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Sub Saharan Africa Steel Wire Rope Market Share, Trends, Analysis, Forecast: By Type of Lay: Regular Lay, Lang Lay, Alternate Lay; By Strand Pattern: Single Layer, Filler Wire, Warrington, Combination; By Coating Type; By Application; Regional Analysis; Market Dynamics; Competitive Landscape; Industry Events and Developments; 2023-2028
Sub Saharan Africa Steel Wire Rope Market Outlook
The market size for steel wire rope in Sub Saharan Africa reached a value of more than USD 77.4 million in 2021. The Sub Saharan Africa steel wire rope market is expected to grow at a CAGR of 3.50% between 2023 and 2028, reaching a value of USD 94.69 million by 2027.
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Key Trends in the Market
Steel wire rope is a strong flexible rope prepared by a cold drawing process and are used for lifting heavy objects such as elevators and cranes, as well as for transmitting mechanical power. Steel wire ropes are used in a variety of applications and are preferred due to their superior strength that provides reliability.
- Innovations and developments in steel wire rope is helping in the growth of the Sub Saharan Africa steel wire rope market. There is a strong presence of key market players in the region, and they are focused on launching innovative and cutting-edge steel wires that will increase potential applications.
- Increase in construction processes due to high population growth in the region along with increasing government projects such as road or bridge construction is contributing to the growth of the steel wire rope market in the region. These wires are widely used in construction processes because of their tensile strength, endurance, and flexibility.
- Demand for high carbon steel wire ropes including stainless steel wire ropes and galvanised steel wire ropes have increased to overcome problems such as corrosion. As these steel wire ropes are resistant to corrosion, they have a longer lifespan and offer greater security.
Market Analysis
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Based on type of lay, the Sub Saharan 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 divided 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. By country, the market is segmented into South Africa, Nigeria, Kenya, and Ghana, 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 Sub Saharan Africa steel wire rope market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- NV Bekaert SA
- Nigerian Ropes Plc
- Ndlovu Wire Ropes
- Rope Constructions Company
- Scaw South Africa (Proprietary) Limited (Scaw)
- Anchor Industries
- Accord Lifting
- Haggie Rand Zimbabwe (Pvt) Ltd
- Others
Market Share by Type of Lay
In regular lay, the strands of the cable flow in the opposite direction making it prone to distortion due to which regular lay steel wire ropes are useful in situations where bending is required. Lang lay steel wire ropes have strands flowing in the same direction which allows easy lifting, hoisting, pulling, or pushing of materials.
Alternate lay is a mixture of regular lay and lang lay as it consists of three strands of ordinary and three strands of lang lay. It offers properties of both lang lay and regular lay making it more versatile for a wider range of applications, due to which the alternate lay segment is expected to witness growth in the Sub Saharan Africa steel wire rope market.
Market Share by Coating Type
Different coating materials are used for the steel wire rope depending on its application. Nylon is used as a coating to prevent corrosion and wear and tear. PVC and Vinyl both can be used to coat stainless steel and galvanized steel wire rope. PVC is used for flexibility and resistance from water and because it is cost-effective.
Meanwhile, Nickel is used as a coating when there is a requirement is for hardness, brightness, and improved appearance. Nylon is tougher than any other material and is used for various load running applications. The wide variety of coatings available for steel wire ropes and the added benefits they offer are boosting the Sub Saharan Africa steel wire rope market.
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Competitive Landscape
NV Bekaert SA is a global company dealing with steel wire transformation and coatings. It was founded in 1880 and has its headquarter in Zwevegem, Belgium. They apply new and unique coating technologies depending on the applications to fulfil the needs and demands of the consumers.
Nigerian Ropes Plc is a global leader in manufacturing cordage and ropes technology, with a strong presence in the Sub Saharan Africa steel wire rope market. It was incorporated in 1960 and has its head office in Lagos, Nigeria. They believe in producing best quality ropes for safety purposes keeping in mind the customers requirements.
Rope Constructions Company founded in 1919 has its headquarter located in Johannesburg, South Africa. They aim to provide the best quality products to the markets they serve including steel wire ropes, lifting equipment, rigging gear, and anchoring equipment.
Other market players include Ndlovu Wire Ropes, Scaw South Africa (Proprietary) Limited (Scaw), Anchor Industries, Accord Lifting, and Haggie Rand Zimbabwe (Pvt) Ltd, among others.
