Global Elevator Wire Rope Market Growth 2023-2029

Global Elevator Wire Rope Market Growth 2023-2029

Steel wire rope is a piece of machinery which is widely used in construction, mining, oil & gas extraction and other areas. Usually a steel wire rope is composed of wires, strands and a core, which is made of fiber or steel. The purpose of the core is to provide support and maintain the position of the outer strands during operation. The wires are predominantly constructed from high-carbon steel and stainless steel. The wires are twisted to form strands and they designate the strength of the steel wire rope. This report studies the Elevator Wire Rope market.

LPI (LP Information)' newest research report, the “Elevator Wire Rope Industry Forecast” looks at past sales and reviews total world Elevator Wire Rope sales in 2022, providing a comprehensive analysis by region and market sector of projected Elevator Wire Rope sales for 2023 through 2029. With Elevator Wire Rope sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Wire Rope industry.

This Insight Report provides a comprehensive analysis of the global Elevator Wire Rope 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 Wire Rope portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Elevator Wire Rope market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Wire Rope 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 Wire Rope.

The global Elevator Wire Rope market size is projected to grow from US$ million in 2022 to US$ million in 2029; it is expected to grow at a CAGR of % from 2023 to 2029.

The United State elevator wire rope industry is highly concentrated with only a few players at present. Leading manufacturers are mainly from Europe. Leading players in United State elevator wire rope are Gustav Wolf, Bekaert, Wirerope Works, Pfeifer Drako and Kiswire. Gustav Wolf is the largest manufacturer in USA, with the market share of 48%.

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

Market Segmentation:

Segmentation by type
Fiber Core
Steel Core

Segmentation by application
Traction Elevators
Hydraulic Elevators

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 analyzing the company's coverage, product portfolio, its market penetration.
Gustav Wolf
Bekaert
Wirerope Works
Pfeifer Drako
Kiswire
CERTEX
Usha Martin

Key Questions Addressed in this Report

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

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

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

How do Elevator Wire Rope market opportunities vary by end market size?

How does Elevator Wire Rope break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

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