The global Steel Wire Rope and Plastic Rope Market Study analyzes and forecasts the market size across 6 regions and 24 countries for diverse segments -By Type of Lay (Regular Lay, Lang Lay), By Material (Polypropylene, Polyester, Nylon, HMPE, Specialty Fibers), By Application (Marine & Fishing, Sports & Leisure, Oil & Gas, Industrial & Crane, Mining, Construction, Others).
Steel wire rope and plastic rope to be indispensable in various industries, offering strength, durability, and versatility in 2024. Steel wire ropes, composed of multiple strands of steel wires twisted together, are prized for their high tensile strength and resistance to abrasion and corrosion, making them ideal for lifting, towing, and rigging applications in sectors such as construction, shipping, and mining. On the other hand, plastic ropes, fabricated from synthetic materials such as polypropylene, nylon, or polyester, offer lightweight, buoyant, and chemical-resistant alternatives for applications such as mooring, fishing, and recreational activities. With ongoing advancements in materials science and manufacturing processes, both steel wire ropes and plastic ropes to evolve to meet the diverse needs of industries and consumers, offering reliable and cost-effective solutions for demanding environments and applications.
The market report analyses the leading companies in the industry including Bekaert SA, Cortland Ltd, Samson Rope Technologies, Southern Ropes and English Braids Ltd, Teufelberger Holding AG, Usha Martin and Gustav Wolf, WireCo WorldGroup Inc, and others.
A significant trend in the steel wire rope and plastic rope market is the growing demand for lightweight and high-strength materials across various industries. This trend is driven by factors such as the need for efficient lifting and rigging solutions in construction, mining, and offshore applications, as well as the demand for durable and corrosion-resistant materials in marine and transportation sectors. Steel wire ropes and plastic ropes offer advantages such as high tensile strength, flexibility, and resistance to environmental factors, making them suitable for a wide range of applications where reliability and performance are critical. As industries continue to prioritize safety, efficiency, and cost-effectiveness in their operations, the demand for steel wire ropes and plastic ropes is expected to increase.
The primary driver for the steel wire rope and plastic rope market is the expansion of infrastructure and construction projects worldwide, which require robust and reliable lifting and rigging solutions. Steel wire ropes are commonly used for lifting heavy loads, securing structures, and supporting overhead cranes in construction sites, industrial facilities, and shipping ports. Plastic ropes, on the other hand, find applications in temporary fencing, safety barriers, and construction site delineation due to their lightweight and weather-resistant properties. Additionally, the growth of urbanization, population, and economic development drives investments in infrastructure projects such as bridges, highways, railways, and high-rise buildings, further fueling the demand for steel wire ropes and plastic ropes. As construction activity continues to rise globally, the market for lifting and rigging solutions is expected to grow, creating opportunities for manufacturers of steel wire ropes and plastic ropes.
A significant opportunity for the steel wire rope and plastic rope market lies in diversifying into renewable energy and green technologies, where ropes play a crucial role in wind energy, solar power, and marine renewable projects. Steel wire ropes are used in offshore wind turbines for hoisting components during installation and maintenance operations, while plastic ropes are employed in floating solar panel arrays and tidal energy platforms due to their buoyancy and corrosion resistance. Additionally, as the world shifts towards renewable energy sources and sustainable technologies to combat climate change and reduce carbon emissions, there is a growing demand for ropes that meet stringent environmental standards and performance requirements. By developing specialized ropes tailored to the unique challenges and conditions of renewable energy applications, manufacturers can capitalize on the growing market for green technologies and position themselves as leaders in the transition towards a sustainable future.
Within the Steel Wire Rope & Plastic Rope Market segmented by type of lay, the Regular Lay configuration is the largest segment, driven by its versatility, durability, and widespread applications across various industries. Regular lay ropes are constructed with strands laid in the opposite direction to the lay of the rope itself, resulting in a balanced structure that offers excellent strength, flexibility, and resistance to abrasion and fatigue. This configuration makes regular lay ropes well-suited for demanding applications such as lifting, rigging, towing, and construction, where reliability and performance are paramount. Moreover, regular lay ropes are available in a wide range of materials, including steel wire and synthetic fibers, further enhancing their versatility and applicability in diverse environments and conditions. As industries continue to rely on robust and dependable rope solutions for their operations, the Regular Lay segment maintains its dominance in the steel wire rope and plastic rope market, offering unmatched performance and durability for a myriad of applications.
