; Cable Tray Market Size, Share, Forecast, 2032

Cable Tray Market

Cable Tray Market Size, Share, and Analysis, By Type (Ladder, Solid Bottom, Trough, Channel, Wire Mesh, Single Rail), By Material (Aluminum, Steel, Stainless Steel), By Finishing (Galvanized Coatings, Pre-galvanized, Hot-dip Galvanized), By End-User (Power, Construction, Manufacturing, IT and Telecommunication, and Others), and By Region (North America, Europe, Asia-Pacific, And Rest of the World) And Regional Forecast 2024-2034

Published on: Dec-2023
Report Code: FG EP 01776
No. of Pages: 170-350
Report Format: PDF

Cable Tray Market is projected to grow at a CAGR of 7.8% in the forecast period (2024-2034), with the market size valued at USD 4.4 billion in 2023 and expected to reach USD 10 billion by 2034.

Product Overview

Cable tray is a mechanical structural system designed to support and manage cables used in construction or industrial settings for power distribution and communication. It consists of a strong, open-framework structure made of rigid materials such as steel, aluminum, or fiberglass. The main objective of a cable tray is to provide a safe and organized path for cables, avoiding entanglement and allowing easy access for maintenance. These trays come in several types, including ladder, perforated, and wire mesh, with each offering a different level of support and ventilation. They are commonly installed in ceilings, walls, or along floors as an economical and efficient solution to safeguard complex networks of electrical and data cables within a building or facility.

Source: Fatpos Global

Market Highlights

Cable Tray Market is expected to exhibit a CAGR of 7.8% during the forecast period, 2024-2034

Cable Tray Market is anticipated to reach USD 10 billion, growing at a CAGR of 7.8% during the forecast period, driven by the escalating infrastructure development, industrialization, and the need for efficient cable management systems across multiple sectors. This expansion is significantly influenced by rising urbanization and construction activities, particularly in emerging economies. The investments in power generation, renewable energy, and the expansion of IT and telecommunication networks are essential drivers of market growth. These factors highlight the need for effective cable tray solutions, which are crucial for organizing cables across multiple industries. Additionally, the market depends on new innovations in material which emphasizes on strength, resistance to corrosion, and easier installation methods. Furthermore, intense competition encourages manufacturers to focus on technological improvements and new product offerings to stay relevant with the changing demands of global industries.

Source: Fatpos Global

Cable Tray Market Segmentation

Wire Mesh segment will expand owing to its unique characteristics for efficient cable management

Based on Type, the Cable Tray Market is divided into Ladder, Solid Bottom, Trough, Channel, Wire Mesh, Single Rail. Wire mesh segment is expected to dominate the market due to the unique characteristics it offers, such as lightweight, sturdiness, flexible to diverse environments, and an affordable & durable solution for efficient cable management. Wire mesh trays provide excellent ventilation, which is important in settings where heat dissipation is critical, such as data centers and various commercial applications. Their open design promotes effective airflow around cables, which helps to maintain ideal temperature control. Therefore, wire mesh cable trays are becoming increasingly popular for efficient cable management solutions due to their versatility in handling heat-sensitive installations, highlighting their importance across industries.

Aluminum segment will dominate due to its suitability for cable trays

By Material, the Cable Tray Market is typically segmented into Aluminum, Steel, and Stainless-Steel. Aluminum leads the market and is expected to grow significantly, owing to the inherent characteristics of aluminum cable trays, such as exceptional durability, corrosion resistance, and other beneficial properties. Aluminum trays are resistant to the severe environmental conditions encountered in various industries, such as mining, oil and gas, and electrical cogeneration. Their durability makes them suitable for indoor and outdoor applications, which is highly valued across industries. Additionally, aluminum cable trays provide weight and cost benefits over alternatives such as steel or stainless steel, due to which they are more manageable during installation. This reduces labor costs and makes them suitable for overhead installations where weight can be a significant hurdle. Therefore, aluminum trays are becoming increasingly popular as industries seek strong and flexible cable management solutions.

Source: Fatpos Global

Market Dynamics

Growth Drivers

Growing Infrastructure Development Will Encourage Industry Expansion

Cable tray market is witnessing a significant growth due to expanding infrastructure and construction activities, prevalent in developing economies. The increased urbanization and industrialization create an urgent need for effective cable management systems. These trays are becoming increasingly popular with the expansion of developing cities and require reliable networks for power distribution, data connectivity, and communication. They play an essential role in maintaining and arranging these complex networks inside buildings and businesses. Additionally, the construction boom in the residential, commercial, and industrial sectors highlights the importance of efficient cable management systems. Therefore, this sustained demand drives the market growth as cable trays become essential for efficiently managing cables, assisting with maintenance, and facilitating infrastructure upgrades.

Rising Investments in Power and Telecommunication Will Promote Market Growth

Cable tray market is expanding rapidly as a result of increased investments in power generation and ongoing expansion of IT and telecommunication networks. The growing emphasis on renewable energy initiatives and the upgradation of power distribution systems, are driving demand for effective cable management solutions. The requirement for sophisticated cable trays that can handle larger capacities and complex networks is increasing as multiple industries are modernizing their infrastructure and technology facilities. The expansion of telecommunications networks and the incorporation of 5G infrastructure are significant growth drivers in the market. Furthermore, cable trays play a crucial role in cable management and protection, allowing for seamless data transmission and efficient power distribution across networks. This alignment with the evolving needs of the power and telecommunications sectors will maintain the market’s upward trajectory.

