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Report
Sub Saharan Africa Steel Wire Rope Market Report and Forecast 2024-2032
Market Report I 2023-11-27 I 147 Pages I EMR Inc.
Sub-Saharan Africa Steel Wire Rope Market Report and Forecast 2024-2032
Market Outlook
According to the report by Expert Market Research (EMR), the Sub-Saharan Africa steel wire rope market is projected to grow at a CAGR of 3.50% between 2024 and 2032 reaching a value of around USD 868.85 million by 2032.. Aided by the burgeoning infrastructure projects, increased mining activities, and the rising demands in various sectors such as construction and shipping, the market is expected to grow significantly by 2032.
Steel wire ropes, comprised of multiple strands of metal wire twisted into a helix, are primarily utilised for their strength and flexibility. Their intrinsic properties such as high tensile strength, endurance, and resistance to environmental adversities render them indispensable in numerous industrial applications. In the context of Sub-Saharan Africa, these ropes play a pivotal role in mining, shipping, construction, and oil & gas sectors.
The momentum of the Sub-Saharan Africa steel wire rope market growth can be attributed to the considerable investments in infrastructure development projects. As countries in the region relentlessly pursue urbanisation and modernisation, the demand for reliable and sturdy materials like steel wire ropes for construction and transportation projects has witnessed a significant uptick.
Moreover, Sub-Saharan Africa is endowed with abundant mineral resources. The intensification of mining activities, particularly in nations like South Africa, Congo, and Zambia, has invariably fuelled the demand for steel wire ropes, which are extensively used in excavation and material handling.
According to the Sub-Saharan Africa steel wire rope market analysis, with the African coastline stretching over 30,000 kilometres, maritime activities play a crucial role in the continent's economy. Ports, shipping, and offshore drilling operations contribute significantly to the regional GDP, subsequently pushing the demand for steel wire ropes, essential for hoisting, anchoring, and towing.
Yet, the potential of steel wire ropes isn't limited to the above sectors. With the burgeoning energy demands of the rapidly growing population, countries in Sub-Saharan Africa are exploring alternative energy sources. Wind energy projects are gaining momentum, and steel wire ropes, being pivotal for erecting wind turbines, further influences the Sub-Saharan Africa steel wire rope market outlook.
The steel wire rope market in Sub-Saharan Africa stands at a significant juncture. As the region accelerates its journey towards infrastructural development, industrialisation, and economic diversification, the reliance on robust and versatile materials like steel wire ropes will invariably intensify. With the concerted efforts of policymakers, industries, and stakeholders, the market is set for a promising and resilient growth in the upcoming years.
Market Segmentation
The market can be divided based on type of lay, strand pattern, coating type, application, and country.
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
Market Breakup by Country
- South Africa
- Nigeria
- Kenya
- Ghana
- 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 Sub-Saharan Africa steel wire rope market. Some of the major players explored in the report by Expert Market Research are as follows:
- NV Bekaert SA
- Nigerian Ropes Plc
- Ndlovu Wire Ropes
- Rope Constructions Company
- Scaw South Africa (Proprietary) Limited (Scaw)
- Anchor Industries
- Accord Lifting
- Haggie Rand Zimbabwe (Pvt) Ltd
- 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
6.1 Sub Saharan Africa
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 Steel Wire Rope Market by Region
8.4.1 Market Share
8.4.1.1 Middle East
8.4.1.2 Africa
9 Sub Saharan Africa Steel Wire Rope Market Analysis
9.1 Key Industry Highlight
9.2 Sub Saharan Africa Steel Wire Rope Historical Market (2018-2023)
9.3 Sub Saharan Africa Steel Wire Rope Market Forecast (2024-2032)
9.4 Sub Saharan 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 Sub Saharan 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 Sub Saharan 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 Sub Saharan 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
9.8 Sub Saharan Africa Steel Wire Rope Market by Country
9.8.1 Market Share
9.8.1.1 South Africa
9.8.1.2 Nigeria
9.8.1.3 Kenya
9.8.1.4 Ghana
9.8.1.5 Others
10 Country Analysis
10.1 South Africa
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Nigeria
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Kenya
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Ghana
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
11 Market Dynamics
11.1 SWOT Analysis
11.1.1 Strengths
11.1.2 Weaknesses
11.1.3 Opportunities
11.1.4 Threats
11.2 Porter's Five Forces Analysis
11.2.1 Supplier's Power
11.2.2 Buyer's Power
11.2.3 Threat of New Entrants
11.2.4 Degree of Rivalry
11.2.5 Threat of Substitutes
11.3 Key Indicators for Demand
11.4 Key Indicators for Price
12 Value Chain Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Company Profiles
13.2.1 NV Bekaert SA
13.2.1.1 Company Overview
13.2.1.2 Product Portfolio
13.2.1.3 Demographic Reach and Achievements
13.2.1.4 Certifications
13.2.2 Nigerian Ropes Plc
13.2.2.1 Company Overview
13.2.2.2 Product Portfolio
13.2.2.3 Demographic Reach and Achievements
13.2.2.4 Certifications
13.2.3 Ndlovu Wire Ropes
13.2.3.1 Company Overview
13.2.3.2 Product Portfolio
13.2.3.3 Demographic Reach and Achievements
13.2.3.4 Certifications
13.2.4 Rope Constructions Company
13.2.4.1 Company Overview
13.2.4.2 Product Portfolio
13.2.4.3 Demographic Reach and Achievements
13.2.4.4 Certifications
13.2.5 Scaw South Africa (Proprietary) Limited (Scaw)
13.2.5.1 Company Overview
13.2.5.2 Product Portfolio
13.2.5.3 Demographic Reach and Achievements
13.2.5.4 Certifications
13.2.6 Anchor Industries
13.2.6.1 Company Overview
13.2.6.2 Product Portfolio
13.2.6.3 Demographic Reach and Achievements
13.2.6.4 Certifications
13.2.7 Accord Lifting
13.2.7.1 Company Overview
13.2.7.2 Product Portfolio
13.2.7.3 Demographic Reach and Achievements
13.2.7.4 Certifications
13.2.8 Haggie Rand Zimbabwe (Pvt) Ltd
13.2.8.1 Company Overview
13.2.8.2 Product Portfolio
13.2.8.3 Demographic Reach and Achievements
13.2.8.4 Certifications
13.2.9 Others
14 Industry Events and Developments
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 Region (USD Million), 2018-2023
3. Middle East and Africa Steel Wire Rope Market Forecast: Breakup by Region (USD Million), 2024-2032
4. Sub Saharan Africa Steel Wire Rope Market: Key Industry Highlights, 2018 and 2032
5. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Type of Lay (USD Million), 2018-2023
6. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by Type of Lay (USD Million), 2024-2032
7. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Strand Pattern (USD Million), 2018-2023
8. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by Strand Pattern (USD Million), 2024-2032
9. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Coating Type (USD Million), 2018-2023
10. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by S Coating Type (USD Million), 2024-2032
11. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Application (USD Million), 2018-2023
12. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by Application (USD Million), 2024-2032
13. Sub Saharan Africa Steel Wire Rope Historical Market: Breakup by Country (USD Million), 2018-2023
14. Sub Saharan Africa Steel Wire Rope Market Forecast: Breakup by Country (USD Million), 2024-2032
15. Sub Saharan Africa Steel Wire Rope Market Structure
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