Global Industrial Cable Reels Market Size By Product(Spring Loaded Industrial Cable Reels, Motorized Industrial Cable Reels, and Manual Industrial Cable Reels), By Application(Crane, Port, Mining Equipment, Garages, Manufacturing), By Geographic Scope And Forecast

Industrial Cable Reels Market Size And Forecast

Industrial Cable Reels Market size was valued at USD 450 Million in 2024 and is projected to reach USD 821 Million by 2031, growing at a CAGR of 6.5% from 2024 to 2031.

The rising utilization of enabling technologies in manufacturing, the supply chain, and mass production to catering to the soaring population is expected to drive the industrial cable reels market over the predicted years. The Global Industrial Cable Reels Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Industrial Cable Reels Market Definition

The industrial cable reel is a round, drum-shaped object such as a spool used to carry various types of electrical wires. They are used to transport electric cables, fiber optic cables, and wire products. Various types of cable reels are wood, plywood, plastic, and steel. They are necessary to avoid the risk of cables on the floor. Based on the product, the market is classified into Spring Loaded Industrial Cable Reels, Motorized Industrial Cable Reels, and Manual Industrial Cable Reels. Various applications of industrial cable reels are Crane, Port, Mining Equipment, Garages, Manufacturing, and Others.

Global Industrial Cable Reels Market Overview

The rising utilization of enabling technologies in manufacturing, the supply chain, and mass production to catering to the soaring population is expected to drive the industrial cable reels market over the predicted years. Also, increasing government initiatives in the various industries with regard to industrial automation expects a boost to the market in the coming years. Additionally, the need to transport electric cables, fiber optic cables, and wire products safely is anticipated to fuel the market during the forecasted period.

There are certain restraints and challenges faced which can hinder the market growth. The high initial cost associated with their installation, especially for small to medium-sized production facilities is likely to act as a market restraint.

Global Industrial Cable Reels Market Segmentation Analysis

The Global Industrial Cable Reels Market Segmented On The Basis Of product, application, And Geography.

Industrial Cable Reels Market, By Product

• Spring Loaded Industrial Cable Reels• Motorized Industrial Cable Reels• Manual Industrial Cable Reels

Based on the product, the market is bifurcated into Spring Loaded Industrial Cable Reels, Motorized Industrial Cable Reels, and Manual Industrial Cable Reels. The Spring-Loaded Industrial Cable Reels segment is expected to hold the largest market share. The factors can be attributed to its rising adoption in the manufacturing sector all over the globe.

Industrial Cable Reels Market, By Application

• Crane• Port• Mining Equipment• Garages• Manufacturing• Others

Based on the application, the market is bifurcated into Crane, Port, Mining Equipment, Garages, Manufacturing, and Others. The other segment is anticipated to have the highest CAGR in the forecasted period due to increasing demand from the energy & power segment due to rising investment in grid expansion projects.

Industrial Cable Reels Market, By Geography

• North America• Europe• Asia Pacific• Rest of the World

Based on regional analysis, the Global Industrial Cable Reels Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. The largest share in the market will be dominated by North America owing to the growing manufacturing and export-import in this region.

Key Players

The “Global Industrial Cable Reels Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players are Schneider Electric, Eaton, Emerson, United Equipment Accessories, Legrand, Hubbell, Scame Parre, Nederman, Delachaux (Conductix-Wampfler), Wabtec (Stemmann-Technik), Coxreels, TE Connectivity, Cavotec, Reelcraft, Paul Vahle, Demac, Hinar Electric.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

Mergers and Acquisitions

• In January 2021, Houston Wire & Cable Company and Omni Cable, LLC (OmniCable) announced the acquisition with OmniCable’s. The merged company develops a national wire and cable redistribution platform that will leverage OmniCable and HWCC’s highly complementary companies, products, and national footprint to best serve the needs including both companies’ customers.

Product Launches and Product Expansions

• In May 2019, Hubbell introduced the new reach mounting bracket, which is specially developed to maximize the installation efficiency of cord reels.

• In January 2019, Reelcraft has launched the new Series LG Cord Reels. The reel emerges with either 65 feet of 12/3 cord or 75 feet of 14/3 cord. A 1300 Lumen LED light, a grounded 12 A outlet, and an on/off switch are included with the light cord reel.

Report Scope

Research Methodology of Market Research

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Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

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