PUBLISHER: The Business Research Company | PRODUCT CODE: 1669461
PUBLISHER: The Business Research Company | PRODUCT CODE: 1669461
A cable tray serves as a mechanical support structure, providing a rigid system for insulated conductors, raceways, and electrical cables utilized in signal measurement, communication, power distribution, and control. It is commonly employed for cable management in commercial and industrial projects, serving as an alternative to open wiring or electrical passage systems.
The main types of cable trays include ladder-type cable trays, solid-bottom cable trays, trough cable trays, channel cable trays, wire mesh cable trays, and single-rail cable trays. A ladder-type cable tray comprises two longitudinal side members connected by separate transverse members, forming a support system for power cables or control cables. These trays are constructed using materials such as steel, stainless steel, aluminum, and others, often featuring galvanized coatings, pre-galvanized, or hot-dip galvanized finishing. They find applications in various sectors, including power, construction, manufacturing, information technology (IT), telecommunication, and others.
The cable tray research report is one of a series of new reports from The Business Research Company that provides cable tray market statistics, including the cable tray industry's global market size, regional shares, competitors with a cable tray market share, detailed cable tray market segments, market trends and opportunities, and any further data you may need to thrive in the cable tray industry. This cable tray market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The cable tray market size has grown strongly in recent years. It will grow from $3.91 billion in 2024 to $4.18 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to increased infrastructure development, expansion in construction, power generation, and data centers, increased demand for cost-effective solution
The cable tray market size is expected to see strong growth in the next few years. It will grow to $5.55 billion in 2029 at a compound annual growth rate (CAGR) of 7.3%. The growth in the forecast period can be attributed to expansion of renewable energy sector, expansion of smart grids and data centers, growing urbanization, environmental considerations. Major trends in the forecast period include innovative solutions, integration of automation and sensors, strategic investments, technological advancements, strategic collaborations.
The anticipated growth in the construction sector is poised to drive the expansion of the cable tray market in the foreseeable future. Construction activities encompass the installation and assembly of project tools and materials on the work site, adhering to approved construction plans, guidelines, and specifications. Cable trays, integral for organized cable management, are utilized in the construction sector to ensure protection, accessibility, flexibility, cost-effectiveness, and adherence to safety standards. In March 2023, a report from the Office for National Statistics indicated a quarterly increase of 0.3% in construction production in the fourth quarter of 2022 compared to the third quarter of the same year. Furthermore, after recording a remarkable growth of 12.8% in 2021, the annual production of construction escalated by 5.6% in 2022 compared to the previous year. Hence, the expanding construction sector is a significant driver of the cable tray market's growth.
The escalating process of urbanization is expected to fuel the growth of the cable tray market. Urbanization involves the population's shift from rural areas to urban or metropolitan regions, leading to the expansion and growth of cities. Cable trays play a vital role in urbanization by providing efficient and organized solutions for managing electrical and data cables in diverse urban environments. As of 2023, approximately 56% of the world's population resides in urban areas, according to The World Bank, and the global urban population is projected to grow by 1.5 times, reaching 6 billion by 2045. Consequently, the increasing trend of urbanization is a key factor driving the growth of the cable tray market.
Major companies in the cable tray market are concentrating on developing innovative products, such as enhanced cable capacity that allows for greater cable management without the need for additional cutting. Enhanced cable capacity involves technological advancements and design modifications in power cables to enable them to carry larger amounts of electrical current without overheating or resulting in energy losses. For instance, in January 2024, Panduit, a US-based electronics manufacturing company, launched the Wire Basket Cable Tray Routing System, designed to improve cable management in data centers. This new cable tray routing system features an improved strength-to-weight ratio for easier and faster installations. Its grid pattern enhances cable capacity while minimizing wire cutting, thereby improving safety and efficiency. Customizable in various sizes and materials, it ensures proper bend radius control at intersections, making it ideal for data centers, connected buildings, and industrial environments, and supporting quick and cost-effective deployment.
Major companies in the cable tray market are directing their efforts toward developing innovative solutions, including snake cable trays. Snake cable trays are characterized by their flexible or curved design, resembling the winding and meandering shape of a snake. In August 2023, US-based Snake Tray, a cable tray manufacturer, announced the launch of 'Snake Max' designed for data centers and AI infrastructures. Featuring cable separators known as Snake Max Clicks, this innovation enhances energy efficiency by allowing cables to operate at lower temperatures. The product accommodates cables ranging from 350-1250 Kcmil and streamlines installations with pre-fabricated components, including turns, tees, intersections, and vertical elevations.
In February 2023, Creative Composites Group (CCG), a US-based manufacturer of fiber-reinforced polymer (FRP) composites, completed the acquisition of Enduro Composites Inc. for an undisclosed amount. This strategic acquisition enhances CCG's product offerings and manufacturing standards. Enduro Composites Inc. is a US-based manufacturer specializing in fiberglass tanks, pipes, roofing, and cable trays.
Major companies operating in the cable tray market include Schneider Electric SE, ABB Ltd, Eaton Corporation plc, Lumen Technologies Inc., Legrand SA, Hubbell Incorporated, Atkore Inc, Cooper Industries Inc., nVent HOFFMAN, Thomas & Betts, RS Components Ltd., Basor Electric Inc., MP Husky USA, Techline Mfg., Ellis Patents Limited, Niedax Group, Unitrunk Limited, Chalfant Manufacturing Company, SnakeTray, Johnson Bros. Roll Forming Co., Vantrunk Ltd, Selco Manufacturing Corp., Acme Wire Products Co. Inc., Wieland Electric GmbH, Wiremaid Products Corp., Oglaend System Group.
Asia-Pacific was the largest region in the cable tray market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable tray market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the cable tray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
The cable tray market consists of sales of basket cable trays, power cables, and control cables. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Cable Tray Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on cable tray market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for cable tray ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The cable tray market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.