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Report
South Africa Steel Wire Rope Market Report and Forecast 2024-2032
Market Report I 2023-11-27 I 183 Pages I EMR Inc.
South Africa Steel Wire Rope Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the South Africa steel wire rope market is projected to grow at a CAGR of 2.60% between 2024 and 2032 reaching a value of around USD 13.67 million by 2032. Aided by the diverse applications of steel wire ropes across numerous industries and the continued infrastructural development within the region, the market is expected to grow significantly by 2032.
Steel wire rope, manufactured by weaving individual steel wires into a larger strand, is renowned for its strength, flexibility, and durability. Commonly employed in lifting, hauling, and tensioning applications, these ropes are pivotal in industries such as mining, construction, maritime, and oil & gas. South Africa, rich in mineral resources, has a longstanding history of mining, which inherently propels the South Africa steel wire rope market growth.
Mining operations depend heavily on steel wire ropes, especially for hoisting mineral ores from the deep mine shafts. With South Africa being home to some of the world's deepest gold mines, the continuous need for robust, high-strength steel wire ropes becomes evident. Moreover, with the country's ports being vital hubs for African maritime trade, there's a persistent demand for these ropes in maritime operations, particularly in loading and unloading heavy cargo.
The construction sector in South Africa, undergoing consistent expansion due to urbanisation and infrastructural development initiatives, further elevates the South Africa steel wire rope market demand. These ropes find extensive use in cranes, elevators, and suspension bridges, among other structures.
The South African industrial landscape is witnessing a surge in safety standards, ensuring that operations, especially in sectors like mining and construction, are conducted with the utmost concern for worker safety. This has propelled the demand for high-quality, durable steel wire ropes that can withstand extreme pressures without compromising on safety.
The steel wire rope market, anchored by the country's robust mining and construction sectors, has a promising trajectory. As per the South Africa steel wire rope market analysis, while external challenges like raw material price volatility and competition from alternative materials exist, the undying demand from core industries, coupled with technological advancements, ensures a bright future for the market in the upcoming years.
Market Segmentation
The market can be divided based on type of lay, strand pattern, coating type, and application.
Market Breakup by Type of Lay
- Regular Lay
- Lang Lay
- Alternate Lay
Market Breakup by Strand Pattern
- Single Layer
- Filler Wire
- Warrington
- Combination
Market Breakup by Coating Type
- Vinyl
- Zinc
- Nylon
- PVC
- Others
Market Breakup by Application
- Oil and Gas
- Heavy Machinery
- Mining
- Marine
- General Engineering
- Construction
- Others
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the South Africa steel wire rope market. Some of the major players explored in the report by Expert Market Research are as follows:
- NV Bekaert SA
- Ndlovu Wire Ropes
- Rope Constructions Company
- Scaw South Africa (Proprietary) Limited (Scaw)
- Haggie Rand Zimbabwe (Pvt) Ltd
- Accord Lifting?
- Anchor Industries
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Industry Opportunities and Challenges
8 Middle East and Africa Steel Wire Rope Market Overview
8.1 Key Industry Highlight
8.2 Middle East and Africa Steel Wire Rope Historical Market (2018-2023)
8.3 Middle East and Africa Steel Wire Rope Market Forecast (2024-2032)
8.4 Middle East and Africa Africa Steel Wire Rope Market by Country
8.4.1 Market Share
8.4.1.1 Saudi Arabia
8.4.1.2 United Arab Emirates
8.4.1.3 Nigeria
8.4.1.4 South Africa
8.4.1.5 Others
9 South Africa Steel Wire Rope Market Analysis
9.1 Key Industry Highlight
9.2 South Africa Steel Wire Rope Historical Market (2018-2023)
9.3 South Africa Steel Wire Rope Market Forecast (2024-2032)
9.4 South Africa Steel Wire Rope Market by Type of Lay
9.4.1 Regular Lay
9.4.1.1 Market Share
9.4.1.2 Historical Trend (2018-2023)
9.4.1.3 Forecast Trend (2024-2032)
9.4.2 Lang Lay
9.4.2.1 Market Share
9.4.2.2 Historical Trend (2018-2023)
9.4.2.3 Forecast Trend (2024-2032)
