Cable Tray Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors Of Cable Tray Market
The cable tray market size was valued at USD 4.20 billion in 2023, and the market is now projected to grow from USD 4.58 billion in 2024 to USD 9.55 billion by 2032, exhibiting a CAGR of 9.60% during the forecast period of 2024-2032.
Due to lockdowns and authorities restrictions on mobility and staff, many production projects and strength plant installations, which heavily rely upon big cable trays, skilled delays. These delays have reduced call for cable trays. Additionally, the pandemic disrupted worldwide supply chains, main to shortages and fee increases for materials and gadget essential for these trays. According to the World Bank, the global construction area contracted by 3.1% in 2020.
The production industry has increased hastily, specifically in rising countries such as China, Brazil, and India, driven by way of population boom, urbanization, and rising disposable incomes. This increase has spurred infrastructure development, which include roads, homes, and bridges. With elevated construction hobby, there's a developing call for electrical and verbal exchange wiring structures, with cable trays being crucial components to guide those systems. Hence, the cable tray market is growing due to rising call for inside the construction sector.
The fast growth of virtual technology is in all likelihood to pressure the demand for virtual infrastructure, which include data centers, and advanced warehousing and distribution facilities to aid e-commerce. Products inclusive of metal framing, racking systems, electrical cables, cable management structures such as cable trays are crucial in the production of recent and renovated buildings, renewable strength systems, infrastructure, warehouses, information facilities, and electric vehicle charging stations, connecting them to the electrical grid.
Comprehensive Analysis Of Cable Tray Market
The cable tray market growth is rising at an exponential rate due to its market segmentation. This marketplace enlargement successfully affords an in-depth local exam thinking about the dominant deliver and demand forces that effect the enterprise. These segmentations are methodically segregated by material analysis, by type analysis, by end user analysis. By material analysis include, steel, aluminum, and stainless steel. By type analysis include, ladder, solid bottom, trough, channel, wire mesh, and single rail. By end user analysis include, power, construction, manufacturing, IT and telecom, and others.
The Asia Pacific region lead the cable tray market share by benefitting a market size of USD 1.61 billion in 2023 due to The increasing funding in creation and infrastructure development in growing economies, along with China, India, and Southeast Asia, is developing the requirement for cable control systems.
The pinnacle players inside the market play a critical function in the enterprise assuring market growth and placing marketplace requirements. These players include, Key companies in the cable tray market include Atkore International Group Inc. (U.S.), Hubbell Incorporated (U.S.), ABB (Switzerland), Eaton (Ireland), Legrand (France), MP Husky Cable Tray & Cable Bus (U.S.), OBO BETTERMANN GmbH & Co. KG (Germany), Basor (Spain), Niedax MonoSystems, Inc. (U.S.), Snake Tray (U.S.), WIREMAID USA (U.S.), Oglænd System Group (Norway), Techline Mfg. (U.S.), Chatsworth Products (U.S.), Panduit (U.S.), nVent (U.S.), and SUPERFAB INC (India).These market players provide a level-playing competitive landscape.
In November 2023, Igus, a manufacturer of high-overall performance polymers, released the arena's first motor cable meant for cable trays and energy chains with UL approval, offering a 4-yr functional guarantee. The CF33.UL motor cable allows seamless cable laying from the strength chain to the cable tray without a plug connection.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 9.60% from 2024 to 2032
Unit Value (USD Billion)
Segmentation By Material
Steel
Aluminum
Stainless Steel
By Type
Ladder
- Swaged Ladder
- Welded Ladder
Solid Bottom
Trough
Channel
Wire Mesh
Single Rail
By End-User
Power
Construction
Manufacturing
IT and Telecom
Others
By Region
North America (By Material, By Type, By End-User, and By Country)
U.S.
Canada
Europe (By Material, By Type, By End-User, and By Country)
U.K.
Germany
France
Italy
Spain
Rest of Europe
Asia Pacific (By Material, By Type, By End-User, and By Country)
China
India
Japan
Australia
Southeast Asia
Rest of Asia Pacific
Latin America (By Material, By Type, By End-User, and By Country)
Brazil
Mexico
Rest of Latin America
Middle East & Africa (By Material, By Type, By End-User, and By Country)
GCC
South Africa
Rest of Middle East and Africa
Please Note: It will take 5-6 business days to complete the report upon order confirmation.
