Market Overview:
The global elevator ropes 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 elevators, especially in developing countries. Additionally, the growing awareness about safety and security is also propelling the demand for elevators, which in turn is fueling the growth of the elevator ropes market. The global elevator ropes market can be segmented on the basis of type into fiber core (FC) and independent wire rope core (IWRC). The FC segment is expected to dominate the global elevator ropes market duringthe forecast period owing to its high strength-to-weight ratio and durability. On account of their low weight and high strength, IWRC ropes are increasingly being used in modern elevators such as MRLs and hydraulic elevators.
Product Definition:
Elevator ropes are the thick wires or cables that are used to raise and lower an elevator car. They are typically made of metal, but can also be made of other materials such as fiberglass. Elevator ropes play an important role in safely moving people up and down in an elevator car.
Fiber Core (FC):
Fiber core is a new term in the rope industry. It was introduced to differentiate high-performance fiber ropes from those made of synthetic fibers and polyester. Fiber core material has better strength, less weight, and more abrasion resistance than other materials used for making ropes such as nylon or polyester.
The primary function of an elevator rope is to provide safety equipment for moving loads between floors of a building structure.
Independent Wire Rope Core (IWRC):
IWRC is a special core used in the manufacturing of elevator ropes. It helps to increase the strength and durability of rope, by making it less prone to absorb energy from impacting objects. IWRC can be manufactured using various raw materials such as polyester, aramid fibers and steel wire among others. The selection of these raw materials depends on properties that are required in ropes such as high impact resistance, high strength or low weight among others.
Application Insights:
The global demand for machine room (MR) elevator ropes is expected to witness growth at a CAGR of XX% from 2018 to 2030 owing to the increasing construction activities in developing countries, such as China and India. In addition, MR ropes are used in various applications including oil & gas industry, chemical plants and refineries, pulp & paper industry among others.
Hydraulic Elevator ropes market is driven by the growing construction activities across emerging economies coupled with high utilization of these types of elevators in mining operations and other industries that require high-performance materials for their equipment operation life cycle maintenance cost reduction innovation improvement.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has witnessed a significant rise in construction activities owing to rapid urbanization and growing population, which has resulted in increased demand for elevators. Furthermore, increasing government spending on infrastructure development projects is anticipated to drive regional growth over the coming years.
The European market was valued at USD X million in 2017 and is projected to witness steady growth from 2018 to 2030 due of high demand for technologically advanced products coupled with stringent safety norms implemented by regulatory bodies such as elevator industry association ETI (Elevator Technology Institute) based out of Switzerland that test elevators rope systems under extreme climatic conditions such as wind speed & direction, temperature & humidity etc., thereby driving product adoption across countries including Germany, U.K.
Growth Factors:
- Elevator ropes are used in a wide range of applications, which is driving the market growth.
- The elevator ropes market is witnessing technological advancements that are helping to increase the efficiency and performance of elevator ropes.
- Growing demand for elevators and escalators in commercial and residential buildings is fueling the growth of the elevator ropes market.
- Stringent safety norms for elevators are resulting in increased adoption of high-quality elevator ropes, thereby propelling the market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Elevator Ropes Market Research Report
By Type
Fiber Core (FC), Independent Wire Rope Core (IWRC)
By Application
Machine Room (MR) Elevator, Machine Room Less (MRL) Elevator, Hydraulic Elevator
By Companies
BRUGG Lifting AG, WireCo World Group, Gustav Wolf GmbH, Bharat Wire Ropes Limited, PFEIFER DRAKO Drahtseilwerk GmbH, Usha Martin, Tokyo Rope Mfg. Co. Ltd., Alps Wire Rope Corporation, Jiangsu Safety Steel Wire Rope Co., Ltd, Loos & Co. Inc., Mak Kee International H.K. Limited, Santini Funi Srl, KISWIRE LTD, DSR, Bekaert
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
130
Number of Tables & Figures
91
Customization Available
Yes, the report can be customized as per your need.
Global Elevator Ropes Market Report Segments:
The global Elevator Ropes market is segmented on the basis of:
Types
Fiber Core (FC), Independent Wire Rope Core (IWRC)
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
Machine Room (MR) Elevator, Machine Room Less (MRL) Elevator, Hydraulic Elevator
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 Lifting AG
- WireCo World Group
- Gustav Wolf GmbH
- Bharat Wire Ropes Limited
- PFEIFER DRAKO Drahtseilwerk GmbH
- Usha Martin
- Tokyo Rope Mfg. Co. Ltd.
- Alps Wire Rope Corporation
- Jiangsu Safety Steel Wire Rope Co., Ltd
- Loos & Co. Inc.
