Technavio has been monitoring the cable tray market, operating under the industrials sector. The latest report on cable tray market, 2020-2024 estimates it to register an incremental growth of by USD 2.08 billion, over at a CAGR of 7% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage on the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments. ABB Ltd., Atkore International Group Inc., Chatsworth Products Inc., Eaton Corp. Plc, Hubbell Inc., Legrand SA, OBO BETTERMANN Holding GmbH & Co. KG, Schneider Electric SE, TransDelta International Industries LLC, and voestalpine AG are among some of the major market participants.
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Demand for automation & communication technologies has been instrumental in driving the growth of the market. However, the fluctuating prices of raw materials might hamper the market growth.
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Cable Tray Market 2020-2024: Segmentation
Cable Tray Market is segmented as below:
Based on geographic segmentation, over 37% of the market growth originated from APAC during the forecast period. In addition, the commercial segment led the growth under the end-users. This report provides an accurate prediction of the contribution of all the segments to the growth of the market size.
Cable Tray Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The cable tray market report covers the following areas:
This study identifies the increasing use of cloud-based servers as one of the prime reasons driving the Cable Tray Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Cable Tray Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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