Among the various materials in the Steel Wire Rope & Plastic Rope Market segmentation, HMPE (High Molecular Weight Polyethylene) stands out as the fastest-growing segment, propelled by its exceptional strength-to-weight ratio, durability, and versatility across a wide range of applications. HMPE ropes, also known as high-performance synthetic ropes, offer potential advantages over traditional materials such as polypropylene, polyester, and nylon. They exhibit superior strength, abrasion resistance, and resistance to chemicals and UV degradation, making them ideal for demanding applications in industries such as marine, offshore, construction, and lifting. Additionally, HMPE ropes are lightweight and float on water, making them suitable for marine and offshore operations where weight and buoyancy are crucial considerations. Moreover, advancements in HMPE fiber technology have led to the development of ropes with even higher strength and performance characteristics, further driving their adoption across various industries. As industries increasingly prioritize efficiency, safety, and performance, HMPE ropes are experiencing rapid growth, positioning themselves as the preferred choice for demanding applications in the steel wire rope and plastic rope market.
In the segmented landscape of the Steel Wire Rope & Plastic Rope Market by application, the Industrial & Crane segment is the largest, driven by the extensive use of ropes in lifting, rigging, and material handling operations across various industries. Industrial and crane applications demand robust and reliable ropes capable of withstanding heavy loads, harsh environments, and repetitive use. Steel wire ropes are particularly prevalent in crane systems due to their high strength, durability, and resistance to abrasion and fatigue. These ropes are essential for lifting heavy machinery, construction materials, and cargo in industrial settings such as ports, manufacturing facilities, construction sites, and warehouses. Additionally, the versatility of steel wire ropes allows for their use in various crane configurations, including tower cranes, overhead cranes, and mobile cranes, further solidifying their dominance in the industrial and crane segment. As industrial activities continue to expand globally, driven by infrastructure development and economic growth, the demand for steel wire ropes in industrial and crane applications is expected to remain robust, consolidating the segment's position as the largest in the steel wire rope and plastic rope market.
By Type of Lay
Regular Lay
Lang Lay
By Material
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
By Application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial & Crane
Mining
Construction
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Bekaert SA
Cortland Ltd
Samson Rope Technologies
Southern Ropes and English Braids Ltd
Teufelberger Holding AG
Usha Martin and Gustav Wolf
WireCo WorldGroup Inc
*- List Not Exhaustive
TABLE OF CONTENTS
1 Introduction to 2024 Steel Wire Rope and Plastic Rope Market
1.1 Market Overview
1.2 Quick Facts
1.3 Scope/Objective of the Study
1.4 Market Definition
1.5 Countries and Regions Covered
1.6 Units, Currency, and Conversions
1.7 Industry Value Chain
2 Research Methodology
2.1 Market Size Estimation
2.2 Sources and Research Methodology
2.3 Data Triangulation
2.4 Assumptions and Limitations
3 Executive Summary
3.1 Global Steel Wire Rope and Plastic Rope Market Size Outlook, $ Million, 2021 to 2032
3.2 Steel Wire Rope and Plastic Rope Market Outlook by Type, $ Million, 2021 to 2032
3.3 Steel Wire Rope and Plastic Rope Market Outlook by Product, $ Million, 2021 to 2032
3.4 Steel Wire Rope and Plastic Rope Market Outlook by Application, $ Million, 2021 to 2032
3.5 Steel Wire Rope and Plastic Rope Market Outlook by Key Countries, $ Million, 2021 to 2032
4 Market Dynamics
4.1 Key Driving Forces of Steel Wire Rope and Plastic Rope Industry
4.2 Key Market Trends in Steel Wire Rope and Plastic Rope Industry
4.3 Potential Opportunities in Steel Wire Rope and Plastic Rope Industry
4.4 Key Challenges in Steel Wire Rope and Plastic Rope Industry
5 Market Factor Analysis
5.1 Value Chain Analysis
5.2 Competitive Landscape
5.2.1 Global Steel Wire Rope and Plastic Rope Market Share by Company (%), 2023
5.2.2 Product Offerings by Company
5.3 Porter’s Five Forces Analysis
5.4 Pricing Analysis and Outlook
6 Growth Outlook Across Scenarios
6.1 Growth Analysis-Case Scenario Definitions
6.2 Low Growth Scenario Forecasts
6.3 Reference Growth Scenario Forecasts
6.4 High Growth Scenario Forecasts
7 Global Steel Wire Rope and Plastic Rope Market Outlook by Segments
7.1 Steel Wire Rope and Plastic Rope Market Outlook by Segments, $ Million, 2021- 2032
By Type of Lay
Regular Lay
Lang Lay
By Material
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
