Elevator Ropes Market Regional Analysis and Forecast during 2020 – 2026 - PowerPoint PPT Presentation

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Elevator Ropes Market Regional Analysis and Forecast during 2020 – 2026

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The Elevator Ropes Market report add detailed competitive landscape of the global market. It includes company, market share analysis, product portfolio of the major industry participants. The report provides detailed segmentation of the Global Elevator Ropes industry based on product segment, technology, end user segment and region. – PowerPoint PPT presentation

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Title: Elevator Ropes Market Regional Analysis and Forecast during 2020 – 2026


1
Elevator Ropes Market Analysis by Growth Drivers
and Current Trends till 2026
  • Elevator ropes market is projected to record a
    considerable growth rate over the coming years
    owing to the rising adoption of elevators brought
    on by expanding commercial construction
    activities. Elevator ropes are highly engineered
    and made up of steel along with other composites.
    Elevator ropes are not single wires, instead they
    are several strands of various sizes swathed
    together.
  • A standard rope or cable can have nearly 150
    strands of wires that are specifically designed
    to be flexible and strong with the capability to
    provide long service. Several wire strands are
    utilized to increase the life of the cable and
    provide flexibility. One of the key things about
    any elevator rope is that it should be in good
    operating condition during all times.

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2
  • With respect to functionality, the market is
    classified into traction/hoist, compensation, and
    governor. Among these, the governor ropes market
    volume is expected to grow at 1.5 CAGR over
    forecast timeframe. The governor is a speed
    monitoring device on traction elevators which
    activates the safety when the elevator moves too
    fast. The rope is situated in the overhead or
    machine room. The governor systems are developed
    around a sheave which is located at the top of
    the elevator tunnel.
  • IWRC effectively increases the metallic
    cross-section of elevator wire ropes and lessens
    the level of tensile stress in individual wires.
    Moreover, steel cores low the elongation of
    elevator wire ropes under same loads in
    comparison to fiber core.
  • Based on elevator type, the market is divided
    into MR elevator, hydraulic elevator, and MRL
    elevator. Among these, the MRL elevators sales
    volume was valued at around 209 kilo tons in
    2019, which is projected to reach at a value of
    approximately 265 kilo tons by 2026.
  • Based on core type, the market is bifurcated into
    fiber core (FC) and independent wire rope core
    (IWRC). Among these, the Independent wire rope
    core segment sales volume was reported at over
    200 kilo tons in 2019 and will likely grow at a
    CAGR of 3.3 through 2026.

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3
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4
  • Regional Analysis
  • From a regional frame of reference, the Latin
    America elevator ropes market will have around 2
    share throughout the forecast timeframe. Rising
    private sector investment will boost product
    demand in the region by 2026.
  • Competitive Analysis
  • Key Players operating in elevator ropes market
    are BRUGG Lifting AG, WireCo WorldGroup, Gustav
    Wolf GmbH, Bharat Wire Ropes Limited, PFEIFER
    DRAKO Drahtseilwerk GmbH, Usha Martin, Tokyo Rope
    Mfg. Co. Ltd., Alps Wire Rope Corporation,
    Jiangsu Safety Steel Wire Rope Co., Ltd, Loos
    Co. Inc., Mak Kee International H.K. Limited,
    Santini Funi Srl, KISWIRE LTD, DSR and Bekaert

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Latest Research Report On Elevator Ropes Market _at_
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ator-ropes-market
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