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Tire Reinforcing Material-Global Market Insights and Sales Trends 2025
Synopsis
Tire Reinforcing Material is the material used to reinforce the tires. The major materials are textile cords and steel cords
The global Tire Reinforcing Material market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Tire Reinforcing Material in various end use industries. The expanding demands from the Passenger Cars, Commercial Vehicles and Others,, are propelling Tire Reinforcing Material 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 Nylon 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 Reinforcing Material, 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 Reinforcing Material 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 Reinforcing Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tire Reinforcing Material 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 Reinforcing Material covered in this report include Bekaert, Jiangsu Xingda Steel Cord, Kiswire, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen and Tokyo Rope MFG, etc.
The global Tire Reinforcing Material 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
Jiangsu Xingda Steel Cord
Kiswire
Hyosung
Shandong SNTON Steel Cord
Bridgestone
Shougang Century
Tokusen
Tokyo Rope MFG
Hubei Fuxing New Material
BMZ
Henan Hengxing
Junma Tyre Cord
Sumitomo Electric Industries
Global Tire Reinforcing Material 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 Reinforcing Material market, Segment by Type:
Steel
Nylon
Rayon
Polyester
Global Tire Reinforcing Material market, by Application
Passenger Cars
Commercial Vehicles
Others
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 Reinforcing Material manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tire Reinforcing Material 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.
Tire Reinforcing Material is the material used to reinforce the tires. The major materials are textile cords and steel cords
The global Tire Reinforcing Material market size is expected to reach US$ million by 2029, growing at a CAGR of % from 2023 to 2029. The market is mainly driven by the significant applications of Tire Reinforcing Material in various end use industries. The expanding demands from the Passenger Cars, Commercial Vehicles and Others,, are propelling Tire Reinforcing Material 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 Nylon 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 Reinforcing Material, 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 Reinforcing Material 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 Reinforcing Material market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Tire Reinforcing Material 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 Reinforcing Material covered in this report include Bekaert, Jiangsu Xingda Steel Cord, Kiswire, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen and Tokyo Rope MFG, etc.
The global Tire Reinforcing Material 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
Jiangsu Xingda Steel Cord
Kiswire
Hyosung
Shandong SNTON Steel Cord
Bridgestone
Shougang Century
Tokusen
Tokyo Rope MFG
Hubei Fuxing New Material
BMZ
Henan Hengxing
Junma Tyre Cord
Sumitomo Electric Industries
Global Tire Reinforcing Material 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 Reinforcing Material market, Segment by Type:
Steel
Nylon
Rayon
Polyester
Global Tire Reinforcing Material market, by Application
Passenger Cars
Commercial Vehicles
Others
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 Reinforcing Material manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Tire Reinforcing Material 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 Reinforcing Material Market Overview
1.1 Tire Reinforcing Material Product Overview
1.2 Tire Reinforcing Material Market Segment by Type
1.2.1 Steel
1.2.2 Nylon
1.2.3 Rayon
1.2.4 Polyester
1.3 Global Tire Reinforcing Material Market Size by Type
1.3.1 Global Tire Reinforcing Material Market Size Overview by Type (2018-2029)
1.3.2 Global Tire Reinforcing Material Historic Market Size Review by Type (2018-2023)
1.3.3 Global Tire Reinforcing Material Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Tire Reinforcing Material Sales Breakdown by Type (2018-2023)
1.4.2 Europe Tire Reinforcing Material Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Tire Reinforcing Material Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Tire Reinforcing Material Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Tire Reinforcing Material Sales Breakdown by Type (2018-2023)
2 Global Tire Reinforcing Material Market Competition by Company
2.1 Global Top Players by Tire Reinforcing Material Sales (2018-2023)
2.2 Global Top Players by Tire Reinforcing Material Revenue (2018-2023)
2.3 Global Top Players by Tire Reinforcing Material Price (2018-2023)
