A steel wire rope is a preferred lifting device for many reasons. It is used to support suspension bridges or towers and lift and lower elevators. The selection of steel wire ropes for end-use applications depends upon the load-bearing capacity and the lifespan. Spiral strand steel wire ropes are more advantageous and can be attributed to the former's high resistance to wear, enhanced crushing resistance, and high strength. Hence, steel wire ropes are preferred over fiber wire ropes for heavy load applications. A large number of end-users prefer high carbon steel wire ropes for various applications.
MARKET DYNAMICS
The steel wire rope market has witnessed significant growth due to rising demand for the material industry. Moreover, the growing number of projects related to oil exploration, coal mining and drilling for other ores and minerals provide a huge market opportunity for the key players operating in the steel wire rope market. However, wet weather condition is projected to hamper the overall growth of the steel wire rope market.
MARKET SCOPE
The "Global Steel Wire Rope Market Analysis to 2028? is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the steel wire rope market with detailed market segmentation type, coating type, application, and geography. The global steel wire rope market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading steel wire rope market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global steel wire rope market is segmented on the basis of type, coating type and application. On the basis of type, the global steel wire rope market is divided into spiral strand and round strand. On the basis of coating type, the market is divided into zinc, aluminum alloy, stainless steel, PVC and others. On the basis of application, the global steel wire rope market is divided into oil and gas, heavy machinery (cranes etc.), mining, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global steel wire rope market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The steel wire rope market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the steel wire rope market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the steel wire rope market in these regions.
MARKET PLAYERS
The reports cover key developments in the steel wire rope market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from steel wire rope market is anticipated to lucrative growth opportunities in the future with the rising demand for steel wire rope in the global market. Below mentioned is the list of few companies engaged in the steel wire rope market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the steel wire rope market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Anchor Industries
- Bharat Wire Ropes Limited.
- Certex Svenska AB
- Chung Woo Rope Co. Ltd
- DaeChang Steel
- Fasten Group
- Gustav Wolf GmbH
- Hendrik Veder
- Kiswire Inc.
- Shinko Wire Company, Ltd.
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