Steel Wire Ropes for Ropeways Research:CAGR of 3.7% during the forecast period

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report "Steel Wire Ropes for Ropeways- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031". Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Steel Wire Ropes for Ropeways was estimated to be worth US$ 408 million in 2024 and is forecast to a readjusted size of US$ 543 million by 2031 with a CAGR of 4.3% during the forecast period 2025-2031.

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Steel Wire Ropes for Ropeways Market Summary

Steel Wire Ropes for Ropeways are key components of aerial ropeways, ground cable cars, towing ropeways and other equipment used in tourist attractions, ski resorts, urban transportation, mountain transportation and mining material transportation. They are usually twisted from multiple steel wires and must have high tensile strength, toughness, bending fatigue strength, wear resistance, corrosion resistance and other properties to withstand the combined stress of stretching, bending, extrusion and other stresses during the operation of the ropeway, to ensure the safe and stable operation of the ropeway and the safety of passengers' lives and property.

According to the new market research report "Global Steel Wire Ropes for Ropeways Market Report 2024-2030", published by QYResearch, the global Steel Wire Ropes for Ropeways market size is projected to reach USD 540 million by 2030, at a CAGR of 3.7% during the forecast period.

Figure00001. Global Steel Wire Ropes for Ropeways Market Size (US$ Million), 2019-2030

Steel Wire Ropes for Ropeways

Above data is based on report from QYResearch: Global Steel Wire Ropes for Ropeways Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

Figure00002. Global Steel Wire Ropes for Ropeways Top 9 Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Steel Wire Ropes for Ropeways

Above data is based on report from QYResearch: Global Steel Wire Ropes for Ropeways Market Report 2024-2030 (published in 2024). If you need the latest data, plaese contact QYResearch.

According to QYResearch Top Players Research Center, the global key manufacturers of Steel Wire Ropes for Ropeways include ArcelorMittal ROPES, Teufelberger, etc. In 2023, the global top three players had a share approximately 39.0% in terms of revenue.

Figure00003. Steel Wire Ropes for Ropeways , Global Market Size, Split by Product Segment

Steel Wire Ropes for Ropeways

Based on or includes research from QYResearch: Global Steel Wire Ropes for Ropeways Market Report 2024-2030.

In terms of product type, currently Independent Wire Rope Core is the largest segment, hold a share of 69.3%.

In terms of product application, currently Passenger Ropeways is the largest segment, hold a share of 78.5%.

Steel Wire Ropes for Ropeways Industry Trends

Market Competition Intensifies

Steel Wire Ropes for Ropeways companies are not only facing competition from global companies. In order to gain an advantage in the global market, companies must continuously improve product quality, promote technological innovation, improve production efficiency, and optimize the service system.

Manufacturers Continue to Innovate

The application of new materials and new processes has significantly improved the performance and production efficiency of Steel Wire Ropes for Ropeways, such as coating technology enhances its corrosion resistance, cold processing technology improves its fatigue resistance and wear resistance, and synthetic core materials increase the durability of Steel Wire Ropes for Ropeways.

Production Intelligence Upgrades

With the popularization of information technology and intelligent manufacturing, the production process will tend to be automated and intelligent, which will not only help improve production efficiency and product quality, but also further reduce the cost of Steel Wire Ropes for Ropeways.

Steel Wire Ropes for Ropeways Market Drivers

D1: Mining and Industrial Transportation Upgrade Needs

As mining depth increases, traditional transportation methods are costly and risky, and ropeways transportation (such as overhead passenger devices) has become a safe and efficient option. Reducing mining vehicle emissions, the low-carbon advantages of ropeways transportation are highlighted, driving the application of Steel Wire Ropes for Ropeways in the industrial field.

D2: The Continued Growth and Diversified Demands of the Tourism Industry

Tourists have a surge in demand for mountain tourism, skiing vacations, theme parks and other scenes. These places will require a large number of Steel Wire Ropes for Ropeways. At the same time, some extreme sports such as rock climbing, zip lines, jungle crossings and other projects also require high-strength, wear-resistant steel wire ropes.

D3: Technological Progress

The production process of Steel Wire Ropes for Ropeways is constantly innovating. For example, the research and development of Steel Wire Ropes for Ropeways and the use of special coating technology that is corrosion-resistant and high-temperature-resistant have significantly improved product performance, thereby promoting the development of the entire industry. At the same time, the application of new materials and new processes has brought new development opportunities to the Steel Wire Ropes for Ropeways industry.

Steel Wire Ropes for Ropeways Market Restraints

R1: Supply Chain Vulnerability

Core equipment such as high-end wire drawing machines and stranding machines mainly come from Germany and Japan, with long supply cycles and are easily affected by the international situation.

R2: Fluctuations in Raw Material Prices

The main raw material of Steel Wire Ropes for Ropeways is high carbon steel, and its price is significantly affected by iron ore, energy costs and international trade policies. When global steel prices soar, it directly compresses corporate profit margins.

R3: Impact of Accidents on Public Opinion

Accidents such as ropeway falls and rope breaks can easily cause the public to question the quality of Steel Wire Ropes for Ropeways and damage the industry's reputation.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Steel Wire Ropes for Ropeways market is segmented as below:
By Company
ArcelorMittal ROPES
Teufelberger
FATZER
Tokyo Rope
Bekaert
Usha Martin
Ansteel
Guizhou Wire Rope
Langshan Wire Rope
Jiangsu Juli Wire Rope
Bomco Wire Rope
Jiangsu Zhongying Steel Rope

Segment by Type
Independent Wire Rope Core
Fiber Steel Wire Ropes
Others

Segment by Application
Passenger Ropeways
Material Ropeways

Each chapter of the report provides detailed information for readers to further understand the Steel Wire Ropes for Ropeways market:

Chapter 1: Introduces the report scope of the Steel Wire Ropes for Ropeways report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Steel Wire Ropes for Ropeways manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Steel Wire Ropes for Ropeways market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Steel Wire Ropes for Ropeways in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Steel Wire Ropes for Ropeways in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Benefits of purchasing QYResearch report:

Competitive Analysis: QYResearch provides in-depth Steel Wire Ropes for Ropeways competitive analysis, including information on key company profiles, new entrants, acquisitions, mergers, large market shear, opportunities, and challenges. These analyses provide clients with a comprehensive understanding of market conditions and competitive dynamics, enabling them to develop effective market strategies and maintain their competitive edge.

Industry Analysis: QYResearch provides Steel Wire Ropes for Ropeways comprehensive industry data and trend analysis, including raw material analysis, market application analysis, product type analysis, market demand analysis, market supply analysis, downstream market analysis, and supply chain analysis.

and trend analysis. These analyses help clients understand the direction of industry development and make informed business decisions.

Market Size: QYResearch provides Steel Wire Ropes for Ropeways market size analysis, including capacity, production, sales, production value, price, cost, and profit analysis. This data helps clients understand market size and development potential, and is an important reference for business development.

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