The steel wire rope and plastic rope market size has grown strongly in recent years. It will grow from $14.96 billion in 2025 to $15.85 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to expansion of construction and mining activities, growth in offshore oil and gas operations, increasing use of steel wire ropes in cranes, rising adoption of synthetic ropes in marine sectors, availability of advanced polymer fibers.
The steel wire rope and plastic rope market size is expected to see strong growth in the next few years. It will grow to $20.59 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing investments in renewable energy projects, rising demand for lightweight lifting solutions, expansion of offshore wind installations, increasing focus on corrosion-resistant materials, technological advancements in HMPE and specialty fibers. Major trends in the forecast period include increasing demand for high-strength lifting solutions, rising use of synthetic ropes in marine applications, growing adoption of lightweight high-performance fibers, expansion of rope usage in offshore and energy projects, enhanced focus on durability and load safety.
The growing fishing industry is expected to drive the growth of the steel wire rope and plastic rope market. The fishing industry encompasses activities related to catching, processing, marketing, and selling fish and other aquatic resources, including crustaceans, mollusks, and seaweed. Steel wire ropes and plastic ropes are essential in this sector, particularly for making fishing nets, due to their high strength, durability, and resistance to harsh marine conditions. For instance, in July 2025, according to the Food and Agriculture Organization (FAO), an Italy-based agency, the agricultural sector - including forestry and fishing - employed 916 million people globally in 2023, representing 26.1% of the world’s total workforce. Therefore, the expansion of fishing jobs and the industry is driving demand for steel wire and plastic ropes.
Major players in the steel wire rope and plastic rope markets are strategically prioritizing product innovation, exemplified by the introduction of nylon ropes, to address evolving industry requirements for heightened durability, strength, and versatile applications across various sectors. HDPE (High-Density Polyethylene) Nylon Rope, a type of rope composed of a blend of HDPE and nylon fibers, combines the robustness and strength of nylon with the weather-resistant and versatile properties of HDPE. For instance, in March 2023, Bullplus Polyfils, an India-based manufacturer of premium ropes and netting products, launched an innovative HDPE nylon rope designed for heavy-duty applications. Manufactured with cutting-edge technology and superior-quality raw materials, the rope ensures maximum strength and durability. The unique blend of high-density polyethylene and nylon fibers makes it exceptionally strong and abrasion-resistant, suitable for harsh weather conditions and ideal for marine and outdoor use. Its superior strength makes it well-suited for demanding applications such as towing, lifting, and securing heavy objects.
In January 2023, Ben-Mor Cables Inc., a Canada-based manufacturer of slings and cable assemblies, completed the acquisition of Fortune Rope and Metal for an undisclosed amount. This strategic move expands Ben-Mor's presence across the United States, enhancing its ability to serve a broader customer base. Fortune Rope and Metal Co. LLC, based in the US, specializes in manufacturing aircraft cable, wire rope, chain, coated cable, stainless steel, galvanized chain, and hardware fittings for a diverse range of industrial and commercial customers.
Major companies operating in the steel wire rope and plastic rope market are N.V. Bekaert S.A., Cortland Limited, English Braids Ltd., Jiangsu Langshan Wire Rope Co. Ltd., Marlow Ropes Ltd., Samson Rope Technologies Inc., Southern Ropes Pty Ltd., Teufelberger Holding AG, Usha Martin Ltd., Sandin Manufacturing Inc., Bergen Cable Technology Inc., Strand Products Inc., Guizhou Wire Rope Incorporated Company, Ver Sales Inc., Dunamis Wire Ropes Mfg. LLP, Bekaert SA, WireCo WorldGroup Inc., Gustav Wolf, Wire Rope Industries, Bridon-Bekaert Ropes Group, Tokyo Rope Mfg. Co. Ltd., Kiswire Ltd., Shinko Wire Company Ltd., DSR Corporation, Alps Wire Rope Corporation, Jiangsu Nantong Jianghai Steel Wire Rope Co. Ltd., Jiangsu Fasten Steel Cable Co. Ltd., Jiangsu Bright Industry Co. Ltd., Pfeifer Drako Drahtseilwerk GmbH, Bharat Wire Ropes Limited, Tianjin Metallurgical Cable Co. Ltd., Loos & Co. Inc.
