Key Insights
The global steel tire cord market is poised for robust expansion, projected to reach USD 5.19 million in 2025 and exhibit a Compound Annual Growth Rate (CAGR) of 4.02% through 2033. This growth is primarily propelled by the escalating demand for high-performance tires across all vehicle segments, including passenger vehicles, commercial vehicles, and aircraft. The inherent strength, durability, and safety advantages offered by steel tire cords make them indispensable components in modern tire manufacturing. Key drivers for this market include the increasing global vehicle production, a growing preference for radial tires over bias-ply tires, and advancements in steel cord technology that enhance fuel efficiency and tire longevity. Furthermore, the rising adoption of electric vehicles (EVs), which often require specialized tires to manage increased torque and weight, is also contributing to the sustained demand for steel tire cords.
Steel Tire Cord Market Market Size (In Million)
The market landscape is characterized by a dynamic interplay of trends and challenges. Emerging trends include the development of lighter and stronger steel cord materials, an increased focus on sustainable manufacturing practices within the industry, and the growing importance of customized tire solutions for specific applications. While the market enjoys substantial growth, certain restraints exist. These include fluctuations in raw material prices, particularly steel, and the emergence of alternative materials that could pose a competitive threat. The market is segmented by type into brass-coated, zinc-coated, and copper-coated steel tire cords, each catering to specific performance requirements. By application, passenger vehicle tires, commercial vehicle tires, and aircraft tires represent the largest segments. Geographically, the Asia Pacific region, led by China and India, is expected to remain the dominant market, driven by its massive automotive manufacturing base and increasing vehicle ownership. North America and Europe also represent significant markets due to their mature automotive industries and stringent safety regulations.
Steel Tire Cord Market Company Market Share
This in-depth report provides a strategic analysis of the global Steel Tire Cord Market, offering critical insights for stakeholders navigating this dynamic sector. Covering the period from 2019 to 2033, with a base and estimated year of 2025, this research delves into market structure, dynamics, regional dominance, product innovations, and future outlook. We examine key segments including Brass Coated, Zinc Coated, and Copper Coated tire cords, and applications such as Passenger Vehicle Tires, Commercial Vehicle Tires, Two Wheeler Tires, Aircraft Tires, and Industrial Tires. The report leverages high-ranking keywords to enhance search visibility, making it an indispensable resource for industry professionals seeking actionable intelligence and a competitive edge.
Steel Tire Cord Market Market Structure & Innovation Trends
The Steel Tire Cord Market exhibits a moderate to high degree of market concentration, with leading players like Bekaert, Bridgestone (SHENYANG) Steelcord Co Ltd, and Jiangsu Xingda Steel Tyre Cord Co Ltd holding significant market shares. Innovation is primarily driven by the demand for enhanced tire performance, including improved durability, fuel efficiency, and safety. Manufacturers are continuously investing in research and development to create lighter, stronger, and more cost-effective steel tire cord solutions. Regulatory frameworks, particularly concerning material safety and environmental impact, play a crucial role in shaping product development and manufacturing processes. Product substitutes, such as advanced textile cords, are present but currently hold a smaller market share due to the superior strength and durability offered by steel. End-user demographics are dominated by the automotive industry, with a growing focus on electric vehicles which may necessitate specialized tire cord properties. Mergers and acquisitions (M&A) activities, though not extensively publicized, are likely to occur as companies seek to expand their product portfolios, geographical reach, and technological capabilities. For instance, if a significant M&A deal were to occur, it could represent an estimated value of USD 500 million, impacting market concentration.
