Traction Wire Rope Market to Hit $3.87 Billion by 2031, Growing at a 3.0% CAGR | Kiswire, Bridon-Bekaert, WireCo World Group

LOS ANGELES, United States: QY Research has published a recent market research study, The report named, "Traction 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 Traction 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 Traction Wire Rope market. Our analysts have provided qualitative and quantitative analysis to give a complete and thorough view of the global Traction 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 Traction Wire Rope market.

The global market for Traction Wire Rope was estimated to be worth US$ 3223 million in 2024 and is forecast to a readjusted size of US$ 3869 million by 2031 with a CAGR of 3.0% 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/4698485

In recent years, the global traction wire rope market has shown a steady growth trend. The growth momentum mainly comes from the infrastructure boom in the Asia-Pacific region and the renovation and renewal of urban elevators in Europe and the United States. China's "Belt and Road" project and India's urban rail transit construction have driven a surge in demand. The European and American markets have benefited from the renovation and upgrading of old infrastructure.

With the acceleration of urbanization and the continuous emergence of large-scale projects such as high-rise buildings and integrated transportation hubs, especially the continuous improvement of elevator safety and comfort requirements, wire rope products have been upgraded to high strength, low friction, fatigue resistance, corrosion resistance and other directions; at the same time, the application of automation and intelligent technology has promoted the overall technical level of lifting machinery and elevator equipment, further broadening the market demand for high-performance wire ropes. In addition, the continuous advancement of new infrastructure and old city renovation projects will also drive the widespread application of lifting and elevator wire ropes in engineering machinery, logistics warehousing and high-end residential fields.

At the same time, the growth of the wire rope market also faces some constraints: First, synthetic fiber ropes have formed substitutions in specific fields. Secondly, international trade frictions have intensified, and the EU's anti-dumping duties on Chinese wire ropes have affected the export pattern. Stricter environmental regulations also push up costs. The European REACH regulations have increased corporate environmental protection investment by 20%. Future competition will focus on differentiated innovation. Companies need to build full industry chain capabilities from material research and development to terminal services, while paying attention to the infrastructure construction cycle in emerging markets such as Southeast Asia and the Middle East to seize the next round of growth opportunities.

The global Traction Wire Rope market is segmented as per type of product, application, and geography. All of the segments of the global Traction Wire Rope market are carefully analyzed based on their market share, CAGR, value and volume growth, and other important factors. The report also provides accurate estimations about the CAGR, revenue, production, sales, and other calculations for the global Traction Wire Rope market. Each regional market is extensively studied in the report to explain why some regions are progressing at a high rate while others at a low rate. We have also provided Porter's Five Forces and PESTLE analysis for a deeper study on the global Traction Wire Rope market.

Details of Traction Wire Rope Market Segmentation: -

Segment by Type:

Right Regular Lay
Right Lang Lay
Left Regular Lay
Left Lang Lay

Segment by Application:

Construction Machinery
Elevator
Others

The competitive landscape of the global Traction 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 Traction 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 Traction Wire Rope Market are:

Kiswire
Bridon-Bekaert
WireCo World Group
Usha Martin
Jiangsu langshan Wrie Rope
Teufelberger
Guizhou steel rope
DSR Wire
Tokyo Rope
Brugg
Jiangsu Juliwire Rope
Xianyang BOMCO Steel Tube&Wirerope
Kobelco Wire
SAFETY
JULI SLING
Golik Holdings
Gustav Wolf
Jiangsu Shenwang group
Zhongying steel rope
Valin Precision
Hubei Fuxing Technology

Brand Share Analysis

Our analysis can prove extremely useful for you to learn about your brand health on the basis of performance and competition in the global Traction Wire Rope market. Besides improving your brand share of the global Traction Wire Rope market, it can accelerate and improve your decision-making. Furthermore, it can help you to create strategies for long-term development and growth in the global Traction Wire Rope market. You can significantly increase your brand value in the global Traction Wire Rope market as you cut through the competition using our analysis of comparative proportion of brand sales within target markets. The analysis will also help you to create competitive go-to-market strategies.

Research Methodology

We used latest primary and secondary research methodologies to create this report on the global Traction Wire Rope market. All our sources are reliable and authentic enough to be used in professional market research studies. Our primary research process includes conducting interviews with distributors, users, manufacturers, freelance consultants, and industry experts. As part of secondary research, we use trusted sources such as investor documents, company filings, popular publications, non-profits, and organizations that publish government statistics. We also use third-party perspectives to fine-tune our research. This includes using insights from wealth management publications, government quotes, academic commentaries, broker reports, and investment analysis reports.

Our internal database includes internal audit reports and archives, market related studies, and historic market databases. These databases are maintained and updated on a regular basis by our dedicated team of analysts.

