Elevator Ropes Market Size - By Core Type, By Functionality, By Elevator Type & Forecast, 2023

Description

List of Tables

Elevator Ropes Market size is set to expand at over 4.5% CAGR from 2023 to 2032 driven by the increasing demand for smart and energy-efficient elevator systems. The increasing focus on sustainable building practices, energy conservation, and the higher integration of advanced technologies in modern infrastructure is fueling the demand for elevator ropes. Additionally, the adoption of high-quality, durable systems compatible with smart elevator systems is driving the preference for efficient elevator ropes in meeting the evolving needs of sustainable building solutions.

The ongoing technological advancements in elevator rope materials, designs, and manufacturing processes are also leading to the development of high-strength, durable, and low-maintenance ropes, contributing to the market growth. For instance, in September 2023, HYPRLIFT a Silicon Valley-based tech firm, received $1 million government grant to develop and build an advanced elevator deployed on concept offering radical breakthrough in vertical transportation to meet the needs of taller structures.

The elevator ropes industry is segmented into core type, functionality, elevator type, and region.

In terms of functionality, the market size from the governor functionality segment is anticipated to record substantial growth between 2023 and 2032. This is attributed to the increasing adoption of governor ropes in ensuring the safe and controlled operation of elevator systems. The rising focus on providing reliable overspeed protection, precise speed control, and emergency braking functionalities will further influence the increasing product acceptance.

Based on elevator type, the hydraulic elevator ropes industry accounted for considerable revenue share in 2022 and is estimated to witness steady growth through 2032, driven by their essential role in facilitating efficient vertical transportation solutions in low to mid-rise buildings. Moreover, the ongoing construction of residential complexes, commercial spaces, and industrial facilities is leading to the rising demand for durable and high-strength elevator ropes compatible with hydraulic systems, further fueling segment growth.

Regionally, the North America elevator ropes industry is poised to exhibit notable growth rate from 2023-2032, driven by the robust construction sector, expanding urban infrastructure, and the increasing modernization of existing buildings. Moreover, the development of advanced elevator systems and reliable vertical transportation solutions in high-rise commercial complexes and residential structures is fueling the regional adoption of high-quality elevator ropes. For instance, in June 2023, Otis Worldwide Corp. unveiled the Gen3 Core elevator, its newest member in the Gen3TM family of digitally native elevators, particularly designed for the booming two-to-six-story building sector in the continent.

Product Code: 4584

Chapter 1 Methodology & Scope

1.1 Methodology
- 1.1.1 Initial data exploration
- 1.1.2 Statistical model and forecast
- 1.1.3 Industry Insights and validation
- 1.1.4 Scope, definitions, & forecast parameters
  - 1.1.4.1 Definitions
  - 1.1.4.2 Forecast parameters & considerations
- 1.1.5 Data sources
  - 1.1.5.1 Paid sources
  - 1.1.5.2 Primary
  - 1.1.5.3 Secondary

Chapter 2 Executive Summary

2.1 Elevator ropes industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Core type trends
- 2.1.3 Functionality trends
- 2.1.4 Elevator type trends
- 2.1.5 Regional trends

