The synthetic rope market is estimated at USD 2.22 billion in 2024 and is projected to reach USD 3.07 billion by 2029, at a CAGR of 6.7% from 2024 to 2029. Nylon dominated the material type segment of synthetic rope market in terms of value in 2023. This is due to the rapidly growing demand of nylon synthetic ropes due to their unique combination of extraordinary properties and potential applications across various industries. Nylon ropes exhibit exemplary resistance to abrasion, UV rays, and chemicals. Nylon ropes exhibit an excellent stretch capability, typically stretching between 15% to 40% before breaking. This exemplary elasticity allows them to absorb shock loads effectively, making them suitable for demanding applications like mooring and towing.
Innovations and advancements in synthetic rope technology have led to the development of high-performance ropes that offer superior strength-to-weight ratios, resistance to abrasion, and UV degradation. These advancements have made synthetic ropes more appealing for sports and leisure applications.
The marine & fishing, oil & gas, and sports & leisure industries are some of the growing industries where synthetic rope plays a vital role in many applications. Synthetic rope’s unique properties such as flexibility, durability, and strength - to- weight ratio, are increasingly utilized in the marine & fishing, oil & gas, and sports & leisure sectors.
The competitive environment in North America is characterized by numerous players investing heavily in R&D to enhance their product offerings. Companies such as Cortland International, Wireco Worldgroup Inc., and Samson Rope Technologies are expanding their market presence through strategic partnerships and collaborations, which further drives the market growth.
The scope of the report includes detailed information about the major factors influencing the growth of the synthetic rope market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. New product and service launches, mergers and acquisitions, and recent developments in the synthetic rope market are all covered. This report includes a competitive analysis of upcoming startups in the synthetic rope market ecosystem.
Braided synthetic rope accounted for the largest share of the overall synthetic rope market, by construction type, in terms of value.
Braided ropes are generally stronger than twisted ropes, hence widely accepted across various industries. The construction of braided ropes involves interweaving of multiple strands, which distributes stress more evenly across the entire rope. This construction pattern results in higher breaking strength and greater durability, making braided ropes suitable for demanding applications like mooring, towing, climbing, lifting, and various other marine applications.Medium strength rating led the strength rating segment during the forecast period, in terms of value in the synthetic rope market.
Medium strength rating segment dominated the synthetic rope market and is expected to grow at a CAGR of 6.3% during the forecast period. These ropes are able to strike a balance between durability, strength, and versatility. Medium strength synthetic ropes can handle a wide range of applications making them suitable for tasks like lifting, towing, and anchoring. This adaptability allows industries to use them across different scenarios without needing multiple types of ropes. In conclusion, medium strength rating ropes are favoured over other strength rating ropes due to their balanced performance, enhanced safety features, weight efficiency, versatility in applications, and resistance to environmental factors.Sports & Leisure end-use industry is expected to have the fastest growth rate in terms of value, amongst all the end-use industries in the synthetic rope market.’
Sports & Leisure end-use industry is expected to grow faster than other end-use industries where synthetic rope is used. There is a growing trend of outdoor recreational activities such as sailing, climbing, and water sports. This increase in participation drives demand for high-quality synthetic ropes that are lightweight, safe, and durable. As more people engage in these activities, the need for reliable equipment, including ropes, rises.Innovations and advancements in synthetic rope technology have led to the development of high-performance ropes that offer superior strength-to-weight ratios, resistance to abrasion, and UV degradation. These advancements have made synthetic ropes more appealing for sports and leisure applications.
During the forecast period, synthetic rope market in North America region is projected to have the largest market share, in terms of value amongst all regions
In terms of value, North America accounted for the largest market share of the synthetic rope market due to increasing demand for synthetic rope across various sectors, especially in marine & fishing and sports & leisure industries.The marine & fishing, oil & gas, and sports & leisure industries are some of the growing industries where synthetic rope plays a vital role in many applications. Synthetic rope’s unique properties such as flexibility, durability, and strength - to- weight ratio, are increasingly utilized in the marine & fishing, oil & gas, and sports & leisure sectors.
The competitive environment in North America is characterized by numerous players investing heavily in R&D to enhance their product offerings. Companies such as Cortland International, Wireco Worldgroup Inc., and Samson Rope Technologies are expanding their market presence through strategic partnerships and collaborations, which further drives the market growth.
This study has been validated through primary interviews with industry experts globally. These primary sources have been divided into the following three categories:
- By Company Type- Tier 1 - 60%, Tier 2 - 20%, and Tier 3 - 20%
- By Designation- C Level - 33%, Director Level - 33%, and Others - 34%
- By Region- North America - 20%, Europe - 25%, Asia Pacific - 25%, Middle East & Africa (MEA) - 20%, South America - 10%.
