Elevator Wire Rope Sales

Elevator Wire Rope Sales Market Outlook

The global Elevator Wire Rope market is anticipated to reach a valuation of approximately USD 2.5 billion by 2033, registering a robust compound annual growth rate (CAGR) of around 7.5% during the forecast period from 2025 to 2033. This growth trajectory is primarily driven by increasing urbanization and the rapid expansion of infrastructure projects globally. The ongoing rise in high-rise building constructions in metropolitan areas necessitates the need for efficient elevator systems, thereby propelling demand for high-quality wire ropes. Additionally, technological advancements in materials used for wire ropes are further enhancing their performance and longevity, contributing to market growth. The rising focus on the safety and reliability of elevator systems also plays a crucial role in driving the demand for quality elevator wire ropes. As economies recover and investments in infrastructure accelerate post-pandemic, the market is positioned for significant growth.

Growth Factor of the Market

Several growth factors are bolstering the Elevator Wire Rope market, among which the growing demand for advanced elevator systems in urban infrastructure stands out. Urbanization is spurring the construction of high-rise buildings, which significantly increases the need for elevators equipped with robust wire ropes that ensure safe and efficient transportation of individuals and goods. Furthermore, governmental regulations emphasizing safety and quality in lifting equipment are propelling manufacturers to innovate and provide superior wire rope solutions. Technological advancements, such as the development of high-strength materials and advanced manufacturing techniques, are also positively influencing the market, leading to enhanced durability and performance of elevator wire ropes. The rising emphasis on vertical transportation in commercial and residential projects is another critical driver, as developers seek to provide high-quality amenities to attract occupants. Additionally, the growing trend of renovation and modernization of existing buildings further supports the demand for elevator upgrade solutions, including superior wire ropes.

Key Highlights of the Market

• The global Elevator Wire Rope market is projected to reach USD 2.5 billion by 2033.
• Key drivers include urbanization and increasing demand for high-rise buildings.
• Technological advancements are enhancing product performance and safety.
• Regulatory frameworks are pushing for higher standards in elevator safety.
• Growing renovation projects are fueling demand for upgraded elevator systems.

By Product Type

Carbon Steel Wire Rope:

Carbon Steel Wire Rope is extensively utilized in elevator systems due to its excellent tensile strength and durability. This type of wire rope is preferred for its cost-effectiveness and ability to withstand heavy loads, making it suitable for both residential and commercial elevators. The manufacturing process for carbon steel wire ropes involves rigorous quality checks to ensure they meet safety standards. The growing construction of high-rise buildings coupled with the need for reliable lifting equipment propels the demand for carbon steel wire ropes. Additionally, advancements in coating technologies are further enhancing the corrosion resistance of these ropes, thereby increasing their lifespan. As a result, carbon steel wire rope maintains a significant presence in the market, catering to various applications effectively.

Stainless Steel Wire Rope:

Stainless Steel Wire Rope is renowned for its high corrosion resistance and aesthetic appeal, making it ideal for elevators installed in environments where moisture is prevalent. This type of wire rope is commonly used in elevators that require high reliability and longevity. The smooth surface finish of stainless steel wire ropes also prevents wear and tear, thus ensuring enhanced safety. Their applications span across residential, commercial, and even industrial buildings, where they are vital for maintaining operational efficiency. As urban infrastructure evolves, the demand for stainless steel wire ropes is increasingly supported by stringent safety regulations that favor materials with impressive longevity and minimal maintenance requirements. Consequently, this segment is expected to witness substantial growth, particularly in high-end residential and commercial projects.

Galvanized Steel Wire Rope:

Galvanized Steel Wire Rope is characterized by its protective zinc coating, which provides superior resistance to corrosion and environmental wear. This type of wire rope is widely used in various elevator applications, where exposure to outdoor elements or high humidity is a concern. The cost-effectiveness and durability of galvanized steel wire ropes make them a popular choice among manufacturers and contractors. With a growing emphasis on cost efficiency without compromising safety, more projects are opting for galvanized steel wire rope solutions. The segment is also supported by ongoing innovations in galvanization techniques that improve the durability and performance of these ropes, thus enabling them to operate effectively in diverse settings.

