Cable Tray Market: Trends, Opportunities and Competitive Analysis [2023-2028]

Cable Tray Market Trends and Forecast

The future of the global cable tray market looks promising with opportunities in the power, IT & telecom, manufacturing, and construction industries. The global cable tray market is expected to reach an estimated $3.8 billion by 2028 with a CAGR of 7.2% from 2023 to 2028. The major drivers for this market are increasing demand for dependable and effective power distribution systems, growing adoption of renewable energy sources, along with advancement in infrastructure in developing nations.

Cable Tray Market

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Cable Tray Market by Segment

The study includes trends and forecast for the global cable tray market by product type, material type, end use industry, and region, as follows:

Cable Tray Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:

• Ladder Cable Trays
• Trough Trays
• Solid Botton Cable Trays
• Wire Mesh Cable Trays
• Others

Cable Tray Market by Material Type [Shipment Analysis by Value from 2017 to 2028]:

• Steel
• Stainless Steel
• Aluminum
• Others

Cable Tray Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:

• Power
• IT & Telecom
• Manufacturing
• Construction
• Others

Cable Tray Market by Region [Shipment Analysis by Value from 2017 to 2028]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Cable Tray Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, cable tray companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base.

Some of the cable tray companies profiled in this report include:

• Atkore International
• Schneider Electric
• Hoffman
• Eaton
• ABB
• Enduro Composites
• Niedax Group
• Cooper Industries
• Chatsworth Products
• Legrand
• Hubbell

Cable Tray Market Insights

• Lucintel forecasts that aluminum will remain the largest segment over the forecast period owing to its properties, such as enhanced load-bearing capacity, high strength-to-weight ratio and low maintenance cost associated with it.
• Within this market, construction segment will remain the largest segment due to rapid urbanization in the emerging nations and rising number of smart building projects such as, construction of new houses, hospitals, and shopping centers
• APAC will remain the fastest growing region over the forecast period due to significantly growing telecommunication sector, growing demand for new power generation plants, along with increasing investments in emerging information technologies in the region.

Features of the Cable Tray Market

• Market Size Estimates: Cable tray market size estimation in terms of value ($B)
• Trend and Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
• Segmentation Analysis: Cable tray market size by various segments, such as by product type, material type, end use industry, and region
• Regional Analysis: Cable tray market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
• Growth Opportunities: Analysis on growth opportunities in different by product type, material type, end use industry, and regions for the cable tray market.
• Strategic Analysis: This includes M&A, new product development, and competitive landscape for the cable tray market.
• Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

• Q1. What is the cable tray market size?
• Answer: The global cable tray market is expected to reach an estimated $3.8 billion by 2028.
• Q2. What is the growth forecast for cable tray market?
• Answer: The global cable tray market is expected to grow with a CAGR of 7.2% from 2023 to 2028.
• Q3. What are the major drivers influencing the growth of the cable tray market?
• Answer: The major drivers for this market are increasing demand for dependable and effective power distribution systems, growing adoption of renewable energy sources, along with advancement in infrastructure in developing nations.
• Q4. What are the major segments for cable tray market?
• Answer: The future of the global cable tray market looks promising with opportunities in the power, IT & telecom, manufacturing, and construction industries.
• Q5. Who are the key cable tray companies?
• Answer: Some of the key cable tray companies are as follows:
  • Atkore International
  • Schneider Electric
  • Hoffman
  • Eaton
  • ABB
  • Enduro Composites
  • Niedax Group
  • Cooper Industries
  • Chatsworth Products
  • Legrand
  • Hubbell
• Q6. Which cable tray segment will be the largest in future?
• Answer:Lucintel forecasts that aluminum will remain the largest segment over the forecast period owing to its properties, such as enhanced load-bearing capacity, high strength-to-weight ratio, and low maintenance cost associated with it.
• Q7. In cable tray market, which region is expected to be the largest in next 5 years?
• Answer: APAC will remain the fastest growing region over the forecast period due to significantly growing telecommunication sector, growing demand for new power generation plants, along with increasing investments in emerging information technologies in the region.
• Q8. Do we receive customization in this report?
• Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the global cable tray market by product type (ladder cable trays, trough trays, solid botton cable trays, wire mesh cable trays, and others), material type (steel, stainless steel, aluminum, and others), end use industry (power, IT & telecom, manufacturing, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?