Industrial Wire Rope Market Poised to Hit $9.5 Billion by 2031, Driven by Steady 2.1% CAGR

LOS ANGELES, United States: QY Research has published a recent market research study, The report named, "Industrial Wire Rope - Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" The report is a compilation of several exhaustive research studies on the global Industrial Wire Rope market conducted by experienced analysts. It offers detailed analysis of market dynamics, including drivers, restraints, and trends and opportunities, for players to identify key growth pockets and cement a competitive position in the global Industrial Wire Rope market. Our analysts have provided qualitative and quantitative analysis to give a complete and thorough view of the global Industrial Wire Rope market and its critical aspects. The research study offers comprehensive competitive landscape analysis that allows players to become familiar with leading business strategies and tactics adopted in the global Industrial Wire Rope market.

The global market for Industrial Wire Rope was estimated to be worth US$ 7323 million in 2024 and is forecast to a readjusted size of US$ 9549 million by 2031 with a CAGR of 2.1% during the forecast period 2025-2031.

Get PDF Sample Copy of Report: (Including Full TOC, List of Tables & Figures, Chart) https://www.qyresearch.com/sample/4698578

From the perspective of product type, cross-twist steel wire rope occupies an absolute dominant position, and it is expected that the sales share will reach 76.63% in 2031. Its technical advantages lie in high fatigue resistance and stability, and it is widely used in high-intensity scenarios such as lifting and mining. With the improvement of industrial automation and safety standards, the market demand for high-performance steel wire ropes continues to grow, forcing companies to increase R&D investment. For example, core manufacturers such as Bridon-Bekaert and Kiswire have improved product durability by optimizing twisting processes and coating technologies, consolidating their share in the high-end market.At the regional level, the global consumer market presents a "one super and many strong" pattern: China ranks first with a sales share of 38.06%, mainly benefiting from infrastructure expansion and manufacturing upgrades. In contrast, India has become a growth pole with a CAGR of 5.18% (2025-2031), driven by the accelerated industrialization process and the cost advantages of the local supply chain. As traditional markets (accounting for 42.98% in total), Europe and North America have saturated demand, and growth depends on the renewal of stock equipment and green energy projects (such as offshore wind power).

From the production side, China dominates the global supply with a production share of 69.56%, followed by Europe (10.06%). The scale effect and low-cost raw materials (such as domestic steel overcapacity) of Chinese companies form core competitiveness, but the rising environmental protection costs under the "dual carbon" policy may compress profit margins. In the future, India, Southeast Asia and other places are expected to have a production share of 7.37% in 2031 by relying on labor cost advantages and policy support, diverting some low-end and mid-end orders. In addition, raw material price fluctuations have become a key risk. The main raw material for steel wire rope is high-carbon steel, and its price is significantly affected by iron ore, energy costs and geopolitics (such as the conflict between Russia and Ukraine). In 2023, the global steel price volatility will be as high as 15%, forcing manufacturers to lock in costs through long-term agreements or turn to regional procurement strategies.

At the application level, lifting equipment accounts for 45.15% of the market share, and its growth (CAGR 2.86%) is directly related to global port expansion and new energy infrastructure.

From the perspective of the competitive landscape, in 2024, the world's first-tier manufacturers mainly include Kiswire, Bridon-Bekaert and WireCo World Group, and the first-tier manufacturers account for about 18.12% of the market share; the second-tier manufacturers include Usha Martin, Jiangsu Langshan wire rope, Teufelberger and Guizhou Steel rope Group, etc., with a total share of 22.52%. The leading manufacturers in the Chinese market include Jiangsu Langshan Wire Rope, Guizhou Wire Rope, Jiangsu Juli Wire Rope, SAFETY, Xianyang BOMCO and JULI SLING. At present, in the Chinese market, international manufacturers led by Brugg and Bridon-Bekaert have laid out their presence in China early and built factories. With their strong R&D capabilities, they have occupied a part of the mid-to-high-end market. Other international manufacturers such as Teufelberger and WireCo World have not built factories in China, but sell imported products in China by setting up sales branches or agents.