Coated Steel Wire Rope:

Coated Steel Wire Rope is gaining traction due to its enhanced performance characteristics, including increased resistance against abrasion and environmental elements. The coating material, typically plastic or rubber, significantly extends the lifespan of the wire rope, making it an appealing option for modern elevator systems. Its applications are vast, ranging from high-speed elevators in commercial buildings to heavy-duty lifts in industrial facilities. The demand for coated steel wire ropes is driven by the growing trend of safety and aesthetics in elevator design. As manufacturers strive to meet the specific needs of clients, coated wire ropes are being developed in various colors and textures, thus allowing for customization based on architectural requirements. This segment is projected to see robust growth as more projects prioritize both functionality and style in their elevator systems.

High Strength Steel Wire Rope:

High Strength Steel Wire Rope is specifically engineered to support heavy loads while maintaining a lightweight structure. This makes it ideal for use in high-capacity elevators that serve towering buildings or industrial applications. The superior mechanical properties of high strength steel wire ropes enable them to operate efficiently in demanding conditions, thus reducing the risk of failure. The rising trend of constructing skyscrapers and large commercial complexes is significantly fueling the demand for high strength steel wire ropes. Moreover, advancements in manufacturing processes are resulting in even stronger and more reliable wire ropes, which are critical for safety in vertical transportation systems. As a result, the high strength steel wire rope segment is expected to maintain a strong growth trajectory in the coming years.

By Application

Residential Buildings:

The use of elevator wire ropes in residential buildings is growing considerably as urbanization accelerates and high-rise apartments become increasingly prevalent. In modern residential constructions, elevators are seen as essential amenities, enhancing accessibility and convenience for residents. The demand for quality elevator wire ropes is driven by the need for safety, efficiency, and reliability in these systems. As developers focus on creating luxurious living spaces, the importance of high-performance wire ropes that can withstand everyday wear and tear becomes paramount. Furthermore, with increasing investments in smart home technologies, the integration of advanced elevator systems will further bolster the need for high-quality elevator wire ropes tailored for residential applications.

Commercial Buildings:

In commercial buildings, elevators play a critical role in ensuring smooth and efficient vertical transportation, thus significantly impacting the building's functionality. The demand for elevator wire ropes in this segment is driven by the continuous construction of office towers, shopping malls, and hotels, where high-capacity elevator systems are required. The focus on safety and regulatory compliance in commercial infrastructures also enhances the demand for superior wire rope solutions that meet stringent performance standards. Moreover, the rise of intelligent elevator systems that incorporate advanced technology for enhanced efficiency and user experience is further propelling the growth of elevator wire rope applications in commercial settings. This segment is expected to experience sustained growth due to ongoing urban development and modernization efforts worldwide.

Industrial Buildings:

Elevators in industrial buildings demand robust and highly durable wire ropes capable of supporting heavy loads and frequent usage. The industrial sector, which includes manufacturing, warehousing, and logistics, increasingly relies on advanced elevator systems to improve operational efficiency and safety. The demand for elevator wire ropes in this segment is influenced by the requirement for specialized lifting solutions designed to handle the unique challenges posed by industrial environments. As industries expand and modernize, there is a growing need for reliable vertical transportation systems that can match the demands of high-capacity operations, thereby driving the growth of elevator wire ropes designed specifically for industrial applications.

Others:

Beyond residential, commercial, and industrial applications, the elevator wire rope market serves a variety of niche sectors including hospitals, educational institutions, and infrastructures with specialized needs. These applications often require customized solutions that cater to specific operational demands, such as medical elevators in hospitals that require specialized safety features. The growth in this segment is supported by increasing investments in public infrastructure and social amenities, where safety and efficiency are paramount. As more sectors recognize the importance of vertical transportation in improving service delivery and user experience, the demand for tailored elevator wire rope solutions is likely to expand, thus contributing significantly to overall market growth.

By Distribution Channel

Direct Sales:

Direct sales have emerged as a significant distribution channel for elevator wire rope manufacturers, allowing them to establish a direct relationship with clients and control the entire sales process. This channel is particularly effective for catering to large-scale projects where customized solutions are necessary. By selling directly to contractors and builders, manufacturers can ensure that their products meet specific project requirements, thus enhancing customer satisfaction. Furthermore, direct sales facilitate immediate feedback from customers, enabling manufacturers to continuously improve their offerings. As the market expands and the demand for specialized elevator systems grows, the direct sales channel is expected to play a vital role in reaching customers effectively.

