According to the new market research report “Metal Cable Trays- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Metal Cable Trays market size is projected to reach USD 4.98 billion by 2030, at a CAGR of 6.7% during the forecast period.
- Global Metal Cable Trays MarketSize(US$ Million), 2019-2030
Source: QYResearch, "Metal Cable Trays- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
- Global Metal Cable Trays Top28Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)
Source: QYResearch, "Metal Cable Trays- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
According to QYResearch Top Players Research Center, the global key manufacturers of Metal Cable Trays include Niedax Group, OBO Bettermann, Legrand, Cope (Atkore), PUK Group, Oglaend (Hilti), DKC Group, HUAPENG, Unitech (IKK), Unistrut (Atkore), etc. In 2023, the global top 10 players had a share approximately 62% in terms of revenue.
- Metal Cable Trays,Global Market Size, Split by Product Segment
Source: QYResearch, "Metal Cable Trays- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product type, currently Steel Cable Trays is the largest segment, hold a share of 77%.
- Metal Cable Trays,Global Market Size, Split by ApplicationSegment
Source: QYResearch, "Metal Cable Trays- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
In terms of product application, currently Energy & Utility is the largest segment, hold a share of 26%.
- Metal Cable Trays,Global Market Size, Split by Region
Source: QYResearch, "Metal Cable Trays- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”
Market Drivers:
Technological innovation: Advanced manufacturing technology and continuous innovation of materials have promoted the upgrading of cable tray systems.
Increased energy demand: The continuous development of the power and energy fields has put forward higher requirements for cable tray systems and promoted the development of the industry.
Information construction: The rapid development of communications and information technology has prompted the updating of cable tray systems to adapt to more diversified communications needs.
Restraint:
Raw material price fluctuations: The industry is greatly affected by raw material price fluctuations, which may lead to rising costs.
Fierce market competition: Competition in the industry is fierce, and price wars may lead to a decline in corporate profits.
Adaptation difficulties caused by technological changes: The rapid development of technology may make it difficult for enterprises to adapt to changes in new technologies in a timely manner.
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