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Reels and Spools Market Size to Grow by USD 531.98 million | Recycling Services for Reels and Spools Among Key Trends | Technavio

NEW YORK, June 2, 2022 /PRNewswire/ -- The recycling services for reels and spools is a key trend in the global reels and spools market growth. Vendors have started to offer reel and spool recycling services. In addition, end-users are also taking up recycling initiatives to ensure the sustainability of their business operations. Such initiatives by market vendors and suppliers help reduce procurement costs of raw materials and make reels and spools reusable, which will support the market growth during the forecast period.

Technavio has announced its latest market research report titled Reels and Spools Market by Product and Geography - Forecast and Analysis 2021-2025

The reels and spools market size is expected to grow by USD 531.98 million from 2020 to 2025. Moreover, the growth momentum of the market will accelerate at a CAGR of 4.76% during the forecast period.

Find additional highlights about market dynamics. Request a Sample Report

Reels and Spools Market: Driver and Challenge

The rising data center construction activities due to a substantial increase in data volumes generated by various industries is driving the global reels and spools market growth. The popularity of social media and the IoT has enhanced the need for data centers. Many vendors have started to relocate their data to cloud storage by selecting service providers such as Amazon Web Services, Microsoft Azure, and Google Cloud Platform. A rise in internet penetration will further promote the growth of data centers across the globe.

The growth of wireless technology such as broadcast radio, Bluetooth technology, infrared communication, microwave communication, wireless fidelity (Wi-Fi), and others is challenging the global reels and spools market growth. Wireless communication has grown significantly over the last few years. Moreover, the increasing popularity of cloud-based applications among organizations is reducing the need for in-house IT infrastructure, which will lower the use of wires and cables. These factors are expected to negatively impact demand for reels that are used to store and transport cables such as fiber optic cables, coaxial cables, and ethernet cables.

The report also offers information on the upcoming trends and challenges that will influence market growth. Download Our Sample Report

Reels and Spools Market: Segmentation by Product

Based on the segmentation by product, the market has been classified into reels and spools. The reels segment will have significant market share growth during the forecast period. The significant rise in demand for reels due to the increase in the use of cables in the fourth-generation (4G) communication networks and the evolution of 5G will drive the market growth through this segment in the coming years.

Reels and Spools Market: Segmentation by Geography

Based on the segmentation by geography, the market has been classified into APAC, North America, Europe, MEA, and South America. APAC will have significant market share growth during the forecast period. The strong demand from emerging economies such as China, Vietnam, Bangladesh, and India and stable demand from countries such as South Korea and Japan will drive the reels and spools market growth in APAC during the forecast period.

Reels and Spools Market: Major Vendors

Boffi SpA - The company offers wooden reels that can be used in electric cables, metal cables, and fiber optic cables.

Boxy SpA - The company offers fixed reels such as BST, BTE, and BCE.

Carris Reels Inc. - The company offers reels such as plastic reels, utility reels, welding wire reels, and magnet wire reels.

George Evans Corp. - The company offers reel product brands such as Toroidal, Western Electric, and GEC.

Khorporate Holdings Inc. - The company offers reels and spools products such as plastic spools and reels, filament spools, and weld wire spools.

For more information about other key vendors and their offerings, View our Sample Report

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Reels and Spools Market Scope

Report Coverage


Page number


Base year


Forecast period


Growth momentum & CAGR

Accelerate at a CAGR of 4.76%

Market growth 2021-2025

USD 531.98 million

Market structure


YoY growth (%)


Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 43%

Key consumer countries

US, China, Germany, UK, and India

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Boffi SpA, Boxy SpA, Carris Reels Inc., George Evans Corp., Khorporate Holdings Inc., Merrimac Spool and Co., P and R Specialty Inc., Pentre Group Ltd., Sonoco Products Co., and Vandor Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents

