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Tire Cord-Global Market Insights and Sales Trends 2024
Synopsis
The cord fabric is made of strong yarn, medium and fine single yarn, and the frame fabric of the tyre.
The global Tire Cord market size is expected to reach US$ 3985 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of Tire Cord in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Tire Cord market. Steel Tire Cord, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Polyester Tire Cord segment is estimated at % CAGR for the next seven-year period.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Tire Cord, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Tire Cord market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Tire Cord market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tire Cord sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Tire Cord covered in this report include Bekaert, Century Enka, CORDENKA, FORMOSA TAFFETA, Hyosung, Indorama Ventures Public, Kolon Industries, SRF and Teijin, etc.
The global Tire Cord market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bekaert
Century Enka
CORDENKA
FORMOSA TAFFETA
Hyosung
Indorama Ventures Public
Kolon Industries
SRF
Teijin
Xingda International
Global Tire Cord market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Tire Cord market, Segment by Type:
Steel Tire Cord
Polyester Tire Cord
Nylon Tire Cord
Global Tire Cord market, by Application
Passenger Car
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Tire Cord manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tire Cord in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
The cord fabric is made of strong yarn, medium and fine single yarn, and the frame fabric of the tyre.
The global Tire Cord market size is expected to reach US$ 3985 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of Tire Cord in various end use industries. The expanding demands from the Passenger Car and Commercial Vehicle, are propelling Tire Cord market. Steel Tire Cord, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the Polyester Tire Cord segment is estimated at % CAGR for the next seven-year period.
In 2022, global tire sales reached 1.749 billion units, of which the three major markets of Europe, North America and China will collectively sell 1.14 billion units, accounting for 65% of the total. China is the world's largest tire producer and exporter. Among the top 75 tire companies in 2022 released by Tire Business, 34 are Chinese companies (including 5 from Taiwan), with a total sale of approximately US$ 34.5 billion, accounting for approximately 19.42% of the total global sales. According to data from the National Bureau of Statistics, by the end of December 2022, the output of rubber tire casings in China was about 856 million. According to the data of the General Administration of Customs, in 2022, the cumulative export volume of rubber tires in China was 7.65 million tons, a year-on-year increase of 4.7%; the export value was ¥131.418 billion, an increase of 16%; the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Tire Cord, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Tire Cord market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Tire Cord market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tire Cord sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Tire Cord covered in this report include Bekaert, Century Enka, CORDENKA, FORMOSA TAFFETA, Hyosung, Indorama Ventures Public, Kolon Industries, SRF and Teijin, etc.
The global Tire Cord market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Bekaert
Century Enka
CORDENKA
FORMOSA TAFFETA
Hyosung
Indorama Ventures Public
Kolon Industries
SRF
Teijin
Xingda International
Global Tire Cord market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Tire Cord market, Segment by Type:
Steel Tire Cord
Polyester Tire Cord
Nylon Tire Cord
Global Tire Cord market, by Application
Passenger Car
Commercial Vehicle
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Tire Cord manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tire Cord in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Tire Cord Market Overview
1.1 Tire Cord Product Overview
1.2 Tire Cord Market Segment by Type
1.2.1 Steel Tire Cord
1.2.2 Polyester Tire Cord
1.2.3 Nylon Tire Cord
1.3 Global Tire Cord Market Size by Type
1.3.1 Global Tire Cord Market Size Overview by Type (2018-2029)
1.3.2 Global Tire Cord Historic Market Size Review by Type (2018-2023)
1.3.3 Global Tire Cord Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Tire Cord Sales Breakdown by Type (2018-2023)
1.4.2 Europe Tire Cord Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Tire Cord Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Tire Cord Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Tire Cord Sales Breakdown by Type (2018-2023)
2 Global Tire Cord Market Competition by Company
2.1 Global Top Players by Tire Cord Sales (2018-2023)
2.2 Global Top Players by Tire Cord Revenue (2018-2023)
2.3 Global Top Players by Tire Cord Price (2018-2023)
2.4 Global Top Manufacturers Tire Cord Manufacturing Base Distribution, Sales Area, Product Type
2.5 Tire Cord Market Competitive Situation and Trends
2.5.1 Tire Cord Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Tire Cord Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Tire Cord as of 2022)
2.7 Date of Key Manufacturers Enter into Tire Cord Market
2.8 Key Manufacturers Tire Cord Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Tire Cord Status and Outlook by Region
3.1 Global Tire Cord Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Tire Cord Historic Market Size by Region
3.2.1 Global Tire Cord Sales in Volume by Region (2018-2023)
3.2.2 Global Tire Cord Sales in Value by Region (2018-2023)
3.2.3 Global Tire Cord Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Tire Cord Forecasted Market Size by Region
3.3.1 Global Tire Cord Sales in Volume by Region (2024-2029)
3.3.2 Global Tire Cord Sales in Value by Region (2024-2029)
3.3.3 Global Tire Cord Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Tire Cord by Application
4.1 Tire Cord Market Segment by Application
