Market Overview:
The global steel cable market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for steel cables from various applications such as oil & gas, fishing & marine, mining, structures and industrial & crane. Asia Pacific is expected to be the fastest-growing region during the forecast period.
Product Definition:
steel cable is a cable made of steel. it is used for various purposes, including suspension, support, and control.
Left Regular Lay:
The global left regular lay market size was valued at USD 1.22 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of its increasing demand from the construction industry for application in overhead wires, telegraph & telephone cables, shipbuilding steel cables and others. The growth factor can be attributed to rising industrialization coupled with rapid urbanization which has led to an increase in infrastructure development activities globally.
Left Lang Lay:
The left-handed lay is a method of laying steel cables in which the cable layers stand to the left of the direction in which they are working. This method reduces human interference and minimizes problems associated with tight spaces. The process involves three steps, namely, positioning, cutting, and wrapping.
Application Insights:
The oil & gas segment led the global steel cable market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. Steel cables are used in the oil & gas industry for protection against corrosion, abrasion, and high tension stress. The use of steel cables provides enhanced durability as compared to that provided by polymeric products thus augmenting their demand in this application segment.
Fishing vessels operate in harsh environments where they have to fight strong currents.
Regional Analysis:
Asia Pacific dominated the global steel cable market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. Growing industrialization coupled with increasing foreign investments in these countries has resulted in an increased demand for steel cables from various industries.
The growing construction industry across Asia Pacific owing to rapid urbanization along with increasing government spending on infrastructural development projects such as airports and ports is anticipated to drive the application of steel cables further. In addition, rising awareness regarding energy conservation will also have a positive impact on industry growth over the next eight years.
Europe accounted for a significant share of revenue in 2017 owing to early adoption of technologies by regional players coupled with presence of prominent manufacturers operating globally renowned brands such as Ductal (Italy), FLEXICABLE (Germany) and Vickers (UAE).
Growth Factors:
- Increasing demand from the construction industry for steel cables as they are strong and durable
- Growing automotive industry, which is using more steel cables in vehicles for various applications
- Rising demand for steel cables from the energy sector due to increasing number of power projects
- Growing popularity of cable cars and suspension bridges, which require high-quality steel cables
- Technological advancements that are making steel cables stronger and more durable
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel Cable Market Research Report
By Type
Left Regular Lay, Left Lang Lay, Right Regular Lay, Right Lang Lay, Alternate Lay
By Application
Oil & Gas, Fishing & Marine, Mining, Structures, Industrial & Crane
By Companies
WireCo World Group, Tokyo Rope, Kiswire, Jiangsu Langshan, Guizhou Wire Rope, Fasten Group, Usha Martin, Bekaert, Xinri Hengli, Bridon, WireCo World Group, Jiangsu Shenwang, Shinko, Xianyang Bamco, DSR, Jiangsu Safety, Gustav Wolf, Ansteel Wire Rope, YoungHeung, PFEIFER, Teufelberger, Hubei Fuxing, Redaelli, Haggie, DIEPA, Brugg
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 Steel Cable Market Report Segments:
The global Steel Cable market is segmented on the basis of:
Types
Left Regular Lay, Left Lang Lay, Right Regular Lay, Right Lang Lay, Alternate Lay
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
Oil & Gas, Fishing & Marine, Mining, Structures, Industrial & Crane
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:
- WireCo World Group
- Tokyo Rope
- Kiswire
- Jiangsu Langshan
- Guizhou Wire Rope
- Fasten Group
- Usha Martin
- Bekaert
- Xinri Hengli
- Bridon
- WireCo World Group
- Jiangsu Shenwang
- Shinko
- Xianyang Bamco
- DSR
- Jiangsu Safety
- Gustav Wolf
- Ansteel Wire Rope
- YoungHeung
- PFEIFER
- Teufelberger
- Hubei Fuxing
- Redaelli
- Haggie
- DIEPA
- Brugg
Highlights of The Steel Cable 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:
- Left Regular Lay
- Left Lang Lay
- Right Regular Lay
- Right Lang Lay
- Alternate Lay
- By Application:
- Oil & Gas
- Fishing & Marine
- Mining
- Structures
- Industrial & Crane
- 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 Steel Cable 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?
Steel cable is a type of wire rope made from steel wires that are twisted together. Steel cable is used in a variety of applications, including construction, mining, and manufacturing.
Some of the key players operating in the steel cable market are WireCo World Group, Tokyo Rope, Kiswire, Jiangsu Langshan, Guizhou Wire Rope, Fasten Group, Usha Martin, Bekaert, Xinri Hengli, Bridon, WireCo World Group, Jiangsu Shenwang, Shinko, Xianyang Bamco, DSR, Jiangsu Safety, Gustav Wolf, Ansteel Wire Rope, YoungHeung, PFEIFER, Teufelberger, Hubei Fuxing, Redaelli, Haggie, DIEPA, Brugg.
