The Global Galvanized Steel Elevator Ropes Market was valued at USD 3.15 Billion in 2025 and is projected to reach USD 4.51 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.3% during the forecast period (2024–2034). This growth is being driven by rapid urbanization, the global construction boom in high-rise buildings, and stringent safety regulations mandating reliable lifting solutions for vertical transportation systems.

As the construction industry continues to build upwards, the demand for safe, durable, and high-performance elevator components has never been greater. Galvanized steel ropes are the lifelines of modern elevators, bearing immense loads and ensuring passenger safety with every journey. In this blog, we profile the Top 10 Companies in the Galvanized Steel Elevator Ropes Industry—a mix of established global specialists and innovative regional leaders shaping the infrastructure of our cities.

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🔟 1. PFEIFER

Headquarters: Memmingen, Germany
Key Offering: Traction and Compensating Ropes, Custom Engineered Wire Ropes

PFEIFER is a globally recognized leader in wire rope technology, with a strong focus on high-performance solutions for the elevator industry. The company’s galvanized steel elevator ropes are renowned for their exceptional quality, precision engineering, and long service life. PFEIFER serves major elevator OEMs worldwide, providing ropes that meet the most demanding safety standards for high-speed and high-rise applications.

Innovation & Quality Initiatives:

• Advanced zinc coating processes for superior corrosion resistance
• State-of-the-art production facilities ensuring consistent quality
• Strong R&D focus on enhancing fatigue life and tensile strength

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9️⃣ 2. Tokyo Rope Mfg. Co., Ltd.

Headquarters: Tokyo, Japan
Key Offering: Elevator Ropes, High-Strength Steel Wires, Specialty Cables

Tokyo Rope is a premier Japanese manufacturer with a long-standing reputation for excellence in steel wire rope production. The company’s elevator ropes are engineered for reliability and durability, benefiting from decades of metallurgical expertise. Tokyo Rope has a significant presence in the Asian market and supplies products that adhere to rigorous international quality certifications.

Innovation & Quality Initiatives:

• Development of high-tensile steel wires for lightweight, high-capacity ropes
• Commitment to ISO standards and continuous quality improvement
• Specialization in ropes for ultra-high-rise elevator systems

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8️⃣ 3. BRUGG Lifting AG

Headquarters: Brugg, Switzerland
Key Offering: Certified Lifting Ropes, Elevator Travel Cables, Crane Ropes

BRUGG Lifting AG is a Swiss precision engineering company specializing in high-quality wire ropes for critical applications. Their galvanized steel elevator ropes are known for their precision manufacturing and reliability. The company emphasizes technical support and customized solutions, catering to the specific needs of elevator manufacturers and maintenance providers across Europe and beyond.

Innovation & Quality Initiatives:

• Focus on precision and safety in accordance with European norms (EN)
• Customized rope solutions for complex elevator configurations
• Robust quality control systems from raw material to finished product

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7️⃣ 4. Bekaert

Headquarters: Zwevegem, Belgium
Key Offering: Steel Wire, Galvanized Steel Ropes, Advanced Coatings

Bekaert is a world-leading supplier of steel wire products and coatings. With a vertically integrated manufacturing process, Bekaert controls the quality of its steel wire from drawing through to the final galvanizing stage. This allows the company to produce elevator ropes with consistent mechanical properties and excellent corrosion protection, making them a trusted partner for global infrastructure projects.

Innovation & Quality Initiatives:

• Vertically integrated production for superior quality control
• Innovations in zinc coating technologies for extended rope life
• Global manufacturing footprint ensuring reliable supply

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6️⃣ 5. KISWIRE LTD

Headquarters: Pohang, South Korea
Key Offering: Steel Tire Cord, Galvanized Wire Ropes, Prestressed Concrete Steel Wire

KISWIRE LTD is one of the world’s largest manufacturers of steel wire and wire ropes. The company’s extensive production capacity and technological prowess make it a key supplier in the global elevator rope market. Kiswire’s products are known for their high strength and reliability, serving elevator OEMs and the aftermarket with a comprehensive portfolio of standardized and custom ropes.

