The global Steel Cord for Tire Reinforcement market size is predicted to grow from US$ 5190 million in 2025 to US$ 6498 million in 2031; it is expected to grow at a CAGR of 3.8% from 2025 to 2031.
Steel cord for tire reinforcement is a high-strength wire used in the construction of tires, particularly in the steel-belted radial tires commonly found in automobiles, trucks, and heavy machinery. It is made from thin strands of steel wire that are twisted together to form a robust and flexible cord. These steel cords provide superior strength, durability, and resistance to tension, helping to reinforce the tire鈥檚 structure and improve its performance. By enhancing the tire鈥檚 ability to withstand stress, impact, and heat, steel cords play a crucial role in extending tire lifespan, improving safety, and ensuring better traction and stability on the road. Steel cord also helps in optimizing the tire's load-bearing capacity and contributes to the overall fuel efficiency of vehicles.
麻豆原创 Drivers:
1. Growing Automotive Industry
As the global automotive industry continues to expand, particularly in emerging economies, the demand for high-performance tires is on the rise. Steel cord is an essential component in tire reinforcement, providing improved strength, durability, and safety for tires, which in turn boosts demand.
2. Increasing Demand for High-Performance Tires
High-performance tires, which require better reinforcement materials, are gaining popularity, especially for sports cars, luxury vehicles, and heavy-duty trucks. Steel cords help improve the overall performance of tires by offering superior strength, longevity, and safety, driving their demand in the tire manufacturing industry.
3. Demand for Enhanced Fuel Efficiency
The need for more fuel-efficient vehicles is propelling the demand for tires that reduce rolling resistance. Steel cords provide better structural integrity, which leads to tires that are lighter yet stronger, helping improve fuel efficiency.
4. Technological Advancements in Tire Manufacturing
Continuous advancements in tire technology, such as the development of smarter tires with improved tread designs, have increased the reliance on steel cords for reinforcement. The integration of advanced materials with steel cord reinforcement contributes to better overall tire performance.
5. Tire Safety Regulations
Stringent regulations and safety standards imposed by governments worldwide, particularly regarding tire strength and performance, drive the demand for high-quality materials like steel cord for tire reinforcement. Steel cord provides enhanced durability, which helps meet these regulatory requirements.
6. Growth in the Commercial Vehicle Sector
The commercial vehicle sector, which includes trucks, buses, and other heavy-duty vehicles, requires strong, durable tires. Steel cords are used extensively for reinforcing tires in these vehicles, where durability and load-bearing capacity are critical.
麻豆原创 Challenges:
1. Fluctuating Raw Material Prices
The prices of raw materials required to manufacture steel cords, such as steel, can be volatile due to global supply chain issues, economic conditions, and geopolitical factors. These price fluctuations can increase production costs for manufacturers, affecting the profitability of businesses in the steel cord and tire industries.
2. High Manufacturing Costs
Producing steel cord requires significant investment in specialized equipment, technology, and skilled labor. The manufacturing process itself is also energy-intensive, which can lead to high production costs. These costs may be a challenge for smaller manufacturers or those operating in regions with higher labor or energy costs.
3. Supply Chain Disruptions
The steel cord industry is heavily reliant on a well-established and stable supply chain for raw materials, manufacturing, and distribution. Disruptions, such as those caused by natural disasters, trade tensions, or pandemics, can result in delays, increased costs, or shortages of materials, affecting the timely production of steel cord for tire reinforcement.
4. Competition from Alternative Reinforcement Materials
Steel cord faces competition from alternative materials, such as synthetic materials, aramid fiber, and polyester, that are used for tire reinforcement. These alternatives often offer benefits like lighter weight, lower costs, or enhanced performance in specific applications. As manufacturers explore these alternatives, they may reduce their reliance on steel cords.
The 鈥淪teel Cord for Tire Reinforcement Industry Forecast鈥� looks at past sales and reviews total world Steel Cord for Tire Reinforcement sales in 2024, providing a comprehensive analysis by region and market sector of projected Steel Cord for Tire Reinforcement sales for 2025 through 2031. With Steel Cord for Tire Reinforcement sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Cord for Tire Reinforcement industry.