- Mak Kee International H.K. Limited
- Santini Funi Srl
- KISWIRE LTD
- DSR
- Bekaert
Highlights of The Elevator Ropes 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:
- Fiber Core (FC)
- Independent Wire Rope Core (IWRC)
- By Application:
- Machine Room (MR) Elevator
- Machine Room Less (MRL) Elevator
- Hydraulic Elevator
- 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 Ropes 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.
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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 ropes are a type of safety line used in elevators to prevent accidents. They are made from strong, durable materials and typically have a length of around 100 feet.
Some of the key players operating in the elevator ropes market are BRUGG Lifting AG, WireCo World Group, Gustav Wolf GmbH, Bharat Wire Ropes Limited, PFEIFER DRAKO Drahtseilwerk GmbH, Usha Martin, Tokyo Rope Mfg. Co. Ltd., Alps Wire Rope Corporation, Jiangsu Safety Steel Wire Rope Co., Ltd, Loos & Co. Inc., Mak Kee International H.K. Limited, Santini Funi Srl, KISWIRE LTD, DSR, Bekaert.
The elevator ropes 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 Elevator Ropes 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 Elevator Ropes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Elevator Ropes 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 Elevator Ropes 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 Elevator Ropes Market Size & Forecast, 2018-2028
4.5.1 Elevator Ropes Market Size and Y-o-Y Growth
4.5.2 Elevator Ropes Market Absolute $ Opportunity
Chapter 5 Global Elevator Ropes 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 Elevator Ropes Market Size Forecast by Type
5.2.1 Fiber Core (FC)
5.2.2 Independent Wire Rope Core (IWRC)
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Elevator Ropes 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 Elevator Ropes Market Size Forecast by Applications
6.2.1 Machine Room (MR) Elevator
6.2.2 Machine Room Less (MRL) Elevator
6.2.3 Hydraulic Elevator
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Elevator Ropes 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 Elevator Ropes 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 Elevator Ropes Analysis and Forecast
9.1 Introduction
9.2 North America Elevator Ropes 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 Elevator Ropes Market Size Forecast by Type
9.6.1 Fiber Core (FC)
9.6.2 Independent Wire Rope Core (IWRC)
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 Elevator Ropes Market Size Forecast by Applications
9.10.1 Machine Room (MR) Elevator
9.10.2 Machine Room Less (MRL) Elevator
9.10.3 Hydraulic Elevator
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 Elevator Ropes Analysis and Forecast
10.1 Introduction
10.2 Europe Elevator Ropes 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 Elevator Ropes Market Size Forecast by Type
10.6.1 Fiber Core (FC)
10.6.2 Independent Wire Rope Core (IWRC)
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 Elevator Ropes Market Size Forecast by Applications
10.10.1 Machine Room (MR) Elevator
10.10.2 Machine Room Less (MRL) Elevator
10.10.3 Hydraulic Elevator
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 Elevator Ropes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Elevator Ropes 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 Elevator Ropes Market Size Forecast by Type
11.6.1 Fiber Core (FC)
11.6.2 Independent Wire Rope Core (IWRC)
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 Elevator Ropes Market Size Forecast by Applications
11.10.1 Machine Room (MR) Elevator
11.10.2 Machine Room Less (MRL) Elevator
11.10.3 Hydraulic Elevator
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 Elevator Ropes Analysis and Forecast
12.1 Introduction
12.2 Latin America Elevator Ropes 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 Elevator Ropes Market Size Forecast by Type
12.6.1 Fiber Core (FC)
12.6.2 Independent Wire Rope Core (IWRC)
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 Elevator Ropes Market Size Forecast by Applications
12.10.1 Machine Room (MR) Elevator
12.10.2 Machine Room Less (MRL) Elevator
12.10.3 Hydraulic Elevator
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) Elevator Ropes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Elevator Ropes 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) Elevator Ropes Market Size Forecast by Type
13.6.1 Fiber Core (FC)
13.6.2 Independent Wire Rope Core (IWRC)
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) Elevator Ropes Market Size Forecast by Applications
13.10.1 Machine Room (MR) Elevator
13.10.2 Machine Room Less (MRL) Elevator
13.10.3 Hydraulic Elevator
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 Elevator Ropes Market: Competitive Dashboard
14.2 Global Elevator Ropes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 BRUGG Lifting AG
14.3.2 WireCo World Group
14.3.3 Gustav Wolf GmbH
14.3.4 Bharat Wire Ropes Limited
14.3.5 PFEIFER DRAKO Drahtseilwerk GmbH
14.3.6 Usha Martin
14.3.7 Tokyo Rope Mfg. Co. Ltd.
14.3.8 Alps Wire Rope Corporation
14.3.9 Jiangsu Safety Steel Wire Rope Co., Ltd
14.3.10 Loos & Co. Inc.
14.3.11 Mak Kee International H.K. Limited
14.3.12 Santini Funi Srl
14.3.13 KISWIRE LTD
14.3.14 DSR
14.3.15 Bekaert