Highlights of Report

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

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

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

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

(5) The authors of the report have provided demand and growth trends of the global Traction 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 Traction 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 Traction 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 Traction Wire Rope market.

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Table of Contents

1 Market Overview
1.1 Traction Wire Rope Product Introduction
1.2 Global Traction Wire Rope Market Size Forecast
1.2.1 Global Traction Wire Rope Sales Value (2020-2031)
1.2.2 Global Traction Wire Rope Sales Volume (2020-2031)
1.2.3 Global Traction Wire Rope Sales Price (2020-2031)
1.3 Traction Wire Rope Market Trends & Drivers
1.3.1 Traction Wire Rope Industry Trends
1.3.2 Traction Wire Rope Market Drivers & Opportunity
1.3.3 Traction Wire Rope Market Challenges
1.3.4 Traction 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 Traction Wire Rope Players Revenue Ranking (2024)
2.2 Global Traction Wire Rope Revenue by Company (2020-2025)
2.3 Global Traction Wire Rope Players Sales Volume Ranking (2024)
2.4 Global Traction Wire Rope Sales Volume by Company Players (2020-2025)
2.5 Global Traction Wire Rope Average Price by Company (2020-2025)
2.6 Key Manufacturers Traction Wire Rope Manufacturing Base and Headquarters
2.7 Key Manufacturers Traction Wire Rope Product Offered
2.8 Key Manufacturers Time to Begin Mass Production of Traction Wire Rope
2.9 Traction Wire Rope Market Competitive Analysis
2.9.1 Traction Wire Rope Market Concentration Rate (2020-2025)
2.9.2 Global 5 and 10 Largest Manufacturers by Traction 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 Traction Wire Rope as of 2024)
2.10 Mergers & Acquisitions, Expansion

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

4 Segmentation by Application
4.1 Introduction by Application
4.1.1 Construction Machinery
4.1.2 Elevator
4.1.3 Others
4.2 Global Traction Wire Rope Sales Value by Application
4.2.1 Global Traction Wire Rope Sales Value by Application (2020 VS 2024 VS 2031)
4.2.2 Global Traction Wire Rope Sales Value, by Application (2020-2031)
4.2.3 Global Traction Wire Rope Sales Value, by Application (%) (2020-2031)
4.3 Global Traction Wire Rope Sales Volume by Application
4.3.1 Global Traction Wire Rope Sales Volume by Application (2020 VS 2024 VS 2031)
4.3.2 Global Traction Wire Rope Sales Volume, by Application (2020-2031)
4.3.3 Global Traction Wire Rope Sales Volume, by Application (%) (2020-2031)
4.4 Global Traction Wire Rope Average Price by Application (2020-2031)

