Market Overview:
The global wire rope rigging market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for wire rope rigging in various applications, such as steel industry, chemicals, transportation, ports and others. Additionally, the growing construction and infrastructure sector is also projected to fuel the demand for wire rope rigging in the coming years. On the basis of type, compression wire rope rigging is expected to witness highest growth during the forecast period owing to its properties such as high strength-to-weight ratio and corrosion resistance. On account of these benefits it is being increasingly used in various industrial applications including wind turbines and cranes.
Product Definition:
Wire rope rigging is a type of rigging that uses wire rope as opposed to other materials. It is often used for heavy loads, because wire rope has a high tensile strength. Wire rope rigging also allows for more flexibility than other types of rigging, which can be important in certain applications.
Wire rope rigging:
Wire rope rigging is a method of securing loads using wire ropes. It is the most common and traditional way of lifting heavy loads. The technique involves binding two or more wires by using them as an intermediate point to which other ropes may be attached for the purpose of lifting, lowering or transferring weight.
Compression wire rope rigging:
Compression wire rope rigging is used in the industry for lifting heavy loads and to control the speed of lowering. It helps in maintaining stability under load and prevents slippage, which enables a smooth operation. The main function of this equipment is to keep the material or object from moving around while handling it with other mechanical devices such as winches, pulleys, etc.
Application Insights:
The chemicals industry was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The growth of this industry can be attributed to increasing demand for wire rope from various industries, including oil & gas, energy & power, petrochemicals, pulp & paper and civil construction.
Wire rope offers several advantages over other types of ropes such as ease of handling due to low stretchability property along with high strength. It also has a smaller radius of gyration which reduces friction and wear on machinery resulting in increased productivity. These benefits are likely to drive its use in numerous applications across various industries globally during the forecast period.
Ports are anticipated to witness significant growth owing to rising maritime trade across different regions coupled with increasing penetration into emerging economies such as India.
Regional Analysis:
The Asia Pacific dominated the global wire rope industry and accounted for over 40% of the revenue share in 2016. The region is expected to continue its dominance over the next eight years owing to increasing infrastructure activities coupled with rising port development activities in China, India, Indonesia, Malaysia and Vietnam.
In addition, rapid growth of offshore oil & gas exploration projects in countries such as China and Australia is anticipated to drive demand for Wire Rope Rigger equipment/services across various industries including energy sector. Furthermore, growing construction industry mainly due to government initiatives such as “Housing for All†program by Philippines Government is projected to propel market growth across this region during the forecast period.
Growth Factors:
- Increasing demand for wire rope rigging in the construction and manufacturing industries due to its high strength-to-weight ratio and corrosion resistance properties.
- Growing popularity of wire rope rigging in the marine industry as it offers superior performance than traditional ropes and cables.
- Rising demand for wire rope rigging in the entertainment industry for suspending lighting, sound, and video equipment during live performances and events.
- Increasing use of wire rope rigging in safety-critical applications such as rescue operations, firefighting, and mining due to its high reliability and durability.
- Technological advancements that have led to the development of new products such as fiber core ropes that offer improved performance over traditional steel core ropes
Scope Of The Report
Report Attributes
Report Details
Report Title
Wire rope rigging Market Research Report
By Type
Wire rope rigging, Compression wire rope rigging, Casting wire rope
By Application
Steel industry, Chemicals, Transportation, Ports, Others
By Companies
Franklin Offshore Group, BC Wire Rope, Sullivan Wire Rope Inc., West Coast Wire Rope & Rigging, Inc., Silver State Wire Rope, PAGE WIRE ROPE INC., Julisling
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Wire rope rigging Market Report Segments:
The global Wire rope rigging market is segmented on the basis of:
Types
Wire rope rigging, Compression wire rope rigging, Casting wire rope
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
Steel industry, Chemicals, Transportation, Ports, 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:
- Franklin Offshore Group
- BC Wire Rope
- Sullivan Wire Rope Inc.
- West Coast Wire Rope & Rigging, Inc.
- Silver State Wire Rope
- PAGE WIRE ROPE INC.
