What are the Historical Developments and Current Growth Metrics of the Cord And Cable Reels Market?
The cord and cable reels market has seen considerable growth due to a variety of factors.
• The cord and cable reels market has shown solid growth in recent years. It will rise from $8.06 billion in 2024 to $8.58 billion in 2025, at a compound annual growth rate (CAGR) of 6.5%.
This growth is attributed to the rising demand for industrial cable reels, the expansion of industrial operations, a greater focus on predictive maintenance, the demand for smart reels, and increasing use in residential and commercial settings.
What Does Future Hold for The Cord And Cable Reels Market By 2029?
The cord and cable reels market is expected to maintain its strong growth trajectory in upcoming years.
• The cord and cable reels market is expected to grow to $10.92 billion by 2029, at a CAGR of 6.2%.
Growth is attributed to the increasing demand from the construction industry, greater adoption of cord and cable reel systems in data centers, rising demand from the electrical and electronics sectors, heightened focus on workplace safety, and increased awareness of safety in commercial settings. Key trends include advancements in cable management, industrial automation, enabling technologies, new materials and manufacturing, and a need for customized solutions.
What Are The Primary Growth Drivers In The Cord And Cable Reels Market?
The increasing construction activities are expected to drive the growth of the cord and cable reels market. The rise in construction activities is linked to rapid urbanization, infrastructure development, and a focus on efficient building practices. Cord and cable reels help improve project management, safety, and mobility in construction. A report by Eurostat in February 2024 revealed slight growth in building production in the EU, with a 0.1% increase in the average annual production, contributing to the demand for cord and cable reels.
What Is The Segmentation Of The Global 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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What Emerging Trends Are Influencing The Growth Of 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. These reels minimize clutter and provide convenient access to power. In February 2024, SKF Lincoln introduced a 60-foot retractable electrical power cord reel, offering premium features for improved safety and productivity in industries like construction and maintenance.
Who Are the Key Players In The Cord And Cable Reels Market?
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
• Scame
• 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 Are The Regional Insights Into 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.