Asia-Pacific was the largest region in the steel wire rope and plastic rope market in 2025 and is expected to be the fastest-growing region in the global steel wire rope and plastic rope market report forecast period. The regions covered in the steel wire rope and plastic rope market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steel wire rope and plastic rope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The steel wire rope and plastic rope market consists of sales of galvanized wire rope and coated wire rope. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
The steel wire rope and plastic rope market size is expected to see strong growth in the next few years. It will grow to $20.59 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to growing investments in renewable energy projects, rising demand for lightweight lifting solutions, expansion of offshore wind installations, increasing focus on corrosion-resistant materials, technological advancements in HMPE and specialty fibers. Major trends in the forecast period include increasing demand for high-strength lifting solutions, rising use of synthetic ropes in marine applications, growing adoption of lightweight high-performance fibers, expansion of rope usage in offshore and energy projects, enhanced focus on durability and load safety.
The growing fishing industry is expected to drive the growth of the steel wire rope and plastic rope market. The fishing industry encompasses activities related to catching, processing, marketing, and selling fish and other aquatic resources, including crustaceans, mollusks, and seaweed. Steel wire ropes and plastic ropes are essential in this sector, particularly for making fishing nets, due to their high strength, durability, and resistance to harsh marine conditions. For instance, in July 2025, according to the Food and Agriculture Organization (FAO), an Italy-based agency, the agricultural sector - including forestry and fishing - employed 916 million people globally in 2023, representing 26.1% of the world’s total workforce. Therefore, the expansion of fishing jobs and the industry is driving demand for steel wire and plastic ropes.
Major players in the steel wire rope and plastic rope markets are strategically prioritizing product innovation, exemplified by the introduction of nylon ropes, to address evolving industry requirements for heightened durability, strength, and versatile applications across various sectors. HDPE (High-Density Polyethylene) Nylon Rope, a type of rope composed of a blend of HDPE and nylon fibers, combines the robustness and strength of nylon with the weather-resistant and versatile properties of HDPE. For instance, in March 2023, Bullplus Polyfils, an India-based manufacturer of premium ropes and netting products, launched an innovative HDPE nylon rope designed for heavy-duty applications. Manufactured with cutting-edge technology and superior-quality raw materials, the rope ensures maximum strength and durability. The unique blend of high-density polyethylene and nylon fibers makes it exceptionally strong and abrasion-resistant, suitable for harsh weather conditions and ideal for marine and outdoor use. Its superior strength makes it well-suited for demanding applications such as towing, lifting, and securing heavy objects.
In January 2023, Ben-Mor Cables Inc., a Canada-based manufacturer of slings and cable assemblies, completed the acquisition of Fortune Rope and Metal for an undisclosed amount. This strategic move expands Ben-Mor's presence across the United States, enhancing its ability to serve a broader customer base. Fortune Rope and Metal Co. LLC, based in the US, specializes in manufacturing aircraft cable, wire rope, chain, coated cable, stainless steel, galvanized chain, and hardware fittings for a diverse range of industrial and commercial customers.
Major companies operating in the steel wire rope and plastic rope market are N.V. Bekaert S.A., Cortland Limited, English Braids Ltd., Jiangsu Langshan Wire Rope Co. Ltd., Marlow Ropes Ltd., Samson Rope Technologies Inc., Southern Ropes Pty Ltd., Teufelberger Holding AG, Usha Martin Ltd., Sandin Manufacturing Inc., Bergen Cable Technology Inc., Strand Products Inc., Guizhou Wire Rope Incorporated Company, Ver Sales Inc., Dunamis Wire Ropes Mfg. LLP, Bekaert SA, WireCo WorldGroup Inc., Gustav Wolf, Wire Rope Industries, Bridon-Bekaert Ropes Group, Tokyo Rope Mfg. Co. Ltd., Kiswire Ltd., Shinko Wire Company Ltd., DSR Corporation, Alps Wire Rope Corporation, Jiangsu Nantong Jianghai Steel Wire Rope Co. Ltd., Jiangsu Fasten Steel Cable Co. Ltd., Jiangsu Bright Industry Co. Ltd., Pfeifer Drako Drahtseilwerk GmbH, Bharat Wire Ropes Limited, Tianjin Metallurgical Cable Co. Ltd., Loos & Co. Inc.
