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Historical Year
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The global cable trays market is expected to grow at a CAGR of 8% in the forecast period of 2024-2032.
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Based on application, the construction segment accounted for a significant share in the market and is likely to grow at a considerable rate in the forecast period. The growth can be attributed to the rising construction activities and rapid urbanisation, particularly in emerging economies. The development of residential buildings, hospitals, and shopping malls, among others is likely to propel the demand for cable trays. The ability of cable trays to adapt to complex structures owing to the product’s flexibility will further drive their demand in the segment. Meanwhile, the steady growth of the IT and telecommunications industry is expected to further aid the market in the forecast period owing to the design flexibility of cable trays.
On the basis of material, the aluminium cable trays are likely to occupy a considerable share in the market over the forecast period. Aluminium cable trays are light-weight, 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, thus, aiding the market growth.
The hot-dip galvanised cable trays, on the basis of finishing, are likely to account for a significant share in the market. The growth can be attributed to the various advantages offered by this type of finishing, which includes resistance to environmental impacts, high maximum operating temperature, double corrosion protection, high coating strength, and high wear resistance.
The rising construction activities, rapid urbanisation, growing population, increasing disposable incomes, and the growth of the IT and telecommunications industry are some of the major factors propelling the market growth in the Asia Pacific. The growing residential construction and healthcare infrastructure in China is expected to further aid the market in the forecast period. Therefore, the Asia Pacific is likely to grow at a significant rate in the forecast period.
Cable tray is defined as a component in the cable tray system that is used in the electrical wiring of buildings. These systems provide support to insulated electric cables used for power distribution, control, and communication.
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Based on type, the market is divided into:
On the basis of material, the industry is segmented into:
Based on finishing, the market is divided into:
The major applications of the product include:
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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The global cable trays industry is driven by the growing demand for supporting equipment for electrical signals, power, instrumentation control and communication cables in various industries. This requirement is fulfilled by a cable system, where cable tray is a crucial component as it provides safety, enhances space utilisation, is cost-effective, and has flexible style. The growing demand for cable trays in the construction industry is likely to fuel the global cable trays industry growth. These trays are utilised during the installation of new cables. Over the forecast period, the market is expected to be aided by the growing technological advancements in the IT and telecommunication industry.
The report gives a detailed analysis of the following key players in the global cable trays market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Material |
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| Breakup by Finishing |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as a n attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market is projected to grow at a CAGR of 8% between 2024 and 2032.
The major drivers of the market are rising demand from the IT and telecommunication industry, growing construction activities, and increasing disposable income.
The key trends guiding the growth of the market include easy installation of cable trays, resistance to corrosion, and the ability to adapt to complex structures.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The significant applications of cable trays in the market are power, construction, manufacturing, and IT and telecommunication, among others.
The various finishings for cable trays in the market are galvanised coatings, pre-galvanised, and hot-dip galvanised.
The types of cable trays in the market are ladder type, solid bottom, trough cable tray, channel cable tray, and wire mesh, among others.
Materials used in cable trays are aluminium, steel, and stainless steel.
A cable tray is a mechanical support system that is used in the electrical wiring of buildings and supports insulted electric cables used for power control, communication, and distribution.
The major players in the global cable trays market are Schneider Electric, Hubbell Incorporated, Legrand SA, Eaton Corporation plc, Basor Electric Ltd, and Chalfant Manufacturing Co., among others.
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Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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