- Julisling
Highlights of The Wire rope rigging 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:
- Wire rope rigging
- Compression wire rope rigging
- Casting wire rope
- By Application:
- Steel industry
- Chemicals
- Transportation
- Ports
- 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 Wire rope rigging 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?
Wire rope rigging is a system of suspending objects by using wire ropes.
Some of the major players in the wire rope rigging market are Franklin Offshore Group, BC Wire Rope, Sullivan Wire Rope Inc., West Coast Wire Rope & Rigging, Inc., Silver State Wire Rope, PAGE WIRE ROPE INC., Julisling.
The wire rope rigging market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wire rope rigging Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Wire rope rigging Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Wire rope rigging Market - Supply Chain
4.5. Global Wire rope rigging Market Forecast
4.5.1. Wire rope rigging Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Wire rope rigging Market Size (000 Units) and Y-o-Y Growth
4.5.3. Wire rope rigging Market Absolute $ Opportunity
5. Global Wire rope rigging Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Wire rope rigging Market Size and Volume Forecast by Type
5.3.1. Wire rope rigging
5.3.2. Compression wire rope rigging
5.3.3. Casting wire rope
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Wire rope rigging Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Wire rope rigging Market Size and Volume Forecast by Application
6.3.1. Steel industry
6.3.2. Chemicals
6.3.3. Transportation
6.3.4. Ports
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Wire rope rigging Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Wire rope rigging Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Wire rope rigging Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Wire rope rigging Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Wire rope rigging Demand Share Forecast, 2019-2026
9. North America Wire rope rigging Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Wire rope rigging Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Wire rope rigging Market Size and Volume Forecast by Application
9.4.1. Steel industry
9.4.2. Chemicals
9.4.3. Transportation
9.4.4. Ports
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Wire rope rigging Market Size and Volume Forecast by Type
9.7.1. Wire rope rigging
9.7.2. Compression wire rope rigging
9.7.3. Casting wire rope
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Wire rope rigging Demand Share Forecast, 2019-2026
10. Latin America Wire rope rigging Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Wire rope rigging Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Wire rope rigging Market Size and Volume Forecast by Application
10.4.1. Steel industry
10.4.2. Chemicals
10.4.3. Transportation
10.4.4. Ports
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Wire rope rigging Market Size and Volume Forecast by Type
10.7.1. Wire rope rigging
10.7.2. Compression wire rope rigging
10.7.3. Casting wire rope
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Wire rope rigging Demand Share Forecast, 2019-2026
11. Europe Wire rope rigging Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Wire rope rigging Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Wire rope rigging Market Size and Volume Forecast by Application
11.4.1. Steel industry
11.4.2. Chemicals
11.4.3. Transportation
11.4.4. Ports
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Wire rope rigging Market Size and Volume Forecast by Type
11.7.1. Wire rope rigging
11.7.2. Compression wire rope rigging
11.7.3. Casting wire rope
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Wire rope rigging Demand Share, 2019-2026
12. Asia Pacific Wire rope rigging Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Wire rope rigging Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Wire rope rigging Market Size and Volume Forecast by Application
12.4.1. Steel industry
12.4.2. Chemicals
12.4.3. Transportation
12.4.4. Ports
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Wire rope rigging Market Size and Volume Forecast by Type
12.7.1. Wire rope rigging
12.7.2. Compression wire rope rigging
12.7.3. Casting wire rope
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Wire rope rigging Demand Share, 2019-2026
13. Middle East & Africa Wire rope rigging Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Wire rope rigging Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Wire rope rigging Market Size and Volume Forecast by Application
13.4.1. Steel industry
13.4.2. Chemicals
13.4.3. Transportation
13.4.4. Ports
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Wire rope rigging Market Size and Volume Forecast by Type
13.7.1. Wire rope rigging
13.7.2. Compression wire rope rigging
13.7.3. Casting wire rope
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Wire rope rigging Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Wire rope rigging Market: Market Share Analysis
14.2. Wire rope rigging Distributors and Customers
14.3. Wire rope rigging Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Franklin Offshore Group
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. BC Wire Rope
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sullivan Wire Rope Inc.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. West Coast Wire Rope & Rigging, Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Silver State Wire Rope
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. PAGE WIRE ROPE INC.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Julisling
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
