
Elevator compensation wire rope is a component used to connect the elevator car and counterweight, balance the weight of the traction rope and accompanying cable, and play a balancing role in the operation of the elevator. During the operation of the elevator, the lengths of the wire ropes on the car side and the counterweight side are constantly changing, which causes changes in the weight of the wire ropes on both sides of the traction sheave. When the lifting height of the elevator exceeds a certain height, components with a certain weight must be installed to balance the changes in balance weight caused by changes in height, so the elevator's compensation wire rope came into being.
Compensation wire ropes generally have high compressive strength and hardness, and have a longer service life than elevator counterweight wire ropes, but their load-bearing capacity is not as good as elevator counterweight wire ropes. Its main function is to eliminate errors caused by excessive length changes between the elevator driver's cables due to factors such as elastic magnification when the elevators are separated by a certain lifting distance, thereby ensuring the stability and reliability of the elevator system.
The global Elevator Compensation Wire Rope market size is projected to grow from US$ million in 2024 to US$ million in 2030; it is expected to grow at a CAGR of %from 2024 to 2030.
The “Elevator Compensation Wire Rope Industry Forecast” looks at past sales and reviews total world Elevator Compensation Wire Rope sales in 2023, providing a comprehensive analysis by region and market sector of projected Elevator Compensation Wire Rope sales for 2024 through 2030. With Elevator Compensation Wire Rope sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Elevator Compensation Wire Rope industry.
This Insight Report provides a comprehensive analysis of the global Elevator Compensation Wire Rope landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Elevator Compensation Wire Rope portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Elevator Compensation Wire Rope market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Elevator Compensation Wire Rope and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Elevator Compensation Wire Rope.
United States market for Elevator Compensation Wire Rope is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
China market for Elevator Compensation Wire Rope is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Europe market for Elevator Compensation Wire Rope is estimated to increase from US$ million in 2023 to US$ million by 2030, at a CAGR of % from 2024 through 2030.
Global key Elevator Compensation Wire Rope players cover Gustav Wolf, Pfeifer Drako, BRUGG Lifting AG, Kiswire, Bridon-Bekaert, etc. In terms of revenue, the global two largest companies occupied for a share nearly
% in 2023.
This report presents a comprehensive overview, market shares, and growth opportunities of Elevator Compensation Wire Rope market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
6-Strand
8-Strand
Others
Segmentation by Application:
Traction Elevator
Hydraulic Elevator
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Gustav Wolf
Pfeifer Drako
BRUGG Lifting AG
Kiswire
Bridon-Bekaert
Jiangsu Safety Wire Rope
Tianjin Goldsun Wire Rope Ltd.
Jiangsu Shenwang Group Wire Rope Co., Ltd
Changsha Aulone Construction
Key Questions Addressed in this Report
What is the 10-year outlook for the global Elevator Compensation Wire Rope market?
What factors are driving Elevator Compensation Wire Rope market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Elevator Compensation Wire Rope market opportunities vary by end market size?
How does Elevator Compensation Wire Rope break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Elevator Compensation Wire Rope Annual Sales 2019-2030
2.1.2 World Current & Future Analysis for Elevator Compensation Wire Rope by Geographic Region, 2019, 2023 & 2030
2.1.3 World Current & Future Analysis for Elevator Compensation Wire Rope by Country/Region, 2019, 2023 & 2030
2.2 Elevator Compensation Wire Rope Segment by Type
2.2.1 6-Strand