However, in the high-end market, Chinese manufacturers are conquering related technologies. China's steel wire rope imports have declined year by year since 2021. Chinese manufacturers are also gradually replacing foreign manufacturers in the mid-to-high-end market. The import volume in 2024 is about 46,000 tons. Unlike the Chinese market, in other countries such as South Korea, Japan, and India, leading companies occupy a large market share. For example, in the Korean market, Kiswire occupies about 50% of the market share; in the Japanese market, Tokyo Rope occupies about 40% of the market share; in the Indian market, Usha Martin occupies about 60% of the market share. It is worth noting that the Japanese market is significantly affected by exchange rate fluctuations, with a revenue CAGR of -3.07% from 2020 to 2024.

The growth logic of the future steel wire rope market has shifted from "scale expansion" to "value enhancement". Technological innovation capabilities, regional supply chain resilience and ESG compliance will become the core variables for corporate differentiation. Under multiple challenges, manufacturers with technological foresight, global layout and risk management capabilities will lead a new round of industry reshuffles, while companies that rely on low-cost expansion may face severe survival pressure.

Details of Industrial Wire Rope Market Segmentation: -

Segment by Type:

Regular Lay
Lang Lay

Segment by Application:

Industrial & Crane
Oil & Gas
Mining
Other

The competitive landscape of the global Industrial Wire Rope market is broadly studied in the report with large focus on recent developments, future plans of top players, and key growth strategies adopted by them. The analysts authoring the report have profiled almost every major player of the global Industrial Wire Rope market and thrown light on their crucial business aspects such as production, areas of operation, and product portfolio. All companies analyzed in the report are studied on the basis of vital factors such as market share, market growth, company size, production volume, revenue, and earnings.

Key Manufacturers Operating in the Global Industrial Wire Rope Market are:

Kiswire
Bridon-Bekaert
WireCo World Group
Usha Martin
Jiangsu langshan Wrie Rope
Teufelberger
Guizhou steel rope
DSR Wire
Tokyo Rope
Jiangsu Juliwire Rope
Xianyang BOMCO Steel Tube&Wirerope
Kobelco Wire
SAFETY
JULI SLING
Jiangsu Shenwang group
Zhongying steel rope

Highlights of Report

(1) Buyers of the report will have access to unique information about top 10 players of the global Industrial Wire Rope market

(2) The report informs readers about future products and technologies to be introduced in the global Industrial Wire Rope market

(3) Readers are offered with comprehensive analysis on key revenue pockets of the global Industrial Wire Rope market

(4) The report provides details about long-term and short-term strategies adopted by major players of the global Industrial Wire Rope market

(5) The authors of the report have provided demand and growth trends of the global Industrial Wire Rope market and also its segments

(6) In the geographical analysis section, the report discusses about recent market developments in different regions and countries

The report can be used by players, stakeholders, and investors since it caters to all of them in a unique fashion. It offers special analysis on various competitive scenarios to help players to better compete in the global Industrial Wire Rope market. In the competitive analysis section, it provides a detailed list of important mergers and acquisitions, collaborations, and partnerships that key players have signed when operating in the global Industrial Wire Rope market. In the concluding part of the report, the analysts have provided powerful recommendations and suggestions to help players to ensure healthy growth in the global Industrial Wire Rope market.

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Table of Contents

1 Market Overview
1.1 Industrial Wire Rope Product Introduction
1.2 Global Industrial Wire Rope Market Size Forecast
1.2.1 Global Industrial Wire Rope Sales Value (2020-2031)
1.2.2 Global Industrial Wire Rope Sales Volume (2020-2031)
1.2.3 Global Industrial Wire Rope Sales Price (2020-2031)
1.3 Industrial Wire Rope Market Trends & Drivers
1.3.1 Industrial Wire Rope Industry Trends
1.3.2 Industrial Wire Rope Market Drivers & Opportunity
1.3.3 Industrial Wire Rope Market Challenges
1.3.4 Industrial Wire Rope Market Restraints
1.4 Assumptions and Limitations
1.5 Study Objectives
1.6 Years Considered

