Global Elevator Ropes Market Growth 2025-2031

The global Elevator Ropes market size is predicted to grow from US$ 876 million in 2025 to US$ 1094 million in 2031; it is expected to grow at a CAGR of 3.8% from 2025 to 2031.

Elevator ropes are highly engineered and made of steel with other composites. Also they are not single wires but several strands of various sizes wrapped together. A typical cable or rope can have over 150 strands of wire precisely designed to be strong, flexible, and give long service.

Global key players of Elevator Ropes include Tokyo Rope Mfg, Gustav Wolf GmbH, Jiangsu Safety Wire Rope and BRUGG Lifting AG, etc. The top four players hold a share about 40%. Asia-Pacific is the largest market, has a share about 65%. In terms of product type, Fiber Core (FC) is the largest segment, occupied for a share of about 50%, and in terms of application, Traction Elevator has a share about 55 percent.

LP Information, Inc. (LPI) ' newest research report, the “Elevator Ropes Industry Forecast” looks at past sales and reviews total world Elevator Ropes sales in 2024, providing a comprehensive analysis by region and market sector of projected Elevator Ropes sales for 2025 through 2031. With Elevator Ropes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Ropes industry.

This Insight Report provides a comprehensive analysis of the global Elevator Ropes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator Ropes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator Ropes market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Ropes and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator Ropes.

This report presents a comprehensive overview, market shares, and growth opportunities of Elevator Ropes market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Fiber Core (FC)
Independent Wire Rope Core (IWRC)
Others

Segmentation by Application:
Traction Elevator
Hydraulic Elevator
Machine-Room-Less (MRL) Elevator

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Tokyo Rope Mfg
Gustav Wolf GmbH
Jiangsu Safety Wire Rope
BRUGG Lifting AG
PFEIFER
Goldsun Wire Rope
Bekaert
KISWIRE LTD
Usha Martin
Bharat Wire Ropes
Santini Funi Srl

Key Questions Addressed in this Report

What is the 10-year outlook for the global Elevator Ropes market?

What factors are driving Elevator Ropes market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Elevator Ropes market opportunities vary by end market size?

How does Elevator Ropes break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.