Market Overview:
The global bright steel wire rope market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for bright steel wire ropes from various end-use industries, such as aerospace and defense, mining, and others. In terms of type, the fog ropes segment is projected to register the highest CAGR during the forecast period. This can be attributed to their growing demand in applications such as aerospace and defense due to their high tensile strength and low weight ratio as compared with other types of ropes.
Product Definition:
Bright steel wire rope is a type of wire rope that has been polished to a high luster. It is often used in applications where a high level of visibility is desired, such as in theatrical productions or for safety lines on construction sites. Bright steel wire rope can also be used for aesthetic purposes, such as in jewelry or sculpture.
Fog Ropes:
Fog ropes are made from high tenacity polypropylene fibers and have a low coefficient of friction. They are used for creating aerial mooring lines, ship-assist mooring, inland towing and recovery operations. Fog ropes also find application in the demobilization of battlefields as they do not carry away soil or rock particles which could prove to be hazardous post battle clearance operations.
Hard Ropes:
Hard ropes are made of special material which is more robust and less flexible as compared to the normal ones. They are used in various applications including shipbuilding, construction, oil rigs, mining and marine among others. The demand for hard ropes has been increasing over the past few years on account of their ability to provide better safety at high tension along with being less affected by the changes in weather conditions.
Application Insights:
The aerospace and defense application segment led the global bright steel wire rope market in 2017. The segment is projected to expand at a CAGR of XX% over the forecast period owing to increasing use of bright steel wires for manufacturing aircraft cables, ropes, tackle boxes and other components. In addition, rising demand from military aircraft manufacturers such as Airbus SE and Boeing Co., coupled with high utilization of aluminum alloys for manufacturing airframes is expected to propel product demand over the coming years.
The mining application segment accounted for a significant share in 2017 due to extensive use of products such as electrician¢â‚¬â„¢s cable, rock climbing rope and others in coal mines across China, Australia, South Africa along with other regional markets where coal mining activities are carried out extensively including Brazil and Indonesia.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia, Malaysia and Vietnam. Rapid growth of end-use industries such as construction and oil & gas in these countries has resulted in high demand for steel wires ropes from across various applications.
The presence of major mining nations such as Australia and South Africa coupled with increasing exploration activities are anticipated to drive product demand across North America over the forecast period. Growing use of steel wires ropes for infrastructure development projects along with stringent regulations on safety standards by regulatory bodies like OSHA is likely to further propel industry expansion over the next eight years.
Europe accounted for a significant share owing to large-scale production facilities established by prominent rope manufacturers across Germany, France Italy Turkey Ural Ropes Factory etc.
Growth Factors:
- Increasing demand from the construction and automotive industries
- Growing popularity of wire rope fencing for security purposes
- Rising use of wire rope in lifting and rigging applications
- Proliferation of advanced manufacturing technologies
- Growing demand for high-quality steel products
Scope Of The Report
Report Attributes
Report Details
Report Title
Bright Steel Wire Rope Market Research Report
By Type
Fog Ropes, Hard Ropes, Soft Ropes, Others
By Application
Aerospace and Defense, Mining, Others
By Companies
WireCo WorldGroup, Tokyo Rope, Kiswire, Certex UK, Usha Martin, BILCO, J-WITEX CORPORATION, Alps Wire Rope, Jiangsu Safety, Jiangsu Shenwang, Juli Sling, Guizhou Wire Rope
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Bright Steel Wire Rope Market Report Segments:
The global Bright Steel Wire Rope market is segmented on the basis of:
Types
Fog Ropes, Hard Ropes, Soft Ropes, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace and Defense, Mining, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- WireCo WorldGroup
- Tokyo Rope
- Kiswire
- Certex UK
- Usha Martin
- BILCO
- J-WITEX CORPORATION
- Alps Wire Rope
- Jiangsu Safety
- Jiangsu Shenwang
- Juli Sling
- Guizhou Wire Rope
Highlights of The Bright Steel Wire Rope Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Fog Ropes
- Hard Ropes
- Soft Ropes
- Others
- By Application:
- Aerospace and Defense
- Mining
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bright Steel Wire Rope Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bright steel wire rope is a type of wire rope made from high-quality, bright steel. It is often used in applications where durability and visibility are important, such as construction, maritime, and agricultural.