2 Competitive Analysis by Company
2.1 Global Industrial Wire Rope Players Revenue Ranking (2024)
2.2 Global Industrial Wire Rope Revenue by Company (2020-2025)
2.3 Global Industrial Wire Rope Players Sales Volume Ranking (2024)
2.4 Global Industrial Wire Rope Sales Volume by Company Players (2020-2025)
2.5 Global Industrial Wire Rope Average Price by Company (2020-2025)
2.6 Key Manufacturers Industrial Wire Rope Manufacturing Base and Headquarters
2.7 Key Manufacturers Industrial Wire Rope Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Industrial Wire Rope
2.9 Industrial Wire Rope Market Competitive Analysis
2.9.1 Industrial Wire Rope Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Industrial Wire Rope Revenue in 2024
2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Industrial Wire Rope as of 2024)
2.10 Mergers & Acquisitions, Expansion

3 Segmentation by Type
3.1 Introduction by Type
3.1.1 Regular Lay
3.1.2 Lang Lay
3.2 Global Industrial Wire Rope Sales Value by Type
3.2.1 Global Industrial Wire Rope Sales Value by Type (2020 VS 2024 VS 2031)
3.2.2 Global Industrial Wire Rope Sales Value, by Type (2020-2031)
3.2.3 Global Industrial Wire Rope Sales Value, by Type (%) (2020-2031)
3.3 Global Industrial Wire Rope Sales Volume by Type
3.3.1 Global Industrial Wire Rope Sales Volume by Type (2020 VS 2024 VS 2031)
3.3.2 Global Industrial Wire Rope Sales Volume, by Type (2020-2031)
3.3.3 Global Industrial Wire Rope Sales Volume, by Type (%) (2020-2031)
3.4 Global Industrial Wire Rope Average Price by Type (2020-2031)

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Industrial & Crane
4.1.2 Oil & Gas
4.1.3 Mining
4.1.4 Other
4.2 Global Industrial Wire Rope Sales Value by Application
4.2.1 Global Industrial Wire Rope Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Industrial Wire Rope Sales Value, by Application (2020-2031)
4.2.3 Global Industrial Wire Rope Sales Value, by Application (%) (2020-2031)
4.3 Global Industrial Wire Rope Sales Volume by Application
4.3.1 Global Industrial Wire Rope Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Industrial Wire Rope Sales Volume, by Application (2020-2031)
4.3.3 Global Industrial Wire Rope Sales Volume, by Application (%) (2020-2031)
4.4 Global Industrial Wire Rope Average Price by Application (2020-2031)

5 Segmentation by Region
5.1 Global Industrial Wire Rope Sales Value by Region
5.1.1 Global Industrial Wire Rope Sales Value by Region: 2020 VS 2024 VS 2031
5.1.2 Global Industrial Wire Rope Sales Value by Region (2020-2025)
5.1.3 Global Industrial Wire Rope Sales Value by Region (2026-2031)
5.1.4 Global Industrial Wire Rope Sales Value by Region (%), (2020-2031)
5.2 Global Industrial Wire Rope Sales Volume by Region
5.2.1 Global Industrial Wire Rope Sales Volume by Region: 2020 VS 2024 VS 2031
5.2.2 Global Industrial Wire Rope Sales Volume by Region (2020-2025)
5.2.3 Global Industrial Wire Rope Sales Volume by Region (2026-2031)
5.2.4 Global Industrial Wire Rope Sales Volume by Region (%), (2020-2031)
5.3 Global Industrial Wire Rope Average Price by Region (2020-2031)
5.4 North America
5.4.1 North America Industrial Wire Rope Sales Value, 2020-2031
5.4.2 North America Industrial Wire Rope Sales Value by Country (%), 2024 VS 2031
5.5 Europe
5.5.1 Europe Industrial Wire Rope Sales Value, 2020-2031
5.5.2 Europe Industrial Wire Rope Sales Value by Country (%), 2024 VS 2031
5.6 Asia Pacific
5.6.1 Asia Pacific Industrial Wire Rope Sales Value, 2020-2031
5.6.2 Asia Pacific Industrial Wire Rope Sales Value by Region (%), 2024 VS 2031
5.7 South America
5.7.1 South America Industrial Wire Rope Sales Value, 2020-2031
5.7.2 South America Industrial Wire Rope Sales Value by Country (%), 2024 VS 2031
5.8 Middle East & Africa
5.8.1 Middle East & Africa Industrial Wire Rope Sales Value, 2020-2031
5.8.2 Middle East & Africa Industrial Wire Rope Sales Value by Country (%), 2024 VS 2031

