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Soaring Growth Predicted for Steel Wire Rope and Plastic Rope market with CAGR of 7.0% by 2025: Spotlight on Key Players, Drivers, and Trends
Steel Wire Rope And Plastic Rope Market
What Is The Projected Market Size OF The Global Steel Wire Rope And Plastic Rope Market And Its Growth Rate?
• The market size has witnessed a strong growth recently and is projected to grow from $14.1 billion in 2024 to $15.08 billion in 2025 at a compound annual growth rate (CAGR) of 7.0%.
• The growth in the immediate past can be credited to the rise in industrialization, infrastructure development, oil and gas exploration, mining industry expansion, shipping and maritime activities, and automotive manufacturing.
• The market size is expected to hit $19.3 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%.
What Is Driving The Growth In The Steel Wire Rope And Plastic Rope Global Market Report 2025?
The amplified activities in the fishing industry is a major factor driving the growth of the steel wire rope and plastic rope market. Steel wire ropes and plastic ropes are extensively used in the fishing industry for net making due to their high strength and durability. According to the Food and Agriculture Organization of the United Nations, in 2022, the global fish production witnessed a 1.2% growth as compared to 2018, totaling 184.1 million tonnes, and the aquaculture output rose by 2.6%. These figures underline the potential growth avenue for the steel wire rope and plastic rope market.
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Who Are the Key Players Driving Steel Wire Rope And Plastic Rope Global Market Report 2025 Growth?
• N.V. Bekaert S.A.
• Cortland Limited
• English Braids Ltd.
• Jiangsu Langshan Wire Rope Co. Ltd.
• Marlow Ropes Ltd.
• Samson Rope Technologies Inc.
• Southern Ropes Pty Ltd.
• Teufelberger Holding AG
• Usha Martin Ltd.
• Sandin Manufacturing Inc.
• Bergen Cable Technology Inc.
• Strand Products Inc.
• Guizhou Wire Rope Incorporated Company
• Ver Sales Inc.
• Dunamis Wire Ropes Mfg. LLP
• Bekaert SA
• WireCo WorldGroup Inc.
• Gustav Wolf
• Wire Rope Industries
• Bridon-Bekaert Ropes Group
• Tokyo Rope Mfg. Co. Ltd.
• Kiswire Ltd.
• Shinko Wire Company Ltd.
• DSR Corporation
• Alps Wire Rope Corporation
• Jiangsu Nantong Jianghai Steel Wire Rope Co. Ltd.
• Jiangsu Fasten Steel Cable Co. Ltd.
• Jiangsu Bright Industry Co. Ltd.
• Pfeifer Drako Drahtseilwerk GmbH
• Bharat Wire Ropes Limited
• Tianjin Metallurgical Cable Co. Ltd.
• Loos & Co. Inc.
What Are The Key Trends In The Steel Wire Rope And Plastic Rope Global Market Report 2025?
Key trends in the forecast period include:
• Material diversification
• Industry-specific demand
• Innovation in rope design
• Market expansion in developing regions
• Focus on safety and compliance.
What Are The Segments Of The Global Steel Wire Rope And Plastic Rope Global Market Report 2025?
The steel wire rope and plastic rope market is segmented by:
1) Type of Lay: Regular Lay, Lang Lay
2) Material Type: Polypropylene, Polyester, Nylon, HMPE (High Modulus Polyethylene), Specialty Fibers
3) Application: Marine and Fishing, Sports and Leisure, Oil and Gas, Industrial and Crane, Mining, Construction, Other Applications
Which Region Leads The Steel Wire Rope And Plastic Rope Global Market Report 2025?
Asia-Pacific was the largest region in the steel wire rope and plastic rope market in 2024 and is expected to be the fastest-growing region. The regions covered in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What Is Covered In The Steel Wire Rope And Plastic Rope Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Steel Wire Rope And Plastic Rope Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Steel Wire Rope And Plastic Rope Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Steel Wire Rope And Plastic Rope Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Steel Wire Rope And Plastic Rope Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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