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Cable Tray Market Share

Report ID: GMI5854
Published Date: May 2023
Report Format: PDF

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Cable Tray Market Share

Some of the major players operating in the cable tray market are

ABB
Atkore International
Schneider Electric
Chalfant
Basor Electric SA
MP Husky
Oglaend System Group
SnakeTray
TechLine Mfg.
Eaton Corporation
Panduit Corp
Chatsworth Products, Inc.
Niedax Group
WIREMAID USA
Vantrunk
Enduro Composites Inc.
Legrand
Hubbell incorporated

These players focus on strategic partnerships, new product launches, and commercialization methods for market expansion. Furthermore, these players are heavily investing in research, allowing them to introduce innovative products and garner maximum market revenue.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

Global market size for cable tray exceeded USD 2.5 billion in 2022 and is anticipated to record significant growth at over 5% CAGR from 2023 to 2032 owing to the high demand for supporting equipment in electrical signals, power & instrumentation control, and communication cables in various industries.

The ladder cable trays segment generated more than USD 1 billion in revenue in 2022 and is estimated to record robust growth through 2032 attributed to their increasing deployment for applications that require the routing of multiple cables due to their high cable capacity.

Asia Pacific held over 30% revenue share in the global cable tray industry share in 2022 and is poised to depict lucrative growth driven by increasing construction activities and the booming IT & telecommunications industry.

ABB, Atkore International, Schneider Electric, Chalfant, Basor Electric SA, MP Husky, Oglaend System Group, SnakeTray, TechLine Mfg., Eaton Corporation, Panduit Corp, Chatsworth Products, Inc., Niedax Group, WIREMAID USA, Vantrunk, Enduro Composites Inc., Legrand, and Hubbell incorporated are some of the major firms operating in the market.