| Product Code: ETC7557057 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
India`s wire rope sling import shipments in 2024 continued to be dominated by top exporting countries such as China, Malaysia, Thailand, Vietnam, and South Korea. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. With a strong compound annual growth rate (CAGR) of 15.11% from 2020 to 2024, and an impressive growth rate of 18.51% from 2023 to 2024, the market for wire rope slings in India is showing significant expansion and potential for further growth in the coming years.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Wire Rope Sling Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Wire Rope Sling Market Revenues & Volume, 2021 & 2031F |
3.3 India Wire Rope Sling Market - Industry Life Cycle |
3.4 India Wire Rope Sling Market - Porter's Five Forces |
3.5 India Wire Rope Sling Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 India Wire Rope Sling Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 India Wire Rope Sling Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction and infrastructure development projects in India |
4.2.2 Increasing adoption of wire rope slings in industries such as oil gas, shipping, and manufacturing |
4.2.3 Rise in offshore exploration activities in the country |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of wire rope slings |
4.3.2 Stringent regulations and standards for safety and quality compliance |
4.3.3 Competition from alternative lifting equipment such as chains and synthetic slings |
5 India Wire Rope Sling Market Trends |
6 India Wire Rope Sling Market, By Types |
6.1 India Wire Rope Sling Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 India Wire Rope Sling Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 India Wire Rope Sling Market Revenues & Volume, By Pressed Wire Rope Sling, 2021- 2031F |
6.1.4 India Wire Rope Sling Market Revenues & Volume, By Insert Wire Rope Sling, 2021- 2031F |
6.1.5 India Wire Rope Sling Market Revenues & Volume, By Cast Wire Rope Sling, 2021- 2031F |
6.1.6 India Wire Rope Sling Market Revenues & Volume, By Others, 2021- 2031F |
6.2 India Wire Rope Sling Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 India Wire Rope Sling Market Revenues & Volume, By Oil & Gas, 2021- 2031F |
6.2.3 India Wire Rope Sling Market Revenues & Volume, By Construction & Industrial Lifting, 2021- 2031F |
6.2.4 India Wire Rope Sling Market Revenues & Volume, By Other, 2021- 2031F |
7 India Wire Rope Sling Market Import-Export Trade Statistics |
7.1 India Wire Rope Sling Market Export to Major Countries |
7.2 India Wire Rope Sling Market Imports from Major Countries |
8 India Wire Rope Sling Market Key Performance Indicators |
8.1 Number of construction permits issued in India |
8.2 Percentage increase in the adoption of wire rope slings in key industries |
8.3 Growth in the number of offshore exploration projects in India |
9 India Wire Rope Sling Market - Opportunity Assessment |
9.1 India Wire Rope Sling Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 India Wire Rope Sling Market Opportunity Assessment, By Application, 2021 & 2031F |
10 India Wire Rope Sling Market - Competitive Landscape |
10.1 India Wire Rope Sling Market Revenue Share, By Companies, 2024 |
10.2 India Wire Rope Sling Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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