Wire Rope Sheaves Market - Introduction
A sheave is a pulley, with a grooved wheel for holding a wire rope, belt, or rope. Wire rope sheaves are designed for holding wire ropes in place. Grooved wheels spin on a bearing or axle inside the frame of the block. This allows the wire rope to move freely, thereby minimizing wear and friction on the wire rope. Wire rope sheaves are primarily used in facilitating safe and smooth operation of overhead crane hoists. Wire ropes can wear prematurely and can cause other dangerous hazards.
Wire rope sheaves are different from standard sheaves in terms of construction and operation. They are smooth and free from defects, which may cause rope damage. The sheaves which can be momentarily unloaded has to be locked with close-fitting guards in order to guide the rope back into the groove when the load is applied again. The pockets and flanges of sheaves, which are used with hoist chains, need to be of such dimensions that the chain does not bind or catch during the operation.
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Founded in 1994, Konecranes is involved in the manufacture and sale of lifting equipment. It provides overhead cranes such as standard industrial, automated cranes, overhead travelling cranes, and hoists & lifting devices. These include electric wire rope hoists, electric chain hoists, manual chain hoists, and air balancers. The company has aprroximately 17,000 employees at 600 locations in 50 countries.
China-based DGCRANE is a crane wheel manufacturer that specializes in crane designing and manufacturing. The company has exported cranes to more than 80 countries, primarily Russia, Uzbekistan, the Philippines, Bangladesh, Australia, Qatar, Tanzania, Singapore, Saudi Arabia, Pure, Brazil, and Nigeria. These cranes are manufactured using more than 300 sets of production equipment. The company has about 2000 employees.
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Certex Norway US
Certex Norway US is manufacturer of lifting products, wire products, and mooring and marine equipment. It also provides services such as maintenance, inspections, technical support, and certifications. The company has presence in Bergen, Stavanger, Kristiansand, Oslo, Trondheim, Kristiansund, Harstad, Hammerfest, Florø, and Sandnessjøen. It is a part of Lifting Solution Group under Axinter Company, which is owned by Axel Johnson Group. Lifting Solution Group has its own distribution channel in more than 15 countries in Europe with around 40 outlets.
Wire Rope Sheaves Market – Dynamics
Growth in Wire Rope Industry to Drive Wire Rope Sheaves Market
Expansion in infrastructure and industrial sectors across the globe is expected to drive the demand for wire ropes across the world. There exists replacement demand for wire ropes and wire rope sheaves. There is strong requirement of wire rope in oil & gas industry for meeting the needs of offshore exploration drilling rigs, offshore cranes, offshore winches, and land-based exploration drilling rigs and their servicing. Increasing demand from crane and lifting industry is anticipated to boost the demand for wire rope sheaves during the forecast period. Lifting products that use wire rope sheaves are container handling cranes, telescopic mobile cranes, mobile lattice boom cranes, overhead hoist/gantry cranes, bulk unloader cranes, ladle cranes, and piling cranes.
Fluctuation in Raw Material Prices may Hamper Wire Rope Sheaves Market
The wire rope sheaves market is highly susceptible to fluctuation in prices of raw materials, as almost 95% of wire rope sheaves constitute iron or steel. These prices are fluctuated on the basis of shipping costs, market maturity, energy costs, and supply demand scenario. Thus, volatility in prices of raw materials may adversely impact the purchasing decision of wire rope sheaves, since these are heavy duty products which does not easily tend to fail as these products are tested while manufacturing to almost 1.5 – 2 times its rating capacity.
Wire Rope Sheaves Market Segmentation
Based on molding, the global wire rope sheaves market can be segmented into
- Casting Iron Sheaves
- Casting Steel Sheaves
- Forged Sheaves
- Others (Rolling Sheaves, Weld Sheaves, Nylon Sheaves)
Based on load capacity, the global wire rope sheaves market can be divided into
- <1 Ton
- 1 – 2 Ton
- >2 Ton
Based on application, the wire rope sheaves market can be classified into
- Oil & Gas
- Other Sites (Mining, Building, etc.)
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