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Cable Tray Market Share

Report ID: GMI5854
Published Date: Nov 2024
Report Format: PDF

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Cable Tray Market Share

Global Cable Tray Market Company Share Analysis (2023)

In 2023, key companies like Niedax Group, EAE Group, MP Husky, Panduit, and Snake Tray held a combined market share of 10%-15%. These companies are actively engaging in mergers, acquisitions, facility expansions, and collaborations to enhance their product portfolios, reach more customers, and strengthen their market positions.

Leading companies in the market focus on product innovation and customization to meet diverse industry needs. Modular cable tray systems, which are easily adjustable and extendable, are becoming more popular. Additionally, cable trays made from fiberglass, aluminum, and stainless steel are designed to meet specific environmental and safety standards, especially in high-temperature or hazardous environments. As demand grows in Asia-Pacific and Latin America, global manufacturers are expanding operations and strengthening regional distribution networks.

Cable Tray Market Companies

Major players operating in the cable tray industry are:

ABB
Atkore
Basor
EAE Group
Eaton
Elcon
Igus
Legrand
MP Husky
Niedax Group
Panduit
Power Utility Products
Selco
Snake Tray
Unex

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global cable tray industry was valued at USD 4.2 billion in 2023 and is estimated to grow at a CAGR of over 6.8% from 2024 to 2032, driven by infrastructure development and technological advancements.

The ladder segment recorded USD 1.6 billion in 2023 and is expected to grow at a CAGR of around 7.1% from 2024 to 2032 due to its suitability for large cable volumes and better ventilation.

The U.S. cable tray market was valued at USD 900 million in 2023 and is projected to grow at a CAGR of over 6.6% from 2024 to 2032, driven by industrial expansion and increased demand for efficient cable management solutions.

Key players in the industry include ABB, Atkore, Basor, EAE Group, Eaton, Elcon, Igus, Legrand, and MP Husky.