Market Overview:
The global rotation resistant 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 rotation resistant wire ropes in various applications, such as power pay-off construction, shaft lifting, and others. Additionally, the growing infrastructure development activities across the globe are also fueling the demand for rotation resistant wire ropes.
Product Definition:
Rotation resistant wire rope is a type of wire rope that has been designed to resist rotation, which can cause damage or failure. This type of wire rope is often used in applications where there is a high risk of rotation, such as wind turbines and cranes.
Square Section:
A square section is a cross-section of an ideal rectangle with sides equal in length. It is the simplest form of any shape and has no other dimension than its size. The area enclosed by a square section wire rope is proportional to the strength of the wire rope, i.e., for thin wires it will be high and for thick wires it will be low.
Hexagonal Cross Section:
Hexagonal cross-section is a shape that has six sides. It is usually used to make wire ropes for lifting and other mechanical purposes. Hexagonal cross section offers several advantages over round or oval shaped ropes, which can be used in rotation-resistant applications as they have greater strength to weight ratio.
Application Insights:
The power pay-off construction segment dominated the global market in 2017. This can be attributed to increasing demand for high strength steel from various industries such as oil & gas, energy, civil construction and transportation. Moreover, growing urbanization has resulted in increased number of power projects across the globe which is further anticipated to propel product demand over the forecast period.
Rising use of hexagonal cross section wire rope for lifting heavy objects such as machinery and equipment is expected to drive shaft lifting application growth over the forecast period. In addition, increasing use of electric powered winches coupled with technological advancements are projected to fuel industry expansion during this period.
Wire ropes find applications in a wide range of industries including mining (shaft), marine (lifts & platforms), automotive (lift trucks) and construction among others where high strength wires are required for demanding operations at height or on location above ground level where weight restrictions may apply or both vertical.
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 spending owing to rapid urbanization, which is anticipated to drive product demand. In addition, rising infrastructure activities across emerging economies such as China and India are likely to have a positive impact on industry growth.
The growing number of manufacturing facilities along with increasing investments in oil & gas exploration activities are also expected to fuel regional product demand over the forecast period. Rising awareness regarding workplace safety coupled with stringent regulations by regulatory bodies such as OSHA and ANSI for performing work at height is projected to further propel industry growth over the coming years.
In North America, power pay-off construction application segment accounted for more than 80% of revenue share in 2017 owing high investment made by consumers on power generation projects including wind farms and solar panels installations on residential buildings along with other commercial structures such as hospitals, schools etc.
Growth Factors:
- Increasing demand from the construction and infrastructure sectors
- Rising demand for wire rope in the mining and oil & gas industries
- Growing popularity of rotation resistant wire ropes in the marine industry
- Technological advancements in manufacturing processes
- Rising awareness about the benefits of using rotation resistant wire ropes
Scope Of The Report
Report Attributes
Report Details
Report Title
Rotation Resistant Wire Rope Market Research Report
By Type
Square Section, Hexagonal Cross Section
By Application
Power Pay-off Construction, Shaft Lifting, Others
By Companies
Condux Tesmec, Yixing Boyu Electric Machinery Co., Ltd., Ningbo Huaxiang Dongfang Electric Power Machinery Co., Ltd., Yangzhou Ruitong Power Machinery Manufacturing Co., Ltd., Yangzhou Juquan Electric Power Machinery Co., Ltd., Fasten Hongsheng Group, Katradis Group, Assembly Specialty Products, CHUNG WOO, Nobles, Camesa, Pacific Industrial Supply.
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
228
Number of Tables & Figures
160
Customization Available
Yes, the report can be customized as per your need.
Global Rotation Resistant Wire Rope Market Report Segments:
The global Rotation Resistant Wire Rope market is segmented on the basis of:
Types
Square Section, Hexagonal Cross Section
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 Pay-off Construction, Shaft Lifting, 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:
- Condux Tesmec
- Yixing Boyu Electric Machinery Co., Ltd.
- Ningbo Huaxiang Dongfang Electric Power Machinery Co., Ltd.
- Yangzhou Ruitong Power Machinery Manufacturing Co., Ltd.
- Yangzhou Juquan Electric Power Machinery Co., Ltd.
- Fasten Hongsheng Group
- Katradis Group
- Assembly Specialty Products
- CHUNG WOO
- Nobles
- Camesa
- Pacific Industrial Supply.
Highlights of The Rotation Resistant 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:
- Square Section
- Hexagonal Cross Section
- By Application:
- Power Pay-off Construction
- Shaft Lifting
- 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 Rotation Resistant 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?
Rotation resistant wire rope is a type of wire rope that is designed to resist rotation. This means that the wire rope will not twist or turn when it is in use, which can be helpful if you need the rope to stay straight while it's being used for a specific task.
Some of the major players in the rotation resistant wire rope market are Condux Tesmec, Yixing Boyu Electric Machinery Co., Ltd., Ningbo Huaxiang Dongfang Electric Power Machinery Co., Ltd., Yangzhou Ruitong Power Machinery Manufacturing Co., Ltd., Yangzhou Juquan Electric Power Machinery Co., Ltd., Fasten Hongsheng Group, Katradis Group, Assembly Specialty Products, CHUNG WOO, Nobles, Camesa, Pacific Industrial Supply..
The rotation resistant wire 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 Rotation Resistant Wire 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 Rotation Resistant Wire Rope Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Rotation Resistant Wire 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 Rotation Resistant Wire 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 Rotation Resistant Wire Rope Market Size & Forecast, 2020-2028
4.5.1 Rotation Resistant Wire Rope Market Size and Y-o-Y Growth
4.5.2 Rotation Resistant Wire 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 Square Section
5.2.2 Hexagonal Cross Section
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 Pay-off Construction
6.2.2 Shaft Lifting
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Rotation Resistant Wire 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 Rotation Resistant Wire 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 Square Section
9.6.2 Hexagonal Cross Section
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 Pay-off Construction
9.10.2 Shaft Lifting
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 Square Section
10.6.2 Hexagonal Cross Section
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 Pay-off Construction
10.10.2 Shaft Lifting
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 Square Section
11.6.2 Hexagonal Cross Section
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 Pay-off Construction
11.10.2 Shaft Lifting
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 Square Section
12.6.2 Hexagonal Cross Section
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 Pay-off Construction
12.10.2 Shaft Lifting
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 Square Section
13.6.2 Hexagonal Cross Section
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 Pay-off Construction
13.10.2 Shaft Lifting
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 Rotation Resistant Wire Rope Market: Competitive Dashboard
14.2 Global Rotation Resistant Wire Rope Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Condux Tesmec
14.3.2 Yixing Boyu Electric Machinery Co., Ltd.
14.3.3 Ningbo Huaxiang Dongfang Electric Power Machinery Co., Ltd.
14.3.4 Yangzhou Ruitong Power Machinery Manufacturing Co., Ltd.
14.3.5 Yangzhou Juquan Electric Power Machinery Co., Ltd.
14.3.6 Fasten Hongsheng Group
14.3.7 Katradis Group
14.3.8 Assembly Specialty Products
14.3.9 CHUNG WOO
14.3.10 Nobles
14.3.11 Camesa
14.3.12 Pacific Industrial Supply.