This Insight Report provides a comprehensive analysis of the global Steel Cord for Tire Reinforcement landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steel Cord for Tire Reinforcement portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Steel Cord for Tire Reinforcement market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Cord for Tire Reinforcement and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steel Cord for Tire Reinforcement.
This report presents a comprehensive overview, market shares, and growth opportunities of Steel Cord for Tire Reinforcement market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Normal Tensile (NT)
High Tensile (HT)
Super Tensile (ST)
Segmentation by Application:
Passenger Car Tires
Commercial Vehicle Tires
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Bekaert
Jiangsu Xingda Steel Cord
Hyosung
Shandong SNTON Steel Cord
Bridgestone
TESC
Tokusen
Tokyo Rope MFG
Hubei Fuxing New Material
BMZ
Junma Tyre Cord
Sumitomo Electric Industries
Sodetal
Kiswire Inc
Byelorussian Metallurgical Company
Hubei Jiatong
Sunnywell
Michelin
JESC
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steel Cord for Tire Reinforcement market?
What factors are driving Steel Cord for Tire Reinforcement market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steel Cord for Tire Reinforcement market opportunities vary by end market size?
How does Steel Cord for Tire Reinforcement break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 麻豆原创 Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 麻豆原创 Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 麻豆原创 Estimation Caveats
2 Executive Summary
2.1 World 麻豆原创 Overview
2.1.1 Global Steel Cord for Tire Reinforcement Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Steel Cord for Tire Reinforcement by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Steel Cord for Tire Reinforcement by Country/Region, 2020, 2024 & 2031
2.2 Steel Cord for Tire Reinforcement Segment by Type
2.2.1 Normal Tensile (NT)
2.2.2 High Tensile (HT)
2.2.3 Super Tensile (ST)
2.3 Steel Cord for Tire Reinforcement Sales by Type
2.3.1 Global Steel Cord for Tire Reinforcement Sales 麻豆原创 Share by Type (2020-2025)
2.3.2 Global Steel Cord for Tire Reinforcement Revenue and 麻豆原创 Share by Type (2020-2025)
2.3.3 Global Steel Cord for Tire Reinforcement Sale Price by Type (2020-2025)
2.4 Steel Cord for Tire Reinforcement Segment by Application
2.4.1 Passenger Car Tires
2.4.2 Commercial Vehicle Tires
2.5 Steel Cord for Tire Reinforcement Sales by Application
2.5.1 Global Steel Cord for Tire Reinforcement Sale 麻豆原创 Share by Application (2020-2025)
2.5.2 Global Steel Cord for Tire Reinforcement Revenue and 麻豆原创 Share by Application (2020-2025)
2.5.3 Global Steel Cord for Tire Reinforcement Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Steel Cord for Tire Reinforcement Breakdown Data by Company
3.1.1 Global Steel Cord for Tire Reinforcement Annual Sales by Company (2020-2025)
3.1.2 Global Steel Cord for Tire Reinforcement Sales 麻豆原创 Share by Company (2020-2025)
3.2 Global Steel Cord for Tire Reinforcement Annual Revenue by Company (2020-2025)
3.2.1 Global Steel Cord for Tire Reinforcement Revenue by Company (2020-2025)
3.2.2 Global Steel Cord for Tire Reinforcement Revenue 麻豆原创 Share by Company (2020-2025)
3.3 Global Steel Cord for Tire Reinforcement Sale Price by Company
3.4 Key Manufacturers Steel Cord for Tire Reinforcement Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Steel Cord for Tire Reinforcement Product Location Distribution
3.4.2 Players Steel Cord for Tire Reinforcement Products Offered
3.5 麻豆原创 Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 麻豆原创 M&A Activity & Strategy
4 World Historic Review for Steel Cord for Tire Reinforcement by Geographic Region
4.1 World Historic Steel Cord for Tire Reinforcement 麻豆原创 Size by Geographic Region (2020-2025)
4.1.1 Global Steel Cord for Tire Reinforcement Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Steel Cord for Tire Reinforcement Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Steel Cord for Tire Reinforcement 麻豆原创 Size by Country/Region (2020-2025)
4.2.1 Global Steel Cord for Tire Reinforcement Annual Sales by Country/Region (2020-2025)