Chapter 3 Elevator Ropes Industry Insights

3.1 Industry segmentation
3.2 Industry size, and forecast, 2018 - 2032
3.3 Industry ecosystem analysis
- 3.3.1 Profit margin
- 3.3.2 Value addition at each stage
- 3.3.3 Distribution channel analysis
- 3.3.4 Vendor matrix
  - 3.3.4.1 List of key component suppliers
  - 3.3.4.2 List of key manufacturers/suppliers
  - 3.3.4.3 List of key/potential customers
3.4 Raw material analysis
3.5 Innovation & sustainability
- 3.5.1 Patent Analysis
- 3.5.2 Technology landscape
- 3.5.3 Production process
- 3.5.4 Future trends
3.6 Industry impact forces
- 3.6.1 Growth drivers
  - 3.6.1.1 Rising elevator industry in Asia
  - 3.6.1.2 Growing demand for high-rise buildings
  - 3.6.1.3 Favorable government initiatives
- 3.6.2 Industry pitfalls & challenges
  - 3.6.2.1 Advent of ropeless elevators
3.7 Regulatory trends
- 3.7.1 U.S.
- 3.7.2 Europe
- 3.7.3 China
3.8 Growth potential analysis
3.9 Competitive landscape
- 3.9.1 Company performance analysis
- 3.9.2 Key stakeholders
- 3.9.3 Strategic dashboard
3.10 Porter's analysis
- 3.10.1 Threat of new entrants
- 3.10.2 Threat of substitutes
- 3.10.3 Industry rivalry
- 3.10.4 Supplier's power
- 3.10.5 Buyer's power
3.11 Regional price trends
- 3.11.1 Regional price trends
- 3.11.2 Cost structure analysis
  - 3.11.2.1 R&D cost
  - 3.11.2.2 Manufacturing cost
  - 3.11.2.3 Component and Raw Material cost
  - 3.11.2.4 Distribution cost
  - 3.11.2.5 Operating cost
  - 3.11.2.6 Miscellaneous cost
3.12 PESTEL analysis

Chapter 4 Global Elevator Ropes Market, By Core Type

4.1 Global ropes market, key core type insights
4.2 Fiber core (FC)
- 4.2.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 4.2.2 Market estimates & forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
4.3 Independent wire rope core (IWRC)
- 4.3.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 4.3.2 Market estimates & forecast, by region, 2018-2032, (Kilo Tons) (USD Million)

Chapter 5 Global Elevator Ropes Market, By Functionality

5.1 Global elevator ropes market, functionality insights
5.2 Traction/hoist
- 5.2.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 5.2.2 Market estimates & forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
5.3 Governor
- 5.3.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 5.3.2 Market estimates & forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
5.4 Compensation
- 5.4.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 5.4.2 Market estimates & forecast, by region, 2018-2032, (Kilo Tons) (USD Million)

Chapter 6 Global Elevator Ropes Market, By Elevator Type

6.1 Global elevator ropes market, elevator type insights
6.2 Machine room (MR) elevator
- 6.2.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 6.2.2 Market estimates & forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
6.3 Machine room less (MRL) elevator
- 6.3.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 6.3.2 Market estimates & forecast, by region, 2018-2032, (Kilo Tons) (USD Million)
6.4 Hydraulic elevator
- 6.4.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 6.4.2 Market estimates & forecast, by region, 2018-2032, (Kilo Tons) (USD Million)

Chapter 7 Global Elevator Ropes Market, By Region

7.1 Global elevator ropes market, regional insights
7.2 North America
- 7.2.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.2.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.2.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.2.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.2.5 U.S.
  - 7.2.5.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.2.5.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.2.5.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.2.5.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.2.6 Canada
  - 7.2.6.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.2.6.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.2.6.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.2.6.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
7.3 Europe
- 7.3.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.5 Germany
  - 7.3.5.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.5.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.5.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.5.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.6 UK
  - 7.3.6.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.6.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.6.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.6.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.7 France
  - 7.3.7.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.7.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.7.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.7.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.8 Spain
  - 7.3.8.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.8.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.8.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.8.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.9 Italy
  - 7.3.9.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.9.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.9.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.9.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.3.10 Russia
  - 7.3.10.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.10.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.10.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.3.10.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
7.4 Asia Pacific
- 7.4.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.5 China
  - 7.4.5.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.5.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.5.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.5.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.6 India
  - 7.4.6.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.6.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.6.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.6.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.7 Japan
  - 7.4.7.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.7.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.7.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.7.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.8 Australia
  - 7.4.8.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.8.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.8.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.8.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.9 Indonesia
  - 7.4.9.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.9.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.9.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.9.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.10 Malaysia
  - 7.4.10.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.10.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.10.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.10.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.4.11 South Korea
  - 7.4.11.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.11.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.11.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.4.11.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
7.5 Latin America
- 7.5.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5.5 Brazil
  - 7.5.5.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.5.5.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.5.5.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.5.5.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.5.6 Mexico
  - 7.5.6.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.5.6.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.5.6.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.5.6.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
7.6 Middle East & Africa
- 7.6.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.5 South Africa
  - 7.6.5.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.5.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.5.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.5.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.6 Saudi Arabia
  - 7.6.6.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.6.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.6.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.6.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.7 UAE
  - 7.6.7.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.7.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.7.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.7.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)
- 7.6.8 Kuwait
  - 7.6.8.1 Market estimates and forecast, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.8.2 Market estimates and forecast, by core type, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.8.3 Market estimates and forecast, by functionality, 2018 - 2032, (Kilo Tons) (USD Million)
  - 7.6.8.4 Market estimates and forecast, by elevator type, 2018 - 2032, (Kilo Tons) (USD Million)

