Global Steel Wire Rope Sling Market Growth 2025-2031
Description
The global Steel Wire Rope Sling market size is predicted to grow from US$ 717 million in 2025 to US$ 1078 million in 2031; it is expected to grow at a CAGR of 7.0% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Steel Wire Rope Sling is a lifting and handling equipment composed of steel wire rope, connectors, hooks, etc., which is widely used in lifting, hoisting, transportation and other work scenarios. Wire rope sling is usually used for lifting, pulling, fixing and handling heavy objects. It can provide strong bearing capacity and stability and is an important part of various lifting machinery and lifting equipment.
The Steel Wire Rope Sling industry has become an indispensable part of infrastructure construction and heavy machinery operations in the rapid development in recent years. It is widely used in marine engineering, shipbuilding, mining, logistics warehousing, engineering machinery and other fields. With the optimization of my country's economic structure and the continuous advancement of technological upgrading in various industries, the steel wire rope sling market is growing steadily, while also facing changes in market structure and fierce competition.
From the current market situation, the steel wire rope sling industry has grown steadily in the past few years. This growth is mainly due to the country's continued investment in infrastructure construction and the increasing demand for heavy machinery operations.
However, while the steel wire rope sling industry is developing steadily, it is also facing many challenges. On the one hand, due to the relatively mature manufacturing technology of wire rope slings and the low entry threshold, a large number of small and medium-sized enterprises have emerged in the market to participate in the competition. This has led to serious product homogeneity in the market, fierce price competition, and it is difficult for some companies to stand out in the fierce market environment. On the other hand, some companies in the industry have insufficient investment in technology research and development, resulting in a certain gap in the performance and quality of their products. Although the market demand for steel wire rope slings has grown steadily, the overall competitive situation in the industry is still relatively complex.
From the perspective of future development trends, the steel wire rope sling industry will be jointly promoted by multiple factors, among which policy support, technological innovation and material upgrading will become the key driving force for the development of the industry. First of all, the country's policy support for the manufacturing industry will provide a strong guarantee for the healthy development of the steel wire rope sling industry. In recent years, my country has introduced a series of preferential policies and development plans in related fields such as steel and manufacturing, which has promoted the upgrading of the industry.
Secondly, with the continuous development of digitalization, intelligence and Internet of Things technology, the production, management and maintenance mode of the steel wire rope sling industry will also undergo profound changes. Intelligent manufacturing and Internet of Things (IoT) technology will gradually be applied to the production process of steel wire rope slings, making the production of products more efficient and accurate. At the same time, the application of intelligent sensor technology will be widely promoted in the use of steel wire rope slings. Through sensors, the load, wear and safety of steel wire rope slings can be monitored in real time, further improving their service life and reducing the occurrence of failures and accidents.
LP Information, Inc. (LPI) ' newest research report, the “Steel Wire Rope Sling Industry Forecast” looks at past sales and reviews total world Steel Wire Rope Sling sales in 2024, providing a comprehensive analysis by region and market sector of projected Steel Wire Rope Sling sales for 2025 through 2031. With Steel Wire Rope Sling 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 Sling industry.
This Insight Report provides a comprehensive analysis of the global Steel Wire Rope Sling 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 Sling 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 Sling market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Wire Rope Sling 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 Sling.
This report presents a comprehensive overview, market shares, and growth opportunities of Steel Wire Rope Sling market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Pressed Wire Rope Sling
Insert Wire Rope Sling
Cast Wire Rope Sling
Others
Segmentation by Application:
Oil & Gas
Construction & Industrial Lifting
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.
WireCo WorldGroup (Union Wire Rope)
Franklin Offshore Group
Juli Sling
PFEIFER
Tokyo Rope
Bridon-Bekaert
Certex
Safety Rope
Jiangsu Langshan Wire Rope
Dolezych
Gunnebo Industries AB
Holloway Houston
Xianyang BOMCO Steel Tube & Wire Rope
Lift-All
Unirope
Ashley Sling
Midco Sling
Guizhou Steel Rope
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steel Wire Rope Sling market?
What factors are driving Steel Wire Rope Sling market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steel Wire Rope Sling market opportunities vary by end market size?