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Industrial Wire Rope Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Industrial Wire Rope Sales Value and Sales Volume
6.2.1 Key Countries/Regions Industrial Wire Rope Sales Value, 2020-2031
6.2.2 Key Countries/Regions Industrial Wire Rope Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Industrial Wire Rope Sales Value, 2020-2031
6.3.2 United States Industrial Wire Rope Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Industrial Wire Rope Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Industrial Wire Rope Sales Value, 2020-2031
6.4.2 Europe Industrial Wire Rope Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Industrial Wire Rope Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Industrial Wire Rope Sales Value, 2020-2031
6.5.2 China Industrial Wire Rope Sales Value by Type (%), 2024 VS 2031
6.5.3 China Industrial Wire Rope Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Industrial Wire Rope Sales Value, 2020-2031
6.6.2 Japan Industrial Wire Rope Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Industrial Wire Rope Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Industrial Wire Rope Sales Value, 2020-2031
6.7.2 South Korea Industrial Wire Rope Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Industrial Wire Rope Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Industrial Wire Rope Sales Value, 2020-2031
6.8.2 Southeast Asia Industrial Wire Rope Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Industrial Wire Rope Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Industrial Wire Rope Sales Value, 2020-2031
6.9.2 India Industrial Wire Rope Sales Value by Type (%), 2024 VS 2031
6.9.3 India Industrial Wire Rope Sales Value by Application, 2024 VS 2031

