Home > Construction > Construction Materials > Structural Materials > Cable Tray Market

Cable Tray Market Size

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

Download Free Sample

Cable Tray Market Size

Cable Tray Market size was valued at over USD 2.5 billion in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032 owing to the demand for supporting equipment in electrical signals, power & instrumentation control, and communication cables in various industries. This requirement is met by a cable system, of which a cable tray is an important component as it provides safety, improves space utilization, is cost-effective, and has a flexible style. The growing demand for cable trays in the construction industry is expected to drive market growth.

To get key market trends

Download Free Sample

A cable tray is an electrical wiring system component that holds & routes cables and wires. This system will manage the cables & wires used in various industrial, commercial, and residential applications in a safe & orderly manner. Cable trays come in a variety of sizes, shapes, and materials including metal, plastic, and fiberglass. They can be used to support a variety of electrical wire systems and are frequently located above, adjacent to, or beneath elevated floors.

Cable Tray Market Report Attributes
Report Attribute	Details
Base Year:	2022
Cable Tray Market Size in 2022:	USD 2.5 billion
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	5%
2032 Value Projection:	USD 5.5 billion
Historical Data for:	2018 - 2022
No. of Pages:	250
Tables, Charts & Figures:	322
Segments covered:	Type, Material, Coating, Application
Growth Drivers:	Increase of demand of cable tray in construction sector Increasing Infrastructure Development Rising Demand for Power and Data Communication Growing Industrialization and Manufacturing Sector Increasing Focus on Safety and Compliance
Pitfalls & Challenges:	Change in raw material prices Stringent Regulations and Compliance

Learn more about the key segments shaping this market

Download Free Sample

There are significant constraints that may hinder market growth. Changes in raw material prices may affect the profitability of cable tray manufacturers and increase product cost for consumers. Another constraint, particularly in developing countries, is the lack of skilled labor in cable tray installation & maintenance. Furthermore, due to strict government regulations governing safety & quality standards, the high cost of cable tray production & installation may be a barrier to market expansion.

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.