The global rope market size is anticipated to reach USD 2.69 billion by 2027, expanding at a CAGR of 8.5% from 2020 to 2027. Growing awareness related to diverse application of ropes across the end-use industries is likely to drive the market over the forecast period. Increasing application of synthetic rope replacing steel wires across various industries is expected to fuel the market demand over the forecast period.
In addition, consumers are increasingly investing in home improvement or home remodeling projects to revamp their traditional household structure, which is likely to contribute to the market growth. According to the American Housing Survey studied by Harvard’s Joint Center for Housing Studies, the home improvement industry size was valued at USD 383.3 billion in 2017.
High demand generated by industrial activities has boosted the application of synthetic rope owing to prominent availability of synthetic fibers, thereby contributing to the global market growth. In addition, wide application of ropes in the maritime industry provides benefits in industrial operations. Rising displacement of hard fiber ropes with synthetic ropes has advanced at a rapid scale in developed countries owing to the commercial utilization of polyolefins fiber. The product also witnesses increasing application in cranes on account of properties, such as bend fatigue durability, high strength-to-weight ratio, and robust spooling capabilities.
Synthetic ropes such as polypropylene and nylon are the commonly preferred types, which are widely used in various industrial sectors, such as construction and marine and fishing. Increasing application of nylon materials in the construction industry is expected to positively impact the demand for synthetic ropes. These braided or twisted wires provide extreme versatility for the strongest option of rope, which provides more balance and does not crook while use in construction business. These ropes are used in the fishing industry as fishing nets, twines, and ropes. These are used in trawling applications on account of better resistance to abrasion, high breaking strength, and high strength-to-weight ratio.
Synthetic ropes are widely used in the marine, fishing, and shipment industries on account of their lightweight properties, reduction in knocking up and preparing for downtime, easy handling, floatable, and avoidance of re-lubing. These ropes assist with great insulation capacity, provide resistance in chemically affected environment, and prevent any absorption.
In addition, consumers are increasingly investing in home improvement or home remodeling projects to revamp their traditional household structure, which is likely to contribute to the market growth. According to the American Housing Survey studied by Harvard’s Joint Center for Housing Studies, the home improvement industry size was valued at USD 383.3 billion in 2017.
High demand generated by industrial activities has boosted the application of synthetic rope owing to prominent availability of synthetic fibers, thereby contributing to the global market growth. In addition, wide application of ropes in the maritime industry provides benefits in industrial operations. Rising displacement of hard fiber ropes with synthetic ropes has advanced at a rapid scale in developed countries owing to the commercial utilization of polyolefins fiber. The product also witnesses increasing application in cranes on account of properties, such as bend fatigue durability, high strength-to-weight ratio, and robust spooling capabilities.
Synthetic ropes such as polypropylene and nylon are the commonly preferred types, which are widely used in various industrial sectors, such as construction and marine and fishing. Increasing application of nylon materials in the construction industry is expected to positively impact the demand for synthetic ropes. These braided or twisted wires provide extreme versatility for the strongest option of rope, which provides more balance and does not crook while use in construction business. These ropes are used in the fishing industry as fishing nets, twines, and ropes. These are used in trawling applications on account of better resistance to abrasion, high breaking strength, and high strength-to-weight ratio.
Synthetic ropes are widely used in the marine, fishing, and shipment industries on account of their lightweight properties, reduction in knocking up and preparing for downtime, easy handling, floatable, and avoidance of re-lubing. These ropes assist with great insulation capacity, provide resistance in chemically affected environment, and prevent any absorption.
Rope Market Report Highlights
- The industrial end-user segment accounted for the largest share of 45.5% in 2019 and is expected to witness the highest growth over the forecast period
- By product, synthetic rope held a major share of about 32.0% in 2019 and is expected to maintain its lead in the next few years
- APAC is expected to emerge as the fastest growing regional market in the forecast period
- The market is characterized by intense competition due to presence of a number of domestic and international players.
Table of Contents
Chapter 1. Methodology and Scope1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Segmental Outlook
2.3. Competitive Insights
Chapter 3. Rope Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industrial Value Chain Analysis
3.3.1. Sales/Retail Channel Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industrial Challenges
3.4.4. Industrial Opportunities
3.5. Business Environment Analysis
3.5.1. Industrial Analysis - Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of Rope Market
3.7. Market Entry Strategies
Chapter 4. Consumer Behavior Analysis
4.1. Consumer Trends and Preferences
4.2. Factors Affecting Buying Decision
4.3. Consumer Product Adoption
4.4. Observations & Recommendations
Chapter 5. Rope Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2019 & 2027
5.2. Synthetic
5.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.3. Steel
5.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.4. Cotton
5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
Chapter 6. Rope Market: End-user Estimates & Trend Analysis
6.1. End-user Movement Analysis & Market Share, 2019 & 2027
6.2. Residential
6.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.3. Commercial
6.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
6.4. Industrial
6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
Chapter 7. Rope Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2019 & 2027
7.2. North America
7.2.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.2.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.2.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.2.4. U.S.
