Cable Trays Market (Product Type – Ladder Type, Solid Bottom, Trough, Channel, Wire Mesh and Single Rail; Material – Metallic and Non-metallic; Industry Verticals – IT & Telecom, Public Infrastructure, Industrial Manufacturing, Energy & Utilities, Oil & Gas, Commercial, Residential and Others (Marine, Healthcare, Education etc.)) – Growth, Future Prospects and Competitive Analysis, 2018 – 2026, the global cable trays market was valued at US$ 2,956.9 Mn in 2017 and is set to exhibit steady CAGR during the forecast period from 2018 to 2026.
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Market Insights
Cable trays are witnessing increased preference for wiring systems due to their superior advantages over conventional electrical conduit systems. As compared to electrical conduits, cable trays offer higher safety, reliability, enhanced space utilization and lower cost. In addition, these are relatively easier to install and offer enhanced flexibility. The market is highly driven by the continually growing adoption of cable trays over other wiring methods. Over the period, cable tray vendors have introduced wide array of products, enabling their penetration across large number of applications. Thus, availability of wide range of products plays a crucial role in adoption of cable trays across different construction applications.
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Another prominent factor driving the market growth is the consistently rising construction industry worldwide. The industrial and commercial construction sector in the U.S., India and China have been demonstrating healthy growth post-economic slowdown. Considering the continually increasing adoption of cable trays, rising construction industry across the globe shows a positive sign for cable trays market growth. Nevertheless, predominant presence of electrical conduit systems in wiring systems is the major challenge for market growth. Despite the superior benefits of cable trays, electrical conduit systems enjoy higher penetration. This is mainly due to lesser confidence of consumers on safety offered by cable trays. Additionally, cable trays are suitable in relatively less number of applications as compared to electrical conduit systems.
The overall cable trays market is segmented based on product type, material, industry vertical and geography. Based on the product type, the ladder type cable trays segment lead the market. In 2017, the segment contributed to more than 60% of the total market value generated worldwide. Ladder type cable trays are among the most suitable and cost effective cable trays having application across nearly all the applications. Further, based on the geography, North America leads the overall market, closely followed by Europe. Asia Pacific is set to register the fastest growth rate in the market during the forecast period.
Cable trays market is fragmented in nature with presence of numerous regional as well as international players.
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Market players face remarkable challenges posed by fluctuating raw material prices, price pressure and complying with regulatory standards. Some of the major companies profiled in the report include Atkore International, Inc. (Allied Tube & Conduit), Chatsworth Products, Inc., Cooper Industries (Eaton Corporation), Hubbell, Inc., Chalfant Manufacturing Company, Legrand SA, Marco Cable Management, Oglaend System Group, Panduit Corporation, Schneider Electric SE, TE Connectivity Ltd., Thomas and Betts Corporation and others.
Table of content:
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Cable Trays Market
2.2 Global Cable Trays Market, by Product Type
2.3 Global Cable Trays Market, by Material
2.4 Global Cable Trays Market, by Industry Vertical
2.5 Global Cable Trays Market, by Geography
Chapter 3 Market Dynamics
3.1 Global Cable Trays Market Overview
3.1 Market Dynamics
3.1.1 Market Drivers
3.1.1.1 Rising Construction Industry Worldwide
3.1.1.2 Superior Convenience and Ease of Use of Cable Trays
3.1.1.3 Wide Availability of Cable Trays for Numerous Applications
3.1.2 Market Challenges
3.1.2.1 Volatile Raw Material Prices and High Competition
3.1.3 Impact Analysis of Drivers and Restraints
3.2 Attractive Investment Proposition, by Geography, 2017
3.3 Market Positioning of Key Players, 2017
3.3.1 Major Strategies Adopted by Key Players
Chapter 4 Global Cable Trays Market Analysis, by Product Type
4.1 Overview
4.1.1 Global Cable Trays Market Value Share, by Product Type, 2017 & 2026 (Value, %)
4.2 Ladder Type Cable Trays
4.2.1 Global Ladder Type Cable Trays Market Value, 2016 – 2026 (US$ Mn)
4.3 Solid Bottom Cable Trays
4.3.1 Global Solid Bottom Cable Trays Market Value, 2016 – 2026 (US$ Mn)
4.4 Trough Cable Trays
4.4.1 Global Trough Cable Trays Market Value, 2016 – 2026 (US$ Mn)
4.5 Channel Cable Trays
4.5.1 Global Channel Cable Trays Market Value, 2016 – 2026 (US$ Mn)
4.6 Wire Mesh Cable Trays
4.6.1 Global Wire Mesh Cable Trays Market Value, 2016 – 2026 (US$ Mn)
4.7 Single Rail Cable Trays
4.7.1 Global Single Rail Cable Trays Market Value, 2016 – 2026 (US$ Mn)
Chapter 5 Global Cable Trays Market Analysis, by Material
5.1 Overview
5.1.1 Global Cable Trays Market Value Share, by Material, 2017 & 2026 (Value, %)
5.2 Metallic
5.2.1 Global Metallic Cable Trays Market Value, 2016 – 2026 (US$ Mn)
5.2.2 Global Galvanized Steel Cable Trays Market Value, 2016 – 2026 (US$ Mn)
5.2.3 Global Aluminum Cable Trays Market Value, 2016 – 2026 (US$ Mn)
5.2.4 Global Stainless Steel Cable Trays Market Value, 2016 – 2026 (US$ Mn)
5.3 Non-metallic Cable Trays
5.3.1 Global Non-metallic Cable Trays Market Value, 2016 – 2026 (US$ Mn)
Chapter 6 Global Cable Trays Market Analysis, by Industry Vertical
6.1 Overview
6.1.1 Global Cable Trays Market Value Share, by Industry Vertical, 2017 & 2026 (Value, %)
6.2 IT & Telecommunication
6.2.1 Global Cable Trays Market Value from IT & Telecom, 2016 – 2026 (US$ Mn)
6.3 Public Infrastructure
6.3.1 Global Cable Trays Market Value from Public Infrastructure, 2016 – 2026 (US$ Mn)
6.4 Industrial Manufacturing
6.4.1 Global Cable Trays Market Value from Industrial Manufacturing, 2016 – 2026 (US$ Mn)
6.5 Energy & Utilities
6.5.1 Global Cable Trays Market Value from Energy & Utilities, 2016 – 2026 (US$ Mn)
6.6 Oil & Gas
6.6.1 Global Cable Trays Market Value from Oil & Gas, 2016 – 2026 (US$ Mn)
6.7 Residential Construction
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