Cable Tray Market Report 2026

The cable tray market size has grown strongly in recent years. It will grow from $5.4 billion in 2025 to $5.73 billion in 2026 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to expansion of commercial construction projects, growth of industrial electrification, increasing use in power distribution networks, adoption in manufacturing facilities, demand for organized cable routing.

The cable tray market size is expected to see strong growth in the next few years. It will grow to $7.18 billion in 2030 at a compound annual growth rate (CAGR) of 5.8%. The growth in the forecast period can be attributed to rising investments in data center infrastructure, expansion of renewable power installations, growth of smart building projects, increasing demand for fire-resistant systems, focus on long-term durability. Major trends in the forecast period include growing deployment of modular cable management systems, rising demand for corrosion-resistant cable trays, expansion of cable trays in data centers, increasing adoption in renewable energy projects, focus on lightweight and high-load designs.

The growing construction sector is expected to drive the growth of the cable tray market. Construction involves installing and assembling project tools and materials on-site according to approved plans, guidelines, and specifications. Cable trays are widely used in construction for organized cable management, providing protection, accessibility, flexibility, and cost-effective safety solutions. For example, in June 2025, Eurostat, the Luxembourg-based statistical office of the European Union, reported that construction production in April 2025 increased by 3% in the euro area and by 2.5% in the EU compared with April 2024. Consequently, the expanding construction sector is supporting the growth of the cable tray market.

Major companies in the cable tray market are concentrating on developing innovative products, such as enhanced cable capacity that allows for greater cable management without the need for additional cutting. Enhanced cable capacity involves technological advancements and design modifications in power cables to enable them to carry larger amounts of electrical current without overheating or resulting in energy losses. For instance, in January 2024, Panduit, a US-based electronics manufacturing company, launched the Wire Basket Cable Tray Routing System, designed to improve cable management in data centers. This new cable tray routing system features an improved strength-to-weight ratio for easier and faster installations. Its grid pattern enhances cable capacity while minimizing wire cutting, thereby improving safety and efficiency. Customizable in various sizes and materials, it ensures proper bend radius control at intersections, making it ideal for data centers, connected buildings, and industrial environments, and supporting quick and cost-effective deployment.

In February 2023, Creative Composites Group (CCG), a US-based manufacturer of fiber-reinforced polymer (FRP) composites, completed the acquisition of Enduro Composites Inc. for an undisclosed amount. This strategic acquisition enhances CCG's product offerings and manufacturing standards. Enduro Composites Inc. is a US-based manufacturer specializing in fiberglass tanks, pipes, roofing, and cable trays.

Major companies operating in the cable tray market are Schneider Electric SE, ABB Ltd, Eaton Corporation plc, Legrand SA, Hubbell Incorporated, Atkore Inc, Cooper Industries Inc., nVent HOFFMAN, Thomas & Betts, RS Components Ltd., Basor Electric Inc., MP Husky USA, Techline Mfg., Ellis Patents Limited, Niedax Group, Unitrunk Limited, Chalfant Manufacturing Company, SnakeTray, Johnson Bros. Roll Forming Co., Vantrunk Ltd, Selco Manufacturing Corp., Acme Wire Products Co. Inc., Wieland Electric GmbH, Wiremaid Products Corp., Oglaend System Group.

Asia-Pacific was the largest region in the cable tray market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cable tray market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the cable tray market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The cable tray market consists of sales of basket cable trays, power cables, and control cables. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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