Product Code: ETC13401573 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | Author: Shubham Deep | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Steel Wire Rope & Plastic Rope Market was valued at USD 13.5 Billion in 2024 and is expected to reach USD 17.8 Billion by 2031, growing at a compound annual growth rate of 4.40% during the forecast period (2025-2031).
The Global Steel Wire Rope & Plastic Rope Market is experiencing steady growth driven by increasing demand from various sectors such as construction, mining, oil & gas, marine, and others. Steel wire ropes are favored for their high strength and durability, making them ideal for heavy-duty applications. On the other hand, plastic ropes are gaining popularity due to their lightweight nature, corrosion resistance, and flexibility. The market is also influenced by technological advancements leading to the development of innovative products with enhanced performance characteristics. Key players in the industry are focusing on product development, strategic partnerships, and expansions to strengthen their market presence. Geographically, Asia Pacific holds a significant share in the market, with China, India, and Japan being major contributors, while North America and Europe also play a crucial role in the global market landscape.
The Global Steel Wire Rope & Plastic Rope Market is experiencing several key trends and opportunities. The increasing demand for steel wire ropes in the construction, mining, and oil & gas industries is driving market growth. Additionally, the rising adoption of plastic ropes in marine, fishing, and agriculture sectors due to their lightweight and corrosion-resistant properties is expanding market opportunities. With the growing focus on infrastructure development and industrialization in emerging economies, the demand for steel wire ropes is expected to rise further. On the other hand, the eco-friendly nature of plastic ropes and their recyclability are attracting attention, presenting opportunities for sustainable growth in the market. Overall, the market is poised for steady expansion driven by diverse applications and technological advancements in materials and manufacturing processes.
The Global Steel Wire Rope & Plastic Rope Market faces several challenges, including fluctuating raw material prices, intense competition from alternative materials, and the impact of economic downturns on demand. Steel wire ropes face challenges related to high manufacturing costs and environmental concerns, leading to a shift towards more sustainable materials like plastic ropes. Plastic ropes, on the other hand, are prone to environmental regulations due to their impact on marine life and ecosystems, thus facing challenges related to sustainability and eco-friendliness. Additionally, the market is also influenced by factors such as technological advancements, changing consumer preferences, and volatile global trade policies, all of which contribute to the complexity and competitiveness of the industry. To thrive in this market, companies need to innovate, adapt to changing trends, and focus on sustainability to overcome these challenges.
The Global Steel Wire Rope & Plastic Rope Market is primarily driven by the growing demand from various end-use industries such as construction, mining, marine, and oil & gas. The increasing investments in infrastructure development projects worldwide, coupled with the expansion of the mining and oil & gas sectors, are boosting the demand for steel wire ropes and plastic ropes for applications such as lifting, towing, and securing heavy loads. Additionally, the superior strength, durability, and flexibility offered by steel wire ropes, along with the lightweight and corrosion-resistant properties of plastic ropes, are further driving their adoption across different industries. Moreover, the technological advancements in rope manufacturing processes, leading to the development of innovative and high-performance ropes, are also fueling the market growth.
Government policies related to the Global Steel Wire Rope & Plastic Rope Market vary by country but generally focus on regulations related to product quality, safety standards, and environmental impact. In terms of steel wire rope, some countries have imposed tariffs on steel imports to protect domestic industries, while others have implemented strict quality control measures to ensure the durability and strength of the ropes. Additionally, environmental regulations aimed at reducing carbon emissions and promoting sustainability are increasingly impacting the plastic rope market, with bans on single-use plastics and incentives for using recyclable materials. Overall, government policies in the Global Steel Wire Rope & Plastic Rope Market are evolving to balance economic growth with environmental and safety concerns.
The Global Steel Wire Rope & Plastic Rope Market is expected to witness steady growth in the coming years. The increasing demand for steel wire ropes in construction, mining, and oil & gas industries, coupled with the rising investments in infrastructure development projects worldwide, will drive market growth. Additionally, the growing adoption of plastic ropes in the marine, agriculture, and transportation sectors due to their lightweight, durable, and corrosion-resistant properties will further contribute to the market expansion. Technological advancements in rope manufacturing processes, such as the development of high-strength synthetic fibers and advanced coatings, are also expected to bolster market growth. However, fluctuating raw material prices and stringent regulations related to environmental sustainability may pose challenges to the market`s growth trajectory. Overall, the Global Steel Wire Rope & Plastic Rope Market is poised for a positive outlook in the foreseeable future.
