This is a paid press release. Contact the press release distributor directly with any inquiries.PR Newswire 6 min readDELRAY BEACH, Fla., Nov. 11, 2025 /PRNewswire/ — The report “Steel Wire Rope Market by Lay Type (Regular, Lang), Material Type (Carbon Steel, Galvanized Steel, Stainless Steel), Coating, Diameter, Application (Construction, Mining, Marine & Fishing, Industrial & Crane, Oil & Gas), and Region – Global Forecast to 2030”, The global steel wire rope market is projected to reach USD 13.88 billion by 2030 from USD 10.49 billion in 2025, at a CAGR of 5.8%. MarketsandMarkets Logo Browse in-depth TOC on “Steel Wire Rope Market”200 – Tables 180 – Figures 250 – PagesDownload PDF Brochure https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=153845166The global steel wire rope market is driven by growing demand from construction, infrastructure, mining, oil & gas, marine, and industrial machinery sectors, where high-strength, durable, and reliable lifting and hoisting solutions are essential. Rapid urbanization, infrastructure development, and industrialization boost the demand for steel wire ropes, which are widely used in cranes, elevators, bridges, offshore platforms, mooring systems, and heavy-duty industrial equipment due to their superior load-bearing capacity and fatigue resistance. Technological advancements focus on improving tensile strength, corrosion resistance, and durability through coating, rope design, and manufacturing innovations.Lang lay type is set to record a higher CAGR in the steel wire rope market, in terms of value.Based on the type of lay, lang lay accounted for a smaller share but a higher growth rate of the overall steel wire rope market. They offer superior wear resistance and higher flexibility compared to regular lay ropes. These characteristics make lang lay ropes ideal for heavy-duty applications involving repetitive bending and abrasion, such as mining, oil rigs, and marine dredging. Their enhanced fatigue resistance and better performance under stress improve operational lifespan, especially in harsh conditions like underwater use when coated with zinc-aluminum. Lang lay ropes reduce wear on sheaves and drums due to greater wearing surface per wire and provide smoother handling where flexibility is critical.Stainless steel ropes are projected to witness the highest CAGR in the steel wire rope market, in terms of value.Stainless steel wire ropes, while accounting for the third-largest market share, are set to exhibit the highest CAGR due to their specialized use in niche but essential applications where corrosion resistance, durability, and aesthetic appeal are crucial. While carbon steel and other alloy steels dominate in terms of volume because of lower cost and widespread use in construction, mining, and industrial machinery, stainless steel ropes are preferred in marine environments, architectural projects, food processing, and medical devices where exposure to moisture, chemi
