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South Africa Steel Wire Rope Market Share, Size, Trends, Growth, Forecast: By Type of Lay: Regular Lay, Lang Lay, Alternate Lay; By Strand Pattern: Single Layer, Filler Wire, Warrington, Combination; By Coating Type: Vinyl, Zinc, Nylon, PVC, Others; By Application; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
South Africa Steel Wire Rope Market Outlook
The South Africa market size for steel wire rope reached a value of more than USD 10.75 million in 2021. The South Africa steel wire rope market is expected to grow at a CAGR of 2.60% between 2024 and 2032, reaching a value of USD 12.68 million by 2027.
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Key Trends in the Market
Steel wire rope is a strong and durable rope used for fastening, securing, and positioning equipment because of its characteristics such as rigidity, toughness, and strength. Steel wire rope’s bending fatigue resistance is increased by adding a layer of plastic between outer strand, through an independent wire rope core (IWRC), and by increasing the area of contact between the sheave and steel wire rope.
- Focus on bringing on new advancements and various other experimentation to South Africa by the key players is contributing to the growth of the South Africa steel wire rope market.
- Increasing use of steel wire rope in mining, and oil and gas offshore transportation has largely contributed to the market growth. Ropes required at offshore need to be able to withstand extreme environmental conditions and which is why steel wire rope is used.
- Corrosion resistance is one of the key trends that is increasing the demand for steel wire ropes. It increases the cost-effectiveness of the steel wire ropes as the non-corrosive nature keeps the wire intact, particularly in vital installations, and further enhances durability.
Market Analysis
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Based on type of lay, the South Africa steel wire rope market can be segmented into regular lay, lang lay and alternate lay. On the basis of strand pattern, the market can be divided into single layer, filler wire, Warrington, and combination. By coating type, the market is categorised into vinyl, zinc, nylon, and PVC, among others. Based on application, the market is divided into oil and gas, heavy machinery, mining, marine, general engineering, and construction, among 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. The report gives a detailed analysis of the following key players in the South Africa steel wire rope market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.
- NV Bekaert SA
- Ndlovu Wire Ropes
- Rope Constructions Company
- Scaw South Africa (Proprietary) Limited (Scaw)
- Haggie Rand Zimbabwe (Pvt) Ltd
- Accord Lifting
- Anchor Industries
- Others
Market Share by Type of Lay
The strands in regular lay flows in the opposite direction due to which they have higher stability and greater resistance to crushing. These characteristics have resulted in regular lay type occupying a significant segment of the South Africa steel wire rope market.
The flow of the strands in lang lay are in same direction which makes pulling, lifting, pushing, and hoisting of objects easier. Lang lay steel wire ropes are also abrasion resistant and have superior tolerance to fatigue.
Alternate lay is a combination of lang lay and regular lay. It contains three strands of lang lay and other three of ordinary lay along, resulting in a combination of properties of both the lay types. Alternate lay steel wire ropes are typically used for special applications.
Market Share by Coating Type
Different applications of steel wire ropes can benefit from different coating materials. Nylon is usually applied as a coating in order to prevent damage and corrosion of the steel wire rope. Meanwhile, vinyl and PVC are used as a coating for galvanised steel wire rope and stainless steel.
PVC is used for resistance from water and harsh weather conditions. PVC is widely adopted by individuals because it is cost-effective too. Nylon is tough when compared to other coatings which is why is used for various load running application. Nylon is considered for the largest market share holder in the South Africa steel wire rope market due to its toughness and damage protection capabilities.
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Competitive Landscape
Rope Constructions Company was established in 1919 with its headquarter in Johannesburg, South Africa. They provide quality steel wire ropes, rigging gear, lifting equipment, and anchoring equipment to their consumer markets.
Scaw South Africa (Proprietary) Limited (Scaw) manufactures steel products. It was incorporated in 1924 and has its head office in Johannesburg, South Africa. They serve construction, mining, power, infrastructure, and offshore oil and gas industries with their products. They manufacture with sustainable goals in mind.
Anchor Industries is a service provider of laser marking, laser cutting, and metal cutting. It was founded in 2005 and has its headquarters in New Delhi, India. They use hi-tech production techniques for their products so that they will be able to fulfil the needs of their clients.
