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The Cord And Cable Reels Market Is Poised For Growth Driven By The Booming Construction Industry: A Key Driver Powering Cord And Cable Reels Market Growth In 2025
Cord And Cable Reels Market
What Is the Current Cord And Cable Reels Market Size and Its Estimated Growth Rate?
The cord and cable reels market has grown strongly in recent years. It is expected to expand from $8.06 billion in 2024 to $8.58 billion in 2025, at a CAGR of 6.5%. Growth is driven by increasing demand for industrial cable reels, the expansion of industrial operations, the focus on predictive maintenance, the demand for smart reels, and the broader use of cord and cable reels in residential and commercial sectors.
The cord and cable reels market is projected to grow to $10.92 billion by 2029, with a CAGR of 6.2%. The growth is driven by rising demand from the construction industry, increasing use in data centers, and a focus on workplace safety. Trends include advancements in cable management, industrial automation, enabling technology integration, and demand for customized solutions.
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How Are Emerging Segments Shaping the Cord And Cable Reels Market Landscape?
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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Which Growth Factors Are Influencing Cord And Cable Reels Market Expansion?
The rise in construction activities is expected to drive the cord and cable reels market. The growing need for infrastructure development, urbanization, and efficient building practices are contributing to increased construction activities. Cord and cable reels improve safety, mobility, and project management in construction. Eurostat reported an increase in annual building production in the EU and euro area, driving the demand for cord and cable reels.
Who Are the Dominant Players Across Different Cord And Cable Reels Market Segments?
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
What Trends Are Driving Growth in The Cord And Cable Reels Market?
Companies in the cord and cable reels market are developing retractable power cord reels to improve safety, efficiency, and organization in various industries. In February 2024, SKF Lincoln, a U.S.-based manufacturer, introduced a 60-foot retractable power cord reel designed to improve safety and productivity in environments requiring electrical power.
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Which Geographic Regions Are Expected to Dominate the Cord And Cable Reels Market in the Coming Years?
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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cord And Cable Reels Market?
2. What is the CAGR expected in the Cord And Cable Reels Market?
3. What Are the Key Innovations Transforming the Cord And Cable Reels Industry?
4. Which Region Is Leading the Cord And Cable Reels Market?
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