Global Traction Wire Rope Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031
Description
According to our (Global Info Research) latest study, the global Traction Wire Rope market size was valued at US$ 3316 million in 2024 and is forecast to a readjusted size of USD 3965 million by 2031 with a CAGR of 2.9% during review period.
Traction wire rope is a high-strength steel wire rope used for traction, lifting or power transmission. It is widely used in elevators, cranes, cable cars, and engineering machinery. It is made of multiple strands of high-strength steel wires, with high tensile strength, wear resistance and flexibility, and can maintain stable performance under long-term load and repeated bending working environment. According to the use requirements, the traction wire rope can adopt different structures and surface treatments, such as galvanizing or plastic coating, to enhance its corrosion resistance and service life.
In recent years, the global traction wire rope market has shown a steady growth trend. The growth momentum mainly comes from the infrastructure boom in the Asia-Pacific region and the renovation and renewal of urban elevators in Europe and the United States. China's "Belt and Road" project and India's urban rail transit construction have driven a surge in demand. The European and American markets have benefited from the renovation and upgrading of old infrastructure.
With the acceleration of urbanization and the continuous emergence of large-scale projects such as high-rise buildings and integrated transportation hubs, especially the continuous improvement of elevator safety and comfort requirements, wire rope products have been upgraded to high strength, low friction, fatigue resistance, corrosion resistance and other directions; at the same time, the application of automation and intelligent technology has promoted the overall technical level of lifting machinery and elevator equipment, further broadening the market demand for high-performance wire ropes. In addition, the continuous advancement of new infrastructure and old city renovation projects will also drive the widespread application of lifting and elevator wire ropes in engineering machinery, logistics warehousing and high-end residential fields.
At the same time, the growth of the wire rope market also faces some constraints: First, synthetic fiber ropes have formed substitutions in specific fields. Secondly, international trade frictions have intensified, and the EU's anti-dumping duties on Chinese wire ropes have affected the export pattern. Stricter environmental regulations also push up costs. The European REACH regulations have increased corporate environmental protection investment by 20%. Future competition will focus on differentiated innovation. Companies need to build full industry chain capabilities from material research and development to terminal services, while paying attention to the infrastructure construction cycle in emerging markets such as Southeast Asia and the Middle East to seize the next round of growth opportunities.
This report is a detailed and comprehensive analysis for global Traction 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 Traction Wire Rope market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Traction Wire Rope market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Traction Wire Rope market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Traction Wire Rope market shares of main players, shipments in revenue ($ 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 Traction 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 Traction 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, Tokyo Rope, Brugg, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Traction 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
Right Regular Lay
Right Lang Lay
Left Regular Lay
Left Lang Lay
Market segment by Application
Construction Machinery
Elevator
Others
Major players covered
Kiswire
Bridon-Bekaert
WireCo World Group
Usha Martin
Jiangsu langshan Wrie Rope
Teufelberger
Guizhou steel rope
DSR Wire
Tokyo Rope
Brugg
Jiangsu Juliwire Rope
Xianyang BOMCO Steel Tube＆Wirerope
Kobelco Wire
SAFETY
JULI SLING
Golik Holdings
Gustav Wolf
Jiangsu Shenwang group
Zhongying steel rope
Valin Precision
Hubei Fuxing Technology
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 Traction Wire Rope product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Traction Wire Rope, with price, sales quantity, revenue, and global market share of Traction Wire Rope from 2020 to 2025.
Chapter 3, the Traction Wire Rope competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Traction 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 Traction 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 Traction Wire Rope.
Chapter 14 and 15, to describe Traction Wire Rope sales channel, distributors, customers, research findings and conclusion.
Traction wire rope is a high-strength steel wire rope used for traction, lifting or power transmission. It is widely used in elevators, cranes, cable cars, and engineering machinery. It is made of multiple strands of high-strength steel wires, with high tensile strength, wear resistance and flexibility, and can maintain stable performance under long-term load and repeated bending working environment. According to the use requirements, the traction wire rope can adopt different structures and surface treatments, such as galvanizing or plastic coating, to enhance its corrosion resistance and service life.
In recent years, the global traction wire rope market has shown a steady growth trend. The growth momentum mainly comes from the infrastructure boom in the Asia-Pacific region and the renovation and renewal of urban elevators in Europe and the United States. China's "Belt and Road" project and India's urban rail transit construction have driven a surge in demand. The European and American markets have benefited from the renovation and upgrading of old infrastructure.
With the acceleration of urbanization and the continuous emergence of large-scale projects such as high-rise buildings and integrated transportation hubs, especially the continuous improvement of elevator safety and comfort requirements, wire rope products have been upgraded to high strength, low friction, fatigue resistance, corrosion resistance and other directions; at the same time, the application of automation and intelligent technology has promoted the overall technical level of lifting machinery and elevator equipment, further broadening the market demand for high-performance wire ropes. In addition, the continuous advancement of new infrastructure and old city renovation projects will also drive the widespread application of lifting and elevator wire ropes in engineering machinery, logistics warehousing and high-end residential fields.
At the same time, the growth of the wire rope market also faces some constraints: First, synthetic fiber ropes have formed substitutions in specific fields. Secondly, international trade frictions have intensified, and the EU's anti-dumping duties on Chinese wire ropes have affected the export pattern. Stricter environmental regulations also push up costs. The European REACH regulations have increased corporate environmental protection investment by 20%. Future competition will focus on differentiated innovation. Companies need to build full industry chain capabilities from material research and development to terminal services, while paying attention to the infrastructure construction cycle in emerging markets such as Southeast Asia and the Middle East to seize the next round of growth opportunities.
This report is a detailed and comprehensive analysis for global Traction 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 Traction Wire Rope market size and forecasts, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Traction Wire Rope market size and forecasts by region and country, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Traction Wire Rope market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (Tons), and average selling prices (US$/Ton), 2020-2031
Global Traction Wire Rope market shares of main players, shipments in revenue ($ 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 Traction 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 Traction 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, Tokyo Rope, Brugg, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Traction 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
Right Regular Lay
Right Lang Lay
Left Regular Lay
Left Lang Lay
Market segment by Application
Construction Machinery
Elevator
Others
Major players covered
Kiswire
Bridon-Bekaert
WireCo World Group
Usha Martin
Jiangsu langshan Wrie Rope
Teufelberger
Guizhou steel rope
DSR Wire
Tokyo Rope
Brugg
Jiangsu Juliwire Rope
Xianyang BOMCO Steel Tube＆Wirerope
Kobelco Wire
SAFETY
JULI SLING
Golik Holdings
Gustav Wolf
Jiangsu Shenwang group
Zhongying steel rope
Valin Precision
Hubei Fuxing Technology
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 Traction Wire Rope product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Traction Wire Rope, with price, sales quantity, revenue, and global market share of Traction Wire Rope from 2020 to 2025.
Chapter 3, the Traction Wire Rope competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Traction 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 Traction 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 Traction Wire Rope.
Chapter 14 and 15, to describe Traction Wire Rope sales channel, distributors, customers, research findings and conclusion.
Table of Contents
164 Pages
- 1 Market Overview
- 2 Manufacturers Profiles
- 3 Competitive Environment: Traction 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
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