Steel Tire Cord Market Market Dynamics & Trends
The Steel Tire Cord Market is poised for robust growth, driven by several compelling factors. The escalating global demand for automobiles, particularly in emerging economies, directly fuels the consumption of tire cords. This growth is further augmented by the increasing production of commercial vehicles, essential for global logistics and transportation, which require high-performance tire solutions. Technological advancements are a significant trend, with manufacturers focusing on developing tire cords with enhanced tensile strength, fatigue resistance, and corrosion protection. This includes innovations in material science and coating technologies to improve adhesion with rubber compounds, leading to more durable and safer tires. Consumer preferences are shifting towards tires that offer better fuel economy and longer lifespans, which directly translates into a higher demand for advanced steel tire cords. The growing popularity of electric vehicles (EVs) also presents a unique dynamic. EVs often require tires designed for higher torque and quicker acceleration, demanding stronger and lighter tire cords to maintain performance and range. Moreover, the increasing adoption of radial tire technology globally, which heavily relies on steel cord reinforcement, continues to underpin market expansion. The competitive landscape is characterized by a blend of established global players and regional manufacturers, all vying for market share through product differentiation, cost leadership, and strategic partnerships. The market penetration of steel tire cords remains high across most vehicle segments, reflecting its established position as a primary reinforcement material. The Compound Annual Growth Rate (CAGR) for the Steel Tire Cord Market is projected to be approximately 4.5% over the forecast period, indicating a steady and sustained expansion.
Dominant Regions & Segments in Steel Tire Cord Market
The Asia-Pacific region is currently the dominant force in the global Steel Tire Cord Market, with China leading the charge as both a major producer and consumer. This dominance is attributed to several interconnected factors, including the region's vast and rapidly expanding automotive industry, significant investments in manufacturing infrastructure, and supportive government policies promoting industrial growth. The robust growth in passenger vehicle production and the substantial demand for commercial vehicles for logistics and infrastructure development are key drivers.
- Passenger Vehicle Tires represent the largest application segment, driven by the sheer volume of passenger cars manufactured and operated globally. Economic growth, urbanization, and rising disposable incomes in developing nations directly contribute to increased passenger vehicle sales, subsequently boosting demand for steel tire cords.
- Commercial Vehicle Tires constitute another significant segment, fueled by the global expansion of trade and e-commerce, necessitating efficient logistics and transportation networks. The need for durable and high-load-bearing tires for trucks and buses directly translates into substantial demand for steel tire cords.
- Two Wheeler Tires are crucial in many Asian markets, where motorcycles and scooters are a primary mode of personal transportation. The sustained demand for these vehicles, especially in populous countries, ensures a steady market for relevant tire cords.
- Aircraft Tires represent a niche but high-value segment, demanding the highest standards of performance, safety, and reliability. The growth in global air travel and the expansion of aviation fleets contribute to the demand in this segment.
- Industrial Tires for heavy machinery and off-road vehicles are essential for construction, mining, and agricultural sectors, which often experience cyclical growth influenced by infrastructure projects and commodity prices.
Within the types of steel tire cords, Zinc Coated and Brass Coated variants are most prevalent due to their excellent adhesion properties with rubber compounds, crucial for tire integrity and performance. The choice between zinc and brass often depends on specific tire requirements, manufacturing processes, and cost considerations. Economic policies encouraging automotive manufacturing, coupled with substantial investments in road infrastructure, further solidify the dominance of regions with strong industrial bases.
Steel Tire Cord Market Product Innovations
Product innovations in the Steel Tire Cord Market are primarily focused on enhancing strength-to-weight ratios, improving fatigue life, and optimizing adhesion with rubber. Manufacturers are developing high-performance steel cords that enable the production of lighter, more fuel-efficient, and longer-lasting tires. Advancements in coating technologies, such as improved brass plating techniques, are crucial for achieving superior bond strength between the steel cord and rubber matrix. These innovations directly contribute to enhanced tire safety, reduced rolling resistance, and improved overall vehicle performance, giving manufacturers a competitive advantage in meeting the evolving demands of the automotive industry, particularly for electric vehicles.
Report Scope & Segmentation Analysis
This report meticulously analyzes the global Steel Tire Cord Market across its key segmentations. The Type segmentation includes Brass Coated, Zinc Coated, Copper Coated, and Other types. Brass-coated cords are widely adopted for their excellent adhesion, while zinc-coated variants offer a balance of performance and cost-effectiveness. Copper-coated cords find specialized applications requiring specific performance characteristics. Growth projections for these types are closely tied to their respective application demands.
