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Steel Rope Market

Steel Rope Market

Steel Rope Market Global Industry Assessment & Forecast

# Pages:


Base Year:


Nov - 2021


Report Code:


Segments Covered
  • By Type Left Regular Lay, Left Lang Lay, Right Regular Lay
  • By Application Oil and Gas, Fishing and Marine, Mining
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

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
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.