The global elevator wire rope market is expected to grow at a CAGR of 3.5% during the forecast period, to reach USD 2.2 billion by 2030. The traction elevators segment is expected to account for the largest share of the market in terms of revenue, followed by hydraulic elevators and machine room less (MRL) elevators segments respectively. North America is expected to account for the largest share of the global elevator wire rope market in terms of revenue, followed by Europe and Asia Pacific respectively.
- The global Elevator Wire Rope market is expected to grow at a CAGR of 3.5% during the forecast period, 2018-2025.
- The growth of the global Elevator Wire Rope market is driven by factors such as increasing demand for high-rise buildings and increasing population in developing countries such as India and China.
- Increasing demand for elevators in residential buildings is also driving the growth of the global Elevator Wire Rope market.
- Increasing urbanization and industrialization are also driving the growth of the global Elevator Wire Rope market.
- The major restraining factor for this industry is lack of skilled labor.
Industry Growth Insights published a new data on “Elevator Wire Rope Market”. The research report is titled “Elevator Wire Rope Market research by Types (Hoist ropes, Governor ropes, Compensating ropes), By Applications (Traction elevators, Hydraulic elevators, Machine Room Less (MRL)), By Players/Companies Brugg, Gustav Wolf GmbH, Pfeifer DRAKO, Usha Martin, Alps Wire Rope Corporation, Bharat Wire Ropes, Wirerope Works, Wire Rope Works Messilot, Santini funi srl, Mak Kee, TOHO-RONGKEE NANTONG WIRE ROPE, Tokyo Rope, TIANJIN METALLURGY GROUP, Jiangsu Safety Steel Wire Rope, Tianjin Goldsun Wire Rope, China Fengxiang Hardware Limited”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator Wire Rope Market Research Report
By Type
Hoist ropes, Governor ropes, Compensating ropes
By Application
Traction elevators, Hydraulic elevators, Machine Room Less (MRL)
By Companies
Brugg, Gustav Wolf GmbH, Pfeifer DRAKO, Usha Martin, Alps Wire Rope Corporation, Bharat Wire Ropes, Wirerope Works, Wire Rope Works Messilot, Santini funi srl, Mak Kee, TOHO-RONGKEE NANTONG WIRE ROPE, Tokyo Rope, TIANJIN METALLURGY GROUP, Jiangsu Safety Steel Wire Rope, Tianjin Goldsun Wire Rope, China Fengxiang Hardware Limited
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
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Elevator Wire Rope Market Report Segments:
The global Elevator Wire Rope market is segmented on the basis of:
Types
Hoist ropes, Governor ropes, Compensating ropes
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
Traction elevators, Hydraulic elevators, Machine Room Less (MRL)
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:
- Brugg
- Gustav Wolf GmbH
- Pfeifer DRAKO
- Usha Martin
- Alps Wire Rope Corporation
- Bharat Wire Ropes
- Wirerope Works
- Wire Rope Works Messilot
- Santini funi srl
- Mak Kee
- TOHO-RONGKEE NANTONG WIRE ROPE
- Tokyo Rope
- TIANJIN METALLURGY GROUP
- Jiangsu Safety Steel Wire Rope
- Tianjin Goldsun Wire Rope
- China Fengxiang Hardware Limited
Highlights of The Elevator 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:
- Hoist ropes
- Governor ropes
- Compensating ropes
- By Application:
- Traction elevators
- Hydraulic elevators
- Machine Room Less (MRL)
- 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 Elevator 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?
Elevator wire rope is a type of safety cable used in elevators. It consists of a core of steel wires encased in plastic or other insulation, with each wire covered by a protective sheath. When an elevator cable breaks, the metal wires will cut through the insulation and cause serious injury to anyone caught in the path of the falling pieces. Elevator wire rope is designed to prevent this from happening by providing instant protection for those inside an elevator when it fails
Some of the key players operating in the elevator wire rope market are Brugg, Gustav Wolf GmbH, Pfeifer DRAKO, Usha Martin, Alps Wire Rope Corporation, Bharat Wire Ropes, Wirerope Works, Wire Rope Works Messilot, Santini funi srl, Mak Kee, TOHO-RONGKEE NANTONG WIRE ROPE, Tokyo Rope, TIANJIN METALLURGY GROUP, Jiangsu Safety Steel Wire Rope, Tianjin Goldsun Wire Rope, China Fengxiang Hardware Limited.
