[158 Pages Report] The steel wire rope & plastic rope market is projected to grow from USD 11.3 billion in 2019 to USD 14.5 billion by 2024, at a CAGR of 5.0% between 2019 and 2024. The steel wire rope & plastic rope industry is growing due to its increasing demand from marine & fishing, industrial & crane, and mining industries. Steel wire rope & plastic ropes are lightweight and have excellent strength, low specific gravity, superior modulus of elasticity, high corrosion resistance, and high moldability. These ropes offer excellent impact resistance, flexibility, high strength, abrasion resistance, and corrosion resistance due to which they are preferred in these industries.
The steel wire rope & plastic rope market is segmented based on applications as marine & fishing, sports & leisure, oil & gas, industrial & crane, mining, construction, and others. The industrial & crane sector accounted for the largest share, in terms of value, of the overall steel wire rope & plastic rope market in 2018. This is due to the large consumption of these ropes in this industry. These ropes have excellent impact resistance, flexibility, and high strength due to which they are preferred in industrial & crane sector.
The plastic rope market is segmented into plastic fibers such as polypropylene, nylon, polyester, HMPE, and others. Polypropylene ropes accounted for the largest market share. Polypropylene is used on a large scale in manufacturing ropes for marine & fishing industry due to its high strength properties. Polypropylene is reasonably economical as compared to HMPE or polyester.
The global steel wire rope market is segmented based on the type of lay. The global market is dominated by the regular lay segment, in terms of both value and volume. These ropes are less subject to failure from crushing and distortion because of the shorter length of exposed outer wires. These ropes also spool better in a drum than lang lay ropes. Owing to these properties, this type of rope is preferred more in various applications.
APAC accounted for the largest share in the global steel wire rope & plastic rope market. This is attributed to the increase in demand for steel wire rope & plastic ropes from marine & fishing, construction, mining, and other industries. APAC is one of the key markets for steel wire ropes with considerable scope for growth in construction, fishing, and mining sectors. The offshore mooring industry in Australia, Malaysia, and China is expected to drive the steel wire rope & plastic ropes market growth during the forecast period. China is the largest steel wire rope & plastic rope market in APAC. China is the second-largest economy in the world and is growing rapidly. The country has taken initiatives to boost various industrial sectors, including electronics, transportation, and industrial products. The growing industrial activities have resulted in an increasing demand for steel wire rope & plastic rope in the country.
The steel wire rope & plastic rope market comprises major solution providers, such as Teijin Limited (Japan), Formosa Plastics Corporation (Taiwan), Solvay (Belgium), Toray Industries Inc. (Japan), SGL Group (Germany), Hexcel Corporation (US), Mitsubishi Rayon Co. Ltd. (Japan), Jiangsu Hengshen Co. Ltd. (China), Hyosung (South Korea), and DowAksa (Turkey). The study includes an in-depth competitive analysis of these key players in the steel wire rope & plastic rope market, with their company profiles, recent developments, and key market strategies.
WireCo WorldGroup is one of the leading manufacturers of steel wire & plastic ropes, fabricated products, specialty steel wires, synthetic yarns, and electromechanical cables. The company has three business segments-ropes, specialty wires, and engineered products. It provides its product and services to 6,000 customers across varied industries, including oil & gas sector, mining sector, construction, and specialty lifting & suspension applications areas. The company markets its rope products under various brands, such as Union, MacWhyte, Casar, Camesa, Oliveira, Wireline Works, Phillystran, Lankhorst Ropes and Yarns, Drumet, and US Reel. It is involved in implementing business strategies such as new product launch, acquisitions, and agreement to increase its market share around the globe. For instance, in June 2019, WireCo entered into an agreement to supply the replacement hangers for the George Washington Bridge. The company will be supplying its patented High-Temperature Socketing material.
Report Metric |
Details |
Years considered for the study |
20192024 |
Base year |
2018 |
Forecast period |
20192024 |
Units considered |
Value (USD Million), Volume (Kiloton) |
Segments |
Type of lay, material type, application, and region |
Regions |
Europe, North America, APAC, MEA, and Latin America |
Companies |
WireCo WorldGroup Inc. (US), Bekaert SA (Belgium), Tuefelberger Holding AG (Austria), Cortland Limited (US), DSR (South Korea), Samson Rope (US), Usha Martin (India), Samson Ropes Technologies Inc. (US), Jiangsu Langshan (China), and Marlow Ropes Ltd. (UK) |
This research report categorizes the steel wire rope & plastic rope market based on the type of lay, material type, application, and region.
