Market Overview:
The global sheave wheels market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for cranes and other material handling equipment across various industries. In addition, the growing awareness about safety and efficiency in material handling is also contributing to the growth of this market. The global sheave wheels market can be segmented on the basis of type, application, and region. On the basis of type, the market can be divided into stainless steel wheels, plastic wheels, and other types. The plastic wheel segment is expected to grow at a higher CAGR than other segments during the forecast period owing to its properties such as corrosion resistance and lightweightness. On the basis of application, double girder crane trolley accounted for majority share in 2017 owing to its widespread use across various industries such as automotive, aerospace & defense etc.
Product Definition:
Sheave Wheels are devices that guide ropes or cables around pulleys. They are typically made from metal or plastic, and can be round or square in shape. Sheave Wheels play an important role in many machines and vehicles, including elevators, cars, and cranes.
Stainless Whells:
Stainless steel whells are used in the production of agricultural equipment such as sickle barrows, round balers, and rotary cultivators. The product is cost-effective and has a high strength to weight ratio which makes it ideal for use in these applications.
The global market for stainless steel wheels was valued at USD 1.34 billion in 2015.
Plastic Wheels:
Plastic wheels are made up of Polypropylene (PP), Polyethylene (PE), and polyvinyl chloride. These materials are widely used to manufacture wheels for use in the automotive industry, packaging industry, agriculture industry and construction equipment sector.
Application Insights:
The double girder crane trolley segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The product is widely used in this application as it provides support to the boom while reducing weight, increasing stability, and improving maneuverability.
The overhead crane segment was valued at USD 1,227.5 million in 2017 owing to its extensive use for lifting heavy loads high above the ground level or roof tops of buildings on-demand basis quickly and efficiently without any human assistance during construction activities such as renovation or new building erection projects. Moreover, growing demand from oil & gas industry for onshore & offshore platforms coupled with rising number of construction projects across various industries including mining is expected to propel growth over next few years.
Regional Analysis:
Asia Pacific dominated the global sheave wheels market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing infrastructure activities coupled with growing industrialization across emerging economies such as India, China, Indonesia, Vietnam and Thailand. Moreover, rising demand for electricity across developing countries of Asia Pacific is anticipated to drive the demand for electric traction equipment including sheave wheels in this region.
The construction industry in Europe has witnessed a significant recovery from the economic recession between 2008-09 and 2013-14 which had severely affected various sectors including civil engineering projects such as bridges & buildings. This resulted into increased spending on construction machinery including overhead cranes that would help complete several infrastructure projects at economical costs thereby driving product sales over the forecast period.
Growth Factors:
- Increasing demand from the construction and mining industries for sheave wheels as pulleys to lift and move heavy loads
- Growing popularity of sheave wheels in the agricultural sector for use in irrigation systems and other applications
- Technological advancements that have led to the development of new, more efficient designs for sheave wheels, increasing their appeal to consumers
- Rising global population, which is resulting in increased demand for goods and services that require transportation or movement via pulleys or ropes
- Growing awareness among consumers about the benefits of using sheave wheels over traditional pulley systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Sheave Wheels Market Research Report
By Type
Stainless Whells, Plastic Wheels, Other
By Application
Double Girder Crane Trolley, Overhead Cranes, Gantry and Portal Cranes, Transfer Cars, Other
By Companies
Drafto, Xtek, McKees Rocks Forgings, The Lifting Company, KEW Foundries, Dymot Engineering Company, Westley Plastics, TIS Manufacturing, Drafto
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
159
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Sheave Wheels Market Report Segments:
The global Sheave Wheels market is segmented on the basis of:
Types
Stainless Whells, Plastic Wheels, Other
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
Double Girder Crane Trolley, Overhead Cranes, Gantry and Portal Cranes, Transfer Cars, Other
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:
- Drafto
- Xtek
- McKees Rocks Forgings
- The Lifting Company
- KEW Foundries
- Dymot Engineering Company
- Westley Plastics
- TIS Manufacturing
- Drafto
Highlights of The Sheave Wheels 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:
- Stainless Whells
- Plastic Wheels
- Other
- By Application:
- Double Girder Crane Trolley
- Overhead Cranes
- Gantry and Portal Cranes
- Transfer Cars
- Other
- 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 Sheave Wheels 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
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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?
Sheave Wheels are a type of agricultural machinery used to move sheaves of grain.
Some of the major players in the sheave wheels market are Drafto, Xtek, McKees Rocks Forgings, The Lifting Company, KEW Foundries, Dymot Engineering Company, Westley Plastics, TIS Manufacturing, Drafto.
The sheave wheels 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 Sheave Wheels 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 Sheave Wheels Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Sheave Wheels 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 Sheave Wheels 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 Sheave Wheels Market Size & Forecast, 2020-2028
4.5.1 Sheave Wheels Market Size and Y-o-Y Growth
4.5.2 Sheave Wheels 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 Stainless Whells
5.2.2 Plastic Wheels
5.2.3 Other
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 Double Girder Crane Trolley
6.2.2 Overhead Cranes
6.2.3 Gantry and Portal Cranes
6.2.4 Transfer Cars
6.2.5 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Sheave Wheels 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 Sheave Wheels 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 Stainless Whells
9.6.2 Plastic Wheels
9.6.3 Other
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 Double Girder Crane Trolley
9.10.2 Overhead Cranes
9.10.3 Gantry and Portal Cranes
9.10.4 Transfer Cars
9.10.5 Other
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 Stainless Whells
10.6.2 Plastic Wheels
10.6.3 Other
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 Double Girder Crane Trolley
10.10.2 Overhead Cranes
10.10.3 Gantry and Portal Cranes
10.10.4 Transfer Cars
10.10.5 Other
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 Stainless Whells
11.6.2 Plastic Wheels
11.6.3 Other
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 Double Girder Crane Trolley
11.10.2 Overhead Cranes
11.10.3 Gantry and Portal Cranes
11.10.4 Transfer Cars
11.10.5 Other
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 Stainless Whells
12.6.2 Plastic Wheels
12.6.3 Other
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 Double Girder Crane Trolley
12.10.2 Overhead Cranes
12.10.3 Gantry and Portal Cranes
12.10.4 Transfer Cars
12.10.5 Other
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 Stainless Whells
13.6.2 Plastic Wheels
13.6.3 Other
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 Double Girder Crane Trolley
13.10.2 Overhead Cranes
13.10.3 Gantry and Portal Cranes
13.10.4 Transfer Cars
13.10.5 Other
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 Sheave Wheels Market: Competitive Dashboard
14.2 Global Sheave Wheels Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Drafto
14.3.2 Xtek
14.3.3 McKees Rocks Forgings
14.3.4 The Lifting Company
14.3.5 KEW Foundries
14.3.6 Dymot Engineering Company
14.3.7 Westley Plastics
14.3.8 TIS Manufacturing
14.3.9 Drafto
