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    Structure Ropes Market Report

    Structure Ropes Market Report
    Report code - SR2014 Published On : Jun,2022 No. of Pages: 135
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    Structure Ropes Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Oppo See more...

    Market Insights

    Structure ropes are mainly used to support the structure and evenly distribute the loads. Wire ropes are widely used in cable bridges, stadium roofs, and specialized structures such as telecommunication masts, and amusement park ferry wheels. Ropes used in structural applications usually have a lifespan of 20-100 years, depending on the application. Increasing investments in infrastructure projects (bridges and telecommunications), especially in emerging economies, rapid urbanization, growing sports industry, and other factors are all contributing to the growth of the structure ropes market.

    The Covid-19 pandemic wreaked havoc on industries. The structure ropes market was no exception, suffering a severe setback as a result of a halt in construction activities, supply chain disruption, lockdowns, and a global shrinking economy. As the lockdowns eased and massive vaccination drives began, all industries started recovering gradually. The structure ropes market witnessed a growth of 1.9% in 2021 and is expected to reach its pre-Covid figure by 2022. Overall, the market is likely to grow at a modest CAGR of 2.5% during the forecast period to reach a value of US$ 0.4 Billion in 2027.

    Structure Ropes Market – Snapshot

    Growth (2022-2027)

    2.5% for the next five years

    Major Application Type

    Bridges

    Major Raw Material Type

    Steel ropes

    Region with the highest demand

    North America

    Key Players

    Bridon-Bekaert (The Ropes Group), Fatzer AG (BRUGG Group), Teufelberger-Redaelli, Usha Martin Limited, and WireCo World Group

     

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    Segments' Analysis

    Based on the application type, the market is bifurcated into bridges, roof structures, stayed masts and towers, and specialized structural projects. Among these application types, bridges held the largest share of the pie in 2021, and are expected to maintain their leading positions during the forecast period. The bridge's application segment is further bifurcated into cable-stay bridge, tied structural bridge, architectural bridge, and suspension bridge. Similarly, roof structures are sub-segmented as stadium & arena roofs and membrane & glass roofs.

    Based on the raw material type, the market is segmented into steel rope and synthetic rope. Steel ropes dominated the market in 2021, and are likely to grow at a higher rate during the forecast period. Steel ropes are stiffer and can withstand greater stress, which has led to their widespread usage in the industry. Synthetic rope has gained some popularity in structure applications in recent years, but it is expected to hold a minor share of the market during the forecast period.

    In terms of regions, North America is expected to remain the largest market for structure ropes during the forecast period. The USA leads the North American structure ropes market, owing to its massive infrastructure spending on both new construction and repair. Europe holds the second-leading position in the market and is expected to maintain its position over the forecast period. On account of rapid urbanization, expanding 5G infrastructure, and increasing investments in basic infrastructure requirements such as bridges and stadiums, Asia-Pacific is expected to witness the highest growth in the coming years.

    Key Players

    The following are some of the key players in the structure ropes market:

    • Bridon-Bekaert (The Ropes Group)
    • Fatzer AG (BRUGG Group)
    • Teufelberger-Redaelli
    • Usha Martin Limited
    • WireCo World Group

    Research Methodology

    This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s structure ropes market realities, and future market possibilities for the forecast period of 2022 to 2027. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for the market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a 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 books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both 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, New Product Launches, etc.
    • Attractive market segments and associated growth opportunities.
    • Emerging trends.
    • Strategic growth opportunities for the existing and new players.
    • Key success factors.

    The structure ropes market is segmented into the following categories:

    Structure Ropes Market, by Application Type

    • Bridges
    • Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World
    • Sub-Application Analysis: Cable Stay Bridge, Tied Arch Bridge, Architectural Footbridge, and Suspension Bridge
    • Roof Structures
    • Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World
    • Sub-Application Analysis: Stadium & Arena Roofs and Membrane & Glass Roofs
    • Stayed Masts and Towers
    • Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World
    • Sub-Application: Telecommunication Masts and Others
    • Specialized Structural Projects
    • Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World
    • Sub-Application Analysis: Ferris Wheel and Others

    Structure Ropes Market, by Raw Material Type

    • Steel Ropes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Synthetic Ropes (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Structure Ropes Market, by End-User Type

    • OE (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)
    • Aftermarket (Regional Analysis: North America, Europe, Asia-Pacific, and Rest of the World)

    Structure Ropes Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Italy, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Saudi Arabia, Brazil, and Others)

    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 three players)
    • SWOT analysis of key players (up to three players)

    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 the 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 to sales@Stratviewresearch.com

    Frequently Asked Questions (FAQs)

    The structure ropes market is estimated to grow at a healthy CAGR of 2.5% over the next five years to reach a value of US$ 0.4 billion in 2027. A surge in infrastructure spending across the globe, rapid urbanization, and the growing sports industry are the major factors driving the growth of the structure ropes market.

    Bridon-Bekaert (The Ropes Group), Fatzer AG (BRUGG Group), Teufelberger-Redaelli, Usha Martin Limited, and WireCo World Group are some of the key players in the market.

    Steel rope is estimated to be dominant in the structure ropes market in the coming years, owing to its higher stiffness and excellent load-bearing capacity.

    Asia-Pacific is estimated to grow at the fastest rate in the coming five years owing to high economic growth in the region's emerging economies, increasing infrastructure spending, and rapid urbanization.

    Bridges are likely to maintain their dominance in the market in the next five years, owing to massive investments in infrastructure around the world.