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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.

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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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Meridian Singapore Immigration Launches New Website to Simplify the PR Application Journey for Foreigners in Singapore

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New online platform provides clear, structured guidance for Employment Pass and S Pass holders navigating Singapore’s residency and Permanent Residency pathways

SINGAPORE, April 30, 2026 /PRNewswire/ — Meridian Singapore Immigration Pte. Ltd. has officially launched its new website at meridianimmigration.sg, a resource built specifically for foreigners living and working in Singapore who are exploring Permanent Residency or long-term residency options.

The platform arrives at a time when Singapore’s expatriate and foreign professional community is growing rapidly, yet many EP and S Pass holders report struggling to find clear, reliable information on the PR application process. Singapore’s immigration framework is among the most structured in Southeast Asia, with eligibility criteria, documentation requirements, and submission windows that change frequently. For individuals navigating this process without professional guidance, the stakes are high and the margin for error is narrow.

Meridian’s website was built to address that gap directly. The platform offers detailed explanations of available immigration pathways, structured consultation options, and educational resources developed by the firm’s team of immigration specialists. Rather than presenting a services catalogue, the site walks users through the considerations relevant to their specific situation, whether they hold an Employment Pass, S Pass, or are planning for their family’s long-term residency in Singapore.

“We built this platform because we saw how overwhelming and confusing the immigration process can be for people who genuinely want to build their lives here,” said a spokesperson for Meridian Singapore Immigration. “Our goal is to be the trusted partner that walks them through every step with clarity and integrity.”

Singapore’s continued attractiveness as a regional hub for multinational corporations, financial institutions, and technology firms means the pipeline of foreigners seeking long-term residency options remains substantial. At the same time, the ICA’s PR application framework has grown more nuanced, with factors such as economic contributions, family ties, and community integration weighed during assessment. Applicants who proceed without a clear understanding of these criteria often submit applications that are either premature or structurally incomplete.

Meridian’s approach centres on preparation and transparency, helping applicants understand where they stand before they apply and what supporting documentation strengthens their case.

Meridian Singapore Immigration Pte. Ltd. is a professional immigration consultancy dedicated to guiding individuals and families through Singapore’s immigration process. Specialising in Permanent Residency (PR) applications, residency pathways, and compliance support, Meridian offers clear, structured solutions tailored to each client’s unique circumstances. Founded on the values of Guidance, Integrity, and Success, Meridian is committed to making immigration simple, transparent, and accessible for everyone. For more information, visit meridianimmigration.sg or contact info@meridianimmigration.sg / +65 8873 1113.

 

View original content:https://www.prnewswire.com/apac/news-releases/meridian-singapore-immigration-launches-new-website-to-simplify-the-pr-application-journey-for-foreigners-in-singapore-302757392.html

SOURCE Meridian Singapore Immigration Pte. Ltd.

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Socomec, Daitron team up to meet Japan’s growing power demands

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TOKYO, April 30, 2026 /PRNewswire/ — Socomec, a century-old electrical group specialising in mission-critical energy, and Japan’s Daitron, an electronics components distributor, have signed a partnership to deliver power conversion solutions and service backup power and electrical-switching systems across Japan.

The deal combines Socomec’s equipment with Daitron’s on-the-ground engineering team, which has more than 74 years of experience in the Japanese market. The two companies will handle everything from project delivery to ongoing maintenance and spare parts.

The partnership covers three product areas: uninterruptible power supplies (UPS), which keep facilities running during outages; power conversion systems, which ensure the availability and continuity of high-quality energy; and static transfer switches, which automatically reroute power loads between sources without interruption.

Beyond equipment sales, the agreement includes training, spare parts, long-term service contracts and a full range of expert services covering prevention, measurement and analysis, consultancy, deployment and optimisation. Socomec will provide product and technical training to Daitron’s team, while Daitron handles installation, servicing and day-to-day client support in Japan.

The target market spans data centres, semiconductor plants, industrial facilities, hospitals and green buildings, all areas where even brief power interruptions can prove costly. Data center demand in particular is surging, driven by the rapid expansion of artificial intelligence infrastructure, with colocation and enterprise facilities among the primary targets.

“Daitron knows the Japanese market inside and out. They have the people, the relationships, and the hands-on experience, and we bring the technology to match,” said Socomec Asia-Pacific CEO O’Niel Dissanayake. “It’s a natural fit, and together we can offer something neither company could deliver alone.”

“Japan’s data centres, chip factories and industrial plants all require power systems they can count on,” said Masaharu Kato, corporate officer of Daitron. “Socomec’s technology is exactly what these customers need, and our job is to make sure it’s installed, maintained and supported properly. That’s what we do best.”

The partnership comes as Japan faces a step change in power demand. Electricity consumption is expected to grow 5.3% over the next decade, driven by data centres and semiconductor factories, according to the country’s grid operator. Industrial energy demand alone is forecast to rise 18.3% over the same period.

