Global Synthetic Fiber Rope Market Research Report 2023(Status and Outlook)
Report Overview
Synthetic fiber rope refers to the high strength fiber material through weaving, sewing and other processes, usually divided into synthetic fiber hoisting belt, fastener, safety belt, traction rope, cable, etc.The synthetic fiber rope industry was $1.3 billion in 2018 and is projected to reach $1.6 billion by 2025, with a compound annual growth rate of 4% from 2018 to 2025.The global market for synthetic fibre ropes has grown slowly over the past few years due to the continued impact of reduced customer spending on upstream offshore oil and gas-related demand (exploration, drilling and commissioning activities) and competitive price pressures.Nevertheless, synthetic fibre ropes are rapidly replacing steel ropes due to their superior properties and are in great demand in emerging markets in the Asia Pacific region.Key participants include Wireco World Group, Samson Rope Technologies, Garware-Wall Ropes Ltd., Bridon International Ltd., Teufelberger Holding AG, Marlow Ropes Ltd., Yale Cordage Inc., Juli Sling Co., Ltd, Cortland Limited, Southern Ropes,Lanex AS, GRPP, English Braids Ltd, Taizhou Hongda, Katradis, Jiangsu Shenyun, etc.Leading companies have the advantages of good performance, rich product types, mature technology and impeccable after-sales service.As a result, they have a large share of the high-end market.Looking ahead, the slow downward trend in prices in recent years will remain unchanged.As competition intensifies, the price gap between different brands will narrow.Similarly, gross margins can fluctuate.Chinese synthetic fiber ropes market achieved rapid development in recent years, Chinese companies by increasing investment and research and development, have a foothold in the international market, to participate in international competition and division of labor, to a certain extent, and obtain larger market share, but in terms of technical development and brand competition is still a certain gap compared with international large enterprises.Some large enterprises in China have been able to carry out independent research and development, and developed some special materials and products with independent intellectual property rights. In terms of varieties, specifications, quality and output scale, Chinese synthetic fiber ropes are narrowing the gap with similar products in other countries.On the whole, China's synthetic fiber rope enterprises still lag behind the world's advanced level in terms of product structure, quality, production cost, innovation ability, technical and economic indicators, waste resource utilization and environmental protection.
The Global Synthetic Fiber Rope Market Size was estimated at USD 1444.00 million in 2022 and is projected to reach USD 1862.17 million by 2029, exhibiting a CAGR of 3.70% during the forecast period.
Bosson Research’s latest report provides a deep insight into the global Synthetic Fiber Rope market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.
The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Synthetic Fiber Rope Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.
In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Synthetic Fiber Rope market in any manner.
Global Synthetic Fiber Rope Market: Market Segmentation Analysis
The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.
Key Company
WireCo World Group
Samson Rope Technologies
Garware-Wall Ropes Ltd.
Bridon International Ltd
Teufelberger Holding AG
Marlow Ropes Ltd.
Yale Cordage Inc
Juli Sling Co., Ltd
Cortland Limited
Southern Ropes
Lanex A.S
GRPP
English Braids Ltd
Taizhou Hongda Rope Net Co.,Ltd.
Katradis
Jiangsu Shenyun Rope Co,. Ltd
Market Segmentation (by Type)
Polypropylene Rope
Polyester Rope
Nylon Rope
Polyethylene Rope
Market Segmentation (by Application)
Automotive
Railway
Construction
Aerospace & Marine
Others
Geographic Segmentation
North America (USA, Canada, Mexico)
Europe (Germany, UK, France, Russia, Italy, Rest of Europe)
Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)
South America (Brazil, Argentina, Columbia, Rest of South America)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)
Key Benefits of This Market Research:
Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Synthetic Fiber Rope Market
Overview of the regional outlook of the Synthetic Fiber Rope Market:
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