Asia-Pacific was the largest region in the steel wire rope and plastic rope market in 2025 and is expected to be the fastest-growing region in the global steel wire rope and plastic rope market report forecast period. The regions covered in the steel wire rope and plastic rope market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the steel wire rope and plastic rope market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The steel wire rope and plastic rope market consists of sales of galvanized wire rope and coated wire rope. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 1-3 business days.
Table of Contents
1. Executive Summary
2. Steel Wire Rope and Plastic Rope Market Characteristics
3. Steel Wire Rope and Plastic Rope Market Supply Chain Analysis
4. Global Steel Wire Rope and Plastic Rope Market Trends and Strategies
5. Steel Wire Rope and Plastic Rope Market Analysis of End Use Industries
7. Global Steel Wire Rope and Plastic Rope Strategic Analysis Framework, Current Market Size, Market Comparisons and Growth Rate Analysis
8. Global Steel Wire Rope and Plastic Rope Total Addressable Market (TAM) Analysis for the Market
9. Steel Wire Rope and Plastic Rope Market Segmentation
10. Steel Wire Rope and Plastic Rope Market Regional and Country Analysis
11. Asia-Pacific Steel Wire Rope and Plastic Rope Market
12. China Steel Wire Rope and Plastic Rope Market
13. India Steel Wire Rope and Plastic Rope Market
14. Japan Steel Wire Rope and Plastic Rope Market
15. Australia Steel Wire Rope and Plastic Rope Market
16. Indonesia Steel Wire Rope and Plastic Rope Market
17. South Korea Steel Wire Rope and Plastic Rope Market
18. Taiwan Steel Wire Rope and Plastic Rope Market
19. South East Asia Steel Wire Rope and Plastic Rope Market
20. Western Europe Steel Wire Rope and Plastic Rope Market
21. UK Steel Wire Rope and Plastic Rope Market
22. Germany Steel Wire Rope and Plastic Rope Market
23. France Steel Wire Rope and Plastic Rope Market
24. Italy Steel Wire Rope and Plastic Rope Market
25. Spain Steel Wire Rope and Plastic Rope Market
26. Eastern Europe Steel Wire Rope and Plastic Rope Market
27. Russia Steel Wire Rope and Plastic Rope Market
28. North America Steel Wire Rope and Plastic Rope Market
29. USA Steel Wire Rope and Plastic Rope Market
30. Canada Steel Wire Rope and Plastic Rope Market
31. South America Steel Wire Rope and Plastic Rope Market
32. Brazil Steel Wire Rope and Plastic Rope Market
33. Middle East Steel Wire Rope and Plastic Rope Market
34. Africa Steel Wire Rope and Plastic Rope Market
36. Steel Wire Rope and Plastic Rope Market Competitive Landscape and Company Profiles
37. Steel Wire Rope and Plastic Rope Market Other Major and Innovative Companies
40. Steel Wire Rope and Plastic Rope Market High Potential Countries, Segments and Strategies
41. Appendix
Executive Summary
Steel Wire Rope and Plastic Rope Market Global Report 2026 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses steel wire rope and plastic rope market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
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Description
Where is the largest and fastest growing market for steel wire rope and plastic rope? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The steel wire rope and plastic rope market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market. This section also examines key products and services offered in the market, evaluates brand-level differentiation, compares product features, and highlights major innovation and product development trends.
- The supply chain analysis section provides an overview of the entire value chain, including key raw materials, resources, and supplier analysis. It also provides a list competitor at each level of the supply chain.
- The updated trends and strategies section analyses the shape of the market as it evolves and highlights emerging technology trends such as digital transformation, automation, sustainability initiatives, and AI-driven innovation. It suggests how companies can leverage these advancements to strengthen their market position and achieve competitive differentiation.
- The regulatory and investment landscape section provides an overview of the key regulatory frameworks, regularity bodies, associations, and government policies influencing the market. It also examines major investment flows, incentives, and funding trends shaping industry growth and innovation.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include the technological advancements such as AI and automation, Russia-Ukraine war, trade tariffs (government-imposed import/export duties), elevated inflation and interest rates.
- The total addressable market (TAM) analysis section defines and estimates the market potential compares it with the current market size, and provides strategic insights and growth opportunities based on this evaluation.
