U.S. Cable Tray Market Size, Share & COVID-19 Impact Analysis, By Material (Steel, Aluminum, and Stainless Steel), By Type (Ladder {Swaged Ladder and Welded Ladder}, Solid Bottom, Trough, Channel, Wire Mesh, and Single Rail) and By End-user (Power, Construction, Manufacturing, IT & Telecom, and Others), and Country Forecast, 2023-2030

The U.S. cable tray market size was worth USD 818.89 million in 2022 and is projected to grow at a CAGR of 12.02% during the forecast period. 

Cable trays deliver and manage the transmission and distribution network of electrical cables, raceways, and insulated conductors in the commercial and industrial sectors. They provide a cost-effective and efficient solution for managing cables in various industries such as construction, oil and gas, and power generation. Moreover, these trays are resistant to corrosive environments and are easy to install. These factors are expected to proliferate the demand for the product in the country.

The U.S. market has witnessed significant growth in recent years, supported by the rise in energy demand. The growing number of projects in the U.S. is further boosting the requirement for the product, In recent, On March 14, 2023, the U.S. government announced to invest USD 27 billion in solar projects, fund 12 battery research projects, approved the Alaska oil and gas development, and other major projects including the use of cable trays.

The COVID-19 pandemic negatively impacted the U.S. cable tray market significantly. The disruptions in the supply chain and manufacturing activities, lockdowns, and border closures have disrupted global trade and logistics, leading to a shortage of raw materials and components required to produce these trays.

U.S. Cable Tray Market Trends

Growth of IT Infrastructure to Bolster the Demand for Modern Cable Tray Management Solutions

The demand for cable tray management systems has experienced noteworthy growth owing to the rapid development of information technology in the U.S. As IT infrastructure grows, the need for modern management systems becomes important, prompting key players to introduce dependable products to support these needs.

In May, 2023, the Data Center World Expo Hall showcased cutting-edge data center products and services. Its notable innovation included the ‘Containment System’ developed by Unistrut Aisle, a manufacturer of electrical appliances. Specially designed for data center projects, this comprehensive solution aims to improve both quality and efficiency. The system offers flexibility and integrates various elements to support cables, lighting, wire baskets, and busbar systems. It also addresses the changing needs of data and provides a reliable infrastructure to streamline the management of cables and other critical components. By implementing the ‘containment system,’ data centers can achieve improved organization, airflow management, and operational efficiency.

U.S. Cable Tray Market Growth Factors

Growing Focus on Safety and Organization to Fuel Market Growth

The demand for cable trays is increasing due to an amplified focus on safety and organization in different industries. As businesses identify the significance of preserving a safe and efficient work environment, the requirement for reliable management systems becomes vital. The product provides a safe and organized way to support electrical wiring systems, ensuring they operate efficiently and without disruptions.

Furthermore, the government has rules and regulations to install the product in buildings properly. For instance, as per the U.S. Department of Labor, the utilization and installation of the product are covered by legally enforceable OSHA Rules in 29 CFR 1910.305(a)(3) or similar standards declared by states-controlled OSHA-approved State plans.

RESTRAINING FACTORS

Availability of Alternative Products May Hinder Market Growth

The availability of low-cost alternatives, such as conduit systems, raceways, and traditional basket trays, may restrain the U.S. market growth. For instance, in July 2021, Legrand introduced the Cablobend Systems for Data Center Projects, allowing contractors to flexibly create the bends and drops needed without cutting.

Conduit systems and raceways offer inexpensive alternative options to the product, which can appeal to businesses looking to reduce construction costs. However, these alternatives may not deliver the same level of protection and organization as management systems, leading to potential hazards, such as damage to wiring systems, fire, or electrocution.

