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Reels and Spools Market size is set to grow by USD 779.9 million from 2024-2028, Rising data center construction activities boost the market, Technavio

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NEW YORK, July 8, 2024 /PRNewswire/ — The global reels and spools market size is estimated to grow by USD 779.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 5.97% during the forecast period. Rising data center construction activities is driving market growth, with a trend towards recycling services for reels and spools. However, growth of wireless technology poses a challenge. Key market players include ABC Plastics Inc., ACE METAL INC., Appiani Group, Bobbins India, Boffi SpA, Boxy SpA, Carris Reels Inc., Comsuc Technology Development Ltd., George Evans Corp., GMP Slovakia sro, Inosym Ltd., Khorporate Holdings Inc., Merrimac Spool and Co., Nortic Inc., P and R Specialty Inc., Pentre Group Ltd., PKR Ltd., Sonoco Products Co., The Beacon Reel Co., and Vandor Corp..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Reels And Spools Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.97%

Market growth 2024-2028

USD 779.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.28

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

APAC at 48%

Key countries

US, China, India, Germany, and UK

Key companies profiled

ABC Plastics Inc., ACE METAL INC., Appiani Group, Bobbins India, Boffi SpA, Boxy SpA, Carris Reels Inc., Comsuc Technology Development Ltd., George Evans Corp., GMP Slovakia sro, Inosym Ltd., Khorporate Holdings Inc., Merrimac Spool and Co., Nortic Inc., P and R Specialty Inc., Pentre Group Ltd., PKR Ltd., Sonoco Products Co., The Beacon Reel Co., and Vandor Corp.

Market Driver

Reels and spools are essential components used in various industries, including telecommunications, manufacturing, and packaging. These items are typically made from hard materials such as plastics, wood, or steel. However, the disposal of used reels and spools poses a challenge for end-users. Disposal methods, such as burning or landfilling, incur significant operating costs due to labor and energy requirements. For wooden reels, disposal in landfills can negatively impact the environment. To address these concerns, some market vendors, such as Sonoco Products, offer reel and spool recycling services. These services include pickup of used reels and spools from end-users’ facilities and refurbishment or resale of damaged items. By recycling reels and spools, manufacturers and end-users can reduce procurement costs of raw materials and promote sustainability. For instance, Andrew Wireless Solutions, in partnership with CommScope, recycles used reels to minimize environmental impact and lower costs. These initiatives are expected to fuel the growth of the reels and spools market during the forecast period.

Reels and spools are essential components in various industries, including the Electrical & Electronics sector. Oak and maple are popular material types for their durability and versatility. Lightweight reels and spools are preferred for ease of handling and transportation. In the Wire and Cable industry, tangled wires and excess length are common issues, making organized reel systems a must. Reels come in different gauges, tubes, and hoses, catering to various applications. The Building and Construction industry uses reels for raw packaging materials, while the Urbanization, Smart Cities, Power Distribution, Transmission Infrastructure, and Renewable Energy sectors rely on reels for wire and cable management. Government regulations and supply chain disruptions, including the pandemic, impact the reels and spools market. Fibre optic cables also use spools in the Telecommunications industry. The industry verticals continue to evolve, with trends towards neat and tidy, wind and unwind systems.