- The market attractiveness scoring section evaluates the market based on a quantitative scoring framework that considers growth potential, competitive dynamics, strategic fit, and risk profile. It also provides interpretive insights and strategic implications for decision-makers.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth.
- Expanded geographical coverage includes Taiwan and Southeast Asia, reflecting recent supply chain realignments and manufacturing shifts in the region. This section analyzes how these markets are becoming increasingly important hubs in the global value chain.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The company scoring matrix section evaluates and ranks leading companies based on a multi-parameter framework that includes market share or revenues, product innovation, and brand recognition.
Report Scope
Markets Covered:
1) By Type of Lay: Regular Lay; Lang Lay2) By Material Type: Polypropylene; Polyester; Nylon; High Modulus Polyethylene (HMPE); Specialty Fibers
3) By Application: Marine and Fishing; Sports and Leisure; Oil and Gas; Industrial and Crane; Mining; Construction; Other Applications
Subsegments:
1) By Regular Lay: Right Regular Lay; Left Regular Lay2) By Lang Lay: Right Lang Lay; Left Lang Lay
Companies Mentioned: N.V. Bekaert S.a.; Cortland Limited; English Braids Ltd.; Jiangsu Langshan Wire Rope Co. Ltd.; Marlow Ropes Ltd.; Samson Rope Technologies Inc.; Southern Ropes Pty Ltd.; Teufelberger Holding AG; Usha Martin Ltd.; Sandin Manufacturing Inc.; Bergen Cable Technology Inc.; Strand Products Inc.; Guizhou Wire Rope Incorporated Company; Ver Sales Inc.; Dunamis Wire Ropes Mfg. LLP; Bekaert SA; WireCo WorldGroup Inc.; Gustav Wolf; Wire Rope Industries; Bridon-Bekaert Ropes Group; Tokyo Rope Mfg. Co. Ltd.; Kiswire Ltd.; Shinko Wire Company Ltd.; DSR Corporation; Alps Wire Rope Corporation; Jiangsu Nantong Jianghai Steel Wire Rope Co. Ltd.; Jiangsu Fasten Steel Cable Co. Ltd.; Jiangsu Bright Industry Co. Ltd.; Pfeifer Drako Drahtseilwerk GmbH; Bharat Wire Ropes Limited; Tianjin Metallurgical Cable Co. Ltd.; Loos & Co. Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Taiwan; Russia; South Korea; UK; USA; Canada; Italy; Spain.
Regions: Asia-Pacific; South East Asia; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: Word, PDF or Interactive Report + Excel Dashboard
Added Benefits:
- Bi-Annual Data Update
- Customisation
- Expert Consultant Support
Companies Mentioned
The companies featured in this Steel Wire Rope and Plastic Rope market report include:- N.V. Bekaert S.A.
- Cortland Limited
- English Braids Ltd.
- Jiangsu Langshan Wire Rope Co. Ltd.
- Marlow Ropes Ltd.
- Samson Rope Technologies Inc.
- Southern Ropes Pty Ltd.
- Teufelberger Holding AG
- Usha Martin Ltd.
- Sandin Manufacturing Inc.
- Bergen Cable Technology Inc.
- Strand Products Inc.
- Guizhou Wire Rope Incorporated Company
- Ver Sales Inc.
- Dunamis Wire Ropes Mfg. LLP
- Bekaert SA
- WireCo WorldGroup Inc.
- Gustav Wolf
- Wire Rope Industries
- Bridon-Bekaert Ropes Group
- Tokyo Rope Mfg. Co. Ltd.
- Kiswire Ltd.
- Shinko Wire Company Ltd.
- DSR Corporation
- Alps Wire Rope Corporation
- Jiangsu Nantong Jianghai Steel Wire Rope Co. Ltd.
- Jiangsu Fasten Steel Cable Co. Ltd.
- Jiangsu Bright Industry Co. Ltd.
- Pfeifer Drako Drahtseilwerk GmbH
- Bharat Wire Ropes Limited
- Tianjin Metallurgical Cable Co. Ltd.
- Loos & Co. Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 250 |
| Published | January 2026 |
| Forecast Period | 2026 - 2030 |
| Estimated Market Value ( USD | $ 15.85 Billion |
| Forecasted Market Value ( USD | $ 20.59 Billion |
| Compound Annual Growth Rate | 6.8% |
| Regions Covered | Global |
| No. of Companies Mentioned | 33 |
