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Extension Cord Reels Market Forecast 2025-2034: Evaluating Growth Factors, Segments, and Emerging Trends
Extension Cord Reels
The growing construction activities are expected to support the growth of the extended cord reels market. Construction activities, which involve building and maintaining structures and infrastructure, are increasing due to urbanization and infrastructure development. Extended cord reels help with electrical power distribution on construction sites, improving safety and productivity. The U.S. Census Bureau reported that the number of housing units approved for construction increased by 13.8% in February 2023. Hence, the rise in construction activities is driving the extended cord reels market.
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What is the projected compound annual growth rate (CAGR) of the extension cord reels market from 2025 to 2034, and what factors influence it?
The extension cord reels market has grown significantly in recent years. It will grow from $2.08 billion in 2024 to $2.25 billion in 2025, at a CAGR of 8.1%. Growth drivers include rising demand for high-power extension cords, wider adoption in healthcare, a focus on energy efficiency, and increased use in industries like mining and telecommunications.
The extension cord reels market is expected to grow steadily, reaching $3.03 billion by 2029 at a CAGR of 7.8%. This growth is attributed to rising construction and infrastructure projects, increasing demand in industrial sectors, a focus on workplace safety, expanding e-commerce, and growth in automotive industries. Trends include portable and retractable cord reels, reels with added features like surge protection, investments in renewable energy, demand for longer cables, and product innovations.
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How are the latest trends influencing the growth of the extension cord reels market?
Companies in the extension cord reels market are integrating LED lights into electric cord reels to improve safety and visibility in work environments. These lights enhance functionality and visibility for cord reels. For example, in February 2024, Coxreels, a US-based manufacturer, introduced LED lights for their C series reels. These lights are housed in durable aluminum with shatter-resistant lenses and are designed to operate in extreme temperatures and resist water, dust, and impact. They are intended for applications requiring both pneumatic air and electrical power, particularly in confined spaces.
What are the major segments of the extension cord reels market and their role in driving growth?
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
Subsegments:
1) Manual Extension Cord Reels: Hand Crank Manual Reels, Pull-And-Push Manual Reels
2) Retractable Extension Cord Reels: Wall-Mounted Retractable Reels, Portable Retractable Reels
3) Motorized Extension Cord Reels: Wall-Mounted Motorized Reels, Floor-Mounted Motorized Reels
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What regions are at the forefront of extension cord reels market expansion?
North America was the largest region in the extension cord reels market in 2023. The regions covered in the extension cord reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the extension cord reels market?
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
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What Is Covered In The Extension Cord Reels Global Market Report?
•Market Size Forecast: Examine the extension cord reels market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the extension cord reels market for a structured understanding.
•Key Players Overview: Analyze major players in the extension cord reels market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the extension cord reels market.
•Segment Contributions: Evaluate how different segments drive overall growth in the extension cord reels market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the extension cord reels market.
•Industry Challenges: Identify potential risks and obstacles affecting the extension cord reels market.
•Competitive Landscape: Review strategic developments in the extension cord reels market, including expansions, agreements, and new product launches.
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