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Table of Contents
1 Introduction (Page No. - 17)
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.3.1 Steel Wire Ropes & Plastic Ropes Market Segmentation
1.3.2 Regions Covered
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Unit Considered
1.6 Stakeholders
1.7 Limitations
2 Research Methodology (Page No. - 20)
2.1 Research Data
2.2 Secondary Data
2.2.1.1 Key Data From Secondary Sources
2.2.2 Primary Data
2.2.2.1 Key Data From Primary Sources
2.2.2.2 Key Industry Insights
2.2.2.3 Breakdown of Primary Interviews
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Data Triangulation
2.5 Assumptions
3 Executive Summary (Page No. - 27)
4 Premium Insights (Page No. - 31)
4.1 Attractive Opportunities in the Steel Wire Ropes & Plastic Ropes Market
4.2 Steel Wire Ropes Market, By Type of Lay
4.3 Plastic Ropes Market, By Material Type
4.4 Steel Wire Ropes & Plastic Ropes Market, By Region and Application
4.5 Global Plastic Ropes Market, By Country
5 Market Overview (Page No. - 34)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 High Strength and Low Weight of Plastic Ropes
5.2.1.2 Safety Aspects of Plastic Ropes
5.2.1.3 Infrastructural Development, Increased Industrial Activity, and Growth in the Mining Industry
5.2.2 Restraints
5.2.2.1 High Cost of Raw Materials and Frequent Preventive Maintenance of Plastic Ropes
5.2.3 Opportunities
5.2.3.1 Plastic Ropes as A Better Alternative to Steel Wire Ropes
5.2.3.2 Growing Fishing and Mining Sectors in APAC
5.2.4 Challenges
5.2.4.1 Lack of Awareness About the Advantages of the Use of Plastic Ropes
5.2.4.2 Corrosion of Steel Wire Ropes
5.3 Porters Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
6 Steel Wire Ropes & Plastic Ropes Market, By Type (Page No. - 40)
6.1 Introduction
6.2 Steel Wire Ropes Market, By Type of Lay
6.2.1 Introduction
6.2.2 Regular Lay
6.2.2.1 Regular Lay Ropes are Used in A Wide Range of Applications, Starting From Industrial to Fishing & Marine
6.2.3 Lang Lay
6.2.3.1 Lang Lay Ropes Have Higher Flexibility and Abrasion Resistance Than Regular Lay Ropes
6.3 Plastic Ropes Market, By Material Type
6.3.1 Introduction
6.3.2 Polypropylene
6.3.2.1 Polypropylene Ropes, Slightly Thicker Than Polyester and Nylon Ones, Have Good Chemical Resistance
6.3.3 Polyester
6.3.3.1 Polyester Ropes, Unlike Nylon Ropes, Retain their Strength When Exposed to Moisture
6.3.4 Nylon
6.3.4.1 Nylon Ropes are Widely Used as Towing Lines as they Have Good Elastic Properties
6.3.5 HMPE
6.3.5.1 HMPE Ropes are Suitable for Use in Marine & Fishing Application as they Float in Water
6.3.6 Specialty Fibers
6.3.6.1 Specialty Fiber Ropes are Finding Application in Various End-Use Industries
7 Steel Wire Ropes & Plastic Ropes Market, By Application (Page No. - 53)
7.1 Introduction
7.2 Steel Wire Ropes Market, By Application
7.2.1 Introduction
7.2.2 Industrial & Crane
7.2.2.1 Steel Wire Ropes are Used in the Industrial & Crane Application as they Provide Resistance to Rotation, Abrasion, and Corrosion
7.2.3 Mining
7.2.3.1 Steel Wire Ropes are Used in This Application Due to their High Tensile Strength and Breaking Load
7.2.4 Oil & Gas
7.2.4.1 High Strength Steel Wire Ropes are Used for Oil & Gas Applications to Comply With the Safety Standards
7.2.5 Construction
7.2.5.1 The Growth in Construction Activities in APAC is Increasing the Demand for Steel Wire Ropes in This Application
7.2.6 Marine & Fishing
7.2.6.1 Steel Wire Ropes Ensure High Breaking Strength in Marine & Fishing Applications
7.2.7 Others
7.3 Plastic Ropes Market, By Application
7.3.1 Introduction
7.3.2 Marine & Fishing
7.3.2.1 Low Weight, High Strength, and Abrasion Resistance Properties of Plastic Ropes are Helpful in Marine & Fishing Applications
