Extension cord reels are devices that store and manage electrical extension cords conveniently and appropriately. These reels typically consist of a spool around which the extension cord is wound and a handle or crank for winding and unwinding the cord. Extension cord reels are commonly used in workshops, garages, construction sites, and outdoor settings to provide portable power access while minimizing cord tangles and trip hazards.
Sizing and Forecast
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 .
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Segmentation & Regional Insights
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
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.
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Major Driver Impacting Market Growth
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.
<h4 class=reporthtag>Powering Productivity Driving Growth In The Extended Cord Reels Market</h4>
The increasing manufacturing activities are expected to propel the growth of the extended cord reels market going forward. Manufacturing activities encompass the processes involved in producing goods from raw materials or components, typically through various stages of transformation, assembly, and finishing. The increasing manufacturing activities are due to the adoption of automation and robotics in manufacturing processes, expansion into international markets, economic growth in developing and developed countries, and continuous investment in research and development. Extended cord reels support manufacturing activities by providing efficient, safe, and reliable power distribution solutions that enhance productivity, safety, and operational efficiency in manufacturing environments. For instance, in March 2022, according to the United Nations Industrial Development Organization, an Austria-based specialized agency of industrial and economic development, the global manufacturing production of goods rose by 9.4% in 2021, compared to 2020. Therefore, the increasing manufacturing activities drive the extended cord reels market.
Key Industry Players
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
The extension cord reels market report table of contents includes:
1. Executive Summary
2. Extension Cord Reels Market Characteristics
3. Extension Cord Reels Market Trends And Strategies
4. Extension Cord Reels Market – Macro Economic Scenario
5. Global Extension Cord Reels Market Size and Growth
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32. Global Extension Cord Reels Market Competitive Benchmarking
33. Global Extension Cord Reels Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Extension Cord Reels Market
35. Extension Cord Reels Market Future Outlook and Potential Analysis
36. Appendix
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