Distributor Sales:

Distributor sales are critical to the elevator wire rope market, as they provide manufacturers with access to a broader customer base through established networks. Distributors often have extensive knowledge of regional markets and can effectively promote a variety of products to different segments. This channel is particularly advantageous for manufacturers aiming to penetrate new markets or regions where they do not have a direct presence. Distributors can also provide additional services such as inventory management and technical support, which can enhance customer experience. As the elevator market continues to grow and diversify, the role of distributors in facilitating sales and supporting customers will remain essential.

By Material Type

Polypropylene:

Polypropylene is a versatile material that is often used in the manufacturing of elevator wire ropes due to its lightweight and durable properties. The inherent resistance of polypropylene to moisture and chemicals makes it suitable for various environments, including those with high humidity or potential exposure to corrosive agents. This material is particularly advantageous in applications where weight reduction is critical, as it can help to enhance the overall efficiency of elevator systems. Additionally, polypropylene wire ropes are known for their flexibility, which aids in installation and operation. The increasing demand for environmentally friendly materials is also driving interest in polypropylene, as it can be designed for sustainability without compromising performance.

Nylon:

Nylon is recognized for its exceptional strength and durability, making it an excellent choice for elevator wire ropes. Its superior abrasion resistance and flexibility contribute significantly to the performance and longevity of wire ropes in demanding applications. The use of nylon can help reduce friction, thereby enhancing the efficiency of elevator systems and extending the lifespan of the ropes. Nylon wire ropes are particularly favored in scenarios requiring high tensile strength and resilience, including in commercial and industrial elevator applications. As industries place a higher value on reliability and performance, the demand for nylon wire ropes in elevator systems is expected to increase, supported by ongoing advancements in material technology.

Polyester:

Polyester is widely used in the manufacturing of elevator wire ropes due to its excellent mechanical properties, including high tensile strength and resistance to environmental factors such as UV rays and moisture. These characteristics make polyester wire ropes particularly useful in outdoor applications or settings where weather exposure is a concern. The lightweight nature of polyester also aids in easy handling and installation, further enhancing its appeal for various elevator applications. As safety standards and performance expectations grow, the use of polyester materials in wire ropes is likely to become more prevalent, bolstering the overall market growth.

Polyethylene:

Polyethylene is valued in the elevator wire rope market for its lightweight and durable qualities, making it suitable for a range of applications. Its resistance to moisture and chemical exposure provides added protection against wear and tear, contributing to the longevity of the wire ropes. The adaptability of polyethylene allows it to be engineered for specific applications, enhancing its utility in elevator systems. The increasing emphasis on lightweight materials in modern construction is driving the demand for polyethylene wire ropes, which can improve the overall efficiency of elevator operations. As technology advances, the formulation of polyethylene materials will continue to evolve, further enhancing its performance in elevator systems.

Polyolefin:

Polyolefin is becoming increasingly popular in the manufacturing of elevator wire ropes due to its inherent resistance to environmental degradation and low moisture absorption. This material offers a balance of strength and flexibility, making it ideal for various elevator applications. Its lightweight properties also contribute to ease of handling and installation, which is particularly beneficial in large construction projects. The versatility of polyolefin allows it to be utilized in combination with other materials to enhance performance characteristics. As manufacturers strive to meet the evolving needs of the elevator market, polyolefin is expected to play a significant role, especially in applications requiring durable and reliable wire rope solutions.

By Region

The North American elevator wire rope market is projected to witness robust growth, driven by the increasing investments in infrastructure and the expansion of commercial and residential buildings. With a market size estimated at approximately USD 500 million in 2023, North America is positioned as a key player in the global arena. The growing trend towards high-rise buildings in urban areas of the United States and Canada is a significant contributor to this growth. Additionally, the presence of leading manufacturers and stringent safety regulations in the region are expected to further bolster the demand for high-quality elevator wire ropes. The anticipated CAGR for the North American segment is projected to be around 6.5% from 2025 to 2033.

In Europe, the elevator wire rope market is expected to reflect steady growth, supported by the ongoing modernization of aging infrastructure and the rising focus on energy-efficient building solutions. The European market, valued at approximately USD 600 million in 2023, benefits from a strong emphasis on safety and sustainability in construction practices. High-density urban environments and a growing population are driving the demand for vertical transportation solutions, including elevators. The European region is also witnessing an increase in renovation activities, further contributing to the demand for elevator wire ropes. With an expected CAGR of 7% during the forecast period, the European market is poised for substantial growth.