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Market Challenges

Wireless communication, which includes technologies like Bluetooth, mobile communication systems, satellite communication, and Wi-Fi, has witnessed significant growth due to its convenience and cost advantages over wired communication. This trend is expected to negatively impact the reels and spools market, as the increasing adoption of cloud-based applications reduces the need for in-house IT infrastructure and, consequently, the use of cables and wires. The global wireless communication industry is expanding rapidly, with companies employing organic growth strategies to meet escalating demand. This shift from wired to wireless communication is projected to decrease the requirement for reels used to transport fiber optic, coaxial, and ethernet cables during the forecast period.The Reels and Spools market encompasses the production and supply of reels and spools used in various industries. Key material types include metal, wood, and plastic. In the Building and Construction sector, reels and spools are utilized for wire and cable applications. Fibre optic cables are a significant application in the Telecommunications industry. Urbanization and the development of Smart Cities require extensive transmission infrastructure, driving demand. Power Distribution and Renewable Energy sectors also rely on reels and spools for power transmission. Market challenges include government regulations, supply chain disruptions, pandemic impacts, and trade regulations. Import-export analysis is crucial for market players. Infrastructural development, rising living standards, and competitive positioning present opportunities. End-use industries like Wire and Cable, Tube and Hose, and various Industry Verticals are crucial consumers. Pricing, competitive opportunities, and market investment opportunities are essential factors. Market estimates and data are crucial for strategic decision-making. Companies like Ace Matrix, P&R Specialty, Spoolon Manufacturing, and Carris Reels compete in this market, offering Reel Options for diverse Application segments and Type segments.

For more insights on driver and challenges – Request a sample report!

Segment Overview

This reels and spools market report extensively covers market segmentation by

Product1.1 Reels1.2 SpoolsType2.1 Metal reels and spools2.2 Wooden reels and spools2.3 Plastics and othersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Reels- The Reels and Spools market refers to the production and sale of cylindrical components used in various industries, including printing and manufacturing. These products are essential for winding and unwinding materials such as paper, film, and thread. The market size is significant due to the wide range of applications in packaging, textiles, and other sectors. Producers focus on enhancing product quality and efficiency to meet customer demands. The market is competitive, with key players implementing pricing strategies and innovation to maintain market share.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

Reels and spools are essential components in the production and distribution of various types of cables, including wire and cable, fibre optic cables, tube and hose. They come in different materials such as metal and wood, and are available in both returnable and non-returnable options. The market for reels and spools is diverse, catering to various end-use industries like telecommunications, power, automotive, and manufacturing. Fibre optic cables, in particular, require specialized reels and spools due to their delicate nature. The pricing of reels and spools depends on factors like material type, size, and the specific industry application. In countries with a strong manufacturing base, like China and the US, the demand for reels and spools is high due to their extensive cable industries. The material type of the reel or spool significantly impacts its cost and performance. For instance, metal reels offer better durability and are commonly used for heavy-duty applications, while wood reels are more cost-effective and lightweight, making them suitable for lighter applications. Overall, the reels and spools market is a critical component of the global cable industry, enabling the efficient production and distribution of various types of cables.

Market Research Overview

Reels and spools are essential components in various industries, including building and construction, fibre optic cables, and power distribution. Reels are used to wind and unwind different types of materials such as wire, cable, tubes, and hoses. The market for reels and spools is diverse, catering to urbanization and smart cities, transmission infrastructure, renewable energy, and more. Material types include metal, wood, plastic, pine, oak, maple, and more. Lightweight and durable options are popular due to their versatility. The industry verticals for reels and spools are vast, including electrical & electronics, wire, cable, and tube & hose industries. Urbanization, infrastructure development, and rising living standards are driving the demand for reels and spools. However, government regulations, supply chain disruptions, pandemic, trade regulations, and import-export analysis can impact the market. Market opportunities include the increasing adoption of renewable energy and the need for organized and neat solutions for wire and cable management. Market challenges include the risk of tangled or excess length and the need for system unwind and wind capabilities. Competitive position, investment opportunities, and market estimates are essential factors for businesses in the reels and spools industry. The Ace matrix and P&R Specialty, Spoolon Manufacturing, Carris Reels, Reel Options, and other key players offer various application segments and type segments to cater to end-use industries. Political factors and social scenarios can also influence market restraints and opportunities. Overall, the reels and spools market presents significant growth potential, with continuous innovation and technological advancements in material types and design.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductReelsSpoolsTypeMetal Reels And SpoolsWooden Reels And SpoolsPlastics And OthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides 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.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Travelgate and Mize Announce Strategic Alliance to Launch SmartRate Integration, Boosting Booking Profitability for Global Partners

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MALLORCA, Spain and TEL AVIV, Israel, May 19, 2025 /PRNewswire/ — On the heels of ConX 2025, Travelgate’s flagship industry event kicking off next week, Travelgate, the leading Connectivity Marketplace in the travel industry, and Mize, the global leader in fintech-based travel products, are excited to announce a strategic alliance.

