Latin America Rope Market Size & Outlook, 2021-2030
Latin America rope market, 2018-2030 (US$M)
Related Markets
Latin America rope market highlights
- The Latin America rope market generated a revenue of USD 717.2 million in 2021.
- The market is expected to grow at a CAGR of 3% 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, Brazil is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 717.2 million |
| Market revenue in 2030 | USD 934.4 million |
| Growth rate | 3% (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, Latin America region accounted for 5.8% 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 |
|---|
Latin America 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 61.39% in 2021. Horizon Databook has segmented the Latin America rope market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
Ecuador, Argentina, Peru, Chile, Brazil, and Colombia are the key markets within this region. The import of twine and rope has been increasing in the region over the years. According to the Observatory of Economic Complexity (OEC), in 2020, twine and rope imports increased by 1.09% in Chile and 0.61% in Brazil.
The increasing demand for rope in Argentina is expected to boost the overall market over the forecast period. According to the United Nations COMTRADE database on international trade, Argentina’s imports for twine, cordage, rope, and cables from Mexico were worth USD 45.82 thousand in 2021 .
For instance, in January 2022, according to the International Trade Administration (ITA), Chile was the top copper producer in the world, with 28% of the global copper production, and the world’s second-largest producer of lithium, with a 22% share of the global production. This implies an increase in demand for the parts and equipment in the sector.
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Our clientele includes a mix of rope market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America rope market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America rope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America rope market size, by country, 2018-2030 (US$M)
Latin America Rope Market Outlook Share, 2021 & 2030 (US$M)
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