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Tire Bead Wire Market by Type, Application: Global Opportunity Analysis and Industry Forecast, 2021-2031

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    Report

  • 280 Pages
  • February 2023
  • Region: Global
  • Allied Market Research
  • ID: 5781718
Description Jump to:
The global tire bead wire market is anticipated to reach $2.5 billion by 2031, growing from $1.2 billion in 2021, at a CAGR of 8.3% from 2022 to 2031.

Tire bead wire is a high-carbon steel wire that is surface-plated with brass or bronze. It has high strength, exceptional flexibility, superior fatigue properties, & great linearity, and it attaches well to rubber. It is primarily used as a reinforcing material in tire bead. This device prevents tires from changing shape due to air pressure or other environmental effects. Tire bead refers to the edge of a tire that rests on the wheel. Off-road vehicle drivers are used to lower the air pressure in their tires.

Bead wire is an important reinforcing element for vehicle tires. Tire bead wire protects tires from changing shape due to air pressure and binds the tires to the wheel to reduce vibration while driving. All these factors are expected to drive the tire bead wire market growth during the forecast period. In addition, global tire sales are also anticipated to be fueled by consumer desire for better and more modern kinds of tires. The tire industry is associated with the automotive industry for direct OEM sales. Production and sales of automobiles are directly correlated with OEM (original equipment manufacturer) demand. As per capita income rises, more people are anticipated to own vehicles.

However, variations in raw material costs as a result of strict government directives for mining activities and a scarcity of raw materials in developing economies is one of the key reasons restricting market growth. The use of automated condition monitoring technologies and rise in awareness of preventive maintenance are two factors contributing to the growth of the global tire bead wire market. The market for tire bead wire is expanding owing to surge in demand from new applications such heating, ventilation, and cooling as well as infiltration in manufacturing. The number of applications requiring blast monitoring has increased dramatically due to the global industrialization, which has boosted the market for tire bead wire globally.

With a sizeable revenue market share in 2021, Asia-Pacific dominated the global market. It is anticipated that this dominance would continue during the forecast period of 2022-2031.

The main element boosting the development of the target industry in Asia-Pacific is the rise in demand for tire bead wire from the automotive sectors in nations such as China, India, and Japan.

The market for tire bead wire was significantly impacted by the COVID-19 outbreak. The COVID-19 pandemic and its spread significantly harmed the global economy. The process, construction, and mining industries were all impacted globally by manufacturing plant closures and supply chain disruptions. Many business practices were impacted by various social distancing regulations. The closure of several industrial businesses had unexpected repercussions on the supply chain and slowed the market expansion for tire bead wire. The introduction of COVID-19 essentially forced all industrial businesses to reevaluate their blasting plans and put temporary fixes in place in order to maintain supply chain stability.

The key players profiled in this report include Aarti Steels Limited, Bekaert, HBT RUBBER INDUSTRIAL CO., LTD, Jiangsu Xingda Steel Tire Cord Co. Ltd, Kiswire, Rajratan, Shandong Daye, Shanghai Metal Corporation, SNTAI INDUSTRIAL GROUP LTD, and Tianjin Bladder Technology Co.,Ltd.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the tire bead wire market analysis from 2021 to 2031 to identify the prevailing tire bead wire market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the tire bead wire market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global tire bead wire market trends, key players, market segments, application areas, and market growth strategies.

Key Market Segments

By Type

  • Regular Tensile Strength (1770-2200 MP)
  • High Tensile Strength (Above 2200)
  • Others

By Application

  • Passenger Vehicle Tire
  • Commercial Vehicle Tire
  • Motorcycle Tire
  • Bicycle Tire
  • Others

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia-Pacific
  • LAMEA
  • Brazil
  • Saudi Arabia
  • UAE
  • South Africa
  • Rest of LAMEA