7.3.3 Oil & Gas
7.3.3.1 Polyester and HMPE Ropes are Used Widely in Oil & Gas Applications
7.3.4 Sports & Leisure
7.3.4.1 Fitness Ropes, Parachute Cords, and Camping Ropes are Among the Different Types of Plastic Ropes Used in the Sports & Leisure Application
7.3.5 Crane
7.3.5.1 Plastic Ropes are Able to Withstand Extreme Environmental Conditions, Which is Why they are Used in Crane Applications
7.3.6 Others
8 Steel Wire Ropes & Plastic Ropes Market, By Region (Page No. - 72)
8.1 Introduction
8.2 APAC: Steel Wire Ropes Market
8.2.1 China
8.2.1.1 Increase in Urban Population is Expected to Influence the Market Indirectly
8.2.2 Japan
8.2.2.1 Investment in the Transportation Sector is Likely to Propel the Demand for Steel Wire Ropes
8.2.3 South Korea
8.2.3.1 Government Efforts to Boost the Manufacturing Sector is A Major Driver for the Market During the Forecast Period
8.2.4 India
8.2.4.1 Improved Infrastructure and Increased Manufacturing Activities are Influencing the Market Positively
8.2.5 Rest of APAC
8.3 APAC: Plastic Ropes Market
8.3.1 China
8.3.1.1 New Offshore Oil & Gas Discoveries are Likely to Help the Market Grow in the Near Future
8.3.2 Japan
8.3.2.1 as an Important Part of the Countrys Economy, the Marine & Fishing Sector is Impacting the Market Positively
8.3.3 South Korea
8.3.3.1 The Construction Sector Generates High Demand for Plastic Ropes in the Country
8.3.4 India
8.3.4.1 Growth in Aquaculture is Promising for the Plastic Ropes Market in the Country
8.3.5 Rest of APAC
8.4 North America: Steel Wire Ropes Market
8.4.1 US
8.4.1.1 The Presence of A Prominent Oil & Gas Industry is A Major Driver for the Market
8.4.2 Canada
8.4.2.1 The Consumption of Steel Wire Ropes in the Country is High Due to Large-Scale Mining Activities
8.5 North America: Plastic Ropes Market
8.5.1 US
8.5.1.1 Fishing, Crane, and Construction are the Applications That are Expected to Drive the Market in the Country
8.5.2 Canada
8.5.2.1 Collaboration Between Government and the Marine Sector Associations has Led to the Growth of the Marine Sector in the Country, thereby Driving the Market
8.6 Europe: Steel Wire Ropes Market
8.6.1 Germany
8.6.1.1 The Presence of Well-Known Crane and Elevator Brands is Supporting Market Development in the Country
8.6.2 France
8.6.2.1 The Market for Steel Wire Ropes is Likely to Be Driven By the Demand for Superyachts
8.6.3 UK
8.6.3.1 Large Base of Construction and Oil & Gas Industries is Fueling the Market in the UK
8.6.4 Italy
8.6.4.1 Growth of Oil & Gas and Mining Sectors are Expected to Boost the Market
8.6.5 Spain
8.6.5.1 High Consumption of Gasoline is Affecting the Steel Wire Ropes Market Positively in the Country
8.6.6 Rest of Europe
8.7 Europe: Plastic Ropes Market
8.7.1 Germany
8.7.1.1 Germany is the Most Significant Market for Plastic Ropes in the Region Due to the Presence of Major Market Players in the Country
8.7.2 UK
8.7.2.1 Strict Regulations in the Countrys Oil & Gas Sector are Contributing to the Demand for Plastic Ropes
8.7.3 Norway
8.7.3.1 as the Most Diversified Maritime Country in the Region, Norway is A Promising Market for Plastic Ropes in the Marine Segment
8.7.4 Italy
8.7.4.1 With Increased Consumer Awareness, the Use of Plastic Ropes is Gaining Momentum in the Country
8.7.5 Rest of Europe
8.8 Middle East & Africa (MEA): Steel Wire Ropes Market
8.8.1 Uae
8.8.1.1 The Country Offers A Favorable Business Environment, Which is Supporting the Steel Wire Ropes Market
8.8.2 South Africa
8.8.2.1 as A Diversified Economy, South Africa Offers Lucrative Opportunities for the Market
8.8.3 Saudi Arabia
8.8.3.1 Saudi Arabia is the Largest Exporter of Petroleum, Which Creates Huge Growth Potential for the Steel Wire Ropes Market
