NEW
YORK, July 8, 2024 /PRNewswire/ -- The global
reels and spools market size is estimated to grow by USD 779.9 million from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of 5.97%
during the forecast period. Rising data center construction
activities is driving market growth, with a trend
towards recycling services for reels and spools.
However, growth of wireless technology poses a challenge. Key
market players include ABC Plastics Inc., ACE METAL INC., Appiani
Group, Bobbins India, Boffi SpA, Boxy SpA, Carris Reels Inc.,
Comsuc Technology Development Ltd., George Evans Corp., GMP
Slovakia sro, Inosym Ltd., Khorporate Holdings Inc., Merrimac Spool
and Co., Nortic Inc., P and R Specialty Inc., Pentre Group Ltd.,
PKR Ltd., Sonoco Products Co., The Beacon Reel Co., and Vandor
Corp..
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Reels And Spools
Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
5.97%
|
Market growth
2024-2028
|
USD 779.9
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
5.28
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
APAC at 48%
|
Key
countries
|
US, China, India,
Germany, and UK
|
Key companies
profiled
|
ABC Plastics Inc., ACE
METAL INC., Appiani Group, Bobbins India, Boffi SpA, Boxy SpA,
Carris Reels Inc., Comsuc Technology Development Ltd., George Evans
Corp., GMP Slovakia sro, Inosym Ltd., Khorporate Holdings Inc.,
Merrimac Spool and Co., Nortic Inc., P and R Specialty Inc., Pentre
Group Ltd., PKR Ltd., Sonoco Products Co., The Beacon Reel Co., and
Vandor Corp.
|
Market Driver
Reels and spools are essential components used in various
industries, including telecommunications, manufacturing, and
packaging. These items are typically made from hard materials such
as plastics, wood, or steel. However, the disposal of used reels
and spools poses a challenge for end-users. Disposal methods, such
as burning or landfilling, incur significant operating costs due to
labor and energy requirements. For wooden reels, disposal in
landfills can negatively impact the environment. To address these
concerns, some market vendors, such as Sonoco Products, offer reel
and spool recycling services. These services include pickup of used
reels and spools from end-users' facilities and refurbishment or
resale of damaged items. By recycling reels and spools,
manufacturers and end-users can reduce procurement costs of raw
materials and promote sustainability. For instance, Andrew Wireless
Solutions, in partnership with CommScope, recycles used reels to
minimize environmental impact and lower costs. These initiatives
are expected to fuel the growth of the reels and spools market
during the forecast period.
Reels and spools are essential components in various industries,
including the Electrical & Electronics sector. Oak and maple
are popular material types for their durability and versatility.
Lightweight reels and spools are preferred for ease of handling and
transportation. In the Wire and Cable industry, tangled wires and
excess length are common issues, making organized reel systems a
must. Reels come in different gauges, tubes, and hoses, catering to
various applications. The Building and Construction industry uses
reels for raw packaging materials, while the Urbanization, Smart
Cities, Power Distribution, Transmission Infrastructure, and
Renewable Energy sectors rely on reels for wire and cable
management. Government regulations and supply chain disruptions,
including the pandemic, impact the reels and spools market. Fibre
optic cables also use spools in the Telecommunications industry.
The industry verticals continue to evolve, with trends towards neat
and tidy, wind and unwind systems.
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Market Challenges
- Wireless communication, which includes technologies like
Bluetooth, mobile communication systems, satellite communication,
and Wi-Fi, has witnessed significant growth due to its convenience
and cost advantages over wired communication. This trend is
expected to negatively impact the reels and spools market, as the
increasing adoption of cloud-based applications reduces the need
for in-house IT infrastructure and, consequently, the use of cables
and wires. The global wireless communication industry is expanding
rapidly, with companies employing organic growth strategies to meet
escalating demand. This shift from wired to wireless communication
is projected to decrease the requirement for reels used to
transport fiber optic, coaxial, and ethernet cables during the
forecast period.