Key Highlights of the Report
| 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:
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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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| Breakup by Region |
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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
6.1 Sub Saharan Africa
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 (2018-2022)
8.3 Middle East and Africa Steel Wire Rope Market Forecast (2023-2028)
8.4 Middle East and Africa Steel Wire Rope Market by Region
8.4.1 Market Share
8.4.1.1 Middle East
8.4.1.2 Africa
9 Sub Saharan Africa Steel Wire Rope Market Analysis
9.1 Key Industry Highlight
9.2 Sub Saharan Africa Steel Wire Rope Historical Market (2018-2022)
9.3 Sub Saharan Africa Steel Wire Rope Market Forecast (2023-2028)
9.4 Sub Saharan 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 (2018-2022)
9.4.1.3 Forecast Trend (2023-2028)
9.4.2 Lang Lay
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2022)
9.4.2.3 Forecast Trend (2023-2028)
9.4.3 Alternate Lay
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2022)
9.4.3.3 Forecast Trend (2023-2028)
9.5 Sub Saharan 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 (2018-2022)
9.5.1.3 Forecast Trend (2023-2028)
9.5.2 Filler Wire
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2022)
9.5.2.3 Forecast Trend (2023-2028)
9.5.3 Warrington
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2022)
9.5.3.3 Forecast Trend (2023-2028)
9.5.4 Combination
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2022)
9.5.4.3 Forecast Trend (2023-2028)
9.6 Sub Saharan Africa Steel Wire Rope Market by Coating Type
9.6.1 Vinyl
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2022)
9.6.1.3 Forecast Trend (2023-2028)
9.6.2 Zinc
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2022)
9.6.2.3 Forecast Trend (2023-2028)
9.6.3 Nylon
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2022)
9.6.3.3 Forecast Trend (2023-2028)
9.6.4 PVC
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2022)
9.6.4.3 Forecast Trend (2023-2028)
9.6.5 Others
9.7 Sub Saharan 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 (2018-2022)
9.7.1.3 Forecast Trend (2023-2028)
9.7.2 Heavy Machinery
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2022)
9.7.2.3 Forecast Trend (2023-2028)
9.7.3 Mining
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2022)
9.7.3.3 Forecast Trend (2023-2028)
9.7.4 Marine
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2022)
9.7.4.3 Forecast Trend (2023-2028)
9.7.5 General Engineering
9.7.5.1 Market Share
9.7.5.2 Historical Trend (2018-2022)
9.7.5.3 Forecast Trend (2023-2028)
9.7.6 Construction
9.7.6.1 Market Share
9.7.6.2 Historical Trend (2018-2022)
9.7.6.3 Forecast Trend (2023-2028)
9.7.7 Others
9.8 Sub Saharan Africa Steel Wire Rope Market by Country
9.8.1 Market Share
9.8.1.1 South Africa
9.8.1.2 Nigeria
9.8.1.3 Kenya
9.8.1.4 Ghana
9.8.1.5 Others
10 Country Analysis
10.1 South Africa
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Nigeria
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 Kenya
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Ghana
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter’s Five Forces Analysis
11.2.1 Supplier’s Power
11.2.2 Buyer’s Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 NV Bekaert SA
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Nigerian Ropes Plc
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Ndlovu Wire Ropes
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Rope Constructions Company
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Scaw South Africa (Proprietary) Limited (Scaw)
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Anchor Industries
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Accord Lifting
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Haggie Rand Zimbabwe (Pvt) Ltd
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Industry Events and Developments
List of Figures and Tables
1. Middle East and Africa Steel Wire Rope Market: Key Industry Highlights, 2018 and 2028
2. Middle East and Africa Steel Wire Rope Historical Market: Breakup by Region (USD Million), 2018-2022
3. Middle East and Africa Steel Wire Rope Market Forecast: Breakup by Region (USD Million), 2023-2028
4. Sub Saharan Africa Steel Wire Rope Market: Key Industry Highlights, 2018 and 2028
5. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Type of Lay (USD Million), 2018-2022
6. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by Type of Lay (USD Million), 2023-2028
7. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Million), 2018-2022
8. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Million), 2023-2028
9. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Coating Type (USD Million), 2018-2022
10. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by S Coating Type (USD Million), 2023-2028
11. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Application (USD Million), 2018-2022
12. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by Application (USD Million), 2023-2028
13. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2022
14. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2023-2028
15. Sub Saharan Africa Steel Wire Rope Market Structure
Key Questions Answered in the Report
The Sub Saharan Africa market size for steel wire rope reached a value of more than USD 77.4 million in 2021.
The market is expected to grow at a CAGR of 3.50% between 2023 and 2028.
Properties like high strength and durability and increasing use in oil and gas and mining industries are the major market drivers.
The market size for steel wire rope in Sub Saharan Africa is expected to reach a value of more than USD 94.69 million by 2027.
The key trends of the market are innovations and developments, increase in use of stainless steel and galvanised steel wire rope, and increase in construction processes.
Based on type of lay, the Sub Saharan Africa steel wire rope market can be segmented into regular lay, lang lay, and alternate lay.
Key market players are NV Bekaert SA, Nigerian Ropes Plc, Ndlovu Wire Ropes, Rope Constructions Company, Scaw South Africa (Proprietary) Limited (Scaw), Anchor Industries, Accord Lifting, and Haggie Rand Zimbabwe (Pvt) Ltd., among others.
Steel wire rope is a strong flexible rope prepared by a cold drawing process. The steel wire ropes are used for lifting heavy objects such as elevators and cranes along with transmitting mechanical power.
On the basis of strand pattern, the market can be divided into single layer, filler wire, Warrington, and combination.
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