Global Cable Trays Market Report and Forecast 2024-2032

Global Cable Trays Market Outlook

The global cable trays market is expected to grow at a CAGR of 8% in the forecast period of 2024-2032.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Increasing Applications of Cable Trays in the Construction Sector to Bolster the Growth of the Cable Trays Industry

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.

Light-Weight, Resistance to Corrosion, and Easy Installation Likely to Propel the Demand for Aluminium Cable Trays, Bolstering the Cable Trays Industry Growth

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.

Various Advantages of Hot-Dip Galvanised Cable Trays to Accelerate the Sales of the Product, Augmenting the Cable Trays Industry 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 Asia Pacific Accounts for a Significant Share in the Market

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 Trays: Market Segmentation

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.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Based on type, the market is divided into:

• Ladder type
• Solid Bottom
• Trough Cable Tray
• Channel Cable Tray
• Wire Mesh
• Others

On the basis of material, the industry is segmented into:

• Aluminium 
• Steel 
• Stainless Steel

Based on finishing, the market is divided into:

• Galvanised Coatings
• Pre-Galvanised 
• Hot-Dip Galvanised

The major applications of the product include:

• Power 
• Construction
• Manufacturing
• IT and Telecommunication
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Growing Demand for Supporting Equipment for Electrical Signals, Power, Instrumentation Control and Communication Cables in Various Industries to Boost the Growth of the Cable Trays Industry

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.

Key Industry Players in the Global Cable Trays Market

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:

• Schneider Electric
• Hubbell Incorporated
• Legrand SA
• Eaton Corporation plc
• Basor Electric Ltd
• Chalfant Manufacturing Co.
• Others

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.

Key Highlights of the Report