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United States Elevator Wire Rope Market is estimated to be worth 34.4 billion USD by 2025

Author: QYResearch | Publish date: 2018-07-21 | Views: 124
Steel wire rope is a piece of machinery which is widely used in construction, mining, oil & gas extraction and other areas. Usually a steel wire rope is composed of wires, strands and a core, which is made of fiber or steel. The purpose of the core is to provide support and maintain the position of the outer strands during operation. The wires are predominantly constructed from high-carbon steel and stainless steel. The wires are twisted to form strands and they designate the strength of the steel wire rope.


In terms of sales value, the United State elevator wire rope market was valued 24.1 million USD in 2017, and is estimated to be worth 34.4 billion USD by the end of 2025, growing at a CAGR of 4.55% between 2017 and 2025. In terms of sales volume, the United State elevator wire rope accounted for 7.42 thousand tons in 2017, and it is anticipated to reach 9.6 thousand tons by 2025.

The United State elevator wire rope industry is highly concentrated with only a few players at present. Leading manufacturers are mainly from Europe. Leading players in United State elevator wire rope are Gustav Wolf, BRUGG, Wirerope Works, Pfeifer Drako and Kiswire. Gustav Wolf is the largest manufacturer in USA, with the market share of 48% in 2017.

The United States Elevator Wire Rope Market Research Report 2018 report released by QYResearch provides a basic overview of the Elevator Wire Rope industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in United States, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Elevator Wire Rope industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report TOC, figure and tables


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