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Global Bright Steel Wire Rope Market: By Type: Fog Ropes, Soft Ropes, Hard Ropes, Others; By Lay Type: Regular, Alternate, Others; By Strand Pattern; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Value Chain Analysis; Competitive Landscape; Industry Events and Developments

Global Bright Steel Wire Rope Market Outlook

The global bright steel wire rope market is significantly supported by the steel wire rope industry, which attained USD 8.4 billion in 2020. The market is projected to grow at a CAGR of 3.4% between 2021 and 2026.

 

Global Bright Steel Wire Rope Market

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The Asia Pacific to Hold Majority of the Market Share of Bright Steel Wire Rope

In recent years, the bright steel wire rope consumption and sales in the countries of the Asia Pacific region, especially in China, Indonesia, and India, have been high. For the global market for bright steel wire rope, North America and Europe are the main regions as they are prominent end users of the oil and gas industry. Bright steel wire rope factories are primarily based in China, India, the United States, Germany and Japan. The bright steel wire rope industry is expected to see a strong growth pattern during the projected period in the Asia Pacific countries, such as China, India, Indonesia, Thailand and Malaysia. China has witnessed significant growth in the demand for bright steel wire rope over the last decade, which can be due to the growth in steel production and investment in infrastructure where lift and motion applications are involved. This is expected to boost the overall market of bright steel wire rope in the forecast period as well.

 

Bright Steel Wire Rope: Market Segmentation

Bright steel wire rope refers to general wire rope without surface coating. It is free from zinc, tin, copper, and other kinds of metallic coatings. So, they are generally lubricated with grease to prevent deterioration of the wire cord.

 

Global Bright Steel Wire Rope Market By Application

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By type, the market is divided into:

  • Fog Ropes
  • Soft Ropes
  • Hard Ropes
  • Others

On the basis of lay type, the market is bifurcated into:

  • Regular
  • Alternate
  • Others

Based on strand pattern, the market is segmented into:

  • Seale Type
  • Filler Wire Type
  • Warrington Type
  • Combination
  • Others

By application, the market is divided into:

  • Marine
  • Mining 
  • Oil and Gas
  • Aerospace 
  • Heavy Machines and Cranes
  • Elevators
  • Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Global Bright Steel Wire Rope Market By Region

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Rising Growth of Mining Industry to Propel the Market Growth of Bright Steel Wire Rope

The global demand for bright steel wire ropes is dominated by the oil and gas, shipping, and mining sectors. It is predicted that steel wire rope producers will concentrate on economies with substantial steel production and imports. Bright steel wire rope producers have seen rapid growth in revenue since the crude oil crisis and there are a rising number of ventures related to oil extraction, coal mining, and other mineral and industrial drilling. The rainy season causes hinderance in the use of bright steel wire cords. Lack of manpower and lack of employee expertise are other primary obstacles to the development of the global bright steel wire rope industry.


Key Industry Players in the Global Bright Steel Wire Rope Market  

The report gives a detailed analysis of the following key players in the global bright steel wire rope market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • YuanBo Engineering Co., Ltd.
  • Dunamis Wire Ropes Mfg. LLP
  • Tokyo Rope Mfg. Co., Ltd.
  • Guizhou Wire Rope Incorporated Company
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Lay Type, Strand Pattern, Application, Region
Breakup by Type Fog Ropes, Soft Ropes, Hard Ropes, Others
Breakup by Lay Type Regular, Alternate, Others
Breakup by Strand Pattern Seale Type, Filler Wire Type, Warrington Type, Combination, Others
Breakup by Application Marine, Mining, Oil and Gas, Aerospace, Heavy Machines and Cranes, Elevators, Others
Breakup by Region North America, Latin America, Europe, Middle East and Africa, Asia Pacific
Market Dynamics SWOT, Porter's Five Forces, Key Indicators for Price and Demand
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered YuanBo Engineering Co., Ltd., Dunamis Wire Ropes Mfg. LLP, Tokyo Rope Mfg. Co., Ltd., Guizhou Wire Rope Incorporated Company, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Bright Steel Wire Rope Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Bright Steel Wire Rope Historical Market (2018-2022) 
    8.3    Global Bright Steel Wire Rope Market Forecast (2023-2028)
    8.4    Global Bright Steel Wire Rope Market by Type
        8.4.1    Fog Ropes
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Soft Ropes
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Hard Ropes
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
        8.4.4    Others
    8.5    Global Bright Steel Wire Rope Market by Lay Type 
        8.5.1    Regular
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Alternate
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
        8.5.3    Others
    8.6    Global Bright Steel Wire Rope Market by Strand Pattern
        8.6.1    Seale Type
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Filler Wire Type
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Warrington Type
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Combination
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Others
    8.7    Global Bright Steel Wire Rope Market by Application
        8.7.1    Marine
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022)
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Mining
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022)
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Oil and Gas
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022)
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Aerospace
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022)
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Heavy Machines and Cranes
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022)
            8.7.5.3    Forecast Trend (2023-2028)
        8.7.6    Elevators
            8.7.6.1    Market Share
            8.7.6.2    Historical Trend (2018-2022)
            8.7.6.3    Forecast Trend (2023-2028)
        8.7.7    Others
    8.8    Global Bright Steel Wire Rope Market by Region       
        8.8.1    North America
            8.8.1.1    Market Share
            8.8.1.2    Historical Trend (2018-2022) 
            8.8.1.3    Forecast Trend (2023-2028)
        8.8.2    Europe
            8.8.2.1    Market Share
            8.8.2.2    Historical Trend (2018-2022) 
            8.8.2.3    Forecast Trend (2023-2028)
        8.8.3    Asia Pacific
            8.8.3.1    Market Share
            8.8.3.2    Historical Trend (2018-2022) 
            8.8.3.3    Forecast Trend (2023-2028)
        8.8.4    Latin America
            8.8.4.1    Market Share
            8.8.4.2    Historical Trend (2018-2022) 
            8.8.4.3    Forecast Trend (2023-2028)
        8.8.5    Middle East and Africa
            8.8.5.1    Market Share
            8.8.5.2    Historical Trend (2018-2022) 
            8.8.5.3    Forecast Trend (2023-2028) 
9    North America Bright Steel Wire Rope Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Bright Steel Wire Rope Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Bright Steel Wire Rope Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Bright Steel Wire Rope Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Bright Steel Wire Rope Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Competitive Landscape