8.8.4 Rest of MEA
8.9 Middle East & Africa (MEA): Plastic Ropes Market
8.9.1 Uae
8.9.1.1 Plastic Ropes are Widely Used in Oil & Gas Applications in the Country
8.9.2 South Africa
8.9.2.1 The Growing Economy of South Africa is Helping in the Growth of the Market
8.9.3 Saudi Arabia
8.9.3.1 The Presence of Oil and Petroleum Reserves is Boosting the Market
8.9.4 Rest of MEA
8.1 Latin America: Steel Wire Ropes Market
8.10.1 Brazil
8.10.1.1 The Healthy Economic Growth of the Country is Promising for the Steel Wire Ropes Market
8.10.2 Mexico
8.10.2.1 The Use of Steel Wire Ropes is Extensive in the Offshore Oil & Gas Facilities in the Gulf of Mexico
8.10.3 Rest of Latin America
8.11 Latin America: Plastic Ropes Market
8.11.1 Brazil
8.11.1.1 The Countrys Mining Sector Provides Growth Opportunities for the Plastic Ropes Market
8.11.2 Mexico
8.11.2.1 Apart From Oil & Gas, the Marine Sector Also Contributes to the Growth of the Market
8.11.3 Rest of Latin America
9 Competitive Landscape (Page No. - 103)
9.1 Overview
9.2 Competitive Leadership Mapping
9.2.1 Dynamic Differentiators
9.2.2 Innovators
9.2.3 Visionary Leaders
9.2.4 Emerging Companies
9.3 Competitive Benchmarking
9.3.1 Strength of Product Portfolio
9.3.2 Business Strategy Excellence
9.4 Market Ranking of Key Players, 2018
9.5 Competitive Situation & Trends
9.5.1 New Product Development
9.5.2 Expansion
9.5.3 Merger & Acquisition
9.5.4 Agreement & Partnership
10 Company Profiles (Page No. - 114)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View)*
10.1 Cortland Limited
10.2 Wireco Worldgroup Inc.
10.3 Samson Rope Technologies, Inc.
10.4 Southern Ropes
10.5 English Braids Ltd.
10.6 Marlow Ropes Ltd.
10.7 Teufelberger Holding AG
10.8 Bekaert SA
10.9 Jiangsu Langshan
10.10 Usha Martin
10.11 Other Players
10.11.1 Yale Cordage Inc.
10.11.2 Lanex A.S.
10.11.3 Novatec Braids, Ltd.
10.11.4 Bexco Nv SA
10.11.5 Katradis Marine Ropes Ind. S.A.
10.11.6 DSR
10.11.7 Kiswire
10.11.8 Tokyo Rope
10.11.9 Gustav Wolf
10.11.10 Pfeifer
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 152)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Available Customizations
11.4 Related Reports
11.5 Author Details
List of Tables (89 Tables)
Table 1 Steel Wire Ropes & Plastic Ropes Market Size, 20172024
Table 2 Steel Wire Ropes Market Size, By Type of Lay, 20172024 (USD Million)
Table 3 Steel Wire Ropes Market Size, By Type of Lay, 20172024 (Kiloton)
Table 4 Regular Lay Steel Wire Ropes Market Size, By Region, 20172024 (USD Million)
Table 5 Regular Lay Steel Wire Ropes Market Size, By Region, 20172024 (Kiloton)
Table 6 Lang Lay Steel Wire Ropes Market Size, By Region, 20172024 (USD Million)
Table 7 Lang Lay Steel Wire Ropes Market Size, By Region, 20172024 (Kiloton)
Table 8 Plastic Ropes Market Size, By Material Type, 20172024 (USD Million)
Table 9 Plastic Ropes Market Size, By Material Type, 20172024 (Kiloton)
Table 10 Polypropylene Ropes Market Size, By Region, 20172024 (USD Million)
Table 11 Polypropylene Ropes Market Size, By Region, 20172024 (Kiloton)
Table 12 Polyester Ropes Market Size, By Region, 20172024 (USD Million)
Table 13 Polyester Ropes Market Size, By Region, 20172024 (Kiloton)
Table 14 Nylon Ropes Market Size, By Region, 20172024 (USD Million)
Table 15 Nylon Ropes Market Size, By Region, 20172024 (Kiloton)
Table 16 HMPE Ropes Market Size, By Region, 20172024 (USD Million)
Table 17 HMPE Ropes Market Size, By Region, 20172024 (Kiloton)
Table 18 Specialty Fiber Ropes Market Size, By Region, 20172024 (USD Million)
Table 19 Specialty Fiber Ropes Market Size, By Region, 20172024 (Kiloton)
