Elevator Ropes Market Size, Share, Trends, Dynamics, Forecast, & Growth Analysis: 2022-2027
The elevator ropes market is estimated to grow at a steady CAGR of 5.0% during 2022-2027 to reach a value of USD 706 million in 2027. Elevator ropes are crucial components in elevator systems, responsible for lifting and supporting the cabin's movement within a shaft. Typically made from high-strength steel wires, these ropes provide durability, flexibility, and resistance to wear and fatigue. They are designed to withstand heavy loads while ensuring smooth and efficient vertical transportation.