Global Cable Tray Market value to increase by $ 3.21 Bn during 2021-2025 | Featuring Key Vendors including ABB Ltd., Atkore International Group Inc., and Chatsworth Products Inc. among others | Technavio

NEW YORK, June 3, 2021 /PRNewswire/ —
The cable tray market is expected to…

NEW YORK, June 3, 2021 /PRNewswire/ —

The cable tray market is expected to grow by USD 3.21 billion during 2021-2025, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the cable tray market in optimistic, probable, and pessimistic forecast scenarios.

This cable tray market report encapsulates not only the industrials industry value chain analysis but also features overall validation techniques employed for deriving the most accurate data insights.

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The cable tray market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to increase in 2021 as compared to 2020.

Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Related Reports on Industrials Include:

Global Cable Accessories Market – Global cable accessories market is segmented by application (low voltage, medium voltage, and high voltage) and geography (APAC, Europe, MEA, North America, and South America).

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Global Cable Conduit Systems Market – Global cable conduit systems market is segmented by product (rigid non-metallic, rigid metallic, flexible non-metallic, and flexible metallic), end-user commercial, manufacturing, IT and telecommunication, healthcare, and others), and geography (North America, APAC, Europe, MEA, and South America).

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Major Three Cable Tray Market Participants:

ABB Ltd.

The company designs and manufactures cable tray systems, such as perforated trays, cable ladders, channel trays, and struts (metal framing) in its manufacturing facilities located in Canada and Saudi Arabia.

Atkore International Group Inc.

The company offers cable trays under brands such as Cope LADDER Cable Tray System, Cope HAT Cable Tray System, Cope TROF Cable Tray System, Cope CHANNEL Cable Tray System, Cope I-BEAM Cable Tray System, Cope Wire Basket, Cope GLAS Cable Tray System, and Cope Aickinstrut Cable Tray System.

Chatsworth Products Inc.

The company offers adjustable cable runways for industrial and commercial applications. The company also distributes Pemsa Rejiband Wire Mesh Cable Trays in the US and Canada.

Get specific analysis on the criticality of inputs and factors of differentiation in the cable tray market vendor landscape.

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Cable Tray Market 2021-2025: Segmentation

Cable tray market is segmented as below:

  • End-user
    • Commercial
    • Industrial
    • Residential
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

The cable tray market is driven by the increasing adoption of automation and communication technologies. In addition, increased investments in data centers are expected to trigger the cable tray market toward witnessing a CAGR of almost 11% during the forecast period.

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Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

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SOURCE Technavio