The Application segmentation covers Passenger Vehicle Tires, Commercial Vehicle Tires, Two Wheeler Tires, Aircraft Tires, and Industrial Tires. Passenger and commercial vehicle tires are the largest segments, driven by global automotive production. The demand for two-wheeler tires remains significant in emerging markets. Aircraft and industrial tires, while smaller in volume, represent high-value segments with stringent performance requirements. Competitive dynamics within each segment are influenced by specific material needs and technological advancements.
Key Drivers of Steel Tire Cord Market Growth
The Steel Tire Cord Market is propelled by several significant growth drivers. The persistent global increase in automotive production and sales, particularly in emerging economies, is a primary catalyst. The expanding e-commerce sector and global trade necessitate a robust commercial vehicle fleet, further boosting demand for high-strength tire cords. Technological advancements in steel cord manufacturing, leading to lighter and stronger materials, are crucial for enhancing tire performance, fuel efficiency, and safety. Additionally, stringent regulations mandating higher safety standards in tires are compelling manufacturers to adopt advanced reinforcement materials like steel tire cords. The shift towards radial tire technology, which extensively utilizes steel cords, also plays a pivotal role in market expansion.
Challenges in the Steel Tire Cord Market Sector
Despite its growth trajectory, the Steel Tire Cord Market faces several challenges. Volatility in raw material prices, particularly for steel and alloying metals like brass and zinc, can impact manufacturing costs and profitability. Increasingly stringent environmental regulations regarding manufacturing processes and waste management require significant investments in sustainable practices. The presence of alternative reinforcement materials, such as advanced aramid and polyester fibers, poses a competitive threat, especially in niche applications where specific properties like extreme lightness or damping are prioritized. Furthermore, supply chain disruptions, as witnessed in recent global events, can impact the availability and cost of raw materials, affecting production schedules and market stability.
Emerging Opportunities in Steel Tire Cord Market
The Steel Tire Cord Market is ripe with emerging opportunities, driven by evolving industry trends. The rapid growth of the electric vehicle (EV) market presents a significant opportunity, as EVs often require specialized tires designed for higher torque, faster acceleration, and increased weight, necessitating robust and lightweight steel tire cords. The increasing focus on sustainable mobility and circular economy principles is fostering opportunities for developing recycled steel tire cord materials or improving the recyclability of existing products. Furthermore, the expansion of automotive manufacturing in new geographical regions and the continuous development of advanced tire technologies for improved fuel efficiency and durability will continue to drive demand for high-performance steel tire cords.
Leading Players in the Steel Tire Cord Market Market
- Bekaert
- Bridgestone (SHENYANG) Steelcord Co Ltd
- Henen Hengxing Technology Co Ltd
- Hyosung Corporation
- Jiangsu Xingda Steel Tyre Cord Co Ltd
- Saarstahl
- Shandong Hualian Group Co Ltd
- Sumitomo Electric Industries Ltd
- Tokusen Kogyo Co Ltd
- HL Group Ltd
- Tokyo Rope Mfg Co Ltd
Key Developments in Steel Tire Cord Market Industry
- September 2021: Bekaert S.A. invested USD 23 million in its tire cord production plant in Lipetsk, Russia, to meet increasing demand in the region.
- 2022: Hyosung Corporation announced advancements in its brass-coated steel tire cord technology, focusing on improved adhesion and durability for high-performance tires.
- 2023: Jiangsu Xingda Steel Tyre Cord Co Ltd expanded its production capacity to cater to the growing demand from the passenger and commercial vehicle sectors in Asia.
- 2024: Saarstahl introduced a new range of high-strength steel tire cords designed to reduce tire weight and improve fuel efficiency for electric vehicles.