2.2.2 8-Strand
2.2.3 Others
2.3 Elevator Compensation Wire Rope Sales by Type
2.3.1 Global Elevator Compensation Wire Rope Sales Market Share by Type (2019-2024)
2.3.2 Global Elevator Compensation Wire Rope Revenue and Market Share by Type (2019-2024)
2.3.3 Global Elevator Compensation Wire Rope Sale Price by Type (2019-2024)
2.4 Elevator Compensation Wire Rope Segment by Application
2.4.1 Traction Elevator
2.4.2 Hydraulic Elevator
2.5 Elevator Compensation Wire Rope Sales by Application
2.5.1 Global Elevator Compensation Wire Rope Sale Market Share by Application (2019-2024)
2.5.2 Global Elevator Compensation Wire Rope Revenue and Market Share by Application (2019-2024)
2.5.3 Global Elevator Compensation Wire Rope Sale Price by Application (2019-2024)
3 Global by Company
3.1 Global Elevator Compensation Wire Rope Breakdown Data by Company
3.1.1 Global Elevator Compensation Wire Rope Annual Sales by Company (2019-2024)
3.1.2 Global Elevator Compensation Wire Rope Sales Market Share by Company (2019-2024)
3.2 Global Elevator Compensation Wire Rope Annual Revenue by Company (2019-2024)
3.2.1 Global Elevator Compensation Wire Rope Revenue by Company (2019-2024)
3.2.2 Global Elevator Compensation Wire Rope Revenue Market Share by Company (2019-2024)
3.3 Global Elevator Compensation Wire Rope Sale Price by Company
3.4 Key Manufacturers Elevator Compensation Wire Rope Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Elevator Compensation Wire Rope Product Location Distribution
3.4.2 Players Elevator Compensation Wire Rope Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Elevator Compensation Wire Rope by Geographic Region
4.1 World Historic Elevator Compensation Wire Rope Market Size by Geographic Region (2019-2024)
4.1.1 Global Elevator Compensation Wire Rope Annual Sales by Geographic Region (2019-2024)
4.1.2 Global Elevator Compensation Wire Rope Annual Revenue by Geographic Region (2019-2024)
4.2 World Historic Elevator Compensation Wire Rope Market Size by Country/Region (2019-2024)
4.2.1 Global Elevator Compensation Wire Rope Annual Sales by Country/Region (2019-2024)
4.2.2 Global Elevator Compensation Wire Rope Annual Revenue by Country/Region (2019-2024)
4.3 Americas Elevator Compensation Wire Rope Sales Growth
4.4 APAC Elevator Compensation Wire Rope Sales Growth
4.5 Europe Elevator Compensation Wire Rope Sales Growth
4.6 Middle East & Africa Elevator Compensation Wire Rope Sales Growth
5 Americas
5.1 Americas Elevator Compensation Wire Rope Sales by Country
5.1.1 Americas Elevator Compensation Wire Rope Sales by Country (2019-2024)
5.1.2 Americas Elevator Compensation Wire Rope Revenue by Country (2019-2024)
5.2 Americas Elevator Compensation Wire Rope Sales by Type (2019-2024)
5.3 Americas Elevator Compensation Wire Rope Sales by Application (2019-2024)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Elevator Compensation Wire Rope Sales by Region
6.1.1 APAC Elevator Compensation Wire Rope Sales by Region (2019-2024)
6.1.2 APAC Elevator Compensation Wire Rope Revenue by Region (2019-2024)
6.2 APAC Elevator Compensation Wire Rope Sales by Type (2019-2024)
6.3 APAC Elevator Compensation Wire Rope Sales by Application (2019-2024)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Elevator Compensation Wire Rope by Country
7.1.1 Europe Elevator Compensation Wire Rope Sales by Country (2019-2024)
7.1.2 Europe Elevator Compensation Wire Rope Revenue by Country (2019-2024)
7.2 Europe Elevator Compensation Wire Rope Sales by Type (2019-2024)
7.3 Europe Elevator Compensation Wire Rope Sales by Application (2019-2024)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Elevator Compensation Wire Rope by Country
8.1.1 Middle East & Africa Elevator Compensation Wire Rope Sales by Country (2019-2024)
8.1.2 Middle East & Africa Elevator Compensation Wire Rope Revenue by Country (2019-2024)
8.2 Middle East & Africa Elevator Compensation Wire Rope Sales by Type (2019-2024)
8.3 Middle East & Africa Elevator Compensation Wire Rope Sales by Application (2019-2024)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Elevator Compensation Wire Rope
10.3 Manufacturing Process Analysis of Elevator Compensation Wire Rope
