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Cable Trays Market Size, Industry Analysis Report By Type (Ladder type cable trays, Solid bottom cable trays, Trough cable trays, Channel cable trays, Wire mesh cable trays, Single rail cable trays), By Material (aluminium, steel, stainless steel), By Finishing (galvanized coatings, pre-galvanised, hot-dip galvanised), By Application (power, construction, manufacturing, IT and Telecommunications) & Region – Forecast

  • PUBLISHED ON
  • NO OF PAGES
  • 233
  • CATEGORY
  • Machinery & Heavy Industry
The Cable Trays Market: Overview
The Cable Trays Market is valued at around USD 4.7 billion in 2022 and is expected to reach USD 7.2 billion by 2030, registering a CAGR of 4.4% over the forecast period. A metal structure called a cable tray is used to manage and safeguard cables. Use of a cable tray is crucial because it prevents damage to the cables, facilitates problem detection and troubleshooting, and improves ventilation. The needs of electrical signals, power, instrumentation, control, and communication cables can be supported by cable trays. They are more dependable, safer, improve space utilisation, and are less expensive. Since cable trays come in a variety of shapes and sizes, they are versatile and very helpful when wiring systems alter.

The Cable Trays Market - Growth Factor
The global demand for proper wire bundling solutions has increased, which has boosted cable tray sales. The market for cable trays is expanding in part because to the strict laws and regulations in place to maintain worker safety. Compared to the conventional approach, the cable trays provide the cables with more support. The fact that the cable trays can accept a variety of cable types makes them popular with end users. The market for cable trays is expected to benefit from the booming telecommunications sector. Additionally, the leading players' innovations draw more end consumers, giving the industry a chance to expand. Overall, it is projected that during the next few years, the market for cable trays would expand quickly.

The Cable Trays Market – Market Trends
• The demand for wire management systems, including cable trays, is being fuelled by the increase in setups across a range of end-use industries, including energy and power, building & construction, and others.
• Increased demand for cable trays is a result of infrastructure expansion in order to provide suitable cable management systems and to guarantee safety. The demand for cable trays has increased as a result of the surge in end-user demand for suitable and secure cable bundling solutions.
• Additionally, the rising cost of building new infrastructure boosts the sales of cable trays. Demand for cable trays is expected to be driven by industrial establishments engaged in renovation and improvement projects in existing buildings to achieve energy efficiency goals.

The Cable Trays Market – Segmentation
The Cable Trays Market fragrance concentrates market has been sub-classified into type, material, finishing, application.

On the basis of type, the Cable Trays Market is bifurcated into:
• Ladder type cable trays
• Solid bottom cable trays
• Trough cable trays
• Channel cable trays
• Wire mesh cable trays
• Single rail cable trays
• others

On the basis of material, the market is segmented into:
• aluminium
• steel
• stainless steel
• others

On the basis of finishing, the market segmented into:
• galvanized coatings
• pre-galvanised
• hot-dip galvanised
• others

On the basis of application, the market segmented into:
• power
• construction
• manufacturing
• IT and Telecommunications

The Cable Trays Market –Regional Analysis
North America dominated the global Cable Trays Market, it is anticipated that the same will control about 81% of the market value share of North American cable trays. The primary driver of the need for cable trays in the US is the workplace safety law. The United States Department of Labor's ""Occupational Safety and Health Standards"" document outlines the general requirements for employee safety and the use of cable trays in the workplace.

The Cable Trays Market – Key Market players
Global key players of Cable Trays Market include Atkore International Group Inc., Hoffman, Enduro Composites, Cooper Industries, Legrand SA, Oglaend System, Panduit Corporation, and Hubbell.

Report scope
Global Cable Trays Market: Historical Years- 2018-2021
Global Cable Trays Market: Forecast Years- 2022-2030
Global Cable Trays Market 2022- USD 4.7 billion
Global Cable Trays Market 2030- USD 7.2 billion
Global Cable Trays Market CAGR- 4.4%

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
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  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
  • Monitor client satisfaction
  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.


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