A cable tray is a structural system used to support, route and protect electrical cables and wires in commercial, industrial and utility installations. The primary purpose of a cable tray is to ensure efficient cable management by securely holding and guiding electrical wiring, while allowing for ventilation, easy installation and future modifications. They help improve safety, minimize maintenance issues and support compliance with electrical standards in modern infrastructure projects.
The cable tray market consists of sales by entities (organizations, sole traders and partnerships) of cable trays that are used by electrical contractors, facility managers, IT professionals and construction engineers during project planning, installation and maintenance phases. They are employed whenever safe, efficient and code-compliant cable routing is required, such as during construction of new buildings, electrical upgrades, or data center setup.
The global cable tray market was valued at $4,084.81 million in 2019 which grew till 2024 at a compound annual growth rate (CAGR) of more than 4.00%.
Rising Investments In Infrastructure Development
During the historic period, the cable tray market was mainly driven by rising investments in infrastructure development. Infrastructure expansion worldwide, including in energy, transport, urban development and digital networks, heightens the need for organized, accessible cable management systems that cable trays provide by ensuring safety, efficiency and ease of maintenance. As governments and development finance institutions channel capital into critical infrastructure, demand for structured cabling solutions has surged. For instance, in April 2023, according to World Bank Group, a United Nations specialized agency composed of five institutions that provide financing, knowledge and advice to developing countries to help reduce poverty and promote sustainable development, 2022 data shows that private participation in infrastructure (PPI) commitments in low- and middle-income countries rose to US $91.7 billion across 263 projects, marking a 23 % increase over 2021, with the transport sector leading and the energy sector, including renewables, posting a 21 % increase to US $25.9 billion. Therefore, the cable tray market was mainly driven by rising investments in infrastructure development.
Adoption Of Advanced Coated Steel Technologies In Cable Trays
Major companies in the cable trays market are focusing on the use of advanced coated steel materials, to enhance durability, sustainability and performance across diverse infrastructure applications. These innovations aim to provide superior corrosion resistance, reduced material weight and easier processing, while also lowering environmental impact and installation costs. For instance, in September 2024, LANZ, a Switzerland-based provider of cable routing and tray solutions, launched its new EcoShield cable tray portfolio manufactured entirely with ArcelorMittal's Magnelis(R) coated steel. Designed to overcome the limitations of traditional post-galvanized steel trays, these products deliver three times greater corrosion resistance, self-healing cut-edge protection and significant reductions in material thickness and carbon footprint. By integrating cutting-edge coating technology with user-friendly design, the company seeks to offer cable trays that combine strength, sustainability and efficiency to meet the evolving needs of both domestic and international markets.
The global cable tray market is fairly fragmented, with a large number of small players operating in the market. The top 10 competitors in the market made up 14.50% of the total market in 2024.
Cable Tray Global Market Opportunities And Strategies To 2034 from The Business Research Company provides the strategists; marketers and senior management with the critical information they need to assess the global cable tray market as it emerges from the COVID-19 shut down.
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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 history and forecasts market growth by geography. It places the market within the context of the wider cable tray market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by type, by material type, by finishing and by application.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by type, by material type and by application in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players
- Other Major And Innovative Companies Details on the company profiles of other major and innovative companies in the market
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Recent Developments Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for cable tray providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
- 1) By Type: Ladder Type Cable Trays; Solid Bottom Cable Trays; Trough Cable Trays; Channel Cable Trays; Wire Mesh Cable Trays; Single Rail Cable Trays; Other Cable Trays
- 2) By Material Type: Steel; Stainless Steel; Aluminum; Other Material Types
- 3) By Finishing: Pre-Galvanized; Hot-Dip Galvanized; Powder Coated; Other Finishing
- 4) By Application: Power; Construction; Manufacturing; Information Technology (IT) And Telecommunication; Other Applications
- Companies Mentioned: Legrand SA (Cablofil); Eaton Corp. (Crouse-Hinds Electric Company); Atkore International Group Inc. (Unistrut); Schneider Electric SE; ABB Ltd. (Thomas & Betts)
- Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
- Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
- Time-series: Five years historic and ten years forecast.
- Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; cable tray indicators comparison.
- Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
- Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.