Market Overview:
The global electric traction rope market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for electric traction ropes in various applications, such as power construction laying out, telecom construction laying out, and others. Additionally, the growing demand for dyneema tow ropes is also contributing to the growth of the global electric traction rope market. However, factors such as high installation and replacement costs may restrain the growth of this market during the forecast period. On basis of type, dyneema tow ropes are expected to witness highest growth rate during forecast period owing to its properties such as light weight and high strength-to-weight ratio which makes it suitable for use in various applications including power construction laying out and telecom construction laying out among others.
Product Definition:
Electric Traction rope is a cable that helps power electric locomotives. It is important because it helps provide the locomotive with the power it needs to move.
Dyneema Towing Rope:
Dyneema Towing Rope is a unique synthetic fiber, produced from the polymerization of para-aramid. Dyneema has superior properties such as high strength, low weight, and excellent resistance to abrasion. It also has a high breaking strain and good elongation recovery making it ideal for use in trawl nets or fish traps.
The global dyneema towing rope market size was valued at USD 537 million in 2015.
DuPont Wire Traction Rope:
DuPont wire traction rope and it's usage in the Electric Traction Rope market is a new technology that has evolved over time. The basic principle on which this system operates is based on the fact that when an electric current is passed through a strong enough magnetic field, the magnetic particles in the rope begin to move along with it. This movement of particles creates tension in the wire, which can be used to lift heavy weights off ground.
Application Insights:
The power construction laying out application segment led the global electric traction rope market in 2017. This is attributed to increasing demand for power generation and transmission infrastructure across the globe. The growth of this industry is also likely to fuel product demand over the next few years. In terms of revenue, this segment is anticipated to ascend at a CAGR of XX% from 2018 to 2030 during the forecast period.
Telecom construction laying out application accounted for a significant share in 2017 and was valued at USD 636 million that year owing to rapid industrialization, especially in developing regions such as Asia Pacific and Latin America where there has been an upsurge in telecom subscriptions over recent years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to witness a CAGR of XX% during the forecast period. Increasing demand for electric traction ropes from construction and telecom applications is likely to drive regional growth. Moreover, presence of major players such as 3M; E-Z-GO; and Diversey, Inc.
Asia Pacific is anticipated to be one of the fastest growing regions during the same period owing to increasing number infrastructure projects across various sectors such as power, oil & gas, transportation etc., especially in China and India.
The Middle East & Africa market was valued at USD X million in 2017 and is projected grow at a significant rate over the forecast years due towards rapid development taking place across several countries including UAE; Qatar; Saudi Arabia; Egypt etc.
Growth Factors:
- Increasing demand for electric traction rope from the automotive and transportation sector as it offers high performance and efficiency.
- Growing popularity of electric vehicles which is expected to boost the demand for electric traction ropes in the coming years.
- Rising investments in research and development activities by key players to develop innovative products that can cater to the needs of consumers.
- Proliferation of online retail platforms that offer a wide range of electric traction ropes at competitive prices, thereby aiding in market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Electric Traction Rope Market Research Report
By Type
Dyneema Towing Rope, DuPont Wire Traction Rope
By Application
Power Construction Laying Out, Telecom Construction Laying Out, Others
By Companies
Yangzhou Ruiguang Electric Power Equipment Co., Ltd., Dongguan Shenyuan Thread Industry Co., Ltd., Jiangsu Huasheng Rope Co., Ltd., Taizhou Development Zone Jinda Electric Appliance Co., Ltd., Yangzhou Juquan Electric Machinery Co., Ltd., Taizhou Jianghua Power Equipment Co., Ltd.
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 Electric Traction Rope Market Report Segments:
The global Electric Traction Rope market is segmented on the basis of:
Types
Dyneema Towing Rope, DuPont Wire Traction Rope
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
Power Construction Laying Out, Telecom Construction Laying Out, 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:
- Yangzhou Ruiguang Electric Power Equipment Co., Ltd.
- Dongguan Shenyuan Thread Industry Co., Ltd.
- Jiangsu Huasheng Rope Co., Ltd.
- Taizhou Development Zone Jinda Electric Appliance Co., Ltd.
- Yangzhou Juquan Electric Machinery Co., Ltd.
- Taizhou Jianghua Power Equipment Co., Ltd.
Highlights of The Electric Traction 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:
- Dyneema Towing Rope
- DuPont Wire Traction Rope
- By Application:
- Power Construction Laying Out
- Telecom Construction Laying Out
- 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 Electric Traction 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?
Electric traction rope is a type of safety line used to secure objects or people in high-risk areas. It is made up of multiple, thin wires that are powered by an electric motor. When the motor is activated, the wires pull on the object or person they are attached to, providing a safe and secure connection.
Some of the key players operating in the electric traction rope market are Yangzhou Ruiguang Electric Power Equipment Co., Ltd., Dongguan Shenyuan Thread Industry Co., Ltd., Jiangsu Huasheng Rope Co., Ltd., Taizhou Development Zone Jinda Electric Appliance Co., Ltd., Yangzhou Juquan Electric Machinery Co., Ltd., Taizhou Jianghua Power Equipment Co., Ltd..
The electric traction rope market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Electric Traction Rope Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Electric Traction Rope Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Electric Traction Rope Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Electric Traction Rope Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Electric Traction Rope Market Size & Forecast, 2020-2028
4.5.1 Electric Traction Rope Market Size and Y-o-Y Growth
4.5.2 Electric Traction Rope Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dyneema Towing Rope
5.2.2 DuPont Wire Traction Rope
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Power Construction Laying Out
6.2.2 Telecom Construction Laying Out
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Electric Traction Rope Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Electric Traction Rope Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dyneema Towing Rope
9.6.2 DuPont Wire Traction Rope
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Power Construction Laying Out
9.10.2 Telecom Construction Laying Out
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dyneema Towing Rope
10.6.2 DuPont Wire Traction Rope
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Power Construction Laying Out
10.10.2 Telecom Construction Laying Out
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dyneema Towing Rope
11.6.2 DuPont Wire Traction Rope
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Power Construction Laying Out
11.10.2 Telecom Construction Laying Out
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dyneema Towing Rope
12.6.2 DuPont Wire Traction Rope
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Power Construction Laying Out
12.10.2 Telecom Construction Laying Out
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dyneema Towing Rope
13.6.2 DuPont Wire Traction Rope
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Power Construction Laying Out
13.10.2 Telecom Construction Laying Out
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Electric Traction Rope Market: Competitive Dashboard
14.2 Global Electric Traction Rope Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Yangzhou Ruiguang Electric Power Equipment Co., Ltd.
14.3.2 Dongguan Shenyuan Thread Industry Co., Ltd.
14.3.3 Jiangsu Huasheng Rope Co., Ltd.
14.3.4 Taizhou Development Zone Jinda Electric Appliance Co., Ltd.
14.3.5 Yangzhou Juquan Electric Machinery Co., Ltd.
14.3.6 Taizhou Jianghua Power Equipment Co., Ltd.