2.4 Global Top Manufacturers Tire Reinforcing Material Manufacturing Base Distribution, Sales Area, Product Type
2.5 Tire Reinforcing Material Market Competitive Situation and Trends
2.5.1 Tire Reinforcing Material Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Tire Reinforcing Material 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 Reinforcing Material as of 2022)
2.7 Date of Key Manufacturers Enter into Tire Reinforcing Material Market
2.8 Key Manufacturers Tire Reinforcing Material Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Tire Reinforcing Material Status and Outlook by Region
3.1 Global Tire Reinforcing Material Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Tire Reinforcing Material Historic Market Size by Region
3.2.1 Global Tire Reinforcing Material Sales in Volume by Region (2018-2023)
3.2.2 Global Tire Reinforcing Material Sales in Value by Region (2018-2023)
3.2.3 Global Tire Reinforcing Material Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Tire Reinforcing Material Forecasted Market Size by Region
3.3.1 Global Tire Reinforcing Material Sales in Volume by Region (2024-2029)
3.3.2 Global Tire Reinforcing Material Sales in Value by Region (2024-2029)
3.3.3 Global Tire Reinforcing Material Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Tire Reinforcing Material by Application
4.1 Tire Reinforcing Material Market Segment by Application
4.1.1 Passenger Cars
4.1.2 Commercial Vehicles
4.1.3 Others
4.2 Global Tire Reinforcing Material Market Size by Application
4.2.1 Global Tire Reinforcing Material Market Size Overview by Application (2018-2029)
4.2.2 Global Tire Reinforcing Material Historic Market Size Review by Application (2018-2023)
4.2.3 Global Tire Reinforcing Material Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Tire Reinforcing Material Sales Breakdown by Application (2018-2023)
4.3.2 Europe Tire Reinforcing Material Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Tire Reinforcing Material Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Tire Reinforcing Material Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Tire Reinforcing Material Sales Breakdown by Application (2018-2023)
5 North America Tire Reinforcing Material by Country
5.1 North America Tire Reinforcing Material Historic Market Size by Country
5.1.1 North America Tire Reinforcing Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Tire Reinforcing Material Sales in Volume by Country (2018-2023)
5.1.3 North America Tire Reinforcing Material Sales in Value by Country (2018-2023)
5.2 North America Tire Reinforcing Material Forecasted Market Size by Country
5.2.1 North America Tire Reinforcing Material Sales in Volume by Country (2024-2029)
5.2.2 North America Tire Reinforcing Material Sales in Value by Country (2024-2029)
6 Europe Tire Reinforcing Material by Country
6.1 Europe Tire Reinforcing Material Historic Market Size by Country
6.1.1 Europe Tire Reinforcing Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Tire Reinforcing Material Sales in Volume by Country (2018-2023)
6.1.3 Europe Tire Reinforcing Material Sales in Value by Country (2018-2023)
6.2 Europe Tire Reinforcing Material Forecasted Market Size by Country
6.2.1 Europe Tire Reinforcing Material Sales in Volume by Country (2024-2029)
6.2.2 Europe Tire Reinforcing Material Sales in Value by Country (2024-2029)
7 Asia-Pacific Tire Reinforcing Material by Region
7.1 Asia-Pacific Tire Reinforcing Material Historic Market Size by Region
7.1.1 Asia-Pacific Tire Reinforcing Material Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Tire Reinforcing Material Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Tire Reinforcing Material Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Tire Reinforcing Material Forecasted Market Size by Region
7.2.1 Asia-Pacific Tire Reinforcing Material Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Tire Reinforcing Material Sales in Value by Region (2024-2029)
8 Latin America Tire Reinforcing Material by Country
8.1 Latin America Tire Reinforcing Material Historic Market Size by Country
8.1.1 Latin America Tire Reinforcing Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Tire Reinforcing Material Sales in Volume by Country (2018-2023)
8.1.3 Latin America Tire Reinforcing Material Sales in Value by Country (2018-2023)
8.2 Latin America Tire Reinforcing Material Forecasted Market Size by Country
8.2.1 Latin America Tire Reinforcing Material Sales in Volume by Country (2024-2029)
8.2.2 Latin America Tire Reinforcing Material Sales in Value by Country (2024-2029)
9 Middle East and Africa Tire Reinforcing Material by Country
9.1 Middle East and Africa Tire Reinforcing Material Historic Market Size by Country
9.1.1 Middle East and Africa Tire Reinforcing Material Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Tire Reinforcing Material Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Tire Reinforcing Material Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Tire Reinforcing Material Forecasted Market Size by Country
