Market Overview:
The global metal rope socket components market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for metal rope socket components from various end-use industries such as manufacturing, construction, automotive and others. The global metal rope socket components market has been segmented on the basis of type, application and region. On the basis of type, the market has been segmented into open spelter sockets and closed spelter sockets. Closed spelter sockets are expected to witness higher growth rates during the forecast period as compared to open spelter sockets owing to their properties such as high strength-to-weight ratio and corrosion resistance. On the basis of application, the market has been segmented into manufacturing, construction automotive and others).
Product Definition:
Metal rope sockets are components that are used to join two metal ropes together. They are typically made of brass or steel and have a threaded hole in the center that allows them to be attached to the ropes. Metal rope sockets are important because they provide a secure connection between the two ropes and help prevent them from slipping apart.
Open Spelter Socket:
Open spelter socket is an assembly of metal and plastic parts that are used in metal rope sockets. It’s a type of construction used to make the connection between the rope and pulley system. The product has several advantages such as it can be easily installed, removed, or replaced without any hassle which makes it user-friendly. Also, these products have durability issues due to which they require replacement less frequently thus reducing maintenance cost significantly over time.
Closed Spelter Socket:
Closed spelter socket is a special type of metal alloy which is used in metal rope socket components. It has high electrical and mechanical properties such as corrosion resistance, fatigue strength, hardness along with low expansion and contraction. The closed spelter sockets are manufactured by mixing different metals such as tungsten, chromium, molybdenum and carbon in appropriate proportion to obtain the desired characteristics.
Application Insights:
The manufacturing application segment led the global metal rope socket components market and accounted for more than 35.0% share of the total revenue in 2017. Metal ropes are widely used in several applications within manufacturing industry including electric motors, construction equipment, mining machinery and oil & gas platforms among others. The product is majorly used as a replacement part or repair solution to fix broken down or worn out parts of these machines owing to its high durability and resistance towards corrosion & abrasion.
Rope sockets are also widely used across several industries including marine, agriculture, energy generation & transmission among others owing to their ability to resist extreme pressure without getting damaged or deformed even after prolonged exposure to harsh environments such as high temperature and corrosion prone areas along with low maintenance cost which reduces overall operating cost resulting in lower prices charged by manufacturers for their products which eventually benefits end-users thereby driving the demand further over the projected period of time.
Regional Analysis:
Asia Pacific dominated the global metal rope socket components market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing construction and infrastructure activities coupled with rapid industrialization in countries such as China, India, and Japan. In addition, rising awareness regarding fire safety is projected to drive product demand over the coming years.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2017 on account of high product penetration rates observed in U.S., Canada, and Mexico coupled with growing manufacturing sector across these countries due to easy access to energy resources thereby boosting industry expansion over the past few years.
Growth Factors:
- Increasing demand for metal rope socket components in the automotive and construction industries due to their high strength-to-weight ratio and corrosion resistance.
- Growing popularity of metal rope socket components in the rigging and marine industries due to their superior performance characteristics over traditional fasteners such as screws, bolts, and nails.
- Rising demand for metal rope socket components in the electrical wiring industry as they are non-conductive and help reduce fire hazards.
- Technological advancements that have led to the development of new types of metal rope socket components with enhanced performance characteristics, such as greater strength or corrosion resistance.
Scope Of The Report
Report Attributes
Report Details
Report Title
Metal Rope Socket Components Market Research Report
By Type
Open Spelter Socket, Closed Spelter Socket, Others
By Application
Manufacturing, Construction, Automotive, Others
By Companies
Nemag, Gunnebo Industries, Certex, Wuxi City Xinhua Lifting Equipment, Solar, AUZAC, Lftdd, Pfeifer, Juli Sling, GN Rope Fittings
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
233
Number of Tables & Figures
164
Customization Available
Yes, the report can be customized as per your need.
Global Metal Rope Socket Components Market Report Segments:
The global Metal Rope Socket Components market is segmented on the basis of:
Types
Open Spelter Socket, Closed Spelter Socket, 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
Manufacturing, Construction, Automotive, 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:
- Nemag
- Gunnebo Industries
- Certex
- Wuxi City Xinhua Lifting Equipment
- Solar
- AUZAC
- Lftdd
- Pfeifer
- Juli Sling
- GN Rope Fittings
Highlights of The Metal Rope Socket Components 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:
- Open Spelter Socket
- Closed Spelter Socket
- Others
- By Application:
- Manufacturing
- Construction
- Automotive
- 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 Metal Rope Socket Components 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?
Metal Rope Socket Components are used to secure metal ropes in a variety of applications. They come in a variety of shapes and sizes, and can be made from a variety of metals.
Some of the major players in the metal rope socket components market are Nemag, Gunnebo Industries, Certex, Wuxi City Xinhua Lifting Equipment, Solar, AUZAC, Lftdd, Pfeifer, Juli Sling, GN Rope Fittings.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Metal Rope Socket Components 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 Metal Rope Socket Components Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Metal Rope Socket Components 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 Metal Rope Socket Components 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 Metal Rope Socket Components Market Size & Forecast, 2020-2028
4.5.1 Metal Rope Socket Components Market Size and Y-o-Y Growth
4.5.2 Metal Rope Socket Components 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 Open Spelter Socket
5.2.2 Closed Spelter Socket
5.2.3 Others
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 Manufacturing
6.2.2 Construction
6.2.3 Automotive
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Metal Rope Socket Components 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 Metal Rope Socket Components 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 Open Spelter Socket
9.6.2 Closed Spelter Socket
9.6.3 Others
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 Manufacturing
9.10.2 Construction
9.10.3 Automotive
9.10.4 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 Open Spelter Socket
10.6.2 Closed Spelter Socket
10.6.3 Others
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 Manufacturing
10.10.2 Construction
10.10.3 Automotive
10.10.4 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 Open Spelter Socket
11.6.2 Closed Spelter Socket
11.6.3 Others
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 Manufacturing
11.10.2 Construction
11.10.3 Automotive
11.10.4 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 Open Spelter Socket
12.6.2 Closed Spelter Socket
12.6.3 Others
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 Manufacturing
12.10.2 Construction
12.10.3 Automotive
12.10.4 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 Open Spelter Socket
13.6.2 Closed Spelter Socket
13.6.3 Others
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 Manufacturing
13.10.2 Construction
13.10.3 Automotive
13.10.4 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 Metal Rope Socket Components Market: Competitive Dashboard
14.2 Global Metal Rope Socket Components Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Nemag
14.3.2 Gunnebo Industries
14.3.3 Certex
14.3.4 Wuxi City Xinhua Lifting Equipment
14.3.5 Solar
14.3.6 AUZAC
14.3.7 Lftdd
14.3.8 Pfeifer
14.3.9 Juli Sling
14.3.10 GN Rope Fittings