7 Company Profiles
7.1 Kiswire
7.1.1 Kiswire Company Information
7.1.2 Kiswire Introduction and Business Overview
7.1.3 Kiswire Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Kiswire Industrial Wire Rope Product Offerings
7.1.5 Kiswire Recent Development
7.2 Bridon-Bekaert
7.2.1 Bridon-Bekaert Company Information
7.2.2 Bridon-Bekaert Introduction and Business Overview
7.2.3 Bridon-Bekaert Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Bridon-Bekaert Industrial Wire Rope Product Offerings
7.2.5 Bridon-Bekaert Recent Development
7.3 WireCo World Group
7.3.1 WireCo World Group Company Information
7.3.2 WireCo World Group Introduction and Business Overview
7.3.3 WireCo World Group Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 WireCo World Group Industrial Wire Rope Product Offerings
7.3.5 WireCo World Group Recent Development
7.4 Usha Martin
7.4.1 Usha Martin Company Information
7.4.2 Usha Martin Introduction and Business Overview
7.4.3 Usha Martin Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Usha Martin Industrial Wire Rope Product Offerings
7.4.5 Usha Martin Recent Development
7.5 Jiangsu langshan Wrie Rope
7.5.1 Jiangsu langshan Wrie Rope Company Information
7.5.2 Jiangsu langshan Wrie Rope Introduction and Business Overview
7.5.3 Jiangsu langshan Wrie Rope Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Jiangsu langshan Wrie Rope Industrial Wire Rope Product Offerings
7.5.5 Jiangsu langshan Wrie Rope Recent Development
7.6 Teufelberger
7.6.1 Teufelberger Company Information
7.6.2 Teufelberger Introduction and Business Overview
7.6.3 Teufelberger Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Teufelberger Industrial Wire Rope Product Offerings
7.6.5 Teufelberger Recent Development
7.7 Guizhou steel rope
7.7.1 Guizhou steel rope Company Information
7.7.2 Guizhou steel rope Introduction and Business Overview
7.7.3 Guizhou steel rope Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Guizhou steel rope Industrial Wire Rope Product Offerings
7.7.5 Guizhou steel rope Recent Development
7.8 DSR Wire
7.8.1 DSR Wire Company Information
7.8.2 DSR Wire Introduction and Business Overview
7.8.3 DSR Wire Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 DSR Wire Industrial Wire Rope Product Offerings
7.8.5 DSR Wire Recent Development
7.9 Tokyo Rope
7.9.1 Tokyo Rope Company Information
7.9.2 Tokyo Rope Introduction and Business Overview
7.9.3 Tokyo Rope Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Tokyo Rope Industrial Wire Rope Product Offerings
7.9.5 Tokyo Rope Recent Development
7.10 Jiangsu Juliwire Rope
7.10.1 Jiangsu Juliwire Rope Company Information
7.10.2 Jiangsu Juliwire Rope Introduction and Business Overview
7.10.3 Jiangsu Juliwire Rope Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Jiangsu Juliwire Rope Industrial Wire Rope Product Offerings
7.10.5 Jiangsu Juliwire Rope Recent Development
7.11 Xianyang BOMCO Steel Tube&Wirerope
7.11.1 Xianyang BOMCO Steel Tube&Wirerope Company Information
7.11.2 Xianyang BOMCO Steel Tube&Wirerope Introduction and Business Overview
7.11.3 Xianyang BOMCO Steel Tube&Wirerope Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Xianyang BOMCO Steel Tube&Wirerope Industrial Wire Rope Product Offerings
7.11.5 Xianyang BOMCO Steel Tube&Wirerope Recent Development
7.12 Kobelco Wire
7.12.1 Kobelco Wire Company Information
7.12.2 Kobelco Wire Introduction and Business Overview
7.12.3 Kobelco Wire Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Kobelco Wire Industrial Wire Rope Product Offerings
7.12.5 Kobelco Wire Recent Development
7.13 SAFETY
7.13.1 SAFETY Company Information
7.13.2 SAFETY Introduction and Business Overview
7.13.3 SAFETY Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 SAFETY Industrial Wire Rope Product Offerings
7.13.5 SAFETY Recent Development
7.14 JULI SLING
7.14.1 JULI SLING Company Information
7.14.2 JULI SLING Introduction and Business Overview
7.14.3 JULI SLING Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 JULI SLING Industrial Wire Rope Product Offerings
7.14.5 JULI SLING Recent Development
7.15 Jiangsu Shenwang group
7.15.1 Jiangsu Shenwang group Company Information
7.15.2 Jiangsu Shenwang group Introduction and Business Overview
7.15.3 Jiangsu Shenwang group Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 Jiangsu Shenwang group Industrial Wire Rope Product Offerings
7.15.5 Jiangsu Shenwang group Recent Development
7.16 Zhongying steel rope
7.16.1 Zhongying steel rope Company Information
7.16.2 Zhongying steel rope Introduction and Business Overview
7.16.3 Zhongying steel rope Industrial Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Zhongying steel rope Industrial Wire Rope Product Offerings
7.16.5 Zhongying steel rope Recent Development

8 Industry Chain Analysis
8.1 Industrial Wire Rope Industrial Chain
8.2 Industrial Wire Rope Upstream Analysis
8.2.1 Key Raw Materials
8.2.2 Raw Materials Key Suppliers
8.2.3 Manufacturing Cost Structure
8.3 Midstream Analysis
8.4 Downstream Analysis (Customers Analysis)
8.5 Sales Model and Sales Channels
8.5.1 Industrial Wire Rope Sales Model
8.5.2 Sales Channel
8.5.3 Industrial Wire Rope Distributors

9 Research Findings and Conclusion

10 Appendix
10.1 Research Methodology
10.1.1 Methodology/Research Approach
10.1.1.1 Research Programs/Design
10.1.1.2 Market Size Estimation
10.1.1.3 Market Breakdown and Data Triangulation
10.1.2 Data Source
10.1.2.1 Secondary Sources
10.1.2.2 Primary Sources
10.2 Author Details
10.3 Disclaimer

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