Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Steel Wire Rope Market Size

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.

 

Steel Wire Rope Market Report Snapshots

Steel Wire Rope Market Size

Steel Wire Rope Market Growth

Steel Wire Rope Companies

 

*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.*

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Key Questions Answered in the Report

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.

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63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63 287899028, +63 967 048 3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124

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