pune, March 03, 2023 (GLOBE NEWSWIRE) -- "Cable Tray Market" research report focus on overall information that can help to take decisions on current market situation.
Cable Tray Market Report Contains 2023: -
- Complete overview of the global Cable Tray Market
- The latest research study on the global Cable Tray market finds that the global Cable Tray market reached a value of USD 2784.48 million in 2022. It’s expected that the market will achieve USD 4208.6 million by 2028, exhibiting a CAGR of 7.13% during the forecast period.
- Top Country data and analysis for United States, Canada, Mexico, Germany, France, United Kingdom, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil and Saudi Arabia, etc. It also throws light on the progress of key regional Cable Tray Markets such as North America, Europe, Asia-Pacific, South America and Middle East and Africa
- Description and analysis of Cable Tray market potential by type, Deep Dive, disruption, application capacity, end use industry
- impact evaluation of most important drivers and restraints, and dynamics of the global Cable Tray Market and current trends in the enterprise
- Detailed profiles of the Top major players in the industry, including. PUK Group,Cope/Atkore,Niedax Group,Korvest,Schneider Electric,Daqo Group,Unitech,Pemsa Cable Management,DKC Company,Basor Electric,Unistrut/Atkore,Thomas & Betts/ABB,OBO Bettermann,Marco Cable Management/Atkore,Cooper B-Line/Eaton,HUAPENG,Oglaend/Hilti,Legrand
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Cable Tray Market Segmentation: -
GLOBAL CABLE TRAY MARKET RESEARCH REPORT 2023-COMPETITIVE ANALYSIS, STATUS AND OUTLOOK BY TYPE, DOWNSTREAM INDUSTRY, AND GEOGRAPHY, FORECAST TO 2029)
Cable trays are used to provide mechanical protection in an environment where a large number of power control cables work. In addition to providing mechanical protection, these cables are also designed to provide a perfect routing path for power or control cables. These cables can be either overhead cables or underground cables.
There are a variety of cable trays of different materials to choose from. Cable tray manufacturers use galvanized steel, aluminum, stainless steel and glass fiber reinforced plastics to manufacture cable trays. The choice of cable tray depends entirely on the use and installation environment. The installation environment here refers to consideration of electrical factors and corrosion.
In terms of product innovation, steel cable trays, because the structural strength of the profile is higher than that of ordinary plane plates, it is possible to use machine drawing or pressing processes to change the shape of the plane plate of the cable tray to increase the strength, such as the main structure of the cable tray The middle bottom plate, side edges, and cover plates are all made of corrugated structure, or pressed into a block-like concave-convex structure similar to the covering tape, which increases the strength of the cable tray while increasing the heat dissipation area, and its structure is convenient for ventilation and heat exchange, and also reduces The energy consumption of cables laid in the cable tray. The structure can meet the original load-bearing capacity requirements by using a thick bottom plate. This will greatly reduce the amount of raw materials used. If further research is carried out in this direction, there should be more new types in the future. The cable tray is produced.
Increase in downstream demand
With the strong development of related industries, the market demand for cable trays is also increasing. Take the construction industry as an example. With the continuous development of the economy, countries are also constantly strengthening their own various infrastructure constructions in order to increase the overall national strength. More and more infrastructure construction projects require a large number of cable trays, which promotes the development of the cable tray industry. In addition, the world’s population is still increasing. The growing population has driven the growing demand for residential and commercial buildings, which is also the driving force for the development of the cable tray industry.
The spread of the new crown epidemic
The outbreak of the new crown pneumonia epidemic has slowed down the entire logistics of cable tray products and endangered production and use around the world. COVID-19 continues to spread every day, negatively affecting communities and businesses. The growth of multiple industries will be significantly affected, while many other markets may not be harmed and show good growth opportunities. Due to the declining demand for end-use products and the suspension or reduction in production, the COVID-19 pandemic has severely affected the upstream raw material market, thereby hampering the cable tray market.
Asia-Pacific had the highest growth rate of all regions
Niedax Group is one of the major players operating in the Cable Tray market, holding a share of 9.52% in 2021.
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Niedax Group
Niedax has always been synonymous with modern electrical systems. The existing product portfolio of more than 50,000 products covers all cable management systems in projects including industrial plants, office complexes, power plants and sports stadiums.
Legrand
Legrand designs and manufactures electrical devices. The Company offers switches, sockets, fuses, cables, security systems, circuit breakers, solar energy panels, energy management components, and accessories. Legrand serves office, hotels, shopping centers, residential, and data centers.
Among different product types, Aluminum segment is anticipated to contribute the largest market share in 2027.
By application, the Construction & Utility segment occupied the biggest share from 2017 to 2022.
The report covers a research time span from 2018 to 2029; combines extensive quantitative analysis and exhaustive qualitative analysis; presents not only an overview of the global Cable Tray market in metrics of sales, revenue, growth rate, but also a deeper dive into the segmented market by region, product type and downstream industry, showing the readers a clear and distinct picture of how the market is distributed from different perspectives.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Research Scope
This report provides an overview of the global Cable Tray market and analyzes the segmented market by product type, downstream industry, and region, presenting data points such as sales, revenue, growth rate, explaining the current status and future trends of the Cable Tray and its sub-markets in an intuitive way.
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researcher’s latest report provides a deep insight into the global Cable Tray Market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
Cable Tray Market segments help decision-makers direct the product, sales, and marketing strategies, and can power your product development cycles by informing how you make product offerings for different segments.
basis of types, the Cable Tray market from 2018 to 2029 is primarily split into:
- Steel
- Aluminum
- FRP
basis of Downstream Industry, the Cable Tray market from 2018 to 2029 covers:
- IT and Telecom
- Manufacturing
- Construction & Utility
- Oil and Gas
- Others
Market segment by Region/Country including: -
- North America (United States, Canada, and Mexico)
- Europe (Germany, UK, France, Italy, Russia and Spain, etc.)
