Market Overview:
The global reinforcement material of tire market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for radial tyres across the globe. Additionally, the growing automotive industry is also expected to fuel the demand for reinforcement material of tires in the coming years. On basis of type, bead wire segment is anticipated to account for a major share of global reinforcement material of tire market during 2018-2030. This can be attributed to its properties such as high strength and durability which make it suitable for use in heavy-duty tyres.
Product Definition:
Reinforcement material of tire is a material that is used to strengthen the tire. This can be done in a number of ways, but the most common reinforcement materials are steel and fiberglass. The main purpose of reinforcement material is to prevent the tire from becoming too flexible or too brittle, both of which could lead to dangerous situations while driving.
Bead Wire:
Bead wire is a type of steel wire that is used as reinforcement in the tire. It helps in increasing the strength and durability of tires. The beads are welded or embedded into the tire wall, which offers better abrasion resistance and tensile strength to it.
Steel Cord:
Steel cord is a type of steel wire, which is extruded into three or four pieces and then twisted into a helical shape. The number of strands in this cord can vary from three to eight, but the most commonly used ones are those with five strands. These cords find their application in several industries including tire manufacturing where they are used as reinforcement material for the rubber compound owing to high strength and low elongation when compared to other materials such as polyester or nylon fibers.
Application Insights:
On the basis of application, the global market has been segmented into diagonal and radial tires. The diagonal tire segment dominated the market in 2017 owing to its high usage in various industries such as automotive, construction and transportation. Diametrically-vented tires are used for applications where high performance is required along with low rolling resistance and good traction on soft surfaces like snow.
The radial tire application is expected to witness significant growth over the forecast period due to its increasing use in heavy vehicles including trucks, tractors and tankers on account of superior performance characteristics including strength, durability and grip compared to other types of tires. Also, growing demand for radials from countries such as China India Japan is expected to drive growth over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand for passenger cars and light commercial vehicles. China, India, Japan, South Korea are some of the major countries that contribute towards regional growth.
Europe was another prominent consumer as it accounted for a share of 24.1%in total volume consumed globally in 2017 owing to high demand from Germany.
North America held a significant market share due to presence of key manufacturers such as Bridgestone Americas Inc., Firestone Tire Operations LLC; Michelin Tires France S.A.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Rising disposable income of consumers in developing countries
- Stringent emission norms by regulatory authorities worldwide
- Proliferation of electric vehicles and growing popularity of green mobility solutions
- Technological advancements in the field of rubber reinforcement materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Reinforcement Material of Tire Market Research Report
By Type
Bead Wire, Steel Cord
By Application
Diagonal Tyre, Radial Tyre, Others
By Companies
TOKYO ROPE, Goodyear, Dunlop, Bridgestone, Bekaert, Hyosung, Kolon Industries, Kordsa Global, Toray Industries, SRF, TOKYO ROPE, CORDENKA, Tokusen Kogyo
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
209
Number of Tables & Figures
147
Customization Available
Yes, the report can be customized as per your need.
Global Reinforcement Material of Tire Market Report Segments:
The global Reinforcement Material of Tire market is segmented on the basis of:
Types
Bead Wire, Steel Cord
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
Diagonal Tyre, Radial Tyre, Others
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:
- TOKYO ROPE
- Goodyear
- Dunlop
- Bridgestone
- Bekaert
- Hyosung
- Kolon Industries
- Kordsa Global
- Toray Industries
- SRF
- TOKYO ROPE
- CORDENKA
- Tokusen Kogyo
Highlights of The Reinforcement Material of Tire 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:
- Bead Wire
- Steel Cord
- By Application:
- Diagonal Tyre
- Radial Tyre
- Others
- 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 Reinforcement Material of Tire 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
Reinforcement material is a type of filler used in tires. It is made up of small pieces that are glued or bonded to the surface of the tire. This helps to strengthen and protect the tire from damage.
Some of the major players in the reinforcement material of tire market are TOKYO ROPE, Goodyear, Dunlop, Bridgestone, Bekaert, Hyosung, Kolon Industries, Kordsa Global, Toray Industries, SRF, TOKYO ROPE, CORDENKA, Tokusen Kogyo.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Reinforcement Material of Tire 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 Reinforcement Material of Tire Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Reinforcement Material of Tire 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 Reinforcement Material of Tire 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 Reinforcement Material of Tire Market Size & Forecast, 2018-2028
4.5.1 Reinforcement Material of Tire Market Size and Y-o-Y Growth
4.5.2 Reinforcement Material of Tire Market Absolute $ Opportunity
Chapter 5 Global Reinforcement Material of Tire 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 Reinforcement Material of Tire Market Size Forecast by Type
5.2.1 Bead Wire
5.2.2 Steel Cord
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Reinforcement Material of Tire 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 Reinforcement Material of Tire Market Size Forecast by Applications
6.2.1 Diagonal Tyre
6.2.2 Radial Tyre
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Reinforcement Material of Tire 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 Reinforcement Material of Tire 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 Reinforcement Material of Tire Analysis and Forecast
9.1 Introduction
9.2 North America Reinforcement Material of Tire 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 Reinforcement Material of Tire Market Size Forecast by Type
9.6.1 Bead Wire
9.6.2 Steel Cord
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 Reinforcement Material of Tire Market Size Forecast by Applications
9.10.1 Diagonal Tyre
9.10.2 Radial Tyre
9.10.3 Others
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 Reinforcement Material of Tire Analysis and Forecast
10.1 Introduction
10.2 Europe Reinforcement Material of Tire 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 Reinforcement Material of Tire Market Size Forecast by Type
10.6.1 Bead Wire
10.6.2 Steel Cord
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 Reinforcement Material of Tire Market Size Forecast by Applications
10.10.1 Diagonal Tyre
10.10.2 Radial Tyre
10.10.3 Others
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 Reinforcement Material of Tire Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Reinforcement Material of Tire 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 Reinforcement Material of Tire Market Size Forecast by Type
11.6.1 Bead Wire
11.6.2 Steel Cord
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 Reinforcement Material of Tire Market Size Forecast by Applications
11.10.1 Diagonal Tyre
11.10.2 Radial Tyre
11.10.3 Others
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 Reinforcement Material of Tire Analysis and Forecast
12.1 Introduction
12.2 Latin America Reinforcement Material of Tire 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 Reinforcement Material of Tire Market Size Forecast by Type
12.6.1 Bead Wire
12.6.2 Steel Cord
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 Reinforcement Material of Tire Market Size Forecast by Applications
12.10.1 Diagonal Tyre
12.10.2 Radial Tyre
12.10.3 Others
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) Reinforcement Material of Tire Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Reinforcement Material of Tire 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) Reinforcement Material of Tire Market Size Forecast by Type
13.6.1 Bead Wire
13.6.2 Steel Cord
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) Reinforcement Material of Tire Market Size Forecast by Applications
13.10.1 Diagonal Tyre
13.10.2 Radial Tyre
13.10.3 Others
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 Reinforcement Material of Tire Market: Competitive Dashboard
14.2 Global Reinforcement Material of Tire Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TOKYO ROPE
14.3.2 Goodyear
14.3.3 Dunlop
14.3.4 Bridgestone
14.3.5 Bekaert
14.3.6 Hyosung
14.3.7 Kolon Industries
14.3.8 Kordsa Global
14.3.9 Toray Industries
14.3.10 SRF
14.3.11 TOKYO ROPE
14.3.12 CORDENKA
14.3.13 Tokusen Kogyo