Opportunities

The Elevator Wire Rope market presents numerous opportunities, particularly with the rising trend of smart and automated buildings. As more architects and developers aim to incorporate advanced technology into building designs, the need for specialized elevator systems equipped with high-performance wire ropes is increasing. These smart systems not only enhance user experience but also optimize energy consumption, thereby aligning with sustainability goals. Consequently, wire rope manufacturers have the opportunity to innovate and develop products that cater to the demand for intelligent elevator systems, which will likely drive market growth over the coming years. With a focus on safety, performance, and efficiency, manufacturers that invest in research and development are well-positioned to capture significant market shares.

Additionally, the ongoing push towards green building initiatives is creating further opportunities in the Elevator Wire Rope market. As governments and regulatory bodies implement stricter standards for energy efficiency and sustainable materials, elevator systems must evolve to comply with these regulations. Manufacturers who prioritize the development of eco-friendly wire ropes will find a growing customer base interested in sustainable solutions. By investing in environmentally friendly materials and production processes, companies can not only differentiate themselves in a competitive landscape but also contribute positively to environmental conservation. As the market continues to evolve, the embrace of sustainability will serve as a unique selling point for many manufacturers, driving future growth.

Threats

Despite the positive outlook for the Elevator Wire Rope market, several threats could hinder its growth trajectory. One major concern is the volatility in raw material prices, which can significantly impact production costs and, consequently, pricing strategies. Fluctuations in the prices of steel and other materials used in wire rope manufacturing can lead to unpredictable market conditions, making it challenging for manufacturers to maintain stable profit margins. Additionally, intense competition within the industry can pressure companies to lower prices, potentially compromising product quality. To mitigate these threats, manufacturers must adopt strategic sourcing practices and explore alternative materials that can offer cost savings without sacrificing performance.

Furthermore, the Elevator Wire Rope market faces the challenge of regulatory compliance and safety standards, which are constantly evolving. Manufacturers must stay abreast of new regulations and ensure that their products meet safety requirements, failing which could result in legal repercussions and damage to brand reputation. The introduction of more stringent regulations could impose additional costs for compliance, impacting overall profitability. Companies that are unable to adapt to these changes risk losing market share to more agile competitors. Thus, staying compliant with industry standards while maintaining operational efficiency will remain a critical challenge for players in the Elevator Wire Rope market.

Competitor Outlook

• Wire Rope Industries
• Kone Corporation
• OTIS Elevator Company
• Thyssenkrupp AG
• Schindler Group
• Fujitec Co., Ltd.
• Mitsubishi Electric Corporation
• Hitachi, Ltd.
• Columbus McKinnon Corporation
• Alimak Group
• Elevator Products, Inc.
• Paragon Industries, Inc.
• Ingersoll Rand Inc.
• Tractel
• Jiangyin Hengtong Wire Rope Co., Ltd.

The competitive landscape of the Elevator Wire Rope market is characterized by the presence of numerous established players and emerging companies vying for market share. Leading companies such as Kone Corporation, OTIS Elevator Company, and Thyssenkrupp AG are recognized for their extensive product portfolios and innovative technologies that enhance elevator performance and safety. These key players focus on investing in research and development to create advanced wire rope solutions that cater to the evolving needs of the market. Additionally, many of these companies adopt strategic partnerships and collaborations to expand their reach and enhance their offerings, further intensifying competition in the sector.

Another significant trend in the competitive landscape is the emphasis on sustainability and eco-friendly practices. Companies are increasingly prioritizing the development of energy-efficient elevator systems and environmentally friendly materials for wire rope manufacturing. For instance, Fujitec Co., Ltd. and Mitsubishi Electric Corporation are actively pursuing sustainable practices in their operations to align with global trends towards environmental conservation. This shift not only helps companies comply with growing regulatory standards but also provides a competitive edge in attracting environmentally conscious customers.

As the Elevator Wire Rope market continues to evolve, companies must remain agile and responsive to market dynamics. Investing in technology, innovation, and customer-centric solutions will be essential for maintaining competitive advantages. The ability to adapt to changing consumer preferences and regulatory mandates will play a pivotal role in determining the success of companies in the elevator industry. The ongoing digitization of manufacturing processes and the rise of smart building technologies will also shape the competitive landscape, prompting companies to explore new business models and revenue streams to stay ahead in the market.