7.2.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.2.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.2.4.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.3. Europe
7.3.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.3.4. Germany
7.3.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.4.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.3.5. U.K.
7.3.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.3.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.3.5.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.4.4. China
7.4.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.4.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.4.5. India
7.4.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.4.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.4.5.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.5. Central & South America
7.5.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.5.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.5.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.5.4. Brazil
7.5.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.5.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.5.4.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.6. Middle East & Africa
7.6.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.6.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.6.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
7.6.4. South Africa
7.6.4.1. Market estimates and forecast, 2016 - 2027 (USD Million)
7.6.4.2. Market estimates and forecast, by product, 2016 - 2027 (USD Million)
7.6.4.3. Market estimates and forecast, by end user, 2016 - 2027 (USD Million)
Chapter 8. Competitive Analysis
8.1. Key global players, recent developments & their impact on the Industrial
8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
8.3. Vendor Landscape
8.3.1. Key company market share analysis, 2019
Chapter 9. Company Profiles
9.1. WireCo WorldGroup
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Strategic Initiatives
9.2. Cortland Limited
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Strategic Initiatives
9.3. Bridon-Bekaert
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Strategic Initiatives
9.4. Southern Ropes
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Strategic Initiatives
9.5. MAGENTO, INC.
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Strategic Initiatives
9.6. Van Beelen Industrie en Handel B.V
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Strategic Initiatives
9.7. TEUFELBERGER
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Strategic Initiatives
9.8. , Yale Cordage
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Strategic Initiatives
9.9. Dynamica Ropes
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Strategic Initiatives
9.10. Marlow Ropes Ltd.
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Strategic Initiatives
List of Tables
1. Rope - Key market driver analysis
2. Rope - Key market restraint analysis
3. Global synthetic rope market estimates and forecast, 2016 - 2027 (USD Million)
4. Global cotton rope market estimates and forecast, 2016 - 2027 (USD Million)
5. Global steel rope market estimates and forecast, 2016 - 2027 (USD Million)
6. Global other rope market estimates and forecast, 2016 - 2027 (USD Million)
7. Global residential rope market estimates and forecast, 2016 - 2027 (USD Million)
8. Global commercial rope market estimates and forecast, 2016 - 2027 (USD Million)
9. Global industrial rope market estimates and forecast, 2016 - 2027 (USD Million)
10. North America Rope market estimates and forecast, 2016 - 2027 (USD Million)
11. North America Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
12. North America Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
13. U.S. Rope market estimates and forecast, 2016 - 2027 (USD Million)
14. U.S. Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
15. U.S. Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
16. Europe Rope market estimates and forecast, 2016 - 2027 (USD Million)
17. Europe Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
18. Europe Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
19. Germany Rope market estimates and forecast, 2016 - 2027 (USD Million)
20. Germany Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
21. Germany Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
22. U.K. Rope market estimates and forecast, 2016 - 2027 (USD Million)
23. U.K. Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
24. U.K. Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
25. Asia Pacific Rope market estimates and forecast, 2016 - 2027 (USD Million)
26. Asia Pacific Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
27. Asia Pacific Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
28. China Rope market estimates and forecast, 2016 - 2027 (USD Million)
29. China Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
30. China Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
31. India Rope market estimates and forecast, 2016 - 2027 (USD Million)
32. India Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
33. India Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
34. Central & South America Rope market estimates and forecast, 2016 - 2027 (USD Million)
35. Central & South America Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
36. Central & South America Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
37. Brazil Rope market estimates and forecast, 2016 - 2027 (USD Million)
38. Brazil Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
39. Brazil Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
40. Middle East & Africa Rope market estimates and forecast, 2016 - 2027 (USD Million)
41. Middle East & Africa Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
42. Middle East & Africa Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
43. South Africa Rope market estimates and forecast, 2016 - 2027 (USD Million)
44. South Africa Rope market revenue estimates and forecast by product, 2016 - 2027 (USD Million)
45. South Africa Rope market revenue estimates and forecast by end user, 2016 - 2027 (USD Million)
46. Vendor landscape
List of Figures
1. Rope market snapshot
2. Rope market segmentation & scope
3. Rope market penetration & growth prospect mapping
4. Rope value chain analysis
5. Rope market dynamics
6. Rope market: Porter's analysis
7. Rope market: Product movement analysis
8. Rope market: End-user movement analysis
9. Rope market: Regional movement analysis
Companies Mentioned
- WireCo WorldGroup
- Cortland Limited
- Bridon-Bekaert
- Southern Ropes
- MAGENTO, INC.
- Van Beelen Industrie en Handel B.V
- TEUFELBERGER
- Yale Cordage
- Dynamica Ropes
- Marlow Ropes Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | July 2022 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD | $ 1517.3 Million |
| Forecasted Market Value ( USD | $ 2690 Million |
| Compound Annual Growth Rate | 8.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
