Cable Drum Market Value, Share, Demand, Key Players and Outlook till 2028

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: 

Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Design:

Breakup by Material:

Breakup by Mechanism:

Breakup by End Use:

Breakup by Region:

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Key Highlights of the Report:

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