The global demand for Metallic Rope Cords Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
A metallic rope cord is a long slender flexible material, an assemblage of several strands of metal wires woven or twisted together. These cords are made of steel wires, sisal, manila, henequen, jute, hemp fibers, or polypropylene monofilaments. The core wire provides a firm cushion for positioning other wires in the strands, maintaining a firm cord structure, and providing some internal lubrication when bending stresses or fast movement are involved. Metallic rope cords are used in machines like cranes, power shovels, elevators, and mine hoists for hoisting and hauling operations. They are also used as the main cables of a suspension bridge or for rigging, mooring, and towing during marine operations. These cords are available in various diameters and strength grades.
Market Dynamics
Government organizations' considerable investments to improve the country's overall infrastructure globally is the primary driver for the market's growth. The exploding population and the growing need to enhance connectivity between the urban and rural communities by constructing bridges will benefit market growth. The rising demand for cords with high tensile strength, better load-bearing capacity, flexibility, and endurance during extreme conditions witnessed in the construction and mining industries will enhance the market growth. The increasing global seaborne trade will boost market growth due to an upward surge in maritime operations. The main barrier to this market is the availability of alternative products.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of metallic rope cords. The growth and trends of metallic rope cords industry provide a holistic approach to this study.
Market Segmentation
This section of the metallic rope cords market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Stainless Steel
- Galvanized
- Coated
- Other
By Lay Type
By Application
- Industrial & Crane
- Mining
- Oil & Gas
- Construction
- Marine & Fishing
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Metallic Rope Cords market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Metallic Rope Cords Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the metallic rope cords market include Wireco Worldgroup Inc., Samson Rope Technologies, Inc., DSR, Teufelberger Holding AG, Bekaert SA, Usha Martin, Kiswire, Pfeifer, Gustav Wolf, and Katradis Marine Ropes Ind. S.A. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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