Cable Tray Market by End-user and Geography - Forecast and Analysis 2021-2025

The cable tray market share is expected to increase by USD 3.20 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10.64%.

This cable tray market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cable tray market segmentations by end-user (commercial, industrial, and residential) and geography (APAC, North America, Europe, South America, and MEA). The cable tray market report also offers information on several market vendors, including ABB Ltd., Atkore International Group Inc., Chatsworth Products Inc., Eaton Corporation Plc, Hubbell Inc., Legrand SA, OBO BETTERMANN Holding GmbH & Co. KG, Schneider Electric SE, TransDelta International Industries LLC, and voestalpine AG among others.

What will the Cable Tray Market Size be During the Forecast Period?

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Cable Tray Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The increased investments in data centers is notably driving the cable tray market growth, although factors such as slowdown in manufacturing output may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cable tray industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cable Tray Market Driver

One of the key factors driving the cable tray market is the increased investments in data centers. Cable trays are used in designing the communication and power cable infrastructure in data centers. Rapid growth in data traffic due to factors such as increasing penetration of the IoT, developments in wired and wireless communication technologies, and rising deployment of AI across industries, is increasing the need for data centers, which, in turn, is driving the demand for effective cable management systems, such as cable trays. In July 2018, Netmagic Solutions, a wholly owned subsidiary of NTT Communications, an India-based cloud and managed IT services provider, announced the launch of two new high-density and hyperscale data centers. The parent company, NTT Communications, invested $144 million in setting up these two new facilities. In addition, cable trays help in space and cost-saving as compared to conduits. Thus, they are highly preferred in data centers for cable management purposes. Therefore, the growing investments in data centers will drive the demand for cable trays during the forecast period.

Key Cable Tray Market Trend

Rising focus on high-speed network connectivity is another factor supporting the cable tray market growth in the forecast period. The advent of 5G telecommunication technology is expected to play a significant role in the global cable tray market. 5G will enable low-latency, high bandwidth communication between devices and networks, which is expected to address the mobile connectivity issues for IoT devices in the future. Therefore, telecommunication network infrastructure and service providers are deploying cellular base stations in rural, urban, and suburban areas. These base stations include a significant number of power cables and communication to accommodate high-density connections, so cable tray systems are used to structure the cables that traverse in these base stations. Furthermore, the increasing deployment of cellular base stations for providing high-speed network connectivity will accelerate the demand for cable trays for base stations and the telecommunication industry. Therefore, the growing investments in the development of high-speed network infrastructure will drive the demand for cable trays during the forecast period.

Key Cable Tray Market Challenge

Slowdown in manufacturing output will be a major challenge for the cable tray market during the forecast period. Factors such as fluctuating prices of oil and gas and metals across the globe, slowdown in the global automotive industry, and shortage of skilled workforce have directly affected the overall OPEX and profitability of the manufacturing companies. Furthermore, a sudden and unexpected shift in the market dynamics can drastically impact manufacturing processes and the investment scenario in the oil and gas and metal industries. For instance, the fall in oil prices between 2019 and 2020 had a drastic impact on the investments and resulted in project cancelation and industry layoffs. Moreover, cable tray systems find major applications in the oil and gas and automotive industries. Such an uncertain industrial environment has directly affected the investment scenario and new construction activities in these industries, thereby hampering the demand for cable trays.

This cable tray market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global cable tray market as a part of the global electrical components and equipment market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cable tray market during the forecast period.

Who are the Major Cable Tray Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• ABB Ltd.
• Atkore International Group Inc.
• Chatsworth Products Inc.
• Eaton Corporation Plc
• Hubbell Inc.
• Legrand SA
• OBO BETTERMANN Holding GmbH & Co. KG
• Schneider Electric SE
• TransDelta International Industries LLC
• voestalpine AG

 

This statistical study of the cable tray market encompasses successful business strategies deployed by the key vendors. The cable tray market is fragmented and the vendors are deploying growth strategies such as organic and inorganic strategies to compete in the market.

Product Insights and News

• ABB Ltd. - The company designs and manufactures cable tray systems, such as perforated trays, cable ladders, channel trays, and struts (metal framing) in its manufacturing facilities located in Canada and Saudi Arabia.
• Eaton Corporation Plc. - The company designs and manufactures cable trays and ladder systems under its B-Line series. Its product portfolio includes Flextray wire mesh basket trays for commercial and data center cable management and Imperial cable tray and ladders for commercial, industrial, and oil and gas cable management applications.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cable tray market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cable Tray Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cable tray market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

 

Which are the Key Regions for Cable Tray Market?

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36% of the market's growth will originate from APAC during the forecast period. China, and Japan are the key markets for cable tray in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The increase in spending on commercial and industrial infrastructure projects will facilitate the cable tray market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

To contain the spread of COVID-19, the governments of several countries in APAC imposed lockdowns during the first half of 2020. The governments in various APAC countries announced stimulus packages to help the recovery of various industries. This helped the industrial sector to recover slowly. The last quarter of 2020 saw the resumption of industrial activities to pre-COVID-19 levels. Such developments are expected to continue, which will drive the market demand for cable trays during the forecast period.

What are the Revenue-generating End-user Segments in the Cable Tray Market?

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The cable tray market share growth by the commercial segment will be significant during the forecast period. The rising number of data centers and IT hubs is providing high growth opportunities for cable tray vendors. The increasing amount of data being generated across industries has augmented the need for a higher number of data centers across the globe.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cable tray market size and actionable market insights on post COVID-19 impact on each segment.

 

Cable Tray Market Scope
Report Coverage	Details
Page number	120
Base year	2020
Forecast period	2021-2025
Growth momentum & CAGR	Accelerate at a CAGR of 10.64%
Market growth 2021-2025	$ 3.20 billion
Market structure	Fragmented
YoY growth (%)	9.45
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 36%
Key consumer countries	US, China, Germany, Japan, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	ABB Ltd., Atkore International Group Inc., Chatsworth Products Inc., Eaton Corporation Plc, Hubbell Inc., Legrand SA, OBO BETTERMANN Holding GmbH & Co. KG, Schneider Electric SE, TransDelta International Industries LLC, and voestalpine AG
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Cable Tray Market Report?

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive cable tray market growth during the next five years
• Precise estimation of the cable tray market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the cable tray industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of cable tray market vendors

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