According to our (Global Info Research) latest study, the global Elevator Wire Rope market size was valued at US$ 481 million in 2025 and is forecast to a readjusted size of US$ 597 million by 2032 with a CAGR of 3.1% during review period.
In 2025, global elevator wire rope production reached approximately 25952 k meters, the average price is 18 usd/meter. Elevator wire rope is a special type of wire rope used in the suspension and drive system of traction elevators. One end is attached to the car, the other end to the counterweight, and the traction sheave is in the middle, relying on friction for transmission. Modern machine-room-less and small machine-room elevators also use double-wound ropes to increase the wrap angle. Structurally, the mainstream type is 8×19S+FC fiber core or 8×19S+IWRC steel core. The inner strand uses a Warin Thunseru composite twisting method to make the outer steel wire thicker and more wear-resistant, while the inner filaments are finer and more fatigue-resistant. The rope diameter is commonly 8 to 13 mm. The breaking tensile strength is in accordance with GB 8903 or EN 12385 standards, and must meet a safety factor of twelve times the minimum breaking load and a bending fatigue life of tens of millions of cycles. In ultra-high-speed sections, compacted strands or plastic-coated carbon fiber composite ropes are used to reduce weight and noise.
Market Concentration and Major Players:
Internationally, the elevator wire rope market is highly concentrated, mainly in developed countries such as Europe and the United States. Large manufacturers include Gustav Wolf and Bekaert. Domestically, the elevator wire rope market still has significant room for growth.
Manufacturing Process and Market Trends:
The main manufacturing process for elevator wire rope involves cold-drawing, heat-treating, galvanizing, and twisting high-carbon wire rods. Pre-plating ensures uniform coating, while post-plating removes a thick zinc layer to resist corrosion. The mainstream elevator side lock uses an 8×19S+FC fiber core structure, while ultra-high-speed sections use a 12+8+1×19S large-diameter compacted strand with a steel core. Pre-tensioning and grease infiltration enhance structural stability and fatigue life. Plastic coating and DLC (diamond-like carbon) coating represent high-end incremental growth. The global market is dominated by five companies: Tokyo Steel, Gustav Wolf, Saifutian, Brugg, and Korea Steel, accounting for 40% of the market share. The Asia-Pacific region accounts for 65% of the production capacity. In the OE (Outer Elevator) segment, several elevator manufacturers, including Otis, Schindler, Kone, Mitsubishi, and Hitachi, have secured contracts. Kobe Steel's HybridRope carbon fiber composite rope, which reduces weight by 40%, has secured contracts for a 1,000-meter-class super high-rise building in Dubai. The 0.6 mm micro-diameter rope on the magnetic levitation side has been tested 100,000 times without failure. IoT embedded wire and predictive maintenance have created a premium in the high-end maintenance segment in Europe. Cordless magnetic levitation and composite rope are long-term variables, but in the short term, replacing existing coils is more stable than new elevators. In the domestic Guizhou Rope & Farsun elevator segment above 300 meters, foreign companies still hold a dominant position.
This report is a detailed and comprehensive analysis for global Elevator Wire Rope market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Core Materials and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Elevator Wire Rope market size and forecasts, in consumption value ($ Million), sales quantity (K Meter), and average selling prices (US$/Meter), 2021-2032
Global Elevator Wire Rope market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K Meter), and average selling prices (US$/Meter), 2021-2032
Global Elevator Wire Rope market size and forecasts, by Core Materials and by Application, in consumption value ($ Million), sales quantity (K Meter), and average selling prices (US$/Meter), 2021-2032
Global Elevator Wire Rope market shares of main players, shipments in revenue ($ Million), sales quantity (K Meter), and ASP (US$/Meter), 2021-2026
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Elevator Wire Rope
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Elevator Wire Rope market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Gustav Wolf (Germany), Bridon-Bekaert Ropes Group (Belgium), Wirerope Works (USA), Pfeifer Drako (Germany), Kiswire (South Korea), Usha Martin (India), BRUGG Lifting (Switzerland), Tokyo Rope (Japan), KOBELCO Wire (Japan), Kiswire (South Korea), etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Elevator Wire Rope market is split by Core Materials and by Application. For the period 2021-2032, the growth among segments provides accurate calculations and forecasts for consumption value by Core Materials, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Core Materials
Fiber Core
Steel Core
Others
Market segment by Shape
Round-Strand Rope
Compacted-Strand Rope
Shaped-Strand Rope
Market segment by Tensile
Single-Tensile Rope
Dual-Tensile Rope
High-Tensile Rope
Market segment by Application
Traction Elevators
Hydraulic Elevators
Major players covered
Gustav Wolf (Germany)
Bridon-Bekaert Ropes Group (Belgium)
Wirerope Works (USA)
Pfeifer Drako (Germany)
Kiswire (South Korea)
Usha Martin (India)
BRUGG Lifting (Switzerland)
Tokyo Rope (Japan)
KOBELCO Wire (Japan)
Kiswire (South Korea)
Manho Rope & Wire (South Korea)
Bharat Wire Ropes (India)
Chung Woo Rope (South Korea)
Golik Group(China)
Jiangsu Safety Group(China)
Haicheng Zhengchang Industrial(China)
Jiangsu Aks Steel Rope(China)
Hebei Hangniu Special Steel(China)
Guangzhou Strength Wire Rope & Hardware(China)
Nantong Haiyun Metal Products(China)
Jiangsu Durable Wire Rope(China)
Jiangsu Juli Steel Rope(China)
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Elevator Wire Rope product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Elevator Wire Rope, with price, sales quantity, revenue, and global market share of Elevator Wire Rope from 2021 to 2026.
Chapter 3, the Elevator Wire Rope competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Elevator Wire Rope breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2021 to 2032.
Chapter 5 and 6, to segment the sales by Core Materials and by Application, with sales market share and growth rate by Core Materials, by Application, from 2021 to 2032.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2021 to 2026.and Elevator Wire Rope market forecast, by regions, by Core Materials, and by Application, with sales and revenue, from 2027 to 2032.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Elevator Wire Rope.
Chapter 14 and 15, to describe Elevator Wire Rope sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Elevator Wire Rope. Industry analysis & Market Report on Elevator Wire Rope is a syndicated market report, published as Global Elevator Wire Rope Market 2026 by Manufacturers, Regions, Type and Application, Forecast to 2032. It is complete Research Study and Industry Analysis of Elevator Wire Rope market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.