The Synthetic Fibre Rope industry was 1,210 Million USD in 2017 and is projected to reach USD 1,600 Million USD by 2025, at a CAGR (Compounded Annual Growth Rate) of 3.5% between 2017 and 2025.
The key players are Wireco World Group, Samson Rope Technologies, Garware-Wall Ropes Ltd., Bridon International Ltd, Teufelberger Holding AG, Marlow Ropes Ltd., Yale Cordage Inc, Juli Sling, Cortland Limited, Southern Ropes, Lanex A.S, GRPP, English Braids Ltd, Taizhou Hongda, Katradis, Jiangsu Shenyun and so on.
Global market for Synthetic Fibre Rope is growing slowly in the past few years due to the continued impact of reduced customer spending on upstream offshore oil & gas related demand (exploration, drilling and commissioning activities) and competitive pricing pressures. Despite of this, the Synthetic Fibre Rope is rapidly replacing steel ropes due to superior characteristics, and has a huge demand in the emerging markets in Asia-Pacific region.
The leading companies own the advantages on better performance, more abundant product’s types, better technical and impeccable after-sales service. Consequently, they take the majority of the market share of high-end market. Looking to the future years, the slow downward price trend in recent years will maintain. As competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.
The industry is expected to remain innovation-led, with frequent acquisitions and strategic alliances adopted as the key strategies by the players to increase their industry presence. Market stays in mature period with a clear concentration. Meanwhile, optimize product mix and further develop value-added capabilities to maximize margins.
The Global Synthetic Fibre Rope Market Research Report 2017 report released by Global QYResearch provides a basic overview of the Synthetic Fibre Rope industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.
The report then focuses on major industry players in Global, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Synthetic Fibre Rope industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.
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