Market Overview:
The global bead wire for automobile tires market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automobiles, especially in developing countries such as China and India. Additionally, the increasing demand for radial tires over bias tires is also contributing to the growth of this market.
Product Definition:
Bead wire is a type of reinforcement wire that is inserted into the bead seat area of an automobile tire. This type of wire helps to keep the tire in place on the wheel and helps to maintain its shape. Bead wire is also important for providing strength and stability to the tire, which can help reduce wear and tear.
0.78~1.60 mm:
0.78-1.60 mm Bead Wire for Automobile Tires is used in the manufacturing of automobile tires, where it is heated and compressed to form the tire bead. It has a higher melting point as compared to steel wire which makes it suitable for use in high heat applications and prevents it from rusting or corrosion.
1.65~1.83 mm:
The 1.65-1.83 mm range is commonly known as the bead wire range and it's used in the manufacturing of automobile tires due to its high tensile strength, abrasion resistance, and low elongation when compared to standard wires.
Application Insights:
Radial tire application dominated the global bead wire for automobile tires market, accounting for a share of over 40.0% in 2017. The segment is expected to maintain its dominance throughout the forecast period owing to high product demand in this application due to higher load capacity and enhanced performance characteristics as compared to bias tires.
Bead wire is also used in applications such as ATE, aftermarket, and OEM parts along with other applications such as tubes, belts & pulleys where steel cord or nylon fiber products are used.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing automobile production and sales, coupled with rapid urbanization and rising disposable income especially in developing countries such as China, India, Thailand, Indonesia among others are expected to drive the regional demand for automotive tires over the forecast period.
Europe was estimated at USD X million in 2017 on account of growing tire manufacturing capacity along with stringent government regulations regarding fuel efficiency and emission control standards for vehicles propelled by beaded wire products. The presence of major players such as Continental AG; Pirelli & C.; Dunlop; Bridgestone Europe Ltd.; Goodyear Tire & Rubber Co., Inc.; Fuchs GmbH is also anticipated to augment growth during the forecast period.
Growth Factors:
- Increasing demand for automobiles: The global automobile production is expected to grow at a CAGR of 3.5% during the forecast period, owing to the increasing disposable income and urbanization in emerging economies. This is expected to result in an increase in demand for bead wire for automobile tires market over the forecast period.
- Technological advancements: The automotive industry is witnessing rapid technological advancements, which are resulting in the development of new and innovative products. This is anticipated to boost the growth of bead wire for automobile tires market over the forecast period.
- Stringent emission norms: Stringent emission norms across regions are compelling Original Equipment Manufacturers (OEMs) to adopt advanced technologies and lightweight materials in order to manufacture vehicles that comply with these norms. This is projected to propel the growth of bead wire for automobile tires market during the forecast period .
Scope Of The Report
Report Attributes
Report Details
Report Title
Bead Wire for Automobile Tires Market Research Report
By Type
0.78~1.60 mm, 1.65~1.83 mm, Above 1.83 mm
By Application
Radial Tire, Bias Tire
By Companies
Bekaert, Jiangsu Xingda Steel Cord, ArcelorMittal, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen, Tokyo Rope MFG, Hubei Fuxing New Material, Bekaert, Henan Hengxing, Junma Tyre Cord, Sumitomo Electric Industries, Sodetal, Rajratan
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Bead Wire for Automobile Tires Market Report Segments:
The global Bead Wire for Automobile Tires market is segmented on the basis of:
Types
0.78~1.60 mm, 1.65~1.83 mm, Above 1.83 mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Radial Tire, Bias Tire
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bekaert
- Jiangsu Xingda Steel Cord
- ArcelorMittal
- Hyosung
- Shandong SNTON Steel Cord
- Bridgestone
- Shougang Century
- Tokusen
- Tokyo Rope MFG
- Hubei Fuxing New Material
- Bekaert
- Henan Hengxing
- Junma Tyre Cord
- Sumitomo Electric Industries
- Sodetal
- Rajratan
Highlights of The Bead Wire for Automobile Tires Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 0.78~1.60 mm
- 1.65~1.83 mm
- Above 1.83 mm
- By Application:
- Radial Tire
- Bias Tire
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Bead Wire for Automobile Tires Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Bead wire is a type of wire used to reinforce automobile tires. It is made up of small, round wires that are tightly bound together. Bead wire helps to strengthen the tire and prevent it from becoming flat.
