umerous ambitious initiatives have been put in effect by the Indian government to drive the development of several domestic sectors over the coming years.
NThe Smart Cities Mission, Make in India Campaign, Saubhagya Scheme as well as the Housing for All 2022 are some of the plans in place that would help in the expansion of the power utilities, manufacturing and public infrastructure verticals in the country.
The cable tray market, being an ancillary industry, would thus experience a healthy growth during the forecast period owing to strengthening of these auxiliary sectors. However, the demand for metal-based cable trays might be stunted by the ever-fluctuating prices of crude steel.
Further, with transportation infrastructure receiving heavy allocations in the Union Budget for 2018-2019, the construction and power utilities sectors are predicted to be the key drivers behind the growth of Indian cable tray market over the next six years.
The report also offer insights on competitive landscape, company profiles, market drivers and restraints.
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