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The Cord And Cable Reels Market Is Poised For Growth Driven By The Booming Construction Industry: Pivotal Factor Influencing Cord And Cable Reels Market Growth in 2025
Cord And Cable Reels Market
Cord And Cable Reels Market Size Growth Forecast: What to Expect by 2025?
The market size for cord and cable reels has seen significant growth in the past years. The market, which was valued at $8.06 billion in 2024, is projected to escalate to $8.58 billion in 2025, reflecting a compound annual growth rate (CAGR) of 6.5%. The historic growth can be linked to several factors including the increased demand for industrial cable reels, the expansion of industrial activities, a heightened emphasis on predictive maintenance, a surge in the demand for smart reels, and the growing application of cord and cable reels in both residential and commercial settings.
How Will the Cord And Cable Reels Market Size Evolve and Grow by 2029?
In the upcoming years, a robust growth is projected for the cord and cable reels market, with a forecasted increase to $10.92 billion in 2029, advancing at a compound annual growth rate (CAGR) of 6.2%. This steady escalation over the prediction period can be ascribed to factors such as an increased demand in the construction industry, a surge in popularity for cord and cable reel systems within data centers, an amplified demand from the electrical and electronics sector, an increased focus on safety in the workplace, and heightened consciousness about safety within commercial settings. Predominant trends anticipated during the forecast period include advancements in cable management, industrial automation, the integration of enhancing technologies, advancements in materials and manufacturing, and a demand for tailor-made solutions.
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What Drivers Are Propelling the Growth of Cord And Cable Reels Market Forward?
The surge in construction undertakings is anticipated to bolster the cord and cable reels market's expansion. These activities encompass the tangible creation of structures, infrastructure, and other buildings. Rapid urbanization, infrastructure progression, and an emphasis on precision and efficiency in construction projects are contributing to the growth of such activities. The construction field greatly benefits from cord and cable reels as they enhance efficiency, strengthen safety, encourage mobility, and guarantee improved management of projects. For example, Eurostat, a government organization based in Luxembourg, reported in February 2024 that the average yearly building production in the EU and the euro sector witnessed a rise of 0.1% and 0.2% respectively in comparison to 2022. As such, the escalation in construction activities propels the market for cord and cable reels.
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Which Emerging Trends Are Transforming the Cord And Cable Reels Market in 2025?
Key players within the cord and cable reels market are innovating retractable power cord reels, aimed at enhancing functionality, safety, and productivity across diverse industries. Retractable power cord reels not only provide easy access to electricity, but also reduce clutter and potential hazards emanating from unsecured cords. These instruments offer enhanced safety measures, better organization and heightened productivity, thus proving beneficial across a wide variety of sectors. For example, SKF Lincoln, an American manufacturing firm, launched a 60-foot retractable electric power cord reel in February 2024. This latest invention has been designed to upgrade safety, user-friendliness, and performance across environments needing electrical power. It proves suitability across multiple applications such as construction, maintenance, among other industries.
What Are the Key Segments in the Cord And Cable Reels Market?
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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Who Are the Key Players Shaping the Cord And Cable Reels Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth in the Cord And Cable Reels Market?
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.
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