Steel Wire Ropes for Ropeways Research: registering a CAGR of 3.7% from 2025 to 2031 QY Research Inc.

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Steel Wire Ropes for Ropeways Research: registering a CAGR of 3.7% from 2025 to 2031

QY Research Inc. (Global Market Report Research Publisher) announces the release of 2025 latest report “Steel Wire Ropes for Ropeways- Global Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031”. Based on current situation and impact historical analysis (2020-2024) and forecast calculations (2025-2031), this report provides a comprehensive analysis of the global Wire Drawing Dies market, including market size, share, demand, industry development status, and forecasts for the next few years.

The global market for Steel Wire Ropes for Ropeways was estimated to be worth US$ million in 2024 and is forecast to a readjusted size of US$ million by 2031 with a CAGR of %during the forecast period 2025-2031.

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Steel Wire Ropes for Ropeways Market Summary

The global market for Steel Wire Ropes for Ropeways is poised for steady growth, driven by expanding infrastructure in mountainous and urban transport systems, as well as growing tourism in high-altitude regions. According to the latest QYResearch report, the market is projected to reach USD 0.54 billion by 2031, registering a CAGR of 3.7% from 2025 to 2031. These ropes, essential for ensuring safe, reliable transport in cable cars, gondolas, material lifts, and chairlifts, are increasingly integrated into modern urban mobility plans and industrial logistics in challenging terrains. As climate change and congestion drive cities to explore aerial mobility, ropeway systems—and the ropes that make them safe—are receiving renewed attention.

Figure00001. Global Steel Wire Ropes for Ropeways Market Size (US$ million), 2025-2031

Above data is based on report from QYResearch: Global Steel Wire Ropes for Ropeways Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Two major application segments define this market: Passenger Ropeways and Material Ropeways. In 2024, Passenger Ropeways account for 69.40% of total demand, reflecting the strong momentum of tourism, ski resorts, and urban cable car systems across the globe. These ropes must meet the highest standards of durability, fatigue resistance, and dynamic load capacity, often operating under extreme conditions. The Material Ropeways segment, which holds the remaining 30.60%, serves mining, construction, and other industries needing efficient bulk transport over difficult terrains. In both segments, wire rope design is becoming more specialized, with increased demand for plastic-coated, rotation-resistant, and compacted strand products.

Geographically, Europe leads the global market with 40.90% share, followed by Asia Pacific at 35.48% and North America at 16.71% as of 2024. Europe benefits from mature tourism infrastructure and environmental regulations encouraging low-impact mobility systems. Asia Pacific’s rapid expansion is driven by countries like China and India, where investments in highland transportation, winter sports, and industrial ropeways are surging. Meanwhile, North America maintains stable growth, fueled by ski resorts in the U.S. and Canada. Latin America and the Middle East & Africa, although smaller in share, present long-term growth potential with increasing investment in tourism and extractive industries in mountainous regions.

The industry is moderately concentrated, with the top five manufacturers accounting for 44% and the top ten occupying 60% of the market share. Key global players include ArcelorMittal ROPES, Teufelberger, FATZER, Tokyo Rope, Bekaert, and Usha Martin, all known for their engineering expertise, quality control, and decades of experience. Asian suppliers such as Ansteel, Guizhou Wire Rope, Langshan Wire Rope, Jiangsu Juli, and Zhongying are also expanding their global footprint, offering cost-competitive and increasingly high-performance solutions. Competition is driven by rope lifecycle, corrosion resistance, and fatigue performance under continuous bending and dynamic stress.

Figure00002. Global Steel Wire Ropes for Ropeways Top 9 Players Ranking and Market Share (Ranking is based on the revenue of 2024, continually updated)

Steel Wire Ropes for Ropeways

Above data is based on report from QYResearch: Global Steel Wire Ropes for Ropeways Market Report 2025-2031 (published in 2025). If you need the latest data, plaese contact QYResearch.

Innovation and certification are vital drivers in this sector. Major ropeway manufacturers and operators demand compliance with international standards such as EN 12385, ISO 4309, and UIAA for rope safety. Technologies like non-destructive magnetic rope testing, fatigue analysis, and hybrid materials (e.g., synthetic fiber core + steel outer) are gaining traction to enhance safety and operational reliability. R&D efforts are increasingly focused on developing lighter ropes with higher strength-to-weight ratios, better energy absorption, and longer service lives—critical for passenger safety and minimizing downtime in material handling applications.

Looking ahead, the global market for Steel Wire Ropes for Ropeways is set to evolve with the rise of smart transportation, low-emission construction, and climate-adaptive tourism. As cities adopt cable-propelled transit (CPT) systems and industries require safer high-altitude transport logistics, the demand for next-generation ropeway cables will only grow. Industry leaders who invest in advanced metallurgy, digital monitoring systems, and sustainable lifecycle solutions will shape the future of this essential yet highly specialized market.

The report provides a detailed analysis of the market size, growth potential, and key trends for each segment. Through detailed analysis, industry players can identify profit opportunities, develop strategies for specific customer segments, and allocate resources effectively.

The Steel Wire Ropes for Ropeways market is segmented as below:
By Company
Teufelberger-Redaelli
ArcelorMittal ROPES
Bharat Wire Ropes
Carl Stahl
Casar
FATZER
Jiangsu Zhongying Steel Cable
JULI Slings
National Steel Industries
Nectar Group
Oliveira (WireCo WorldGroup)
Steel Wire Rope

Segment by Type
Galvanized Steel Wire Ropes
Fiber Steel Wire Ropes
Others

Segment by Application
Mining
Industrial Transport
Passenger
Others

Each chapter of the report provides detailed information for readers to further understand the Steel Wire Ropes for Ropeways market:

Chapter 1: Introduces the report scope of the Steel Wire Ropes for Ropeways report, global total market size (valve, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry. (2020-2031)
Chapter 2: Detailed analysis of Steel Wire Ropes for Ropeways manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc. (2020-2025)
Chapter 3: Provides the analysis of various Steel Wire Ropes for Ropeways market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments. (2020-2031)
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.(2020-2031)
Chapter 5: Sales, revenue of Steel Wire Ropes for Ropeways in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world..(2020-2031)
Chapter 6: Sales, revenue of Steel Wire Ropes for Ropeways in country level. It provides sigmate data by Type, and by Application for each country/region.(2020-2031)
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc. (2020-2025)
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

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