Global Oil & Gas Wire Rope Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Oil & Gas Wire Rope market size was valued at US$ 2318 million in 2024 and is forecast to a readjusted size of USD 2674 million by 2031 with a CAGR of 1.9% during review period.
Steel wire rope for oil and gas industry is a kind of high-strength steel wire rope specially designed for oil and gas exploration, drilling, mining and transportation operations. It is widely used in drilling rig lifting system, wellhead operation, offshore platform hoisting and pipeline laying. It is usually made of high-carbon steel wire strands, and is galvanized, lubricated or anti-corrosion coated to enhance wear resistance, tensile strength and fatigue resistance, and adapt to extreme temperature, high humidity, high corrosion and other harsh environments. The steel wire rope has excellent load-bearing capacity and service life, ensuring the efficient and safe operation of oil and gas industry equipment.
After experiencing the impact of the epidemic and oil price fluctuations, the global oil and gas wire rope market is entering a structural growth cycle with the recovery of the oil and gas industry and the restart of deepwater exploration activities. The core driving force on the demand side comes from the acceleration of deepwater oil and gas field development under the global energy security strategy (such as the Brazilian subsalt layer, the Gulf of Mexico and the West African waters), the recovery of shale oil/gas production (unconventional resources on land in North America, the Middle East and China), and technological breakthroughs in exploration in extreme environments such as the Arctic. Among them, the growth rate of deep-sea drilling wire rope demand is significantly higher than that on land. In terms of regional distribution, North America (shale revolution technology spillover), the Middle East (conventional oil and gas production increase), Latin America (Brazil subsalt oil field development) and Asia-Pacific (South China Sea, Indonesian deep sea) are the main growth poles, and Russia and Central Asia are relatively lagging due to geopolitical conflicts and sanctions restrictions.
Technology upgrades and material innovation are the core driving forces of market evolution. In order to cope with the challenges of ultra-deep wells (>3000 meters), high temperature and high pressure (HPHT) and extremely cold environment operations, steel wire ropes are iterating towards ultra-high strength (above 2160MPa) and corrosion resistance (zinc-nickel alloy coating, stainless steel stranding). Supply chain resilience becomes a key variable - on the raw material side, the price of high-carbon steel wire is significantly affected by the pricing power of iron ore giants and the fluctuation of coking coal costs. The Russian-Ukrainian conflict in 2023 exacerbated the disorder of the European special steel supply chain; geopolitical risks (such as obstruction of Red Sea shipping) pushed up delivery cycles and logistics costs, forcing manufacturers to accelerate regional capacity layout.
In the next decade, market growth will still be supported by deepwater exploration investment and demand for old oil fields, but we need to be vigilant about three major risks: first, the sharp fluctuations in international oil prices will lead to a contraction in capital expenditures (such as the economic pressure of deepwater projects when oil prices are below US$60/barrel); second, the long-term substitution effect of new energy such as hydrogen energy on traditional oil and gas demand; third, the frequent occurrence of extreme climate (such as hurricanes and sea ice) on the offshore operation cycle. Enterprises need to build differentiated competitiveness through innovation on the material side and cooperation with oil service giants (Schlumberger and Baker Hughes).
This report is a detailed and comprehensive analysis for global Oil & Gas Wire Rope market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Oil & Gas Wire Rope market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Oil & Gas Wire Rope market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Oil & Gas Wire Rope market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Oil & Gas Wire Rope market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Oil & Gas Wire Rope
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Oil & Gas Wire Rope market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kiswire, Bridon-Bekaert, WireCo World Group, Usha Martin, Jiangsu langshan Wrie Rope, Teufelberger, Guizhou steel rope, DSR Wire, Jiangsu Juliwire Rope, Xianyang BOMCO Steel Tube＆Wirerope, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Oil & Gas Wire Rope market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Regular Lay
Lang Lay
Market segment by Application
Offshore Operations
Land Operations
Major players covered
Kiswire
Bridon-Bekaert
WireCo World Group
Usha Martin
Jiangsu langshan Wrie Rope
Teufelberger
Guizhou steel rope
DSR Wire
Jiangsu Juliwire Rope
Xianyang BOMCO Steel Tube＆Wirerope
JULI SLING
Golik Holdings
Jiangsu Shenwang group
Zhongying steel rope
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Oil & Gas Wire Rope product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Oil & Gas Wire Rope, with price, sales quantity, revenue, and global market share of Oil & Gas Wire Rope from 2020 to 2025.
Chapter 3, the Oil & Gas Wire Rope competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Oil & Gas Wire Rope breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Oil & Gas Wire Rope market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Oil & Gas Wire Rope.
Chapter 14 and 15, to describe Oil & Gas Wire Rope sales channel, distributors, customers, research findings and conclusion.
