Global Cable Tray Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cable Tray Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Cable trays are used to provide mechanical protection in an environment where a large number of power control cables work. In addition to providing mechanical protection, these cables are also designed to provide a perfect routing path for power or control cables. These cables can be either overhead cables or underground cables.

There are a variety of cable trays of different materials to choose from. Cable tray manufacturers use galvanized steel, aluminum, stainless steel, and glass fiber-reinforced plastics to manufacture cable trays. The choice of cable tray depends entirely on the use and installation environment. The installation environment here refers to the consideration of electrical factors and corrosion.

Market Overview:

The latest research study on the global Cable Tray market finds that the global Cable Tray market reached a value of USD 2784.48 million in 2022. It’s expected that the market will achieve USD 4208.6 million by 2028, exhibiting a CAGR of 7.13% during the forecast period.

In terms of product innovation, steel cable trays, because the structural strength of the profile is higher than that of ordinary plane plates, it is possible to use machine drawing or pressing processes to change the shape of the plane plate of the cable tray to increase the strength, such as the main structure of the cable tray The middle bottom plate, side edges, and cover plates are all made of corrugated structure, or pressed into a block-like concave-convex structure similar to the covering tape, which increases the strength of the cable tray while increasing the heat dissipation area, and its structure is convenient for ventilation and heat exchange, and also reduces The energy consumption of cables laid in the cable tray. The structure can meet the original load-bearing capacity requirements by using a thick bottom plate. This will greatly reduce the number of raw materials used. If further research is carried out in this direction, there should be more new types in the future. The cable tray is produced.

Increase in downstream demand

With the strong development of related industries, the market demand for cable trays is also increasing. Take the construction industry as an example. With the continuous development of the economy, countries are also constantly strengthening their various infrastructure constructions to increase overall national strength. More and more infrastructure construction projects require a large number of cable trays, which promotes the development of the cable tray industry. In addition, the world's population is still increasing. The growing population has driven the growing demand for residential and commercial buildings, which is also the driving force for the development of the cable tray industry.

The spread of the new crown epidemic

The outbreak of the new crown pneumonia epidemic has slowed down the entire logistics of cable tray products and endangered production and use around the world. COVID-19 continues to spread every day, negatively affecting communities and businesses. The growth of multiple industries will be significantly affected, while many other markets may not be harmed and show good growth opportunities. Due to the declining demand for end-use products and the suspension or reduction in production, the COVID-19 pandemic has severely affected the upstream raw material market, thereby hampering the cable tray market.

Region Overview:

Asia-Pacific had the highest growth rate of all regions

Company Overview:

Niedax Group is one of the major players operating in the Cable Tray market, holding a share of 9.52% in 2021.

Niedax Group

Niedax has always been synonymous with modern electrical systems. The existing product portfolio of more than 50,000 products covers all cable management systems in projects including industrial plants, office complexes, power plants, and sports stadiums.

Legrand

Legrand designs and manufactures electrical devices. The Company offers switches, sockets, fuses, cables, security systems, circuit breakers, solar energy panels, energy management components, and accessories. Legrand serves offices, hotels, shopping centers, residential, and data centers.

Segmentation Overview:

Among different product types, Aluminum segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Construction & Utility segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Cable Tray market covered in Chapter 3:

Unitech
Cooper B-Line/Eaton
Cope/Atkore
Daqo Group
OBO Bettermann
Niedax Group
Schneider Electric
Korvest
Thomas & Betts/ABB
Oglaend/Hilti
Marco Cable Management/Atkore
DKC Company
HUAPENG
Pemsa Cable Management
Unistrut/Atkore
Basor Electric
PUK Group
Legrand

In Chapter 4 and Chapter 14.2, on the basis of types, the Cable Tray market from 2018 to 2029 is primarily split into:

Steel
Aluminum
FRP

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cable Tray market from 2018 to 2029 covers:

IT and Telecom
Manufacturing
Construction & Utility
Oil and Gas
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)