Cable Trays Market: Global Industry Size, Share, Growth, Trends, Analysis and Forecast 2018 to 2026

According to a new market research report published by Credence Research, “Cable Trays Market – Growth, Future Prospects, and Competitive Analysis, 2018 – 2026”, the global market for cable trays was valued at US$ 2,956.9 million in 2017 and is set to exhibit steady CAGR during the forecast period from 2018 to 2026.

Market Insights

Cable trays have increased preference for wiring systems due to their superior advantages over conventional electrical conduit systems. In comparison to electrical conduits, cable trays offer higher safety, reliability, increased space utilization and lower costs. In addition, they are relatively easier to install and offer increased flexibility. The market is strongly driven by the ever-increasing adoption of cable trays over other wiring methods. Over the years, cable tray vendors have introduced a wide range of products, allowing them to penetrate a wide range of applications. As a result, the availability of a wide range of products plays a crucial role in the adoption of cable trays across different construction applications.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/cable-trays-market

Another key driver of market growth is the ever-increasing construction industry worldwide. The industrial and commercial construction sector in the U.S., India and China has shown a healthy post-economic slowdown in growth. Given the ever-increasing adoption of cable trays, the growing construction industry across the globe is showing a positive sign of market growth for cable trays. However, the predominant presence of electrical duct systems in wiring systems is a major challenge for market growth. In spite of the superior advantages of the cable trays, the electrical duct systems enjoy higher penetration. This is mainly due to less consumer confidence in the safety of cable trays. In addition, cable trays are suitable for a relatively small number of applications compared to electrical duct systems.

The overall market for cable trays is segmented by product type, material, vertical industry and geography. Based on the product type, the segment of the ladder type cable trays is market leader. In 2017, the segment contributed more than 60% of the total market value generated worldwide. Ladder type cable trays are among the most suitable and cost effective cable trays for use in almost all applications. Furthermore, based on geography, North America is leading the overall market, followed closely by Europe. Asia Pacific is set to record the fastest rate of growth on the market during the forecast period.

The market for cable trays is fragmented by nature, with the presence of numerous regional and international players. Market players face considerable challenges due to fluctuating raw material prices, price pressure and compliance 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.

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59362

 [Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Product Type Segment

  • Ladder Type Cable Trays
  • Solid Bottom Cable Trays
  • Trough Cable Trays
  • Channel Cable Trays
  • Wire Mesh Cable Trays
  • Single Rail Cable Trays

By Material Segment

  • Metallic
    • Galvanized Steel
    • Aluminum
    • Stainless Steel
  • Non-metallic

By Industry Vertical Segment

  • IT & Telecommunication
  • Public Infrastructure
  • Industrial Manufacturing
  • Energy & Utilities
  • Oil & Gas
  • Commercial Construction
  • Residential Construction
  • Others (Marine, Healthcare, Education etc.)

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59362

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