    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    YuanBo Engineering Co., Ltd.
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Dunamis Wire Ropes Mfg. LLP
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Tokyo Rope Mfg. Co., Ltd.
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Guizhou Wire Rope Incorporated Company
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Others
17    Key Trends and Developments in the Market

 

Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment

 

List of Key Figures and Tables

1.    Global Bright Steel Wire Rope Market: Key Industry Highlights, 2018 and 2028
2.    Global Bright Steel Wire Rope Historical Market: Breakup by Type (USD Million), 2018-2022
3.    Global Bright Steel Wire Rope Market Forecast: Breakup by Type (USD Million), 2023-2028
4.    Global Bright Steel Wire Rope Historical Market: Breakup by Lay Type (USD Million), 2018-2022
5.    Global Bright Steel Wire Rope Market Forecast: Breakup by Lay Type (USD Million), 2023-2028
6.    Global Bright Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Million), 2018-2022
7.    Global Bright Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Million), 2023-2028
8.    Global Bright Steel Wire Rope Historical Market: Breakup by Application (USD Million), 2018-2022
9.    Global Bright Steel Wire Rope Market Forecast: Breakup by Application (USD Million), 2023-2028
10.    Global Bright Steel Wire Rope Historical Market: Breakup by Region (USD Million), 2018-2022
11.    Global Bright Steel Wire Rope Market Forecast: Breakup by Region (USD Million), 2023-2028
12.    North America Bright Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2022
13.    North America Bright Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2023-2028
14.    Europe Bright Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2022
15.    Europe Bright Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2023-2028
16.    Asia Pacific Bright Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2022
17.    Asia Pacific Bright Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2023-2028
18.    Latin America Bright Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2022
19.    Latin America Bright Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2023-2028
20.    Middle East and Africa Bright Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2022
21.    Middle East and Africa Bright Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2023-2028
22.    Global Bright Steel Wire Rope Market Structure

Key Questions Answered in the Report

The global bright steel wire rope market is being supported by the steel wire rope industry, which attained a value of nearly USD 8.4 billion in 2020.

The market is projected to grow at a CAGR of 3.4% between 2021 and 2026.

The major drivers of the industry include the increased application in oil and gas industry, rising investments in infrastructure development activities, the application of the product in various industries, such as shipping and mining, and the rising demand in industrial drilling activities.

The key industry trends guiding the market growth include the rising industrialisation and the rapid expansion of the steel industry.

The major regions in the industry are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

The major types include fog ropes, soft ropes, hard ropes, and others.

The significant lay types include regular, alternate, and others.

The different strand patterns include seale type, filler wire type, warrington type, combination, and others.

Marine, mining, oil and gas, aerospace, heavy machines and cranes, elevators, and others are the major applications of the product.

The major players in the industry are YuanBo Engineering Co., Ltd., Dunamis Wire Ropes Mfg. LLP, Tokyo Rope Mfg. Co., Ltd., Guizhou Wire Rope Incorporated Company, and others.

Analyst Review

The global bright steel wire rope market is being aided by the steel wire rope industry, which attained a value of USD 8.4 billion in 2020. The market is driven by the rising application of the product in various industries like oil and gas, shipping, and mining. Aided by the rising industrialisation, the steel wire rope market is expected to witness a further growth between 2021 and 2026, growing at a CAGR of 3.4%.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on type, the global bright steel wire rope industry can be segmented into fog ropes, soft ropes, hard ropes, and others. Based on lay type, the market can be segmented into regular, alternate, and others. On the basis of strand pattern, the market can be categorised into seale type, filler wire type, warrington type, combination, and others. Based on application, the market can be divided into marine, mining, oil and gas, aerospace, heavy machines and cranes, elevators, and others. The major regional markets for bright steel wire rope are North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific. The key players in the above market include YuanBo Engineering Co., Ltd., Dunamis Wire Ropes Mfg. LLP, Tokyo Rope Mfg. Co., Ltd., Guizhou Wire Rope Incorporated Company, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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