Chapter 8 Company Profiles

8.1 BRUGG Lifting AG
- 8.1.1 Business overview
- 8.1.2 Financial data
- 8.1.3 Product landscape
- 8.1.4 SWOT analysis
8.2 WireCo WorldGroup
- 8.2.1 Business overview
- 8.2.2 Financial data
- 8.2.3 Product landscape
- 8.2.4 Strategic outlook
- 8.2.5 SWOT analysis
8.3 Gustav Wolf GmbH
- 8.3.1 Business overview
- 8.3.2 Financial data
- 8.3.3 Product landscape
- 8.3.4 Strategic outlook
- 8.3.5 SWOT analysis
8.4 Bharat Wire Ropes Limited
- 8.4.1 Business overview
- 8.4.2 Financial data
- 8.4.3 Product landscape
- 8.4.4 Strategic outlook
- 8.4.5 SWOT analysis
8.5 PFEIFER DRAKO Drahtseilwerk GmbH
- 8.5.1 Business overview
- 8.5.2 Financial data
- 8.5.3 Product landscape
- 8.5.4 SWOT analysis
8.6 Usha Martin
- 8.6.1 Business overview
- 8.6.2 Financial data
- 8.6.3 Product landscape
- 8.6.4 Strategic outlook
- 8.6.5 SWOT analysis
8.7 Tokyo Rope Mfg. Co., Ltd.
- 8.7.1 Business overview
- 8.7.2 Financial data
- 8.7.3 Product landscape
- 8.7.4 SWOT analysis
8.8 Alps Wire Rope Corporation
- 8.8.1 Business overview
- 8.8.2 Financial data
- 8.8.3 Product landscape
- 8.8.4 SWOT analysis
8.9 Jiangsu Safety Steel Wire Rope Co., Ltd
- 8.9.1 Business overview
- 8.9.2 Financial data
- 8.9.3 Product landscape
- 8.9.4 SWOT analysis
8.10 Loos & Co. Inc.
- 8.10.1 Business overview
- 8.10.2 Financial data
- 8.10.3 Product landscape
- 8.10.4 Strategic outlook
- 8.10.5 SWOT analysis
8.11 Mak Kee International H.K. Limited
- 8.11.1 Business overview
- 8.11.2 Financial data
- 8.11.3 Product landscape
- 8.11.4 SWOT analysis
8.12 Santini Funi Srl
- 8.12.1 Business overview
- 8.12.2 Financial data
- 8.12.3 Product landscape
- 8.12.4 SWOT analysis
8.13 KISWIRE LTD
- 8.13.1 Business overview
- 8.13.2 Financial data
- 8.13.3 Product landscape
- 8.13.4 SWOT analysis
8.14 DSR
- 8.14.1 Business overview
- 8.14.2 Financial data
- 8.14.3 Product landscape
- 8.14.4 SWOT analysis
8.15 Bekaert
- 8.15.1 Business overview
- 8.15.2 Financial data
- 8.15.3 Product landscape
- 8.15.4 Strategic outlook
- 8.15.5 SWOT analysis