Selbyville, Delaware, March 09, 2020 (GLOBE NEWSWIRE) --
Global Market Insights, Inc. has recently added a new report on elevator ropes market which estimates the global market valuation for elevator rope will cross US$ 800 million by 2026. Growing demand for high speed passengers as well as service elevators in Asia Pacific will increase product sales in future.
Growing population and urbanization in emerging countries around the globe has created ample opportunities for the elevator suppliers recently. Rising construction spending in the developing nations, particularly in Asia, in order to provide better infrastructure & residence will result in progressive growth in sales of elevator till 2026. Such movements will subsequently be enhancing growth of the elevator ropes sales in future.
Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4584
Fiber core (FC) will occupy significant share of elevator ropes market at end of projection time period and will grow significantly over the forecast period. This will be due to their key feature of providing excellent resistance against contact pressure & superior flexibility in handling.
Governor ropes will be generating market revenue of more than USD 100 million by end of projection period. These ropes function as safety mechanism during fast movement of an elevator cabin. Fiber core type ropes are widely utilized for this function as it provides tremendous flexibility. Rising usage of high-speed passengers as well as service elevators will further stimulate governor segment’s share by end of 2026.
Hydraulic elevators will have around 15% share of global market from 2020 to 2026. These types are mainly found in low rise buildings and are cost effective solutions compared to other elevators. However, the energy consumption of hydraulic elevators is substantially higher, which is responsible for its lower share in the elevator ropes market.
Browse key industry insights spread across 216 pages with 220 market data tables & 26 figures & charts from the report, “Elevator Rope Market Share & Forecast, 2020 - 2026” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/elevator-ropes-market
Europe will also be a key region in the industry and its market value is estimated at around USD 200 million in 2026. Growing construction activities in the emerging countries will provide enormous prospects to elevator rope manufacturers in future. Besides, rising maintenance and repair activities of elevators in the region will be driving force behind market development. Increasing number of high rise building in key countries including France, UK, Italy, etc. will propel elevator ropes sales by end of projection period.
Some major findings of the elevator ropes market report include:
- Potential for high rise structures & buildings development will be propelling revenue share of elevator ropes in near term.
- Asia Pacific will be leading the global market owing to rising demand of elevators in China coupled with increasing number of skyscrapers.
- MRL elevators likely to gain major attention in elevator ropes industry due to ongoing trend of constructing energy saving buildings & structures.
- The industry is moderately fragmented, with key players accounting for significant share of market.
- Ropeless elevators will hamper market growth rate over coming decades.
The major players included in elevator ropes market study are Usha Martin, BRUGG Lifting, Gustav Wolf GmbH, Bharat Wire Ropes Limited, WireCo WorldGroup, PFEIFER DRAKO, 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, Bekaert and DSR.
Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/4584
Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Elevator ropes industry 360⁰ synopsis, 2016 - 2026
2.1.1 Business trends
2.1.2 Core type trends
2.1.3 Functionality trends
2.1.4 Elevator type trends
2.1.5 Regional trends
Chapter 3 Elevator Ropes Industry Insights
3.1 Industry segmentation
3.2 Industry size, and forecast, 2016 – 2026
3.3 Industry ecosystem analysis
3.3.1 Profit margin
3.3.2 Value addition at each stage
3.3.3 Distribution channel analysis
3.3.4 Vendor matrix
3.3.4.1 List of key component suppliers
3.3.4.2 List of key manufacturers/suppliers
3.3.4.3 List of key/potential customers
3.4 Raw material analysis
3.5 Innovation & sustainability
3.5.1 Patent Analysis
3.5.2 Technology landscape
3.5.3 Production process
3.5.4 Future trends
3.6 Industry impact forces
3.6.1 Growth drivers
3.6.1.1 Rising elevator industry in Asia
3.6.1.2 Growing demand for high-rise buildings
3.6.1.3 Favorable government initiatives
3.6.2 Industry pitfalls & challenges
3.6.2.1 Advent of ropeless elevators
3.7 Regulatory trends
3.7.1 U.S.
3.7.2 Europe
3.7.3 China
3.8 Growth potential analysis
3.9 Competitive landscape
3.9.1 Company performance analysis
3.9.2 Key stakeholders
3.9.3 Strategic dashboard
3.10. Porter’s analysis
3.10.1 Threat of new entrants
3.10.2 Threat of substitutes
3.10.3 Industry rivalry
3.10.4 Supplier’s power
3.10.5 Buyer’s power
3.11. Regional price trends
3.11.1 Regional price trends
3.11.2 Cost structure analysis
3.11.2.1 R&D cost
3.11.2.2 Manufacturing cost
3.11.2.3 Component and Raw Material cost
3.11.2.4 Distribution cost
3.11.2.5 Operating cost
3.11.2.6 Miscellaneous cost
3.12. PESTEL analysis
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider. Offering syndicated and custom research reports, growth consulting and business intelligence services, Global Market Insights, Inc. aims to help clients with penetrative insights and actionable market data that aid in strategic decision making.
GMIPulse, our business analytics platform, offers an online, interactive option of exploring our proprietary industry research data in an easy-to-use and dynamic manner. Clients get to explore market intelligence across 11 top-level categories and hundreds of industry segments within them, covering regional, company level and cross-sectional statistics that make our offering a stand-out for decision-makers.