Steel Wire Rope Market could be worth US$ 9.80 billion by 2031, Says Premium Market Insights

The steel wire rope market size was valued at US$ 9.80 billion in 2023 and is projected to reach US$ 13.59 billion by 2031; it is estimated to register a CAGR of 4.5% from 2023 to 2031.Steel Wire Rope Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type (Stainless Steel Wire Ropes, Galvanized Steel Wire Ropes, Carbon Steel Wire Ropes, and Coated Steel Wire Ropes), Type (Regular Lay and Lang Lay), End Use (Mining, Oil and Gas, Building and Construction, Marine and Fishing, and Others), and Geography

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Competitive Landscape: Steel Wire Rope Market:
Based on end use, the market is segmented into mining, oil and gas, building and construction, marine and fishing, and others. The building and construction segment held the largest share in 2023. In the construction industry, various equipment are used to carry heavy materials such as cement blocks, as well as other machinery. Equipment is also used to secure rebars, lift elevators, carry materials, and perform other heavy-load applications. Depending on applications, multiple types of steel wires are used in the construction industry. Scaffolding made and suspended by stainless steel wire, cable-stayed bridges, building anchors, lifting equipment, and slope stabilization systems all depend on this material's corrosion resistance and strength. Therefore, steel wire rope has a wide range of applications in the building and construction industry due to its high durability and strength. It is used in the construction of structural systems such as bridges, roof structures, stayed masts and towers, and other specialized structural projects.

Drahtseile Gebr Henschel GmbH
Usha Martin Ltd
Asahi Intecc Co Ltd
Tyler Madison Inc
Central Wire Inc
TEUFELBERGER
ArcelorMittal SA
PFEIFER Holding GmbH & Co. KG
WireCo
Bekaert
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Chapter Details of Steel Wire Rope Market:
Part 01: Executive Summary
Part 02: Scope of The Report
Part 03: Steel Wire Rope Market Landscape
Part 04: Steel Wire Rope Market Sizing
Part 05: Steel Wire Rope Market Segmentation by Product
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis

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