DUBLIN, Feb. 24, 2023 /PRNewswire/ — The “Cable Drum Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global cable drum market size reached US$ 609 Million in 2021. Looking forward, the publisher expects the market to reach US$ 794 Million by 2027, exhibiting a CAGR of 4.52% during 2021-2027.
- Cable Equipements
- CONDUCTIX-Wampfler (Delachaux)
- Dr. 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
Cable drums are used to carry different types of wires, such as electrical and optic fiber. They are generally made using plywood, timber, plastic, or metal in varied sizes and weights, depending on the application.
For instance, plywood drums are widely employed in the construction industry for transporting light loads as they are economical, lightweight, and strong. Besides this, steel drums are gaining traction over conventional wooden drums in the oil and gas sector as they are durable and eco-friendly.
At present, the emerging trend of automation in industrial processes is driving the demand for cable drums and cables, including industrial ethernet, instrumentation and control cables, communication cables for protocols, and variable frequency drive (VFD) for drive circuits portable power and cord products.
Cable Drum Market Trends:
Rising penetration of 4G and 5G networks, in confluence with advancements in smartphones, represents one of the major factors positively influencing the demand for cable drums in the telecommunication sector around the world.
Besides this, a significant increase in underground electrification, especially in emerging countries, is stimulating the market growth. Apart from this, the escalating demand for energy worldwide on account of rapid urbanization and the expanding global population is contributing to market growth.
Moreover, the migration of many people to urban areas is increasing the demand for infrastructural facilities in metropolitan cities. This, along with initiatives undertaken by governing agencies of numerous countries are promoting public infrastructure projects through loans, investments, and subsidies, is bolstering the growth of the market.
The boosting sales of vehicles across the globe are also catalyzing the demand for cable drums in the automotive industry. Furthermore, the leading market players are focusing on advancing products, which is creating a positive market outlook.
Key Questions Answered in This Report:
- How has the global cable drum market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global cable drum market?
- What are the key regional markets?
- What is the breakup of the market based on the design?
- What is the breakup of the market based on the material?
- What is the breakup of the market based on the mechanism?
- What is the breakup of the market based on the end use?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global cable drum market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Cable Drum Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Design
6.1.1 Market Trends
6.1.2 Market Forecast
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Material
7.1.1 Market Trends
7.1.2 Market Forecast
7.2.1 Market Trends
7.2.2 Market Forecast
7.3.1 Market Trends
7.3.2 Market Forecast
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Mechanism
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Spring Loaded
8.2.1 Market Trends
8.2.2 Market Forecast
8.3.1 Market Trends
8.3.2 Market Forecast
9 Market Breakup by End Use
9.1 Cable Handling and Transportation
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Crane Manufacturing
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Mining Equipment
9.3.1 Market Trends
9.3.2 Market Forecast
9.4.1 Market Trends
9.4.2 Market Forecast
9.5.1 Market Trends
9.5.2 Market Forecast
10 Market Breakup by Region
11 SWOT Analysis
12 Value Chain Analysis
13 Porters Five Forces Analysis
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/o9skbw-drum?w=5
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SOURCE Research and Markets