The report provides a comprehensive analysis of company profiles:
Prominent companies include Cortland International (US), Wireco Worldgroup Inc. (US), Samson Rope Technologies (US), Southern Ropes (South Africa), English Braids Ltd. (UK), Marlow Ropes (England), Teufelberger (Austria), Bekaert (Belgium), Yale Cordage Inc. (US), Lanex A.S. (Czech Republic), Unirope Ltd. (Canada), Novatec Braids, Ltd. (Canada), Katradis Marine Ropes Ind. S.A. (Greece), Kennedy Wire Rope & Sling (US), Atlantic Braids (Canada), Touwfabriek Langman BV (Netherlands), Parker Hannifin Corporation (US), Axiom Cordages Limited (India), Koronakis SA (Greece), DSR Corp. (Korea), Bluewater Ropes (US), and Cancord Ropes Inc. (Canada).Research Coverage
This research report categorizes the synthetic rope market By Material Type (Polypropylene, Polyester, Nylon, Polyethylene, and Specialty Fibers), By Construction Type (Braided, Twisted, and Plaited), By Strength Rating (Low, Medium, and High), By End-use Industry (Marine & Fishing, Sports & Leisure, Oil & Gas, Construction, Cranes, and Other End-use Industries), and By Region (North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America).The scope of the report includes detailed information about the major factors influencing the growth of the synthetic rope market, such as drivers, restraints, challenges, and opportunities. A thorough examination of the key industry players has been conducted to provide insights into their business overview, solutions, and services, key strategies, contracts, partnerships, and agreements. New product and service launches, mergers and acquisitions, and recent developments in the synthetic rope market are all covered. This report includes a competitive analysis of upcoming startups in the synthetic rope market ecosystem.
Reasons to buy this report:
The report will help the market leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall synthetic rope market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.The report provides insights on the following pointers:
- Analysis of key drivers (High strength and light weight of synthetic ropes and safety aspects associated with synthetic ropes), restraints (High raw material costs and requirement for frequent preventative maintenance and availability of alternatives (steel wire ropes), opportunities (Development of multifilament ropes and growing use of synthetic ropes in adventure sports and outdoor recreational activities), and challenges (Environmental Regulations related to production and disposal of synthetic products and Competition from natural fiber ropes) influencing the growth of the synthetic rope market.
- Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the synthetic rope market.
- Market Development: Comprehensive information about lucrative markets - the report analyses the synthetic rope market across varied regions.
- Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the synthetic rope market
- Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like, include Cortland International (US), Wireco Worldgroup Inc. (US), Samson Rope Technologies (US), Southern Ropes (South Africa), English Braids Ltd. (UK), Marlow Ropes (England), Teufelberger (Austria), Bekaert (Belgium), Yale Cordage Inc. (US), Lanex A.S. (Czech Republic), Unirope Ltd. (Canada), Novatec Braids, Ltd. (Canada), Katradis Marine Ropes Ind. S.A. (Greece), Kennedy Wire Rope & Sling (US), Atlantic Braids (Canada), Touwfabriek Langman BV (Netherlands), Parker Hannifin Corporation (US), Axiom Cordages Limited (India), Koronakis SA (Greece), DSR Corp. (Korea), Bluewater Ropes (US), and Cancord Ropes Inc. (Canada) among others in the synthetic rope market.
Table of Contents
1 Introduction
2 Research Methodology
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Synthetic Rope Market, by Material Type
8 Synthetic Rope Market, by Construction Type
9 Synthetic Rope Market, by Strength Rating
10 Synthetic Rope Market, by End-use Industry
11 Synthetic Rope Market, by Region
12 Competitive Landscape
13 Company Profiles
14 Appendix
List of Tables
List of Figures
Companies Mentioned
- Cortland International
- Wireco Worldgroup Inc.
- Samson Rope Technologies
- Southern Ropes
- English Braids Ltd.
- Marlow Ropes
- Teufelberger
- Bekaert
- Yale Cordage Inc.
- Lanex A.S.
- Unirope Ltd.
- Novatec Braids, Ltd.
- Katradis Marine Ropes Ind. SA
- Kennedy Wire Rope & Sling
- Atlantic Braids
- Touwfabriek Langman Bv
- Parker Hannifin Corporation
- Axiom Cordages Limited
- Koronakis SA
- Dsr Corp.
- Bluewater Ropes
- Cancord Ropes Inc.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 271 |
Published | January 2025 |
Forecast Period | 2024 - 2029 |
Estimated Market Value ( USD | $ 2.22 Billion |
Forecasted Market Value ( USD | $ 3.07 Billion |
Compound Annual Growth Rate | 6.7% |
Regions Covered | Global |
No. of Companies Mentioned | 22 |