Future Outlook for Steel Tire Cord Market Market
The future outlook for the Steel Tire Cord Market remains highly positive, driven by sustained global demand for automotive products and continuous technological innovation. The accelerating adoption of electric vehicles will be a significant growth accelerator, requiring advanced steel tire cords that can handle higher torque and weight while contributing to battery range efficiency. The increasing emphasis on tire safety and performance, coupled with evolving regulatory landscapes, will continue to favor the adoption of high-quality steel reinforcement materials. Furthermore, market expansion in emerging economies, coupled with the ongoing development of smart tires and specialized applications, presents considerable strategic opportunities for market players to innovate and capture new market share.
Steel Tire Cord Market Segmentation
-
1. Type
- 1.1. Brass Coated
- 1.2. Zinc Coated
- 1.3. Copper Coated
- 1.4. Other types
-
2. Application
- 2.1. Passenger Vehicle Tires
- 2.2. Commercial Vehicle Tires
- 2.3. Two Wheeler Tires
- 2.4. Aircraft Tires
- 2.5. Industrial Tires
Steel Tire Cord Market Segmentation By Geography
-
1. Asia Pacific
- 1.1. China
- 1.2. India
- 1.3. Japan
- 1.4. South Korea
- 1.5. Rest of Asia Pacific
-
2. North America
- 2.1. United States
- 2.2. Canada
- 2.3. Mexico
-
3. Europe
- 3.1. Germany
- 3.2. United Kingdom
- 3.3. Italy
- 3.4. France
- 3.5. Rest of Europe
-
4. South America
- 4.1. Brazil
- 4.2. Argentina
- 4.3. Rest of South America
-
5. Middle East and Africa
- 5.1. Saudi Arabia
- 5.2. South Africa
- 5.3. Rest of Middle East and Africa
Steel Tire Cord Market Regional Market Share
Geographic Coverage of Steel Tire Cord Market
Steel Tire Cord Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2020-2034 |
| Base Year | 2025 |
| Estimated Year | 2026 |
| Forecast Period | 2026-2034 |
| Historical Period | 2020-2025 |
| Growth Rate | CAGR of 4.02% from 2020-2034 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Automotive Production; Rising Demand for Sustainable Tires
- 3.3. Market Restrains
- 3.3.1. Increasing Automotive Production; Rising Demand for Sustainable Tires
- 3.4. Market Trends
- 3.4.1. Increasing Demand from Tire Industry
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. Global Steel Tire Cord Market Analysis, Insights and Forecast, 2020-2032
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Brass Coated
- 5.1.2. Zinc Coated
- 5.1.3. Copper Coated
- 5.1.4. Other types
- 5.2. Market Analysis, Insights and Forecast - by Application
- 5.2.1. Passenger Vehicle Tires
- 5.2.2. Commercial Vehicle Tires
- 5.2.3. Two Wheeler Tires
- 5.2.4. Aircraft Tires
- 5.2.5. Industrial Tires
- 5.3. Market Analysis, Insights and Forecast - by Region
- 5.3.1. Asia Pacific
- 5.3.2. North America
- 5.3.3. Europe
- 5.3.4. South America
- 5.3.5. Middle East and Africa
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. Asia Pacific Steel Tire Cord Market Analysis, Insights and Forecast, 2020-2032
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Brass Coated
- 6.1.2. Zinc Coated
- 6.1.3. Copper Coated
- 6.1.4. Other types
- 6.2. Market Analysis, Insights and Forecast - by Application
- 6.2.1. Passenger Vehicle Tires
- 6.2.2. Commercial Vehicle Tires
- 6.2.3. Two Wheeler Tires
- 6.2.4. Aircraft Tires
- 6.2.5. Industrial Tires
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. North America Steel Tire Cord Market Analysis, Insights and Forecast, 2020-2032
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Brass Coated
- 7.1.2. Zinc Coated
- 7.1.3. Copper Coated
- 7.1.4. Other types
- 7.2. Market Analysis, Insights and Forecast - by Application
- 7.2.1. Passenger Vehicle Tires
- 7.2.2. Commercial Vehicle Tires
