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.
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.
COMPETITION ANALYSIS
The major market participants profiled in this report include Hildebrandt Group, Schwabe GmbH, Cable Equipements, Conductix-Wampfler, Coxreels, Nicoletti, Bryant Unlimited, Hannay Reels, and Svenssongroup.
KEY BENEFITS FOR STAKEHOLDERS
GLOBAL CABLE DRUM MARKET SEGMENTS
BY MATERIAL
BY MECHANISM
BY REGION
KEY PLAYERS
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.
COMPETITION ANALYSIS
The major market participants profiled in this report include Hildebrandt Group, Schwabe GmbH, Cable Equipements, Conductix-Wampfler, Coxreels, Nicoletti, Bryant Unlimited, Hannay Reels, and Svenssongroup.
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.
GLOBAL CABLE DRUM MARKET SEGMENTS
BY MATERIAL
- Wood
- Plywood
- Plastic
- Steel
BY MECHANISM
- Manual
- Motorized
BY REGION
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- UK
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
KEY PLAYERS
- Bryant Unlimited
- Cable Equipements
- Conductix-Wampfler
- Coxreels
- Hannay Reels
- Hildebrandt Group
- Nicoletti
- Schill GmbH & Co. Kg.
- Schwabe GmbH
- Svenssongroup
Frequently Asked Questions about the Global Cable Drum Market
What is the estimated value of the Global Cable Drum Market?
What is the growth rate of the Global Cable Drum Market?
What is the forecasted size of the Global Cable Drum Market?
Who are the key companies in the Global Cable Drum Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 191 |
| Published | January 2020 |
| Forecast Period | 2018 - 2026 |
| Estimated Market Value ( USD | $ 547.3 million |
| Forecasted Market Value ( USD | $ 767.5 million |
| Compound Annual Growth Rate | 4.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 9 |
Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Cable Drum Market , By Material
Chapter 5: Cable Drum Market , By Mechanism
Chapter 6: Cable Drum Market , By Region
Chapter 7: Company Profiles
Executive Summary
According to the report, titled, 'Cable Drum Market by Material and Mechanism: Global Opportunity Analysis and Industry Forecast, 2019-2026,' 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.Asia-Pacific is expected to be the leading contributor in the global cable drum market, followed by LAMEA, North America, and Europe. By material, the wood segment accounted for the highest market share in 2018 and the plastic segment is expected to witness a significant growth during the forecast period, owing to its installation in the power industry. There is an the increase in the adoption of cable drums in Asia-Pacific countries due to rise in investments on industrial manufacturing to strengthen economic growth. China is the world’s largest producer of electric wires and cables. It is also among the world’s leading consumers of electric cables, which drives the market growth.
Rise in investments in the telecom sector and technologically enhanced infrastructure across Europe majorly drives the market. There has been a growing adoption of cable drums in Europe due to rise in potential demand for cables for various industry applications.
In terms of mechanism, the motorized segment secured the highest share in the cable drum market in 2018 and the manual segment is expected to witness growth at a CAGR of 3.7%, during the forecast period, due to increase in emphasis on infrastructure and other industrial sectors.
The major players in the cable drum market, such as Hildebrandt Group, Schill GmbH & Co. Kg., Cable Equipment, and Conductix-Wampfler offer innovative cable drums to strengthen their presence in the cable drum market to sustain the intense competition.
The key players profiled in the report include Hildebrandt Group, Schill GmbH & Co. Kg., as - Schwabe GmbH, Cable Equipment, Conductix-Wampfler, Coxreels, Nicoletti, Bryant Unlimited, Hannay Reels, and Svenssongroup.
Key Findings of the Study
The report provides an extensive analysis of the current and emerging cable drum market trends and dynamics.
Depending on material, the wood segment dominated the cable drum market, in terms of revenue in 2018 and the plastic segment is projected to grow at a CAGR 5.1% during the forecast period.
By mechanism, the motorized segment led the cable drum market in 2018.
Asia-Pacific is projected to register the highest growth rate in the coming years.
Key market players within the 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.
The report provides an extensive analysis of the cable drum market trends and its emerging opportunities.
In-depth cable drum market analysis is conducted by constructing estimations for key segments between 2018 and 2026.
The global cable drum market forecast analysis from 2019 to 2026 is included in the report.
Companies Mentioned
- Hildebrandt Group
- Schwabe GmbH
- Cable Equipements
- Conductix-Wampfler
- Coxreels
- Nicoletti
- Bryant Unlimited
- Hannay Reels
- Svenssongroup.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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