Market Analysis and Insights: Global Steel Wire Rope Market

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.

Due to the COVID-19 pandemic, the global Steel Wire Rope market size is estimated to be worth US$ 8811.4 million in 2022 and is forecast to a readjusted size of US$ 11010 million by 2029 with a CAGR of 3.2% during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Left Regular Lay accounting for % of the Steel Wire Rope global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Industrial & Crane segment is altered to an % CAGR throughout this forecast period.

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.

Global Steel Wire Rope Scope and Market Size

The global Steel Wire Rope market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Steel Wire Rope market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Left Regular Lay

Left Lang Lay

Right Regular Lay

Right Lang Lay

Alternate Lay


Segment by Application


Industrial & Crane

Oil & Gas

Mining

Fishing & Marine

Others

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


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