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The global steel wire rope market attained a value of USD 9038 million in 2023. The market is projected to further grow at a CAGR of 3.4% between 2024 and 2032 to reach a value of USD 10991 million by 2032.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.
1 Preface
2 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 Opportunities and Challenges in the Market
8 Global Steel Wire Rope Market Analysis
8.1 Key Industry Highlights
8.2 Global Steel Wire Rope Historical Market (2018-2023)
8.3 Global Steel Wire Rope Market Forecast (2024-2032)
8.4 Global Steel Wire Rope Market by Type of Lay
8.4.1 Regular Lay
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Lang Lay
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Alternate Lay
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Steel Wire Rope Market by Strand Pattern
8.5.1 Single Layer
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Filler Wire
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Seals
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Warrington
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Combination
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.6 Global Steel Wire Rope Market by Steel Type
8.6.1 Stainless Steel
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Galvanized Steel
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.7 Global Steel Wire Rope Market by Coating Type
8.7.1 Vinyl
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Zinc
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Nylon
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 PVC
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Steel Wire Rope Market by Application
8.8.1 Oil and Gas
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Heavy Machinery
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Mining
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Marine
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 General Engineering
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
8.8.6 Construction
8.8.6.1 Historical Trend (2018-2023)
8.8.6.2 Forecast Trend (2024-2032)
8.8.7 Others
8.9 Global Steel Wire Rope Market by Region
8.9.1 North America
8.9.1.1 Historical Trend (2018-2023)
8.9.1.2 Forecast Trend (2024-2032)
8.9.2 Europe
8.9.2.1 Historical Trend (2018-2023)
8.9.2.2 Forecast Trend (2024-2032)
8.9.3 Asia Pacific
8.9.3.1 Historical Trend (2018-2023)
8.9.3.2 Forecast Trend (2024-2032)
8.9.4 Latin America
8.9.4.1 Historical Trend (2018-2023)
8.9.4.2 Forecast Trend (2024-2032)
8.9.5 Middle East and Africa
8.9.5.1 Historical Trend (2018-2023)
8.9.5.2 Forecast Trend (2024-2032)
9 North America Steel Wire Rope Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Steel Wire Rope Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Steel Wire Rope Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Steel Wire Rope Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Steel Wire Rope Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Trade Data Analysis
16.1 Major Importing Countries
16.1.1 By Volume
16.1.2 By Value
16.2 Major Exporting Countries
16.2.1 By Volume
16.2.2 By Value
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 Cortland Limited
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Anchor Industries Pty Ltd
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Samson Rope Technologies, Inc.
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Chung Woo Rope Co. Ltd
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 Teufelberger Holding AG
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.5 Fasten Group
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Bekaert Group
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Others
18 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operations Involved
2 Project Requirements and Cost Analysis
2.1 Land, Location, and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Materials
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investments
List of Key Figures and Tables
1. Global Steel Wire Rope Market: Key Industry Highlights, 2018 and 2032
2. Global Steel Wire Rope Historical Market: Breakup by Type of Lay (USD Billion), 2018-2023
3. Global Steel Wire Rope Market Forecast: Breakup by Type of Lay (USD Billion), 2024-2032
4. Global Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Billion), 2018-2023
5. Global Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Billion), 2024-2032
6. Global Steel Wire Rope Historical Market: Breakup by Steel Type (USD Billion), 2018-2023
7. Global Steel Wire Rope Market Forecast: Breakup by Steel Type (USD Billion), 2024-2032
8. Global Steel Wire Rope Historical Market: Breakup by Coating Type (USD Billion), 2018-2023
9. Global Steel Wire Rope Market Forecast: Breakup by Coating Type (USD Billion), 2024-2032
10. Global Steel Wire Rope Historical Market: Breakup by Application (USD Billion), 2018-2023
11. Global Steel Wire Rope Market Forecast: Breakup by Application (USD Billion), 2024-2032
12. Global Steel Wire Rope Historical Market: Breakup by Region (USD Billion), 2018-2023
13. Global Steel Wire Rope Market Forecast: Breakup by Region (USD Billion), 2024-2032
14. North America Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2018-2023
15. North America Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Europe Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Europe Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Asia Pacific Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Asia Pacific Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Latin America Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Latin America Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Middle East and Africa Steel Wire Rope Historical Market: Breakup by Country (USD Billion), 2018-2023
23. Middle East and Africa Steel Wire Rope Market Forecast: Breakup by Country (USD Billion), 2024-2032
24. Major Importing Countries by Volume
25. Major Exporting Countries by Volume
26. Major Importing Countries by Value
27. Major Exporting Countries by Value
28. Global Steel Wire Rope Market Structure
In 2023, the market size attained a value of approximately USD 9038 million.
The market is projected to grow at a CAGR of 3.4% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 10991 million by 2032.
The major market drivers are rising population, and the increasing demand from marine and fishery, industrial and crane, and mining industries.
Key trends of the market are favourable characteristics of steel wire rope like excellent resistance to impact, durability, high strength, abrasion, and corrosion resistance and growing disposable incomes.
The leading types of lay in the market are regular lay, lang lay, and alternate lay.
The leading coating types of steel wire rope in the market are vinyl, zinc, nylon, and PVC, among others.
The significant applications in the market are oil and gas, heavy machinery, mining, marine, general engineering, and construction, among others.
The major players in the global steel wire rope 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 global steel wire rope market is being driven by growing demand from marine and fishery. Aided by the technological advancements, the market is expected to witness a moderate growth in the forecast period of 2024-2032, growing at a CAGR of 3.40%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type of lay, the market is segmented into regular lay, lang lay, and alternate lay. By strand pattern, the industry is divided into single layer, filler wire, seals, warrington, and combination. On the basis of steel type, the market is bifurcated into stainless steel and galvanized steel. Based on coating type, the industry is segmented into vinyl, zinc, nylon, and PVC, among others. By application, the market is categorised into oil and gas, heavy machinery, mining, marine, general engineering, and construction, among others. The major regional markets for steel wire rope are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include 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.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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