Steel Wire Rope Companies

The steel wire rope market is projected to grow from USD 10.49 billion in 2025 to USD 13.88 billion by 2030, at a CAGR of 5.8% during the forecast period. An important factor driving the steel wire rope market is the surge in global infrastructure development, particularly across Asia-Pacific and emerging economies, where large-scale urbanization, construction of bridges, highways, and public transit projects are accelerating demand for robust load-bearing materials like steel wire ropes. The increasing investments in renewable energy installations, such as offshore wind farms, and the ongoing modernization of mining and industrial sectors further boost demand, as steel wire ropes are essential for lifting, hoisting, and safety-critical operations in these applications. Growing technological advancements, such as improved galvanization, enhanced fatigue resistance, and the integration of smart monitoring systems, continue to enhance steel wire rope durability and operational efficiency, ensuring their indispensability for heavy-duty applications in diverse end-user industries.

Steel Wire Rope Companies

Some of the major manufacturers operating in the steel wire rope market are Bekaert (Belgium), WireCo (US), Kiswire Ltd. (South Korea), Usha Martin Limited (India), TEUFELBERGER (Austria), Loos & Co., Inc. (US), Pfeifer Group (Germany), Tokyo Rope Mfg. Co., Ltd. (Japan), Jiangsu Langshan Wire Rope Co., Ltd. (China), Bilco Group (US), SWR Ltd. (UK), Lexco Cable (US), Jiangyin Jiahua Ropes Co., Ltd. (China), Nantong Shenwei Steel Wire Rope Co., Ltd. (China), and Bharat Wire Ropes Ltd. (India).

In the past few years, many of the major players have been adopting various growth strategies to strengthen their position in the global steel wire rope market. These growth strategies include agreements, product launches, contracts, collaborations, mergers & acquisitions, partnerships, and research & development activities aimed at expanding their market presence in the steel wire rope market even further.

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Bekaert (Belgium)

Bekaert stands as the global leader in the steel wire ropes market. Leveraging Bekaert’s world-class expertise in advanced steel wire transformation and coating technologies, the company delivers a comprehensive portfolio of high-performance wire rope solutions. With a strong focus on R&D and innovation, the company continuously develops specialized steel wire ropes through its joint venture, Bridon-Bekaert The Ropes Group, to meet the demanding requirements of industries such as construction, mining, offshore, marine, and energy. The company operates manufacturing and service centers on six continents, ensuring global availability and localized support for its clients. Its commitment to quality, safety, and sustainable practices has solidified Bekaert’s reputation as a trusted partner for critical applications worldwide, further reinforcing its leading position in the evolving international steel wire rope market.

WireCo (US)

WireCo is the world’s largest independent manufacturer of steel wire rope, synthetic rope, specialty wire, and related engineered products, with 25 manufacturing sites across 11 countries. The company serves critical sectors such as industrial lifting, energy, mining, maritime, offshore, and fishing under a portfolio of globally recognized brands, including CASAR, Camesa, Lankhorst, Oliveira, and Euronete. Their steel wire ropes come in various configurations, including stainless steel, galvanized steel, and other alloys, and are available in multiple sizes and constructions to meet specific customer needs. These products serve diverse industries such as mining, construction, oil and gas, transportation, and marine, supporting critical applications like hoisting, lifting, towing, and rigging.

Kiswire Ltd. (South Korea)

Kiswire Ltd. is a global leader in specialty steel wire rope manufacturing, serving diverse industries such as automotive, construction, bridges, energy, electronics, and oil and natural resources. The company has a robust global footprint with production facilities and sales offices across Asia, Europe, and the Americas, exporting to over 80 countries. Kiswire produces a wide range of steel wire products, including wire ropes, spring wires, bead wires, tire reinforcement cords, prestressed concrete wires, and superconducting wires, emphasizing high strength, durability, and corrosion resistance. With an annual production capacity of 1.2 million tons, Kiswire integrates advanced R&D efforts to innovate and improve product performance. It has a significant presence in critical infrastructure projects such as bridges and nuclear fusion reactors, alongside automotive and renewable energy sectors.

STEEL WIRE ROPE MARKET: MARKET RANKING

The steel wire market is competitive, with the top five players accounting for around 28–32% of the total market share. This indicates the presence of many regional players operating in this emerging market. WireCo, a US-based company, leads the market through its extensive steel wire rope portfolio, advanced steel wire transformation, and coating technologies. Other prominent companies in the steel wire rope market include Bekaert and Kiswire Ltd. These companies have made significant progress in offering steel wire rope configurations and services for industries such as mining, construction, oil and gas, marine, and transportation. Companies such as Usha Martin Limited and TEUFELBERGER are expanding their steel wire rope portfolio by investing in advanced manufacturing technology and increasing capacity.

Related Reports:

Steel Wire Rope Market by Lay Type (Regular, Lang), Material Type (Carbon Steel, Galvanized Steel, Stainless Steel), Coating, Diameter, Application (Construction, Mining, Marine & Fishing, Industrial & Crane, Oil & Gas), and Region - Global Forecast to 2030