According to Our latest research report on “Cable Drum Market ” highlights the substantial global expansion occurring within this sector. The report encompasses projections for the years leading up to 2031, accompanied by a comprehensive analysis of the market’s current size, prevailing trends, market share, and economic insights.
The global cable drum market size was valued at $547.3 million in 2018, and is projected to reach $767.5 million by 2026, registering a CAGR of 4.1% from 2019 to 2026. Cable drum is a spool shaped object. It is also known as cable reels. These drums are used to store a wide range of cables and wires to carry them for onsite use. In addition, most of these cable drums can be used multiple times, while some are for single use only. These drums make it easy to lay wires and cables without tangling. It saves packaging costs of cables and wires and helps in lowering transportation costs.
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Growth associated with the oil industry and natural gas production around the globe is a prominent factor that fuels the demand for cable drums. In addition, rise in adoption of cables in the construction industry drives the market growth. However, competition from domestic manufacturers is anticipated to hamper market growth. Furthermore, rise in government expenditures for electricity around the globe, especially in Asia-Pacific, Africa, and Latin America is expected to offer lucrative growth opportunities for the market during forecast period.
The global cable drum market is segmented on the basis of material, mechanism, and region. By material, it is divided into wood, plywood, plastic, and steel. By mechanism, it is bifurcated into manual, and motorized. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The major players operating in the global market have adopted key strategies such as acquisitions and product launch to strengthen their market outreach and sustain the stiff competition in the market.
KEY BENEFITS FOR STAKEHOLDERS
? The report provides an extensive analysis of the current and emerging cable drum market trends and dynamics.
? In-depth cable drum market analysis is conducted by constructing market estimations for the key market segments between 2018 and 2026.
? Extensive analysis of the market is conducted by following key product positioning and monitoring of the top competitors within the cable drum market framework.
? A comprehensive analysis of all the regions is provided to determine the prevailing opportunities.
? The global cable drum market forecast analysis from 2018 to 2026 is included in the report.
? Key market players within cable drum market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the cable drum industry.
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KEY PLAYERS
– Bryant Unlimited
– Cable Equipements
– Conductix-Wampfler
– Coxreels
– Hannay Reels
– Hildebrandt Group
– Nicoletti
– Schill GmbH & Co. Kg.
– Schwabe GmbH
– Svenssongroup
GLOBAL CABLE DRUM MARKET SEGMENTS
BYMATERIAL
– Wood
– Plywood
– Plastic
– Steel
BY MECHANISM
– Manual
– Motorized
BY REGION
– North America
o U.S.
o Canada
o Mexico
– Europe
o Germany
o France
o Italy
o UK
o Rest of Europe
– Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
– LAMEA
o Latin America
o Middle East
o Africa
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
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