Press release
Cable Trays Market Revenue, Opportunity, Forecast and Value Chain 2017 - 2027
Global Cable Trays Market - Market Dynamics
The global market for cable trays is characterized by supply of cable trays that have good tensile strength and heavy load carrying capacity. Manufacturers of cable trays manufacture products that have reliable characteristics and effective functionality. Cable trays are highly preferred by end consumers as they provide ease of maintenance in cable management system. The global demand for cable trays is expected to grow prominently due to requirement in the telecom industry. The telecom market segment is anticipated to sustain the growing demand for cable trays over the forecast period 2017-2025.
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Cable trays provide effective functionality in organizing and arranging large and complex network of cables or wires. Cable trays are easy to inspect and provide resistance to fire thus safeguarding significant asset value to end consumers. Galvanization of cable trays gives extra life to the cable trays. Cable trays with long life span maximizes its usage in industries which have high initial investment. Cable trays due to longer life span are not frequently replaced by end consumers. One of the vital feature of cable tray that they can carry heavy loads. Heavy load carrying capability of cable trays make cable trays a preferred solution for applications that require more complex and heavy wiring system. With urbanization and growing energy demand the global market for cable trays is expected to witness growing demand. Manufacturers are also supplying cost efficient cable trays and cable trays with simpler designs particularly for hospitality industry in order to save costs and pace utilization. Airports and commercial buildings which have to carry bulk of high voltage cables and broadband wires are further fuelling the demand for cable trays in the global market.
Global Cable Trays Market - Market Segmentation
The global cable trays market is segmented on the basis of product type, material type and by application type.
On the basis of product type, the global cable trays market can be segmented as follows:
Ladder Straight Cable Tray
Wire Basket Cable Tray
Horizontal Tee Cable Tray
Horizontal Elbows Cable Tray
On the basis of material type, the global cable trays market is segmented as follows:
Metal cable tray
Plastic cable tray
Others
On the basis of end use industry, the global cable trays market is segmented as follows:
Telecommunications
Industrial
Building and Construction
Others
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Global Cable Trays Market - Regional Overview
Global cable tray market can be segmented into seven regions North America, Western Europe, Japan, Asia Pacific Region, Middle East and Africa and Eastern Europe. North America dominates overall cable tray market globally as this is region has most advanced industrial and commercial sectors.
Global Cable Trays Market - Competition Landscape
Some of the key players operating in the global cable trays market include Atkore International, Chatsworth Products, Schneider Electric, Legrand Electric Ltd, Oglaend System, Thomas & Betts Corporation, MP Husky USA Cable Tray Cable Bus, Chalfant Manufacturing Company, Marco Cable Management, TechLine Mfg., Unitrunk Ltd.
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