How does Steel Wire Rope Sling break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Steel Wire Rope Sling is a lifting and handling equipment composed of steel wire rope, connectors, hooks, etc., which is widely used in lifting, hoisting, transportation and other work scenarios. Wire rope sling is usually used for lifting, pulling, fixing and handling heavy objects. It can provide strong bearing capacity and stability and is an important part of various lifting machinery and lifting equipment.
The Steel Wire Rope Sling industry has become an indispensable part of infrastructure construction and heavy machinery operations in the rapid development in recent years. It is widely used in marine engineering, shipbuilding, mining, logistics warehousing, engineering machinery and other fields. With the optimization of my country's economic structure and the continuous advancement of technological upgrading in various industries, the steel wire rope sling market is growing steadily, while also facing changes in market structure and fierce competition.
From the current market situation, the steel wire rope sling industry has grown steadily in the past few years. This growth is mainly due to the country's continued investment in infrastructure construction and the increasing demand for heavy machinery operations.
However, while the steel wire rope sling industry is developing steadily, it is also facing many challenges. On the one hand, due to the relatively mature manufacturing technology of wire rope slings and the low entry threshold, a large number of small and medium-sized enterprises have emerged in the market to participate in the competition. This has led to serious product homogeneity in the market, fierce price competition, and it is difficult for some companies to stand out in the fierce market environment. On the other hand, some companies in the industry have insufficient investment in technology research and development, resulting in a certain gap in the performance and quality of their products. Although the market demand for steel wire rope slings has grown steadily, the overall competitive situation in the industry is still relatively complex.
From the perspective of future development trends, the steel wire rope sling industry will be jointly promoted by multiple factors, among which policy support, technological innovation and material upgrading will become the key driving force for the development of the industry. First of all, the country's policy support for the manufacturing industry will provide a strong guarantee for the healthy development of the steel wire rope sling industry. In recent years, my country has introduced a series of preferential policies and development plans in related fields such as steel and manufacturing, which has promoted the upgrading of the industry.
Secondly, with the continuous development of digitalization, intelligence and Internet of Things technology, the production, management and maintenance mode of the steel wire rope sling industry will also undergo profound changes. Intelligent manufacturing and Internet of Things (IoT) technology will gradually be applied to the production process of steel wire rope slings, making the production of products more efficient and accurate. At the same time, the application of intelligent sensor technology will be widely promoted in the use of steel wire rope slings. Through sensors, the load, wear and safety of steel wire rope slings can be monitored in real time, further improving their service life and reducing the occurrence of failures and accidents.
LP Information, Inc. (LPI) ' newest research report, the “Steel Wire Rope Sling Industry Forecast” looks at past sales and reviews total world Steel Wire Rope Sling sales in 2024, providing a comprehensive analysis by region and market sector of projected Steel Wire Rope Sling sales for 2025 through 2031. With Steel Wire Rope Sling 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 Sling industry.
This Insight Report provides a comprehensive analysis of the global Steel Wire Rope Sling 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 Sling 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 Sling market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Wire Rope Sling 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 Sling.
This report presents a comprehensive overview, market shares, and growth opportunities of Steel Wire Rope Sling market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Pressed Wire Rope Sling
Insert Wire Rope Sling
Cast Wire Rope Sling
Others
Segmentation by Application:
Oil & Gas
Construction & Industrial Lifting
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.
WireCo WorldGroup (Union Wire Rope)
Franklin Offshore Group
Juli Sling
PFEIFER
Tokyo Rope
Bridon-Bekaert
Certex
Safety Rope
Jiangsu Langshan Wire Rope
Dolezych
Gunnebo Industries AB
Holloway Houston
Xianyang BOMCO Steel Tube & Wire Rope
Lift-All
Unirope
Ashley Sling
Midco Sling
Guizhou Steel Rope
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steel Wire Rope Sling market?
What factors are driving Steel Wire Rope Sling market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steel Wire Rope Sling market opportunities vary by end market size?
How does Steel Wire Rope Sling break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
144 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 Steel Wire Rope Sling 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 Steel Wire Rope Sling by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
Pricing
Currency Rates
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