Global Tyre Bead Wire Market Overview:
Tyre Bead Wire is high-carbon-content coated steel wire used in all kinds of automobile tyres, tyres of earthmoving equipment’s and aircraft. It is mainly used in the tyre bead as the framework material for reinforcement. These wires are used as reinforcement in radial and conventional tires. These wires provide high strength, flexibility, and fatigue properties due to which it is used in the tyre bead as the reinforcing materials. The rapidly growing automotive industry is expected to drive demand for tyre bead wire in the forecasted years. Some of the key players profiled in the study are Tata Steel (India), N.V. Bekaert S.A. (Belgium), KIS Wire (South Korea), Rajratan Global Wire Limited (India), Heico Wire Group (United States), WireCo WorldGroup (United States), Shandong Daye Co., Ltd. (China), Jiangsu Xingda Steel Tyre Cord Co., Ltd. (China), GUIZHOU WIRE ROPE CO., LTD (China), King Industrial (Canada), Shanghai Metal Corporation (China) and Aarti Steels Ltd.(India).
On the basis of geography, the market of Tyre Bead Wire has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Packaging, the sub-segment i.e. Steel Reels will boost the Tyre Bead Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Grade, the sub-segment i.e. High Tensile Strength will boost the Tyre Bead Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Steel will boost the Tyre Bead Wire market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- High Adhesion and High Tensile Strength
- Growing Use in Automotive Tyres
- Trend For Reinforcement of the Rim
- Fluctuating Raw Material Prices
- Upsurge of Passenger Vehicles
- Increasing Demand for Aircraft Applications
- Increasing Use of Copper and Bronze Coated Tyre Bead Wire to Ensures Proper Adhesion
Major Market Developments:
In January 2019, Xingda Steel Tyre Cord expanded its footprint in Europe by establishing a new an office in Luxembourg. This enables the company to provide it to better serve European customers.
The global tyre bead wire market is highly competitive and diversified due to the presence of a large number of regional and international providers across the globe. These providers are progressively focusing on the production of products that have a higher quality to meet the customer’s expectations such as high performance, reliability, and timely delivery.
New Entrants/Investors, Analysts and Strategic Business Planners, Tyre Bead Wire Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End-Use Industry
Major Objectives Focused through this Study
To define, describe, and forecast the Global Tyre Bead Wire market on the basis of product [Up to 1.00mm, 1.00mm-2.00mm and Above 2.00mm] , application [Radial Tire and Bias Tire], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Tyre Bead Wire market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Tyre Bead Wire industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Tyre Bead Wire market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.