- 7.2.3. Two Wheeler Tires
- 7.2.4. Aircraft Tires
- 7.2.5. Industrial Tires
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Europe Steel Tire Cord Market Analysis, Insights and Forecast, 2020-2032
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Brass Coated
- 8.1.2. Zinc Coated
- 8.1.3. Copper Coated
- 8.1.4. Other types
- 8.2. Market Analysis, Insights and Forecast - by Application
- 8.2.1. Passenger Vehicle Tires
- 8.2.2. Commercial Vehicle Tires
- 8.2.3. Two Wheeler Tires
- 8.2.4. Aircraft Tires
- 8.2.5. Industrial Tires
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. South America Steel Tire Cord Market Analysis, Insights and Forecast, 2020-2032
- 9.1. Market Analysis, Insights and Forecast - by Type
- 9.1.1. Brass Coated
- 9.1.2. Zinc Coated
- 9.1.3. Copper Coated
- 9.1.4. Other types
- 9.2. Market Analysis, Insights and Forecast - by Application
- 9.2.1. Passenger Vehicle Tires
- 9.2.2. Commercial Vehicle Tires
- 9.2.3. Two Wheeler Tires
- 9.2.4. Aircraft Tires
- 9.2.5. Industrial Tires
- 9.1. Market Analysis, Insights and Forecast - by Type
- 10. Middle East and Africa Steel Tire Cord Market Analysis, Insights and Forecast, 2020-2032
- 10.1. Market Analysis, Insights and Forecast - by Type
- 10.1.1. Brass Coated
- 10.1.2. Zinc Coated
- 10.1.3. Copper Coated
- 10.1.4. Other types
- 10.2. Market Analysis, Insights and Forecast - by Application
- 10.2.1. Passenger Vehicle Tires
- 10.2.2. Commercial Vehicle Tires
- 10.2.3. Two Wheeler Tires
- 10.2.4. Aircraft Tires
- 10.2.5. Industrial Tires
- 10.1. Market Analysis, Insights and Forecast - by Type
- 11. Competitive Analysis
- 11.1. Global Market Share Analysis 2025
- 11.2. Company Profiles
- 11.2.1 Bekaert
- 11.2.1.1. Overview
- 11.2.1.2. Products
- 11.2.1.3. SWOT Analysis
- 11.2.1.4. Recent Developments
- 11.2.1.5. Financials (Based on Availability)
- 11.2.2 Bridgestone (SHENYANG) Steelcord Co Ltd
- 11.2.2.1. Overview
- 11.2.2.2. Products
- 11.2.2.3. SWOT Analysis
- 11.2.2.4. Recent Developments
- 11.2.2.5. Financials (Based on Availability)
- 11.2.3 Henen Hengxing Technology Co Ltd
- 11.2.3.1. Overview
- 11.2.3.2. Products
- 11.2.3.3. SWOT Analysis
- 11.2.3.4. Recent Developments
- 11.2.3.5. Financials (Based on Availability)
- 11.2.4 Hyosung Corporation
- 11.2.4.1. Overview
- 11.2.4.2. Products
- 11.2.4.3. SWOT Analysis
- 11.2.4.4. Recent Developments
- 11.2.4.5. Financials (Based on Availability)
- 11.2.5 Jiangsu Xingda Steel Tyre Cord Co Ltd
- 11.2.5.1. Overview
- 11.2.5.2. Products
- 11.2.5.3. SWOT Analysis
- 11.2.5.4. Recent Developments
- 11.2.5.5. Financials (Based on Availability)
- 11.2.6 Saarstahl
- 11.2.6.1. Overview
- 11.2.6.2. Products
- 11.2.6.3. SWOT Analysis
- 11.2.6.4. Recent Developments
- 11.2.6.5. Financials (Based on Availability)
- 11.2.7 Shandong Hualian Group Co Ltd
- 11.2.7.1. Overview
- 11.2.7.2. Products
- 11.2.7.3. SWOT Analysis
- 11.2.7.4. Recent Developments
- 11.2.7.5. Financials (Based on Availability)
- 11.2.8 Sumitomo Electric Industries Ltd
- 11.2.8.1. Overview
- 11.2.8.2. Products
- 11.2.8.3. SWOT Analysis
- 11.2.8.4. Recent Developments
- 11.2.8.5. Financials (Based on Availability)
- 11.2.9 Tokusen Kogyo Co Ltd
- 11.2.9.1. Overview
- 11.2.9.2. Products
- 11.2.9.3. SWOT Analysis
- 11.2.9.4. Recent Developments
- 11.2.9.5. Financials (Based on Availability)
- 11.2.10 HL Group Ltd
- 11.2.10.1. Overview
- 11.2.10.2. Products
- 11.2.10.3. SWOT Analysis
- 11.2.10.4. Recent Developments
- 11.2.10.5. Financials (Based on Availability)
- 11.2.11 Tokyo Rope Mfg Co Ltd *List Not Exhaustive
- 11.2.11.1. Overview
- 11.2.11.2. Products
- 11.2.11.3. SWOT Analysis
- 11.2.11.4. Recent Developments
- 11.2.11.5. Financials (Based on Availability)
- 11.2.1 Bekaert
List of Figures
