Authored By: Sarah
11 Jul 2024

 Rope Market Size to grow by USD 4193.7 million between 2024-2028

According to a research report “ Rope Market” by Product (Steel wire, Synthetic, Cotton, Others) End-user (Industrial, Commercial, Residential) Geography (APAC, North America, Europe, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 4193.7 million, at a CAGR of  5.4% during the forecast period. The global construction market is poised for substantial growth in the coming decade, driven by substantial investments in infrastructure projects by governments worldwide. For instance, China's USD13.1 billion commitment to the Beijing International Airport expansion, projected to accommodate 72 million passengers by 2025, underscores this trend. Infrastructure development, including sports complexes, is experiencing significant capital infusion. This investment in capital-intensive projects is anticipated to surge, fueling the expansion of the global construction industry throughout the forecast period. These government initiatives are expected to be a major catalyst for market growth.

Browse market data tables, figures, and in-depth TOC on “Rope Market” by Product (Steel wire, Synthetic, Cotton, Others) End-user (Industrial, Commercial, Residential) Geography (APAC, North America, Europe, Middle East and Africa, South America) Global Forecast to 2028. Download Free Sample

 

By Product, the Steel wire segment is projected to dominate the market size in 2024

In the rope market, demand for high-quality, durable ropes continues to grow. Suppliers focus on providing a diverse range of products, including synthetic and natural fibers, to cater to various industry needs. Factors such as strength, flexibility, and resistance to weather conditions are key considerations. Strategic partnerships and investments in research and development ensure the industry stays competitive and innovative.

By End-user, Industrial  segment is expected to hold the largest market size for the year 2024

In the rope market, demand for high-quality, durable ropes continues to grow, driven by various industries such as construction, shipping, and manufacturing. Suppliers must ensure they offer a diverse range of products, including synthetic and natural fibers, to cater to the unique requirements of their clients. Effective supply chain management and competitive pricing are essential for success in this market. Additionally, adherence to safety standards and certifications is crucial to maintain market credibility.

APAC is forecasted to hold the largest market size by region in 2024

In the rope market, demand for high-quality, durable ropes continues to grow. Suppliers focus on providing a diverse range of ropes, including nylon, hemp, and manila, to cater to various industries such as construction, shipping, and agriculture. Strategic partnerships and advanced technology enable manufacturers to enhance product quality and efficiency, ensuring customer satisfaction and market competitiveness.

The Rope Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • BRIDON INTERNATIONAL GmbH
  • Cortland Ltd.
  • CSR Inc.
  • Donaghys Ltd.
  • English Braids Ltd.
  • Erin Rope Corp.
  • Gottifredi Maffioli Srl
  • Hampidjan Group
  • Katradis Marine Ropes Ind SA
  • Marlow Ropes Ltd.
  • Novatec Braids Ltd.
  • ROPENET
  • Samson Rope Technologies Inc.
  • Southern Ropes
  • Teufelberger Holding AG
  • Touwfabriek Langman B.V.
  • Usha Martin Ltd.
  • van Beelen Group BV
  • WireCo
  • Yale Cordage Inc.
.

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Research Analysis Overview

The rope market encompasses a wide range of applications, from recreational uses like rock climbing and camping, to industrial and commercial applications in the maritime and fishing industries, transportation, mining, and construction. Plastic fibers like polypropylene and polyester, as well as natural fibers such as hemp and cotton, are commonly used to make ropes. High-performance ropes for rock climbing and other extreme sports require specific properties, such as high strength, low stretch, and resistance to abrasion. In the maritime and fishing sectors, waterproof ropes made of synthetic fibers like nylon and polyolefin are essential for hoisting lines, inland towing, mooring, and other marine and fisheries applications. Steel wire ropes are used for heavy-duty hoisting and towing, while pulley systems help manage the loads and materials. Man-made textile fibers, including synthetic ropes, have revolutionized industries such as transportation, mining, and industrial and crane applications, offering benefits like strength, durability, and resistance to environmental factors. The use of rope robots in these industries further enhances efficiency and safety.

Market Research Overview

The rope market encompasses a wide range of products, including polypropylene rope, polyester rope, steel wire ropes, and high-performance fibers like aramid, nylon, and alloys. These ropes find extensive applications in various sectors, such as residential end-users, shipping, and the industrial category. Polyolefin fibers like polypropylene are popular for their durability and waterproof properties, making them suitable for outdoor use in harsh weather conditions like snow, rain, and UV radiation. Natural fibers, such as jute and hemp, are also used for making durable ropes, while man-made textile fibers like cotton, polyester, and nylon offer superior strength and flexibility. The shipping sector relies heavily on high-strength fibers and steel wires for various applications, including mooring, inland towing, and hauling. In the residential end-use segment, synthetic ropes are used for suspension, lifting, and restoration initiatives in outdoor cafes and adventure sports. The industrial segment uses ropes in heavy-duty applications, such as pulley systems, mining, construction, and oil and gas exploration. Steel wire ropes are widely used in the mining industry for drilling, while synthetic ropes find applications in the maritime and fishing industries for marine transportation and commercial segment. Rope robots are increasingly being used in the global construction sector for loads and materials handling, demonstrating the versatility and importance of ropes in various industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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