Dublin, May 7, 2020 (Issuewire.com) - The global cable tray market has witnessed substantial growth in recent years. The increased demand for cable trays by end-use industries especially construction and IT and Telecommunication industry, as well as growing usage of cable conduits, are the major factors which are propelling the growth of the cable tray market.
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The construction segment is expected to grow at a substantial rate during the forecast period owing to the increased construction activities in emerging economies. Also, the rise in investment in industrial infrastructure projects will further bolster the growth of the market. Cable trays are available in numerous sizes and shapes and are capable of supporting electric power, signal, control, instrumentation as well as communication cables safely and cost-effectively.
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Asia-Pacific region is expected to grow at a substantial rate during the forecast period in the global cable tray market owing to the rise in urbanization in the region. The increase in the construction activities and significant government support to build smart cities in the emerging economies such as India and China will give a significant boost to the growth of the cable tray market in the region.
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This research report on the global cable tray provides in-depth analysis of the global cable tray market based on end-use, material and major geographies for the period from 2016 to 2021. The report highlights the major market drivers pushing the growth and challenges faced by market participants. The research report provides market size and forecast for cable tray market. The report also analyses the competitive landscape and the major player and their market share in 2016. The competitive landscape section of the report also captures and highlights the recent development in the market.
Key questions this research would answer:
Is the cable tray market growing? How long will it continue to grow and at what rate?
What are the key drivers and restraints in the current market? What will be the impact of drivers and restraints in the future?
What are the regional revenue and forecast breakdowns? What are the regional hotspots for growth in the cable tray market?
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