Market Overview:
The global wire rope for cranes 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 cranes across various industries, such as construction, maritime and transportation. Additionally, the growing demand for rotation resistant wire ropes is also contributing to the growth of this market. Based on type, the global wire rope for cranes market can be segmented into rotation resistant wire ropes and non-rotation resistant wire ropes. Rotation resistant wire ropes are those that offer increased resistance to rotational forces and are mainly used in applications where there is a high degree of torque or torsion present. Non-rotation resistant wires ropes are those that do not offer increased resistance to rotational forces and are mainly used in applications where there is low degree of torque or torsion present. Based on application, the global Wire rope crane Market can be segmented into quay crane and factory crane segments.
Product Definition:
Wire rope is a cable consisting of several strands of metal wire twisted into a helix. It is used as a lifting device or to transmit mechanical power.
Rotation Resistant Wire Ropes:
Rotation resistant wire ropes, also known as RRT or RTW, are specialty steel wires used in the manufacturing of cranes and other lifting devices. They possess a unique property that makes them rotationally stable under load; thus they do not get affected by the weight-induced vibration typical to nylon and polyester ropes.
Non-Rotation Resistant Wire Ropes:
Non-rotation resistant wire ropes and its usage in wire rope for cranes market. A non-rotation rope is a hempen line with an iron or steel cable as a core. The special property of this product is that it can be laid along the ground without becoming twisted, which makes it convenient to use in moving objects. It has applications in lifting heavy loads and moving them to desired locations, especially during construction activities or repair work at building sites.
Application Insights:
The quay application segment led the global wire rope for cranes market in 2017. This is attributed to the rising demand from water-front activities such as coal and ore loading, grain storage, and containerization at ports. The growth of this industry is further driven by technological advancements that allow efficient operation of large ships in shallow waters. As a result, there has been an increase in the number of projects involving deep-water ports construction across various countries over the past few years.
The growing importance of automation in manufacturing industries coupled with rising safety concerns among employees has increased adoption rate of advanced technologies such as robotics and sensors among manufacturers operating globally. These factors have resulted in increasing use wires ropes on factory floors across various regions including North America, Europe & Asia Pacific rim Latin America Middle East & Africa over recent years which can be seen as a key factor driving product demand worldwide over next eight years or so.
Regional Analysis:
Asia Pacific dominated the global wire rope for cranes market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing infrastructure activities coupled with rapid urbanization and industrialization. In addition, rising demand for heavy machinery in emerging economies such as China and India is anticipated to drive the regional market growth over the forecast period.
The Asia Pacific was followed by North America which accounted for a revenue share of 22% in 2017 on account of presence of prominent manufacturers such as ITW-Flame Resistant Rope (FRR) Inc., Webasto AG & Co., Konecranes AB, and Schaeffler Group Ltd. Growing demand from end-users such as port authorities, municipal governments, factories etc.
Growth Factors:
- Increasing demand for cranes in the construction and manufacturing industries
- Growing popularity of wire rope for cranes in developing countries
- Advances in crane technology that increase the efficiency and versatility of wire rope usage
- Rising prices of steel, which drives up demand for alternative materials like wire rope
- Regulations encouraging the use of more efficient crane technologies, such as those that use wire rope
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire Rope for Cranes Market Research Report
By Type
Rotation Resistant Wire Ropes, Non-Rotation Resistant Wire Ropes
By Application
Quay, Factory
By Companies
Bridon-Bekaert, WireCo World Group, Kiswire, Tokyo Rope, Usha Martin, Teufelberger, Katradis, Verope, Bridon-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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Wire Rope for Cranes Market Report Segments:
The global Wire Rope for Cranes market is segmented on the basis of:
Types
Rotation Resistant Wire Ropes, Non-Rotation Resistant Wire Ropes
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
Quay, Factory
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:
- Bridon-Bekaert
- WireCo World Group
- Kiswire
- Tokyo Rope
- Usha Martin
- Teufelberger
- Katradis
- Verope
- Bridon-Bekaert
Highlights of The Wire Rope for Cranes 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:
- Rotation Resistant Wire Ropes
- Non-Rotation Resistant Wire Ropes
- By Application:
- Quay
- Factory
- 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 Wire Rope for Cranes 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
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- Consumer Insights
- Understanding Competition Scenario
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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?
