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Industrial Cable Reels Market

Industrial Cable Reels Market

Industrial Cable Reels Market Forecast, Trend Analysis & Competition Tracking - Global Review 2021 to 2031

Industrial Cable Reels Market
FACT1437MR

Industrial Cable Reels Market: Overview

The worldwide industrial cable reels market is expected to rise steadily with the increasing adoption of factory automation over the upcoming years.

According to the recent market research report by Fact.MR the industrial cable reels manufacturers are updating their latest product features to increase sales.

Industrial cable reels manufacturer companies are currently focusing on safety as a major concern,

For instance, Eaton company has launched its latest product in the market, W19L C03070. Eaton Crouse-Hinds series Cable-Gard W series lifting/stretching reel, with 3 conductors, and Weathertight, 600 Vac, #12 AWG.

Grounding portable machines and equipment in hazardous environments, such as fuel transfer trucks, grain elevators, dockside loading facilities, and barges, is done with static discharge reels.

This also offers automatic rewinding, compact & enclosed design with safety orange polyester baked-on finish for safety purposes.

Keeping safety as a key factor another innovative product launched by Coxreels is “Coxreels SD-35 Retractable Static Discharge Cable Reel EZ-SD Series”, which offers easy maintenance, the enclosed and lubricated cartridge-style motor ensures safe and convenient maintenance, it is made of CNC-spun discs with ribbed edges, ensuring strength, longevity, and operator safety! Galvanized 7x7 cable, ball stop, and 50-amp grounding clamp are included.

Industrial cable manufacturers also focusing on compact design and ease of operation along with safety.

For instance, Molex has launched another hi-tech product in the market called Woodhead POW-R-MITE Industrial Duty Cable Reel which includes 12/3 SOW, 15.24m (50.0') Cord Length, and 15A with Pendant Outlet Box, Ball Stop.

Industrial Cable Reels Market: Introduction

Industrial cable reels are also referred to as heavy duty cable reels, which are designed for providing power or transporting fluids in an industrial application.

Industrial cable reels are retractable automatic or semi-automatic reels, which enable easy and safe operations in indoor or outdoor industrial applications.

These industrial cable reels could be wall, ceiling, or bench mounted, and they are widely adopted in industrial applications such fire trucks, food and beverages, construction, waste water treatment, power distribution, and others, for supplying fluid or power to stationary or portable equipment and tools.

Industrial cable reels are available in various types such as hand wind or manual industrial cable reels, spring driven industrial cable reels, and powered industrial cable reels.

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Industrial Cable Reels Market: Drivers and Challenges

Industrial cable reels are reliable, sturdy, corrosion resistive, and easy to install and maintain.

They are designed to enhance safety at warehouses, manufacturing facilities, and in other applications.

These characteristics and benefits are the key market drivers for the industrial cable reels market.

Cables are needed in all industries for lifting cranes, moving equipment, and supplying power or fluid.

Among the industrial cable reel product types, automatic industrial cable reels are expected to be more in demand as compared to the semi-automatic type, as they are easy to operate and have a wider array of applications.

Moreover, the aftersales and services of the cable industry has a great potential to create opportunities for the industrial cable reels market over the projected period, thereby contributing towards the growth of the market.

Increasing safety of residential and commercial areas is expected to create demand for fire safety equipment and trucks, which, in turn, is expected to increase the demand for industrial cable reels over the forecast period.

Further, according to NEMA (National Electrical Manufacturers Association), the electrical safety committee has established certain standards under NEMA-3 and NEMA-4, which mandates the adoption of industrial cable reels in industrial applications. This will have a direct effect on the demand for industrial cable reels.

However, the high initial cost is expected to challenge their adoption in small to medium manufacturing sectors.

This, in turn, is expected to hamper the growth of the global industrial cable reels market to some extent.

Global Industrial Cable Reels Market: Regional Overview

During the forecast period, Asia Pacific (China, India, and South East Asia Pacific) is expected to hold a greater share of the market, owing to the increasing consumption of cables and wires in various end-use industries such as building and construction, etc.

Also, China, being a manufacturing hub, and China and India being among the emerging countries, are stipulated to witness robust growth in the market, owing to increased construction activities as well as the increased demand for energy.

North America is anticipated to register significant growth after Asia Pacific as a result of the region’s inclination towards industrial workplace safety.

Increasing import and export of oil and gas in the Middle East and Africa, coupled with growing awareness of waste water management, is stipulated to increase the trade of industrial cable reels in the coming years.

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Competitive Landscape

Examples of some of the market participants in the global industrial cable reels market identified across the value chain include:

  • Molex, LLC
  • Nederman Holding AB
  • Hannay Reels Inc.
  • Zeca S.p.A.
  • Eaton
  • United Equipment Accessories, Inc.
  • Reelcraft Industries
  • Coxreels
  • Topring

Brief Approach to Research

The research report presents a comprehensive assessment of the market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

It also contains projections using a suitable set of assumptions and methodologies.

The research report provides analysis and information according to market segments such as geography, application, product type, and mount type.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology
  • Value Chain

Regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Chile, Peru)
  • Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • CIS and Russia
  • Asia-Pacific (China, India, ASEAN, South Korea)
  • Japan
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors, along with market attractiveness as per segment.

The report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights: 

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

Global Industrial Cable Reels: Market Segmentation

On the basis of product type, the global industrial cable reels market has been segmented as:

  • Automatic Industrial Cable Reels
  • Semi-automatic Industrial Cable Reels

On the basis of mount type, the global industrial cable reels market has been segmented as:

  • Wall Mounted
  • Ceiling/Floor Mounted
  • Bench Mounted

On the basis of application, the global industrial cable reels market has been segmented as:

  • Fire Trucks
  • Food & Beverages
  • Construction
  • Mining
  • Waste Water Treatment
  • Power Distribution
  • Others

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

Is a sample of this report available for evaluation?

Yes, you can request a sample, and it will be sent to you through an email.