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How Has the Cord And Cable Reels Market Size Changed, over the years?

In recent times, the market size of cord and cable reels has significantly expanded. The market is expected to evolve from $8.06 billion in 2024 to $8.58 billion in 2025, displaying a compound annual growth rate (CAGR) of 6.5%. The surge during the historical period can be linked to the increasing requirement for industrial cable reels, industrial operations expansion, escalating emphasis on predictive maintenance, surging demand for smart reels, and the growing utilization of cord and cable reels in both residential and commercial environments.

How Much Will the Cord And Cable Reels Market Be Worth in 2029?

The market size for cord and cable reels is anticipated to witness a robust growth in the coming years, ballooning up to $10.92 billion in 2029 with an annual compound growth rate (CAGR) of 6.2%. This predicted growth during the projected period is largely due to escalating demand from the construction industry, increasing preference for cord and cable reel systems in data centers, heightened needs from the electronics and electrical industry, and a heightened focus on workplace safety. A surge in awareness about safety in a commercial setting is also a contributing factor. In the forecast period, key trends include progress in cable management, industrial automation, the integration of supportive technologies, the advancement in materials and manufacturing, along with the rising demand for tailor-made solutions.

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Which is the Largest Company in the Cord And Cable Reels Market?

Major companies operating in the cord and cable reels market are Eaton Corporation, Emerson Electric Co., Wabtec Corporation, Legrand SA, Hubbell Inc., Nederman GmbH, Gunnebo Industries, Conductix-Wampfler GmbH, Cavotec SA, Scame, Paul Vahle GmbH & Co. KG, Reelcraft Industries Inc., Coxreels Co., Gleason Reel Corporation, Demac Srl, United Equipment Accessories Inc., Hannay Reels Inc., Bright Industries, Embicon Tech Hub, Hartmann & König Stromzuführungs, Hinar Electric Co., Stemmann-Technik GmbH, Hindustan Engineers, Vijay Engineering Corporation, Harsh Industries

What Are the Main Market Drivers in the Cord And Cable Reels Industry?

The surge in construction work is anticipated to fuel the expansion of the cord and cable reels market. Construction work entails the tangible creation of buildings, structures, and other facilities. This escalating construction trend is in response to rapid urbanization, infrastructure expansion, and an emphasis on precision and efficiency in construction undertakings. Cord and cable reels provide benefits such as improved efficiency, enhanced safety, ease of mobility, and better construction project management. For example, Eurostat, a government agency based in Luxembourg, reported in February 2024 that the average annual building production in the EU and the eurozone increased by 0.1% and 0.2% respectively as compared to 2022. Consequently, the rising construction undertakings fuel the growth of the cord and cable reels market.

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How Is the Cord And Cable Reels Market Segments Structured?

The cord and cable reels market covered in this report is segmented –

1) By Type: Spring Loaded, Motorized, Manual

2) By Material: Metal, Plastic

3) By Application: Industrial, Commercial, Residential

4) By End-User: Construction, Manufacturing, Automotive, Energy, Marine

Subsegments:

1) By Spring Loaded: Automatic Retractable Reels, Manual Spring-Loaded Reels

2) By Motorized: Electric Cord Reels, Pneumatic Cord Reels

3) By Manual: Hand Crank Reels, Wind-Up Reels

What Strategic Trends Are Transforming the Cord And Cable Reels Market?

Leading firms in the cord and cable reels market are innovating by producing retractable power cord reels, which boost usability, safety, and effectiveness in several sectors. Such power cord reels, when retracted, provide easy and safe access to power, reducing the mess and potential dangers of loose cords. These reels provide many advantages including increased safety, better organization, and efficiency, which render them useful in numerous industries. For instance, in February 2024, SKF Lincoln, a manufacturing company in the US, launched a new 60-foot retractable electrical power cord reel. This product, packed with high-quality and top notch features, is aimed at enhancing safety, usability, and productivity in diverse areas where electricity is crucial. It can be utilized in a wide array of applications, such as construction, maintenance and several other sectors.

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Which Global Regions Offer the Highest Growth in the Cord And Cable Reels Market?

Asia-Pacificwas the largest region in the cord and cable reels market in 2023. The regions covered in the cord and cable reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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This Report Delivers Insight On:

1. How big is the cord and cable reels market, and how is it changing globally?

2. Who are the major companies in the cord and cable reels market, and how are they performing?

3. What are the key opportunities and risks in the cord and cable reels market right now?

4. Which products or customer segments are growing the most in the cord and cable reels market?

5. What factors are helping or slowing down the growth of the cord and cable reels market?

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