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Tire Reinforcement-Global Market Insights and Sales Trends 2024
Synopsis
Reinforced tires are rigid, offer stability, better traction, greater adhesion properties, and are more resistant to mechanical damage. Besides the capability to carry the extra load, these tires have a longer life than normal tires and are not prone to internal damages. Reinforced tires have more usage in vans, trucks, estate cars, sports cars, and delivery vehicles as they can withstand higher pressure and increased load capacity.
The global Tire Reinforcement market size is expected to reach US$ 15220 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of Tire Reinforcement in various end use industries. The expanding demands from the Tire Cord Fabric and Tire Bead Wire, are propelling Tire Reinforcement market. Steel, 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 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 Reinforcement, 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 Reinforcement 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 Reinforcement market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tire Reinforcement 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 Reinforcement covered in this report include Bekaert, Kolon Industries, Toray Industries, Milliken & Company, CORDENKA and Tokusen Kogyo, etc.
The global Tire Reinforcement 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
Kolon Industries
Toray Industries
Milliken & Company
CORDENKA
Tokusen Kogyo
Global Tire Reinforcement 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 Reinforcement market, Segment by Type:
Steel
Polyester
Rayon
Nylon
Global Tire Reinforcement market, by Application
Tire Cord Fabric
Tire Bead Wire
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 Reinforcement manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tire Reinforcement 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.
Reinforced tires are rigid, offer stability, better traction, greater adhesion properties, and are more resistant to mechanical damage. Besides the capability to carry the extra load, these tires have a longer life than normal tires and are not prone to internal damages. Reinforced tires have more usage in vans, trucks, estate cars, sports cars, and delivery vehicles as they can withstand higher pressure and increased load capacity.
The global Tire Reinforcement market size is expected to reach US$ 15220 million by 2029, growing at a CAGR of 3.2% from 2023 to 2029. The market is mainly driven by the significant applications of Tire Reinforcement in various end use industries. The expanding demands from the Tire Cord Fabric and Tire Bead Wire, are propelling Tire Reinforcement market. Steel, 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 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 Reinforcement, 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 Reinforcement 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 Reinforcement market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tire Reinforcement 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 Reinforcement covered in this report include Bekaert, Kolon Industries, Toray Industries, Milliken & Company, CORDENKA and Tokusen Kogyo, etc.
The global Tire Reinforcement 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
Kolon Industries
Toray Industries
Milliken & Company
CORDENKA
Tokusen Kogyo
Global Tire Reinforcement 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 Reinforcement market, Segment by Type:
Steel
Polyester
Rayon
Nylon
Global Tire Reinforcement market, by Application
Tire Cord Fabric
Tire Bead Wire
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 Reinforcement manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tire Reinforcement 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 Reinforcement Market Overview
1.1 Tire Reinforcement Product Overview
1.2 Tire Reinforcement Market Segment by Type
1.2.1 Steel
1.2.2 Polyester
1.2.3 Rayon
1.2.4 Nylon
1.3 Global Tire Reinforcement Market Size by Type
1.3.1 Global Tire Reinforcement Market Size Overview by Type (2018-2029)
1.3.2 Global Tire Reinforcement Historic Market Size Review by Type (2018-2023)
1.3.3 Global Tire Reinforcement Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Tire Reinforcement Sales Breakdown by Type (2018-2023)
1.4.2 Europe Tire Reinforcement Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Tire Reinforcement Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Tire Reinforcement Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Tire Reinforcement Sales Breakdown by Type (2018-2023)
2 Global Tire Reinforcement Market Competition by Company
2.1 Global Top Players by Tire Reinforcement Sales (2018-2023)
2.2 Global Top Players by Tire Reinforcement Revenue (2018-2023)
2.3 Global Top Players by Tire Reinforcement Price (2018-2023)
2.4 Global Top Manufacturers Tire Reinforcement Manufacturing Base Distribution, Sales Area, Product Type
2.5 Tire Reinforcement Market Competitive Situation and Trends
2.5.1 Tire Reinforcement Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Tire Reinforcement 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 Reinforcement as of 2022)
2.7 Date of Key Manufacturers Enter into Tire Reinforcement Market
2.8 Key Manufacturers Tire Reinforcement Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Tire Reinforcement Status and Outlook by Region
3.1 Global Tire Reinforcement Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Tire Reinforcement Historic Market Size by Region
3.2.1 Global Tire Reinforcement Sales in Volume by Region (2018-2023)
3.2.2 Global Tire Reinforcement Sales in Value by Region (2018-2023)
3.2.3 Global Tire Reinforcement Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Tire Reinforcement Forecasted Market Size by Region
3.3.1 Global Tire Reinforcement Sales in Volume by Region (2024-2029)
