What Has Been the Progress and Growth of the Extension Cord Reels Market in Recent Years?
The extension cord reels market has seen considerable growth due to a variety of factors.
• The extension cord reels market has grown significantly in recent years. It will grow from $2.08 billion in 2024 to $2.25 billion in 2025, with a CAGR of 8.1%.
The growth is attributed to increased demand for high-power-rated extension cord reels, their adoption in the healthcare, telecommunications, mining, and oil and gas industries, and a greater focus on energy efficiency and cost savings.
What Can Be Expected from the Extension Cord Reels Market Size?
The extension cord reels market is expected to maintain its strong growth trajectory in upcoming years.
• The extension cord reels market is projected to grow to $3.03 billion by 2029 with a CAGR of 7.8%.
Growth drivers include construction and infrastructure projects, demand in industrial sectors, workplace safety, e-commerce growth, and the automotive industry. Key trends include portable and retractable reels, added features like surge protection, renewable energy project investments, longer cable lengths, and product innovation.
What Are the Critical Driver Fuelling The Extension Cord Reels Market's Growth?
The increasing construction activities are expected to stimulate the growth of the extended cord reels market. Construction is a broad field involving residential, commercial, and infrastructure projects. Growth in this sector is driven by urbanization, infrastructure development, and efficiency improvements. Extended cord reels facilitate safe and efficient power distribution on construction sites. For example, the US Census Bureau reported a 13.8% increase in privately owned housing unit permits in February 2023 compared to January, highlighting the surge in construction activity.
How Is The Extension Cord Reels Market segmented?
The extension cord reels market covered in this report is segmented –
1) By Product Type: Manual Extension Cord Reels, Retractable Extension Cord Reels, Motorized Extension Cord Reels
2) By Application: Home And Residential, Commercial And Industrial, Outdoor And Recreational
3) By End-Users: Residential Users, Commercial Users, Industrial Users
Subsegments:
1) Manual Extension Cord Reels: Hand Crank Manual Reels, Pull-And-Push Manual Reels
2) Retractable Extension Cord Reels: Wall-Mounted Retractable Reels, Portable Retractable Reels
3) Motorized Extension Cord Reels: Wall-Mounted Motorized Reels, Floor-Mounted Motorized Reels
Pre-Book The Extension Cord Reels Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Extension Cord Reels Market?
Major companies in the extension cord reels market are creating solutions such as LED lights for electric cord reels to improve visibility and safety. These LED lights enhance usability, providing both illumination and functionality. For example, in February 2024, Coxreels, a US-based manufacturer, launched LED lights for its C-series cord reels. The lights have durable, weather-resistant housing and are designed for extreme temperatures, making them ideal for environments requiring both pneumatic air and electrical power.
Who Are the Key Players In The Extension Cord Reels Market?
Major companies operating in the extension cord reels market are:
• General Electric Company
• Schneider Electric SE
• ABB Ltd.
• Toshiba Corp.
• Eaton Corporation
• Grainger
• Stanley Black & Decker inc.
• Emerson Electric Co.
• Legrand SA
• Hubbell Inc.
• OSRAM Group
• Leviton Manufacturing Company
• Seoul Semiconductor Co. Ltd.
• Cooper Lighting
• Reelcraft Industries Inc.
• GlobTek Inc.
• Thomas & Betts Corporation
• Coxreels Co.
• Amtek Co.
• APC Group Inc.
• L-com Inc.
• Hindustan Engineering
• International Cord Sets Inc.
• J.K. Enterprises Inc.
• AGS Electrical Company
What Is The Most Dominant Region In The Extension Cord Reels Market?
North America was the largest region in the extension cord reels market in 2023. The regions covered in the extension cord reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
