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According to a market report by Lucintel, the future of the global cable tray market looks promising with opportunities in the power, IT & telecom, manufacturing, and construction industries. The global cable tray market is expected to reach an estimated $3.8 billion by 2028 with a CAGR of 7.2% from 2023 to 2028. The major drivers for this market are increasing demand for dependable and effective power distribution systems, growing adoption of renewable energy sources, along with advancement in infrastructure in developing nations.



Steel, stainless steel, and aluminum are the different segments of cable tray market by material type. Lucintel forecasts that aluminum will remain the largest segment over the forecast period owing to its properties, such as enhanced load-bearing capacity, high strength-to-weight ratio and low maintenance cost associated with it.



Within this market, construction will remain the largest segment due to rapid urbanization in the emerging nations and rising number of smart building projects such as, construction of new houses, hospitals, and shopping centers

APAC will remain the fastest growing region over the forecast period due to significantly growing telecommunication sector, growing demand for new power generation plants, along with increasing investments in emerging information technologies in the region.



Atkore International, Schneider Electric, Hoffman, Eaton, ABB, Enduro Composites, Niedax Group, Cooper Industries, Chatsworth Products, Legrand, and Hubbell are the major suppliers in the global cable tray market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global cable tray market by product type, material type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Cable Tray Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global cable tray market by product type, material type, end use industry, and region, as follows:


Cable Tray Market by Product Type [Shipment Analysis by Value from 2017 to 2028]:




  • Ladder Cable Trays


  • Trough Trays


  • Solid Botton Cable Trays


  • Wire Mesh Cable Trays


  • Others



Cable Tray Market by Material Type [Shipment Analysis by Value from 2017 to 2028]:




  • Steel


  • Stainless Steel


  • Aluminum


  • Others



Cable Tray Market by End Use Industry [Shipment Analysis by Value from 2017 to 2028]:




  • Power


  • IT & Telecom


  • Manufacturing


  • Construction


  • Others



Cable Tray Market by Region [Shipment Analysis by Value from 2017 to 2028]:




  • North America


  • Europe


  • Asia Pacific


  • The Rest of the World



This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 


About Lucintel



Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 


This report answers the following 11 key questions:



Q.1. What are some of the most promising, high-growth opportunities for the global cable tray market by product type (ladder cable trays, trough trays, solid botton cable trays, wire mesh cable trays, and others), material type (steel, stainless steel, aluminum, and others), end use industry (power, IT & telecom, manufacturing, construction, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?