Global Multi Strand Steel Wire Rope Market Growth 2025-2031

The global Multi Strand Steel Wire Rope market size is predicted to grow from US$ 5559 million in 2025 to US$ 6522 million in 2031; it is expected to grow at a CAGR of 2.7% from 2025 to 2031.

Multi strand steel wire rope is a flexible rope made by twisting multiple steel wires into strands, and then twisting multiple strands around a core. It has high strength, wear resistance, corrosion resistance, fatigue resistance and other characteristics, and is an important engineering material. The structural design of multi strand steel wire rope enables it to withstand various complex loads such as tension, bending, and torsion, and is widely used in fields such as lifting, traction, fixation, and transmission.

United States market for Multi Strand Steel Wire Rope is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

China market for Multi Strand Steel Wire Rope is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Europe market for Multi Strand Steel Wire Rope is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.

Global key Multi Strand Steel Wire Rope players cover Pfeifer, Tokyo Rope, Brugg, Kiswire, DSR Wire, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.

LP Information, Inc. (LPI) ' newest research report, the “Multi Strand Steel Wire Rope Industry Forecast” looks at past sales and reviews total world Multi Strand Steel Wire Rope sales in 2024, providing a comprehensive analysis by region and market sector of projected Multi Strand Steel Wire Rope sales for 2025 through 2031. With Multi Strand Steel Wire Rope sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Multi Strand Steel Wire Rope industry.

This Insight Report provides a comprehensive analysis of the global Multi Strand Steel Wire Rope 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 Multi Strand Steel Wire Rope portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Multi Strand Steel Wire Rope market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Multi Strand Steel Wire Rope 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 Multi Strand Steel Wire Rope.

This report presents a comprehensive overview, market shares, and growth opportunities of Multi Strand Steel Wire Rope market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
Parallel Twist Wire Rope
Cross-twisted Wire Rope

Segmentation by Application:
Industrial and Crane
Elevators and Cable Cars
Marine Engineering
Mining and Oilfield
Others

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
Brugg
Kiswire
DSR Wire
Kobelco
Bekaert
Usha Martin
Gustav Wolf
WireCo World Group
Teufelberger
DIEPA
YoungWire
Hebei Juli Sling
Jiangsu Shenwang Group Wire Rope
Hubei Fuxing New Material
Jiangsu Safety Wire Rope
Guizhou Wire Rope
Jiangsu Fasten Group
Jiangsu langshan Wrie Rope

Key Questions Addressed in this Report

What is the 10-year outlook for the global Multi Strand Steel Wire Rope market?

What factors are driving Multi Strand Steel Wire Rope market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Multi Strand Steel Wire Rope market opportunities vary by end market size?

How does Multi Strand Steel Wire Rope break out by Type, by Application?

Please note: The report will take approximately 2 business days to prepare and deliver.