Some of the major companies in the bead wire for automobile tires market are Bekaert, Jiangsu Xingda Steel Cord, ArcelorMittal, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen, Tokyo Rope MFG, Hubei Fuxing New Material, Bekaert, Henan Hengxing, Junma Tyre Cord, Sumitomo Electric Industries, Sodetal, Rajratan.
The bead wire for automobile tires market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bead Wire for Automobile Tires Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Bead Wire for Automobile Tires Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bead Wire for Automobile Tires Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Bead Wire for Automobile Tires Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Bead Wire for Automobile Tires Market Size & Forecast, 2018-2028
4.5.1 Bead Wire for Automobile Tires Market Size and Y-o-Y Growth
4.5.2 Bead Wire for Automobile Tires Market Absolute $ Opportunity
Chapter 5 Global Bead Wire for Automobile Tires Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Bead Wire for Automobile Tires Market Size Forecast by Type
5.2.1 0.78~1.60 mm
5.2.2 1.65~1.83 mm
5.2.3 Above 1.83 mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Bead Wire for Automobile Tires Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Bead Wire for Automobile Tires Market Size Forecast by Applications
6.2.1 Radial Tire
6.2.2 Bias Tire
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bead Wire for Automobile Tires Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Bead Wire for Automobile Tires Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Bead Wire for Automobile Tires Analysis and Forecast
9.1 Introduction
9.2 North America Bead Wire for Automobile Tires Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Bead Wire for Automobile Tires Market Size Forecast by Type
9.6.1 0.78~1.60 mm
9.6.2 1.65~1.83 mm
9.6.3 Above 1.83 mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Bead Wire for Automobile Tires Market Size Forecast by Applications
9.10.1 Radial Tire
9.10.2 Bias Tire
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Bead Wire for Automobile Tires Analysis and Forecast
10.1 Introduction
10.2 Europe Bead Wire for Automobile Tires Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Bead Wire for Automobile Tires Market Size Forecast by Type
10.6.1 0.78~1.60 mm
10.6.2 1.65~1.83 mm
10.6.3 Above 1.83 mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Bead Wire for Automobile Tires Market Size Forecast by Applications
10.10.1 Radial Tire
10.10.2 Bias Tire
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Bead Wire for Automobile Tires Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Bead Wire for Automobile Tires Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Bead Wire for Automobile Tires Market Size Forecast by Type
11.6.1 0.78~1.60 mm
11.6.2 1.65~1.83 mm
11.6.3 Above 1.83 mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Bead Wire for Automobile Tires Market Size Forecast by Applications
11.10.1 Radial Tire
11.10.2 Bias Tire
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Bead Wire for Automobile Tires Analysis and Forecast
12.1 Introduction
12.2 Latin America Bead Wire for Automobile Tires Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Bead Wire for Automobile Tires Market Size Forecast by Type
12.6.1 0.78~1.60 mm
12.6.2 1.65~1.83 mm
12.6.3 Above 1.83 mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Bead Wire for Automobile Tires Market Size Forecast by Applications
12.10.1 Radial Tire
12.10.2 Bias Tire
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Bead Wire for Automobile Tires Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Bead Wire for Automobile Tires Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Bead Wire for Automobile Tires Market Size Forecast by Type
13.6.1 0.78~1.60 mm
13.6.2 1.65~1.83 mm
13.6.3 Above 1.83 mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Bead Wire for Automobile Tires Market Size Forecast by Applications
13.10.1 Radial Tire
13.10.2 Bias Tire
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Bead Wire for Automobile Tires Market: Competitive Dashboard
14.2 Global Bead Wire for Automobile Tires Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bekaert
14.3.2 Jiangsu Xingda Steel Cord
14.3.3 ArcelorMittal
14.3.4 Hyosung
14.3.5 Shandong SNTON Steel Cord
14.3.6 Bridgestone
14.3.7 Shougang Century
14.3.8 Tokusen
14.3.9 Tokyo Rope MFG
14.3.10 Hubei Fuxing New Material
14.3.11 Bekaert
14.3.12 Henan Hengxing
14.3.13 Junma Tyre Cord
14.3.14 Sumitomo Electric Industries
14.3.15 Sodetal
14.3.16 Rajratan
