Cable Tray Market - By Material (Aluminum Steel, Stainless Steel, Fiberglass), By Finishing (Galvanized Coatings, Pre-galvanized, Hot-dip Galvanized), By Application (Power, Construction, Manufacturing, Utilities, IT & Telecommunication), By Type & Forecast 2023 - 2032

Published Date: July - 2024 | Publisher: MRA | No of Pages: 240 | Industry: Construction | Format: Report available in PDF / Excel Format

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Cable Tray Market - By Material (Aluminum Steel, Stainless Steel, Fiberglass), By Finishing (Galvanized Coatings, Pre-galvanized, Hot-dip Galvanized), By Application (Power, Construction, Manufacturing, Utilities, IT & Telecommunication), By Type & Forecast 2023 - 2032

Cable Tray Market Size

Cable Tray Market size was valued at over USD 2.5 billion in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032 owing to the demand for supporting equipment in electrical signals, power & instrumentation control, and communication cables in various industries. This requirement is met by a cable system, of which a cable tray is an important component as it provides safety, improves space utilization, is cost-effective, and has a flexible style. The growing demand for cable trays in the construction industry is expected to drive market growth.

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A cable tray is an electrical wiring system component that holds & routes cables and wires. This system will manage the cables & wires used in various industrial, commercial, and residential applications in a safe & orderly manner. Cable trays come in a variety of sizes, shapes, and materials including metal, plastic, and fiberglass. They can be used to support a variety of electrical wire systems and are frequently located above, adjacent to, or beneath elevated floors.
 

Cable Tray Market Report Attributes
Report Attribute Details
Base Year 2022
Cable Tray Market Size in 2022 USD 2.5 billion
Forecast Period 2023 to 2032
Forecast Period 2023 to 2032 CAGR 5%
2032 Value Projection USD 5.5 billion
Historical Data for 2018 - 2022
No. of Pages 250
Tables, Charts & Figures 322
Segments covered Type, Material, Coating, Application
Growth Drivers
  • Increase of demand of cable tray in construction sector
  • Increasing Infrastructure Development
  • Rising Demand for Power and Data Communication
  • Growing Industrialization and Manufacturing Sector
  • Increasing Focus on Safety and Compliance
Pitfalls & Challenges
  • Change in raw material prices
  • Stringent Regulations and Compliance

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There are significant constraints that may hinder market growth. Changes in raw material prices may affect the profitability of cable tray manufacturers and increase product cost for consumers. Another constraint, particularly in developing countries, is the lack of skilled labor in cable tray installation & maintenance. Furthermore, due to strict government regulations governing safety & quality standards, the high cost of cable tray production & installation may be a barrier to market expansion.

COVID-19 Impact

The COVID-19 outbreak hindered the entire logistics of cable tray products as well as threatened production & use all over the world. The COVID-19 pandemic had negative impacts on communities & businesses. While the growth of multiple industries has been significantly hampered, many other markets remained unaffected and accounted for good growth prospects. The COVID-19 pandemic severely impacted the upstream raw material market, thereby hampering the cable tray market due to the declining demand for end-use products and the suspension or reduction in production.

Cable Tray Market Trends

As emerging countries race toward industrialization and urbanization, there's a growing need for cable trays. These systems are crucial for organizing and distributing power and control cables efficiently in these rapidly developing cities and industries. With construction and infrastructure projects booming in these regions, the demand for cable trays is skyrocketing. Another major factor driving the global demand is the increasing focus on reliable power distribution systems. Cable trays help keep cables safe and secure, minimizing the risk of damage or outages that could disrupt businesses or even endanger lives. Moreover, cable trays offer organized cable routing, which can significantly reduce installation and maintenance costs. The growing adoption of renewable energy sources, such as solar and wind, is also contributing to the surge in demand for cable trays.

Cable Tray Market Analysis

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Based on material, the tray material market is segmented into aluminum steel, stainless steel, and fiberglass. The aluminum steel material segment held a market share of around 55% in 2022 and is expected to grow at a lucrative pace through 2032. The aluminum cable trays are estimated to occupy a considerable market share over the forecast period. Aluminum cable trays are lightweight, resistant to corrosive environments, and easy to install. Therefore, this material is preferred in various industries for a significant number of applications. Furthermore, the cost-effectiveness of the product is expected to significantly enhance its demand.

