Global Cable Drum Market Overview:
The cable drum is used to carry various types of electrical wires. It is a round shape object that used to transport various types of electric cables, wire products, and fiber optic cables. These drums come in different types of materials like wood, plastic, plywood, and others. Also, they come in various sizes for winding and packaging all types of cables & wires. It allows quick deployment without getting any twist and keeps the cables or wires to store neatly when not in use. Cable drums are the perfect technique to facilitate transporting and laying the cables.
Growth Drivers
- Growing Demand for Carrying Heavy Loads of Electric Cables
- Rapid Growth in Internet and Telecommunication Cables
Roadblocks
- Availability of Substitute Product Such as Cable Reels
Opportunities
- The Durability of Steel Drums compared to Other Drums
- Rise in Infrastructure of Telecommunication Industry
Challenges
- Plywood Drum Cannot Be Used to Carry Heavy Duty Loads of Wires & Cables
Competitive Landscape:
Some of the key players profiled in the report are Yorkshire Cable Drums & Packing (United Kingdom), PKR Limited (United Kingdom), Schill (Switzerland), Lapp Kabel (Germany), Chillizone (Australia), Bryant Unlimited (United Kingdom), Arrow Tru-Line Inc (United States), SEB International (United Kingdom), STEMMANN-TECHNIK GmbH (Germany), Hannay Reels, Inc. (United States), Hosetract Industries, Ltd. (United States), Pentre Group (United Kingdom), Visitech Engineers Private Ltd (India), Jai Balaji Timber Products (India), Ningbo Beilun Tiaoyue Machine Co., Ltd. (China) and Nanjing Volley Metal Materials Co., Ltd. (China). Analyst at AMA Research see North America and Europe Vendors to retain maximum share of Global Cable Drum market by 2026. Considering Market by Product Type, the sub-segment i.e. Monospiral will boost the Cable Drum market. Considering Market by Material Type, the sub-segment i.e. Wood will boost the Cable Drum market. Considering Market by Loading Capacity, the sub-segment i.e. Plastic Drums - Up to 850Kgs will boost the Cable Drum market. Considering Market by Dimensions , the sub-segment i.e. Plastic Drum {400 mm to 1000mm} will boost the Cable Drum market.
Latest Market Insights:
In October 2019, Prysmian, the leading manufacturer of electric power transmission and telecommunications cables and systems collaborated with its innovation hub Corporate Hangar to launch Alesea, an IoT solution that provides virtual assistance for cable drum management.
In January 2019, Reka Cables Ltd., a manufacturer of medium and high voltage cables launched the smart cable drum solutions in the North European market. By digitalizing the cable drum handling process Reka Cables is able to offer its customers more flexible drum services, easier stock management, and smoother drum returns.
What Can be Explored with the Cable Drum Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Cable Drum Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Cable Drum
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Cable Drum market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Cable Drum market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Cable Drum Manufacturer, Raw Material Suppliers, Telecommunication Industry, Government Bodies, Research Organizations and End-Users.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.