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In 2018, the cord and cable reels market generated revenue of US$ 6,404.0 Mn and is expected grow at a CAGR of 5.1% over the forecast period from 2019 to 2027.

A cord and cable reel is a product used to carry various types of electrical wires. Cable reels are drum shaped and are in wood, plastic, plywood, or steel. Cable reels are suitable for use in residential, commercial, and industrial applications. Cable and cord reels keep hoses and cables organized and off the ground for safer, more efficient worksite or plant environment.

Cable reels are either spring loaded, motorized or manual. Manufacturers in the market are focused on offering cable reels for flexible installation. Custom-engineered cable reels for high speed and heavy duty applications are trending in the market. Cord and cable reels help save space, reduce maintenance cost, and enhance safety at warehouses, manufacturing facilities, and in other applications. These features are expected to drive demand for cord and cable reels over the forecast period. In residential environment, cable reels are used in home improvement applications. For instance, Schneider Electric offers small and compact cable reels for residential applications. Industrial application segment held the dominant share in the global cord and cable reels market in 2018. The industrial applications of cable and cord reels include power or fluid supply, moving equipment and tools, battery charging for electric cars, and providing workstation-level support to industry and assembly workers. Furthermore, cable reels are an ideal power delivery solution for crane and hoist applications, including overhead cranes, monorails and magnet cranes as well as marine terminal applications such as ship-to-shore cranes. Increasing demand from these applications is expected to drive growth of the industrial segment over the forecast period.

Factors Driving Growth of the Global Cord and Cable Reels Market:

Increasing demand for cord and cable reels in various industrial and commercial applications is fuelling growth of the cord and cable reels market. Rising awareness regarding safety in commercial environment is one of the key factors aiding in growth of cord and cable reels. Cable reels are used in fire safety equipment and trucks. Electric cable reels are used to keep fire apparatus batteries charged. For instance, Hannay Reels Inc. manufactures cable reels which allow continuous current during cable payout and rewind. Companies such as Brennenstuhl GmbH offer building-site cable reels which are specially certified for the requirements and use on building sites. Companies such as Hunter Spring Products offer DuraReel medical cord reels specifically for medical applications. DuraReel medical cord reels are manufactured with an antimicrobial additive to safeguard the cord reel from odor, mildew, and mold. Cavotec offers electrical power and spreader cable reels for ship-to-shore (STS) container cranes. Companies such as HWG offers hot water reels for hot water wash-down in food preparation areas.

Moreover, cord and cable reels are widely used in various industrial applications such as food and beverages, wastewater treatment, and power distribution, etc. Such diverse applications of cord and cable reels in commercial and industrial sectors is driving the market growth.

Furthermore, the National Electrical Manufacturers Association (NEMA) in U.S., the electrical safety committee, established certain standards under NEMA-3 and NEMA-4, which mandates the adoption of cable reels in industrial applications. These factors are expected to drive demand for cord and cable reels in the industrial sector over the forecast period.

Global Cord and Cable Reels Market: Regional Insights:

On the basis of region, the cord and cable reels market is segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. Asia Pacific is expected to be the dominant region in the global cord and cable reels market over the forecast period, exhibiting a CAGR of 6.2% from 2019 to 2027. The growth of this region is attributed to increasing demand from industrial applications in countries such as China and India. Key players in the market are focused on expanding their product portfolio to meet diverse application requirements owing to significant demand from the region. The demand for cable reels is also driven by increasing investments in construction projects across the region.

Market Developments:

  • In April 2019, Reelcraft launched new Series 3000 reels for a wide range of bench mount or mobile applications with critical space requirements.
  • In May 2019, Hubbell launched new inREACH mounting bracket specifically designed to enhance installation efficiency of cord reels.
  • In September 2018, Legrand released new series of Pass & Seymour Cable Reels as an addition to its industrial product line. The cable reels varieties include, the 1000 Series, the 1200 Series, the 1400 Series, and the Static Discharge Reels.
  • In 2018, Cavotec supplied cable reels to Chinese crane manufacturer, ZPMC, at Port of Tanjung Pelepas (PTP) in Malaysia. Cavotec supplied eight electrical power reels with drums measuring 6.4m, and eight spreader reels with a maximum lifting distance of 73.5 m. 
  • In January 2019, Reelcraft launched new Series LG Cord Reels. The reel is offered with 65 ft of 12/3 cord or 75 ft of 14/3 cord. The light cord reel features a 1300 Lumen LED light, a grounded 12 A outlet and an on/off switch.

Prominent players in the market include Schneider Electric SE, United Equipment Accessories, Eaton Corporation, Emerson Electric Co., Legrand North America, LLC., TE Connectivity, Cavotec SA, Reelcraft Industries, Delachaux Group (Conductix-Wampfler), DEMAC, Hubbell, SCAME PARRE S.p.A., Nederman Holding AB, and Others.

Global Cord and Cable Reels Market: Taxonomy

Global Cord and Cable Reels Market by Type:

  • Spring Loaded Cord and Cable Reels
  • Motorized Cord and Cable Reels
  • Manual Cord and Cable Reel

 Global Cord and Cable Reels Market by Application:

  • Residential
  • Commercial
  • Industrial

Global Cord and Cable Reels Market by Region:

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

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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