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India Steel Wire Rope Market Outlook to 2023: Ken Research

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Title: India Steel Wire Rope Market Outlook to 2023: Ken Research


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The report titled India Steel Wire Rope Market
Outlook to 2023 - by Coating (Plain Black,
Galvanized and Others), by Industry Application
(Construction and Engineering, Oil Gas, Mining,
Shipping and Others) provides a comprehensive
analysis on the India steel wire rope Market. The
report covers various aspects including
introduction and genesis to steel wire rope
market, market size by value, market segmentation
by Domestic and Exports Sales, by coating (Plain
Black, Galvanized and Others), by Industry
Application (Construction and Engineering, Oil
Gas, Mining, Shipping and Others), by Organized
and Unorganized sector, by type of Lay (Regular
Lay, Lang Lay and Others) and by Regional Demand
(Western, Southern, Northern and Eastern Region).
The report has covered major players in India
steel wire rope market (Usha Martin Limited,
Bharat Wire Ropes Limited, Bedmutha Industries
Limited, Aradhya Ropes and Slings Private
Limited, Asahi Ropes Private Limited, Orion Ropes
Private Limited, Shree Steel Wire Ropes Limited
and Mahadev Industries).
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  • The report also covers value chain analysis and
    inspection parameters in India steel wire rope
    market, government norms and regulations, order
    procedure of steel wire ropes in India, snapshot
    on smart city mission and influence on steel wire
    rope market, export and import trade scenario and
    analyst recommendation.
  • This report will help the readers to identify the
    ongoing trends in the industry and anticipated
    growth in future depending upon changing industry
    dynamics in coming years. The report is useful
    for investors, potential entrants and other
    stakeholders to align their market centric
    strategies according to ongoing and expected
    trends in the future.
  • India Steel Wire Rope Market Size and Overview
  • The market for steel wire rope is at a matured
    stage, with a limited number of players
    dominating the market. Steel Wire ropes are used
    dynamically for lifting and hosting in
    applications, and for transmission of mechanical
    power. Steel Wire Rope industry in India has
    prospered

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owing to growth in infrastructure activities and
demand in industrial sector. This growth was
witnessed majorly due to government initiatives
such as Pradhan Mantri Awas Yojana, Atal Mission
for Rejuvenation and Urban Transformation
(AMRUT), Smart Cities Mission, Delhi Mumbai
Industrial Corridor (DMIC) and others. The
primary growth drivers for steel wire ropes in
India have been infrastructure development,
increased industrial activity, enhanced emphasis
on shipping and port sector along with growth in
the mining industry. Market Segmentation By
Domestic and Exports Sales Domestic sales have
contributed the maximum share to the steel wire
ropes market in FY2018. Domestic companies
incapability of meeting international standards
has been the proximate reason for fewer sales in
the exports market. Usha Martin Limited, Bharat
Wire
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  • Ropes Limited and Bedmutha Industries Limited
    cater to the needs of foreign market.
  • By Industry Application
  • Engineering and Construction segment has
    contributed the largest share in terms of
    revenues in FY2018 from sales of wire ropes due
    to increasing government allocation on
    infrastructure projects like Housing for All,
    AMRUT and Smart Cities Mission. This was followed
    by the Oil and Gas Industry which contributed
    second largest share in terms of revenues in
    FY2018.
  • By Wire Coating
  • Plain Black Carbon Steel Wire Ropes segment has
    dominated the steel wire rope market in terms of
    production volume. The cost of black carbon ropes
    is more economical than galvanized wire ropes by
    10-15 as they do not include the additional cost
    of zinc and associated

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  • production processes which appeals to Indian
    buyers. However, Galvanized steel wire ropes are
    more durable and hence they are exported to
    foreign countries or used in coastal areas
    domestically.
  • By Rope Composition
  • Steel wire ropes use wire rods of black carbon
    steel, stainless steel or other steel alloys as
    raw material. There are various sub-segments of
    the steel types within these umbrella terms.
    Black carbon steel ropes dominate the market and
    account for highest production of the total in
    India steel wire rope market. The black carbon
    wire ropes are highly versatile and can be
    uncoated or galvanized. Stainless steel wire
    ropes are corrosion and rust resistant and are
    used majorly in marine applications.
  • By Organized and Un-organized Players
  • In FY2018, unorganized players have dominated
    the market in terms of sales volume followed by
    organized players. Organized players have

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a production capacity of more than or equal to
500 tons per annum while un-organized players
have a production capacity of less than 500 tons
per annum. By Type of Lay Regular lay wire
ropes dominate the steel wire rope industry due
to their versatility and accounted for maximum
production of total production of wire ropes in
FY2018. Lang lay wire ropes are used in elevator
and mining industries and made up for second
largest production, whereas Alternate lay wire
ropes accounted for the remaining share of the
production volume. Competitive Landscape The
Indian steel wire rope market is an extremely
competitive market due to a mixture of increasing
production of manufacturers and declining demand
from user industries. The competition is more
pronounced in the domestic market, due to a
drastic reduction in the
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number of mines during FY2015. Usha Martin Ltd.
is the leading company in terms of revenues and
production volume in India steel wire rope
market. Bharat wire is the second largest company
followed by Bedmutha Ltd. The other major
companies in India steel wire rope market are
Aradhya Ropes and Slings Private Limited, Asahi
Ropes Private Limited, Orion Ropes Private
Limited, Shree Steel Wire Ropes Limited and
Mahadev Industries. Majorly the companies are
following the two strategies which include
increasing premium product portfolio and
competing on high volume-low cost basis for base
products. Future Outlook to India Steel Wire
Rope Market Indian steel wire rope market, in
terms of revenue is expected to increase at a
single digit CAGR during FY2018-FY2023 owing to
infrastructure projects like Housing Projects,
AMRUT, Smart City Mission and DMIC, along with
resurgence in demand due to growth in mining
industry as well as Oil and Gas industry. The
resurgence in
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  • the Oil and Gas industry is expected to increase
    the number of oil rigs which will further add
    impetus to the growth of steel wire rope
    industry. Steel Wire Rope market value majorly
    depends on growth of end user industries and
    CAPEX been laid by private and public
    participants in the market.
  • Key Topics Covered in the Report
  • India steel wire rope market introduction
  • Value chain analysis in India Steel Wire Rope
    market
  • India steel wire rope market size by value
  • India steel wire rope market segmentation by
    Sales (Domestic and Exports Sales), by coating
    (Plain Black, Galvanized and Others), by Industry
    Application (Construction and Engineering, Oil
    Gas, Mining, Shipping and Others), by sector
    (Organized and Un-organized), by type of Lay
    (Regular Lay, Lang Lay and Others) and by
    Regional Demand (Western, Southern, Northern and
    Eastern Region).

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  • Trends and Developments in India steel wire rope
    market
  • Issues and challenges in India steel wire rope
    market
  • Porter Five Forces for steel wire ropes in India
  • Order Procedure for steel wire ropes in India
  • Snapshot on Smart City Mission and influence on
    steel wire ropes market
  • Competitive landscape in India steel wire rope
    market
  • Company profiling for major players in India
    steel wire rope market
  • Government regulation in India steel wire rope
    market
  • Export and Import trade scenario
  • India steel wire rope market future outlook and
    projections
  • Analyst Recommendations
  • To know more about the research report
  • https//www.kenresearch.com/manufacturing-and-cons
    truction/construction-materials/india-steel-wire-r
    ope-market/149099-97.html

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