Table 20 Steel Wire Ropes & Plastic Ropes Market Size, By Application, 20172024 (USD Million)
Table 21 Steel Wire Ropes & Plastic Ropes Market Size, By Application, 20172024 (Kiloton)
Table 22 Steel Wire Ropes Market Size, By Application, 20172024 (USD Million)
Table 23 Steel Wire Ropes Market Size, By Application, 20172024 (Kiloton)
Table 24 Steel Wire Ropes Market Size in Industrial & Crane Application, By Region, 20172024 (USD Million)
Table 25 Steel Wire Ropes Market Size in Industrial & Crane Application, By Region, 20172024 (Kiloton)
Table 26 Steel Wire Ropes Market Size in Mining Application, By Region, 20172024 (USD Million)
Table 27 Steel Rope Market Size in Mining Application, By Region, 20172024 (Kiloton)
Table 28 Steel Wire Ropes Market Size in Oil & Gas Application, By Region, 20172024 (USD Million)
Table 29 Steel Rope Market Size in Oil & Gas Application, By Region, 20172024 (Kiloton)
Table 30 Steel Wire Ropes Market Size in Construction Application, By Region, 20172024 (USD Million)
Table 31 Steel Rope Market Size in Construction Application, By Region, 20172024 (Kiloton)
Table 32 Steel Wire Ropes Market Size in Marine & Fishing Application, By Region, 20172024 (USD Million)
Table 33 Steel Wire Ropes Market Size in Marine & Fishing Application, By Region, 20172024 (Kiloton)
Table 34 Steel Wire Ropes Market Size in Other Applications, By Region, 20172024 (USD Million)
Table 35 Steel Rope Market Size in Other Applications, By Region, 20172024 (Kiloton)
Table 36 Plastic Ropes Market Size, By Application, 20172024 (USD Million)
Table 37 Plastic Ropes Market Size, By Application, 20172024 (Kiloton)
Table 38 Plastic Ropes Market Size in Marine & Fishing Application, By Region, 20172024 (USD Million)
Table 39 Plastic Ropes Market Size in Marine & Fishing Application, By Region, 20172024 (Kiloton)
Table 40 Plastic Ropes Market Size in Oil & Gas Application, By Region, 20172024 (USD Million)
Table 41 Plastic Ropes Market Size in Oil & Gas Application, By Region, 20172024 (Kiloton)
Table 42 Plastic Ropes Market Size in Sports & Leisure Application, By Region, 20172024 (USD Million)
Table 43 Plastic Ropes Market Size in Sports & Leisure Application, By Region, 20172024 (Kiloton)
Table 44 Plastic Ropes Market Size in Crane Application, By Region, 20172024 (USD Million)
Table 45 Plastic Ropes Market Size in Crane Application, By Region, 20172024 (Kiloton)
Table 46 Plastic Ropes Market Size in Other Applications, By Region, 20172024 (USD Million)
Table 47 Plastic Ropes Market Size in Other Applications, By Region, 20172024 (Kiloton)
Table 48 Steel Wire Ropes & Plastic Ropes Market Size, By Region, 20172024 (Kiloton)
Table 49 Steel Wire Ropes & Plastic Ropes Market Size, By Region, 20172024 (USD Million)
Table 50 APAC: Steel Rope Market Size, By Country, 20172024 (USD Million)
Table 51 APAC: Steel Rope Market Size, By Country, 20172024 (Kiloton)
Table 52 APAC: Steel Rope Market Size, By Application, 20172024 (USD Million)
Table 53 APAC: Steel Rope Market Size, By Application, 20172024 (Kiloton)
Table 54 APAC: Wire Rope Market Size, By Country, 2017-2024 (USD Million)
Table 55 APAC: Wire Rope Market Size, By Country, 2017-2024 (Kiloton)
Table 56 APAC: Wire Rope Market Size, By Application, 2017-2024 (USD Million)
Table 57 APAC: Wire Rope Market Size, By Application, 2017-2024 (Kiloton)
Table 58 North America: Steel Rope Market Size, By Country, 20172024 (Kiloton)
Table 59 North America: Steel Rope Market Size, By Country, 20172024 (USD Million)
Table 60 North America: Steel Rope Market Size, By Application, 20172024 (USD Million)