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions & Assumptions
- 2. Executive Summary
- 3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
- 4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Porters Five Forces Analysis
- 4.5. Impact of COVID-19 on the Cable Tray Market
- 5. Global Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 5.1. Key Findings
- 5.2. Market Analysis, Insights, and Forecast – By Material
- 5.2.1. Steel
- 5.2.2. Aluminium
- 5.2.3. Stainless Steel
- 5.3. Market Analysis, Insights, and Forecast – By Type
- 5.3.1. Ladder
- 5.3.1.1. Swaged Ladder
- 5.3.1.2. Welded Ladder
- 5.3.2. Solid Bottom
- 5.3.3. Trough
- 5.3.4. Channel
- 5.3.5. Wire Mesh
- 5.3.6. Single Rail
- 5.4. Market Analysis, Insights, and Forecast – By End User
- 5.4.1. Power
- 5.4.2. Construction
- 5.4.3. Manufacturing
- 5.4.4. IT & Telecom
- 5.4.5. Others
- 5.5. Market Analysis, Insights, and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America
- 5.5.5. Middle East & Africa
- 6. North America Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 6.1. Key Findings
- 6.2. Market Analysis, Insights, and Forecast – By Material
- 6.2.1. Steel
- 6.2.2. Aluminium
- 6.2.3. Stainless Steel
- 6.3. Market Analysis, Insights, and Forecast – By Type
- 6.3.1. Ladder
- 6.3.1.1. Swaged Ladder
- 6.3.1.2. Welded Ladder
- 6.3.2. Solid Bottom
- 6.3.3. Trough
- 6.3.4. Channel
- 6.3.5. Wire Mesh
- 6.3.6. Single Rail
- 6.4. Market Analysis, Insights, and Forecast – By End User
- 6.4.1. Power
- 6.4.2. Construction
- 6.4.3. Manufacturing
- 6.4.4. IT & Telecom
- 6.4.5. Others
- 6.5. Market Analysis, Insights, and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
- 7. Europe Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 7.1. Key Findings
- 7.2. Market Analysis, Insights, and Forecast – By Material
- 7.2.1. Steel
- 7.2.2. Aluminium
- 7.2.3. Stainless Steel
- 7.3. Market Analysis, Insights, and Forecast – By Type
- 7.3.1. Ladder
- 7.3.1.1. Swaged Ladder
- 7.3.1.2. Welded Ladder
- 7.3.2. Solid Bottom
- 7.3.3. Trough
- 7.3.4. Channel
- 7.3.5. Wire Mesh
- 7.3.6. Single Rail
- 7.4. Market Analysis, Insights, and Forecast – By End User
- 7.4.1. Power
- 7.4.2. Construction
- 7.4.3. Manufacturing
- 7.4.4. IT & Telecom
- 7.4.5. Others
- 7.5. Market Analysis, Insights, and Forecast – By Country
- 7.5.1. U.K.
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Rest of Europe
- 8. Asia Pacific Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 8.1. Key Findings
- 8.2. Market Analysis, Insights, and Forecast – By Material
- 8.2.1. Steel
- 8.2.2. Aluminium
- 8.2.3. Stainless Steel
- 8.3. Market Analysis, Insights, and Forecast – By Type
- 8.3.1. Ladder
- 8.3.1.1. Swaged Ladder
- 8.3.1.2. Welded Ladder
- 8.3.2. Solid Bottom
- 8.3.3. Trough
- 8.3.4. Channel
- 8.3.5. Wire Mesh
- 8.3.6. Single Rail
- 8.4. Market Analysis, Insights, and Forecast – By End User
- 8.4.1. Power
- 8.4.2. Construction
- 8.4.3. Manufacturing
- 8.4.4. IT & Telecom
- 8.4.5. Others
- 8.5. Market Analysis, Insights, and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. Southeast Asia
- 8.5.6. Rest of Asia Pacific
- 9. Latin America Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 9.1. Key Findings
- 9.2. Market Analysis, Insights, and Forecast – By Material
- 9.2.1. Steel
- 9.2.2. Aluminium
- 9.2.3. Stainless Steel
- 9.3. Market Analysis, Insights, and Forecast – By Type
- 9.3.1. Ladder
- 9.3.1.1. Swaged Ladder
- 9.3.1.2. Welded Ladder
- 9.3.2. Solid Bottom
- 9.3.3. Trough
- 9.3.4. Channel
- 9.3.5. Wire Mesh
- 9.3.6. Single Rail
- 9.4. Market Analysis, Insights, and Forecast – By End User
- 9.4.1. Power
- 9.4.2. Construction
- 9.4.3. Manufacturing
- 9.4.4. IT & Telecom
- 9.4.5. Others
- 9.5. Market Analysis, Insights, and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Mexico
- 9.5.3. Rest of Latin America
- 10. Middle East and Africa Cable Tray Market (USD Billion) Analysis, Insights, and Forecast, 2019-2032