Innovation & Quality Initiatives:

• Large-scale production capabilities for cost-effective solutions
• Continuous investment in advanced wire drawing and stranding technology
• Strong focus on the Asian and North American markets

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5️⃣ 6. Usha Martin

Headquarters: Ranchi, India
Key Offering: Specialized Wire Ropes, Elevator Ropes, Steel Making

Usha Martin is a prominent integrated manufacturer from India, with a significant global presence in the wire rope industry. The company produces a wide range of galvanized steel ropes, including those specifically engineered for elevator applications. Benefiting from in-house steel production, Usha Martin ensures tight control over raw material quality, resulting in durable and dependable products for the construction sector.

Innovation & Quality Initiatives:

• Integrated manufacturing from steel making to rope stranding
• Focus on serving the booming construction market in India and the Middle East
• Commitment to sustainable manufacturing practices

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4️⃣ 7. Jiangsu Safety Wire Rope Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: Galvanized Wire Ropes, Stainless Steel Wire Ropes, Electric Wire Ropes

Jiangsu Safety Wire Rope is a major Chinese manufacturer with a strong focus on the domestic and international elevator markets. The company leverages China’s industrial capacity to produce a wide array of wire ropes that meet international safety standards. Its competitive pricing and growing technical capabilities make it an increasingly important player in the global supply chain.

Innovation & Quality Initiatives:

• Cost-competitive manufacturing catering to large-volume projects
• Expanding product range to include higher-specification ropes
• Growing export business to Southeast Asia and Africa

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Galvanized Steel Elevator Ropes Market – View in Detailed Research Report

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3️⃣ 8. Gustav Wolf GmbH

Headquarters: Reichenbach, Germany
Key Offering: High-Performance Wire Ropes, Specialty Steel Cables, Custom Solutions

Gustav Wolf GmbH is a German specialist known for its high-quality wire ropes and technical expertise. The company excels in producing ropes for demanding applications, including high-speed elevators. With a focus on precision and customer-specific solutions, Gustav Wolf serves a niche market that values superior performance and technical support.

Innovation & Quality Initiatives:

• Specialization in high-end, customized rope solutions
• Expertise in ropes for sophisticated elevator and lifting systems
• Strong reputation for quality within the European engineering sector

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2️⃣ 9. Bharat Wire Ropes

Headquarters: Mumbai, India
Key Offering: Galvanized Steel Wire Ropes, Slings, Railway Springs

Bharat Wire Ropes is a key Indian player with a long history in the wire rope industry. The company manufactures galvanized steel ropes suitable for various elevator types, focusing on the price-sensitive markets of South Asia and the Middle East. Its understanding of regional requirements and robust distribution network makes it a significant contributor to the region’s infrastructure growth.

Innovation & Quality Initiatives:

• Strong distribution network across India and neighboring countries
• Products tailored for the specific demands of regional climates and usage patterns
• Focus on value engineering to balance cost and performance

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1️⃣ 10. Santini Funi Srl

Headquarters: Villa di Serio, Italy
Key Offering: Steel Wire Ropes for Lifting, Elevator Ropes, Aerial Ropeways

Santini Funi is an Italian manufacturer with a strong tradition of producing high-quality wire ropes. The company combines artisanal craftsmanship with modern technology to create reliable products for the elevator industry. Santini Funi is particularly known for its attention to detail and the quality of its zinc coatings, ensuring long-term performance in elevator applications.

Innovation & Quality Initiatives:

• Blend of traditional craftsmanship and modern manufacturing techniques
• Focus on producing ropes with excellent fatigue resistance
• Strong presence in the European renovation and modernization market

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Galvanized Steel Elevator Ropes Market – View in Detailed Research Report

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🌍 Outlook: The Future of Elevator Ropes Is Smarter and More Durable

The galvanized steel elevator ropes market is evolving to meet the demands of taller buildings and smarter cities. While traditional galvanized ropes continue to be the workhorse of the industry, innovation is focused on enhancing longevity, integrating smart technologies, and improving sustainability.

📈 Key Trends Shaping the Market:

• Development of ropes with enhanced zinc coatings for extreme environments
• Integration of IoT sensors for predictive maintenance and real-time load monitoring
• Growing demand for high-strength, lighter-weight ropes for ultra-high-rise buildings
• Increased emphasis on recyclable materials and sustainable manufacturing processes

Get Full Report Here:
Galvanized Steel Elevator Ropes Market – View in Detailed Research Report

The companies listed above are not only supplying essential components for vertical transportation—they are engineering the safety and reliability that modern urban life depends on.

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