10.4 Industry Chain Structure of Elevator Compensation Wire Rope
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Elevator Compensation Wire Rope Distributors
11.3 Elevator Compensation Wire Rope Customer
12 World Forecast Review for Elevator Compensation Wire Rope by Geographic Region
12.1 Global Elevator Compensation Wire Rope Market Size Forecast by Region
12.1.1 Global Elevator Compensation Wire Rope Forecast by Region (2025-2030)
12.1.2 Global Elevator Compensation Wire Rope Annual Revenue Forecast by Region (2025-2030)
12.2 Americas Forecast by Country (2025-2030)
12.3 APAC Forecast by Region (2025-2030)
12.4 Europe Forecast by Country (2025-2030)
12.5 Middle East & Africa Forecast by Country (2025-2030)
12.6 Global Elevator Compensation Wire Rope Forecast by Type (2025-2030)
12.7 Global Elevator Compensation Wire Rope Forecast by Application (2025-2030)
13 Key Players Analysis
13.1 Gustav Wolf
13.1.1 Gustav Wolf Company Information
13.1.2 Gustav Wolf Elevator Compensation Wire Rope Product Portfolios and Specifications
13.1.3 Gustav Wolf Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.1.4 Gustav Wolf Main Business Overview
13.1.5 Gustav Wolf Latest Developments
13.2 Pfeifer Drako
13.2.1 Pfeifer Drako Company Information
13.2.2 Pfeifer Drako Elevator Compensation Wire Rope Product Portfolios and Specifications
13.2.3 Pfeifer Drako Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.2.4 Pfeifer Drako Main Business Overview
13.2.5 Pfeifer Drako Latest Developments
13.3 BRUGG Lifting AG
13.3.1 BRUGG Lifting AG Company Information
13.3.2 BRUGG Lifting AG Elevator Compensation Wire Rope Product Portfolios and Specifications
13.3.3 BRUGG Lifting AG Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.3.4 BRUGG Lifting AG Main Business Overview
13.3.5 BRUGG Lifting AG Latest Developments
13.4 Kiswire
13.4.1 Kiswire Company Information
13.4.2 Kiswire Elevator Compensation Wire Rope Product Portfolios and Specifications
13.4.3 Kiswire Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.4.4 Kiswire Main Business Overview
13.4.5 Kiswire Latest Developments
13.5 Bridon-Bekaert
13.5.1 Bridon-Bekaert Company Information
13.5.2 Bridon-Bekaert Elevator Compensation Wire Rope Product Portfolios and Specifications
13.5.3 Bridon-Bekaert Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.5.4 Bridon-Bekaert Main Business Overview
13.5.5 Bridon-Bekaert Latest Developments
13.6 Jiangsu Safety Wire Rope
13.6.1 Jiangsu Safety Wire Rope Company Information
13.6.2 Jiangsu Safety Wire Rope Elevator Compensation Wire Rope Product Portfolios and Specifications
13.6.3 Jiangsu Safety Wire Rope Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.6.4 Jiangsu Safety Wire Rope Main Business Overview
13.6.5 Jiangsu Safety Wire Rope Latest Developments
13.7 Tianjin Goldsun Wire Rope Ltd.
13.7.1 Tianjin Goldsun Wire Rope Ltd. Company Information
13.7.2 Tianjin Goldsun Wire Rope Ltd. Elevator Compensation Wire Rope Product Portfolios and Specifications
13.7.3 Tianjin Goldsun Wire Rope Ltd. Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.7.4 Tianjin Goldsun Wire Rope Ltd. Main Business Overview
13.7.5 Tianjin Goldsun Wire Rope Ltd. Latest Developments
13.8 Jiangsu Shenwang Group Wire Rope Co., Ltd
13.8.1 Jiangsu Shenwang Group Wire Rope Co., Ltd Company Information
13.8.2 Jiangsu Shenwang Group Wire Rope Co., Ltd Elevator Compensation Wire Rope Product Portfolios and Specifications
13.8.3 Jiangsu Shenwang Group Wire Rope Co., Ltd Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.8.4 Jiangsu Shenwang Group Wire Rope Co., Ltd Main Business Overview
13.8.5 Jiangsu Shenwang Group Wire Rope Co., Ltd Latest Developments
13.9 Changsha Aulone Construction
13.9.1 Changsha Aulone Construction Company Information
13.9.2 Changsha Aulone Construction Elevator Compensation Wire Rope Product Portfolios and Specifications
13.9.3 Changsha Aulone Construction Elevator Compensation Wire Rope Sales, Revenue, Price and Gross Margin (2019-2024)
13.9.4 Changsha Aulone Construction Main Business Overview
13.9.5 Changsha Aulone Construction Latest Developments
14 Research Findings and Conclusion
*If Applicable.