In the Global Steel Wire Rope & Plastic Rope Market, Asia-Pacific region is expected to dominate the market due to the rapid industrialization and infrastructure development in countries like China and India. North America and Europe are also significant markets for steel wire rope and plastic rope, driven by the construction and automotive industries. In the Middle East and Africa, the market growth is fueled by increasing investments in oil & gas exploration activities. Latin America is witnessing steady growth in the market due to the expanding mining and shipping industries. Overall, the market in these regions is driven by the need for durable and high-strength materials in various sectors such as construction, mining, marine, and transportation.
Global Steel Wire Rope & Plastic Rope Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Steel Wire Rope & Plastic Rope Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Steel Wire Rope & Plastic Rope Market Revenues & Volume, 2021 & 2031F |
3.3 Global Steel Wire Rope & Plastic Rope Market - Industry Life Cycle |
3.4 Global Steel Wire Rope & Plastic Rope Market - Porter's Five Forces |
3.5 Global Steel Wire Rope & Plastic Rope Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Steel Wire Rope & Plastic Rope Market Revenues & Volume Share, By Typeof Lay, 2021 & 2031F |
3.7 Global Steel Wire Rope & Plastic Rope Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.8 Global Steel Wire Rope & Plastic Rope Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Steel Wire Rope & Plastic Rope Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Steel Wire Rope & Plastic Rope Market Trends |
6 Global Steel Wire Rope & Plastic Rope Market, 2021 - 2031 |
6.1 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Typeof Lay, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Regular Lay, 2021 - 2031 |
6.1.3 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Lang Lay, 2021 - 2031 |
6.2 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Material Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By PP, 2021 - 2031 |
6.2.3 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By PET, 2021 - 2031 |
6.2.4 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Nylon, 2021 - 2031 |
6.2.5 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By HMPE, 2021 - 2031 |
6.2.6 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Specialty fibers, 2021 - 2031 |
6.3 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Marine & Fishing, 2021 - 2031 |
6.3.3 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Sports & Leisure, 2021 - 2031 |
6.3.4 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Oil & Gas, 2021 - 2031 |
6.3.5 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Industrial & Crane, 2021 - 2031 |
6.3.6 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Mining, 2021 - 2031 |
6.3.7 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Construction, 2021 - 2031 |
6.3.8 Global Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Others, 2021 - 2031 |
7 North America Steel Wire Rope & Plastic Rope Market, Overview & Analysis |
7.1 North America Steel Wire Rope & Plastic Rope Market Revenues & Volume, 2021 - 2031 |
7.2 North America Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Typeof Lay, 2021 - 2031 |
7.4 North America Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Material Type, 2021 - 2031 |
7.5 North America Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Steel Wire Rope & Plastic Rope Market, Overview & Analysis |
8.1 Latin America (LATAM) Steel Wire Rope & Plastic Rope Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Typeof Lay, 2021 - 2031 |
8.4 Latin America (LATAM) Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Material Type, 2021 - 2031 |
8.5 Latin America (LATAM) Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Steel Wire Rope & Plastic Rope Market, Overview & Analysis |
9.1 Asia Steel Wire Rope & Plastic Rope Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Typeof Lay, 2021 - 2031 |
9.4 Asia Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Material Type, 2021 - 2031 |
9.5 Asia Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Steel Wire Rope & Plastic Rope Market, Overview & Analysis |
10.1 Africa Steel Wire Rope & Plastic Rope Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Typeof Lay, 2021 - 2031 |
10.4 Africa Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Material Type, 2021 - 2031 |
10.5 Africa Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Steel Wire Rope & Plastic Rope Market, Overview & Analysis |
11.1 Europe Steel Wire Rope & Plastic Rope Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Typeof Lay, 2021 - 2031 |
11.4 Europe Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Material Type, 2021 - 2031 |
11.5 Europe Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Steel Wire Rope & Plastic Rope Market, Overview & Analysis |
12.1 Middle East Steel Wire Rope & Plastic Rope Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Steel Wire Rope & Plastic Rope Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Typeof Lay, 2021 - 2031 |
12.4 Middle East Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Material Type, 2021 - 2031 |
12.5 Middle East Steel Wire Rope & Plastic Rope Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Steel Wire Rope & Plastic Rope Market Key Performance Indicators |
14 Global Steel Wire Rope & Plastic Rope Market - Export/Import By Countries Assessment |
15 Global Steel Wire Rope & Plastic Rope Market - Opportunity Assessment |
15.1 Global Steel Wire Rope & Plastic Rope Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Steel Wire Rope & Plastic Rope Market Opportunity Assessment, By Typeof Lay, 2021 & 2031F |
15.3 Global Steel Wire Rope & Plastic Rope Market Opportunity Assessment, By Material Type, 2021 & 2031F |
15.4 Global Steel Wire Rope & Plastic Rope Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Steel Wire Rope & Plastic Rope Market - Competitive Landscape |
16.1 Global Steel Wire Rope & Plastic Rope Market Revenue Share, By Companies, 2024 |
16.2 Global Steel Wire Rope & Plastic Rope Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |