The Global Elevator Cables Market is projected to reach USD 3.5 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.8% from 2023 to 2030. This significant growth is fueled by rapid urbanization, the global construction boom in high-rise buildings, stringent safety regulations mandating regular cable replacements, and the increasing modernization of existing elevator systems. As cities expand vertically, the demand for reliable, high-strength elevator cables that ensure passenger safety and operational efficiency has never been greater.

In an industry where safety and reliability are paramount, the companies manufacturing elevator cables are the unsung heroes of modern infrastructure. They provide the critical components that enable the safe and smooth vertical transportation of millions of people daily. In this blog, we profile the Top 10 Companies in the Elevator Cables Industry—a group of global specialists and material science innovators shaping the future of elevator mobility.

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🔟 1. Prysmian Group

Headquarters: Milan, Italy
Key Offering: Traction Steel Cables, Suspension Cables, Compensation Cables

Prysmian Group is a world leader in the energy and telecom cable systems industry, with a formidable presence in the elevator cables segment. Their products are engineered for maximum durability, fatigue resistance, and compliance with international safety standards, serving major elevator OEMs and maintenance providers globally.

Innovation & Sustainability Initiatives:

• Development of high-performance steel cord technology for extended cable life
• Investments in eco-friendly manufacturing processes and recyclable materials
• Global supply chain ensuring timely delivery to construction projects worldwide

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9️⃣ 2. Usha Martin Limited

Headquarters: Ranchi, Jharkhand, India
Key Offering: Wire Ropes, Elevator Cables, Steel Wire for Traction Systems

Usha Martin is one of the world’s largest and most specialized producers of steel wire ropes. Their elevator cables are renowned for their superior tensile strength and precise engineering, making them a preferred supplier for both residential and commercial elevator applications across Asia, Europe, and the Americas.

Innovation & Sustainability Initiatives:

• Advanced manufacturing plants with integrated steel-making facilities
• Focus on producing corrosion-resistant cables for harsh environments
• Commitment to reducing carbon footprint through energy-efficient operations

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8️⃣ 3. Anixter Inc. (now part of Wesco International)

Headquarters: Glenview, Illinois, USA
Key Offering: Electrical & Control Cables, Cable Management Solutions

Anixter, now integrated into Wesco International, is a leading global distributor of communication, security, and wire and cable products. They supply a comprehensive range of cables essential for elevator control systems, traveling cables, and signaling, serving a vast network of electrical contractors and integrators.

Innovation & Sustainability Initiatives:

• Extensive logistics network for rapid cable availability
• Provision of technical support and value-added services
• Focus on supplying low-smoke, zero-halogen (LSZH) cables for enhanced safety

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7️⃣ 4. Fujikura Ltd.

Headquarters: Tokyo, Japan
Key Offering: Fiber Optic Traveling Cables, High-Flexibility Control Cables

Fujikura is a Japanese multinational known for its cutting-edge technologies in electronics, telecommunications, and energy. In the elevator sector, they are a pioneer in developing advanced traveling cables that integrate power, control, and fiber optics for high-speed, smart elevators in modern skyscrapers.

Innovation & Sustainability Initiatives:

• Patented technologies for ultra-flexible, long-life traveling cables
• Integration of fiber optics for high-bandwidth data transmission in elevators
• R&D focused on lightweight and durable composite materials

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Elevator Cables Market – View in Detailed Research Report

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6️⃣ 5. RR Kabel

Headquarters: Mumbai, Maharashtra, India
Key Offering: FR-LSH (Flame Retardant – Low Smoke Halogen) Cables, Elevator Traveling Cables

RR Kabel is one of India’s fastest-growing and most trusted cable manufacturers. The company offers a specialized portfolio of elevator cables designed to meet the demanding safety standards of modern buildings, with a strong focus on fire safety and reliability.