9.2.1 Middle East and Africa Tire Reinforcing Material Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Tire Reinforcing Material 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 Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bekaert Tire Reinforcing Material Products Offered
10.1.5 Bekaert Recent Development
10.2 Jiangsu Xingda Steel Cord
10.2.1 Jiangsu Xingda Steel Cord Company Information
10.2.2 Jiangsu Xingda Steel Cord Introduction and Business Overview
10.2.3 Jiangsu Xingda Steel Cord Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Jiangsu Xingda Steel Cord Tire Reinforcing Material Products Offered
10.2.5 Jiangsu Xingda Steel Cord Recent Development
10.3 Kiswire
10.3.1 Kiswire Company Information
10.3.2 Kiswire Introduction and Business Overview
10.3.3 Kiswire Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.3.4 Kiswire Tire Reinforcing Material Products Offered
10.3.5 Kiswire Recent Development
10.4 Hyosung
10.4.1 Hyosung Company Information
10.4.2 Hyosung Introduction and Business Overview
10.4.3 Hyosung Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hyosung Tire Reinforcing Material Products Offered
10.4.5 Hyosung Recent Development
10.5 Shandong SNTON Steel Cord
10.5.1 Shandong SNTON Steel Cord Company Information
10.5.2 Shandong SNTON Steel Cord Introduction and Business Overview
10.5.3 Shandong SNTON Steel Cord Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Shandong SNTON Steel Cord Tire Reinforcing Material Products Offered
10.5.5 Shandong SNTON Steel Cord Recent Development
10.6 Bridgestone
10.6.1 Bridgestone Company Information
10.6.2 Bridgestone Introduction and Business Overview
10.6.3 Bridgestone Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Bridgestone Tire Reinforcing Material Products Offered
10.6.5 Bridgestone Recent Development
10.7 Shougang Century
10.7.1 Shougang Century Company Information
10.7.2 Shougang Century Introduction and Business Overview
10.7.3 Shougang Century Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Shougang Century Tire Reinforcing Material Products Offered
10.7.5 Shougang Century Recent Development
10.8 Tokusen
10.8.1 Tokusen Company Information
10.8.2 Tokusen Introduction and Business Overview
10.8.3 Tokusen Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Tokusen Tire Reinforcing Material Products Offered
10.8.5 Tokusen Recent Development
10.9 Tokyo Rope MFG
10.9.1 Tokyo Rope MFG Company Information
10.9.2 Tokyo Rope MFG Introduction and Business Overview
10.9.3 Tokyo Rope MFG Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Tokyo Rope MFG Tire Reinforcing Material Products Offered
10.9.5 Tokyo Rope MFG Recent Development
10.10 Hubei Fuxing New Material
10.10.1 Hubei Fuxing New Material Company Information
10.10.2 Hubei Fuxing New Material Introduction and Business Overview
10.10.3 Hubei Fuxing New Material Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Hubei Fuxing New Material Tire Reinforcing Material Products Offered
10.10.5 Hubei Fuxing New Material Recent Development
10.11 BMZ
10.11.1 BMZ Company Information
10.11.2 BMZ Introduction and Business Overview
10.11.3 BMZ Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.11.4 BMZ Tire Reinforcing Material Products Offered
10.11.5 BMZ Recent Development
10.12 Henan Hengxing
10.12.1 Henan Hengxing Company Information
10.12.2 Henan Hengxing Introduction and Business Overview
10.12.3 Henan Hengxing Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Henan Hengxing Tire Reinforcing Material Products Offered
10.12.5 Henan Hengxing Recent Development
10.13 Junma Tyre Cord
10.13.1 Junma Tyre Cord Company Information
10.13.2 Junma Tyre Cord Introduction and Business Overview
10.13.3 Junma Tyre Cord Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Junma Tyre Cord Tire Reinforcing Material Products Offered
10.13.5 Junma Tyre Cord Recent Development
10.14 Sumitomo Electric Industries
10.14.1 Sumitomo Electric Industries Company Information
10.14.2 Sumitomo Electric Industries Introduction and Business Overview
10.14.3 Sumitomo Electric Industries Tire Reinforcing Material Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Sumitomo Electric Industries Tire Reinforcing Material Products Offered
10.14.5 Sumitomo Electric Industries Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Tire Reinforcing Material 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 Reinforcing Material Industrial Chain Analysis
11.4 Tire Reinforcing Material Market Dynamics
11.4.1 Tire Reinforcing Material Industry Trends
11.4.2 Tire Reinforcing Material Market Drivers
11.4.3 Tire Reinforcing Material Market Challenges
11.4.4 Tire Reinforcing Material Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Tire Reinforcing Material Distributors
12.3 Tire Reinforcing Material 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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