1. Executive Summary                         

               1.1 Market Overview 

                              Exhibit 01:  Key Finding 1

                              Exhibit 02:  Key Finding 2

                              Exhibit 03:  Key Finding 3

                              Exhibit 04:  Key Finding 5

                              Exhibit 05:  Key Finding 6

                              Exhibit 06:  Key Finding 7

                              Exhibit 07:  Key Finding 8

2. Market Landscape                            

               2.1 Market ecosystem             

                              Exhibit 08:   Parent market

                              Exhibit 09:  Market Characteristics

               2.2 Value chain analysis           

                              Exhibit 10:  Value chain analysis

                              2.2.1    Inputs

                              2.2.2    Inbound logistics

                              2.2.3    Operations

                              2.2.4    Outbound logistics

                              2.2.5    Marketing and sales

                              2.2.6    Service

                              2.2.7    Support activities

                              2.2.8    Industry innovation

3. Market Sizing                      

               3.1 Market definition

                              Exhibit 11:   Offerings of vendors included in the market definition

               3.2 Market segment analysis  

                              Exhibit 12:   Market segments

               3.3 Market size 2020 

               3.4 Market outlook: Forecast for 2020 - 2025 

                              Exhibit 13:   Global - Market size and forecast 2020 - 2025 ($ million)

                              Exhibit 14:  Global market: Year-over-year growth 2020 - 2025 (%)

4. Five Forces Analysis                         

               4.1 Five Forces Summary         

                              Exhibit 15: Five forces analysis 2020 & 2025

               4.2 Bargaining power of buyers            

                              Exhibit 16: Bargaining power of buyers

               4.3 Bargaining power of suppliers        

                              Exhibit 17: Bargaining power of suppliers

               4.4 Threat of new entrants     

                              Exhibit 18: Threat of new entrants

               4.5 Threat of substitutes          

                              Exhibit 19: Threat of substitutes

               4.6 Threat of rivalry   

                              Exhibit 20: Threat of rivalry

               4.7 Market condition 

                              Exhibit 21:  Market condition - Five forces 2020

5. Market Segmentation by Product              

               5.1 Market segments

                              The segments covered in this chapter are:

  • Reels
  • Spools

                              Exhibit 22:  Product - Market share 2020-2025 (%)

               5.2 Comparison by Product    

                              Exhibit 23:  Comparison by Product

               5.3     Reels - Market size and forecast 2020-2025         

                              Exhibit 24:  Reels - Market size and forecast 2020-2025 ($ million)

                              Exhibit 25:  Reels - Year-over-year growth 2020-2025 (%)

               5.4     Spools - Market size and forecast 2020-2025       

                              Exhibit 26:  Spools - Market size and forecast 2020-2025 ($ million)

                              Exhibit 27:  Spools - Year-over-year growth 2020-2025 (%)

               5.5 Market opportunity by Product     

                              Exhibit 28:  Market opportunity by Product

6. Customer landscape                        

               6.1     Overview            

                              Exhibit 29:  Customer landscape

7. Geographic Landscape                    

               7.1 Geographic segmentation

                              The regions covered in the report are:

  • APAC
  • North America
  • Europe
  • MEA
  • South America

                              Exhibit 30:  Market share by geography 2020-2025 (%)

               7.2 Geographic comparison    

                              Exhibit 31:  Geographic comparison

               7.3     APAC - Market size and forecast 2020-2025         

                              Exhibit 32:  APAC - Market size and forecast 2020-2025 ($ million)

                              Exhibit 33:  APAC - Year-over-year growth 2020-2025 (%)

               7.4     North America - Market size and forecast 2020-2025       

                              Exhibit 34:  North America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 35:  North America - Year-over-year growth 2020-2025 (%)

               7.5     Europe - Market size and forecast 2020-2025      

                              Exhibit 36:  Europe - Market size and forecast 2020-2025 ($ million)

                              Exhibit 37:  Europe - Year-over-year growth 2020-2025 (%)

               7.6     MEA - Market size and forecast 2020-2025          

                              Exhibit 38:  MEA - Market size and forecast 2020-2025 ($ million)

                              Exhibit 39:  MEA - Year-over-year growth 2020-2025 (%)

               7.7     South America - Market size and forecast 2020-2025       

                              Exhibit 40:  South America - Market size and forecast 2020-2025 ($ million)

                              Exhibit 41:  South America - Year-over-year growth 2020-2025 (%)

               7.8 Key leading countries        

                              Exhibit 42:  Key leading countries

               7.9 Market opportunity by geography

                              Exhibit 43:  Market opportunity by geography ($ million)

