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Steel Wire Rope And Plastic Rope Market Forecast 2025–2034: Where Businesses Should Invest Next

November 14, 2025 by The Business Research Company

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What Are The Forecasted Market Size Estimates For The Steel Wire Rope And Plastic Rope Market Between 2025 And 2029?

The steel wire rope and plastic rope market has witnessed strong growth in recent years. It will grow from $14.1 billion in 2024 to $14.96 billion in 2025, with a CAGR of 6.1%.

Anticipating a robust expansion, the domain encompassing steel wire rope and plastic rope is projected to achieve a valuation of $19.13 billion by the year 2029, reflecting a steady compound annual growth rate (CAGR) of 6.3% across the forthcoming years. This upward trajectory is primarily fueled by increasing awareness regarding ecological issues, heightened utilization in both marine and aquaculture sectors, a growing inclination towards lighter-weight construction materials, the proliferation of recreational pursuits conducted outdoors, and advancements in farming and horticultural methodologies. Key developments influencing this market throughout the projection timeframe involve the introduction of diverse material options, sector-specific requirements dictating demand, advancements in how ropes are engineered, broader market penetration within emerging economies, and an intensified concentration on adherence to safety standards and regulatory mandates.

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What Are The Emerging Market Drivers Creating New Opportunities In The Steel Wire Rope And Plastic Rope Industry?

Propelled by the expansion in fishing endeavors and the broader industry, the market for steel wire rope and plastic rope is anticipated to experience upward momentum. The sphere of fishing encompasses the entire economic chain related to capturing, preparing, distributing, and trading aquatic life forms, including shellfish, edible sea plants, and other marine creatures. Because of their notable resilience and robust nature, plastic ropes and steel wire ropes are extensively utilized within this sector, particularly for the fabrication of nets. To illustrate the scale, data from the Food and Agriculture Organization of the United Nations, an international entity based in Italy dedicated to alleviating global hunger while enhancing food safety and quality, revealed that worldwide fish output rose by 1.2% in 2022 from 2018 levels, reaching a total of 184.1 million tonnes, with aquaculture production specifically growing by 2.6%; furthermore, the revenue generated from global fish commerce escalated by 10.7% compared to the preceding year, amounting to USD 193.5 billion, which collectively underscores how the expanding fishing sector is creating greater demand for both steel wire and plastic rope solutions.

What Are The Major Segment Types Covered In The Steel Wire Rope And Plastic Rope Market?

The steel wire rope and plastic rope market covered in this report is segmented –

1) By Type Of Lay: Regular Lay, Lang Lay

2) By Material Type: Polypropylene, Polyester, Nylon, HMPE (High Modulus Polyethylene), Specialty Fibers

3) By Application: Marine And Fishing, Sports And Leisure, Oil And Gas, Industrial And Crane, Mining, Construction, Other Applications

Subsegments:

1) By Regular Lay: Right Regular Lay, Left Regular Lay

2) By Lang Lay: Right Lang Lay, Left Lang Lay

What Trends Are Expected To Drive The Steel Wire Rope And Plastic Rope Market?

A significant developing movement observed within the steel wire rope and plastic rope sectors involves novel product developments. Leading industry participants are rolling out inventive offerings, such as Marlow’s eco-friendly rope, to solidify their competitive standing. Specifically, in February of 2023, Marlow Ropes Ltd., whose origins are in England and specializes in creating custom rope assemblies, debuted its collection of sustainable ropes. This new rope maintains the established qualities of preceding items, including structural rigidity coupled with substantial stretch capabilities. What distinguishes this particular rope is its status as the inaugural fast rope globally produced utilizing recycled base materials (BCF RPA).

Which Major Firms Are Strengthening Their Position In The Steel Wire Rope And Plastic Rope Industry?

Major companies operating in the steel wire rope and plastic rope market include N.V. Bekaert S.A., Cortland Limited, English Braids Ltd., Jiangsu Langshan Wire Rope Co. Ltd., Marlow Ropes Ltd., Samson Rope Technologies Inc., Southern Ropes Pty Ltd., Teufelberger Holding AG, Usha Martin Ltd., Sandin Manufacturing Inc., Bergen Cable Technology Inc., Strand Products Inc., Guizhou Wire Rope Incorporated Company, Ver Sales Inc., Dunamis Wire Ropes Mfg. LLP, Bekaert SA, WireCo WorldGroup Inc., Gustav Wolf, Wire Rope Industries, Bridon-Bekaert Ropes Group, Tokyo Rope Mfg. Co. Ltd., Kiswire Ltd., Shinko Wire Company Ltd., DSR Corporation, Alps Wire Rope Corporation, Jiangsu Nantong Jianghai Steel Wire Rope Co. Ltd., Jiangsu Fasten Steel Cable Co. Ltd., Jiangsu Bright Industry Co. Ltd., Pfeifer Drako Drahtseilwerk GmbH, Bharat Wire Ropes Limited, Tianjin Metallurgical Cable Co. Ltd., Loos & Co. Inc.

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Which Global Regions Are Influencing The Competitive Landscape Of The Steel Wire Rope And Plastic Rope Market?

Asia-Pacific was the largest region in the steel wire rope and plastic rope market in 2024 and is expected to be the fastest-growing region in the global steel wire rope and plastic rope market report forecast period. The regions covered in the steel wire rope and plastic rope market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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