Press release
The Cord And Cable Reels Market Is Poised For Growth Driven By The Booming Construction Industry: A Key Catalyst Accelerating Cord And Cable Reels Market Growth in 2025
Cord And Cable Reels
Cord And Cable Reels Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of cord and cable reels has experienced a steady increase over the recent years. It is forecasted to expand from $8.06 billion in 2024 to $8.45 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 4.7%. Factors attributing to this growth during the historic period include escalated demand for industrial cable reels, growth in industrial operations, increasing emphasis on predictive maintenance, elevating demand for smart reels, and the enhanced use of cord and cable reels in both residential and commercial environments.
Cord And Cable Reels Market Size Forecast: What's the Projected Valuation by 2029?
Strong expansion is anticipated in the cord and cable reels market in the upcoming years. The market is slated to escalate to $10.43 billion by 2029 with a compound annual growth rate (CAGR) of 5.4%. Factors contributing to future growth include an increase in demand from the construction sector, escalating usage of cord and cable reel systems in data centers, a rise in requisition from the electrical and electronics industry, an amplified focus on safety at workplaces, and a growing understanding of safety in commercial settings. Notable trends for the projected period comprise developments in cable management, industrial automation, the incorporation of enabling technologies, progress in materials and manufacturing, and the need for modified solutions.
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What Are the Drivers Transforming the Cord And Cable Reels Market?
The cord and cable reels market is likely to experience growth due to an upsurge in construction activities. These activities encompass the physical development of buildings, infrastructures, among other structures. The rise in construction activities is largely as a result of rapid urbanization, development of infrastructure, and an emphasis on the accuracy and efficiency of construction projects. Cord and cable reels significantly enhance project management, safety, efficiency, and mobility in the construction field. For example, Eurostat, a Luxembourgish government agency, recorded in February 2024 an annual building production in the EU and the euro region increasing by 0.1% and 0.2% respectively, as compared to 2022. Hence, the growth of construction activities propels the growth of the cord and cable reels market.
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What Trends Will Shape the Cord And Cable Reels Market Through 2029 and Beyond?
Leading companies in the cord and cable reels market are innovating by creating retractable power cord reels, aimed at improving convenience, safety, and efficiency across various industries. These types of reels contribute to a safer and structured environment by reducing the mess and potential risks related to excess cords. Their value extends to enhancing safety measures, organization, and productivity, positioning them as a crucial asset in numerous sectors. For example, in February 2024, US-based manufacturer SKF Lincoln introduced a top-notch 60-foot retractable electricity cord reel outfitted with superior features for users. This reel aims to advance safety, convenience, and efficiency in environments where there is a need for electricity. It proves to be versatile for different operations such as construction, maintenance, and additional industries.
Which Segments in the Cord And Cable Reels Market Offer the Most Profit Potential?
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 Firms Dominate the Cord And Cable Reels Market by Market Share and Revenue in 2025?
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, e, 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
Which Regions Offer the Highest Growth Potential in the Cord And Cable Reels Market?
Asia-Pacific was the largest region in the cord and cable reels market in 2024. 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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