9.4.3 Alternate Lay
9.4.3.1 Market Share
9.4.3.2 Historical Trend (2018-2023)
9.4.3.3 Forecast Trend (2024-2032)
9.5 South Africa Steel Wire Rope Market by Strand Pattern
9.5.1 Single Layer
9.5.1.1 Market Share
9.5.1.2 Historical Trend (2018-2023)
9.5.1.3 Forecast Trend (2024-2032)
9.5.2 Filler Wire
9.5.2.1 Market Share
9.5.2.2 Historical Trend (2018-2023)
9.5.2.3 Forecast Trend (2024-2032)
9.5.3 Warrington
9.5.3.1 Market Share
9.5.3.2 Historical Trend (2018-2023)
9.5.3.3 Forecast Trend (2024-2032)
9.5.4 Combination
9.5.4.1 Market Share
9.5.4.2 Historical Trend (2018-2023)
9.5.4.3 Forecast Trend (2024-2032)
9.6 South Africa Steel Wire Rope Market by Coating Type
9.6.1 Vinyl
9.6.1.1 Market Share
9.6.1.2 Historical Trend (2018-2023)
9.6.1.3 Forecast Trend (2024-2032)
9.6.2 Zinc
9.6.2.1 Market Share
9.6.2.2 Historical Trend (2018-2023)
9.6.2.3 Forecast Trend (2024-2032)
9.6.3 Nylon
9.6.3.1 Market Share
9.6.3.2 Historical Trend (2018-2023)
9.6.3.3 Forecast Trend (2024-2032)
9.6.4 PVC
9.6.4.1 Market Share
9.6.4.2 Historical Trend (2018-2023)
9.6.4.3 Forecast Trend (2024-2032)
9.6.5 Others
9.7 South Africa Steel Wire Rope Market by Application
9.7.1 Oil and Gas
9.7.1.1 Market Share
9.7.1.2 Historical Trend (2018-2023)
9.7.1.3 Forecast Trend (2024-2032)
9.7.2 Heavy Machinery
9.7.2.1 Market Share
9.7.2.2 Historical Trend (2018-2023)
9.7.2.3 Forecast Trend (2024-2032)
9.7.3 Mining
9.7.3.1 Market Share
9.7.3.2 Historical Trend (2018-2023)
9.7.3.3 Forecast Trend (2024-2032)
9.7.4 Marine
9.7.4.1 Market Share
9.7.4.2 Historical Trend (2018-2023)
9.7.4.3 Forecast Trend (2024-2032)
9.7.5 General Engineering
9.7.5.1 Market Share
9.7.5.2 Historical Trend (2018-2023)
9.7.5.3 Forecast Trend (2024-2032)
9.7.6 Construction
9.7.6.1 Market Share
9.7.6.2 Historical Trend (2018-2023)
9.7.6.3 Forecast Trend (2024-2032)
9.7.7 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter's Five Forces Analysis
10.2.1 Supplier's Power
10.2.2 Buyer's Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Competitive Landscape
11.1 Market Structure
11.2 Company Profiles
11.2.1 NV Bekaert SA
11.2.1.1 Company Overview
11.2.1.2 Product Portfolio
11.2.1.3 Demographic Reach and Achievements
11.2.1.4 Certifications
11.2.2 Ndlovu Wire Ropes
11.2.2.1 Company Overview
11.2.2.2 Product Portfolio
11.2.2.3 Demographic Reach and Achievements
11.2.2.4 Certifications
11.2.3 Rope Constructions Company
11.2.3.1 Company Overview
11.2.3.2 Product Portfolio
11.2.3.3 Demographic Reach and Achievements
11.2.3.4 Certifications
11.2.4 Scaw South Africa (Proprietary) Limited (Scaw)
11.2.4.1 Company Overview
11.2.4.2 Product Portfolio
11.2.4.3 Demographic Reach and Achievements
11.2.4.4 Certifications
11.2.5 Haggie Rand Zimbabwe (Pvt) Ltd
11.2.5.1 Company Overview
11.2.5.2 Product Portfolio
11.2.5.3 Demographic Reach and Achievements
11.2.5.4 Certifications
11.2.6 Accord Lifting
11.2.6.1 Company Overview
11.2.6.2 Product Portfolio
11.2.6.3 Demographic Reach and Achievements
11.2.6.4 Certifications
11.2.7 Anchor Industries
11.2.7.1 Company Overview
11.2.7.2 Product Portfolio
11.2.7.3 Demographic Reach and Achievements
11.2.7.4 Certifications
11.2.8 Others
12 Key Trends and Developments in the Market
List of Figures and Tables
1. Middle East and Africa Steel Wire Rope Market: Key Industry Highlights, 2018 and 2032
2. Middle East and Africa Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2023
3. Middle East and Africa Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2024-2032
4. South Africa Steel Wire Rope Market: Key Industry Highlights, 2018 and 2032
5. South Africa Steel Wire Rope Historical Market: Breakup by Type of Lay (USD Million), 2018-2023
6. South Africa Steel Wire Rope Market Forecast: Breakup by Type of Lay (USD Million), 2024-2032
7. South Africa Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Million), 2018-2023
8. South Africa Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Million), 2024-2032
9. South Africa Steel Wire Rope Historical Market: Breakup by Coating Type (USD Million), 2018-2023
10. South Africa Steel Wire Rope Market Forecast: Breakup by S Coating Type (USD Million), 2024-2032
11. South Africa Steel Wire Rope Historical Market: Breakup by Application (USD Million), 2018-2023
12. South Africa Steel Wire Rope Market Forecast: Breakup by Application (USD Million), 2024-2032
13. South Africa Steel Wire Rope Market Structure
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