Other market players include NV Bekaert SA, Ndlovu Wire Ropes, Haggie Rand Zimbabwe (Pvt) Ltd, and Accord Lifting, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type of Lay |
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| Breakup by Strand Pattern |
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| Breakup by Coating Type |
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| Breakup by Application |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*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 Market Snapshot
7 Industry Opportunities and Challenges
8 Middle East and Africa Steel Wire Rope Market Overview
8.1 Key Industry Highlight
8.2 Middle East and Africa Steel Wire Rope Historical Market (2018-2023)
8.3 Middle East and Africa Steel Wire Rope Market Forecast (2024-2032)
8.4 Middle East and Africa Africa Steel Wire Rope Market by Country
8.4.1 Market Share
8.4.1.1 Saudi Arabia
8.4.1.2 United Arab Emirates
8.4.1.3 Nigeria
8.4.1.4 South Africa
8.4.1.5 Others
9 South Africa Steel Wire Rope Market Analysis
9.1 Key Industry Highlight
9.2 South Africa Steel Wire Rope Historical Market (2018-2023)
9.3 South Africa Steel Wire Rope Market Forecast (2024-2032)
9.4 South Africa Steel Wire Rope Market by Type of Lay
9.4.1 Regular Lay
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 Lang Lay
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
9.4.3 Alternate Lay
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2023)
9.4.3.3 Forecast Trend (2024-2032)
9.5 South Africa Steel Wire Rope Market by Strand Pattern
9.5.1 Single Layer
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2023)
9.5.1.3 Forecast Trend (2024-2032)
9.5.2 Filler Wire
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2023)
9.5.2.3 Forecast Trend (2024-2032)
9.5.3 Warrington
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2023)
9.5.3.3 Forecast Trend (2024-2032)
9.5.4 Combination
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2023)
9.5.4.3 Forecast Trend (2024-2032)
9.6 South Africa Steel Wire Rope Market by Coating Type
9.6.1 Vinyl
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2023)
9.6.1.3 Forecast Trend (2024-2032)
9.6.2 Zinc
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2023)
9.6.2.3 Forecast Trend (2024-2032)
9.6.3 Nylon
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2023)
9.6.3.3 Forecast Trend (2024-2032)
9.6.4 PVC
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2023)
9.6.4.3 Forecast Trend (2024-2032)
9.6.5 Others
9.7 South Africa Steel Wire Rope Market by Application
9.7.1 Oil and Gas
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2023)
9.7.1.3 Forecast Trend (2024-2032)
9.7.2 Heavy Machinery
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2023)
9.7.2.3 Forecast Trend (2024-2032)
9.7.3 Mining
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2023)
9.7.3.3 Forecast Trend (2024-2032)
9.7.4 Marine
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2023)
9.7.4.3 Forecast Trend (2024-2032)
9.7.5 General Engineering
9.7.5.1 Market Share
9.7.5.2 Historical Trend (2018-2023)
9.7.5.3 Forecast Trend (2024-2032)
9.7.6 Construction
9.7.6.1 Market Share
9.7.6.2 Historical Trend (2018-2023)
9.7.6.3 Forecast Trend (2024-2032)
9.7.7 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyer’s Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 NV Bekaert SA
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Ndlovu Wire Ropes
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Rope Constructions Company
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Scaw South Africa (Proprietary) Limited (Scaw)
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Haggie Rand Zimbabwe (Pvt) Ltd
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Accord Lifting
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Anchor Industries
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Key Trends and Developments in the Market
List of Figures and Tables
1. Middle East and Africa Steel Wire Rope Market: Key Industry Highlights, 2018 and 2032
2. Middle East and Africa Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2023
3. Middle East and Africa Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2024-2032
4. South Africa Steel Wire Rope Market: Key Industry Highlights, 2018 and 2032
5. South Africa Steel Wire Rope Historical Market: Breakup by Type of Lay (USD Million), 2018-2023
6. South Africa Steel Wire Rope Market Forecast: Breakup by Type of Lay (USD Million), 2024-2032
7. South Africa Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Million), 2018-2023
8. South Africa Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Million), 2024-2032
9. South Africa Steel Wire Rope Historical Market: Breakup by Coating Type (USD Million), 2018-2023
10. South Africa Steel Wire Rope Market Forecast: Breakup by S Coating Type (USD Million), 2024-2032
11. South Africa Steel Wire Rope Historical Market: Breakup by Application (USD Million), 2018-2023
12. South Africa Steel Wire Rope Market Forecast: Breakup by Application (USD Million), 2024-2032
13. South Africa Steel Wire Rope Market Structure
Key Questions Answered in the Report
The South Africa market size for steel wire rope reached a value of more than USD 10.75 million in 2021.
The market is expected to grow at a CAGR of 2.60% between 2024 and 2032.
Steel wire rope properties such as durability and strength and growth of the end-user industries are the major market drivers.
The South Africa market size for steel wire rope is expected to reach a value of more than USD 12.68 million by 2027.
The key trends of the market are new advancements, increase in use of steel wire ropes in offshore oil and gas transportation, and use of corrosive resistant steel wire ropes.
Based on type of lay, the South Africa steel wire rope market can be segmented into regular lay, lang lay, and alternate lay.
Key market players are NV Bekaert SA, Ndlovu Wire Ropes, Rope Constructions Company, Scaw South Africa (Proprietary) Limited (Scaw), Haggie Rand Zimbabwe (Pvt) Ltd, Accord Lifting, and Anchor Industries, among others.
Steel wire rope is a strong and durable rope used for fastening, securing, and positioning equipment because of its characteristics such as rigidity and toughness.
On the basis of strand pattern, the market can be divided into single layer, filler wire, Warrington, and combination.
Steel wire rope’s bending fatigue resistance is increased by adding a layer of plastic between outer strand, through independent wire rope core IWRC, and by increasing the area of contact between the sheave and steel wire rope.
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