Cable Drum Market – Global Industry Analysis and Forecast (2023-2029)

Cable Drum Market has valued at US$ 598.62 Mn. in 2022. The Cable Drum Market size is estimated to grow at a CAGR of 4.6% over the forecast period.
Cable Drum Market Overview:
Cable Drums are used to transport a variety of wires, including electrical and optical fiber. Depending on the application, they are typically composed of plywood, wood, plastic, or metal and are available in a variety of sizes and weights. For example, Plywood drums are commonly used in the construction sector for transporting light loads as they are cost-effective, lightweight, and durable. Steel drums are also gaining ground in the oil and gas industry, where they are outperforming traditional wooden drums in terms of durability and environmental friendliness. The demand for cable drums is currently being driven by the emerging trend of automation in industrial processes, which includes industrial ethernet, instrumentation and control cables, communication cables for protocols, and variable frequency drive (VFD) for drive circuits, along with portable power and cord products.To know about the Research Methodology :- Request Free Sample Report
Cable Drum Market Dynamics:
The substantial development in the oil sector and natural gas production across the globe is a major factor driving the need for cable drums. In addition, an increase in the use of cables in the construction industry has an impact on market growth. However, domestic manufacturers are expected to limit the market growth. In addition, an increase in government electricity expenditures across the globe, particularly in Asia-Pacific, Africa, and Latin America, is expected to provide attractive growth possibilities for the market over the forecast period.

The automotive and manufacturing industries heavily depend on industrial automation wires. VFD cables for drive circuits, portable power & cord goods, industrial ethernet cables, instrumentation & control cables, and industrial communication cables for protocols are among the cables available. The market's growth is fueled by automation in the modernization and extension of existing industrial facilities.

Cable Drum Market Trends:

One of the primary factors positively affecting demand for cable drums in the telecommunications sector across the globe is the rising penetration of 4G and 5G networks, which coincides with developments in smartphones. The major growth of subsurface electrification, particularly in developing countries like India, China, and Brazil is also boosting the market growth. In addition, market growth is aided by the rising global need for energy as a result of fast urbanization and a growing global population. As more people are migrating to cities, the demand for infrastructure facilities in metropolitan regions is also growing. This, together with government measures in a number of nations to promote public infrastructure projects through loans, investments, and subsidies, is boosting the market's growth.
Cable Drum Market Segment Analysis:
Based on Type, the Cable Drum Market is segmented into Wooden Cable Drums, Plywood Cable Drums, Plastic Cable Drums, and Steel Cable Drums. In 2022, the Wooden Cable Drums segment held the largest market share, accounting for 51% and it is expected to continue to dominate by 2029. At the same time, the Plastic Cable Drums segment had the highest CAGR of 4.4% percent during the course of the study. Plywood and steel are two more sectors mentioned in the paper.

Based on Mechanism, the Cable Drum Market is segmented into Manual and Motorized. The motorized segment captured the most market share, accounting for more than half of the global market in 2022.
Cable Drum Market Regional Insights:
The Asia Pacific region held the largest market share accounting for 38% in 2022. The need for cable drums in the region is being driven by a significant growth in industrial operations and increase in a variety of industries such as automotive, equipment manufacturing, and power generation. Increased underground electricity and telecommunication network growth in countries like India, Vietnam, Malaysia, China, and Thailand are also boosting the cable drum industry. The Asia Pacific area is also the world's largest producer of electrical and electronic products, as well as automobiles. Due to the strong need for wire and cables, the cable drum market for cable drums in the region is expected to grow.

The North America region is expected to witness noteworthy growth at a CAGR of 5.3% through the forecast period. The growing focus on digitalization in region increases the demand for fibre optics and other cables, propelling the cable drums market growth.

The objective of the report is to present a comprehensive analysis of the global Cable Drum Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The reports also help in understanding the Cable Drum Market dynamic, structure by analyzing the market segments and projecting the Cable Drum Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the Cable Drum Market make the report investor’s guide.
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Cable Drum Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 598.62 Mn.


Forecast Period 2023 to 2029 CAGR:
4.5%
Market Size in 2029:
US $ 820.11 Mn.


 Segments Covered:
by Design
Standard
Custom


by Type
Wooden Cable Drums
Plywood Cable Drums
Plastic Cable Drums
Steel Cable Drums


by Mechanism
Manual
Motorized



Cable Drum Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Cable Drum Market Key Players are:
1. Bryant Unlimited
2. Cable Equipements
3. Conductix-Wampfler
4. Coxreels
5. Hannay Reels
6. Hildebrandt Group
7. Nicoletti
8. Schill GmbH & Co. Kg.
9. Schwabe GmbH
10.Svenssongroup
11.Eshal Traders & Co.
12.Eaton
13.LANCIER CABLE GmbH
14.Molex, LLC
15.Nederman Holding AB
16.Reelcraft Industries
17.Topring
18.United Equipment Accessories
19.Zeca S.P.A

Frequently Asked Questions:

1] What segments are covered in the Cable Drum Market report?
Ans. The segments covered in the Cable Drum Market report are based on the Type and Mechanism.

2] Which region is expected to hold the highest share in the Cable Drum Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Cable Drum Market.

3] What is the market size of the Cable Drum Market by 2029?
Ans. The market size of the Cable Drum Market by 2029 is expected to reach nearly US$ 820.11 Mn.

4] What is the forecast period for the Cable Drum Market?
Ans. The forecast period for the Cable Drum Market is 2022-2029.

5] What was the market size of the Cable Drum Market in 2022?
Ans. The market size of the Cable Drum Market in 2022 was valued at US$ 598.62 Mn.