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Imagine you're organizing all the electrical wires in your house or office. Different types of trays, like shelves for wires, help keep everything neat and tidy. There are several different kinds of cable trays, each with its own strengths. Ladder cable traysThese look like small ladders. They're great for holding lots of wires because they have plenty of space. They're also easy to change if you need to add or remove wires. And because they have openings on all sides, they keep your wires nice and cool. They're so light that putting them up is a breeze, and they're also cost-effective since you don't need to use as many extra supports. They're also super handy because you can easily check on your wires and fix any problems. Solid bottom cable trays These have a solid base, making them sturdy and perfect for heavy cables. Through (ventilated) cable traysSimilar to ladder trays, these have holes to let air circulate, keeping your cables cool. Channel (perforated) cable trays They have holes on the sides to help with ventilation. Wire mesh cable traysThese are made of wire mesh, making them lightweight and easy to work with. Single rail cable trays These have a single rail at the bottom, making them ideal for places with limited space. In 2022, ladder cable trays were the most popular, worth over $1 billion. They're especially good for places where you need to organize a lot of wires, like factories or offices. As for how these trays are used, they're pretty versatile. You can find them inPowerFor electrical wires in buildings and factories. Manufacturing In production lines and assembly areas. ConstructionDuring electrical installations in new buildings or renovations. IT & telecommunication To manage data and communication cables. Other In various industries, like healthcare and transportation. The construction industry is the biggest user of cable trays. As more and more buildings get built, especially in growing countries, the demand for cable trays will keep rising.

Cable Tray Regional Analysis

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Asia Pacific is the fastest growing region in the global cable tray market, accounting for over 30% of the business share in 2022. Rising construction activities, rapid urbanization, the growing population, increasing disposable incomes, and the expansion of the IT & telecommunications industry are some of the major factors driving market growth in Asia Pacific. China's expanding residential construction and healthcare infrastructure are expected to help in market growth over the forecast period.

Cable Tray Market Share

Some of the major players operating in the cable tray market are

  • ABB
  • Atkore International
  • Schneider Electric
  • Chalfant
  • Basor Electric SA
  • MP Husky
  • Oglaend System Group
  • SnakeTray
  • TechLine Mfg.
  • Eaton Corporation
  • Panduit Corp
  • Chatsworth Products, Inc.
  • Niedax Group
  • WIREMAID USA
  • Vantrunk
  • Enduro Composites Inc.
  • Legrand
  • Hubbell incorporated

These players focus on strategic partnerships, new product launches, and commercialization methods for market expansion. Furthermore, these players are heavily investing in research, allowing them to introduce innovative products and garner maximum market revenue.

Cable Tray Industry News

  • In September 2022, ABB invested USD 13 million in its Quebec manufacturing facility. The installation products division of the company operates the facility. The funds were estimated to be used to expand production capacity as well as establish a research & development facility at the company's global center of excellence for cable tray manufacturing.
  • In July 2022, Niedax India designed industry-specific cable trays. These special box-type cable trays represent a new cable tray design that is designed specifically for tunnel projects.

The cable tray market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2018 to 2032 for the following segments

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By Type

  • Ladder Cable Trays
  • Solid Bottom Cable Trays
  • Through (Ventilated) Cable Trays
  • Channel (Perforated) Cable Trays
  • Wire Mesh Cable Trays
  • Single Rail Cable Trays

By Material

  • Aluminum Steel
  • Stainless Steel
  • Fiberglass

By Coating

  • Galvanized Coatings
  • Pre-Galvanized
  • Hot-Dip Galvanized

By Application

  • Power
  • Manufacturing
  • Construction
  • Utilities
  • IT & Telecommunications
  • Others

The above information is provided for the following regions and countries

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • ANZ
    • Singapore 
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • UAE
    • Saudi Arabia
    • South Africa

 

 

