Steel Wire Rope Market Scope And Analysis

Report Code : TIPRE00015645
Category : Chemicals and Materials

Status : Published
No. of Pages : 192

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Steel Wire Rope Market Scope and Analysis Report by 2031

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Steel Wire Rope Market Report Scope

Report Attribute	Details
Market size in 2023	US$ 9.54 Billion
Market Size by 2031	US$ 13.59 Billion
Global CAGR (2023 - 2031)	4.5%
Historical Data	2021-2022
Forecast period	2023-2031
Segments Covered	By Product Type Stainless Steel Wire Ropes Galvanized Steel Wire Ropes Carbon Steel Wire Ropes Coated Steel Wire Ropes By Type Regular Lay Lang Lay By End Use Mining Oil and Gas Building and Construction Marine and Fishing
Regions and Countries Covered	North America US Canada Mexico Europe UK Germany France Russia Italy Rest of Europe Asia-Pacific China India Japan Australia Rest of Asia-Pacific South and Central America Brazil Argentina Rest of South and Central America Middle East and Africa South Africa Saudi Arabia UAE Rest of Middle East and Africa
Market leaders and key company profiles	Drahtseile Gebr Henschel GmbH Usha Martin Ltd Asahi Intecc Co Ltd Tyler Madison Inc Central Wire Inc TEUFELBERGER ArcelorMittal SA PFEIFER Holding GmbH Co KG WireCo Bekaert

Steel Wire Rope Market News and Recent Developments

The steel wire rope market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:

Asahi Intecc Co., Ltd. merged with Toyoflex Corp to promote integration, rationalization, and efficiency of operations. The merger aims to enhance corporate value, develop R&D and production systems for global expansion, and establish a management foundation for sustainable growth. (Source: Asahi Intecc Co Ltd, Newsletter, 2023)
Usha Martin Ltd, launched TITAN, a European wire rope center, to revolutionize the oil, energy, offshore, and marine sectors. It provides reliable anchoring, mooring, and towing wire ropes, connecting to Usha Martin's global hubs in Singapore, Houston, Australia, and Dubai. The center offers installation and inspection services worldwide, with over 5000 tons of mooring, towing, and anchor-handling wire ropes available with third-party certification. (Source: Usha Martin Limited, Newsletter, 2024)
WireCo—a leading manufacturer of wire rope, synthetic rope, and electromechanical cable—launched Made in the USA High-Performance crane ropes at CONEXPO 2023. The US$ 30 million investment aims to provide the same quality ropes as those from Germany and Portugal but with local production. (Source: WireCo, Press Release, 2023)

Steel Wire Rope Market Report Coverage and Deliverables

The “Steel Wire Rope Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
Market dynamics such as drivers, restraints, and key opportunities
Key future trends
Detailed Porter’s Five Forces and SWOT analysis
Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
Detailed company profiles