Global Steel Wire Rope & Fiber Rope Market Growth 2025-2031

The global Steel Wire Rope & Fiber Rope market size is predicted to grow from US$ 8927 million in 2025 to US$ 10380 million in 2031; it is expected to grow at a CAGR of 2.5% from 2025 to 2031.

Steel wire rope and fiber rope are two common types of ropes, which are widely used in lifting, traction and fixing operations. Steel wire rope is made of multiple strands of high-strength steel wires, with extremely high tensile strength, wear resistance and heat resistance, suitable for heavy-load and complex environment operations such as cranes, mines and marine engineering. Synthetic fiber rope is made of materials such as nylon, polyester, polypropylene or aramid, which is light, soft and corrosion-resistant, and suitable for maritime and other scenes that require corrosion resistance and convenience.

From the perspective of product type, wire rope occupies an absolute dominant position. Its technical advantages lie in high fatigue resistance and stability, and it is widely used in high-intensity scenarios such as lifting, mining, oil and gas. With the improvement of industrial automation and safety standards, the market demand for high-performance wire ropes continues to grow, forcing companies to increase R&D investment. For example, core manufacturers such as Bridon-Bekaert and Kiswire have improved product durability by optimizing twisting processes and coating technologies, consolidating their share in the high-end market.

At the regional level, China has become the world's largest consumer market, mainly benefiting from infrastructure expansion and manufacturing upgrades. In contrast, India will become the fastest growing country with its accelerated industrialization process and local supply chain cost advantages. As traditional markets, Europe and North America have saturated demand, and growth depends on stock equipment renewal and green energy projects (such as offshore wind power).

At the application level, lifting equipment accounts for more than 40% of the market share, and its growth (CAGR 2.86%) is directly related to global port expansion and new energy infrastructure.

From the perspective of the competitive landscape, in 2024, the world's major manufacturers include Kiswire, Bridon-Bekaert, WireCo World Group, Usha Martin, Jiangsu Langshan Wire Rope, Teufelberger and Guizhou Wire Rope Group, and the world's top five manufacturers will account for more than 20% of the market share. The leading manufacturers in the Chinese market include Jiangsu Langshan Wire Rope, Guizhou Wire Rope, Jiangsu Juli Wire Rope, SAFETY, Xianyang BOMCO and JULI SLING. At present, in the Chinese market, international manufacturers led by Brugg and Bridon-Bekaert have laid out in China early and built factories. With strong R&D capabilities, they have occupied a part of the mid-to-high-end market. Other international manufacturers such as Teufelberger and WireCo World have not built factories in China, but sell imported products in China by setting up sales branches or agents. However, in the high-end market, Chinese manufacturers are working on related technologies. China's wire rope imports have been declining year by year since 2021. Chinese manufacturers are also gradually replacing foreign manufacturers in the mid-to-high-end market, with imports of about 46,000 tons in 2024.

In the future, the growth logic of the wire rope and fiber rope market has shifted from "scale expansion" to "value enhancement". Technological innovation capabilities, regional supply chain resilience and ESG compliance will become the core variables for corporate differentiation. Under multiple challenges, manufacturers with technological foresight, global layout and risk control capabilities will lead a new round of industry reshuffles, while companies that rely on low-cost expansion may face severe survival pressure.

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

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

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

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

Segmentation by Type:
Wire Rope
Fiber Rope

Segmentation by Application:
Industrial & Crane
Oil & Gas
Mining
Fishing & Marine
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.
Kiswire
Bridon-Bekaert
WireCo World Group
Usha Martin
Jiangsu langshan Wrie Rope
Teufelberger
Guizhou steel rope
DSR Wire
Tokyo Rope
Brugg
Jiangsu Juli wire 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

Key Questions Addressed in this Report

What is the 10-year outlook for the global Steel Wire Rope & Fiber Rope market?

What factors are driving Steel Wire Rope & Fiber Rope market growth, globally and by region?

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

How do Steel Wire Rope & Fiber Rope market opportunities vary by end market size?

How does Steel Wire Rope & Fiber Rope break out by Type, by Application?

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