- The Reels and Spools market encompasses the production and
supply of reels and spools used in various industries. Key material
types include metal, wood, and plastic. In the Building and
Construction sector, reels and spools are utilized for wire and
cable applications. Fibre optic cables are a significant
application in the Telecommunications industry. Urbanization and
the development of Smart Cities require extensive transmission
infrastructure, driving demand. Power Distribution and Renewable
Energy sectors also rely on reels and spools for power
transmission. Market challenges include government regulations,
supply chain disruptions, pandemic impacts, and trade regulations.
Import-export analysis is crucial for market players.
Infrastructural development, rising living standards, and
competitive positioning present opportunities. End-use industries
like Wire and Cable, Tube and Hose, and various Industry Verticals
are crucial consumers. Pricing, competitive opportunities, and
market investment opportunities are essential factors. Market
estimates and data are crucial for strategic decision-making.
Companies like Ace Matrix, P&R Specialty, Spoolon
Manufacturing, and Carris Reels
compete in this market, offering Reel Options for diverse
Application segments and Type segments.
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challenges - Request a sample report!
Segment Overview
This reels and spools market report extensively covers market
segmentation by
- Product
- Type
- 2.1 Metal reels and spools
- 2.2 Wooden reels and spools
- 2.3 Plastics and others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Reels- The Reels and Spools market refers to the
production and sale of cylindrical components used in various
industries, including printing and manufacturing. These products
are essential for winding and unwinding materials such as paper,
film, and thread. The market size is significant due to the wide
range of applications in packaging, textiles, and other sectors.
Producers focus on enhancing product quality and efficiency to meet
customer demands. The market is competitive, with key players
implementing pricing strategies and innovation to maintain market
share.
For more information on market segmentation with geographical
analysis including forecast (2024-2028) and historic data
(2017-2021) - Download a Sample Report
Research Analysis
Reels and spools are essential components in the production and
distribution of various types of cables, including wire and cable,
fibre optic cables, tube and hose. They come in different materials
such as metal and wood, and are available in both returnable and
non-returnable options. The market for reels and spools is diverse,
catering to various end-use industries like telecommunications,
power, automotive, and manufacturing. Fibre optic cables, in
particular, require specialized reels and spools due to their
delicate nature. The pricing of reels and spools depends on factors
like material type, size, and the specific industry application. In
countries with a strong manufacturing base, like China and the US, the demand for reels and
spools is high due to their extensive cable industries. The
material type of the reel or spool significantly impacts its cost
and performance. For instance, metal reels offer better durability
and are commonly used for heavy-duty applications, while wood reels
are more cost-effective and lightweight, making them suitable for
lighter applications. Overall, the reels and spools market is a
critical component of the global cable industry, enabling the
efficient production and distribution of various types of
cables.
Market Research Overview
Reels and spools are essential components in various industries,
including building and construction, fibre optic cables, and power
distribution. Reels are used to wind and unwind different types of
materials such as wire, cable, tubes, and hoses. The market for
reels and spools is diverse, catering to urbanization and smart
cities, transmission infrastructure, renewable energy, and more.
Material types include metal, wood, plastic, pine, oak, maple, and
more. Lightweight and durable options are popular due to their
versatility. The industry verticals for reels and spools are vast,
including electrical & electronics, wire, cable, and tube &
hose industries. Urbanization, infrastructure development, and
rising living standards are driving the demand for reels and
spools. However, government regulations, supply chain disruptions,
pandemic, trade regulations, and import-export analysis can impact
the market. Market opportunities include the increasing adoption of
renewable energy and the need for organized and neat solutions for
wire and cable management. Market challenges include the risk of
tangled or excess length and the need for system unwind and wind
capabilities. Competitive position, investment opportunities, and
market estimates are essential factors for businesses in the reels
and spools industry. The Ace matrix and P&R Specialty, Spoolon
Manufacturing, Carris Reels, Reel
Options, and other key players offer various application segments
and type segments to cater to end-use industries. Political factors
and social scenarios can also influence market restraints and
opportunities. Overall, the reels and spools market presents
significant growth potential, with continuous innovation and
technological advancements in material types and design.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Product
-
- Type
-
- Metal Reels And Spools
- Wooden Reels And Spools
- Plastics And Others
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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