 

 

This collaboration brings Mize’s innovative SmartRate product to Travelgate’s extensive global network of travel partners. SmartRate maximizes margins at the booking moment by automatically securing the best available rate and transforming booking flow disruptions into profit, all without manual intervention.

This marks a significant step forward in Travelgate’s commitment to delivering value-added tools to both Buyers and Sellers on its platform. The implementation of SmartRate will enable Travelgate’s clients to maximize their margins, recover from connectivity disruptions, and secure the lowest-cost bookings in real time, all while maintaining a seamless user experience.

Optimizing Margins in Real Time

SmartRate seamlessly integrates into the booking process to automatically scan and apply the lowest available rate across the travel seller’s own inventory and Mize’s extensive Partners Network. This allows Travelgate-connected partners to unlock new revenue opportunities by:

Recovering errored bookings through smart reprocessing
Maximizing profit margins with intelligent rate scanning at the booking moment
Enhancing booking reliability through improved search performance and distribution rules
Leveraging Mize’s advanced room mapping and external source integration for expanded inventory access

“This partnership brings together the strengths of two platforms built on innovation and efficiency,” said Dor Krubiner, CEO at Mize. “We’re thrilled to collaborate with Travelgate to offer their partners a tool that not only improves operational resilience but also drives profitability with every booking.”

Reinforcing Travelgate’s Mission of Seamless Connectivity

Travelgate is trusted by hundreds of leading brands in the travel industry including Expedia, Agoda, Hotelbeds, and British Airways Holidays. By integrating SmartRate, Travelgate continues to expand its offerings to help partners simplify operations, accelerate time-to-market, and maximize performance across their connections.

“Our platform was built to remove complexity and open up opportunity,” said Pedro Camara, CEO at Travelgate. “SmartRate fits perfectly with that vision, it’s a natural addition that empowers our clients to get more out of every booking.”

Mize at ConX 2025

Mize will be sponsoring this year’s AfterX 2025, Travelgate’s annual event that brings together key players from across the travel industry. Attendees will have the opportunity to explore SmartRate in action, meet the Mize team, and discover how this powerful integration can transform booking profitability and operational resilience across platforms.

As part of the event, Mize CEO Dor Krubiner will be featured as a speaker on one of the top keynote panels: The New Wave of Growth Strategies in B2B Travel, sharing insights on innovation, automation, and the future of travel tech.

About Travelgate

Travelgate, part of Travelsoft Group, is a next-generation Connectivity Marketplace that enables travel agencies, OTAs, Bedbanks, DMCs, and tour operators to connect seamlessly through one single API. Buyers gain real-time access to a broad range of Sellers with one integration, while Sellers benefit from exposure to a vast global distribution network.

Through tools like the Travelgate APP, users can manage connections, monitor performance, generate smart reports, and get instant support—all in one centralized, intuitive platform.

For more information, visit https://www.travelgate.com.

About Mize

Mize is a global leader in fintech-based solutions, offering AI-driven tools that create extra profit for the hotel booking industry through its fully automated proprietary technology and has generated hundreds of millions of dollars in revenue for its partners across its suite of products. With a clear focus on innovation and customer success, Mize serves over 250 clients worldwide, helping them optimize performance and achieve their goals.

For more information, visit https://mize.tech.