Restraints

Alternative Solutions and Ongoing Technological Advancements May Limit Market Expansion

Alternate cable management solutions and the evolution of technology are significant restraints for the cable tray market. The continuous advancement of industries promotes innovation and the development of diverse cable management options, such as conduit systems, raceways, and specialized cable tray installations in elevated floors or overhead grids. These alternatives compete with traditional cable tray solutions and offer multiple benefits to meet specific requirements. Additionally, technological developments in wireless communication and power transmission systems present new alternatives that could reduce dependance on physical cable infrastructure. Furthermore, the cost of installing and maintaining cable trays, particularly in large projects, is a significant challenge. The overall cost-effectiveness of using cable trays can be impacted by a number of factors, such as labor costs, material costs, and the requirement for routine maintenance, which prevents resource-constrained industries from adopting this solution.

Recent Developments

  • In January 2023, Snake Tray unveiled their top-notch wire basket tray, the 801 Series Mega Snake Cable Tray. It costs a lot less to install and is much more versatile than a steel ladder, but it is still stronger.
  • Atkore Inc. purchased the assets of Talon Products, LLC in May 2022. It is a provider of injection-molded, non-metallic cable cleats used in power distribution.
  • Atkore introduced the EAGLE BASKET, a welded wire mesh management system, in April 2021. It is among the most robust welded wire mesh management systems available.
  • ABB Group, a company that designs and produces cable tray systems, announced in September 2022 that it would invest US$ 13 million in its installation product division's Iberville manufacturing site in Quebec. This move will enable the company to produce more cable trays in North America. This would facilitate the business's growth and enable it to serve more clients.
  • Niedax India created industry-specific cable trays in July 2022. These unique box-style cable trays are an innovative design of cable trays made especially for tunnel projects.

Cable Tray Market

Key Players:

  • Legrand SA
  • Schneider Electric SE
  • Eaton Corporation
  • Thomas & Betts Corporation (ABB Group)
  • Niedax Group
  • Chalfant Manufacturing Company
  • MP Husky
  • Snake Tray
  • Oglaend System Group
  • Atkore International
  • Panduit Corp
  • Marco Cable Management
  • Middle Atlantic Products (Legrand AV)
  • Techline Manufacturing
  • Cope Cable Tray
  • Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

Cable Tray Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa.  Asia Pacific region commands the market, owing to the healthy growth of the construction industry across the region. The escalating investments towards construction and infrastructure development, particularly in emerging economies serve as primary drivers for the increasing demand for durable cable management systems. The need for organized and secure cable systems within buildings, factories, and infrastructure projects becomes more pronounced as these economies experience rapid urbanization and industrialization. Therefore, this increase in construction activity feeds the need for strong cable management systems, making Asia Pacific a key region for cable tray solutions in the near future.

Source: Fatpos Global

Impact of Covid-19 on Cable Tray Market

The COVID-19 pandemic had a significant impact on the cable tray market, causing disruptions and fluctuations across segments. Several construction and industrial projects were halted during the early stages of the pandemic due to lockdowns, supply chain disruptions, labor shortages, and global market uncertainties. This resulted in a temporary decrease in demand for cable trays as construction and infrastructure plans were delayed. Additionally, financial constraints faced by businesses impacted capital spending, which further slowed the adoption of cable management solutions, including cable trays.

However, as industries adjusted to the new operational norms and implemented safety protocols, the market began to recover. The increased emphasis on digitalization, remote work, and the upgradation of IT infrastructure raised demand for cable trays, particularly in data centers and telecommunications. Therefore, while the pandemic initially caused disruptions in the cable tray market, it eventually recovered due to investments in infrastructure and renewable energy.

Cable Tray Market is further segmented by region into:

  • North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
  • Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
  • Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
  • Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
  • Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

Cable Tray Market Scope and Segments:

ATTRIBUTE

  DETAILS

Study Period

2018-2034

Base Year

2023

Forecast Period

2024-2034

Historical Period

2019-2022

Growth Rate

CAGR of 7.8% from 2024-2034

Unit

Value (USD Billion)

Segmentation

Main Segments List

By Type

  • Ladder
  • Solid Bottom
  • Trough
  • Channel
  • Wire Mesh
  • Single Rail

By Material

  • Aluminium
  • Steel
  • Stainless Steel

By Finishing

  • Galvanized Coatings
  • Pre-galvanized
  • Hot-dip Galvanized

By End-User

  • Power
  • Construction
  • Manufacturing
  • IT and Telecommunication
  • Others

By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Frequently Asked Questions (FAQ):

Cable Tray Market size was values at USD 4.4 billion in 2023 and is projected to reach the value of USD 10 billion in 2034, exhibiting a CAGR of 7.8% during the forecast period.

The cable tray market deals with systems that organize and support cables used in power distribution, communication, and control. It involves manufacturing, distribution, and use of various trays, providing safe pathways for cables and easy access for maintenance. Made from materials like steel or aluminum, these trays serve diverse industries for efficient cable management in buildings and infrastructure.

The Wire Mesh segment and Aluminum segment accounted for the largest Cable Tray Market share.

Key players in the Cable Tray Market include Legrand SA, Schneider Electric SE, Eaton Corporation, Thomas & Betts Corporation (ABB Group), Niedax Group, Chalfant Manufacturing Company, MP Husky, Snake Tray, Oglaend System Group, Atkore International, Panduit Corp, Marco Cable Management, Middle Atlantic Products (Legrand AV), Techline Manufacturing, Cope Cable Tray, and Other Prominent Players.

Increasing infrastructure development and investments in power & telecommunication are the factors driving the Cable Tray Market.

Select License Type

$3199

Report accessible by 1 user only

In case you require a hard copy, there will be an additional charge of $500. Please email us at info@fatposglobal.com with your request

Call us

Research Assistance

US : +1 (716) 218-3733
UK : +44 (208) 1235555



Select License Type

$3199

Report accessible by 1 user only

Sample Request

Client Testimonials

FATPOS CLIENT Appriciation DURING THE PROJECT

Clients