- 10.1. Key Findings
- 10.2. Market Analysis, Insights, and Forecast – By Material
- 10.2.1. Steel
- 10.2.2. Aluminium
- 10.2.3. Stainless Steel
- 10.3. Market Analysis, Insights, and Forecast – By Type
- 10.3.1. Ladder
- 10.3.1.1. Swaged Ladder
- 10.3.1.2. Welded Ladder
- 10.3.2. Solid Bottom
- 10.3.3. Trough
- 10.3.4. Channel
- 10.3.5. Wire Mesh
- 10.3.6. Single Rail
- 10.4. Market Analysis, Insights, and Forecast – By End User
- 10.4.1. Power
- 10.4.2. Construction
- 10.4.3. Manufacturing
- 10.4.4. IT & Telecom
- 10.4.5. Others
- 10.5. Market Analysis, Insights, and Forecast – By Country
- 10.5.1. GCC
- 10.5.2. South Africa
- 10.5.3. Rest of Middle East and Africa
- 11. Competitive Analysis
- 11.1. Company Market Share Analysis, 2023
- 11.2. Company Profile
- 11.2.1. Atkore International
- 11.2.1.1. Business Overview
- 11.2.1.2. Product and Service Offerings
- 11.2.1.3. Recent Developments
- 11.2.1.4. Financials (Based on Availability)
- 11.2.2. ABB
- 11.2.2.1. Business Overview
- 11.2.2.2. Product and Service Offerings
- 11.2.2.3. Recent Developments
- 11.2.2.4. Financials (Based on Availability)
- 11.2.3. Eaton
- 11.2.3.1. Business Overview
- 11.2.3.2. Product and Service Offerings
- 11.2.3.3. Recent Developments
- 11.2.3.4. Financials (Based on Availability)
- 11.2.4. Legrand
- 11.2.4.1. Business Overview
- 11.2.4.2. Product and Service Offerings
- 11.2.4.3. Recent Developments
- 11.2.4.4. Financials (Based on Availability)
- 11.2.5. Hubbell Incorporated
- 11.2.5.1. Business Overview
- 11.2.5.2. Product and Service Offerings
- 11.2.5.3. Recent Developments
- 11.2.5.4. Financials (Based on Availability)
- 11.2.6. MP Husky Cable Tray & Cable Bus
- 11.2.6.1. Business Overview
- 11.2.6.2. Product and Service Offerings
- 11.2.6.3. Recent Developments
- 11.2.6.4. Financials (Based on Availability)
- 11.2.7. OBO BETTERMANN GmbH & Co. KG
- 11.2.7.1. Business Overview
- 11.2.7.2. Product and Service Offerings
- 11.2.7.3. Recent Developments
- 11.2.7.4. Financials (Based on Availability)
- 11.2.8. nVent
- 11.2.8.1. Business Overview
- 11.2.8.2. Product and Service Offerings
- 11.2.8.3. Recent Developments
- 11.2.8.4. Financials (Based on Availability)
- 11.2.9. Basor Electric SA
- 11.2.9.1. Business Overview
- 11.2.9.2. Product and Service Offerings
- 11.2.9.3. Recent Developments
- 11.2.9.4. Financials (Based on Availability)
- 11.2.10. Niedax MonoSystems, Inc.
- 11.2.10.1. Business Overview
- 11.2.10.2. Product and Service Offerings
- 11.2.10.3. Recent Developments
- 11.2.10.4. Financials (Based on Availability)
- 11.2.11. Snake Tray
- 11.2.11.1. Business Overview
- 11.2.11.2. Product and Service Offerings
- 11.2.11.3. Recent Developments
- 11.2.11.4. Financials (Based on Availability)
- 11.2.12. WIREMAID USA
- 11.2.12.1. Business Overview
- 11.2.12.2. Product and Service Offerings
- 11.2.12.3. Recent Developments
- 11.2.12.4. Financials (Based on Availability)
- 11.2.13. Øglænd System Group
- 11.2.13.1. Business Overview
- 11.2.13.2. Product and Service Offerings
- 11.2.13.3. Recent Developments
- 11.2.13.4. Financials (Based on Availability)
- 11.2.14. Techline Mfg.
- 11.2.14.1. Business Overview
- 11.2.14.2. Product and Service Offerings
- 11.2.14.3. Recent Developments
- 11.2.14.4. Financials (Based on Availability)
- 11.2.15. Chatsworth Products
- 11.2.15.1. Business Overview
- 11.2.15.2. Product and Service Offerings
- 11.2.15.3. Recent Developments
- 11.2.15.4. Financials (Based on Availability)
- 11.2.16. Panduit
- 11.2.16.1. Business Overview
- 11.2.16.2. Product and Service Offerings
- 11.2.16.3. Recent Developments
- 11.2.16.4. Financials (Based on Availability)
- 11.2.17. SUPERFAB INC
- 11.2.17.1. Business Overview
- 11.2.17.2. Product and Service Offerings
- 11.2.17.3. Recent Developments
- 11.2.17.4. Financials (Based on Availability)
- 12. Strategic Recommendations
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook