South Africa Rope Market Size & Outlook, 2021-2030
South Africa rope market, 2018-2030 (US$M)
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South Africa rope market highlights
- The South Africa rope market generated a revenue of USD 151.8 million in 2021 and is expected to reach USD 224.2 million by 2030.
- The South Africa market is expected to grow at a CAGR of 4.4% 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.
Rope market data book summary
| Market revenue in 2021 | USD 151.8 million |
| Market revenue in 2030 | USD 224.2 million |
| Growth rate | 4.4% (CAGR from 2021 to 2030) |
| Largest segment | Industrial |
| Fastest growing segment | Commercial |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 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, South Africa accounted for 1.2% of the global rope market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa rope market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 224.2 million by 2030.
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Rope Market Scope
Rope Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South 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 63.97% in 2021. Horizon Databook has segmented the South Africa rope market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
The increasing demand for steel wire ropes in South Africa is accelerating market growth. Steel wire rope has a higher strengthto-weight ratio, which is an important factor for various applications, especially in the marine and fishing sector. This presents strong opportunities for manufacturers of steel wire ropes.
Any growth in the fisheries sector is likely to benefit the sales of steel wire ropes. According to a report by Statistics South Africa in 2019, the total income in the ocean (marine) fisheries and related services industry was USD 1008.49 million.
Increasing awareness about the availability of lightweight synthetic ropes, rising demand for oil & gas, increased growth of the construction industry, and the manufacturing of high-performance rope for mobile rope lifts are projected to propel the market for synthetic ropes over the forecast period.
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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa rope market , including forecasts for subscribers. This country databook contains high-level insights into South Africa rope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa rope market size, by end user, 2018-2030 (US$M)
South Africa Rope Market Outlook Share, 2021 & 2030 (US$M)
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