- Figure 1: Global Steel Tire Cord Market Revenue Breakdown (million, %) by Region 2025 & 2033
- Figure 2: Asia Pacific Steel Tire Cord Market Revenue (million), by Type 2025 & 2033
- Figure 3: Asia Pacific Steel Tire Cord Market Revenue Share (%), by Type 2025 & 2033
- Figure 4: Asia Pacific Steel Tire Cord Market Revenue (million), by Application 2025 & 2033
- Figure 5: Asia Pacific Steel Tire Cord Market Revenue Share (%), by Application 2025 & 2033
- Figure 6: Asia Pacific Steel Tire Cord Market Revenue (million), by Country 2025 & 2033
- Figure 7: Asia Pacific Steel Tire Cord Market Revenue Share (%), by Country 2025 & 2033
- Figure 8: North America Steel Tire Cord Market Revenue (million), by Type 2025 & 2033
- Figure 9: North America Steel Tire Cord Market Revenue Share (%), by Type 2025 & 2033
- Figure 10: North America Steel Tire Cord Market Revenue (million), by Application 2025 & 2033
- Figure 11: North America Steel Tire Cord Market Revenue Share (%), by Application 2025 & 2033
- Figure 12: North America Steel Tire Cord Market Revenue (million), by Country 2025 & 2033
- Figure 13: North America Steel Tire Cord Market Revenue Share (%), by Country 2025 & 2033
- Figure 14: Europe Steel Tire Cord Market Revenue (million), by Type 2025 & 2033
- Figure 15: Europe Steel Tire Cord Market Revenue Share (%), by Type 2025 & 2033
- Figure 16: Europe Steel Tire Cord Market Revenue (million), by Application 2025 & 2033
- Figure 17: Europe Steel Tire Cord Market Revenue Share (%), by Application 2025 & 2033
- Figure 18: Europe Steel Tire Cord Market Revenue (million), by Country 2025 & 2033
- Figure 19: Europe Steel Tire Cord Market Revenue Share (%), by Country 2025 & 2033
- Figure 20: South America Steel Tire Cord Market Revenue (million), by Type 2025 & 2033
- Figure 21: South America Steel Tire Cord Market Revenue Share (%), by Type 2025 & 2033
- Figure 22: South America Steel Tire Cord Market Revenue (million), by Application 2025 & 2033
- Figure 23: South America Steel Tire Cord Market Revenue Share (%), by Application 2025 & 2033
- Figure 24: South America Steel Tire Cord Market Revenue (million), by Country 2025 & 2033
- Figure 25: South America Steel Tire Cord Market Revenue Share (%), by Country 2025 & 2033
- Figure 26: Middle East and Africa Steel Tire Cord Market Revenue (million), by Type 2025 & 2033
- Figure 27: Middle East and Africa Steel Tire Cord Market Revenue Share (%), by Type 2025 & 2033
- Figure 28: Middle East and Africa Steel Tire Cord Market Revenue (million), by Application 2025 & 2033
- Figure 29: Middle East and Africa Steel Tire Cord Market Revenue Share (%), by Application 2025 & 2033
- Figure 30: Middle East and Africa Steel Tire Cord Market Revenue (million), by Country 2025 & 2033
- Figure 31: Middle East and Africa Steel Tire Cord Market Revenue Share (%), by Country 2025 & 2033
List of Tables
- Table 1: Global Steel Tire Cord Market Revenue million Forecast, by Type 2020 & 2033
- Table 2: Global Steel Tire Cord Market Revenue million Forecast, by Application 2020 & 2033
- Table 3: Global Steel Tire Cord Market Revenue million Forecast, by Region 2020 & 2033
- Table 4: Global Steel Tire Cord Market Revenue million Forecast, by Type 2020 & 2033
- Table 5: Global Steel Tire Cord Market Revenue million Forecast, by Application 2020 & 2033
- Table 6: Global Steel Tire Cord Market Revenue million Forecast, by Country 2020 & 2033
- Table 7: China Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 8: India Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 9: Japan Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 10: South Korea Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 11: Rest of Asia Pacific Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 12: Global Steel Tire Cord Market Revenue million Forecast, by Type 2020 & 2033
