Global Galvanized Steel Elevator Ropes Market Growth 2026-2032
Description
The global Galvanized Steel Elevator Ropes market size is predicted to grow from US$ 3375 million in 2025 to US$ 4767 million in 2032; it is expected to grow at a CAGR of 5.1% from 2026 to 2032.
In 2025, global galvanized steel elevator rope production reached approximately 0.72 million tons, with an average global market price of around US$ 4,800 per ton.
The gross profit margin of major companies in the industry is between 22% – 35%.
In 2025, the global production capacity of galvanized steel elevator ropes was approximately 0.95 million tons.
Galvanized steel elevator ropes are high-strength steel wire ropes coated with zinc to enhance corrosion resistance, fatigue life, and operational safety in vertical transportation systems. They are engineered to withstand repeated bending, heavy loads, and long-term operation, ensuring reliable traction and passenger safety in elevators and lifting equipment.
The industrial chain includes upstream steel billets, wire rods, zinc materials, lubricants, and drawing equipment. The midstream focuses on wire drawing, stranding, galvanizing, surface treatment, and mechanical testing. Downstream applications mainly include passenger elevators, freight elevators, escalators, industrial lifting systems, and maintenance replacement markets.
The galvanized steel elevator rope market maintains steady growth driven by urbanization, high-rise construction, and ongoing elevator installation and replacement demand. Safety regulations and maintenance standards require regular rope replacement, supporting stable aftermarket demand. Galvanized coatings improve corrosion resistance and service life, making these ropes suitable for diverse climates and operating conditions. Technological improvements in wire drawing precision, zinc coating uniformity, and fatigue resistance enhance performance and reliability. As cities continue vertical expansion and existing buildings undergo modernization, galvanized steel elevator ropes are expected to maintain consistent demand across both new installations and replacement cycles.
LP Information, Inc. (LPI) ' newest research report, the “Galvanized Steel Elevator Ropes Industry Forecast” looks at past sales and reviews total world Galvanized Steel Elevator Ropes sales in 2025, providing a comprehensive analysis by region and market sector of projected Galvanized Steel Elevator Ropes sales for 2026 through 2032. With Galvanized Steel Elevator Ropes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Galvanized Steel Elevator Ropes industry.
This Insight Report provides a comprehensive analysis of the global Galvanized Steel Elevator Ropes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Galvanized Steel Elevator Ropes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Galvanized Steel Elevator Ropes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Galvanized Steel Elevator Ropes and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Galvanized Steel Elevator Ropes.
This report presents a comprehensive overview, market shares, and growth opportunities of Galvanized Steel Elevator Ropes market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Traction Rope
Compensating Rope
Segmentation by Core Type:
Fiber Core Galvanized Rope
Steel Core Galvanized Rope
Segmentation by Surface Treatment:
Hot-Dip Galvanized Rope
Electro-Galvanized Rope
Segmentation by Application:
Traction Elevator
Hydraulic Elevator
Machine-Room-Less (MRL) Elevator
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
PFEIFER
Tokyo Rope Mfg
Jiangsu Safety Wire Rope
BRUGG Lifting AG
Goldsun Wire Rope
Gustav Wolf GmbH
Bekaert
KISWIRE LTD
Bharat Wire Ropes
Usha Martin
Santini Funi Srl
Key Questions Addressed in this Report
What is the 10-year outlook for the global Galvanized Steel Elevator Ropes market?
What factors are driving Galvanized Steel Elevator Ropes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Galvanized Steel Elevator Ropes market opportunities vary by end market size?
How does Galvanized Steel Elevator Ropes break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
In 2025, global galvanized steel elevator rope production reached approximately 0.72 million tons, with an average global market price of around US$ 4,800 per ton.
The gross profit margin of major companies in the industry is between 22% – 35%.
In 2025, the global production capacity of galvanized steel elevator ropes was approximately 0.95 million tons.
Galvanized steel elevator ropes are high-strength steel wire ropes coated with zinc to enhance corrosion resistance, fatigue life, and operational safety in vertical transportation systems. They are engineered to withstand repeated bending, heavy loads, and long-term operation, ensuring reliable traction and passenger safety in elevators and lifting equipment.
The industrial chain includes upstream steel billets, wire rods, zinc materials, lubricants, and drawing equipment. The midstream focuses on wire drawing, stranding, galvanizing, surface treatment, and mechanical testing. Downstream applications mainly include passenger elevators, freight elevators, escalators, industrial lifting systems, and maintenance replacement markets.
The galvanized steel elevator rope market maintains steady growth driven by urbanization, high-rise construction, and ongoing elevator installation and replacement demand. Safety regulations and maintenance standards require regular rope replacement, supporting stable aftermarket demand. Galvanized coatings improve corrosion resistance and service life, making these ropes suitable for diverse climates and operating conditions. Technological improvements in wire drawing precision, zinc coating uniformity, and fatigue resistance enhance performance and reliability. As cities continue vertical expansion and existing buildings undergo modernization, galvanized steel elevator ropes are expected to maintain consistent demand across both new installations and replacement cycles.
LP Information, Inc. (LPI) ' newest research report, the “Galvanized Steel Elevator Ropes Industry Forecast” looks at past sales and reviews total world Galvanized Steel Elevator Ropes sales in 2025, providing a comprehensive analysis by region and market sector of projected Galvanized Steel Elevator Ropes sales for 2026 through 2032. With Galvanized Steel Elevator Ropes sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Galvanized Steel Elevator Ropes industry.
This Insight Report provides a comprehensive analysis of the global Galvanized Steel Elevator Ropes landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Galvanized Steel Elevator Ropes portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Galvanized Steel Elevator Ropes market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Galvanized Steel Elevator Ropes and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Galvanized Steel Elevator Ropes.
This report presents a comprehensive overview, market shares, and growth opportunities of Galvanized Steel Elevator Ropes market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Traction Rope
Compensating Rope
Segmentation by Core Type:
Fiber Core Galvanized Rope
Steel Core Galvanized Rope
Segmentation by Surface Treatment:
Hot-Dip Galvanized Rope
Electro-Galvanized Rope
Segmentation by Application:
Traction Elevator
Hydraulic Elevator
Machine-Room-Less (MRL) Elevator
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
PFEIFER
Tokyo Rope Mfg
Jiangsu Safety Wire Rope
BRUGG Lifting AG
Goldsun Wire Rope
Gustav Wolf GmbH
Bekaert
KISWIRE LTD
Bharat Wire Ropes
Usha Martin
Santini Funi Srl
Key Questions Addressed in this Report
What is the 10-year outlook for the global Galvanized Steel Elevator Ropes market?
What factors are driving Galvanized Steel Elevator Ropes market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Galvanized Steel Elevator Ropes market opportunities vary by end market size?
How does Galvanized Steel Elevator Ropes break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
108 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Galvanized Steel Elevator Ropes by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Galvanized Steel Elevator Ropes by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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