Steel wire rope for oil and gas industry is a kind of high-strength steel wire rope specially designed for oil and gas exploration, drilling, mining and transportation operations. It is widely used in drilling rig lifting system, wellhead operation, offshore platform hoisting and pipeline laying. It is usually made of high-carbon steel wire strands, and is galvanized, lubricated or anti-corrosion coated to enhance wear resistance, tensile strength and fatigue resistance, and adapt to extreme temperature, high humidity, high corrosion and other harsh environments. The steel wire rope has excellent load-bearing capacity and service life, ensuring the efficient and safe operation of oil and gas industry equipment.
After experiencing the impact of the epidemic and oil price fluctuations, the global oil and gas wire rope market is entering a structural growth cycle with the recovery of the oil and gas industry and the restart of deepwater exploration activities. The core driving force on the demand side comes from the acceleration of deepwater oil and gas field development under the global energy security strategy (such as the Brazilian subsalt layer, the Gulf of Mexico and the West African waters), the recovery of shale oil/gas production (unconventional resources on land in North America, the Middle East and China), and technological breakthroughs in exploration in extreme environments such as the Arctic. Among them, the growth rate of deep-sea drilling wire rope demand is significantly higher than that on land. In terms of regional distribution, North America (shale revolution technology spillover), the Middle East (conventional oil and gas production increase), Latin America (Brazil subsalt oil field development) and Asia-Pacific (South China Sea, Indonesian deep sea) are the main growth poles, and Russia and Central Asia are relatively lagging due to geopolitical conflicts and sanctions restrictions.
Technology upgrades and material innovation are the core driving forces of market evolution. In order to cope with the challenges of ultra-deep wells (>3000 meters), high temperature and high pressure (HPHT) and extremely cold environment operations, steel wire ropes are iterating towards ultra-high strength (above 2160MPa) and corrosion resistance (zinc-nickel alloy coating, stainless steel stranding). Supply chain resilience becomes a key variable - on the raw material side, the price of high-carbon steel wire is significantly affected by the pricing power of iron ore giants and the fluctuation of coking coal costs. The Russian-Ukrainian conflict in 2023 exacerbated the disorder of the European special steel supply chain; geopolitical risks (such as obstruction of Red Sea shipping) pushed up delivery cycles and logistics costs, forcing manufacturers to accelerate regional capacity layout.
In the next decade, market growth will still be supported by deepwater exploration investment and demand for old oil fields, but we need to be vigilant about three major risks: first, the sharp fluctuations in international oil prices will lead to a contraction in capital expenditures (such as the economic pressure of deepwater projects when oil prices are below US$60/barrel); second, the long-term substitution effect of new energy such as hydrogen energy on traditional oil and gas demand; third, the frequent occurrence of extreme climate (such as hurricanes and sea ice) on the offshore operation cycle. Enterprises need to build differentiated competitiveness through innovation on the material side and cooperation with oil service giants (Schlumberger and Baker Hughes).
This report is a detailed and comprehensive analysis for global Oil & Gas Wire Rope market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Oil & Gas Wire Rope market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Oil & Gas Wire Rope market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Oil & Gas Wire Rope market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Oil & Gas Wire Rope market shares of main players, shipments in revenue ($ Million), sales quantity (Tons), and ASP (US$/Ton), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Oil & Gas Wire Rope
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Oil & Gas Wire Rope market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Kiswire, Bridon-Bekaert, WireCo World Group, Usha Martin, Jiangsu langshan Wrie Rope, Teufelberger, Guizhou steel rope, DSR Wire, Jiangsu Juliwire Rope, Xianyang BOMCO Steel Tube＆Wirerope, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Oil & Gas Wire Rope market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Regular Lay
Lang Lay
Market segment by Application
Offshore Operations
Land Operations
Major players covered
Kiswire
Bridon-Bekaert
WireCo World Group
Usha Martin
Jiangsu langshan Wrie Rope
Teufelberger
Guizhou steel rope
DSR Wire
Jiangsu Juliwire Rope
Xianyang BOMCO Steel Tube＆Wirerope
JULI SLING
Golik Holdings
Jiangsu Shenwang group
Zhongying steel rope
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Oil & Gas Wire Rope product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Oil & Gas Wire Rope, with price, sales quantity, revenue, and global market share of Oil & Gas Wire Rope from 2020 to 2025.
Chapter 3, the Oil & Gas Wire Rope competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Oil & Gas Wire Rope breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Oil & Gas Wire Rope market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Oil & Gas Wire Rope.
Chapter 14 and 15, to describe Oil & Gas Wire Rope sales channel, distributors, customers, research findings and conclusion.
Table of Contents
108 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Oil & Gas Wire Rope by Manufacturer
- 4 Consumption Analysis by Region
- 5 Market Segment by Type
- 6 Market Segment by Application
- 7 North America
- 8 Europe
- 9 Asia-Pacific
- 10 South America
- 11 Middle East & Africa
- 12 Market Dynamics
- 13 Raw Material and Industry Chain
- 14 Shipments by Distribution Channel
- 15 Research Findings and Conclusion
- 16 Appendix
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