Wire rope is a type of rope made from wire. It is used to suspend objects, such as cranes, from a support structure.
Some of the major players in the wire rope for cranes market are Bridon-Bekaert, WireCo World Group, Kiswire, Tokyo Rope, Usha Martin, Teufelberger, Katradis, ‎Verope, Bridon-Bekaert.
The wire rope for cranes 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 Wire Rope for Cranes 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 Wire Rope for Cranes Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wire Rope for Cranes 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 Wire Rope for Cranes 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 Wire Rope for Cranes Market Size & Forecast, 2018-2028
4.5.1 Wire Rope for Cranes Market Size and Y-o-Y Growth
4.5.2 Wire Rope for Cranes Market Absolute $ Opportunity
Chapter 5 Global Wire Rope for Cranes 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 Wire Rope for Cranes Market Size Forecast by Type
5.2.1 Rotation Resistant Wire Ropes
5.2.2 Non-Rotation Resistant Wire Ropes
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wire Rope for Cranes 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 Wire Rope for Cranes Market Size Forecast by Applications
6.2.1 Quay
6.2.2 Factory
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wire Rope for Cranes 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 Wire Rope for Cranes 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 Wire Rope for Cranes Analysis and Forecast
9.1 Introduction
9.2 North America Wire Rope for Cranes 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 Wire Rope for Cranes Market Size Forecast by Type
9.6.1 Rotation Resistant Wire Ropes
9.6.2 Non-Rotation Resistant Wire Ropes
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 Wire Rope for Cranes Market Size Forecast by Applications
9.10.1 Quay
9.10.2 Factory
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 Wire Rope for Cranes Analysis and Forecast
10.1 Introduction
10.2 Europe Wire Rope for Cranes 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 Wire Rope for Cranes Market Size Forecast by Type
10.6.1 Rotation Resistant Wire Ropes
10.6.2 Non-Rotation Resistant Wire Ropes
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 Wire Rope for Cranes Market Size Forecast by Applications
10.10.1 Quay
10.10.2 Factory
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 Wire Rope for Cranes Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wire Rope for Cranes 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 Wire Rope for Cranes Market Size Forecast by Type
11.6.1 Rotation Resistant Wire Ropes
11.6.2 Non-Rotation Resistant Wire Ropes
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 Wire Rope for Cranes Market Size Forecast by Applications
11.10.1 Quay
11.10.2 Factory
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 Wire Rope for Cranes Analysis and Forecast
12.1 Introduction
12.2 Latin America Wire Rope for Cranes 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 Wire Rope for Cranes Market Size Forecast by Type
12.6.1 Rotation Resistant Wire Ropes
12.6.2 Non-Rotation Resistant Wire Ropes
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 Wire Rope for Cranes Market Size Forecast by Applications
12.10.1 Quay
12.10.2 Factory
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) Wire Rope for Cranes Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wire Rope for Cranes 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) Wire Rope for Cranes Market Size Forecast by Type
13.6.1 Rotation Resistant Wire Ropes
13.6.2 Non-Rotation Resistant Wire Ropes
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) Wire Rope for Cranes Market Size Forecast by Applications
13.10.1 Quay
13.10.2 Factory
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 Wire Rope for Cranes Market: Competitive Dashboard
14.2 Global Wire Rope for Cranes Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridon-Bekaert
14.3.2 WireCo World Group
14.3.3 Kiswire
14.3.4 Tokyo Rope
14.3.5 Usha Martin
14.3.6 Teufelberger
14.3.7 Katradis
14.3.8 Verope
14.3.9 Bridon-Bekaert
