Market Analysis and Insights: Global Elevator Wire Rope Market

Steel wire rope is a piece of machinery which is widely used in construction, mining, oil & gas extraction and other areas. Usually a steel wire rope is composed of wires, strands and a core, which is made of fiber or steel. The purpose of the core is to provide support and maintain the position of the outer strands during operation. The wires are predominantly constructed from high-carbon steel and stainless steel. The wires are twisted to form strands and they designate the strength of the steel wire rope. This report studies the Elevator Wire Rope market.

Due to the COVID-19 pandemic, the global Elevator Wire Rope market size is estimated to be worth US$ million in 2022 and is forecast to a readjusted size of US$ million by 2029 with a CAGR of % during the forecast period 2023-2029. Fully considering the economic change by this health crisis, Fiber Core accounting for % of the Elevator Wire Rope global market in 2022, is projected to value US$ million by 2029, growing at a revised % CAGR from 2023 to 2029. While Traction Elevators segment is altered to an % CAGR throughout this forecast period.

The United State elevator wire rope industry is highly concentrated with only a few players at present. Leading manufacturers are mainly from Europe. Leading players in United State elevator wire rope are Gustav Wolf, Bekaert, Wirerope Works, Pfeifer Drako and Kiswire. Gustav Wolf is the largest manufacturer in USA, with the market share of 48%.

Global Elevator Wire Rope Scope and Market Size

The global Elevator Wire Rope market is segmented by company, region (country), type and application. Players, stakeholders, and other participants in the global Elevator Wire Rope market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on sales, revenue and forecast by region (country), type and application for the period 2018-2029.


Segment by Type


Fiber Core

Steel Core


Segment by Application


Traction Elevators

Hydraulic Elevators

By Region

United States

Europe

China

Japan

Southeast Asia

India

Other Regions


By Company


Gustav Wolf

Bekaert

Wirerope Works

Pfeifer Drako

Kiswire

CERTEX

Usha Martin