Thailand Steel Wire Rope Market (2025-2031) Outlook | Growth, Value, Share, Forecast, Trends, Revenue, Analysis, Industry, Companies & Size
Market Forecast By Strand Pattern (Single Layer, Filler Wire, Seals, Warrington, Combination), By Steel Type (Stainless Steel, Galvanized Steel), By Product (Vinyl, Zinc, Nylon, Pvc, Others), By Applications (Oil And Gas, Heavy Machinery, Mining, Marine, General Engineering, Construction, Others) And Competitive Landscape
| Product Code: ETC378685 | Publication Date: Aug 2022 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Thailand Steel Wire Rope Market Size Growth Rate
The Thailand Steel Wire Rope Market is likely to experience consistent growth rate gains over the period 2025 to 2029. The growth rate starts at 3.59% in 2025 and reaches 11.51% by 2029.
Steel Wire Rope Market: Thailand vs Top 5 Major Economies in 2027 (Asia)
By 2027, the Steel Wire Rope market in Thailand is anticipated to reach a growth rate of 4.68%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
Thailand Steel Wire Rope Market Synopsis
The Thailand steel wire rope market is an integral part of the country`s construction, mining, and marine sectors. Steel wire ropes are used for lifting, hoisting, and anchoring applications. The market`s performance is closely linked to the growth of these industries. Manufacturers in this segment focus on producing high-strength and durable wire ropes that meet safety standards and performance requirements.
Drivers of the Market
The Thailand steel wire rope market is witnessing robust growth due to its widespread applications in industries such as construction, mining, shipping, and oil and gas. The construction sector, in particular, relies heavily on steel wire ropes for lifting and hoisting heavy materials. Additionally, the growth of the offshore oil and gas industry in Thailand coastal regions drives demand for high-strength steel wire ropes for use in drilling and offshore operations. The market benefits from the country`s industrial diversification and the need for reliable and durable lifting solutions in various sectors.
Challenges of the Market
The Thailand steel wire rope market faces challenges related to safety and quality. Wire ropes are critical components in industries such as construction and transportation, and any failure can result in accidents and downtime. Manufacturers must invest in quality assurance, product testing, and compliance with industry standards to build trust among customers.
COVID-19 Impact on the Market
The Thailand steel wire rope market faced challenges during the pandemic due to reduced demand from construction and industrial sectors. Many projects were postponed, leading to decreased sales. However, as construction and industrial activities pick up and demand for lifting and rigging solutions increases, the market for steel wire ropes is likely to rebound.
Key Players in the Market
Leading companies in the Thailand steel wire rope market include Union Steel & Wire Co., Ltd., Kowhai Wire & Cable Co., Ltd., and Bridon-Bekaert The Ropes Group.
Key Highlights of the Report:
- Thailand Steel Wire Rope Market Outlook
- Market Size of Thailand Steel Wire Rope Market, 2024
- Forecast of Thailand Steel Wire Rope Market, 2031
- Historical Data and Forecast of Thailand Steel Wire Rope Revenues & Volume for the Period 2021-2031
- Thailand Steel Wire Rope Market Trend Evolution
- Thailand Steel Wire Rope Market Drivers and Challenges
- Thailand Steel Wire Rope Price Trends
- Thailand Steel Wire Rope Porter's Five Forces
- Thailand Steel Wire Rope Industry Life Cycle
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Strand Pattern for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Single Layer for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Filler Wire for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Seals for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Warrington for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Combination for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Steel Type for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Stainless Steel for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Galvanized Steel for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Product for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Vinyl for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Zinc for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Nylon for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Pvc for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Others for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Applications for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Oil And Gas for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Heavy Machinery for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Mining for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Marine for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By General Engineering for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Construction for the Period 2021-2031
- Historical Data and Forecast of Thailand Steel Wire Rope Market Revenues & Volume By Others for the Period 2021-2031
- Thailand Steel Wire Rope Import Export Trade Statistics
- Market Opportunity Assessment By Strand Pattern
- Market Opportunity Assessment By Steel Type
- Market Opportunity Assessment By Product
- Market Opportunity Assessment By Applications
- Thailand Steel Wire Rope Top Companies Market Share
- Thailand Steel Wire Rope Competitive Benchmarking By Technical and Operational Parameters
- Thailand Steel Wire Rope Company Profiles
- Thailand Steel Wire Rope Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Thailand Steel Wire Rope Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Thailand Steel Wire Rope Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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