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    Steel Wire Rope And Plastic Rope Market Report

    Steel Wire Rope And Plastic Rope Market Report
    Report code - SR1991 Delivery - 2 Weeks
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    Steel Wire Rope & Plastic Rope Market Size, Share, Trend, Forecast, & Industry Ana See more...

    Market Insights

    Steel Wire Rope & Plastic Rope Market is likely to witness an impressive CAGR of 5.2% during the forecast period. The growing demand for steel wire and plastic ropes is attributed to the increasing demand from various industries, such as industrial & crane, mining industries, and marine & fishing. Furthermore, steel wire rope and plastic ropes, being lightweight and possessing remarkable strength, offer low specific gravity, superior modulus of elasticity, high corrosion resistance, and high moldability, offering matchless impact resistance, flexibility, high strength, abrasion resistance, and corrosion resistance, which makes them much preferred in these industries.

    Steel Wire Rope & Plastic Rope Market - Snapshot

    Growth

    5.2% for the next five years

    Major Type of Lay

    Regular Lay

    Major Material Type

    Polypropylene

    Dominant Application Type

    Industrial & Crane

    Region with the highest demand

    Asia-Pacific

    Key Players

    Bekaert SA, Cortland Limited, English Braids Ltd., Jiangsu Langshan,

    Marlow Ropes Ltd., Samson Rope Technologies, Inc., Southern Ropes,

    Teufelberger Holding AG, Usha Martin, and Wireco Worldgroup Inc.

                                                                                                                                                                                    

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    Segments' Analysis

    Steel Wire Rope & Plastic Rope Market Share: By Type of Lay

    Based on the type of lay, the market is segmented as regular lay and lang lay. The regular lay segment held the larger share of the market in 2021, and is expected to remain dominant during the forecast period. Regular lay ropes are less prone to failure from distortion and crushing as they have shorter length of exposed outer wires. Also, compared to lang lay ropes, these ropes spool better. Owing to these properties, regular lay ropes find more use in various applications, which is likely to drive the growth of the segment during the forecast period.

    Steel Wire Rope & Plastic Rope Market Share: By Material Type

    Based on the material type, the market is segmented as polypropylene, polyester, nylon, HMPE, and specialty fibers. Polypropylene is expected to remain dominant during the forecast period. The usage of polypropylene ropes in the marine & fishing industry is on a large scale due to their economical price as compared to other ropes, which is a significant factor contributing to the growth of the segment.

    Steel Wire Rope & Plastic Rope Market Share: By Application Type

    Based on the application type, the market is segmented as marine & fishing, sports & leisure, oil & gas, industrial & crane, mining, construction, and others. The industrial & crane segment leads the market. Steel ropes are widely used in a range of end-user industries due to their high strength and lightweight nature. Marine and fishing equipment manufacturing, sports and leisure appliance manufacturing, and industrial crane and machinery manufacturing are a few examples. Steel and plastic ropes are gaining popularity due to their growing applications in these industries.

    Steel Wire Rope & Plastic Rope Market Share: By Region

    In terms of regions, Asia-Pacific is estimated to be the largest as well as the fastest-growing market for steel wire rope & plastic ropes during the forecast period, due to increase in the usage of steel ropes in various sectors, such as fishing, mining and construction. Recovery in end-use industries and advancement of industrial technology solutions are supporting the growth of the steel wire rope & plastic rope market in the region. The growth of the region's steel wire rope market is driven by the increasing demand for steel wire ropes from the industrial & crane, mining, and construction sectors. Increased urbanization and industrialization in countries such as China, India, and Japan are also driving the growth of the regional market.

     

    Market Scope & Segmentation

    Steel wire rope and plastic ropes are an assembly of yarns, plies, strands or fibers that are twisted or braided together into a stronger and larger form. They are formed in such a way that they can bear the load while lifting and dragging. Steel wire rope and plastic ropes are made with different materials such as steel, polypropylene, polyester, nylon, HMPE, and specialty fibers.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Steel Wire Rope & Plastic Rope Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The steel wire rope & plastic rope market is segmented into the following categories. 

     

    Steel Wire Rope & Plastic Rope Market Size, Share, & Forecast, by Type of Lay:

    • Regular Lay (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Lang Lay (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Steel Wire Rope & Plastic Rope Market Size, Share, & Forecast, by Material Type:

    • Polypropylene (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Polyester (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Nylon (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • HMPE (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Specialty Fibers (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Steel Wire Rope & Plastic Rope Market Size, Share, & Forecast, by Application Type:

    • Marine & Fishing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Sports & Leisure (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Industrial & Crane (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Steel Wire Rope & Plastic Rope Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Key Players

    Key players in the steel wire rope & plastic rope market are:

    • Bekaert SA
    • Cortland Limited
    • English Braids Ltd.
    • Jiangsu Langshan
    • Marlow Ropes Ltd.
    • Samson Rope Technologies, Inc.
    • Southern Ropes
    • Teufelberger Holding AG
    • Usha Martin
    • Wireco Worldgroup Inc.

    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the material types by application type. 

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com

    Frequently Asked Questions (FAQs)

    Steel Wire Rope & Plastic Rope Market is likely to witness an impressive CAGR of 5.2% during the forecast period.

    Some of the top players in the steel wire rope & plastic rope market are Bekaert SA, Cortland Limited, English Braids Ltd., Jiangsu Langshan, Marlow Ropes Ltd., Samson Rope Technologies, Inc., Southern Ropes, Teufelberger Holding AG, Usha Martin, and Wireco Worldgroup Inc.

    Based on the application type, the market is segmented as marine & fishing, sports & leisure, oil & gas, industrial & crane, mining, construction, and others. The industrial & crane segment leads the market. Steel ropes are widely used in a range of end-user industries due to their high strength and lightweight nature.

    The growing demand for steel wire and plastic ropes is attributed to the increasing demand from various industries, such as industrial & crane, mining industries, and marine & fishing. Furthermore, steel wire rope and plastic ropes, being lightweight and possessing remarkable strength, offer low specific gravity, superior modulus of elasticity, high corrosion resistance, and high moldability, offering matchless impact resistance, flexibility, high strength, abrasion resistance, and corrosion resistance, which makes them much preferred in these industries.

    Asia-Pacific is estimated to be the largest as well as the fastest-growing market for steel wire rope & plastic ropes during the forecast period, due to increase in the usage of steel ropes in various sectors, such as fishing, mining and construction.

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