Global Cable Tray Market 2017-2021

January 09, 2017
This market research report identifies suppliers like Atkore International, Eaton, Legrand, Schneider Electric, and Thomas & Betts to be the key vendors in the global cable tray market. It also presents a detailed segmentation of the global market by end-user (power and manufacturing) and by geography (the Americas, APAC, and EMEA).

Overview of the global cable tray market

Technavio’s market research analyst predicts the global cable tray market to grow steadily at a CAGR of around 14% by 2021. One of the primary drivers for this market is the rapid growth of construction industry. The construction industry is the second largest end-user market for cable trays. Investments in industrial infrastructure provide opportunities for vendors that offer cable tray systems. Technavio estimates the global construction industry to grow at a higher rate as compared to the global GDP. Also, the recovery of developed countries from economic instability and rapid industrialization of emerging countries will contribute to the growth of the cable tray market over the next few years.

One of the latest trends gaining traction in this market is the growing investments in product innovations. The key contributor to this rising trend is the lack of product differentiation and the high bargaining power of buyers to pull down the price of cable tray systems. This has compelled the key cable tray manufacturers to invest in product innovations and R&D. For instance, Schneider Electric invests significantly in R&D and product development. The company plans to invest in India in the next three-five years in R&D and manufacturing. Moreover, safety standards and regulatory requirements for cable management systems have created the demand for cable trays that offer enhanced safety and protection to the wiring system.  

Competitive landscape and key vendors

The global cable tray market is highly fragmented at regional levels with both organized and unorganized players operating in the market. In advanced economies, such as the US and Europe, the market is consolidated, with few international players holding large market shares. Leading cable tray manufacturers have followed aggressive inorganic growth strategies over the years to gain higher market share. Key factors responsible for intensifying the competition among vendors are price, quality, the range of products, distribution network, the environmental impact of products, and the ability to meet customer's requirements. This trend is likely to continue, with a focus on emerging markets such as APAC and MENA. 

Leading vendors in the market are -

  • Atkore International
  • Eaton
  • Legrand
  • Schneider Electric
  • Thomas & Betts

Other prominent vendors in the cable tray market include Chalfant Manufacturing Company, MP Husky, Oglaend System, Snake Tray, Techline Manufacturing, Hoffman, RS Pro, CE, igus, EDP, Vantrunk, Marco Cable Management, Metsec (part of Voestalpine), Unitrunk, Ellis, Niedax, Chatsworth Products, Panduit, Enduro Composites.

Segmentation by end-user and analysis of the cable tray market

  • Power
  • Construction
  • Manufacturing
  • IT and telecommunication

During 2016, the power segment dominated the cable tray market and accounted for a major part of the overall market share. The primary factor for the dominance of the power sector in this segment is the extensive use in T&D of electric power. High-voltage and medium-voltage power cables are used for the transmission of electricity, while low-voltage power cables are mainly used to distribute electricity. Cable trays are used to support high-, medium-, and low-voltage power cables. Also, rising investments in the energy T&D network and refurbishment and expansion of existing networks will contribute further to increase the demand of cable trays in the power sector.  

Geographical segmentation and analysis of the cable tray market

  • Americas
  • APAC
  • EMEA

In this market study, analysts have estimated the Americas to dominate the cable tray market during the forecast period. High consumption rates in major end-verticals such power, construction, manufacturing, and IT and telecommunication are driving the growth momentum in this region. The US is the largest revenue contributor to the cable tray market in North America. The majority of the cable tray demands in the US comes from the upgrading and maintaining assignments of the electrical and communication network infrastructure. Other countries such as Canada and Mexico will also contribute significantly to the revenue of the cable trays market in the next few years. 

Key questions answered in the report include

  • What will the market size and the growth rate be in 2021?
  • What are the key factors driving the global cable tray market?
  • What are the key market trends impacting the growth of the global cable tray market?
  • What are the challenges to market growth?
  • Who are the key vendors in the global cable tray market?
  • What are the market opportunities and threats faced by the vendors in the global cable tray market?
  • Trending factors influencing the market shares of the Americas, APAC, and EMEA.
  • What are the key outcomes of the five forces analysis of the global cable tray market?

Technavio also offers customization on reports based on specific client requirement.

Related reports