Table of Content

Report Content

Chapter 1   Methodology & Scope

1.1    Market scope & definition

1.2    Base estimates & calculations

1.3    Forecast calculation

1.4    Data Sources

1.4.1    Primary

1.4.2    Secondary

1.4.2.1   Paid sources

1.4.2.2   Public sources

Chapter 2   Executive Summary

2.1    Cable tray market 3600 synopsis, 2018 - 2032

2.2    Business trends

2.3    Regional trends

2.4    Type trends

2.5    Material trends

2.6    Coating trends

2.7    Application trends

Chapter 3   Cable Tray Market Insights

3.1    Impact on COVID-19

3.2    Russia- Ukraine war impact

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Component suppliers

3.3.3    Manufacturers

3.3.4    Distribution channel analysis

3.4    Vendor matrix

3.5    Profit margin analysis

3.6    Technology & innovation landscape

3.7    Patent analysis

3.8    Key news and initiatives

3.9    Regulatory landscape

3.10    Impact forces

3.10.1    Growth drivers

3.10.1.1    Increase of demand of cable tray in construction sector

3.10.1.2    Increasing Infrastructure Development

3.10.1.3    Rising Demand for Power and Data Communication

3.10.1.4    Growing Industrialization and Manufacturing Sector

3.10.1.5    Increasing Focus on Safety and Compliance

3.10.2    Industry pitfalls & challenges

3.10.2.1    Change in raw material prices

3.10.2.2    Stringent Regulations and Compliance

3.11    Growth potential analysis

3.12    Porter’s analysis

3.13    PESTEL analysis

Chapter 4   Competitive Landscape, 2022

4.1    Introduction

4.2    Company market share, 2022

4.3    Competitive analysis of major market players, 2022

4.3.1    Atkore

4.3.2    ABB

4.3.3    Schneider Electric

4.3.4    Eaton Corporation

4.3.5    Legrand SA

4.3.6    HUBBELL INCORPORATED

4.3.7    Panduit Corp.

4.4    Competitive positioning matrix, 2022

4.5    Strategic outlook matrix, 2022

Chapter 5   Cable Tray Market Estimates and Forecast, By Type (USD Million)

5.1    Key trends, by Type

5.2    Ladder cable trays

5.3    Solid bottom cable trays

5.4    Through(ventilated) cable trays

5.5    Channel (perforated) cable trays

5.6    Wire Mesh cable trays

5.7    Single rail cable trays

Chapter 6   Cable Tray Market Estimates and Forecast, By Material (USD Million)

6.1    Key trends, by material

6.2    Aluminium steel

6.3    Stainless steel

6.4    Fibreglass

Chapter 7   Cable Tray Market Estimates and Forecast, By Coating (USD Million)

7.1    Key trends, by Coating

7.2    Galvanized Coatings

7.3    Pre-galvanized

7.4    Hot-dip Galvanized

Chapter 8   Cable Tray Market Estimates and Forecast, By Application (USD Million)

8.1    Key trends, by application

8.2    Power

8.3    Construction

8.4    Manufacturing

8.5    IT And Telecommunication

8.6    Utilities

8.7    Others

Chapter 9   Cable Tray Market Estimates and Forecast, By Region (USD Million)

9.1    Key trends, by region

9.2    North America

9.2.1    U.S.

9.2.2    Canada

9.3    Europe

9.3.1    UK

9.3.2    Germany

9.3.3    France

9.3.4    Italy

9.3.5    Spain

9.4    Asia Pacific

9.4.1    China

9.4.2    Japan

9.4.3    India

9.4.4    South Korea

9.4.5    ANZ

9.4.6    Singapore

9.5    Latin America

9.5.1    Mexico

9.5.2    Brazil

9.6    MEA

9.6.1    Saudi Arabia

9.6.2    UAE

9.6.3    South Africa

Chapter 10   Company Profiles

10.1    ABB

10.2    Atkore

10.3    Basor Electric SA

10.4    Chalfant

10.5    Chatsworth Products

10.6    Eaton

10.7    Enduro

10.8    Hubbell incorporated

10.9    Legrand

10.10    MP Husky

10.11    Niedax Group

10.12    Oglaend System group

10.13    Panduit Corp.

10.14    Schneider Electric

10.15    Snake Tray

10.16    TechLine Mfg.

10.17    Vantrunk

10.18    Wiremaid
 

  • ABB
  • Atkore International
  • Schneider Electric
  • Chalfant
  • Basor Electric SA
  • MP Husky
  • Oglaend System Group
  • SnakeTray
  • TechLine Mfg.
  • Eaton Corporation
  • Panduit Corp
  • Chatsworth Products, Inc.
  • Niedax Group
  • WIREMAID USA
  • Vantrunk
  • Enduro Composites Inc.
  • Legrand
  • Hubbell incorporated

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