Table 61 North America: Steel Rope Market Size, By Application, 20172024 (Kiloton)
Table 62 North America: Wire Rope Market Size, By Country, 20172024 (USD Million)
Table 63 North America: Wire Rope Market Size, By Country, 20172024 (Kiloton)
Table 64 North America: Wire Rope Market Size, By Application, 20172024 (USD Million)
Table 65 North America: Wire Rope Market Size, By Application, 20172024 (Kiloton)
Table 66 Europe: Wire Rope Market Size, By Country, 20172024 (USD Million)
Table 67 Europe: Wire Rope Market Size, By Country, 20172024 (Kiloton)
Table 68 Europe: Wire Rope Market Size, By Application,20172024 (USD Million)
Table 69 Europe: Wire Rope Market Size, By Application, 20172024 (Kiloton)
Table 70 Europe: Wire Rope Market Size, By Country, 20172024 (USD Million)
Table 71 Europe: Wire Rope Market Size, By Country, 20172024 (Kiloton)
Table 72 Europe: Wire Rope Market Size, By Application, 20172024 (USD Million)
Table 73 Europe: Wire Rope Market Size, By Application, 20172024 (Kiloton)
Table 74 MEA: Wire Rope Market Size, By Country, 20172024 (USD Million)
Table 75 MEA: Wire Rope Market Size, By Country, 20172024 (Kiloton)
Table 76 MEA: Steel Rope Market Size, By Application, 20172024 (USD Million)
Table 77 MEA: Steel Rope Market Size, By Application, 20172024 (Kiloton)
Table 78 MEA: Steel Rope Market Size, By Country, 20172024 (USD Million)
Table 79 MEA: Steel Rope Market Size, By Country, 20172024 (Kiloton)
Table 80 MEA: Steel Rope Market Size, By Application, 20172024 (USD Million)
Table 81 MEA: Steel Rope Market Size, By Application, 20172024 (Kiloton)
Table 82 Latin America: Steel Rope Market Size, By Country, 20172024 (USD Million)
Table 83 Latin America: Steel Rope Market Size, By Country, 20172024 (Kiloton)
Table 84 Latin America: Steel Rope Market Size, By Application, 20172024 (USD Million)
Table 85 Latin America: Steel Rope Market Size, By Application, 20172024 (Kiloton)
Table 86 Latin America: Wire Rope Market Size, By Country, 20172024 (USD Million)
Table 87 Latin America: Wire Rope Market Size, By Country, 20172024 (Kiloton)
Table 88 Latin America: Wire Rope Market Size, By Application, 20172024 (USD Million)
Table 89 Latin America: Wire Rope Market Size, By Application, 20172024 (Kiloton)
List of Figures (42 Figures)
Figure 1 Steel Wire Ropes & Plastic Ropes Market: Research Design
Figure 2 Market Size Estimation: Bottom-Up Approach
Figure 3 Market Size Estimation: Top-Down Approach
Figure 4 Steel Wire Ropes & Plastic Ropes Market: Data Triangulation
Figure 5 Regular Lay Segment Dominated the Steel Wire Ropes Market in 2018
Figure 6 Polypropylene Segment Led the Plastic Ropes Market in 2018
Figure 7 Industrial & Crane Application Led the Overall Steel Wire Ropes & Plastic Ropes Market
Figure 8 US to Be the Largest Market for Plastic Ropes
Figure 9 APAC to Be the Largest and Fastest-Growing Steel Wire Ropes & Plastic Ropes Market
Figure 10 High Demand From Marine & Fishing, Mining, and Industrial & Crane Applications to Drive the Market
Figure 11 Regular Lay to Dominate the Overall Steel Wire Ropes Market
Figure 12 Specialty Fibers to Be the Fastest-Growing Material of Plastic Ropes
Figure 13 APAC and Industrial & Crane Segment Accounted for the Largest Shares of the Overall Market
Figure 14 India to Register the Highest CAGR in Plastic Ropes Market
Figure 15 Drivers, Restraints, Opportunities, and Challenges in the Steel Wire Ropes & Plastic Ropes Market
Figure 16 Porters Five Forces Analysis of Steel Wire Ropes & Plastic Ropes Market
Figure 17 Regular Lay Segment to Dominate the Market for Steel Wire Ropes
