Sub Saharan Africa Steel Wire Rope Market Report and Forecast 2024-2032

Sub-Saharan Africa Steel Wire Rope Market Report and Forecast 2024-2032

Market Outlook

According to the report by Expert Market Research (EMR), the Sub-Saharan Africa steel wire rope market is projected to grow at a CAGR of 3.50% between 2024 and 2032 reaching a value of around USD 868.85 million by 2032.. Aided by the burgeoning infrastructure projects, increased mining activities, and the rising demands in various sectors such as construction and shipping, the market is expected to grow significantly by 2032.

Steel wire ropes, comprised of multiple strands of metal wire twisted into a helix, are primarily utilised for their strength and flexibility. Their intrinsic properties such as high tensile strength, endurance, and resistance to environmental adversities render them indispensable in numerous industrial applications. In the context of Sub-Saharan Africa, these ropes play a pivotal role in mining, shipping, construction, and oil & gas sectors.

The momentum of the Sub-Saharan Africa steel wire rope market growth can be attributed to the considerable investments in infrastructure development projects. As countries in the region relentlessly pursue urbanisation and modernisation, the demand for reliable and sturdy materials like steel wire ropes for construction and transportation projects has witnessed a significant uptick.

Moreover, Sub-Saharan Africa is endowed with abundant mineral resources. The intensification of mining activities, particularly in nations like South Africa, Congo, and Zambia, has invariably fuelled the demand for steel wire ropes, which are extensively used in excavation and material handling.

According to the Sub-Saharan Africa steel wire rope market analysis, with the African coastline stretching over 30,000 kilometres, maritime activities play a crucial role in the continent's economy. Ports, shipping, and offshore drilling operations contribute significantly to the regional GDP, subsequently pushing the demand for steel wire ropes, essential for hoisting, anchoring, and towing.

Yet, the potential of steel wire ropes isn't limited to the above sectors. With the burgeoning energy demands of the rapidly growing population, countries in Sub-Saharan Africa are exploring alternative energy sources. Wind energy projects are gaining momentum, and steel wire ropes, being pivotal for erecting wind turbines, further influences the Sub-Saharan Africa steel wire rope market outlook.

The steel wire rope market in Sub-Saharan Africa stands at a significant juncture. As the region accelerates its journey towards infrastructural development, industrialisation, and economic diversification, the reliance on robust and versatile materials like steel wire ropes will invariably intensify. With the concerted efforts of policymakers, industries, and stakeholders, the market is set for a promising and resilient growth in the upcoming years.

Market Segmentation

The market can be divided based on type of lay, strand pattern, coating type, application, and country.

Market Breakup by Type of Lay

• Regular Lay
• Lang Lay
• Alternate Lay

Market Breakup by Strand Pattern

• Single Layer
• Filler Wire
• Warrington
• Combination

Market Breakup by Coating Type

• Vinyl
• Zinc
• Nylon
• PVC
• Others

Market Breakup by Application

• Oil and Gas
• Heavy Machinery
• Mining
• Marine
• General Engineering
• Construction
• Others

Market Breakup by Country

• South Africa
• Nigeria
• Kenya
• Ghana
• Others

Competitive Landscape

The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the Sub-Saharan Africa steel wire rope market. Some of the major players explored in the report by Expert Market Research are as follows:

• NV Bekaert SA
• Nigerian Ropes Plc
• Ndlovu Wire Ropes
• Rope Constructions Company
• Scaw South Africa (Proprietary) Limited (Scaw)
• Anchor Industries
• Accord Lifting
• Haggie Rand Zimbabwe (Pvt) Ltd
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.