The study covers a detailed analysis segmented by key business segments i.e. by type (Mini Trunking and Maxi Trunking) , by application (Residential, Commercial and Industrial) and major geographies. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global Plastic Trunking market throughout the predicted period.
What is Plastic Trunking?
Facilitating systematic wiring, the use of plastic trunking also helps in enhancing aesthetics and clarity, allows faster connections and avoids issues related to bunching & taping as well as provides for complete electrical insulation support across different applications. The global plastic trunking market is expected to grow at a healthy pace during the forecast period, according to the AMA study. The rising electrification across different industries such as residential, commercial, & industrial and increasing urbanization across emerging countries are expected to be some of the major factors aiding the growth of the market. However, the market is expected to witness a decline in growth during FY 2020 but it is again expected to rise at a healthy pace after the COVID-19 pandemic is over.
The competition is expected to become even more intense in the years to come due to entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Plastic Trunking market analysis report suggests strategies Manufacturers can follow and recommends key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Manufacturers, including:
- ABB (Switzerland)
- Anamet Electrical, Inc. (United States)
- Atkore International Group (United States)
- Cantex Inc. (United States)
- Greenmill AC (United Kingdom)
- Hindustan Plastic And Machine Corporation (India)
- Hubbell Incorporated (United States)
- IBOCO Corporation (United States)
- Legrand (France)
- Panduit (United States)
- Phoenix Contact (Germany)
- Schneider Electric (France)
Stringent Government Regulations Regarding Shutting-Down of Different Industry's Operations Due to COVID-19 Pandemic has Impacted the Plastic Trunking Market in the FY 2020
The vendors in this market are majorly focusing on developing innovative products and solutions in order to cater to the market's demands to remain competitive in the global market. According to the recent global industry crisis due to the outbreak of COVID-19 is expected to be one of the major challenges for the vendors of this market as the production and markets of different industries have been shut down for an ambiguous period of time.
Growing Adoption of Online Sales Channel
- Lack of Awareness Across Rural Regions
Opportunities Across Asia Pacific Region
Key highlights of the Global Plastic Trunking market Study:
CAGR of the market during the forecast period 2020-2026
Detailed information on factors that will accelerate the growth of the Plastic Trunking market for the next five years.
Forecast of the Global Plastic Trunking market size and its contribution to the parent market by type, application and by country.
Insights on upcoming trends and changes in consumer behaviour
Uncovering markets competitive landscape and in-depth information on various Manufacturers
Comprehensive information about factors that will challenge the growth of Plastic Trunking Manufacturers
Customization in the Report Available:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be informed prior purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Plastic Trunking 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 Plastic Trunking 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>.
This helps us to gather the data for the 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, Annual reports, press releases etc.