The steel cable 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 Steel Cable 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 Steel Cable Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel Cable 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 Steel Cable 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 Steel Cable Market Size & Forecast, 2018-2028
4.5.1 Steel Cable Market Size and Y-o-Y Growth
4.5.2 Steel Cable Market Absolute $ Opportunity
Chapter 5 Global Steel Cable 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 Steel Cable Market Size Forecast by Type
5.2.1 Left Regular Lay
5.2.2 Left Lang Lay
5.2.3 Right Regular Lay
5.2.4 Right Lang Lay
5.2.5 Alternate Lay
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Steel Cable 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 Steel Cable Market Size Forecast by Applications
6.2.1 Oil & Gas
6.2.2 Fishing & Marine
6.2.3 Mining
6.2.4 Structures
6.2.5 Industrial & Crane
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel Cable 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 Steel Cable 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 Steel Cable Analysis and Forecast
9.1 Introduction
9.2 North America Steel Cable 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 Steel Cable Market Size Forecast by Type
9.6.1 Left Regular Lay
9.6.2 Left Lang Lay
9.6.3 Right Regular Lay
9.6.4 Right Lang Lay
9.6.5 Alternate Lay
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 Steel Cable Market Size Forecast by Applications
9.10.1 Oil & Gas
9.10.2 Fishing & Marine
9.10.3 Mining
9.10.4 Structures
9.10.5 Industrial & Crane
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 Steel Cable Analysis and Forecast
10.1 Introduction
10.2 Europe Steel Cable 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 Steel Cable Market Size Forecast by Type
10.6.1 Left Regular Lay
10.6.2 Left Lang Lay
10.6.3 Right Regular Lay
10.6.4 Right Lang Lay
10.6.5 Alternate Lay
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 Steel Cable Market Size Forecast by Applications
10.10.1 Oil & Gas
10.10.2 Fishing & Marine
10.10.3 Mining
10.10.4 Structures
10.10.5 Industrial & Crane
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 Steel Cable Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Steel Cable 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 Steel Cable Market Size Forecast by Type
11.6.1 Left Regular Lay
11.6.2 Left Lang Lay
11.6.3 Right Regular Lay
11.6.4 Right Lang Lay
11.6.5 Alternate Lay
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 Steel Cable Market Size Forecast by Applications
11.10.1 Oil & Gas
11.10.2 Fishing & Marine
11.10.3 Mining
11.10.4 Structures
11.10.5 Industrial & Crane
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 Steel Cable Analysis and Forecast
12.1 Introduction
12.2 Latin America Steel Cable 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 Steel Cable Market Size Forecast by Type
12.6.1 Left Regular Lay
12.6.2 Left Lang Lay
12.6.3 Right Regular Lay
12.6.4 Right Lang Lay
12.6.5 Alternate Lay
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 Steel Cable Market Size Forecast by Applications
12.10.1 Oil & Gas
12.10.2 Fishing & Marine
12.10.3 Mining
12.10.4 Structures
12.10.5 Industrial & Crane
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) Steel Cable Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Steel Cable 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) Steel Cable Market Size Forecast by Type
13.6.1 Left Regular Lay
13.6.2 Left Lang Lay
13.6.3 Right Regular Lay
13.6.4 Right Lang Lay
13.6.5 Alternate Lay
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) Steel Cable Market Size Forecast by Applications
13.10.1 Oil & Gas
13.10.2 Fishing & Marine
13.10.3 Mining
13.10.4 Structures
13.10.5 Industrial & Crane
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 Steel Cable Market: Competitive Dashboard
14.2 Global Steel Cable Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 WireCo World Group
14.3.2 Tokyo Rope
14.3.3 Kiswire
14.3.4 Jiangsu Langshan
14.3.5 Guizhou Wire Rope
14.3.6 Fasten Group
14.3.7 Usha Martin
14.3.8 Bekaert
14.3.9 Xinri Hengli
14.3.10 Bridon
14.3.11 WireCo World Group
14.3.12 Jiangsu Shenwang
14.3.13 Shinko
14.3.14 Xianyang Bamco
14.3.15 DSR
14.3.16 Jiangsu Safety
14.3.17 Gustav Wolf
14.3.18 Ansteel Wire Rope
14.3.19 YoungHeung
14.3.20 PFEIFER
14.3.21 Teufelberger
14.3.22 Hubei Fuxing
14.3.23 Redaelli
14.3.24 Haggie
14.3.25 DIEPA
14.3.26 Brugg