The elevator wire rope market is expected to grow at a compound annual growth rate of 3.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Elevator 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. Elevator 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. Elevator Wire Rope Market - Supply Chain
4.5. Global Elevator Wire Rope Market Forecast
4.5.1. Elevator Wire Rope Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Elevator Wire Rope Market Size (000 Units) and Y-o-Y Growth
4.5.3. Elevator Wire Rope Market Absolute $ Opportunity
5. Global Elevator 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. Elevator Wire Rope Market Size and Volume Forecast by Type
5.3.1. Hoist ropes
5.3.2. Governor ropes
5.3.3. Compensating ropes
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Elevator 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. Elevator Wire Rope Market Size and Volume Forecast by Application
6.3.1. Traction elevators
6.3.2. Hydraulic elevators
6.3.3. Machine Room Less (MRL)
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Elevator 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. Elevator 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 Elevator 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. Elevator 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 Elevator Wire Rope Demand Share Forecast, 2019-2026
9. North America Elevator 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 Elevator 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 Elevator Wire Rope Market Size and Volume Forecast by Application
9.4.1. Traction elevators
9.4.2. Hydraulic elevators
9.4.3. Machine Room Less (MRL)
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Elevator Wire Rope Market Size and Volume Forecast by Type
9.7.1. Hoist ropes
9.7.2. Governor ropes
9.7.3. Compensating ropes
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 Elevator Wire Rope Demand Share Forecast, 2019-2026
10. Latin America Elevator 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 Elevator 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 Elevator Wire Rope Market Size and Volume Forecast by Application
10.4.1. Traction elevators
10.4.2. Hydraulic elevators
10.4.3. Machine Room Less (MRL)
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Elevator Wire Rope Market Size and Volume Forecast by Type
10.7.1. Hoist ropes
10.7.2. Governor ropes
10.7.3. Compensating ropes
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 Elevator Wire Rope Demand Share Forecast, 2019-2026
11. Europe Elevator 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 Elevator 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 Elevator Wire Rope Market Size and Volume Forecast by Application
11.4.1. Traction elevators
11.4.2. Hydraulic elevators
11.4.3. Machine Room Less (MRL)
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Elevator Wire Rope Market Size and Volume Forecast by Type
11.7.1. Hoist ropes
11.7.2. Governor ropes
11.7.3. Compensating ropes
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 Elevator Wire Rope Demand Share, 2019-2026
12. Asia Pacific Elevator 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 Elevator 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 Elevator Wire Rope Market Size and Volume Forecast by Application
12.4.1. Traction elevators
12.4.2. Hydraulic elevators
12.4.3. Machine Room Less (MRL)
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Elevator Wire Rope Market Size and Volume Forecast by Type
12.7.1. Hoist ropes
12.7.2. Governor ropes
12.7.3. Compensating ropes
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 Elevator Wire Rope Demand Share, 2019-2026
13. Middle East & Africa Elevator 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 Elevator 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 Elevator Wire Rope Market Size and Volume Forecast by Application
13.4.1. Traction elevators
13.4.2. Hydraulic elevators
13.4.3. Machine Room Less (MRL)
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Elevator Wire Rope Market Size and Volume Forecast by Type
13.7.1. Hoist ropes
13.7.2. Governor ropes
13.7.3. Compensating ropes
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 Elevator Wire Rope Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Elevator Wire Rope Market: Market Share Analysis
14.2. Elevator Wire Rope Distributors and Customers
14.3. Elevator Wire Rope Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Brugg
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Gustav Wolf GmbH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pfeifer DRAKO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Usha Martin
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Alps Wire Rope Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Bharat Wire Ropes
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Wirerope Works
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Wire Rope Works Messilot
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Santini funi srl
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Mak Kee
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. TOHO-RONGKEE NANTONG WIRE ROPE
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Tokyo 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. TIANJIN METALLURGY GROUP
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Jiangsu Safety Steel Wire Rope
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Tianjin Goldsun Wire Rope
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. China Fengxiang Hardware Limited
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
