U.S. Rope Market Size & Outlook, 2021-2030
U.S. rope market, 2018-2030 (US$M)
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U.S. rope market highlights
- The U.S. rope market generated a revenue of USD 2,881.1 million in 2021 and is expected to reach USD 4,902.9 million by 2030.
- The U.S. market is expected to grow at a CAGR of 6.1% 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 2,881.1 million |
| Market revenue in 2030 | USD 4,902.9 million |
| Growth rate | 6.1% (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, U.S. accounted for 23.4% 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 North America, U.S. rope market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 4,902.9 million by 2030.
Key Regions: UK , Brazil , China , India , South Africa
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Rope Market Scope
Rope Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 62.14% in 2021. Horizon Databook has segmented the U.S. rope market based on industrial, commercial, residential covering the revenue growth of each sub-segment from 2018 to 2030.
The construction of suspension bridges to improve connectivity and infrastructure has boosted the consumption of steel wire rope in the U.S.
An increase in home improvement projects has driven the demand for rope across the U.S. For instance, Home Depot’s net sales in the U.S. grew 6.5% year over year to USD 43.8 billion in the second quarter of 2022, while its comparable sales increased by 5.8%.
As per a blog published by Storage Cafe in July 2022, 22% of Americans have recently completed a remodeling project while 10% plan to engage in one. Jute, hemp, nylon, and polypropylene rope are used in the house remodeling proejcts and also for home décor.
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Target buyers of U.S. 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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Horizon Databook provides a detailed overview of country-level data and insights on the U.S. rope market , including forecasts for subscribers. This country databook contains high-level insights into U.S. rope market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. rope market size, by end user, 2018-2030 (US$M)
U.S. Rope Market Outlook Share, 2021 & 2030 (US$M)
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