Steel Rope Market
Steel Rope Market Global Industry Assessment & Forecast
#
Pages:
145
2021
Nov - 2021
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
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
11.9 Billion |
 Revenue 2028:
|
17.5 Billion |
 Revenue CAGR
(2021 - 2028): |
8 |
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
Type Analysis: Preview On the basis of Type,
the market is segmented into Left Regular Lay, Left Lang Lay, Right Regular Lay. Left Regular Spray held the highest
share in the global Steel Rope market and
is projected to witness the same trend during the forecast period. Application Analysis:
Preview Based on Application,
the market is segmented into Oil and Gas, Fishing and Marine, Mining. Marine accounted
for the highest market share and is expected to grow at a significant CAGR from
2021 to 2028. Analysis:
Preview
Based
on , the market is segmented into .
dominates the global Steel Rope
market and is expected to continue the same trend from 2021 to 2028.
Global Steel Rope Market: Type Segment Analysis
-
- Left Regular Lay
- Left Lang Lay
- Right Regular Lay
Global Steel Rope Market: Application Segment Analysis
-
- Oil and Gas
- Fishing and Marine
- Mining
FAQ
Frequently Asked Question
What is the global demand for Steel Rope in terms of revenue?
-
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%.
Which are the prominent players in the market?
-
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..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 8% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
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.
Which region accounted for the largest share in the market?
-
Asia-Pacific was the leading regional segment of the Steel Rope in 2020.
