Steel Cord Market
Steel Cord Market Global Industry Assessment & Forecast
Segments Covered
- By Product Types Normal Tensile (NT), High Tensile (HT), Others
- By Application Passenger Car Use, Freight Car Use, Others
Snapshot
Forecast Years: | 2021 - 2028 |
Historical Years: | 2016 - 2020 |
Revenue 2021: | 5.81 Billion |
Revenue 2028: | 9.08 Billion |
Revenue CAGR (2021 - 2028): | 5.74% |
Fastest Growing Region (2022 - 2028) | Asia Pacific |
Customization Offered
- Cross-segment Market Size and Analysis for Mentioned Segments
- Additional Company Profiles (Upto 5 With No Cost)
- Additional Countries (Apart From Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request Customization Speak To Analyst
Table of Content:
- Chapter No. 1: Introduction
- Report Scope
- Objectives of the Study
- USP & Key Offerings
- Target Audience
- Vantage Market Research Report Guidance/Walk-through
- Chapter No. 2: Premium Insights
- Market Snapshot
- Top Investment Pockets
- Market Attractiveness Analysis, By Product Types
- Market Attractiveness Analysis, By Application
- Market Attractiveness Analysis, By Asia Pacific
- Insights from Primary Respondents
- Chapter No. 3: Key Market Dynamics
- Introduction
- Market Drivers
- Market Restraints
- Market Opportunities
- Porter’s Five Forces Analysis
- PEST Analysis
- Regulatory Landscape
- Technology Landscape
- Regional Market Trends
- Pricing Analysis
- Patent Analysis
- Value Chain Analysis
- Downstream Buyers
- Distributors/Traders List
- Chapter No. 4: Competitive Landscape
- Competition Matrix – 2020
- Company Market Share Analysis – 2020
- Company Market Share, 2020
- Company Market Revenue, 2017 – 2020 (USD Million)
- Company Y-o-Y Growth, 2018 – 2020 (%)
- Strategic Developments
- CAcquisitions & Mergers
- New Product Launch
- New Product Launch
- New Product Launch
- Chapter No. 5: COVID 19 Impact Analysis
- Impact Assessment of COVID-19 Pandemic, By Asia Pacific
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Pre COVID-19 Market Revenue, By Asia Pacific, 2016-2019 (USD Million)
- Post COVID-19 Market Revenue, By Asia Pacific, 2020-2028 (USD Million)
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Short Term Dynamics
- Long Term Dynamics
- Impact Assessment of COVID-19 Pandemic, By Asia Pacific
- Chapter No. 6: Global Steel Cord Market - Segment Analysis
- Overview
- Global Steel Cord Market, 2016 – 2028 (USD Million)
- Global Market Revenue, By Asia Pacific, 2020 & 2028
- Global Market Revenue, By Asia Pacific, 2020 & 2028
- Global Market Revenue, By Asia Pacific, 2020 & 2028
- Global Keyword Market - By Application
- Overview
- Global Keyword Market - By Asia Pacific
- Overview
- Global Market Revenue, By Asia Pacific, 2016 – 2028 (USD Million)
- Chapter No. 7: North America Steel Cord Market - Segment Analysis
- Overview
- North America Steel Cord Market, 2016 – 2028 (USD Million)
- North America Market, By Product Types
- North America Market Revenue, By Product Types, 2016 – 2028
- North America Market, By Application
- North America Market Revenue, By Application, 2016 – 2028
- North America Market, By
- North America Market Revenue, By , 2016 – 2028 (USD Million)
- Chapter No. 8: Europe Steel Cord Market - Segment Analysis
- Overview
- Europe Steel Cord Market, 2016 – 2028 (USD Million)
- Europe Market Revenue Share, By , 2020 & 2028
- Europe Market, By Product Types
- Europe Market Revenue, By Product Types, 2016 – 2028
- Europe Market, By Application
- Europe Market Revenue, By Application, 2016 – 2028
- Europe Market, By
- Europe Market Revenue, By , 2016 – 2028 (USD Million)
- Chapter No. 9: Asia Pacific Steel Cord Market - Segment Analysis
- Overview
- Asia Pacific Steel Cord Market, 2016 – 2028 (USD Million)
- Asia Pacific Market Revenue Share, By , 2020 & 2028
- Asia Pacific Market, By Product Types
- Asia Pacific Market Revenue, By Product Types, 2016 – 2028
