Middle East & Africa Rope Market Size & Outlook, 2021-2030
Middle East & Africa rope market, 2018-2030 (US$M)
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MEA rope market highlights
- The MEA rope market generated a revenue of USD 478.6 million in 2021.
- The market is expected to grow at a CAGR of 5% 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, South Africa is expected to register the highest CAGR from 2022 to 2030.
MEA data book summary
| Market revenue in 2021 | USD 478.6 million |
| Market revenue in 2030 | USD 742.0 million |
| Growth rate | 5% (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, MEA region accounted for 3.9% 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.
Key Regions: U.S. , UK , Brazil , South Africa , China
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Rope Market Scope
Rope Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 61.6% in 2021. Horizon Databook has segmented the Middle East & Africa rope market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa, Saudi Arabia, Libya, UAE, and Israel are key markets in the region. The demand for rope has been rising steadily in the region due to the growing application of ropes across the industrial sector.
According to the Central Department of Statistics and Information, mining production in Saudi Arabia increased 14.10% in July 2022 over the same month the previous year.
Synthetic ropes in the maritime industry are used for industrial operations such as mooring, ship-assist, inland towing, and hoisting lines and exhibit properties of being stronger, lighter, floatable, and less susceptible to corrosion.
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Target buyers of Middle East & Africa 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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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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa rope market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa rope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA rope market size, by country, 2018-2030 (US$M)
Middle East & Africa Rope Market Outlook Share, 2021 & 2030 (US$M)
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