Market Size – The extension cord reels market size has grown strongly in recent years. It will grow from $1.94 billion in 2023 to $2.08 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to rise in demand for extension cord reels with higher power ratings, increased adoption of extension cord reels in the healthcare industry, increased focus on energy efficiency and cost savings, rise in mining and oil and gas industries, increased adoption of extension cord reels in the telecommunications industry.
The extension cord reels market size is expected to see strong growth in the next few years. It will grow to $2.81 billion in 2028 at a compound annual growth rate (CAGR) of 7.8%. The growth in the forecast period can be attributed to growing construction and infrastructure development projects, increasing demand for extension cord reels in industrial and manufacturing sectors, increasing focus on workplace safety and compliance with regulations, expanding e-commerce and online retail channels, expanding automotive and transportation industries. Major trends in the forecast period include demand for portable and retractable extension cord reels, demand for extension cord reels with added features like surge protection, investment in renewable energy projects and installations, demand for extension cord reels with longer cable lengths, product innovation .
Order your report now for swift delivery @ https://www.thebusinessresearchcompany.com/report/extension-cord-reels-global-market-report
Scope Of Extension Cord Reels MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Extension Cord Reels Market Overview
Market Drivers –The increasing construction activities are expected to propel the growth of the extended cord reels market going forward. Construction activities encompass a wide range of tasks involved in building, renovating, and maintaining structures and infrastructure. These activities are essential for creating residential, commercial, and industrial buildings and public works such as roads, bridges, and utilities. The increasing construction activities are due to rapid urbanization, infrastructure development, and a focus on efficiency and accuracy in building projects. Extended cord reels are crucial in facilitating electrical power distribution on construction sites, offering practical solutions for managing cords, improving safety, and enhancing productivity. For instance, in December 2021, according to the United States Census Bureau, a US-based government agency, the value of construction activities increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a growth rate of 10.2%. Therefore, the increasing construction and real estate activities drive the extended cord reels market.
Market Trends – Major companies operating in the extension cord reels market are developing innovative solutions, such as LED lights for electric cord reels, to enhance visibility and safety in work environments. LED lights for electric cord reels are integrated illumination solutions designed to enhance the usability and functionality of cord reels. These LED lights can serve multiple purposes, making the cord reels more versatile and user-friendly. For instance, in February 2024, coxreels, a US-based company that manufactures extended cord reels, launched new LED Lights for c series reels to meet the latest power distribution requirements. The lights have a durable aluminum housing and shatter-resistant polycarbonate lenses and are rated for operation in extreme temperatures from -40°F to 140°F. They are also resistant to water, dust, and impact. These air hose/electric cord reels are designed for applications that require both pneumatic air and electrical power, particularly in limited space settings.
The extension cord reels market covered in this report is segmented –
1) By Product Type: Manual Extension Cord Reels, Retractable Extension Cord Reels, Motorized Extension Cord Reels
2) By Application: Home And Residential, Commercial And Industrial, Outdoor And Recreational
3) By End-Users: Residential Users, Commercial Users, Industrial Users
Get an inside scoop of the extension cord reels market, Request now for Sample Report @ https://www.thebusinessresearchcompany.com/sample.aspx?id=15806&type=smp
Regional Insights – North America was the largest region in the extension cord reels market in 2023. The regions covered in the extension cord reels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the extension cord reels market are General Electric Company , Schneider Electric SE, ABB Ltd., Toshiba Corp., Eaton Corporation, Grainger, Stanley Black & Decker inc., Emerson Electric Co., Legrand SA, Hubbell Inc., OSRAM Group, Leviton Manufacturing Company, Seoul Semiconductor Co. Ltd., Cooper Lighting, Reelcraft Industries Inc., GlobTek Inc., Thomas & Betts Corporation, Coxreels Co., Amtek Co., APC Group Inc., L-com Inc., Hindustan Engineering, International Cord Sets Inc., J.K. Enterprises Inc., AGS Electrical Company
Table of Contents 1. Executive Summary2. Extension Cord Reels Market Report Structure3. Extension Cord Reels Market Trends And Strategies4. Extension Cord Reels Market – Macro Economic Scenario5. Extension Cord Reels Market Size And Growth…..27. Extension Cord Reels Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
