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Steel Wire Rope Market Size, Share, Growth, Report and Forecast 2021-2026

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    Report

  • 202 Pages
  • October 2020
  • Region: Global
  • Expert Market Research
  • ID: 5323451
Global Steel Wire Rope Market to be Driven by the Increasing Demand from Major Application Sectors in the Forecast Period of 2021-2026

The new report titled, ‘Global Steel Wire Rope Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global steel wire rope market, assessing the market based on types of lay, strand patterns, steel types, coating types, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

The key highlights of the report include:
  • Market Overview (2016-2026)
  • Forecast CAGR (2021-2026): 3.8%

The global steel wire rope market is being driven by the increasing demand from major application sectors, such as oil and gas and heavy machinery. The Asia Pacific is one of the leading regions in the global steel wire rope industry. Steel wire rope consumption and sales are extremely high in the Asia Pacific, especially in China, Indonesia, and India. The steel wire rope industry in China has grown significantly over the last decade owing to the growing production of steel and rising investments in infrastructure activities involving lifting and motion applications. The increasing construction activities in China are expected to provide enhanced growth opportunities to the market in the forecast period.

Steel Wire Rope: Industry Definition and Segments

A steel wire rope, which is composed of wires, strands, and a core made of steel and fibre, is a machinery commonly used in construction, mining, oil and gas, and marine sectors, among others. The function of the core is to sustain the external strands and protect them as they function. The wires, which are primarily made of stainless steel and high carbon steel, are twisted into strands to finally produce steel wire ropes.

The type of lay can be divided into:
  • Regular Lay
  • Lang Lay
  • Alternate Lay

By strand pattern, the market can be categorised as follows:
  • Single Layer
  • Filler Wire
  • Seals
  • Warrington
  • Combination

On the basis of steel type, the market can be bifurcated into:
  • Stainless Steel
  • Galvanised Steel

Based on coating type, the industry can be divided into:
  • Vinyl
  • Zinc
  • Nylon
  • PVC
  • Others

Steel wire rope finds applications in sectors like:
  • Oil and Gas
  • Heavy Machinery
  • Mining
  • Marine
  • General Engineering
  • Construction
  • Others

The major regional markets of the product include:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Industry Trends:

The steel wire rope industry is expected to witness a healthy growth as a result of the product’s expanding applications in various sectors such as marine and fishery, and industrial and crane, among others. Steel wire ropes are light, strong, corrosion resistant, have low specific gravity and excellent elasticity, and are easy to mould. These ropes are favoured in these sectors because of their excellent impact resistance, longevity, high strength, abrasion resistance, and corrosion resistance. In the coming years, the rapid urbanisation and industrialisation and the growth of these sectors, particularly in emerging nations, are expected to drive the market growth.

