Press release
Primary Catalyst Driving Cord And Cable Reels Market Evolution in 2025: The Cord And Cable Reels Market Is Poised For Growth Driven By The Booming Construction Industry Driver
Cord And Cable Reels
The growing construction activities are expected to drive the cord and cable reels market. These activities are on the rise due to urbanization, infrastructure development, and a focus on building efficiency and accuracy. Cord and cable reels contribute to safety, project management, and mobility on construction sites. Eurostat reported a slight increase in building production in the EU and euro region in 2023, which is expected to continue to boost demand for cord and cable reels.
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What is the future CAGR of the cord and cable reels market, and how will it impact industry expansion?
The cord and cable reels market has seen strong growth in recent years. It is expected to rise from $8.06 billion in 2024 to $8.58 billion in 2025, reflecting a CAGR of 6.5%. This growth is attributed to the increasing demand for industrial cable reels, the expansion of industrial operations, a focus on predictive maintenance, the rise in demand for smart reels, and growing use in residential and commercial settings.
The cord and cable reels market is expected to see solid growth, reaching $10.92 billion by 2029 at a CAGR of 6.2%. The growth is supported by increasing demand from the construction industry, the popularity of cord and cable reels in data centers, rising demand from the electrical and electronics sector, and heightened workplace safety awareness. Trends include advancements in cable management, industrial automation, and demand for customized solutions.
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What are the most significant trends transforming the cord and cable reels market today?
Companies in the cord and cable reels market are focusing on creating retractable power cord reels to improve convenience, safety, and efficiency across various industries. These reels provide easy access to power while reducing clutter and minimizing hazards linked to loose cords. In February 2024, SKF Lincoln, a US-based manufacturer, launched a 60-foot retractable power cord reel with premium features to boost safety and productivity in construction, maintenance, and other industries.
Which key market segments comprise the cord and cable reels market and drive its revenue growth?
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
Subsegments:
1) By Spring Loaded: Automatic Retractable Reels, Manual Spring-Loaded Reels
2) By Motorized: Electric Cord Reels, Pneumatic Cord Reels
3) By Manual: Hand Crank Reels, Wind-Up Reels
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What regions are at the forefront of cord and cable reels market expansion?
Asia-Pacific was the largest region in the cord and cable reels market in 2023. The regions covered in the cord and cable reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the cord and cable reels market?
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
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What Is Covered In The Cord And Cable Reels Global Market Report?
•Market Size Forecast: Examine the cord and cable reels market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cord and cable reels market for a structured understanding.
•Key Players Overview: Analyze major players in the cord and cable reels market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cord and cable reels market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cord and cable reels market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cord and cable reels market.
•Industry Challenges: Identify potential risks and obstacles affecting the cord and cable reels market.
•Competitive Landscape: Review strategic developments in the cord and cable reels market, including expansions, agreements, and new product launches.
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