• 1 Appendix

  • 1.1 List of Tables
  • 1.2 List of Figures

• 2 Introduction

  • 2.1 Market Definition
  • 2.2 Scope of the Report
  • 2.3 Study Assumptions
  • 2.4 Base Currency & Forecast Periods

• 3 Market Dynamics

  • 3.1 Market Growth Factors
  • 3.2 Economic & Global Events
  • 3.3 Innovation Trends
  • 3.4 Supply Chain Analysis

• 4 Consumer Behavior

  • 4.1 Market Trends
  • 4.2 Pricing Analysis
  • 4.3 Buyer Insights

• 5 Key Player Profiles

  • 5.1 Tractel
    • 5.1.1 Business Overview
    • 5.1.2 Products & Services
    • 5.1.3 Financials
    • 5.1.4 Recent Developments
    • 5.1.5 SWOT Analysis
  • 5.2 Alimak Group
    • 5.2.1 Business Overview
    • 5.2.2 Products & Services
    • 5.2.3 Financials
    • 5.2.4 Recent Developments
    • 5.2.5 SWOT Analysis
  • 5.3 Hitachi, Ltd.
    • 5.3.1 Business Overview
    • 5.3.2 Products & Services
    • 5.3.3 Financials
    • 5.3.4 Recent Developments
    • 5.3.5 SWOT Analysis
  • 5.4 Schindler Group
    • 5.4.1 Business Overview
    • 5.4.2 Products & Services
    • 5.4.3 Financials
    • 5.4.4 Recent Developments
    • 5.4.5 SWOT Analysis
  • 5.5 Thyssenkrupp AG
    • 5.5.1 Business Overview
    • 5.5.2 Products & Services
    • 5.5.3 Financials
    • 5.5.4 Recent Developments
    • 5.5.5 SWOT Analysis
  • 5.6 Kone Corporation
    • 5.6.1 Business Overview
    • 5.6.2 Products & Services
    • 5.6.3 Financials
    • 5.6.4 Recent Developments
    • 5.6.5 SWOT Analysis
  • 5.7 Fujitec Co., Ltd.
    • 5.7.1 Business Overview
    • 5.7.2 Products & Services
    • 5.7.3 Financials
    • 5.7.4 Recent Developments
    • 5.7.5 SWOT Analysis
  • 5.8 Ingersoll Rand Inc.
    • 5.8.1 Business Overview
    • 5.8.2 Products & Services
    • 5.8.3 Financials
    • 5.8.4 Recent Developments
    • 5.8.5 SWOT Analysis
  • 5.9 Wire Rope Industries
    • 5.9.1 Business Overview
    • 5.9.2 Products & Services
    • 5.9.3 Financials
    • 5.9.4 Recent Developments
    • 5.9.5 SWOT Analysis
  • 5.10 OTIS Elevator Company
    • 5.10.1 Business Overview
    • 5.10.2 Products & Services
    • 5.10.3 Financials
    • 5.10.4 Recent Developments
    • 5.10.5 SWOT Analysis
  • 5.11 Elevator Products, Inc.
    • 5.11.1 Business Overview
    • 5.11.2 Products & Services
    • 5.11.3 Financials
    • 5.11.4 Recent Developments
    • 5.11.5 SWOT Analysis
  • 5.12 Paragon Industries, Inc.
    • 5.12.1 Business Overview
    • 5.12.2 Products & Services
    • 5.12.3 Financials
    • 5.12.4 Recent Developments
    • 5.12.5 SWOT Analysis
  • 5.13 Columbus McKinnon Corporation
    • 5.13.1 Business Overview
    • 5.13.2 Products & Services
    • 5.13.3 Financials
    • 5.13.4 Recent Developments
    • 5.13.5 SWOT Analysis
  • 5.14 Mitsubishi Electric Corporation
    • 5.14.1 Business Overview
    • 5.14.2 Products & Services
    • 5.14.3 Financials
    • 5.14.4 Recent Developments
    • 5.14.5 SWOT Analysis
  • 5.15 Jiangyin Hengtong Wire Rope Co., Ltd.
    • 5.15.1 Business Overview
    • 5.15.2 Products & Services
    • 5.15.3 Financials
    • 5.15.4 Recent Developments
    • 5.15.5 SWOT Analysis