- Asia Pacific Market, By Application
- Asia Pacific Market Revenue, By Application, 2016 – 2028
- Asia Pacific Market, By
- Asia Pacific Market Revenue, By , 2016 – 2028 (USD Million)
- Chapter No. 10: Latin America Steel Cord Market - Segment Analysis
- Overview
- Latin America Steel Cord Market, 2016 – 2028 (USD Million)
- Latin America Market Revenue Share, By , 2020 & 2028
- Latin America Market, By Product Types
- Latin America Market Revenue, By Product Types, 2016 – 2028
- Latin America Market, By Application
- Latin America Market Revenue, By Application, 2016 – 2028
- Latin America Market, By
- Latin America Market Revenue, By , 2016 – 2028 (USD Million)
- Chapter No. 11: Middle East & Africa Steel Cord Market - Segment Analysis
- Overview
- Middle East & Africa Steel Cord Market, 2016 – 2028 (USD Million)
- Middle East & Africa Market Revenue Share, By , 2020 & 2028
- Middle East & Africa Market, By Product Types
- Middle East & Africa Market Revenue, By Product Types, 2016 – 2028
- Middle East & Africa Market, By Application
- Middle East & Africa Market Revenue, By Application, 2016 – 2028
- Middle East & Africa Market, By
- Middle East & Africa Market Revenue, By , 2016 – 2028 (USD Million)
- Chapter No. 12: Marketing Strategy Analysis
- Marketing Channel
- Direct Marketing
- Indirect Marketing
- Marketing Channel Development Trends
- Economic/Political Environmental Change
- Chapter No. 13: Company Profiles
- Company
- Chapter No. 14: Research Methodology
- Research Methodology
- Phase I - Secondary Research
-
Phase II - Data Modeling
- Company Share Analysis Model
- Revenue Based Modeling
- Phase III - Primary Research
-
Research Limitations
- Research Limitations
FAQ
Frequently Asked Question
What is the global demand for Steel Cord in terms of revenue?
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The global Steel Cord valued at 5.81 Billion in 2020 and is expected to reach 9.08 Billion in 2028 growing at a CAGR of 5.74%%.
Which are the prominent players in the market?
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The prominent players in the market are Bekaert, Hubei Fuxing New Material, Tokusen, BMZ, Shougang Century, Tokyo Rope MFG, ArcelorMittal, Junma Tyre Cord, Sodetal, Hyosung, Bridgestone, Sumitomo Electric Industries, Jiangsu Xingda Steel Cord, Henan Hengxing, Shandong SNTON Steel Cord..
At what CAGR is the market projected to grow within the forecast period?
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The market is project to grow at a CAGR of 5.74%% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
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The driving factors of the Steel Cord include
- The increasing demand from automotive industry is anticipated to augment the growth of the steel cord market during the forecast period. The automotive industry is one of the most demanding sectors in the global market, since it requires a systematic increase in productivity. The steel wires is used to control some of the basic functions in cars, such as the elevation of car-door windows and so on and are suitable for both mechanically and electrically operated rope systems in cars, motorcycles and bicycles.
- The increasing developments and technologies is another primary factor supporting the growth of the steel cords market in the years to come. The steel cord can be recycled from tires and used in concrete as it controls crack propagation and has better durability. Steel cord concrete mixes have better compressive strength characteristics. Furthermore, the forthcoming technology like nitrogen tires, eco tires and flat run tires is likely to drive the global steel cords market demand.
Which region accounted for the largest share in the market?
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Asia Pacific was the leading regional segment of the Steel Cord in 2020.