The North America Rope Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030).
The market is expanding primarily due to the growing demand for ropes for weighing goods and materials in home and commercial settings. The need for residential dwelling units is anticipated to increase dramatically as the population grows. As a result, demand for wire and synthetic rope will be expected to rise.
Additionally, the market is growing due to the rising mining and construction equipment costs. Key makers are investing significantly in cutting-edge production techniques and materials to keep ahead of the competition. For example, Teufelberger, one of the top manufacturers of ropes, is making significant investments in advancing its ropes. The firm is undergoing extensive research to expand its line of rope products to include rope robots, 3D printers, and automation. Additionally, it is altering its product lineup to meet particular needs while serving as universal components for transmitting tensile stresses.
The U.S. economy primarily benefits from the construction industry. The sector employs over 7.8 million people, has over 753,000 employers, and builds buildings worth nearly $1.8 trillion annually. The construction industry is one of the biggest consumers of manufacturing, mining, and other services. With double-digit growth rates and significant contributions to the economy and recovery of the construction industry, the residential construction sector has been the standout performer in the US economy's recovery from the COVID-19 crisis since the third quarter of 2020. Low mortgage rates, strong demand for more significant living areas, and a dearth of available homes continue to support the industry. Consequently, the North American Market is being driven ahead by increasing building activity.
The US market dominated the North America Rope Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $3,350.7 million by 2030. The Canada market is poised to grow at a CAGR of 8.5% during (2023 - 2030). Additionally, The Mexico market would witness 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Rope Market, by Product
1.4.2 North America Rope Market, by End User
1.4.3 North America 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. North America Rope Market by Product
4.1 North America Steel Wire Market by Country
4.2 North America Synthetic Market by Country
4.3 North America Cotton Market by Country
4.4 North America Others Market by Country
Chapter 5. North America Rope Market by End User
5.1 North America Industrial Market by Country
5.2 North America Commercial Market by Country
5.3 North America Residential Market by Country
Chapter 6. North America Rope Market by Country
6.1 US Rope Market
6.1.1 US Rope Market by Product
6.1.2 US Rope Market by End User
6.2 Canada Rope Market
6.2.1 Canada Rope Market by Product
6.2.2 Canada Rope Market by End User
6.3 Mexico Rope Market
6.3.1 Mexico Rope Market by Product
6.3.2 Mexico Rope Market by End User
6.4 Rest of North America Rope Market
6.4.1 Rest of North America Rope Market by Product
6.4.2 Rest of North America 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 North America Rope Market, 2019 - 2022, USD Million
TABLE 2 North America Rope Market, 2023 - 2030, USD Million
TABLE 3 North America Rope Market by Product, 2019 - 2022, USD Million
TABLE 4 North America Rope Market by Product, 2023 - 2030, USD Million
TABLE 5 North America Steel Wire Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Steel Wire Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Synthetic Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Synthetic Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Cotton Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Cotton Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Rope Market by End User, 2019 - 2022, USD Million
TABLE 14 North America Rope Market by End User, 2023 - 2030, USD Million
TABLE 15 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Commercial Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Commercial Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Residential Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Residential Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Rope Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Rope Market by Country, 2023 - 2030, USD Million
TABLE 23 US Rope Market, 2019 - 2022, USD Million
TABLE 24 US Rope Market, 2023 - 2030, USD Million
TABLE 25 US Rope Market by Product, 2019 - 2022, USD Million
TABLE 26 US Rope Market by Product, 2023 - 2030, USD Million
TABLE 27 US Rope Market by End User, 2019 - 2022, USD Million
TABLE 28 US Rope Market by End User, 2023 - 2030, USD Million
TABLE 29 Canada Rope Market, 2019 - 2022, USD Million
TABLE 30 Canada Rope Market, 2023 - 2030, USD Million
TABLE 31 Canada Rope Market by Product, 2019 - 2022, USD Million
TABLE 32 Canada Rope Market by Product, 2023 - 2030, USD Million
TABLE 33 Canada Rope Market by End User, 2019 - 2022, USD Million
TABLE 34 Canada Rope Market by End User, 2023 - 2030, USD Million
TABLE 35 Mexico Rope Market, 2019 - 2022, USD Million
TABLE 36 Mexico Rope Market, 2023 - 2030, USD Million
TABLE 37 Mexico Rope Market by Product, 2019 - 2022, USD Million
TABLE 38 Mexico Rope Market by Product, 2023 - 2030, USD Million
TABLE 39 Mexico Rope Market by End User, 2019 - 2022, USD Million
TABLE 40 Mexico Rope Market by End User, 2023 - 2030, USD Million
TABLE 41 Rest of North America Rope Market, 2019 - 2022, USD Million
TABLE 42 Rest of North America Rope Market, 2023 - 2030, USD Million
TABLE 43 Rest of North America Rope Market by Product, 2019 - 2022, USD Million
TABLE 44 Rest of North America Rope Market by Product, 2023 - 2030, USD Million
TABLE 45 Rest of North America Rope Market by End User, 2019 - 2022, USD Million
TABLE 46 Rest of North America Rope Market by End User, 2023 - 2030, USD Million
TABLE 47 Key Information – Bridon-Bekaert Ropes Group
TABLE 48 Key Information – Cortland Limited
TABLE 49 Key Information – Marlow Ropes Ltd.
TABLE 50 Key Information – WireCo WorldGroup, Inc.
TABLE 51 Key Information – Yale Cordage
TABLE 52 Key Information – TEUFELBERGER Holding AG
TABLE 53 Key Information – English Braids Ltd.
TABLE 54 Key Information – Southern Ropes
TABLE 55 Key Information – van Beelen Group BV
TABLE 56 Key Information – Dynamica Ropes ApS
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Rope Market share by Product, 2022
FIG 3 North America Rope Market share by Product, 2030
FIG 4 North America Rope Market by Product, 2019 - 2030, USD Million
FIG 5 North America Rope Market share by End User, 2022
FIG 6 North America Rope Market share by End User, 2030
FIG 7 North America Rope Market by End User, 2019 - 2030, USD Million
FIG 8 North America Rope Market share by Region, 2022
FIG 9 North America Rope Market share by Region, 2030
FIG 10 North America 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