What is the global market size of Elevator Ropes Market?

Elevator Ropes Market size was valued at USD 681.41 Million in 2023 and is poised to grow from USD 708.67 Million in 2024 to USD 969.85 Million by 2032, growing at a CAGR of 4% during the forecast period (2025-2032).

Who are the key vendors in the Elevator Ropes Market?

The global elevator ropes market features a competitive landscape characterized by a mix of established industry leaders, innovative players, and regional manufacturers. Market participants are continually engaged in enhancing their product portfolios, developing advanced materials, and focusing on customer-centric solutions to maintain a competitive edge. 'PFEIFER Holding GmbH (Germany)', 'Tokyo Rope Mfg. Co., Ltd. (Japan)', 'Bridon-Bekaert Ropes Group (United Kingdom)', 'WireCo WorldGroup (United States)', 'Gustav Wolf GmbH (Germany)', 'Teufelberger Holding AG (Austria)', 'Jiangsu Fasten Elevator Rope & Sling Co., Ltd. (China)', 'Jiangsu Langshan Wire Rope Co., Ltd. (China)', 'Yale Cordage Inc. (United States)', 'Usha Martin Limited (India)', 'DSR Wire Corp. (South Korea)', 'RopeBlock B.V. (Netherlands)', 'ArcelorMittal S.A. (Luxembourg)', 'CASAR Drahtseilwerk Saar GmbH (Germany)', 'Siam Brothers Vietnam JSC (Vietnam)', 'Guizhou Wire Rope Co., Ltd. (China)', 'Ropes for Cranes (Poland)', 'Lanko Trading Co., Ltd. (Thailand)', 'ArcelorMittal WireSolutions (Belgium)', 'Tadano Ltd. (Japan)'

Top Elevator Ropes Companies

Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Elevator Ropes Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Elevator Ropes industry players.

Elevator Ropes Market Competitive Landscape

Prominent companies such as PFEIFER Holding GmbH, Tokyo Rope Mfg. Co., Ltd., and Bridon-Bekaert Ropes Group are driving the market with their extensive experience and global presence. These key players emphasize research and development to introduce technologically advanced elevator ropes that meet safety regulations, durability standards, and energy efficiency requirements.

Elevator Ropes Market Top Player’s Company Profiles

PFEIFER Holding GmbH (Germany)

Tokyo Rope Mfg. Co., Ltd. (Japan)

Bridon-Bekaert Ropes Group (United Kingdom)

WireCo WorldGroup (United States)

Gustav Wolf GmbH (Germany)

Teufelberger Holding AG (Austria)

Jiangsu Fasten Elevator Rope & Sling Co., Ltd. (China)

Jiangsu Langshan Wire Rope Co., Ltd. (China)

Yale Cordage Inc. (United States)

Usha Martin Limited (India)

DSR Wire Corp. (South Korea)

RopeBlock B.V. (Netherlands)

ArcelorMittal S.A. (Luxembourg)

CASAR Drahtseilwerk Saar GmbH (Germany)

Siam Brothers Vietnam JSC (Vietnam)

Guizhou Wire Rope Co., Ltd. (China)

Ropes for Cranes (Poland)

Lanko Trading Co., Ltd. (Thailand)

ArcelorMittal WireSolutions (Belgium)

Tadano Ltd. (Japan)

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FAQs

Global Elevator Ropes Market size was valued at USD 697.31 Million in 2024 and is poised to grow from USD 732.17 Million in 2025 to USD 1081.75 Million by 2033, growing at a CAGR of 5% during the forecast period (2026–2033).

The global elevator ropes market features a competitive landscape characterized by a mix of established industry leaders, innovative players, and regional manufacturers. Market participants are continually engaged in enhancing their product portfolios, developing advanced materials, and focusing on customer-centric solutions to maintain a competitive edge. 'Kiswire (South Korea) ', 'Usha Martin (India) ', 'Brugg Lifting (Switzerland) ', 'PFEIFER DRAKO (Germany) ', 'Tokyo Rope (Japan) ', 'Teufelberger (Austria) ', 'CERTEX (United States) ', 'Santini Funi (Italy) ', 'Jiangsu Safety Wire Rope (China) ', 'Mak Kee International (Hong Kong) ', 'Bharat Wire Ropes (India) ', 'Tradelink Services (Singapore) '

Government initiatives to enhance transportation infrastructure, especially in developing countries, are boosting the demand for elevators and elevator ropes.

Demand for Energy-efficient Elevator Ropes: With the focus on sustainable buildings, there is a growing demand for elevator ropes that are not only durable but also energy-efficient, contributing to reduced operational costs.

Forecasts indicate that Asia-Pacific is positioned to maintain its status as the largest market for elevator ropes worldwide throughout the projected period. Moreover, this region is anticipated to experience the most substantial growth trajectory in the coming years. This projection finds its basis in the burgeoning construction activities observed in emerging economies like China and India, which in turn is fueling an escalating demand for elevator ropes, thus facilitating market expansion.

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Top Elevator Ropes Companies

Elevator Ropes Market Competitive Landscape

FAQs

What is the global market size of Elevator Ropes Market?

Who are the key vendors in the Elevator Ropes Market?

What is the key driver of Elevator Ropes Market?

What is the key market trend for Elevator Ropes Market?

Which region accounted for the largest share in Elevator Ropes Market?

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