Market Forecast by Countries (Saudi Arabia, UAE, Qatar, Kuwait, Oman, Bahrain and Turkey), By Raw Material (Natural, Synthetic), By Twist Type (Strand Braided Rope, Double Braided Rope, Turbo Braided Rope), By End-User Industry (Marine & Fishing, Packaging, Sports & Leisure, Oil & Gas, Construction, Others) And Competitive Landscape
Product Code: ETC060645 | Publication Date: Jun 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The Middle East Ropes And Cordages Market is expected to experience significant growth in the next few years. According to recent market research, by 2023, the industry is projected to expand at a compound annual growth rate (CAGR) of 5.8%.
One key factor driving this growth is increasing demand from various sectors such as construction, shipping, and oil & gas industries. These industries rely heavily on ropes and cordages for lifting heavy equipment and other applications.
Additionally, there has been an increase in technological advancements in the manufacturing process of ropes and cordages. New materials are being used that enhance durability and strength while reducing weight. This development makes them ideal for use in harsh environments where traditional materials would not withstand the conditions.
Another trend to look out for includes increased investment by key players within the region into developing new products that cater uniquely to their clients' needs.
These developments suggest that we can expect continued expansion of the Middle East Ropes And Cordages Market throughout 2023 and beyond as new technologies continue emerging alongside new demands from different industries.
The Middle East Ropes and Cordages market is a constantly evolving industry that has been growing significantly in recent years. The demand for ropes and cordages has increased due to various factors such as the growth of the shipping industry, construction activities, and the need for safety equipment.
The market is segmented based on product type, material type, application, and geography. The product types include natural fiber ropes and synthetic fiber ropes. Meanwhile, materials used can range from cotton to nylon or polyester blends. Applications include marine & fishing, oil & gas exploration, construction work, sports & leisure activities among others.
One of the major trends driving this market's growth is innovation in rope manufacturing techniques to provide superior strength while ensuring cost-effective production methods. With an increasing focus on environment-friendly products within various industries across MEA countries coupled with government regulations aimed at reducing carbon footprint are expected to positively impact sales prospects over time.
The COVID-19 pandemic has affected numerous industries worldwide, and the Middle East ropes and cordages market is no exception. The outbreak of the virus has caused a significant disruption in global supply chains, leading to a shortage of raw materials for manufacturing companies.
As a result, many manufacturers have been forced to temporarily shut down their operations or reduce their production capacity. This has led to delays in shipments and an increase in prices due to the limited availability of products.
Furthermore, with travel restrictions put in place by governments across the region, transportation and logistics have become challenging for businesses operating within this industry. Companies are now facing higher costs for transportation as well as difficulties in accessing certain markets.
In response to these challenges, some companies have begun exploring alternative sourcing options and investing more heavily in e-commerce platforms and digital marketing strategies. The pandemic has accelerated trends such as online shopping that were already taking hold before the crisis began.
Despite these challenges brought about by COVID-19, there are still opportunities for growth within the Middle East ropes and cordages market. Demand remains high for essential applications such as construction projects, oil drilling activities, shipping industry needs among others which require reliable rope & cordage solutions.
COVID-19 may have created obstacles along the way; it hasn't dampened demand completely thus offering new possibilities when things get under control
As we conclude, the Middle East Ropes and Cordages Market is witnessing steady growth, driven by factors such as increasing investment in infrastructure development projects and an expanding oil & gas industry. The COVID-19 pandemic has certainly impacted the market outlook, but it is expected to recover in the coming years.
Key players operating in this market include Wireco Worldgroup Inc., Bridon-Bekaert Ropes Group, Cortland Limited, Samson Rope Technologies Inc., English Braids Ltd., Southern Ropes FZCO, Usha Martin Limited, Marlow Ropes Ltd., Teufelberger Holding AG and Touwfabriek Langman BV among others.
These companies are adopting various strategies such as mergers & acquisitions, partnerships and collaborations to expand their business operations across different regions of the world. They are also investing heavily in research & development activities to develop innovative products that would cater to changing customer needs.
