Industrial cable reel Market: 2013 – 2017 global industry analysis and 2018 – 2026 forecast

Persistence Market Research (PMR) provides important insights into the global industrial cable drum Market in its new report entitled "industrial cable drum Market: 2013 – 2017 global industry analysis and 2018 – 2026 forecast". The long-term prospect of the global industrial cable drum market will remain optimistic. It is expected that the market value of industrial cable drum will increase at a compound annual growth rate of 4.0% in the forecast period. According to sources, it is expected that the spring-loaded industrial cable drum will achieve healthy growth in the forecast period, mainly due to its increasing application in manufacturing plants.

By the end of 2018, the global sales of industrial cable reels are expected to reach US $2.48 billion, an increase of 4.0% over the same period in 2017. In terms of the number of industrial cable reels, China is expected to account for 22.2% of the global industrial cable reel Market by the end of 2018, and is expected to maintain its position in the industrial cable reel Market during the forecast period.

Global industrial cable reel Market: Trends

The demand for industrial cable reels is driven by global investment in public and private sector construction projects. The increased investment of government and private sector companies in infrastructure development projects will generate demand for construction and logistics equipment such as cranes, and will become the main factor driving the growth of the global industrial cable drum market. Among these infrastructure projects, some of the main demand drivers are expected to be construction, urban infrastructure, irrigation and mining operations. Infrastructure investment can be divided into road, port, airport, railway, pipeline, waterway and urban infrastructure investment. In addition, there are well-known construction companies in the Middle East, especially in Dubai, Qatar, Doha and the United Arab Emirates.

In addition, due to the booming industrial sectors including manufacturing, mining, construction, utilities and oil and gas, the global demand for cable reels is expected to rise during the forecast period. Many companies engaged in the manufacture of industrial cable reels are entering the Asia Pacific, Middle East and African markets, hoping to take advantage of demand to expand their geographical footprint. To this end, the company is focusing on developing products that meet local market operation standards.

Global industrial cable reel Market: Forecast

The insight into the industrial cable reel market shows that the manual industrial reel will continue to dominate the industrial cable reel Market during the forecast period.

On the basis of cable cores, the market varies from region to region. Globally, the demand for industrial cable drums with less than 4 cores is significantly higher.

The North American industrial cable reel market is considered a high-value region and is expected to further dominate sales during the forecast period. However, during the forecast period, the global industrial cable reel Market in China, Southeast Asia and the Pacific region is expected to grow at a higher than average growth rate.

Global industrial cable reel Market: competitive landscape

Some of the market participants included in the industrial cable drum Market Report are delachaux SA, Cavotec SA, Stemmann Technik GmbH, Paul vahle GmbH & Co. kg, united equipment accessories, Inc., Hubbell incorporated, scame parre spa, Nederman holdings AB, Eaton (Cooper Industries), Emerson Electric Company, Legrand SA and Schneider Electric.

Well known manufacturers participating in the global industrial cable drum market are focusing on cooperation activities with local participants to gain market share globally. In addition, major manufacturers are launching industrial cable reels for specific applications to better serve their broad customer base.