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)
Region:Asia
Product Code:KR622
April 2018
133
About the Report
This report will help the readers to identify the ongoing trends in the industry and anticipated growth in future depending upon changing industry dynamics in coming years. The report is useful for investors, potential entrants and other stakeholders to align their market centric strategies according to ongoing and expected trends in the future.
Market Segmentation:
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 Unorganized 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.
Future Outlook to India Steel Wire Rope Market: 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.
Key Topics Covered in the Report
- India steel wire rope market introduction
- Value chain analysis in India Steel Wire Rope market
- India steel wire rope market size by value
- India steel wire rope market segmentation by Sales (Domestic and Exports Sales), by coating (Plain Black, Galvanized and Others), by Industry Application (Construction and Engineering, Oil & Gas, Mining, Shipping and Others), by sector (Organized and Un-organized), by type of Lay (Regular Lay, Lang Lay and Others) and by Regional Demand (Western, Southern, Northern and Eastern Region).
- Trends and Developments in India steel wire rope market
- Issues and challenges in India steel wire rope market
- Porter Five Forces for steel wire ropes in India
- Order Procedure for steel wire ropes in India
- Snapshot on Smart City Mission and influence on steel wire ropes market
- Competitive landscape in India steel wire rope market
- Company profiling for major players in India steel wire rope market
- Government regulation in India steel wire rope market
- Export and Import trade scenario
- India steel wire rope market future outlook and projections
- Analyst Recommendations
Products
Companies
- Usha Martin Limited,
- Bharat Wire Ropes Limited,
- Bedmutha Industries Limited,
- Aradhya Ropes and Slings Private Limited,
- Asahi Ropes Private Limited,
- Orion Ropes Private Limited,
- Shree Steel Wire Ropes Limited and Mahadev Industries
Table of Contents
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
Disclaimer
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