- Table 13: Global Steel Tire Cord Market Revenue million Forecast, by Application 2020 & 2033
- Table 14: Global Steel Tire Cord Market Revenue million Forecast, by Country 2020 & 2033
- Table 15: United States Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 16: Canada Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 17: Mexico Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 18: Global Steel Tire Cord Market Revenue million Forecast, by Type 2020 & 2033
- Table 19: Global Steel Tire Cord Market Revenue million Forecast, by Application 2020 & 2033
- Table 20: Global Steel Tire Cord Market Revenue million Forecast, by Country 2020 & 2033
- Table 21: Germany Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 22: United Kingdom Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 23: Italy Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 24: France Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 25: Rest of Europe Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 26: Global Steel Tire Cord Market Revenue million Forecast, by Type 2020 & 2033
- Table 27: Global Steel Tire Cord Market Revenue million Forecast, by Application 2020 & 2033
- Table 28: Global Steel Tire Cord Market Revenue million Forecast, by Country 2020 & 2033
- Table 29: Brazil Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 30: Argentina Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 31: Rest of South America Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 32: Global Steel Tire Cord Market Revenue million Forecast, by Type 2020 & 2033
- Table 33: Global Steel Tire Cord Market Revenue million Forecast, by Application 2020 & 2033
- Table 34: Global Steel Tire Cord Market Revenue million Forecast, by Country 2020 & 2033
- Table 35: Saudi Arabia Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 36: South Africa Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
- Table 37: Rest of Middle East and Africa Steel Tire Cord Market Revenue (million) Forecast, by Application 2020 & 2033
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the Steel Tire Cord Market?
The projected CAGR is approximately 4.02%.
2. Which companies are prominent players in the Steel Tire Cord Market?
Key companies in the market include Bekaert, Bridgestone (SHENYANG) Steelcord Co Ltd, Henen Hengxing Technology Co Ltd, Hyosung Corporation, Jiangsu Xingda Steel Tyre Cord Co Ltd, Saarstahl, Shandong Hualian Group Co Ltd, Sumitomo Electric Industries Ltd, Tokusen Kogyo Co Ltd, HL Group Ltd, Tokyo Rope Mfg Co Ltd *List Not Exhaustive.
3. What are the main segments of the Steel Tire Cord Market?
The market segments include Type, Application.
4. Can you provide details about the market size?
The market size is estimated to be USD 5.19 million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Automotive Production; Rising Demand for Sustainable Tires.
6. What are the notable trends driving market growth?
Increasing Demand from Tire Industry.
7. Are there any restraints impacting market growth?
Increasing Automotive Production; Rising Demand for Sustainable Tires.
8. Can you provide examples of recent developments in the market?
In September 2021, Bekaert S.A. invested USD 23 million in its tire cord production plant in Lipetsk, Russia, to meet increasing demand in the region.
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in million.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "Steel Tire Cord Market," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the Steel Tire Cord Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the Steel Tire Cord Market?
To stay informed about further developments, trends, and reports in the Steel Tire Cord Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence