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Rising Fishing Industry Drives Demand For Steel Wire Rope And Plastic Rope Market: An Emerging Driver Transforming The Steel Wire Rope And Plastic Rope Market Landscape
Steel Wire Rope And Plastic Rope
What Is the Projected Growth of the Steel Wire Rope And Plastic Rope Market?
The Steel Wire Rope And Plastic Rope Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Steel Wire Rope And Plastic Rope Market?
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What Are the Different Steel Wire Rope And Plastic Rope Market Segments?
The steel wire rope and plastic rope market covered in this report is segmented -
1) By Type Of Lay: Regular Lay, Lang Lay
2) By Material Type: Polypropylene, Polyester, Nylon, HMPE (High Modulus Polyethylene), Specialty Fibers
3) By Application: Marine And Fishing, Sports And Leisure, Oil And Gas, Industrial And Crane, Mining, Construction, Other Applications
Subsegments:
1) By Regular Lay: Right Regular Lay, Left Regular Lay
2) By Lang Lay: Right Lang Lay, Left Lang Lay
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What Are the Primary Drivers Shaping the Steel Wire Rope And Plastic Rope Market?
The anticipated expansion of the steel wire rope and plastic rope market is fuelled by the rising employment and growth within the fishing sector. The fishing industry is an economic segment that encompasses activities such as the capture, processing, promotion and sales of fish, alongside other marine resources like crustaceans, mollusks, and seaweed. The fishing sector extensively relies on steel wire ropes and plastic ropes for net production, given their superior strength and longevity. The Food and Agriculture Organization of the United Nations, an organization based in Italy that aims to alleviate global hunger and enhance food quality and safety, reported in 2022 that there was a 1.2% increase in global fish production up to 184.1 million tonnes compared to 2018. Furthermore, aquaculture output witnessed a 2.6% rise, and the global fish trade revenue experienced a 10.7% yearly increase, amounting to USD 193.5 billion. Therefore, the surging growth and employment in the fishing sector are influencing the positive trajectory of the steel wire rope and plastic rope market.
Which Companies Are Leading in the Steel Wire Rope And Plastic Rope Market?
Major companies operating in the steel wire rope and plastic rope market include 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 Major Trends Shaping the Steel Wire Rope And Plastic Rope Market?
A significant trend gaining traction in the steel wire rope and plastic rope market is product innovation. To maintain their standing in the market, key companies are launching innovative products, one example being the Marlow sustainable rope. Marlow Ropes Ltd., a specialist rope assembly manufacturer based in England, launched this sustainable rope line in February 2023. The rope retains features of past products, such as stiffness combined with extended elongation properties. However, its unique selling point is that it's the first fast rope in the world to be sustainably produced using recycled-based content (BCF RPA).
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What Are the Top Revenue-Generating Geographies in the Steel Wire Rope And Plastic Rope Market?
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 in the global steel wire rope and plastic rope market report forecast period. The regions covered in the steel wire rope and plastic rope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Steel Wire Rope And Plastic Rope Market?
2. What is the CAGR expected in the Steel Wire Rope And Plastic Rope Market?
3. What Are the Key Innovations Transforming the Steel Wire Rope And Plastic Rope Industry?
4. Which Region Is Leading the Steel Wire Rope And Plastic Rope Market?
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