Photo: https://mma.prnewswire.com/media/2690586/Travelgate_Mize.jpg

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Ishan Technologies selects AMD to Power Sovereign Cloud Infrastructure

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 Supporting India’s digital infrastructure push with secure, scalable computing for HPC and AI workloads

MUMBAI, India, May 19, 2025 /PRNewswire/ — Ishan Technologies, a leading ICT and digital connectivity platform, has chosen AMD to power its Tier-3 Mumbai Data Center with 4th Gen AMD EPYC™ processors. This collaboration strengthens India’s cloud and AI-ready infrastructure, delivering high-performance, secure, and scalable solutions. By integrating cutting-edge AMD EPYC processors, Ishan Cloud empowers enterprises across BFSI, ITeS, and manufacturing industries, as well as GCCs and government organizations, to meet India’s data localization requirements and drive AI-led digital transformation.

As cloud adoption accelerates, enterprises increasingly require resilient and compliant digital infrastructure capable of supporting mission-critical applications, AI-driven workloads, and edge computing. Ishan DC 1 integrates high-density computing and energy-efficient architecture, ensuring superior performance, reduced operational costs, and adherence to regulatory requirements. It is engineered to support workloads spanning artificial intelligence (AI), machine learning (ML), and low-latency use cases crucial to enterprise digital transformation.

Powered by 4th Gen AMD EPYC processors, Ishan Cloud delivers scalable, energy-efficient computing for data-intensive workloads. The high core density and performance efficiency of these processors enable seamless execution of AI, real-time analytics, and high-frequency financial transactions. By optimizing performance per watt, Ishan Cloud ensures lower operational costs while maintaining high throughput and reliability. This makes it an ideal choice for enterprises looking to enhance computing performance without compromising on efficiency or compliance.

Mr. Pinkesh Kotecha, CMD, Ishan Technologies, said, “Cloud infrastructure is at the core of India’s digital transformation, and enterprises today demand more than just scalability – they need security, compliance, and high-performance compute. Through our collaboration with AMD, Ishan Cloud delivers cutting-edge cloud solutions that enhance efficiency while meeting India’s data sovereignty requirements.”

Vinay Sinha, Corporate Vice President, AMD India, added, “AMD is powering the future of cloud infrastructure in India with high-performance, energy-efficient computing. Our 4th Gen AMD EPYC processors equip Ishan Cloud with the scalability and security features needed for AI, analytics, and mission-critical workloads. As India accelerates its digital transformation, our leadership in high-performance computing is enabling data centers like Ishan’s to deliver secure, scalable, and future-ready cloud solutions – supporting enterprises in building AI-driven, compliant, and high-performance ecosystems.”

With rising cloud adoption across regulated industries, Ishan Cloud differentiates itself by offering:

Cloud-enabled SD-WAN & SASE for secure, seamless connectivityNOC & SOC as a Service for real-time monitoring and threat detectionSupport for edge applications to power AI-driven and low-latency workloads

As India strengthens its focus on data localization and AI-driven innovation, Ishan Cloud is empowering businesses with greater control, security, and efficiency, supporting the nation’s rapid digital and economic growth.

About Ishan Technologies

Ishan Technologies is a leading ICT and digital connectivity platform with a Pan-India presence, delivering cloud, network, cybersecurity, and communication solutions. With 100+ offices and 500+ edge and PoP locations, it provides secure and scalable digital infrastructure to enterprises, BFSI, ITES, and government organizations. With over 20 years in system integration and ISP solutions, Ishan is CMMI Level 3 appraised by KPMG for quality and assurance, reinforcing its commitment to excellence in service delivery.

AMD, the AMD Arrow logo, EPYC, and combinations thereof are trademarks of Advanced Micro Devices, Inc.

 

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New initiative delivers CPR education through ADP Mobile Solutions app to build Nation of Lifesavers™

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ADP supports American Heart Association goal to prepare more workers to respond to cardiac emergencies

DALLAS and ROSELAND, N.J., May 19, 2025 /PRNewswire/ — With more than 10,000 cardiac arrests occurring annually in U.S. workplaces1, ADP, a global technology company providing human capital management (HCM) solutions, is supporting the American Heart Association to expand CPR education across the workforce. By integrating information about Hands-Only CPR training into the ADP Mobile Solutions app, the organizations are helping millions of employees nationwide be ready to act in an emergency.