4.2.2 Global Steel Cord for Tire Reinforcement Annual Revenue by Country/Region (2020-2025)
4.3 Americas Steel Cord for Tire Reinforcement Sales Growth
4.4 APAC Steel Cord for Tire Reinforcement Sales Growth
4.5 Europe Steel Cord for Tire Reinforcement Sales Growth
4.6 Middle East & Africa Steel Cord for Tire Reinforcement Sales Growth
5 Americas
5.1 Americas Steel Cord for Tire Reinforcement Sales by Country
5.1.1 Americas Steel Cord for Tire Reinforcement Sales by Country (2020-2025)
5.1.2 Americas Steel Cord for Tire Reinforcement Revenue by Country (2020-2025)
5.2 Americas Steel Cord for Tire Reinforcement Sales by Type (2020-2025)
5.3 Americas Steel Cord for Tire Reinforcement Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Steel Cord for Tire Reinforcement Sales by Region
6.1.1 APAC Steel Cord for Tire Reinforcement Sales by Region (2020-2025)
6.1.2 APAC Steel Cord for Tire Reinforcement Revenue by Region (2020-2025)
6.2 APAC Steel Cord for Tire Reinforcement Sales by Type (2020-2025)
6.3 APAC Steel Cord for Tire Reinforcement Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Steel Cord for Tire Reinforcement by Country
7.1.1 Europe Steel Cord for Tire Reinforcement Sales by Country (2020-2025)
7.1.2 Europe Steel Cord for Tire Reinforcement Revenue by Country (2020-2025)
7.2 Europe Steel Cord for Tire Reinforcement Sales by Type (2020-2025)
7.3 Europe Steel Cord for Tire Reinforcement Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Steel Cord for Tire Reinforcement by Country
8.1.1 Middle East & Africa Steel Cord for Tire Reinforcement Sales by Country (2020-2025)
8.1.2 Middle East & Africa Steel Cord for Tire Reinforcement Revenue by Country (2020-2025)
8.2 Middle East & Africa Steel Cord for Tire Reinforcement Sales by Type (2020-2025)
8.3 Middle East & Africa Steel Cord for Tire Reinforcement Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 麻豆原创 Drivers, Challenges and Trends
9.1 麻豆原创 Drivers & Growth Opportunities
9.2 麻豆原创 Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Steel Cord for Tire Reinforcement
10.3 Manufacturing Process Analysis of Steel Cord for Tire Reinforcement
10.4 Industry Chain Structure of Steel Cord for Tire Reinforcement
11 麻豆原创ing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Steel Cord for Tire Reinforcement Distributors
11.3 Steel Cord for Tire Reinforcement Customer
12 World Forecast Review for Steel Cord for Tire Reinforcement by Geographic Region
12.1 Global Steel Cord for Tire Reinforcement 麻豆原创 Size Forecast by Region
12.1.1 Global Steel Cord for Tire Reinforcement Forecast by Region (2026-2031)
12.1.2 Global Steel Cord for Tire Reinforcement Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Steel Cord for Tire Reinforcement Forecast by Type (2026-2031)
12.7 Global Steel Cord for Tire Reinforcement Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Bekaert
13.1.1 Bekaert Company Information
13.1.2 Bekaert Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.1.3 Bekaert Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Bekaert Main Business Overview
13.1.5 Bekaert Latest Developments
13.2 Jiangsu Xingda Steel Cord
13.2.1 Jiangsu Xingda Steel Cord Company Information
13.2.2 Jiangsu Xingda Steel Cord Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.2.3 Jiangsu Xingda Steel Cord Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Jiangsu Xingda Steel Cord Main Business Overview
13.2.5 Jiangsu Xingda Steel Cord Latest Developments
13.3 Hyosung
13.3.1 Hyosung Company Information
13.3.2 Hyosung Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.3.3 Hyosung Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Hyosung Main Business Overview
13.3.5 Hyosung Latest Developments
13.4 Shandong SNTON Steel Cord
13.4.1 Shandong SNTON Steel Cord Company Information
13.4.2 Shandong SNTON Steel Cord Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.4.3 Shandong SNTON Steel Cord Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Shandong SNTON Steel Cord Main Business Overview
13.4.5 Shandong SNTON Steel Cord Latest Developments
13.5 Bridgestone
13.5.1 Bridgestone Company Information
13.5.2 Bridgestone Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.5.3 Bridgestone Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 Bridgestone Main Business Overview