3.3.2 Global Tire Reinforcement Sales in Value by Region (2024-2029)
3.3.3 Global Tire Reinforcement Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Tire Reinforcement by Application
4.1 Tire Reinforcement Market Segment by Application
4.1.1 Tire Cord Fabric
4.1.2 Tire Bead Wire
4.2 Global Tire Reinforcement Market Size by Application
4.2.1 Global Tire Reinforcement Market Size Overview by Application (2018-2029)
4.2.2 Global Tire Reinforcement Historic Market Size Review by Application (2018-2023)
4.2.3 Global Tire Reinforcement Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Tire Reinforcement Sales Breakdown by Application (2018-2023)
4.3.2 Europe Tire Reinforcement Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Tire Reinforcement Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Tire Reinforcement Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Tire Reinforcement Sales Breakdown by Application (2018-2023)
5 North America Tire Reinforcement by Country
5.1 North America Tire Reinforcement Historic Market Size by Country
5.1.1 North America Tire Reinforcement Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Tire Reinforcement Sales in Volume by Country (2018-2023)
5.1.3 North America Tire Reinforcement Sales in Value by Country (2018-2023)
5.2 North America Tire Reinforcement Forecasted Market Size by Country
5.2.1 North America Tire Reinforcement Sales in Volume by Country (2024-2029)
5.2.2 North America Tire Reinforcement Sales in Value by Country (2024-2029)
6 Europe Tire Reinforcement by Country
6.1 Europe Tire Reinforcement Historic Market Size by Country
6.1.1 Europe Tire Reinforcement Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Tire Reinforcement Sales in Volume by Country (2018-2023)
6.1.3 Europe Tire Reinforcement Sales in Value by Country (2018-2023)
6.2 Europe Tire Reinforcement Forecasted Market Size by Country
6.2.1 Europe Tire Reinforcement Sales in Volume by Country (2024-2029)
6.2.2 Europe Tire Reinforcement Sales in Value by Country (2024-2029)
7 Asia-Pacific Tire Reinforcement by Region
7.1 Asia-Pacific Tire Reinforcement Historic Market Size by Region
7.1.1 Asia-Pacific Tire Reinforcement Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Tire Reinforcement Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Tire Reinforcement Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Tire Reinforcement Forecasted Market Size by Region
7.2.1 Asia-Pacific Tire Reinforcement Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Tire Reinforcement Sales in Value by Region (2024-2029)
8 Latin America Tire Reinforcement by Country
8.1 Latin America Tire Reinforcement Historic Market Size by Country
8.1.1 Latin America Tire Reinforcement Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Tire Reinforcement Sales in Volume by Country (2018-2023)
8.1.3 Latin America Tire Reinforcement Sales in Value by Country (2018-2023)
8.2 Latin America Tire Reinforcement Forecasted Market Size by Country
8.2.1 Latin America Tire Reinforcement Sales in Volume by Country (2024-2029)
8.2.2 Latin America Tire Reinforcement Sales in Value by Country (2024-2029)
9 Middle East and Africa Tire Reinforcement by Country
9.1 Middle East and Africa Tire Reinforcement Historic Market Size by Country
9.1.1 Middle East and Africa Tire Reinforcement Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Tire Reinforcement Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Tire Reinforcement Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Tire Reinforcement Forecasted Market Size by Country
9.2.1 Middle East and Africa Tire Reinforcement Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Tire Reinforcement 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 Reinforcement Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bekaert Tire Reinforcement Products Offered
10.1.5 Bekaert Recent Development
10.2 Kolon Industries
10.2.1 Kolon Industries Company Information
10.2.2 Kolon Industries Introduction and Business Overview
10.2.3 Kolon Industries Tire Reinforcement Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Kolon Industries Tire Reinforcement Products Offered
10.2.5 Kolon Industries Recent Development
10.3 Toray Industries
10.3.1 Toray Industries Company Information
10.3.2 Toray Industries Introduction and Business Overview
10.3.3 Toray Industries Tire Reinforcement Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Toray Industries Tire Reinforcement Products Offered
10.3.5 Toray Industries Recent Development
10.4 Milliken & Company
10.4.1 Milliken & Company Company Information
10.4.2 Milliken & Company Introduction and Business Overview
10.4.3 Milliken & Company Tire Reinforcement Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Milliken & Company Tire Reinforcement Products Offered
10.4.5 Milliken & Company Recent Development
10.5 CORDENKA
10.5.1 CORDENKA Company Information
10.5.2 CORDENKA Introduction and Business Overview
10.5.3 CORDENKA Tire Reinforcement Sales, Revenue and Gross Margin (2018-2023)
10.5.4 CORDENKA Tire Reinforcement Products Offered
10.5.5 CORDENKA Recent Development
10.6 Tokusen Kogyo
10.6.1 Tokusen Kogyo Company Information
10.6.2 Tokusen Kogyo Introduction and Business Overview
10.6.3 Tokusen Kogyo Tire Reinforcement Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Tokusen Kogyo Tire Reinforcement Products Offered
10.6.5 Tokusen Kogyo Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Tire Reinforcement 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 Reinforcement Industrial Chain Analysis
11.4 Tire Reinforcement Market Dynamics
11.4.1 Tire Reinforcement Industry Trends
11.4.2 Tire Reinforcement Market Drivers
11.4.3 Tire Reinforcement Market Challenges
11.4.4 Tire Reinforcement Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Tire Reinforcement Distributors
12.3 Tire Reinforcement 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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