Innovation & Sustainability Initiatives:

• Manufacturing of cables with superior flame-retardant properties
• Expansion of production capacity to meet growing domestic and international demand
• Strong emphasis on green manufacturing practices

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5️⃣ 6. Geba Cables (Brugg Cables)

Headquarters: Aadorf, Switzerland
Key Offering: High-quality Elevator Traveling Cables, Control Cables, Traction Cables

Geba Cables, a part of the Swiss-based Brugg Group, specializes in high-performance cables for demanding applications. Their elevator cables are known for exceptional mechanical strength, flexibility, and reliability, making them a top choice for European elevator manufacturers and high-end projects.

Innovation & Sustainability Initiatives:

• Expertise in custom-engineered cable solutions for specific elevator models
• Adherence to strict European quality and safety norms (EN standards)
• Use of high-purity materials to ensure long service life

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4️⃣ 7. WESCO Industries, Inc.

Headquarters: Montpelier, Ohio, USA
Key Offering: Custom-Coated Wire and Cable, Elevator Traveling Cables

WESCO Industries is a prominent US-based manufacturer specializing in custom cable solutions. They produce robust traveling cables designed to withstand the constant flexing and mechanical stress encountered in elevator operations, serving a diverse clientele across North America.

Innovation & Sustainability Initiatives:

• Specialization in custom jacketing and shielding for specific performance needs
• Focus on durability and fail-safe performance in cable design
• Responsive customer service and support for elevator maintenance companies

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3️⃣ 8. People Electric Appliance Group Co., Ltd.

Headquarters: Wenzhou, Zhejiang, China
Key Offering: TVVB, RVV Series Elevator Cables, Power and Control Cables

People Electric Appliance Group is a major Chinese cable manufacturer with a significant share in the domestic and Asian elevator cable markets. They produce a wide range of standardized and custom cables that are cost-effective and reliable for mass-market elevator installations.

Innovation & Sustainability Initiatives:

• Large-scale production capabilities for high-volume orders
• Compliance with Chinese GB standards and international certifications
• Continuous improvement in material quality and production efficiency

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2️⃣ 9. Shanghai Beienke Wire & Cable Co., Ltd.

Headquarters: Shanghai, China
Key Offering: Elevator Traction Cables, Flat Traveling Cables

Shanghai Beienke is a specialized manufacturer focused on producing high-quality wires and cables for the elevator and escalator industry. The company has built a strong reputation for product consistency and has become a key supplier to numerous elevator companies within China’s vast construction market.

Innovation & Sustainability Initiatives:

• Focus on producing highly flexible and abrasion-resistant cables
• Investment in automated production lines for consistent quality
• Strategic positioning to serve the world’s largest construction market

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1️⃣ 10. Nantong Milante Electronics Co., Ltd.

Headquarters: Nantong, Jiangsu, China
Key Offering: Specialty Elevator Cables, RVV, TVVB Cables

Nantong Milante is a growing player in the elevator cable segment, specializing in the manufacture of electronic wires and cables. They cater to the needs of elevator control systems and traveling cable applications, with a focus on competitive pricing and reliable performance for the Asian market.

Innovation & Sustainability Initiatives:

• Development of cost-effective cable solutions without compromising on core safety
• Adaptation to the specific requirements of regional elevator manufacturers
• Expansion of product portfolio to include more specialized elevator cable types

Read Full Report:
Elevator Cables Market – View in Detailed Research Report

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🏢 Outlook: The Future of Elevator Cables Is Smarter and Safer

The elevator cables market is evolving beyond its traditional role, driven by the demands of next-generation smart buildings and sustainability goals. While steel traction ropes remain the backbone of the industry, innovation is focused on enhancing longevity, integrating smart functionalities, and utilizing sustainable materials.

📈 Key Trends Shaping the Market:

• Development of smart cables with integrated sensors for predictive maintenance and real-time load monitoring.
• Increased use of high-strength, lightweight composite materials to improve energy efficiency in elevator operation.
• Stricter global safety standards pushing the adoption of fire-resistant and low-smoke cables.
• Growth in elevator modernization projects, creating a steady aftermarket for cable replacements.

Read Full Report:
Elevator Cables Market – View in Detailed Research Report

The companies listed above are not just manufacturing cables; they are providing the critical lifelines that enable safe, efficient, and intelligent vertical transportation in the skylines of the future.