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Global Cable Trays Market to reach USD 6.35 billion by the end of 2029.

Global Cable Trays Market Size study & Forecast, by Type ( Ladder, Solid Bottom, Trough, Channel, Other) By Material (Steel, Aluminum, Stainless Steel) By End-User (Power, Construction, Manufacturing, IT & Telecom, Others) and Regional Analysis, 2022-2029

Product Code: OIRIME-75217931
Publish Date: 17-04-2023
Page: 200

Global Cable Trays Market is valued at approximately USD 4.5 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 4.4% over the forecast period 2022-2029. Cable trays are a safe and feasible solution for supporting requirements of electric power, signal, control, instrumentation, and communication cables. The Cable Trays market is expanding because of factors such as increasing demand for wire bundling solutions and growing demand for cable management solutions in the telecommunication sector.

Cable tray wiring systems are preferred over equivalent conduit wiring systems in terms of safety, dependability, space, and cost. Its prevalence has progressively increased during the last few decades. According to Statista, the worldwide cable assembly market is projected to increase to around USD 220.3 billion by 2021. Furthermore, According to Next Move Strategy Consulting, the global Ethernet cable market was valued at USD 10.47 billion in 2019. By 2030, the market is forecast to have a value of USD 29.28 billion. Another important component driving space is increasing cable management solutions in the telecommunication sector. As per Statista, in 2021, the telecom services market is forecast to increase again, growing by around one per cent compared to 2020. In addition, in 2022, telecommunication services spending is expected to amount to USD 1.46 trillion, a growth of around 0.4 % from the previous year. Also, rising expenditure in the construction industry and increasing IT & telecommunication centers would create a lucrative growth prospectus for the market over the forecast period. However, the high maintenance cost of Cable Trays stifles market growth throughout the forecast period of 2022-2029.

The key regions considered for the Global Cable Trays Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, due to rising power distribution in the country during the forecast period. According to Statista, in 2021, the North American electricity transmission and distribution market generated nearly USD 97 billion in revenue, up from USD 94.2 billion in the previous year. This represented roughly 38 per cent of global electricity transmission and distribution revenue. Over the next decade, the region’s market is forecast to grow at a compound annual growth rate of 5.8%, reaching USD 158.4 billion by 2030. Furthermore, Asia Pacific is expected to grow with a highest CAGR during the forecast period, owing to factors such as growing several end-use industries, such as construction and telecommunication in the market space.

Major market player included in this report are:

Schindler Electric Global
Eaton Corporation
Hubbell Incorporated
MP Husky USA
Atkore Inc
Marco Cable Management
Voestalpine Metsec
Unitrunk Ltd
Chatsworth Products

Recent Developments in the Market:
Ø In September 2022, ABB has invested USD 13 million in its manufacturing facility in Quebec, Canada. It helps to increase production capacity and establish a research & development facility at its global center of excellence for cable tray manufacturing.

Global Cable Trays Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Material, Type, End-User, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Solid Bottom

By Material
Stainless Steel

By End-User
IT & Telecom

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Cable Trays Market, by Region, 2019-2029 (USD Billion)
1.2.2. Cable Trays Market, by Type, 2019-2029 (USD Billion)
1.2.3. Cable Trays Market, by Material, 2019-2029 (USD Billion)
1.2.4. Cable Trays Market, by End-User, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Cable Trays Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Cable Trays Market Dynamics
3.1. Cable Trays Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Surging demand for wire bundling solutions Increasing demand for cable management solution in the telecommunication sector
3.1.2. Market Challenges High maintenance cost of Cable Trays
3.1.3. Market Opportunities Rising expenditure in the construction industry Increasing IT & telecommunication centres
Chapter 4. Global Cable Trays Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Cable Trays Market, by Type
6.1. Market Snapshot
6.2. Global Cable Trays Market by Type, Performance – Potential Analysis
6.3. Global Cable Trays Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Cable Trays Market, Sub Segment Analysis
6.4.1. Ladder
6.4.2. Solid Bottom
6.4.3. Trough
6.4.4. Channel
6.4.5. Other
Chapter 7. Global Cable Trays Market, by Material
7.1. Market Snapshot
7.2. Global Cable Trays Market by Material, Performance – Potential Analysis
7.3. Global Cable Trays Market Estimates & Forecasts by Material 2019-2029 (USD Billion)
7.4. Cable Trays Market, Sub Segment Analysis
7.4.1. Steel
7.4.2. Aluminium
7.4.3. Stainless Steel
Chapter 8. Global Cable Trays Market, by End-User
8.1. Market Snapshot
8.2. Global Cable Trays Market by End-User, Performance – Potential Analysis
8.3. Global Cable Trays Market Estimates & Forecasts by End-User 2019-2029 (USD Billion)
8.4. Cable Trays Market, Sub Segment Analysis
8.4.1. Power
8.4.2. Construction
8.4.3. Manufacturing
8.4.4. IT & Telecom
8.4.5. Others
Chapter 9. Global Cable Trays Market, Regional Analysis
9.1. Cable Trays Market, Regional Market Snapshot
9.2. North America Cable Trays Market
9.2.1. U.S. Cable Trays Market Type breakdown estimates & forecasts, 2019-2029 Material breakdown estimates & forecasts, 2019-2029 End-User breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Cable Trays Market
9.3. Europe Cable Trays Market Snapshot
9.3.1. U.K. Cable Trays Market
9.3.2. Germany Cable Trays Market
9.3.3. France Cable Trays Market
9.3.4. Spain Cable Trays Market
9.3.5. Italy Cable Trays Market
9.3.6. Rest of Europe Cable Trays Market
9.4. Asia-Pacific Cable Trays Market Snapshot
9.4.1. China Cable Trays Market
9.4.2. India Cable Trays Market
9.4.3. Japan Cable Trays Market
9.4.4. Australia Cable Trays Market
9.4.5. South Korea Cable Trays Market
9.4.6. Rest of Asia Pacific Cable Trays Market
9.5. Latin America Cable Trays Market Snapshot
9.5.1. Brazil Cable Trays Market
9.5.2. Mexico Cable Trays Market
9.5.3. Rest of Latin America Cable Trays Market
9.6. Rest of The World Cable Trays Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. ABB Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Schindler Electric Global
10.2.3. Eaton Corporation
10.2.4. Hubbell Incorporated
10.2.5. MP Husky USA
10.2.6. Atkore Inc
10.2.7. Marco Cable Management
10.2.8. Voestalpine Metsec
10.2.9. Unitrunk Ltd
10.2.10. Chatsworth Products

Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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