13.5.5 Bridgestone Latest Developments
13.6 TESC
13.6.1 TESC Company Information
13.6.2 TESC Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.6.3 TESC Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 TESC Main Business Overview
13.6.5 TESC Latest Developments
13.7 Tokusen
13.7.1 Tokusen Company Information
13.7.2 Tokusen Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.7.3 Tokusen Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 Tokusen Main Business Overview
13.7.5 Tokusen Latest Developments
13.8 Tokyo Rope MFG
13.8.1 Tokyo Rope MFG Company Information
13.8.2 Tokyo Rope MFG Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.8.3 Tokyo Rope MFG Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Tokyo Rope MFG Main Business Overview
13.8.5 Tokyo Rope MFG Latest Developments
13.9 Hubei Fuxing New Material
13.9.1 Hubei Fuxing New Material Company Information
13.9.2 Hubei Fuxing New Material Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.9.3 Hubei Fuxing New Material Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Hubei Fuxing New Material Main Business Overview
13.9.5 Hubei Fuxing New Material Latest Developments
13.10 BMZ
13.10.1 BMZ Company Information
13.10.2 BMZ Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.10.3 BMZ Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 BMZ Main Business Overview
13.10.5 BMZ Latest Developments
13.11 Junma Tyre Cord
13.11.1 Junma Tyre Cord Company Information
13.11.2 Junma Tyre Cord Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.11.3 Junma Tyre Cord Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Junma Tyre Cord Main Business Overview
13.11.5 Junma Tyre Cord Latest Developments
13.12 Sumitomo Electric Industries
13.12.1 Sumitomo Electric Industries Company Information
13.12.2 Sumitomo Electric Industries Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.12.3 Sumitomo Electric Industries Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 Sumitomo Electric Industries Main Business Overview
13.12.5 Sumitomo Electric Industries Latest Developments
13.13 Sodetal
13.13.1 Sodetal Company Information
13.13.2 Sodetal Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.13.3 Sodetal Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 Sodetal Main Business Overview
13.13.5 Sodetal Latest Developments
13.14 Kiswire Inc
13.14.1 Kiswire Inc Company Information
13.14.2 Kiswire Inc Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.14.3 Kiswire Inc Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Kiswire Inc Main Business Overview
13.14.5 Kiswire Inc Latest Developments
13.15 Byelorussian Metallurgical Company
13.15.1 Byelorussian Metallurgical Company Company Information
13.15.2 Byelorussian Metallurgical Company Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.15.3 Byelorussian Metallurgical Company Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Byelorussian Metallurgical Company Main Business Overview
13.15.5 Byelorussian Metallurgical Company Latest Developments
13.16 Hubei Jiatong
13.16.1 Hubei Jiatong Company Information
13.16.2 Hubei Jiatong Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.16.3 Hubei Jiatong Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Hubei Jiatong Main Business Overview
13.16.5 Hubei Jiatong Latest Developments
13.17 Sunnywell
13.17.1 Sunnywell Company Information
13.17.2 Sunnywell Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.17.3 Sunnywell Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Sunnywell Main Business Overview
13.17.5 Sunnywell Latest Developments
13.18 Michelin
13.18.1 Michelin Company Information
13.18.2 Michelin Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.18.3 Michelin Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Michelin Main Business Overview
13.18.5 Michelin Latest Developments
13.19 JESC
13.19.1 JESC Company Information
13.19.2 JESC Steel Cord for Tire Reinforcement Product Portfolios and Specifications
13.19.3 JESC Steel Cord for Tire Reinforcement Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 JESC Main Business Overview
13.19.5 JESC Latest Developments
14 Research Findings and Conclusion
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*If Applicable.