• 6 Market Segmentation

  • 6.1 Elevator Wire Rope Sales Market, By Application
    • 6.1.1 Residential Buildings
    • 6.1.2 Commercial Buildings
    • 6.1.3 Industrial Buildings
    • 6.1.4 Others
  • 6.2 Elevator Wire Rope Sales Market, By Product Type
    • 6.2.1 Carbon Steel Wire Rope
    • 6.2.2 Stainless Steel Wire Rope
    • 6.2.3 Galvanized Steel Wire Rope
    • 6.2.4 Coated Steel Wire Rope
    • 6.2.5 High Strength Steel Wire Rope
  • 6.3 Elevator Wire Rope Sales Market, By Material Type
    • 6.3.1 Polypropylene
    • 6.3.2 Nylon
    • 6.3.3 Polyester
    • 6.3.4 Polyethylene
    • 6.3.5 Polyolefin
  • 6.4 Elevator Wire Rope Sales Market, By Distribution Channel
    • 6.4.1 Direct Sales
    • 6.4.2 Distributor Sales

• 7 Competitive Analysis

  • 7.1 Key Player Comparison
  • 7.2 Market Share Analysis
  • 7.3 Investment Trends
  • 7.4 SWOT Analysis

• 8 Research Methodology

  • 8.1 Analysis Design
  • 8.2 Research Phases
  • 8.3 Study Timeline

• 9 Future Market Outlook

  • 9.1 Growth Forecast
  • 9.2 Market Evolution

• 10 Geographical Overview

  • 10.1 Europe - Market Analysis
    • 10.1.1 By Country
      • 10.1.1.1 UK
      • 10.1.1.2 France
      • 10.1.1.3 Germany
      • 10.1.1.4 Spain
      • 10.1.1.5 Italy
  • 10.2 Asia Pacific - Market Analysis
    • 10.2.1 By Country
      • 10.2.1.1 India
      • 10.2.1.2 China
      • 10.2.1.3 Japan
      • 10.2.1.4 South Korea
  • 10.3 Latin America - Market Analysis
    • 10.3.1 By Country
      • 10.3.1.1 Brazil
      • 10.3.1.2 Argentina
      • 10.3.1.3 Mexico
  • 10.4 North America - Market Analysis
    • 10.4.1 By Country
      • 10.4.1.1 USA
      • 10.4.1.2 Canada
  • 10.5 Middle East & Africa - Market Analysis
    • 10.5.1 By Country
      • 10.5.1.1 Middle East
      • 10.5.1.2 Africa
  • 10.6 Elevator Wire Rope Sales Market by Region

• 11 Global Economic Factors

  • 11.1 Inflation Impact
  • 11.2 Trade Policies

• 12 Technology & Innovation

  • 12.1 Emerging Technologies
  • 12.2 AI & Digital Trends
  • 12.3 Patent Research

• 13 Investment & Market Growth

  • 13.1 Funding Trends
  • 13.2 Future Market Projections

• 14 Market Overview & Key Insights

  • 14.1 Executive Summary
  • 14.2 Key Trends
  • 14.3 Market Challenges
  • 14.4 Regulatory Landscape

Segments Analyzed in the Report

The global Elevator Wire Rope Sales market is categorized based on

By Product Type

• Carbon Steel Wire Rope
• Stainless Steel Wire Rope
• Galvanized Steel Wire Rope
• Coated Steel Wire Rope
• High Strength Steel Wire Rope

By Application

• Residential Buildings
• Commercial Buildings
• Industrial Buildings
• Others

By Distribution Channel

• Direct Sales
• Distributor Sales

By Material Type

• Polypropylene
• Nylon
• Polyester
• Polyethylene
• Polyolefin

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

Key Players

• Wire Rope Industries
• Kone Corporation
• OTIS Elevator Company
• Thyssenkrupp AG
• Schindler Group
• Fujitec Co., Ltd.
• Mitsubishi Electric Corporation
• Hitachi, Ltd.
• Columbus McKinnon Corporation
• Alimak Group
• Elevator Products, Inc.
• Paragon Industries, Inc.
• Ingersoll Rand Inc.
• Tractel
• Jiangyin Hengtong Wire Rope Co., Ltd.