The Asia Pacific Rope Market would witness market growth of 6.8% CAGR during the forecast period (2023-2030).
The industrial sector is the key factor driving the market's growth, where a wide variety of rope applications exist owing to its adaptability in moving heavy objects due to advances in material science. The growing usage of rope in the building of high-rise structures, especially in emerging countries, is another key factor that is projected to positively affect market development in the future. Due to the widespread commercial usage of polyolefin fiber, synthetic ropes have swiftly replaced hard fiber ropes in industrialized nations. Adopting synthetic ropes will bring about a revolution of changes in the sector.
Conventional materials like nylon and steel wire are being replaced in the market. The extensive usage of synthetic ropes in industrial activities also aids the maritime industry. Lighter, stronger, floatable, and less corrosive mooring, ship-assist, inland towing, and hoisting lines are just a few benefits it provides. Steel wire rope is one of the various types widely used for hosting and lifting in applications along with the transmission of mechanical power. The Indian government's "Housing for Everyone by 2022" initiative will continue to be a key factor in developing these types of ropes.
India is one of the top 10 home markets in the world for price appreciation. By 2023, organized retail real estate stock is anticipated to grow by 28% to 82 million square feet. ICRA forecasts that Indian businesses will raise more than Rs. 3.5 trillion (US$ 48 billion) via infrastructure and real estate investment trusts in 2022 as opposed to the US$ 29 billion raised. The government has permitted FDI of up to 100% for projects aimed at developing townships and settlements. From April 2000 to December 2022, FDI in the sector amounted to $55.5 billion, including construction development and activities. As a result, the area sees the most use of synthetic ropes in various sectors, especially the construction industry.
The China market dominated the Asia Pacific Rope Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $2,418.6 million by 2030. The Japan market is estimated to grow at a CAGR of 6.1% during (2023 - 2030). Additionally, The India market would exhibit a CAGR of 7.5% during (2023 - 2030).
Based on Product, the market is segmented into Steel Wire, Synthetic, Cotton, and Others. Based on End User, the market is segmented into Industrial, Commercial, and Residential. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Rope Market is Projected to reach USD 19.7 Billion by 2030, at a CAGR of 6.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Bridon-Bekaert Ropes Group (Bekaert Group), Cortland Limited (Enerpac Tool Group), Marlow Ropes Ltd., WireCo WorldGroup, Inc., Yale Cordage, TEUFELBERGER Holding AG, English Braids Ltd., Southern Ropes, van Beelen Group BV and Dynamica Ropes ApS (Netmark Holding).
Scope of the Study
Market Segments Covered in the Report:
By Product
- Steel Wire
- Synthetic
- Cotton
- Others
By End User
- Industrial
- Commercial
- Residential
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Bridon-Bekaert Ropes Group (Bekaert Group)
- Cortland Limited (Enerpac Tool Group)
- Marlow Ropes Ltd.
- WireCo WorldGroup, Inc.
- Yale Cordage
- TEUFELBERGER Holding AG
- English Braids Ltd.
- Southern Ropes
- van Beelen Group BV
- Dynamica Ropes ApS (Netmark Holding)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Rope Market, by Product
1.4.2 Asia Pacific Rope Market, by End User
1.4.3 Asia Pacific Rope Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Strategies Deployed in Rope Market
Chapter 4. Asia Pacific Rope Market by Product
4.1 Asia Pacific Steel Wire Market by Country
4.2 Asia Pacific Synthetic Market by Country
4.3 Asia Pacific Cotton Market by Country
4.4 Asia Pacific Others Market by Country
Chapter 5. Asia Pacific Rope Market by End User
5.1 Asia Pacific Industrial Market by Country
5.2 Asia Pacific Commercial Market by Country
5.3 Asia Pacific Residential Market by Country
Chapter 6. Asia Pacific Rope Market by Country
6.1 China Rope Market
6.1.1 China Rope Market by Product
6.1.2 China Rope Market by End User
6.2 Japan Rope Market
6.2.1 Japan Rope Market by Product
6.2.2 Japan Rope Market by End User
6.3 India Rope Market
6.3.1 India Rope Market by Product
6.3.2 India Rope Market by End User
6.4 South Korea Rope Market
6.4.1 South Korea Rope Market by Product
6.4.2 South Korea Rope Market by End User
6.5 Singapore Rope Market
6.5.1 Singapore Rope Market by Product
6.5.2 Singapore Rope Market by End User
6.6 Malaysia Rope Market
6.6.1 Malaysia Rope Market by Product
6.6.2 Malaysia Rope Market by End User
6.7 Rest of Asia Pacific Rope Market
6.7.1 Rest of Asia Pacific Rope Market by Product
6.7.2 Rest of Asia Pacific Rope Market by End User
Chapter 7. Company Profiles
7.1 Bridon-Bekaert Ropes Group (Bekaert Group)
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.2 Cortland Limited (Enerpac Tool Group)
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.3 Marlow Ropes Ltd.
