엘리베이터 로프 시장 기회, 성장 촉진요인, 업계 동향 분석 및 예측(2026-2035년)

The Global Elevator Ropes Market was valued at USD 796.4 million in 2025 and is estimated to grow at a CAGR of 4.6% to reach USD 1.24 billion by 2035.

The surge in urbanization and vertical construction has driven demand for high-rise buildings and skyscrapers, which rely heavily on advanced elevator systems. As cities expand upward to accommodate growing populations on limited land, the need for durable, high-strength elevator ropes capable of handling increased loads and travel distances has grown significantly. Local government infrastructure projects and smart city initiatives are further encouraging the adoption of efficient vertical transportation systems. Developers are increasingly focused on premium residential and commercial projects that require elevators offering speed, reliability, and safety. This trend provides opportunities for manufacturers to innovate with lightweight, high-performance materials and integrate smart monitoring technologies, which enhance safety, reduce maintenance costs, and improve overall operational efficiency in elevator systems.

The machine room elevator segment generated USD 644.7 million in 2025. These elevators feature dedicated machine rooms housing the motor, control panel, drive systems, and other essential components, enabling easier maintenance and repairs. MR elevators are commonly used in mid- to high-rise buildings due to their capacity to accommodate larger motors, modern control systems, and heavy loads while ensuring efficient, high-speed operation.

The governor segment accounted for a 48.7% share in 2025. As the key safety component, governors monitor elevator speed and activate safety mechanisms if the car exceeds the maximum allowed velocity. By preventing uncontrolled descents, governors are mandated in all elevators, making them a critical component of the elevator ropes market worldwide.

U.S. Elevator Ropes Market held a 77.9% share, generating USD 49.3 million in 2025. High-speed blower systems in industries such as wastewater treatment, chemical processing, oil and gas, and power generation have increased demand for elevator ropes. Companies are adopting advanced technologies to enhance reliability, reduce operational costs, and meet stringent environmental and energy-efficiency standards.

Major players in the Global Elevator Ropes Market include Redaelli Tecna, Gustav Wolf, WireCo World Group, DSR Wire, Usha Martin, Tokyo Rope International, PFEIFER DRAKO Drahtseilwerk, Bekaert, Brugg Group, Jiangsu Shenwang Group Wire Rope, Teufelberger Wire Rope, Fasten Group, Jiangsu Safety Steel Wire Rope, KISWIRE, and Tianjin Goldsun Wire Rope. Key strategies adopted by companies in the Elevator Ropes Market focus on strengthening market position through technological innovation, such as developing lightweight, high-strength ropes and smart monitoring systems. Firms are investing in R&D to improve durability, load capacity, and safety features, while expanding manufacturing and distribution networks to reach emerging urban markets. Strategic partnerships and collaborations with elevator manufacturers enhance the integration of ropes with modern systems.

Table of Contents

Chapter 1 Methodology and Scope

• 1.1 Market scope and definition
• 1.2 Research design
  • 1.2.1 Research approach
  • 1.2.2 Data collection methods
• 1.3 Data mining sources
  • 1.3.1 Global
  • 1.3.2 Regional/Country
• 1.4 Base estimates and calculations
  • 1.4.1 Base year calculation
  • 1.4.2 Key trends for market estimation
• 1.5 Primary research and validation
  • 1.5.1 Primary sources
• 1.6 Forecast model
• 1.7 Research assumptions and limitations

Chapter 2 Executive Summary

• 2.1 Industry 360° synopsis
• 2.2 Key market trends
  • 2.2.1 Regional
  • 2.2.2 Elevator type
  • 2.2.3 Functionality
  • 2.2.4 Core type
  • 2.2.5 Price
  • 2.2.6 End use
  • 2.2.7 Distribution channel
• 2.3 CXO perspectives: Strategic imperatives
  • 2.3.1 Key decision points for industry executives
  • 2.3.2 Critical success factors for market players
• 2.4 Future outlook and strategic recommendations

