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Steel Rope Market

Steel Rope Market

Steel Rope Market Global Industry Assessment & Forecast

# Pages:

145

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0316

Segments Covered
  • By Type Left Regular Lay, Left Lang Lay, Right Regular Lay
  • By Application Oil and Gas, Fishing and Marine, Mining
Snapshot
Forecast YearsForecast Years: 2021 - 2028
Historical YearsHistorical Years: 2016 - 2020
Revenue 2021Revenue 2021: 11.9 Billion
Revenue 2028Revenue 2028: 17.5 Billion
Revenue CAGRRevenue CAGR (2021 - 2028): 8
Fastest Growing Region Fastest Growing Region (2022 - 2028) Asia-Pacific
Customization Offered
  • Cross-segment Market Size and Analysis for Mentioned Segments
  • Additional Company Profiles (Upto 5 With No Cost)
  • Additional Countries (Apart From Mentioned Countries)
  • Country/Region-specific Report
  • Go To Market Strategy
  • Region Specific Market Dynamics
  • Region Level Market Share
  • Import Export Analysis
  • Production Analysis
  • Others Request Customization Speak To Analyst
FAQ
Frequently Asked Question
  • The global Steel Rope valued at 11.9 Billion in 2020 and is expected to reach 17.5 Billion in 2028 growing at a CAGR of 8%.

  • The prominent players in the market are Tokyo Rope, Fasten Group, WireCo World Group, Jiangsu Langshan, Guizhou Wire Rope, Usha Martin, Bekaert, Kiswire, Xinri Hengli, Bridon..

  • The market is project to grow at a CAGR of 8% between 2021 and 2028.

  • The driving factors of the Steel Rope include

    • The maximum applicability in the marine & fishing and mining sectors is driving factor for Steel Rope Market.
    • Raw materials or plastic fibers, such as PE, PP, and nylon, used for manufacturing ropes are less in strength and less durable than steel which is another driving factor for Steel Rope Market.

  • Asia-Pacific was the leading regional segment of the Steel Rope in 2020.