PUBLISHER: QYResearch | PRODUCT CODE: 1866845
PUBLISHER: QYResearch | PRODUCT CODE: 1866845
The global market for Steel Wire Ropes for Ropeways was estimated to be worth US$ 408 million in 2024 and is forecast to a readjusted size of US$ 543 million by 2031 with a CAGR of 4.3% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Steel Wire Ropes for Ropeways cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
In 2024, global Steel Wire Ropes for Ropeways production reached approximately 246.3 k tons, with an average global market price of around US$ 1657 per ton.
Steel Wire Ropes for Ropeways are ropes made of multiple strands of steel wire twisted according to a specific structure and process, and are used as the main component of load-bearing and traction in ropeway systems. They have high tensile strength, torsion resistance and wear resistance, and can meet the requirements of ropeway systems for safe, reliable and efficient operation.
The global Steel Wire Ropes for Ropeways market is experiencing steady growth, which is driven by the rising need for high-strength, durable ropes in passenger and freight ropeways, particularly in tourism, mining, and urban transportation. The growing popularity of ropeways as eco-friendly transit solutions, particularly in mountainous and urban regions, is fueling long-term demand.
From a competitive perspective, the market shows clear head concentration, with top players controlling a significant portion of global revenues. ArcelorMittal ROPES leads with 14.12% share, leveraging its upstream steel manufacturing advantage to serve premium markets in Europe, particularly ski resorts. Teufelberger, FATZER, and Tokyo Rope hold strong positions in Europe and Asia. In China, local players such as Ansteel, Guizhou Wire Rope, and Jiangsu Juli Wire Rope benefit from policy support, cost optimization, and growing participation in global exports, gaining market share in the mid- to low-end segments.
Key challenges facing the industry include the technological monopoly on advanced twisting and coating processes by a few top-tier manufacturers, making market entry and advancement difficult for smaller firms. Additionally, increasingly stringent global safety regulations for ropeways elevate certification costs and timelines, posing a financial and operational burden. Moreover, volatile raw material prices, particularly for iron ore, directly influence production costs and profit margins.
However, significant opportunities remain, particularly in underdeveloped regions like Africa and parts of Southeast Asia, where scenic and utility ropeway infrastructure is still limited. As tourism, mining, and rural transportation needs grow in these areas, they present lucrative expansion prospects for manufacturers, especially those offering cost-efficient solutions or localized production capabilities.
This report aims to provide a comprehensive presentation of the global market for Steel Wire Ropes for Ropeways, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Steel Wire Ropes for Ropeways by region & country, by Type, and by Application.
The Steel Wire Ropes for Ropeways market size, estimations, and forecasts are provided in terms of sales volume (Kilotons) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Steel Wire Ropes for Ropeways.
Market Segmentation
By Company
Segment by Type
Segment by Application
By Region
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Steel Wire Ropes for Ropeways manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Steel Wire Ropes for Ropeways in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Steel Wire Ropes for Ropeways in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.