Global Steel Wire Rope Market Growth 2023-2029

Global Steel 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.

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

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

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

The global Steel Wire Rope market size is projected to grow from US$ 8619.8 million in 2022 to US$ 10830 million in 2029; it is expected to grow at a CAGR of 10830 from 2023 to 2029.

China is the largest market with about 34% market share. Europe is follower with about 29% market share.

The key players are WireCo World Group, Tokyo Rope, Kiswire, Usha Martin, Scaw Metal, DIEPA, Bridon, Shinko, DSR, Gustav Wolf, YoungHeung, PFEIFER, Teufelberger, Redaelli, Brugg, Jiangsu Shenwang, Jiangsu Safety, Juli Sling, Ansteel Wire Rope, Hubei Fuxing, Jiangsu Langshan, Guizhou Wire Rope, Fasten Group, Xianyang Bamco etc. The top 5 companies account for about 19% of revenue market share.

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

Market Segmentation:

Segmentation by type
Left Regular Lay
Left Lang Lay
Right Regular Lay
Right Lang Lay
Alternate Lay

Segmentation by application
Industrial & Crane
Oil & Gas
Mining
Fishing & Marine
Others

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.
WireCo World Group
Tokyo Rope
Kiswire
Usha Martin
Scaw Metal
DIEPA
Bridon
Shinko
DSR
Gustav Wolf
YoungHeung
PFEIFER
Teufelberger
Redaelli
Brugg
Jiangsu Shenwang
Jiangsu Safety
Juli Sling
Ansteel Wire Rope
Hubei Fuxing
Jiangsu Langshan
Guizhou Wire Rope
Fasten Group
Xianyang Bamco

Key Questions Addressed in this Report

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

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

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

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

How does Steel 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.