The Steel Wire Rope Market in India - Outlook to 2023 by Coating and Industry Application

DUBLIN, Sept. 28, 2018 /PRNewswire/ --

The "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)" report has been added to ResearchAndMarkets.com's offering.

Indian steel wire rope market, in terms of revenue is expected to increase at a single digit CAGR during FY'2018-FY'2023 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 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.

By Domestic and Exports Sales

Domestic sales have contributed the maximum share to the steel wire ropes market in FY'2018. Domestic companies' incapability of meeting international standards has been the proximate reason for fewer sales in the exports market. Usha Martin Limited, Bharat Wire 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 FY'2018 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 FY'2018.

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 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 FY'2018, unorganized players have dominated the market in terms of sales volume followed by organized players. Organized players have 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 FY'2018. 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 number of mines during FY'2015.

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.

Key Topics Covered

1. Executive Summary

• India Steel Wire Rope Market
• India Steel Wire Rope Market Size
• India Steel Wire Rope Market Segmentation
• Trade Scenario For Steel Wire Rope Market
• Competitive Landscape of Major Players in Steel Wire Rope Market
• Trends and Developments In Steel Wire Rope Market
• Future Outlook of India Steel Wire Rope Market

2. Appendix
2.1. Market Definition
2.2. Abbreviations
2.3. Market Sizing And Modeling

• Research Methodology
• Approach - Market Sizing
• Limitations
• Variables (Dependent And Independent)
• Multi Factor Based Sensitivity Model
• Final Conclusion

3. India Steel Wire Rope Market
3.1. India Steel Wire Rope Market Introduction
3.2. Value Chain Analysis of India Steel Wire Rope Market
3.3. Manufacturing Process of Steel Wire Ropes
3.4. Steel Wire Ropes Inspection Parameters
3.5. Steel Wire Rope Testing

4. India Steel Wire Rope Market Size, FY'2013 - FY'2018
4.1. India Steel Wire Rope Market Size By Value, FY'2013 - FY'2018
Overview

5. India Steel Wire Rope Market Segmentation
5.1. By Domestic And Export Sales, FY'2013 - FY'2017
5.2. By Coating (Plain Black, Galvanized and Others), FY'2018
5.3. By Industry Application (Construction and Engineering, Oil & Gas, Mining, Shipping and Others), FY'2013 and FY'2018

• Engineering and Construction
• Oil And Gas Industry
• Mining Industry
• Shipping Industry

5.4. By Sector (Organized and Unorganized Sector), FY'2018
5.5. By Type Of Lay (Regular Lay, Lang Lay and Others), FY'2018
5.6. By Regional Demand (Western, Southern, Northern and Eastern Region), FY'2018

6. Trade Scenario For India Steel Wire Rope Market, FY'2012-FY'2018
6.1. By Exports, FY'2012-FY'2018
6.2. By Imports, FY'2012-FY'2018
6.3. Norms And Regulations For Steel Wire Ropes In India
6.3.1. IS 1855:2003
6.3.2. IS 1856: 2005
6.3.3. IS 2266: 2002
6.3.4. IS 2365: 1977
6.3.5. IS 2581: 2002

7. Trends And Development In India Steel Wire Rope Market

• Increased Focus On Domestic Market
• Focus on elevator ropes
• Anti Dumping Policy On Chinese Steel Products
• Development of International Markets
• Meeting Quality Standards And Enhanced User Focus
• Growth in Mining Sector
• Growth in Infrastructure Investment
• Lag In Oil And Gas Sector

8. Issues and Challenges in India Steel Wire Rope Market

• Unanticipated Hurdles In Distribution Chain
• Fluctuations In Policies Of Countries
• Quality, Health And Safety Standards
• Low Capacity Utilisation
• Demand And Supply Gap In Select Verticals
• Higher Production Costs

9. Porter Five Forces Analysis for Indian Steel Wire Rope Market

10. Order Procedure for Steel Wire Ropes In India

• By Government Tenders
• Through Direct OE Sales

10.1.1. User Decision Marking Parameters

11. Market Share Of Major Players In India Steel Wire Rope Market, FY'2018

• Market Share By Revenues, FY'2017
• Market Share By Production Volume, FY'2018
• Competitive Landscape

12. Company Profiles of Major Players in India Steel Wire Rope Market
12.1. Usha Martin limited
12.2. Bharat Wire Ropes Limited
12.3. Bedmutha Industries limited
12.4. Aradhya Ropes and Slings Private Limited
12.5. Asahi Ropes Private Limited
12.6. Orion Ropes Private Limited
12.7. Shree Steel Wire Ropes Limited
12.8. Mahadev Industries

13. Snapshot on Smart Cities Mission and Influence on Steel Wire Report Market
13.1. Pradhan Mantri Awas Yojana - Housing For All (Urban)
13.2. Atal Mission for Rejuvenation and Urban Transformation (AMRUT)

14. India Steel Wire Rope Market Future Outlook And Projections, FY'2019 - FY'2023
14.1. India Steel Wire Ropes Market Future Outlook By Value, FY'2018 - FY'2023
14.2. Future Outlook By Market Structure, FY'2018 and FY'2023
14.3. Future Projections by End User Industries (Construction and Engineering, Oil & Gas, Mining, Shipping and Others), FY'2023
14.4. Analyst Recommendations

For more information about this report visit https://www.researchandmarkets.com/research/qgfldn/the_steel_wire?w=5

Media Contact:

Laura Wood, Senior Manager
[email protected]  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com