4.1.1 Passenger Car
4.1.2 Commercial Vehicle
4.2 Global Tire Cord Market Size by Application
4.2.1 Global Tire Cord Market Size Overview by Application (2018-2029)
4.2.2 Global Tire Cord Historic Market Size Review by Application (2018-2023)
4.2.3 Global Tire Cord Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Tire Cord Sales Breakdown by Application (2018-2023)
4.3.2 Europe Tire Cord Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Tire Cord Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Tire Cord Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Tire Cord Sales Breakdown by Application (2018-2023)
5 North America Tire Cord by Country
5.1 North America Tire Cord Historic Market Size by Country
5.1.1 North America Tire Cord Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Tire Cord Sales in Volume by Country (2018-2023)
5.1.3 North America Tire Cord Sales in Value by Country (2018-2023)
5.2 North America Tire Cord Forecasted Market Size by Country
5.2.1 North America Tire Cord Sales in Volume by Country (2024-2029)
5.2.2 North America Tire Cord Sales in Value by Country (2024-2029)
6 Europe Tire Cord by Country
6.1 Europe Tire Cord Historic Market Size by Country
6.1.1 Europe Tire Cord Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Tire Cord Sales in Volume by Country (2018-2023)
6.1.3 Europe Tire Cord Sales in Value by Country (2018-2023)
6.2 Europe Tire Cord Forecasted Market Size by Country
6.2.1 Europe Tire Cord Sales in Volume by Country (2024-2029)
6.2.2 Europe Tire Cord Sales in Value by Country (2024-2029)
7 Asia-Pacific Tire Cord by Region
7.1 Asia-Pacific Tire Cord Historic Market Size by Region
7.1.1 Asia-Pacific Tire Cord Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Tire Cord Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Tire Cord Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Tire Cord Forecasted Market Size by Region
7.2.1 Asia-Pacific Tire Cord Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Tire Cord Sales in Value by Region (2024-2029)
8 Latin America Tire Cord by Country
8.1 Latin America Tire Cord Historic Market Size by Country
8.1.1 Latin America Tire Cord Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Tire Cord Sales in Volume by Country (2018-2023)
8.1.3 Latin America Tire Cord Sales in Value by Country (2018-2023)
8.2 Latin America Tire Cord Forecasted Market Size by Country
8.2.1 Latin America Tire Cord Sales in Volume by Country (2024-2029)
8.2.2 Latin America Tire Cord Sales in Value by Country (2024-2029)
9 Middle East and Africa Tire Cord by Country
9.1 Middle East and Africa Tire Cord Historic Market Size by Country
9.1.1 Middle East and Africa Tire Cord Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Tire Cord Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Tire Cord Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Tire Cord Forecasted Market Size by Country
9.2.1 Middle East and Africa Tire Cord Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Tire Cord Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bekaert
10.1.1 Bekaert Company Information
10.1.2 Bekaert Introduction and Business Overview
10.1.3 Bekaert Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bekaert Tire Cord Products Offered
10.1.5 Bekaert Recent Development
10.2 Century Enka
10.2.1 Century Enka Company Information
10.2.2 Century Enka Introduction and Business Overview
10.2.3 Century Enka Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Century Enka Tire Cord Products Offered
10.2.5 Century Enka Recent Development
10.3 CORDENKA
10.3.1 CORDENKA Company Information
10.3.2 CORDENKA Introduction and Business Overview
10.3.3 CORDENKA Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.3.4 CORDENKA Tire Cord Products Offered
10.3.5 CORDENKA Recent Development
10.4 FORMOSA TAFFETA
10.4.1 FORMOSA TAFFETA Company Information
10.4.2 FORMOSA TAFFETA Introduction and Business Overview
10.4.3 FORMOSA TAFFETA Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.4.4 FORMOSA TAFFETA Tire Cord Products Offered
10.4.5 FORMOSA TAFFETA Recent Development
10.5 Hyosung
10.5.1 Hyosung Company Information
10.5.2 Hyosung Introduction and Business Overview
10.5.3 Hyosung Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Hyosung Tire Cord Products Offered
10.5.5 Hyosung Recent Development
10.6 Indorama Ventures Public
10.6.1 Indorama Ventures Public Company Information
10.6.2 Indorama Ventures Public Introduction and Business Overview
10.6.3 Indorama Ventures Public Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Indorama Ventures Public Tire Cord Products Offered
10.6.5 Indorama Ventures Public Recent Development
10.7 Kolon Industries
10.7.1 Kolon Industries Company Information
10.7.2 Kolon Industries Introduction and Business Overview
10.7.3 Kolon Industries Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Kolon Industries Tire Cord Products Offered
10.7.5 Kolon Industries Recent Development
10.8 SRF
10.8.1 SRF Company Information
10.8.2 SRF Introduction and Business Overview
10.8.3 SRF Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.8.4 SRF Tire Cord Products Offered
10.8.5 SRF Recent Development
10.9 Teijin
10.9.1 Teijin Company Information
10.9.2 Teijin Introduction and Business Overview
10.9.3 Teijin Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Teijin Tire Cord Products Offered
10.9.5 Teijin Recent Development
10.10 Xingda International
10.10.1 Xingda International Company Information
10.10.2 Xingda International Introduction and Business Overview
10.10.3 Xingda International Tire Cord Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Xingda International Tire Cord Products Offered
10.10.5 Xingda International Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Tire Cord Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Tire Cord Industrial Chain Analysis
11.4 Tire Cord Market Dynamics
11.4.1 Tire Cord Industry Trends
11.4.2 Tire Cord Market Drivers
11.4.3 Tire Cord Market Challenges
11.4.4 Tire Cord Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Tire Cord Distributors
12.3 Tire Cord Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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