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 Middle East Ropes and Cordages Market Overview |
3.1 Middle East Regional Macro Economic Indicators |
3.2 Middle East Ropes and Cordages Market Revenues & Volume, 2020 & 2027F |
3.3 Middle East Ropes and Cordages Market - Industry Life Cycle |
3.4 Middle East Ropes and Cordages Market - Porter's Five Forces |
3.5 Middle East Ropes and Cordages Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Middle East Ropes and Cordages Market Revenues & Volume Share, By Raw Material, 2020 & 2027F |
3.7 Middle East Ropes and Cordages Market Revenues & Volume Share, By Twist Type, 2020 & 2027F |
3.8 Middle East Ropes and Cordages Market Revenues & Volume Share, By End-User Industry, 2020 & 2027F |
4 Middle East Ropes and Cordages Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Middle East Ropes and Cordages Market Trends |
6 Saudi Arabia Ropes and Cordages Market, 2017 - 2027 |
6.1.1 Saudi Arabia Ropes and Cordages Market, Revenues & Volume, By Raw Material, 2017 - 2027 |
6.1.2 Saudi Arabia Ropes and Cordages Market, Revenues & Volume, By Twist Type, 2017 - 2027 |
6.1.3 Saudi Arabia Ropes and Cordages Market, Revenues & Volume, By End-User Industry, 2017 - 2027 |
7 UAE Ropes and Cordages Market, 2017 - 2027 |
7.1 UAE Ropes and Cordages Market, Revenues & Volume, By Raw Material, 2017 - 2027 |
7.2 UAE Ropes and Cordages Market, Revenues & Volume, By Twist Type, 2017 - 2027 |
7.3 UAE Ropes and Cordages Market, Revenues & Volume, By End-User Industry, 2017 - 2027 |
8 Qatar Ropes and Cordages Market, 2017 - 2027 |
8.1 Qatar Ropes and Cordages Market, Revenues & Volume, By Raw Material, 2017 - 2027 |
8.2 Qatar Ropes and Cordages Market, Revenues & Volume, By Twist Type, 2017 - 2027 |
8.3 Qatar Ropes and Cordages Market, Revenues & Volume, By End-User Industry, 2017 - 2027 |
9 Kuwait Ropes and Cordages Market, 2017 - 2027 |
9.1 Kuwait Ropes and Cordages Market, Revenues & Volume, By Raw Material, 2017 - 2027 |
9.2 Kuwait Ropes and Cordages Market, Revenues & Volume, By Twist Type, 2017 - 2027 |
9.3 Kuwait Ropes and Cordages Market, Revenues & Volume, By End-User Industry, 2017 - 2027 |
10 Oman Ropes and Cordages Market, 2017 - 2027 |
10.1 Oman Ropes and Cordages Market, Revenues & Volume, By Raw Material, 2017 - 2027 |
10.2 Oman Ropes and Cordages Market, Revenues & Volume, By Twist Type, 2017 - 2027 |
10.3 Oman Ropes and Cordages Market, Revenues & Volume, By End-User Industry, 2017 - 2027 |
11 Bahrain Ropes and Cordages Market, 2017 - 2027 |
11.1 Bahrain Ropes and Cordages Market, Revenues & Volume, By Raw Material, 2017 - 2027 |
11.2 Bahrain Ropes and Cordages Market, Revenues & Volume, By Twist Type, 2017 - 2027 |
11.3 Bahrain Ropes and Cordages Market, Revenues & Volume, By End-User Industry, 2017 - 2027 |
12 Turkey Ropes and Cordages Market, 2017 - 2027 |
12.1 Turkey Ropes and Cordages Market, Revenues & Volume, By Raw Material, 2017 - 2027 |
12.2 Turkey Ropes and Cordages Market, Revenues & Volume, By Twist Type, 2017 - 2027 |
12.3 Turkey Ropes and Cordages Market, Revenues & Volume, By End-User Industry, 2017 - 2027 |
13 Rest of Middle East Ropes and Cordages Market, 2017 - 2027 |
13.1 Rest of Middle East Ropes and Cordages Market, Revenues & Volume, By Raw Material, 2017 - 2027 |
13.2 Rest of Middle East Ropes and Cordages Market, Revenues & Volume, By Twist Type, 2017 - 2027 |
13.3 Rest of Middle East Ropes and Cordages Market, Revenues & Volume, By End-User Industry, 2017 - 2027 |
14 Middle East Ropes and Cordages Market Key Performance Indicators |
15 Middle East Ropes and Cordages Market - Opportunity Assessment |
15.1 Middle East Ropes and Cordages Market Opportunity Assessment, By Countries, 2020 & 2027F |
15.2 Middle East Ropes and Cordages Market Opportunity Assessment, By Raw Material, 2020 & 2027F |
15.3 Middle East Ropes and Cordages Market Opportunity Assessment, By Twist Type, 2020 & 2027F |
15.4 Middle East Ropes and Cordages Market Opportunity Assessment, By End-User Industry, 2020 & 2027F |
16 Middle East Ropes and Cordages Market - Competitive Landscape |
16.1 Middle East Ropes and Cordages Market Revenue Share, By Companies, 2020 |
16.2 Middle East Ropes and Cordages Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |