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Cable Trays Market By Product Type (Ladder Type Cable Trays, Solid Bottom Cable Trays, Trough Cable Trays, Channel Cable Trays, Wire Mesh Cable Trays, Single Rail Cable Trays), By Material (Metallic, Non-metallic Cable Trays), By Industry Vertical (It & Telecommunication, Public Infrastructure, Industrial Manufacturing, Energy & Utilities, Oil & Gas, Residential Construction, Commercial Construction, Others) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Superior Advantages over Electrical Conduits to Ensure Robust Cable Trays Market Growth

The global cable trays market is expected to grow at a rapid pace from 2018 to 2026, surpassing US$ 2,956.9 million in 2017. Cable trays are rigid cable management products used to transport and support cables. These are designed to support several types of wiring, including high-voltage power lines, power distribution cables, optical cables, telecom lines, and several others.

Cable trays have emerged as the most promising cable management products for wiring systems across industrial, commercial, and infrastructural applications. This is primarily due to their higher advantages in terms of installation and flexibility of wiring systems. The market is primarily driven by the consistently growing construction industry worldwide. Countries such as the U.S., India, and China are expected to emerge as the most promising markets on account of their huge construction industries. Nevertheless, the predominant penetration of electrical conduit systems poses a major challenge to market growth. Additionally, complying with regulatory standards framed by NEMA, IEC, and others is another significant challenge faced by cable tray manufacturers.

Market Synopsis

Ladder Type Cable Trays Will Remain the Most Popular Segment

Ladder-type cable trays are the most common type of cable trays used in the majority of applications. This is mainly due to their seamless design, which makes them suitable for a wide range of applications. Ladder-type trays are open-design raceways that enable easy heat dissipation, thereby enhancing cable life.

Furthermore, moisture accumulation is very low in cables laid on ladder-type trays due to the open design. Similarly, ladder-type cable trays offered higher flexibility and ease of installation as compared to other types of cable trays. In 2017, the ladder-type cable trays segment led the market with more than 60% of the total market value. Given the suitability of these trays, the segment is expected to maintain its market dominance throughout the forecast period.

Asia Pacific will emerge as the fastest-growing market due to its rising construction and industrial sectors.

In 2017, North America led the overall cable tray market with more than 1/3 of the total market revenue generated worldwide. The U.S., having the largest construction industry (industrial, commercial, and residential) across the Americas region, governs the regional cable tray market. Europe closely follows North America, in terms of revenue, in the cable tray market. Europe is among the first regions to adopt cable trays on a large scale.

Due to a greater inclination toward using high-performance cables, most of the construction sectors prefer using cable trays instead of electrical conduit systems. Asia Pacific is projected to emerge as the fastest-growing market for cable trays during the forecast period. The huge industrial and commercial construction sectors in India and China play the most crucial role in regional market growth.

A Large Number of Players to Ensure a Fragmented and Competitive Market

The global cable tray market varies significantly by geographical region. The market in North America and Europe is well organized and consolidated. Contrarily, the cable tray market in the Asia Pacific and the Rest of the World regions is quite unorganized, comprising a large number of regional manufacturers. Due to the low-regulated market in the Asia Pacific, consumers tend to lean towards cheaper electrical products. As a result, a significant number of regional players have evolved in the region.

These manufacturers have the least focus on brand development and focus on manufacturing low-cost conduit systems. As opposed to the market scenario in the Asia Pacific, North America and Europe have companies trying to specialize in conduit systems. Companies such as Cooper Industries, Atkore International, Inc., and Thomas & Betts Corporation focus on providing specialized cable trays to their customers.

Some of the major companies profiled in the report include Atkore International, Inc. (Allied Tube & Conduit), Chatsworth Products, Inc., Cooper Industries (Eaton Corporation), Hubbell, Inc., Legrand SA, Marco Cable Management, Chalfant Manufacturing Company, Oglaend System Group, Panduit Corporation, Schneider Electric SE, TE Connectivity Ltd., Thomas & Betts Corporation, and others.

Periods of History and Forecast

This research report presents the analysis of each segment from 2016 to 2026, considering 2017 as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments was calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The cable tray market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global cable tray market based on product type, material, industry vertical, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the market size of cable trays in 2017, and what is the forecast up to 2026?
  • Which is the largest regional market for cable trays?
  • What are the major trends followed in the overall cable management sector across different regions?
  • What are the key market trends observed in the cable tray market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in the market?

This report's distinct data points

  • Statistics on the construction sector worldwide, specific to the commercial and industrial sectors
  • Recent trends across different regions in terms of the adoption of cable trays and electrical conduit systems
  • attractive investment propositions for vertical industry segments as well as geography
  • Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
  • List of the major distributors of cable management products by region

Frequently Asked Question:

The market for Cable Trays Market is expected to reach USD$ 2,956.9 Mn in 2026.

The Cable Trays Market is expected to see significant CAGR growth over the coming years, at XX%.

The report is forecasted from 2018 -2026.

The base year of this report is 2017.

Atkore International, Inc. (Allied Tube & Conduit), Chatsworth Products, Inc., Cooper Industries (Eaton Corporation), Hubbell, Inc. are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Oct 2018
Category:  Building & Construction
Report ID:   59362
Report Format:   PDF
Pages:   120
Rating:    4.1 (58)
Delivery Time: 24 Hours to 48 Hours   
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