Some of the key players operating in the bright steel wire rope market are WireCo WorldGroup, Tokyo Rope, Kiswire, Certex UK, Usha Martin, BILCO, J-WITEX CORPORATION, Alps Wire Rope, Jiangsu Safety, Jiangsu Shenwang, Juli Sling, Guizhou Wire Rope.
The bright steel wire rope market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Bright Steel Wire Rope Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Bright Steel Wire Rope Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Bright Steel Wire Rope Market - Supply Chain
4.5. Global Bright Steel Wire Rope Market Forecast
4.5.1. Bright Steel Wire Rope Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Bright Steel Wire Rope Market Size (000 Units) and Y-o-Y Growth
4.5.3. Bright Steel Wire Rope Market Absolute $ Opportunity
5. Global Bright Steel Wire Rope Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Bright Steel Wire Rope Market Size and Volume Forecast by Type
5.3.1. Fog Ropes
5.3.2. Hard Ropes
5.3.3. Soft Ropes
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Bright Steel Wire Rope Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Bright Steel Wire Rope Market Size and Volume Forecast by Application
6.3.1. Aerospace and Defense
6.3.2. Mining
6.3.3. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Bright Steel Wire Rope Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Bright Steel Wire Rope Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Bright Steel Wire Rope Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Bright Steel Wire Rope Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Bright Steel Wire Rope Demand Share Forecast, 2019-2026
9. North America Bright Steel Wire Rope Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Bright Steel Wire Rope Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Bright Steel Wire Rope Market Size and Volume Forecast by Application
9.4.1. Aerospace and Defense
9.4.2. Mining
9.4.3. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Bright Steel Wire Rope Market Size and Volume Forecast by Type
9.7.1. Fog Ropes
9.7.2. Hard Ropes
9.7.3. Soft Ropes
9.7.4. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Bright Steel Wire Rope Demand Share Forecast, 2019-2026
10. Latin America Bright Steel Wire Rope Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Bright Steel Wire Rope Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Bright Steel Wire Rope Market Size and Volume Forecast by Application
10.4.1. Aerospace and Defense
10.4.2. Mining
10.4.3. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Bright Steel Wire Rope Market Size and Volume Forecast by Type
10.7.1. Fog Ropes
10.7.2. Hard Ropes
10.7.3. Soft Ropes
10.7.4. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Bright Steel Wire Rope Demand Share Forecast, 2019-2026
11. Europe Bright Steel Wire Rope Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Bright Steel Wire Rope Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Bright Steel Wire Rope Market Size and Volume Forecast by Application
11.4.1. Aerospace and Defense
11.4.2. Mining
11.4.3. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Bright Steel Wire Rope Market Size and Volume Forecast by Type
11.7.1. Fog Ropes
11.7.2. Hard Ropes
11.7.3. Soft Ropes
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9.Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Bright Steel Wire Rope Demand Share, 2019-2026
12. Asia Pacific Bright Steel Wire Rope Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Bright Steel Wire Rope Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Bright Steel Wire Rope Market Size and Volume Forecast by Application
12.4.1. Aerospace and Defense
12.4.2. Mining
12.4.3. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Bright Steel Wire Rope Market Size and Volume Forecast by Type
12.7.1. Fog Ropes
12.7.2. Hard Ropes
12.7.3. Soft Ropes
12.7.4. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Bright Steel Wire Rope Demand Share, 2019-2026
13. Middle East & Africa Bright Steel Wire Rope Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Bright Steel Wire Rope Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Bright Steel Wire Rope Market Size and Volume Forecast by Application
13.4.1. Aerospace and Defense
13.4.2. Mining
13.4.3. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Bright Steel Wire Rope Market Size and Volume Forecast by Type
13.7.1. Fog Ropes
13.7.2. Hard Ropes
13.7.3. Soft Ropes
13.7.4. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Bright Steel Wire Rope Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Bright Steel Wire Rope Market: Market Share Analysis
14.2. Bright Steel Wire Rope Distributors and Customers
14.3. Bright Steel Wire Rope Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. WireCo WorldGroup
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Tokyo Rope
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Kiswire
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Certex UK
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Usha Martin
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. BILCO
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. J-WITEX CORPORATION
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Alps Wire Rope
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jiangsu Safety
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Jiangsu Shenwang
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Juli Sling
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Guizhou Wire Rope
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
