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.

Want to know the obstructions to your company’s growth in future? Request a brochure here

Konecranes                                                        

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.

DGCrane

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.

Looking for exclusive market insights from business experts? Request a Custom Report here

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

  • Construction
  • Industrial
  • Oil & Gas
  • Other Sites (Mining, Building, etc.)

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Wire Rope Sheaves Market

Pre Book