Key Market Players

The major players in the market are Cortland Limited, Anchor Industries Pty Ltd, Samson Rope Technologies, Inc., Chung Woo Rope Co. Ltd, Teufelberger Holding AG, Fasten Group, and Bekaert Group, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Steel Wire Rope Market Analysis
8.1 Key Industry Highlights
8.2 Global Steel Wire Rope Historical Market (2016-2020)
8.3 Global Steel Wire Rope Market Forecast (2021-2026)
8.4 Global Steel Wire Rope Market by Type of Lay
8.4.1 Regular Lay
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2016-2020)
8.4.1.3 Forecast Trend (2021-2026)
8.4.2 Lang Lay
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2016-2020)
8.4.2.3 Forecast Trend (2021-2026)
8.4.3 Alternate Lay
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2016-2020)
8.4.3.3 Forecast Trend (2021-2026)
8.5 Global Steel Wire Rope Market by Strand Pattern
8.5.1 Single Layer
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2016-2020)
8.5.1.3 Forecast Trend (2021-2026)
8.5.2 Filler Wire
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2016-2020)
8.5.2.3 Forecast Trend (2021-2026)
8.5.3 Seals
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2016-2020)
8.5.3.3 Forecast Trend (2021-2026)
8.5.4 Warrington
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2016-2020)
8.5.4.3 Forecast Trend (2021-2026)
8.5.5 Combination
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2016-2020)
8.5.5.3 Forecast Trend (2021-2026)
8.6 Global Steel Wire Rope Market by Steel Type
8.6.1 Stainless Steel
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2016-2020)
8.6.1.3 Forecast Trend (2021-2026)
8.6.2 Galvanized Steel
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2016-2020)
8.6.2.3 Forecast Trend (2021-2026)
8.7 Global Steel Wire Rope Market by Coating Type
8.7.1 Vinyl
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2016-2020)
8.7.1.3 Forecast Trend (2021-2026)
8.7.2 Zinc
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2016-2020)
8.7.2.3 Forecast Trend (2021-2026)
8.7.3 Nylon
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2016-2020)
8.7.3.3 Forecast Trend (2021-2026)
8.7.4 PVC
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2016-2020)
8.7.4.3 Forecast Trend (2021-2026)
8.7.5 Others
8.8 Global Steel Wire Rope Market by Application
8.8.1 Oil and Gas
8.8.1.1 Market Share
8.8.1.2 Historical Trend (2016-2020)
8.8.1.3 Forecast Trend (2021-2026)
8.8.2 Heavy Machinery
8.8.2.1 Market Share
8.8.2.2 Historical Trend (2016-2020)
8.8.2.3 Forecast Trend (2021-2026)
8.8.3 Mining
8.8.3.1 Market Share
8.8.3.2 Historical Trend (2016-2020)
8.8.3.3 Forecast Trend (2021-2026)
8.8.4 Marine
8.8.4.1 Market Share
8.8.4.2 Historical Trend (2016-2020)
8.8.4.3 Forecast Trend (2021-2026)
8.8.5 General Engineering
8.8.5.1 Market Share
8.8.5.2 Historical Trend (2016-2020)
8.8.5.3 Forecast Trend (2021-2026)
8.8.6 Construction
8.8.6.1 Market Share
8.8.6.2 Historical Trend (2016-2020)
8.8.6.3 Forecast Trend (2021-2026)
8.8.7 Others
8.9 Global Steel Wire Rope Market by Region
8.9.1 Market Share
8.9.1.1 North America
8.9.1.2 Europe
8.9.1.3 Asia Pacific
8.9.1.4 Latin America
8.9.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2016-2020)
9.1.2 Forecast Trend (2021-2026)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2016-2020)
9.2.2 Forecast Trend (2021-2026)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2016-2020)
9.3.2 Forecast Trend (2021-2026)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2016-2020)
9.4.2 Forecast Trend (2021-2026)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2016-2020)
9.5.2 Forecast Trend (2021-2026)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Countries:
12.1.1 By Value
12.1.2 By Volume
12.2 Major Importing Countries
12.2.1 By Value
12.2.2 By Volume
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 Cortland Limited
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Anchor Industries Pty Ltd
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Samson Rope Technologies, Inc.
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Chung Woo Rope Co. Ltd
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Teufelberger Holding AG
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Fasten Group
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Bekaert Group
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Others
14 Industry Events and Developments
List of Figures and Tables
1. Global Steel Wire Rope Market: Key Industry Highlights, 2016 and 2026
2. Global Steel Wire Rope Historical Market: Breakup by Type of Lay (USD Billion), 2016-2020
3. Global Steel Wire Rope Market Forecast: Breakup by Type of Lay (USD Billion), 2021-2026
4. Global Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Billion), 2016-2020
5. Global Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Billion), 2021-2026
6. Global Steel Wire Rope Historical Market: Breakup by Steel Type (USD Billion), 2016-2020
7. Global Steel Wire Rope Market Forecast: Breakup by Steel Type (USD Billion), 2021-2026
8. Global Steel Wire Rope Historical Market: Breakup by Coating Type (USD Billion), 2016-2020
9. Global Steel Wire Rope Market Forecast: Breakup by Coating Type (USD Billion), 2021-2026
10. Global Steel Wire Rope Historical Market: Breakup by Application (USD Billion), 2016-2020
11. Global Steel Wire Rope Market Forecast: Breakup by Application (USD Billion), 2021-2026
12. Global Steel Wire Rope Historical Market: Breakup by Region (USD Billion), 2016-2020
13. Global Steel Wire Rope Market Forecast: Breakup by Region (USD Billion), 2021-2026
14. North America Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
15. North America Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
16. Europe Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
17. Europe Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
18. Asia Pacific Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
19. Asia Pacific Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
20. Latin America Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
21. Latin America Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
22. Middle East and Africa Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2016-2020
23. Middle East and Africa Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2021-2026
24. Major Importing Countries by Volume (2020)
25. Major Exporting Countries by Volume (2020)
26. Major Importing Countries by Value (2020)
27. Major Exporting Countries by Value (2020)
28. Global Steel Wire Rope Market Structure

Companies Mentioned

  • Cortland Limited
  • Anchor Industries Pty Ltd
  • Samson Rope Technologies, Inc.
  • Chung Woo Rope Co. Ltd
  • Teufelberger Holding AG
  • Fasten Group
  • Bekaert Group

Methodology

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