By Application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial & Crane
Mining
Construction
Others
8 North America Steel Wire Rope and Plastic Rope Market Analysis and Outlook To 2032
8.1 Introduction to North America Steel Wire Rope and Plastic Rope Markets in 2024
8.2 North America Steel Wire Rope and Plastic Rope Market Size Outlook by Country, 2021-2032
8.2.1 United States
8.2.2 Canada
8.2.3 Mexico
8.3 North America Steel Wire Rope and Plastic Rope Market size Outlook by Segments, 2021-2032
By Type of Lay
Regular Lay
Lang Lay
By Material
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
By Application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial & Crane
Mining
Construction
Others
9 Europe Steel Wire Rope and Plastic Rope Market Analysis and Outlook To 2032
9.1 Introduction to Europe Steel Wire Rope and Plastic Rope Markets in 2024
9.2 Europe Steel Wire Rope and Plastic Rope Market Size Outlook by Country, 2021-2032
9.2.1 Germany
9.2.2 France
9.2.3 Spain
9.2.4 United Kingdom
9.2.4 Italy
9.2.5 Russia
9.2.6 Norway
9.2.7 Rest of Europe
9.3 Europe Steel Wire Rope and Plastic Rope Market Size Outlook by Segments, 2021-2032
By Type of Lay
Regular Lay
Lang Lay
By Material
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
By Application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial & Crane
Mining
Construction
Others
10 Asia Pacific Steel Wire Rope and Plastic Rope Market Analysis and Outlook To 2032
10.1 Introduction to Asia Pacific Steel Wire Rope and Plastic Rope Markets in 2024
10.2 Asia Pacific Steel Wire Rope and Plastic Rope Market Size Outlook by Country, 2021-2032
10.2.1 China
10.2.2 India
10.2.3 Japan
10.2.4 South Korea
10.2.5 Indonesia
10.2.6 Malaysia
10.2.7 Australia
10.2.8 Rest of Asia Pacific
10.3 Asia Pacific Steel Wire Rope and Plastic Rope Market size Outlook by Segments, 2021-2032
By Type of Lay
Regular Lay
Lang Lay
By Material
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
By Application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial & Crane
Mining
Construction
Others
11 South America Steel Wire Rope and Plastic Rope Market Analysis and Outlook To 2032
11.1 Introduction to South America Steel Wire Rope and Plastic Rope Markets in 2024
11.2 South America Steel Wire Rope and Plastic Rope Market Size Outlook by Country, 2021-2032
11.2.1 Brazil
11.2.2 Argentina
11.2.3 Rest of South America
11.3 South America Steel Wire Rope and Plastic Rope Market size Outlook by Segments, 2021-2032
By Type of Lay
Regular Lay
Lang Lay
By Material
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
By Application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial & Crane
Mining
Construction
Others
12 Middle East and Africa Steel Wire Rope and Plastic Rope Market Analysis and Outlook To 2032
12.1 Introduction to Middle East and Africa Steel Wire Rope and Plastic Rope Markets in 2024
12.2 Middle East and Africa Steel Wire Rope and Plastic Rope Market Size Outlook by Country, 2021-2032
12.2.1 Saudi Arabia
12.2.2 UAE
12.2.3 Oman
12.2.4 Rest of Middle East
12.2.5 Egypt
12.2.6 Nigeria
12.2.7 South Africa
12.2.8 Rest of Africa
12.3 Middle East and Africa Steel Wire Rope and Plastic Rope Market size Outlook by Segments, 2021-2032
By Type of Lay
Regular Lay
Lang Lay
By Material
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
By Application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial & Crane
Mining
Construction
Others
13 Company Profiles
13.1 Company Snapshot
13.2 SWOT Profiles
13.3 Products and Services
13.4 Recent Developments
13.5 Financial Profile
Bekaert SA
Cortland Ltd
Samson Rope Technologies
Southern Ropes and English Braids Ltd
Teufelberger Holding AG
Usha Martin and Gustav Wolf
WireCo WorldGroup Inc
14 Appendix
14.1 Customization Offerings
14.2 Subscription Services
14.3 Related Reports
14.4 Publisher Expertise
By Type of Lay
Regular Lay
Lang Lay
By Material
Polypropylene
Polyester
Nylon
HMPE
Specialty Fibers
By Application
Marine & Fishing
Sports & Leisure
Oil & Gas
Industrial & Crane
Mining
Construction
Others
Countries Analyzed
North America (US, Canada, Mexico)
Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Australia, South East Asia, Rest of Asia)
South America (Brazil, Argentina, Rest of South America)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East, South Africa, Egypt, Rest of Africa)
Global Steel Wire Rope and Plastic Rope Market Size is valued at $16.2 Billion in 2024 and is forecast to register a growth rate (CAGR) of 8.1% to reach $30.2 Billion by 2032.
Emerging Markets across Asia Pacific, Europe, and Americas present robust growth prospects.
Bekaert SA, Cortland Ltd, Samson Rope Technologies, Southern Ropes and English Braids Ltd, Teufelberger Holding AG, Usha Martin and Gustav Wolf, WireCo WorldGroup Inc
Base Year- 2023; Estimated Year- 2024; Historic Period- 2018-2023; Forecast period- 2024 to 2032; Currency: Revenue (USD); Volume