Market Overview:
Steel wire rope, a piece of a complex mechanical device which is used to support and move of an object or load in various industries such as mining, oil and gas, construction and other. It is predominantly made from high-carbon steel and stainless steel. Moreover, the wires are twisted to form strands and they designate the strength of the steel wire rope.
Influencing Trend:
Increasing Construction of Skyscrapers in Both Developed and Developing Nations and Surging Construction of Suspension Bridges, Towers and Elevators
Market Growth Drivers:
The Rapid Development of Industries Including Construction, Infrastructure, and Mining in Developing Economies and The Resurgence in the Oil and Gas Industry
Challenges:
High Labor Cost and Very Expensive and Difficult to Visually Examine Rope Interior
The key Vendors profiled in the report are WireCo World Group (United States), Tokyo Rope Manufacturing Co. Ltd. (Japan), Kiswire (South Korea), JIANGSU LANGSHAN WIRE ROPE CO. LTD (China), Guizhou Wire Rope (China), Jiangsu Fasten Group Co., Ltd. (China), Usha Martin (India), Bridon-Bekaert (Belgium), Juli Sling Co. Ltd. (China), Jiangsu Shenwang Group (China), Shinko Wire Company Ltd. (Japan), Jiangsu Safety Steel Wire Rope Co. Ltd. (China), GUSTAV WOLF GmbH (Germany) and Ansteel Group Corporation Limited (China). Additionally, other players that are of this comprehensive study are YoungHeung Iron&Steel (South Korea), PFEIFER (Germany), Teufelberger (Austria), Hubei Fuxing New Material Technology Co. Ltd. (China), Scaw Metal Group (South Africa), DIEPA - Drahtseilwerk Dietz GmbH & Co. KG (Germany) and Kabelwerke Brugg (Switzerland).