Aug 11, 2022   SOURCE: BusinessWire

Insights on the Steel Wire Rope & Plastic Rope Global Market to 2027 - Development of Innovative and Flexible Ropes Presents Opportunities - ResearchAndMarkets.com

The "Steel Wire Rope & Plastic Rope Market Research Report by Type of Lay (Lang Lay and Regular Lay), Coating Type, Type of Core, Material Type, Application, Region (Americas, Asia-Pacific, and Europe, Middle East & Africa) - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Steel Wire Rope & Plastic Rope Market size was estimated at USD 62.91 billion in 2021, USD 67.35 billion in 2022, and is projected to grow at a CAGR 7.32% to reach USD 96.14 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Steel Wire Rope & Plastic Rope Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Steel Wire Rope & Plastic Rope Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Steel Wire Rope & Plastic Rope Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Steel Wire Rope & Plastic Rope Market?

4. What is the competitive strategic window for opportunities in the Global Steel Wire Rope & Plastic Rope Market?

5. What are the technology trends and regulatory frameworks in the Global Steel Wire Rope & Plastic Rope Market?

6. What is the market share of the leading vendors in the Global Steel Wire Rope & Plastic Rope Market?

7. What modes and strategic moves are considered suitable for entering the Global Steel Wire Rope & Plastic Rope Market?

Market Dynamics

Drivers

  • Increasing Infrastructural Development and Growing Industrial Activities
  • Growing Urbanization and Industrial Development
  • Rising Demand from Various End-user Industries

Restraints

  • High Cost of Raw Materials and Maintenance
  • Limited Awareness About the Product

Opportunities

  • Development of Innovative and Flexible Ropes
  • Expanding Use Across Industrial & Crane Application

Challenges

  • Concerns Regarding Corrosion of Steel Wire Ropes

Companies Mentioned

  • Bekaert Sa
  • Bexco Nv Sa
  • Cortland Limited
  • English Braids Ltd.
  • Gustav Wolf GmbH
  • Jiangsu Langshan Wire Rope Co., Ltd.
  • Lanex A.S.
  • Marlow Ropes
  • Samson Rope Technologies
  • Southern Ropes
  • Teufelberger Holding Ag
  • Tokyo Rope Mfg. Co., Ltd.
  • Usha Martin
  • Wireco Worldgroup Inc.
  • Yale Cordage, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/1o7wkd