PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1734005
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1734005
The global industrial reels market is projected to reach USD 0.62 billion by 2030 from USD 0.50 billion in 2025, at a CAGR of 4.4%. Industrial reels are in higher demand as there is a rise in the need for effective cable, hose, and wire management in construction, utilities, transportation, and manufacturing industries. With operations becoming more automated and safety regulations more stringent, using industrial reels prevents tangling, minimizes wear, and enhances workplace safety. The surge in infrastructure development and the expansion of renewable energy projects are generating an unprecedented demand for reliable energy and robust transmission systems. Additionally, using industrial reels enhances equipment mobility and simplifies maintenance, further fueling this growing demand.
Scope of the Report | |
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Years Considered for the Study | 2021-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Value (USD Million/Billion) |
Segments | by type, by rewind type, by material, by application, by industry, and by region |
Regions covered | North America, Europe, APAC, RoW |
"Steel segment to hold largest market share during forecast period"
Steel dominates the industrial reel market due to its superior strength and durability and high resistance to wear, as it is best suited for demanding applications in oil & gas, construction, manufacturing, and transport. Steel reels demonstrate exceptional load-bearing capacities and are engineered to endure extreme temperature fluctuations and challenging environmental conditions. These properties guarantee their reliable performance in both indoor and outdoor applications. Steel is a vastly superior alternative to lighter options such as aluminum and plastic by providing much greater tensile strength and longer life to keep maintenance and replacement costs down. Advancements in modern corrosion-resistant coating materials, such as galvanized and stainless steel, contribute to market growth.
"Construction & infrastructure segment is expected to grow at highest CAGR in industrial reels market."
The construction & infrastructure segment is expected to exhibit a rapidly growing CAGR during the forecast period in the industrial reels market due to increasing global investments to expand urban development, enhance transportation systems, and advance energy-related projects. Industrial reels are used in construction sites to manage electrical cables, hoses, and fluids and support applications such as welding, fueling, lubrication, and tool operation. Moreover, these reels provide significant health and safety improvements, minimizing downtime and maximizing operational efficiency. As megaprojects increasingly expand into heavy and developing regions through government funding initiatives, increased requirements for stronger, more flexible reels will result in high market growth.
"China to dominate industrial reels market in Asia Pacific"
China is expected to dominate the Asia Pacific market for industrial reels due to its active drive toward manufacturing, modernization, and industrial automation. Projects such as Made in China 2025 and investment in advanced machinery boost the demand for industrial power, fluid, and cable management reels. Government fiscal and digitalization policies also stimulate the use of smart manufacturing systems. Industrial reels become a central key to optimizing efficiency and safety within such systems. China's robust manufacturing foundation, coupled with an upswing in infrastructure development, positions the nation at the forefront of economic expansion in the region. The emphasis is increasingly on green technologies and high-tech industries, reinforcing China's role as the primary growth engine.
Hannay Reels Inc. (US), Reelcraft Industries (US), Coxreels (US), Nederman Holding AB (Sweden), Caxotec SA (Switzerland), United Equipment Accessories, Inc. (US), Cejn, Ab (Sweden), Hubbell (US), Winkel GmbH (Germany), SANKYO REELS (Japan), The Ericson Manufacturing Co (US), Conductix-Wampfler GmbH (Germany), Paul Vahle GmbH & Co. KG (Germany), Molex (US), Hartmann & Konig Stromzufuhrungs AG (Germany) are some major players in the industrial reels market.
The study includes an in-depth competitive analysis of these key players in the industrial reels market, with their company profiles, recent developments, and key market strategies.
Research Coverage
This research report categorizes the industrial reels market, by type (hose reels, cable reels, and static grounding reels), rewind type (manual crank, electric, hydraulic, pneumatic), material (steel, aluminium, composite material, and plastic), appication (power supply management, DEF dispensing, welding operations, construction & infrastructure, refuiling stations), industry (transportation, utility & electricity, construction, mining, maritime, military & government, airport, and other industries), and region (North America, Europe, Asia Pacific, South America, and Middle East & Africa). The report's scope covers detailed information regarding the major factors, such as drivers, restraints, challenges, and opportunities, influencing the growth of the industrial reels market. A thorough analysis of the key industry players has been done to provide insights into their business overview, solutions, and services; key strategies; contracts, partnerships, agreements; new product launches; mergers and acquisitions; and recent developments associated with the industrial reels market. This report covers the competitive analysis of the upcoming industrial reels market ecosystem startups.
Reasons to Buy This Report
The report will help market leaders and new entrants with information on the closest approximations of the revenue numbers for the overall industrial reels market and its subsegments. It will also help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.