Asia Pacific Rope Market Size & Outlook, 2021-2030
Asia Pacific rope market, 2018-2030 (US$M)
Related Markets
Asia Pacific rope market highlights
- The Asia Pacific rope market generated a revenue of USD 5,452.3 million in 2021.
- The market is expected to grow at a CAGR of 5.9% from 2022 to 2030.
- In terms of segment, industrial was the largest revenue generating end user in 2021.
- Commercial is the most lucrative end user segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2022 to 2030.
Asia Pacific data book summary
| Market revenue in 2021 | USD 5,452.3 million |
| Market revenue in 2030 | USD 9,103.0 million |
| Growth rate | 5.9% (CAGR from 2021 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Commercial |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Industrial, Commercial, Residential |
| Key market players worldwide | Adobe Inc, Southern Co, NV Bekaert SA, Teufelberger, WireCo WorldGroup, Yale Cordage, Marlow Ropes, Aimia Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 44.3% of the global rope market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Europe is the fastest growing regional market and is projected to reach USD 4,253.4 million by 2030.
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Rope Market Scope
Rope Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific rope market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to rope market will help companies and investors design strategic landscapes.
Industrial was the largest segment with a revenue share of 63.27% in 2021. Horizon Databook has segmented the Asia Pacific rope market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
Rapidly expanding commercial and residential construction activities accelerate the need for waterproof and durable ropes that are lightweight and high in strength. The increasing infrastructural needs in emerging economies like India and China are driving the demand for synthetic ropes.
According to the India Brand Equity Foundation (IBEF), the government of India allocated USD 1.89 billion to the Atal Mission for Rejuvenation and Urban Transformation and the Smart Cities Mission in the Union Budget 2021 .
China, South Korea, and India are major exporters of twine and rope across the world. In 2020, according to the Observatory of Economic Complexity (OEC), these three countries accounted for more than 36% of the total export value .
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Target buyers of Asia Pacific rope market databook
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Our clientele includes a mix of rope market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific rope market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific rope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific rope market size, by country, 2018-2030 (US$M)
Asia Pacific Rope Market Outlook Share, 2021 & 2030 (US$M)
Related regional statistics
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