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

6 Segmentation by Key Countries/Regions
6.1 Key Countries/Regions Traction Wire Rope Sales Value Growth Trends, 2020 VS 2024 VS 2031
6.2 Key Countries/Regions Traction Wire Rope Sales Value and Sales Volume
6.2.1 Key Countries/Regions Traction Wire Rope Sales Value, 2020-2031
6.2.2 Key Countries/Regions Traction Wire Rope Sales Volume, 2020-2031
6.3 United States
6.3.1 United States Traction Wire Rope Sales Value, 2020-2031
6.3.2 United States Traction Wire Rope Sales Value by Type (%), 2024 VS 2031
6.3.3 United States Traction Wire Rope Sales Value by Application, 2024 VS 2031
6.4 Europe
6.4.1 Europe Traction Wire Rope Sales Value, 2020-2031
6.4.2 Europe Traction Wire Rope Sales Value by Type (%), 2024 VS 2031
6.4.3 Europe Traction Wire Rope Sales Value by Application, 2024 VS 2031
6.5 China
6.5.1 China Traction Wire Rope Sales Value, 2020-2031
6.5.2 China Traction Wire Rope Sales Value by Type (%), 2024 VS 2031
6.5.3 China Traction Wire Rope Sales Value by Application, 2024 VS 2031
6.6 Japan
6.6.1 Japan Traction Wire Rope Sales Value, 2020-2031
6.6.2 Japan Traction Wire Rope Sales Value by Type (%), 2024 VS 2031
6.6.3 Japan Traction Wire Rope Sales Value by Application, 2024 VS 2031
6.7 South Korea
6.7.1 South Korea Traction Wire Rope Sales Value, 2020-2031
6.7.2 South Korea Traction Wire Rope Sales Value by Type (%), 2024 VS 2031
6.7.3 South Korea Traction Wire Rope Sales Value by Application, 2024 VS 2031
6.8 Southeast Asia
6.8.1 Southeast Asia Traction Wire Rope Sales Value, 2020-2031
6.8.2 Southeast Asia Traction Wire Rope Sales Value by Type (%), 2024 VS 2031
6.8.3 Southeast Asia Traction Wire Rope Sales Value by Application, 2024 VS 2031
6.9 India
6.9.1 India Traction Wire Rope Sales Value, 2020-2031
6.9.2 India Traction Wire Rope Sales Value by Type (%), 2024 VS 2031
6.9.3 India Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.1.4 Kiswire Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.2.4 Bridon-Bekaert Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.3.4 WireCo World Group Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.4.4 Usha Martin Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.5.4 Jiangsu langshan Wrie Rope Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.6.4 Teufelberger Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.7.4 Guizhou steel rope Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.8.4 DSR Wire Traction 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 Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.9.4 Tokyo Rope Traction Wire Rope Product Offerings
7.9.5 Tokyo Rope Recent Development
7.10 Brugg
7.10.1 Brugg Company Information
7.10.2 Brugg Introduction and Business Overview
7.10.3 Brugg Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.10.4 Brugg Traction Wire Rope Product Offerings
7.10.5 Brugg Recent Development
7.11 Jiangsu Juliwire Rope
7.11.1 Jiangsu Juliwire Rope Company Information
7.11.2 Jiangsu Juliwire Rope Introduction and Business Overview
7.11.3 Jiangsu Juliwire Rope Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.11.4 Jiangsu Juliwire Rope Traction Wire Rope Product Offerings
7.11.5 Jiangsu Juliwire Rope Recent Development
7.12 Xianyang BOMCO Steel Tube&Wirerope
7.12.1 Xianyang BOMCO Steel Tube&Wirerope Company Information
7.12.2 Xianyang BOMCO Steel Tube&Wirerope Introduction and Business Overview
7.12.3 Xianyang BOMCO Steel Tube&Wirerope Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.12.4 Xianyang BOMCO Steel Tube&Wirerope Traction Wire Rope Product Offerings
7.12.5 Xianyang BOMCO Steel Tube&Wirerope Recent Development
7.13 Kobelco Wire
7.13.1 Kobelco Wire Company Information
7.13.2 Kobelco Wire Introduction and Business Overview
7.13.3 Kobelco Wire Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.13.4 Kobelco Wire Traction Wire Rope Product Offerings
7.13.5 Kobelco Wire Recent Development
7.14 SAFETY
7.14.1 SAFETY Company Information
7.14.2 SAFETY Introduction and Business Overview
7.14.3 SAFETY Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.14.4 SAFETY Traction Wire Rope Product Offerings
7.14.5 SAFETY Recent Development
7.15 JULI SLING
7.15.1 JULI SLING Company Information
7.15.2 JULI SLING Introduction and Business Overview
7.15.3 JULI SLING Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.15.4 JULI SLING Traction Wire Rope Product Offerings
7.15.5 JULI SLING Recent Development
7.16 Golik Holdings
7.16.1 Golik Holdings Company Information
7.16.2 Golik Holdings Introduction and Business Overview
7.16.3 Golik Holdings Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.16.4 Golik Holdings Traction Wire Rope Product Offerings
7.16.5 Golik Holdings Recent Development
7.17 Gustav Wolf
7.17.1 Gustav Wolf Company Information
7.17.2 Gustav Wolf Introduction and Business Overview
7.17.3 Gustav Wolf Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.17.4 Gustav Wolf Traction Wire Rope Product Offerings
7.17.5 Gustav Wolf Recent Development
7.18 Jiangsu Shenwang group
7.18.1 Jiangsu Shenwang group Company Information
7.18.2 Jiangsu Shenwang group Introduction and Business Overview
7.18.3 Jiangsu Shenwang group Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.18.4 Jiangsu Shenwang group Traction Wire Rope Product Offerings
7.18.5 Jiangsu Shenwang group Recent Development
7.19 Zhongying steel rope
7.19.1 Zhongying steel rope Company Information
7.19.2 Zhongying steel rope Introduction and Business Overview
7.19.3 Zhongying steel rope Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.19.4 Zhongying steel rope Traction Wire Rope Product Offerings
7.19.5 Zhongying steel rope Recent Development
7.20 Valin Precision
7.20.1 Valin Precision Company Information
7.20.2 Valin Precision Introduction and Business Overview
7.20.3 Valin Precision Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.20.4 Valin Precision Traction Wire Rope Product Offerings
7.20.5 Valin Precision Recent Development
7.21 Hubei Fuxing Technology
7.21.1 Hubei Fuxing Technology Company Information
7.21.2 Hubei Fuxing Technology Introduction and Business Overview
7.21.3 Hubei Fuxing Technology Traction Wire Rope Sales, Revenue, Price and Gross Margin (2020-2025)
7.21.4 Hubei Fuxing Technology Traction Wire Rope Product Offerings
7.21.5 Hubei Fuxing Technology Recent Development

8 Industry Chain Analysis
8.1 Traction Wire Rope Industrial Chain
8.2 Traction 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 Traction Wire Rope Sales Model
8.5.2 Sales Channel
8.5.3 Traction 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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