8. Drivers, Challenges, and Trends                  

               8.1 Market drivers      

                              8.1.1    Rising data center construction activities

                              8.1.2    Growth of the global textile mills market

                              8.1.3    Increasing popularity of fiber optics networks in developing countries

                              8.1.4    Rise in the number of power plants

               8.2 Market challenges              

                              8.2.1    Growth of wireless technology

                              8.2.2    High operational costs

                              8.2.3    Volatility in raw material prices

                              Exhibit 44:  Impact of drivers and challenges

               8.3 Market trends      

                              8.3.1    Recycling services for reels and spools 

                              8.3.2    Emergence of REELEX technology

                              8.3.3    Increasing number of technological advancements

9. Vendor Landscape                            

               9.1     Competitive scenario     

               9.2     Overview            

                              Exhibit 45:  Vendor landscape

               9.3     Landscape disruption     

                              Exhibit 46:  Landscape disruption

                              Exhibit 47:  Industry risks

10. Vendor Analysis               

               10.1 Vendors covered              

                              Exhibit 48:  Vendors covered

               10.2 Market positioning of vendors    

                              Exhibit 49:  Market positioning of vendors

               10.3   Boffi SpA             

                              Exhibit 50:  Boffi SpA - Overview

                              Exhibit 51:  Boffi SpA - Product and service

                              Exhibit 52:  Boffi SpA - Key offerings

               10.4   Boxy SpA            

                              Exhibit 53:  Boxy SpA - Overview

                              Exhibit 54:  Boxy SpA - Product and service

                              Exhibit 55:  Boxy SpA - Key offerings

               10.5   Carris Reels Inc.

                              Exhibit 56:  Carris Reels Inc. - Overview

                              Exhibit 57:  Carris Reels Inc. - Product and service

                              Exhibit 58:  Carris Reels Inc. - Key offerings

               10.6   George Evans Corp.        

                              Exhibit 59:  George Evans Corp.  - Overview

                              Exhibit 60:  George Evans Corp.  - Product and service

                              Exhibit 61:  George Evans Corp.  - Key offerings

               10.7   Khorporate Holdings Inc.             

                              Exhibit 62:  Khorporate Holdings Inc. - Overview

                              Exhibit 63:  Khorporate Holdings Inc. - Product and service

                              Exhibit 64:  Khorporate Holdings Inc. - Key offerings

               10.8   Merrimac Spool and Co.

                              Exhibit 65:  Merrimac Spool and Co. - Overview

                              Exhibit 66:  Merrimac Spool and Co. - Product and service

                              Exhibit 67:  Merrimac Spool and Co. - Key offerings

               10.9   P and R Specialty Inc.     

                              Exhibit 68:  P and R Specialty Inc. - Overview

                              Exhibit 69:  P and R Specialty Inc. - Product and service

                              Exhibit 70:  P and R Specialty Inc. - Key offerings

               10.10 Pentre Group Ltd.          

                              Exhibit 71:  Pentre Group Ltd. - Overview

                              Exhibit 72:  Pentre Group Ltd. - Product and service

                              Exhibit 73:  Pentre Group Ltd. - Key offerings

               10.11 Sonoco Products Co.    

                              Exhibit 74:  Sonoco Products Co. - Overview

                              Exhibit 75:  Sonoco Products Co. - Business segments

                              Exhibit 76:  Sonoco Products Co.- Key news

                              Exhibit 77:  Sonoco Products Co. - Key offerings

                              Exhibit 78:  Sonoco Products Co. - Segment focus

               10.12 Vandor Corp.   

                              Exhibit 79:  Vandor Corp. - Overviewoduct and service

                              Exhibit 80:  Vandor Corp. - Product and service

                              Exhibit 81:  Vandor Corp. - Key offerings

11. Appendix                           

               11.1 Scope of the report         

                              11.1.1 Market definition

                              11.1.2 Objective

                              11.1.3 Notes and caveats

               11.2 Currency conversion rates for US$            

                              Exhibit 82:  Currency conversion rates for US$

               11.3 Research Methodology   

                              Exhibit 83:  Research Methodology

                              Exhibit 84:  Validation techniques employed for market sizing

                              Exhibit 85:  Information sources

               11.4 List of abbreviations        

                              Exhibit 86:  List of abbreviations

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide 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.

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