Market Overview

Cable trays are used to support electrical cables for power distribution, communication, and control panel. These cable trays are used for cable management in commercial and industrial construction sector. Cable trays are useful in conditions where changes to a wiring system are anticipated and can be easily installed by placing cables in cable tray. Cable trays are manufactured by using various materials such as low-carbon steel, stainless steel, aluminum alloy, and fiber reinforced plastic. Cable trays have application in different industrial sectors such as IT and telecommunication, power, construction, and manufacturing.

Advantages offered by cable trays include low maintenance cost, compatibility with all wiring systems, providing proper ventilation to the wiring system, and easy to replace installed wiring system. Cable trays are used to provide maximum protection to cables which are used for power supply in commercial and industrial buildings. Furthermore, cable trays are manufactured with better finishing by various galvanization techniques such as galvanized coatings, pre-galvanized, and hot-dip galvanized. The global tray market is segmented into material used, product type, finishing, application, and region.

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Market Dynamics

Growth of cable trays market is driven by increasing demand from the construction industry, which in turn further surges rapid urbanization in emerging economies. Adoption of free or mixed economy policy by government has led to growth of the private sector, which in turn has created more job and business opportunities in emerging economies. This has led to rapid urbanization in these countries. The cable trays are used to hold the complex wiring system in commercial and industrial construction sector. For instance, according to the United Nations’ World Urbanization Prospects 2018, 55% of the global population currently lives in urban areas, which is expected to increase to 68% by 2050. Growth of the world’s population could add another 2.5 billion people to urban areas by 2050, with close to 70% of this increase taking place in Asia Pacific.

Market Taxonomy

On the basis of material used, the global cable trays market is segmented into:

Low-carbon Steel

Stainless Steel

Aluminum Alloy

Fiber Reinforced Plastic

On the basis of product type, the global cable trays market is segmented into:

Ladder Type Cable Tray

Solid Bottom Cable Tray

Channel Cable Tray

Trough Cable Tray

Single Rail Cable Tray

Wire Mesh Cable Tray

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Major players in operating in the global cable trays market include Atkore International Group Inc., Hoffman, Enduro Composites, Cooper Industries, Legrand SA, Oglaend System, Panduit Corporation, and Hubbell.

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