Steel Wire Rope Market Size In 2023 : Share, Trends

The Steel Wire Rope And Plastic Rope Global Market Report 2023, provides comprehensive information on the steel wire rope and plastic rope market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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The global steel wire rope and plastic rope market size is expected to grow from $12.22 billion in 2022 to $13.14 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global steel wire rope and plastic rope market size is expected to reach $16.86 billion in 2027 at a CAGR of 6.4%.

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Product innovations are a key trend gaining popularity in the steel wire rope and plastic rope market. Major companies in the market are introducing innovative products such as Marlow sustainable rope to sustain their position in the market. For instance, in February 2023, Marlow Ropes Ltd. an England-based manufacturer of specialty rope assemblies launched its sustainable rope line-up. The rope has characteristic features of previous products such as firmness with long elongation properties. The uniqueness of the product is that it is the world’s first sustainably manufactured fast rope that is manufactured using recycled-based content (BCF RPA).

The steel wire rope and plastic rope market 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

Asia-Pacific was the largest region in the steel wire rope and plastic rope market in 2022.

The table of contents in TBRC’s steel wire rope and plastic rope market report includes:

1. Executive Summary
2. Steel Wire Rope And Plastic Rope Market Characteristics
3. Steel Wire Rope And Plastic Rope Market Trends And Strategies
4. Steel Wire Rope And Plastic Rope Market – Macro Economic Scenario
5. Steel Wire Rope And Plastic Rope Market Size And Growth

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26. Africa Steel Wire Rope And Plastic Rope Market
27. Steel Wire Rope And Plastic Rope Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Steel Wire Rope And Plastic Rope Market
29. Steel Wire Rope And Plastic Rope Market Future Outlook and Potential Analysis
30. Appendix

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