Extension Cord Reels Market Report 2024: Size, Share, Growth, Trends, Forecast 2033

The new report published by The Business Research Company, titled ""Extension Cord Reels Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the extension cord reels market size has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The extension cord reels market size is expected to see strong growth in the next few years. It will grow to $2.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%.

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Extended Cord Reels Market Poised For Growth Driven By Booming Construction Sectors
The increasing construction activities are expected to propel the growth of the extended cord reels market going forward. Construction activities encompass a wide range of tasks involved in building, renovating, and maintaining structures and infrastructure. These activities are essential for creating residential, commercial, and industrial buildings and public works such as roads, bridges, and utilities. The increasing construction activities are due to rapid urbanization, infrastructure development, and a focus on efficiency and accuracy in building projects. Extended cord reels are crucial in facilitating electrical power distribution on construction sites, offering practical solutions for managing cords, improving safety, and enhancing productivity. For instance, 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 and real estate activities drive the extended cord reels market.

Powering Productivity Driving Growth In The Extended Cord Reels Market
The increasing manufacturing activities are expected to propel the growth of the extended cord reels market going forward. Manufacturing activities encompass the processes involved in producing goods from raw materials or components, typically through various stages of transformation, assembly, and finishing. The increasing manufacturing activities are due to the adoption of automation and robotics in manufacturing processes, expansion into international markets, economic growth in developing and developed countries, and continuous investment in research and development. Extended cord reels support manufacturing activities by providing efficient, safe, and reliable power distribution solutions that enhance productivity, safety, and operational efficiency in manufacturing environments. For instance, in March 2022, according to the United Nations Industrial Development Organization, an Austria-based specialized agency of industrial and economic development, the global manufacturing production of goods rose by 9.4% in 2021, compared to 2020. Therefore, the increasing manufacturing activities drive the extended cord reels market.

Illuminating Safety With Industrial-Duty LED Lights For Enhanced Visibility In Cord Reels
Major companies operating in the extension cord reels market are developing innovative solutions, such as LED lights for electric cord reels, to enhance visibility and safety in work environments. LED lights for electric cord reels are integrated illumination solutions designed to enhance the usability and functionality of cord reels. These LED lights can serve multiple purposes, making the cord reels more versatile and user-friendly. For instance, in February 2024, coxreels, a US-based company that manufactures extended cord reels, launched new LED Lights for c series reels to meet the latest power distribution requirements. The lights have a durable aluminum housing and shatter-resistant polycarbonate lenses and are rated for operation in extreme temperatures from -40°F to 140°F. They are also resistant to water, dust, and impact. These air hose/electric cord reels are designed for applications that require both pneumatic air and electrical power, particularly in limited space settings.

The extension cord reels market covered in this report is segmented -
1) By Product Type: Manual Extension Cord Reels, Retractable Extension Cord Reels, Motorized Extension Cord Reels
2) By Application: Home And Residential, Commercial And Industrial, Outdoor And Recreational
3) By End-Users: Residential Users, Commercial Users, Industrial Users

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Major companies operating in the extension cord reels market are General Electric Company , Schneider Electric SE, ABB Ltd., Toshiba Corp., Eaton Corporation, Grainger, Stanley Black & Decker inc., Emerson Electric Co., Legrand SA, Hubbell Inc., OSRAM Group, Leviton Manufacturing Company, Seoul Semiconductor Co. Ltd., Cooper Lighting, Reelcraft Industries Inc., GlobTek Inc., Thomas & Betts Corporation, Coxreels Co., Amtek Co., APC Group Inc., L-com Inc., Hindustan Engineering, International Cord Sets Inc., J.K. Enterprises Inc., AGS Electrical Company

Contents of the report:
1. Executive Summary
2. Extension Cord Reels Market Report Structure
3. Extension Cord Reels Market Trends And Strategies
4. Extension Cord Reels Market - Macro Economic Scenario
5. Extension Cord Reels Market Size And Growth
…..
27. Extension Cord Reels Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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