7.3.1 Company Overview
7.3.2 Recent strategies and developments:
7.3.2.1 Partnerships, Collaborations, and Agreements:
7.3.2.2 Product Launches and Product Expansions:
7.4 WireCo WorldGroup, Inc.
7.4.1 Company Overview
7.4.2 Recent strategies and developments:
7.4.2.1 Product Launches and Product Expansions:
7.5 Yale Cordage
7.5.1 Company Overview
7.5.2 Recent Strategies and Developments:
7.5.2.1 Product Launches and Product Expansions:
7.6 TEUFELBERGER Holding AG
7.6.1 Company Overview
7.6.2 Recent strategies and developments:
7.6.2.1 Product Launches and Product Expansions:
7.6.2.2 Acquisition and Mergers:
7.7 English Braids Ltd.
7.7.1 Company Overview
7.8 Southern Ropes
7.8.1 Company Overview
7.9 van Beelen Group BV
7.9.1 Company Overview
7.10. Dynamica Ropes ApS (Netmark Holding)
7.10.1 Company Overview
TABLE 1 Asia Pacific Rope Market, 2019 - 2022, USD Million
TABLE 2 Asia Pacific Rope Market, 2023 - 2030, USD Million
TABLE 3 Asia Pacific Rope Market by Product, 2019 - 2022, USD Million
TABLE 4 Asia Pacific Rope Market by Product, 2023 - 2030, USD Million
TABLE 5 Asia Pacific Steel Wire Market by Country, 2019 - 2022, USD Million
TABLE 6 Asia Pacific Steel Wire Market by Country, 2023 - 2030, USD Million
TABLE 7 Asia Pacific Synthetic Market by Country, 2019 - 2022, USD Million
TABLE 8 Asia Pacific Synthetic Market by Country, 2023 - 2030, USD Million
TABLE 9 Asia Pacific Cotton Market by Country, 2019 - 2022, USD Million
TABLE 10 Asia Pacific Cotton Market by Country, 2023 - 2030, USD Million
TABLE 11 Asia Pacific Others Market by Country, 2019 - 2022, USD Million
TABLE 12 Asia Pacific Others Market by Country, 2023 - 2030, USD Million
TABLE 13 Asia Pacific Rope Market by End User, 2019 - 2022, USD Million
TABLE 14 Asia Pacific Rope Market by End User, 2023 - 2030, USD Million
TABLE 15 Asia Pacific Industrial Market by Country, 2019 - 2022, USD Million
TABLE 16 Asia Pacific Industrial Market by Country, 2023 - 2030, USD Million
TABLE 17 Asia Pacific Commercial Market by Country, 2019 - 2022, USD Million
TABLE 18 Asia Pacific Commercial Market by Country, 2023 - 2030, USD Million
TABLE 19 Asia Pacific Residential Market by Country, 2019 - 2022, USD Million
TABLE 20 Asia Pacific Residential Market by Country, 2023 - 2030, USD Million
TABLE 21 Asia Pacific Rope Market by Country, 2019 - 2022, USD Million
TABLE 22 Asia Pacific Rope Market by Country, 2023 - 2030, USD Million
TABLE 23 China Rope Market, 2019 - 2022, USD Million
TABLE 24 China Rope Market, 2023 - 2030, USD Million
TABLE 25 China Rope Market by Product, 2019 - 2022, USD Million
TABLE 26 China Rope Market by Product, 2023 - 2030, USD Million
TABLE 27 China Rope Market by End User, 2019 - 2022, USD Million
TABLE 28 China Rope Market by End User, 2023 - 2030, USD Million
TABLE 29 Japan Rope Market, 2019 - 2022, USD Million
TABLE 30 Japan Rope Market, 2023 - 2030, USD Million
TABLE 31 Japan Rope Market by Product, 2019 - 2022, USD Million
TABLE 32 Japan Rope Market by Product, 2023 - 2030, USD Million
TABLE 33 Japan Rope Market by End User, 2019 - 2022, USD Million
TABLE 34 Japan Rope Market by End User, 2023 - 2030, USD Million
TABLE 35 India Rope Market, 2019 - 2022, USD Million