U.S. Cable Tray Market Segmentation Analysis

By Material Analysis

Based on material, the market is segmented into steel, aluminum, and stainless steel. The aluminum segment held the largest market share in 2022 owing to the superior properties it delivers to the final product. It has numerous benefits, such as its lightweight nature, corrosion resistance properties, and cost-effectiveness. Aluminum is the highly preferred material for this type of trays owing to its property of self-generating a protective layer. These are covered with aluminum hydroxide and aluminum oxide, creating a white film that provides extra resistance to corrosion and delivers better cable protection.

By Type Analysis

Based on type, the market is segmented into ladder, solid bottom, trough, channel, wire mesh, and single rail. The ladder segment held the largest U.S. cable tray market share in 2022, owing to its several benefits. It allows excellent airflow between the cables, which helps heat dissipation and keeps high ventilation levels so that the cables do not exceed operating temperatures. Moreover, the companies are launching new product ranges to compete with management system challenges.

• For instance, in June 2020, Vantrunk's new product range, I-Beam aluminum Cable Ladder, builds on their experience supplying specialized, galvanized structural steel and stainless-steel cable management and support systems for the global energy, oil and gas, and heavy engineering sectors.

By End-user Analysis

Based on end-user, the market is segmented into power, construction, manufacturing, IT & telecom, and others. The construction segment accounted for the largest U.S. market share in 2022, owing to the increasing number of new infrastructure development projects in the country. The number of construction activities is boosting the demand for better management systems in the sectors. Residential buildings, hospitals, and shopping malls are the end-user who are key driving factors in the construction sector.

• For instance, the first phase of the new Amazon HQ2 office space at National Landing, which began in January 2020, is scheduled to be completed by 2023.


• In November 2021, Samsung announced its plans to construct a USD 17 billion semiconductor fabrication site in Texas. Its operations are expected to begin in 2024.

List of Key U.S. Cable Tray Market Companies

In terms of the competitive landscape, this market portrays the presence of established and emerging companies as demand for the product is increasing rapidly. ABB has a significant market share in the U.S. The company produces various products, such as perforated trays, cable ladders, channel trays, and struts, at its production facilities in Canada.

Other companies with a considerable presence in the market include Atkore International Group Inc., MP Husky LLC, and Niedax MonoSystems, Inc. Moreover, on June 30, 2022, Niedax Group announced the acquisition of Canadian Electrical Raceways and will expand its business in North America. MonoSystems, based in New York, is one of the leading producers of cable management systems in North America.

LIST OF KEY COMPANIES PROFILED:

• ABB  (Switzerland)


• Atkore International Group Inc., (U.S.)


• MP Husky LLC (U.S.)


• Niedax MonoSystems, Inc., (U.S.)


• Eaton Corporation (Ireland)


• Hubbell Incorporated (U.S.)


• Legrand (France)


• SnakeTray (U.S.)


• Wiremaid (U.S.)


• Chatsworth Products (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• January 2023: Snake Tray launched the Snake Tray 801 range Mega Snake Cable Tray, a cut all other wire basket trays. The Mega Snake tray is a pre-configured, high-capacity system that is as robust as a steel ladder but markedly more versatile to decrease installation costs dramatically. 


• April 2021: Atkore is proud to proclaim the launch of EAGLE BASKET, one of the industry's sturdiest welded wire management systems. EAGLE BASKET, open under Atkore’s flagship Cope and U.S. Tray brands, is factory-made in the U.S. with high-quality steel wires, creating a 2" x 4" mesh cable basket to achieve and route the growing number of cables essential to keep an operation running.


• April 2020: NEMA announced a Memorandum of Understanding (MoU) between the Unified Bulk Joint Industry Project and NEMA series Section to develop harmonized cable tray requirements that are within the scope of Installation Guidelines, Metal Cable Tray Systems, and NEMA Standards.

REPORT COVERAGE

The market research report provides a detailed analysis of the market and focuses on key aspects such as an overview of the technological advancements and trends. Additionally, it includes key findings, new product launches, key industry developments such as mergers, partnerships, acquisitions, and the impact of COVID-19 on the market. In addition to the aforementioned factors, it encompasses several factors that have contributed to the growth of the market over recent years.

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