That growth is creating strong demand for reliable power infrastructure. Data centres, for example, run around the clock and cannot afford downtime, making backup power and efficient energy management essential. Socomec’s systems are designed to reduce power consumption without sacrificing reliability, a balance that is becoming increasingly important as operators look to manage both costs and environmental commitments.

Both companies say project planning and bids are already underway, with a long-term goal of expanding the partnership’s reach across Japan as demand grows.

About Daitron

Daitron Co., Ltd. is a Japanese engineering and trading company founded in 1952 and headquartered in Osaka. Listed on the Tokyo Stock Exchange (TYO: 7609), Daitron sells and manufactures electronic components, semiconductor processing equipment and power supply systems. The company has more than seven decades of experience serving Japan’s electronics and manufacturing industries.

SOCOMEC: When energy matters

Founded in 1922, SOCOMEC is an independent industrial group of more than 4,800 experts spread across the world in 30 subsidiaries. Our vocation: design, manufacture and sale of electrical equipment, with a strong expertize in critical power applications. In 2025, SOCOMEC achieved a turnover of 997 million euros (not yet audited).

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SOURCE Socomec

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Multi-Destination Travel Surges Across Asia-Pacific This Labour Day, Trip.com Group Data Shows

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Multi-city travel across Asia-Pacific grew 35% year-on-yearMulti-city travel outpaces single-destination growth by more than 2xSoutheast Asia sees strong double-digit growth, with Thailand up to 52% YoY

SINGAPORE, April 29, 2026 /CNW/ — Multi-city travel across Asia-Pacific grew 35% year-on-year this Labour Day period, according to data from Trip.com Group. Several Asia-Pacific markets including Japan, South Korea, parts of Southeast Asia and Mainland China celebrate Labour Day, driving strong cross-border and domestic travel flows across the region.

Over 30% of international trips now span multiple destinations, highlighting a continued shift towards more complex, itinerary-led travel. This shift reflects a growing preference to maximise time and value with multiple destinations within a single trip rather than a single location.

Multi-destination trips become a defining travel pattern

While single-destination travel continues to account for most bookings, growth is increasingly driven by more complex itineraries. Multi-destination bookings are growing at more than twice the pace of single-destination travel, reflecting stronger demand for flexibility and deeper exploration.

Travellers are increasingly structuring trips across multiple cities to maximise both time and value, with popular combinations including:

Tokyo – Osaka – Kyoto (Japan)Seoul – Busan (South Korea)Bangkok – Phuket (Thailand)

These itineraries reflect a growing preference for multi-stop journeys that blend urban experiences with leisure destinations.

Southeast Asia sees fast growth in multi-destination travel 

Across Southeast Asia, demand for multi-destination travel is rising steadily, with strong growth across key markets of Thailand: 52%, Malaysia: 40%, and Singapore: 17%, according to Trip.com Group data.

Top outbound destinations across Southeast Asian markets include Japan (Tokyo, Osaka), South Korea (Seoul), China (Shanghai, Beijing), Thailand (Bangkok), Indonesia (Bali).

In other parts of Asia such as Hong Kong SAR, multi-destination travel also grew by over 50% year-on-year, highlighting growing preference for more complex itineraries over traditional single-destination trips, particularly in well-connected urban markets.

In Mainland China, domestic travel remains a strong base, while overseas journeys are increasingly shaped by multi-destination itineraries, with over 40% of outbound trips spanning multiple destinations and continuing to grow.

This suggests that travellers in this region are increasingly combining multiple cities within a single trip, supported by strong regional connectivity.

Japan’s domestic travel momentum on the rise

Japan is also seeing shifts in domestic travel behaviour, even as outbound demand continues to grow.

In Japan, domestic travel is growing rapidly, indicating rising interest in travelling within the country, accounting for one-quarter of all flight bookings, and to cities such as Tokyo, Sapporo and Okinawa.

Intra-Asia travel dominates Labour Day demand

The Labour Day holiday period continues to be driven by regional travel within Asia-Pacific, with travellers favouring destinations that offer ease of access, diverse experiences, and flexible itineraries.

The Group’s data highlights the continued strength of short-haul travel, supported by strong connectivity and shorter flight durations.

More broadly, the way people travel across Asia-Pacific is evolving. Travellers taking a more deliberate approach to how they plan their trips. While cross-border journeys are increasingly shaped by multi-city itineraries, domestic travel remains a strong and steady part of the landscape. Together, these patterns point to a more flexible and value-conscious mindset, as travellers look to make the most of both time and budget.

About Trip.com Group

Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, and Qunar. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission “to pursue the perfect trip for a better world”. Find out more about Trip.com Group here: group.trip.com.

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SOURCE Trip.com Group

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