 

Cardiac arrest can happen to anyone, anywhere — and immediate CPR can double or triple a person’s chance of survival. Yet according to the American Heart Association, a global force changing the future of health of all, seven in 10 Americans say they feel powerless to act during a cardiac emergency2. Through this initiative, ADP, which pays one in six workers in the United States, is empowering its clients and associates with lifesaving education at scale.

“Increasing access to modern, accessible CPR education is critical to saving more lives from cardiac arrest,” said Nancy Brown, chief executive officer of the American Heart Association. “Through Nation of Lifesavers, we aim to double the survival rate from sudden cardiac arrest by 2030. With this support from ADP, we can bring lifesaving skills directly to the fingertips of millions of workers.”

The program, which is optional to clients, offers ADP Mobile Solutions users a simple two-step learning opportunity: watch a 60-second Hands-Only CPR video, then complete a four-question assessment. After completing the assessment, users receive a digital Nation of Lifesavers badge to recognize their commitment to helping save lives. Since piloting this feature in ADP Mobile Solutions in Fall 2024, more than 160,000 users have already engaged in the Hands-Only CPR mobile education, with the potential to reach the app’s 14 million active monthly users, as the availability expands.

“Every decision we make is centered on helping people thrive at work and in life,” said Maria Black, president and CEO of ADP. “Through technology and human-centered innovation, we are proud to support the work of the American Heart Association in building a stronger chain of survival across the workplace.”

In addition to the mobile learning, ADP is hosting in-person Hands-Only CPR and automated external defibrillator (AED) training sessions at 18 of its office locations nationwide. The company aims to educate its associates on Hands-Only CPR and AED use through over 100 sessions in 2025 and early 2026. ADP’s commitment to cardiac health extends beyond the office. For the past four years, ADP associates have also participated in American Heart Association Heart Walk events across the country to raise awareness and funds for heart health.

Hands-Only CPR, which involves chest compressions without rescue breaths, is effective for teens and adults who experience sudden cardiac arrest. Immediate action — including the use of an AED when available — can dramatically increase the chance of survival.3  However, only half of workers can locate an AED at their workplace today, according to the Association.

To learn more about how you can become part of the Nation of Lifesavers and help build a world where everyone is prepared to save a life, visit heart.org/nation.

To view media assets including videos, B-roll and images, please click here.

About ADP (NASDAQ: ADP)
Designing better ways to work through cutting-edge products, premium services and exceptional experiences that enable people to reach their full potential. HR, Talent, Time Management, Benefits and Payroll. Informed by data and designed for people. Learn more at ADP.com.

About the American Heart Association
The American Heart Association is a relentless force for a world of longer, healthier lives. Dedicated to ensuring equitable health in all communities, the organization has been a leading source of health information for more than one hundred years. Supported by more than 35 million volunteers globally, we fund groundbreaking research, advocate for the public’s health, and provide critical resources to save and improve lives affected by cardiovascular disease and stroke. By driving breakthroughs and implementing proven solutions in science, policy, and care, we work tirelessly to advance health and transform lives every day. Connect with us on heart.org, on Facebook and X or by calling 1-800-AHA-USA1.

1 American Heart Association AED Fact Sheet
2 2024 CPR Perceptions Survey, conducted for the American Heart Association. Available upon request.
3 Panchal AR, Bartos JA, Cabañas JG, Donnino MW, Drennan IR, Hirsch KG, Kudenchuk PJ, Kurz MC, Lavonas EJ, Morley PT, O’Neil BJ, Peberdy MA, Rittenberger JC, Rodriguez AJ, Sawyer KN, Berg KM; on behalf of the Adult Basic and Advanced Life Support Writing Group. Part 3: adult basic and advanced life support: 2020 American Heart Association Guidelines for Cardiopulmonary Resuscitation and Emergency Cardiovascular Care. Circulation. 2020;142(suppl 2):S366–S468. doi: 10.1161/CIR.0000000000000916

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SOURCE ADP, Inc.

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