Chapter 3 Industry Insights

• 3.1 Industry ecosystem analysis
  • 3.1.1 Supplier landscape
  • 3.1.2 Profit margin
  • 3.1.3 Value addition at each stage
  • 3.1.4 Factor affecting the value chain
• 3.2 Industry impact forces
  • 3.2.1 Growth drivers
    • 3.2.1.1 Surging urbanization & high-rise construction
    • 3.2.1.2 Modernization of aging infrastructure
    • 3.2.1.3 Expansion of commercial spaces
  • 3.2.2 Industry pitfalls & challenges
    • 3.2.2.1 Emergence of rope-less elevator systems
    • 3.2.2.2 Maintenance complexity
  • 3.2.3 Opportunities
    • 3.2.3.1 Smart ropes with IoT monitoring
    • 3.2.3.2 Advanced materials adoption
• 3.3 Growth potential analysis
• 3.4 Future market trends
• 3.5 Technology and innovation landscape
  • 3.5.1 Current technological trends
  • 3.5.2 Emerging technologies
• 3.6 Price trends
  • 3.6.1 By Region
  • 3.6.2 By Elevator type
• 3.7 Regulatory landscape
  • 3.7.1 Standards and compliance requirements
  • 3.7.2 Regional regulatory frameworks
  • 3.7.3 Certification standards
• 3.8 Porter's analysis
• 3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2025

• 4.1 Introduction
• 4.2 Company market share analysis
  • 4.2.1 By Region
• 4.3 Company matrix analysis
• 4.4 Competitive analysis of major market players
• 4.5 Competitive positioning matrix
• 4.6 Key developments
  • 4.6.1 Mergers & acquisitions
  • 4.6.2 Partnerships & collaborations
  • 4.6.3 New product launches
  • 4.6.4 Expansion plans

Chapter 5 Market Estimates and Forecast, By Elevator Type, 2022 - 2035 (USD Million) (Thousand Units)

• 5.1 Key trends
• 5.2 Machine room (MR) elevator
• 5.3 Machine room less (MRL) elevator
• 5.4 Hydraulic elevator

Chapter 6 Market Estimates and Forecast, By Functionality, 2022 - 2035 (USD Million) (Thousand Units)

• 6.1 Key trends
• 6.2 Traction/Hoist
• 6.3 Governor
• 6.4 Compensation

Chapter 7 Market Estimates and Forecast, By Core Type, 2022 - 2035 (USD Million) (Thousand Units)

• 7.1 Key trends
• 7.2 Fiber core (FC)
• 7.3 Independent wire rope core (IWRC)

Chapter 8 Market Estimates and Forecast, By Price, 2022 - 2035 (USD Million) (Thousand Units)

• 8.1 Key trends
• 8.2 Low
• 8.3 Medium
• 8.4 High

Chapter 9 Market Estimates and Forecast, By End Use, 2022 - 2035 (USD Million) (Thousand Units)

• 9.1 Key trends
• 9.2 Residential
• 9.3 Commercial
• 9.4 Industrial

Chapter 10 Market Estimates and Forecast, By Distribution Channel, 2022 - 2035 (USD Million) (Thousand Units)

• 10.1 Key trends
• 10.2 Direct sales
• 10.3 Indirect sales

Chapter 11 Market Estimates and Forecast, By Region, 2022 - 2035 (USD Million) (Thousand Units)

• 11.1 Key trends
• 11.2 North America
  • 11.2.1 U.S.
  • 11.2.2 Canada
• 11.3 Europe
  • 11.3.1 Germany
  • 11.3.2 UK
  • 11.3.3 France
  • 11.3.4 Italy
  • 11.3.5 Spain
• 11.4 Asia Pacific
  • 11.4.1 China
  • 11.4.2 Japan
  • 11.4.3 India
  • 11.4.4 Australia
  • 11.4.5 South Korea
• 11.5 Latin America
  • 11.5.1 Brazil
  • 11.5.2 Mexico
  • 11.5.3 Argentina
• 11.6 Middle East and Africa
  • 11.6.1 South Africa
  • 11.6.2 Saudi Arabia
  • 11.6.3 UAE

Chapter 12 Company Profiles

• 12.1 Bekaert
• 12.2 Brugg Group
• 12.3 DSR Wire
• 12.4 Fasten Group
• 12.5 Gustav Wolf
• 12.6 Jiangsu Safety Steel Wire Rope
• 12.7 Jiangsu Shenwang Group Wire Rope
• 12.8 KISWIRE
• 12.9 PFEIFER DRAKO Drahtseilwerk
• 12.10 Redaelli Tecna
• 12.11 Teufelberger Wire Rope
• 12.12 Tianjin Goldsun Wire Rope
• 12.13 Tokyo Rope International
• 12.14 Usha Martin
• 12.15 WireCo WorldGroup