Press release
Cord And Cable Reels Global Market to Grow $10.30 Billion at a Surprising CAGR of 6.3% By 2028 | Legrand SA, Hubbell Inc., Nederman GmbH, Demac Srl, Hannay Reels Inc.
Cord And Cable Reels Market
As per the report, the cord and cable reels market size has grown strongly in recent years. It will grow from $7.59 billion in 2023 to $8.06 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The cord and cable reels market size is expected to see strong growth in the next few years. It will grow to $10.30 billion in 2028 at a compound annual growth rate (CAGR) of 6.3%.
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The Cord And Cable Reels Market Is Poised For Growth Driven By The Booming Construction Industry
The increasing construction activities are expected to propel the growth of the cord and cable reels market going forward. Construction activities involve the physical development of buildings, infrastructure, and other structures. Construction activities are increasing due to rapid urbanization, infrastructure development, and a focus on efficiency and accuracy in building projects. Cord and cable reels enhance efficiency, improve safety, facilitate mobility, and ensure better project management for the construction industry. For instance, in February 2024, according to Eurostat, a Europe-based government agency, the average annual building production in the EU and the euro region increased by 0.1% and 0.2%, respectively, compared to 2022. Additionally, in December 2021, according to the United States Census Bureau, a US-based government agency, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%. Therefore, the increasing construction activities drive the cord and cable reels market.
Advancements In The Cord And Cable Reels Market Gaining A Competitive Edge In The Market
Major companies operating in the cord and cable reels market are developing retractable power cord reels to enhance convenience, safety, and efficiency in various industries. Retractable power cord reels provide convenient access to power while minimizing clutter and hazards associated with loose cords. They offer benefits such as improved safety, organization, and efficiency, making them a valuable tool in many industries. For instance, in February 2024, SKF Lincoln, a US-based manufacturing company, introduced a new 60-foot retractable electrical power cord reel designed to provide high-quality and premium features for users. The retractable power cord reel is designed to improve safety, convenience, and productivity in various settings where electrical power is needed. It is suitable for use in a variety of applications, including construction, maintenance, and other industries.
The cord and cable reels market covered in this report is segmented -
1) By Type: Spring Loaded, Motorized, Manual
2) By Material: Metal, Plastic
3) By Application: Industrial, Commercial, Residential
4) By End-User: Construction, Manufacturing, Automotive, Energy, Marine
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Major companies operating in the cord and cable reels market are Eaton Corporation, Emerson Electric Co., Wabtec Corporation, Legrand SA, Hubbell Inc., Nederman GmbH, Gunnebo Industries, Conductix-Wampfler GmbH, Cavotec SA, Sca*me, Paul Vahle GmbH & Co. KG, Reelcraft Industries Inc., Coxreels Co., Gleason Reel Corporation, Demac Srl, United Equipment Accessories Inc., Hannay Reels Inc., Bright Industries, Embicon Tech Hub, Hartmann & König Stromzuführungs, Hinar Electric Co., Stemmann-Technik GmbH, Hindustan Engineers, Vijay Engineering Corporation, Harsh Industries
Contents of the report:
1. Executive Summary
2. Cord And Cable Reels Market Report Structure
3. Cord And Cable Reels Market Trends And Strategies
4. Cord And Cable Reels Market - Macro Economic Scenario
5. Cord And Cable Reels Market Size And Growth
…..
27. Cord And Cable Reels Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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