Steel Wire Rope Market Size Expected to Reach $10640 Million by 2027

In 2020, the global Steel Wire Rope market size was US$ 8353.3 million and it is expected to reach US$ 10640 million by the end of 2027, with a CAGR of 3.2% during 2021-2027.

Steel wire rope is a piece of machinery which is widely used in construction, mining, oil & gas extraction and other areas. Usually a steel wire rope is composed of wires, strands and a core, which is made of fiber or steel. The purpose of the core is to provide support and maintain the position of the outer strands during operation. The wires are predominantly constructed from high-carbon steel and stainless steel. The wires are twisted to form strands and they designate the strength of the steel wire rope.

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Steel Wire Rope Market Segment Review

China is the largest market with about 34% market share. Europe is follower with about 29% market share.

The key players are WireCo World Group, Tokyo Rope, Kiswire, Usha Martin, Scaw Metal, DIEPA, Bridon, Shinko, DSR, Gustav Wolf, YoungHeung, PFEIFER, Teufelberger, Redaelli, Brugg, Jiangsu Shenwang, Jiangsu Safety, Juli Sling, Ansteel Wire Rope, Hubei Fuxing, Jiangsu Langshan, Guizhou Wire Rope, Fasten Group, Xianyang Bamco etc. The top 5 companies account for about 19% of revenue market share.

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Steel Wire Rope market is segmented by region, by country, company, type, application and by sales channels. Players, stakeholders, and other participants in the global Steel Wire Rope market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region, by country, company, type, application and by sales channels for the period 2016-2027.

Steel Wire Rope Market by Type

o Left Regular Lay
o Left Lang Lay
o Right Regular Lay
o Right Lang Lay
o Alternate Lay

Steel Wire Rope Market by Application

o Industrial & Crane
o Oil & Gas
o Mining
o Fishing & Marine
o Others

Major Players in the Steel Wire Rope Market

o WireCo World Group
o Tokyo Rope
o Kiswire
o Usha Martin
o Scaw Metal
o DIEPA
o Bridon
o Shinko
o DSR
o Gustav Wolf
o YoungHeung
o PFEIFER
o Teufelberger
o Redaelli
o Brugg
o Jiangsu Shenwang
o Jiangsu Safety
o Juli Sling
o Ansteel Wire Rope
o Hubei Fuxing
o Jiangsu Langshan
o Guizhou Wire Rope
o Fasten Group
o Xianyang Bamco

Similar Report :

Steel Wire Rope & Plastic Rope Market https://reports.valuates.com/market-reports/QYRE-Auto-17P5080/global-steel-wire-rope-plastic-rope-sales

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This release was published on openPR.