- Asia-Pacific (China, Japan, Korea, India, Australia, Southeast Asia, etc.)
- South America (Brazil, Argentina, Colombia, etc.)
- Middle East & Africa (South Africa, UAE, Saudi Arabia, etc.)
Key Players in the Cable Tray Market: -
- PUK Group
- Cope/Atkore
- Niedax Group
- Korvest
- Schneider Electric
- Daqo Group
- Unitech
- Pemsa Cable Management
- DKC Company
- Basor Electric
- Unistrut/Atkore
- Thomas & Betts/ABB
- OBO Bettermann
- Marco Cable Management/Atkore
- Cooper B-Line/Eaton
- HUAPENG
- Oglaend/Hilti
- Legrand
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Key Benefits of Cable Tray Market Research Report:
- Types, applications, regions, and key players covered in the study
- Industry drivers, restraints, and opportunities covered in the study
- Recent industry trends and developments
- Competitive landscape & strategies of key players
- Historical, current, and projected market size, in terms of value
- In-depth analysis of the Artificial Intelligence AI Chips Market
- Sales, price, revenue, market share, and growth rate are covered in the report sales channels, distributors, traders, dealers, etc. are covered in the report
Key Factors Considered
COVID-19
Amid the COVID-19 crisis, the Cable Tray market has definitely taken a hit. The report describes the market scenario during and post the pandemic in the vision of upstream raw materials, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it’s going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Chapter Outline
Chapter 1 starts the report with a brief overview of the research scope, as well as the definitions of the target market and the subdivisions.
Chapter 2 integrates and sketches the research findings and conclusions in a clear and explicit way.
Chapter 3 presents the competitive landscape by displaying the sales, revenue, and market shares of the top players. It also profiles the major market participants with their business introductions, sales, price, revenue, gross, growth rates, etc.
Chapter 4 breaks down the market by different product types and shares data correspondingly with the aim of helping the readers know how the market is distributed by type.
Chapter 5 segments the market by downstream industry, with data covers sales, revenue, and growth rate tracing back to 2018.
Chapter 6 is the analysis of the whole market industrial chain, ranging from upstream raw materials to downstream customers, with regional conflicts taken into consideration.
Chapter 7 elaborates on market dynamics. Factors that drive, challenge, or restrain the market are all listed, together with industry news, opportunities, impacts of COVID-19, and SWOT analysis.
Chapter 8 shows the breakdown data at the regional level, which enables the readers to picture the regional competitive pattern of the market and learn about the revenue, sales, and market share of all the major regions.
Chapter 9-13 focus on each and every of the major region, specifically, North America, Europe, Asia Pacific, Latin America, Middle East & Africa. Sales, price, revenue, gross, gross margin, among others, will be all be presented.
Chapter 14 forecasts the future trend of the market not only as a whole but also from the perspective of all segments.
Years considered for this report:
- Historical Years: 2018-2022
- Base Year: 2022
- Estimated Year: 2023
- Forecast Period: 2023-2029
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1.To study and analyze the global Cable Trayconsumption (value) by key regions/countries, product type and application
2.To understand the structure of Cable Tray Market by identifying its various sub segments.
3.Focuses on the key global Cable Traymanufacturers, to define, describe and analyze the value, market share, market competition landscape, Porter's five forces analysis, SWOT analysis and development plans in next few years.
4.To analyze the Cable Tray with respect to individual growth trends, future prospects, and their contribution to the total market.
5.To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
6.To project the consumption of Cable Tray submarkets, with respect to key regions (along with their respective key countries).
7.To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
8.To strategically profile the key players and comprehensively analyze their growth strategies.
Key Reasons to Purchase
To gain insightful analyses of the market and have comprehensive understanding of the global Cable Tray Market and its commercial landscape.
Assess the production processes, major issues, and solutions to mitigate the development risk.
To understand the most affecting driving and restraining forces in the Cable Tray Market and its impact in the global market.
Learn about the Cable Tray Market strategies that are being adopted by leading respective organizations.
To understand the future outlook and prospects for the Cable Tray Market.
Besides the standard structure reports, we also provide custom research according to specific requirements
Client Focus
1. Does this report consider the impact of COVID-19 and the Russia-Ukraine war on the Cable Tray market?
Yes. As the COVID-19 and the Russia-Ukraine war are profoundly affecting the global supply chain relationship and raw material price system, we have definitely taken them into consideration throughout the research, and we elaborate at full length on the impact of the pandemic and the war on the Cable Tray,Industry.
2. How do you determine the list of the key players included in the report?
With the aim of clearly revealing the competitive situation of the industry, we concretely analyze not only the leading enterprises that have a voice on a global scale, but also the regional small and medium-sized companies that play key roles and have plenty of potential growth.
Please find the key player list in Summary.
3. What are your main data sources?
Both Primary and Secondary data sources are being used while compiling the report.
Primary sources include extensive interviews of key opinion leaders and industry experts (such as experienced front-line staff, directors, CEOs, and marketing executives), downstream distributors, as well as end-users.
Secondary sources include the research of the annual and financial reports of the top companies, public files, new journals, etc. We also cooperate with some third-party databases.
4. Can I modify the scope of the report and customize it to suit my requirements?
Yes. Customized requirements of multi-dimensional, deep-level and high-quality can help our customers precisely grasp market opportunities, effortlessly confront market challenges, properly formulate market strategies and act promptly, thus to win them sufficient time and space for market competition.
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