Steel Wire Rope Market Share, Size, and Outlook by 2031
Steel Wire Rope Market: Strategic Insights
Steel Wire Rope Market
-
CAGR (2023 - 2031)4.5% -
Market Size 2023
US$ 9.54 Billion -
Market Size 2031
US$ 13.59 Billion
Market Dynamics
GROWTH DRIVERS
- Strong growth in building and construction industry
- High demand for steel wire ropes from oil and gas industry
FUTURE TRENDS
- Focus on recycling steel wire ropes
OPPORTUNITIES
- Increasing demand for galvanized steel wire ropes
Key Players
- 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
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Product Type
- Stainless Steel Wire Ropes
- Galvanized Steel Wire Ropes
- Carbon Steel Wire Ropes
- Coated Steel Wire Ropes
Type
- Regular Lay
- Lang Lay
End Use
- Mining
- Oil and Gas
- Building and Construction
- Marine and Fishing