Figure 18 APAC to Be the Largest Market for Steel Wire Ropes in Regular Lay Segment
Figure 19 Polypropylene Segment Led the Plastic Ropes Market
Figure 20 North America to Be the Largest Market for Polypropylene Ropes
Figure 21 North America to Be the Leading Market for Polyester Ropes
Figure 22 North America to Be the Largest Nylon Ropes Market
Figure 23 Industrial & Crane to Be the Largest Segment of the Market
Figure 24 Steel Wire Ropes Market to Register the Highest Growth in the Industrial & Crane Application
Figure 25 APAC to Drive the Steel Wire Ropes Market in the Industrial & Crane Application
Figure 26 APAC to Dominate the Steel Wire Ropes Market in Mining Application
Figure 27 Marine & Fishing to Be the Largest Application of Plastic Ropes
Figure 28 North America to Drive the Plastic Ropes Market in Marine & Fishing Application
Figure 29 North America to Lead the Plastic Ropes Market in the Sports & Leisure Application
Figure 30 Hoist Plastic Ropes are the Most Preferred Type in the Mining Segment
Figure 31 APAC: Steel Wire Ropes Market Snapshot
Figure 32 North America: Steel Wire Ropes Market Snapshot
Figure 33 Europe: Steel Wire Ropes Market Snapshot
Figure 34 Companies Adopted Expansion and New Product Development as the Key Growth Strategies Between 2014 and 2019
Figure 35 Steel Wire Ropes & Plastic Ropes Market: Competitive Leadership Mapping, 2018
Figure 36 Cortland Limited: SWOT Analysis
Figure 37 Wireco Worldgroup: SWOT Analysis
Figure 38 Samson Rope Technologies: SWOT Analysis
Figure 39 English Braids: SWOT Analysis
Figure 40 Bekaert SA: Company Snapshot
Figure 41 Bekaert SA: SWOT Analysis
Figure 42 Usha Martin: Company Snapshot
The study involved four major activities in estimating the current size for steel wire rope & plastic rope market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both the top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation procedures were used to estimate the size of market segments and sub-segments.
In the secondary research process, various secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva were referred to, to identify and collect information for this study. These secondary sources included annual reports, press releases & investor presentations of companies, white papers, certified publications, articles by recognized authors, gold standard & silver standard websites, regulatory bodies, trade directories, and databases.
The steel wire rope & plastic rope market comprises several stakeholders such as raw material suppliers, processors, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of various industries such as marine & fishing, sports & leisure, oil & gas, industrial & crane, mining, construction, and other industries. Advancements in technology and diverse applications characterize the supply side. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Following is the breakdown of primary respondents:
To know about the assumptions considered for the study, download the pdf brochure
Both the top-down and bottom-up approaches were used to estimate and validate the total steel wire rope & plastic rope market. These methods were also used extensively to estimate the size of various sub-segments in the market. The research methodology used to estimate the market size included the following:
After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and sub-segments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the marine & fishing, sports & leisure, oil & gas, industrial & crane, mining, construction, and other industries.
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