South Africa Steel Wire Rope Market Report and Forecast 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 11.32 million in 2023. The South Africa steel wire rope market is expected to grow at a CAGR of 2.70% between 2024 and 2032, reaching a value of USD 14.42 million by 2032.

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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