Wire Rope Sheave Market Report: Trends, Forecast and Competitive Analysis to 2030

Wire Rope Sheave Market Report: Trends, Forecast and Competitive Analysis to 2030

Wire Rope Sheave Trends and Forecast

The future of the global wire rope sheave market looks promising with opportunities in the building and industrial applications. The global wire rope sheave market is expected to reach an estimated $3.6 billion by 2030 with a CAGR of 3.4% from 2024 to 2030. The major drivers for this market are rising demand for mobile lifting equipment in manufacturing units and continual growth of offshore exploration activity.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Wire Rope Sheave by Segment

The study includes a forecast for the global wire rope sheave by type, application, end use industry, technology, and region

Wire Rope Sheave Market by Type [Shipment Analysis by Value from 2018 to 2030]:

• Below 1ton
• 1ton - 2ton
• Above 2ton

Wire Rope Sheave Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Building
• Industrial
• Others

Wire Rope Sheave Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Wire Rope Sheave Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies wire rope sheave companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the wire rope sheave companies profiled in this report include-

• DGCRANE
• Certex
• Bear Equipment
• Gunnebo Johnson
• Samsel
• Mazzella
• Timberland Equipment
• Loos
• Suncor Stainless

Wire Rope Sheave Market Insights

Lucintel forecast that below 1ton is expected to witness highest growth over the forecast period due to its wide variety of applications, such as hoists, winches, and elevators.

Within this market, building is expected to witness highest growth over the forecast period.

APAC is expected to witness highest growth over the forecast period due to growing demand for wire rope sheaves in various end use industries, such as construction, mining, and manufacturing sectors of the region.

Features of the Global Wire Rope Sheave Market

Market Size Estimates: Wire rope sheave market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Wire rope sheave market size by type, application, and region in terms of value ($B).

Regional Analysis: Wire rope sheave market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the wire rope sheave market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the wire rope sheave market.

Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q.1 What is the wire rope sheave market size?

Answer: The global wire rope sheave market is expected to reach an estimated $3.6 billion by 2030.

Q.2 What is the growth forecast for wire rope sheave market?

Answer: The global wire rope sheave market is expected to grow with a CAGR of 3.4% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the wire rope sheave market?

Answer: The major drivers for this market are rising demand for mobile lifting equipment in manufacturing units and continual growth of offshore exploration activity.

Q4. What are the major segments for wire rope sheave market?

Answer: The future of the wire rope sheave market looks promising with opportunities in the building and industrial applications.

Q5. Who are the key wire rope sheave market companies?

Answer: Some of the key wire rope sheave companies are as follows:

• DGCRANE
• Certex
• Bear Equipment
• Gunnebo Johnson
• Samsel
• Mazzella
• Timberland Equipment
• Loos
• Suncor Stainless

Q6. Which wire rope sheave market segment will be the largest in future?

Answer: Lucintel forecast that below 1ton is expected to witness highest growth over the forecast period due to its wide variety of applications, such as hoists, winches, and elevators.

Q7. In wire rope sheave market, which region is expected to be the largest in next 5 years?

Answer: APAC is expected to witness highest growth over the forecast period due to growing demand for wire rope sheaves in various end use industries, such as construction, mining, and manufacturing sectors of the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

Q.1. What are some of the most promising, high-growth opportunities for the wire rope sheave market by type (below 1ton, 1ton - 2ton, and above 2ton), application (building, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?

Please note: It will take 3 business days to deliver the report upon receipt the order.