TABLE 36 India Rope Market, 2023 - 2030, USD Million
TABLE 37 India Rope Market by Product, 2019 - 2022, USD Million
TABLE 38 India Rope Market by Product, 2023 - 2030, USD Million
TABLE 39 India Rope Market by End User, 2019 - 2022, USD Million
TABLE 40 India Rope Market by End User, 2023 - 2030, USD Million
TABLE 41 South Korea Rope Market, 2019 - 2022, USD Million
TABLE 42 South Korea Rope Market, 2023 - 2030, USD Million
TABLE 43 South Korea Rope Market by Product, 2019 - 2022, USD Million
TABLE 44 South Korea Rope Market by Product, 2023 - 2030, USD Million
TABLE 45 South Korea Rope Market by End User, 2019 - 2022, USD Million
TABLE 46 South Korea Rope Market by End User, 2023 - 2030, USD Million
TABLE 47 Singapore Rope Market, 2019 - 2022, USD Million
TABLE 48 Singapore Rope Market, 2023 - 2030, USD Million
TABLE 49 Singapore Rope Market by Product, 2019 - 2022, USD Million
TABLE 50 Singapore Rope Market by Product, 2023 - 2030, USD Million
TABLE 51 Singapore Rope Market by End User, 2019 - 2022, USD Million
TABLE 52 Singapore Rope Market by End User, 2023 - 2030, USD Million
TABLE 53 Malaysia Rope Market, 2019 - 2022, USD Million
TABLE 54 Malaysia Rope Market, 2023 - 2030, USD Million
TABLE 55 Malaysia Rope Market by Product, 2019 - 2022, USD Million
TABLE 56 Malaysia Rope Market by Product, 2023 - 2030, USD Million
TABLE 57 Malaysia Rope Market by End User, 2019 - 2022, USD Million
TABLE 58 Malaysia Rope Market by End User, 2023 - 2030, USD Million
TABLE 59 Rest of Asia Pacific Rope Market, 2019 - 2022, USD Million
TABLE 60 Rest of Asia Pacific Rope Market, 2023 - 2030, USD Million
TABLE 61 Rest of Asia Pacific Rope Market by Product, 2019 - 2022, USD Million
TABLE 62 Rest of Asia Pacific Rope Market by Product, 2023 - 2030, USD Million
TABLE 63 Rest of Asia Pacific Rope Market by End User, 2019 - 2022, USD Million
TABLE 64 Rest of Asia Pacific Rope Market by End User, 2023 - 2030, USD Million
TABLE 65 Key Information – Bridon-Bekaert Ropes Group
TABLE 66 Key Information – Cortland Limited
TABLE 67 Key Information – Marlow Ropes Ltd.
TABLE 68 Key Information – WireCo WorldGroup, Inc.
TABLE 69 Key Information – Yale Cordage
TABLE 70 Key Information – TEUFELBERGER Holding AG
TABLE 71 Key Information – English Braids Ltd.
TABLE 72 Key Information – Southern Ropes
TABLE 73 Key Information – van Beelen Group BV
TABLE 74 Key Information – Dynamica Ropes ApS
List of Figures
FIG 1 Methodology for the research
FIG 2 Asia Pacific Rope Market share by Product, 2022
FIG 3 Asia Pacific Rope Market share by Product, 2030
FIG 4 Asia Pacific Rope Market by Product, 2019 - 2030, USD Million
FIG 5 Asia Pacific Rope Market share by End User, 2022
FIG 6 Asia Pacific Rope Market share by End User, 2030
FIG 7 Asia Pacific Rope Market by End User, 2019 - 2030, USD Million
FIG 8 Asia Pacific Rope Market share by Region, 2022
FIG 9 Asia Pacific Rope Market share by Region, 2030
FIG 10 Asia Pacific Rope Market by Region, 2019 - 2030, USD Million
FIG 11 Recent strategies and developments: Bridon-Bekaert Ropes Group
FIG 12 Recent strategies and developments: Marlow Ropes Ltd.
FIG 13 Recent strategies and developments: TEUFELBERGER Holding AG