Cable Drum Market Report, Company Analysis, Business Challenges and Opportunities

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IMARC Group has recently released a new research study titled “Cable Drum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the cable drum market?

The global cable drum market size reached US$ 635.2 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 799.1 Million by 2028, exhibiting a growth rate (CAGR) of 3.4% during 2023-2028.

What are cable drums? 

Cable drums, or cable reels, are spool-shaped reeling containers used for carrying and dispensing electrical and optic fiber wires. They are manufactured using various materials, such as plastic, plywood, timber and metal, based on the application it is being utilized for. Cable drums are also used for storing and transporting ropes, chains, conduits and wires without entangling them. They are durable, lightweight, customizable, cost-effective and can endure extreme weather conditions. They are widely used in automobile garages, mining equipment, crane manufacturing, cable handling and transportation applications.

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Market Trends and Drivers:

The global cable drum market is primarily being driven by the increasing product demand across the telecommunication industry. Due to the rising penetration of 4G and 5G technologies, cable drums are widely used for deploying industrial ethernet, instrumentation and control cables and communication cables. Moreover, various technological advancements, such as the development of smart cable drums that aid in theft protection through built-in global positioning system (GPS) modules, are providing a thrust to the market growth. Other factors, including the widespread product adoption in the automotive industry, along with rising investments in public and private construction projects, are creating a positive outlook for the market.

Major Players Covered: 

  • Cable Equipements
  • CONDUCTIX-Wampfler (Delachaux)
  • Coxreels
  • Willmar Schwabe GmbH & Co. KG
  • Eaton Corporation plc
  • Hannay Reels Inc.
  • Hildebrandt Group
  • Meccanica Nicoletti s.r.l.
  • Schill GmbH & Co. KG
  • Svensson Wire and Cable Packaging AB

Explore Full Report Description At: https://www.imarcgroup.com/cable-drum-market

Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Design:

  • Standard
  • Custom

Breakup by Material:

  • Wood
  • Plywood
  • Plastic
  • Steel

Breakup by Mechanism:

  • Manual
  • Spring Loaded
  • Motorized

Breakup by End Use:

  • Cable Handling and Transportation
  • Crane Manufacturing
  • Mining Equipment
  • Garages
  • Others

Breakup by Region:

  • North America
  • Asia-Pacific
  • Europe
  • Latin America
  • Middle East and Africa

Ask Analyst for Customization and Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/request?type=report&id=4213&flag=C

Key Highlights of the Report:

  • Market Performance (2016-2021)
  • Market Outlook (2022-2027)
  • Market Trends
  • Market Drivers and Success Factors
  • Impact of COVID-19
  • Value Chain Analysis
  • Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

About Us                                                                                    

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact:
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: sales@imarcgroup.com
Phone: +1-631-791-1145
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State: NY
Country: United States

 

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