Key Market Players

  • AARTI STEELS LIMITED
  • Jiangsu Xingda Steel Tyre Cord Co. Ltd
  • Rajratan Global Wire Ltd
  • shanghai metal corporation
  • Tianjin Bladder Technology Co.,Ltd.
  • bekaert
  • HBT RUBBER INDUSTRIAL CO., LTD
  • kiswire inc.
  • Shandong Daye
  • SNTAI INDUSTRIAL GROUP LTD

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top impacting factors
3.2.2. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Market dynamics
3.4.1. Drivers
3.4.2. Restraints
3.4.3. Opportunities
3.5. COVID-19 Impact Analysis on the market
3.6. Key Regulation Analysis
3.7. Market Share Analysis
3.8. Patent Landscape
3.9. Regulatory Guidelines
3.10. Value Chain Analysis
CHAPTER 4: TIRE BEAD WIRE MARKET, BY TYPE
4.1. Overview
4.1.1. Market size and forecast
4.2. Regular Tensile Strength (1770-2200 MP)
4.2.1. Key market trends, growth factors and opportunities
4.2.2. Market size and forecast, by region
4.2.3. Market share analysis by country
4.3. High Tensile Strength (Above 2200)
4.3.1. Key market trends, growth factors and opportunities
4.3.2. Market size and forecast, by region
4.3.3. Market share analysis by country
4.4. Others
4.4.1. Key market trends, growth factors and opportunities
4.4.2. Market size and forecast, by region
4.4.3. Market share analysis by country
CHAPTER 5: TIRE BEAD WIRE MARKET, BY APPLICATION
5.1. Overview
5.1.1. Market size and forecast
5.2. Passenger Vehicle Tire
5.2.1. Key market trends, growth factors and opportunities
5.2.2. Market size and forecast, by region
5.2.3. Market share analysis by country
5.3. Commercial Vehicle Tire
5.3.1. Key market trends, growth factors and opportunities
5.3.2. Market size and forecast, by region
5.3.3. Market share analysis by country
5.4. Motorcycle Tire
5.4.1. Key market trends, growth factors and opportunities
5.4.2. Market size and forecast, by region
5.4.3. Market share analysis by country
5.5. Bicycle Tire
5.5.1. Key market trends, growth factors and opportunities
5.5.2. Market size and forecast, by region
5.5.3. Market share analysis by country
5.6. Others
5.6.1. Key market trends, growth factors and opportunities
5.6.2. Market size and forecast, by region
5.6.3. Market share analysis by country
CHAPTER 6: TIRE BEAD WIRE MARKET, BY REGION
6.1. Overview
6.1.1. Market size and forecast By Region
6.2. North America
6.2.1. Key trends and opportunities
6.2.2. Market size and forecast, by Type
6.2.3. Market size and forecast, by Application
6.2.4. Market size and forecast, by country
6.2.4.1. U.S.
6.2.4.1.1. Key market trends, growth factors and opportunities
6.2.4.1.2. Market size and forecast, by Type
6.2.4.1.3. Market size and forecast, by Application
6.2.4.2. Canada
6.2.4.2.1. Key market trends, growth factors and opportunities
6.2.4.2.2. Market size and forecast, by Type
6.2.4.2.3. Market size and forecast, by Application
6.2.4.3. Mexico
6.2.4.3.1. Key market trends, growth factors and opportunities
6.2.4.3.2. Market size and forecast, by Type
6.2.4.3.3. Market size and forecast, by Application
6.3. Europe
6.3.1. Key trends and opportunities
6.3.2. Market size and forecast, by Type
6.3.3. Market size and forecast, by Application
6.3.4. Market size and forecast, by country
6.3.4.1. Germany
6.3.4.1.1. Key market trends, growth factors and opportunities
6.3.4.1.2. Market size and forecast, by Type
6.3.4.1.3. Market size and forecast, by Application
6.3.4.2. France
6.3.4.2.1. Key market trends, growth factors and opportunities
6.3.4.2.2. Market size and forecast, by Type
6.3.4.2.3. Market size and forecast, by Application
6.3.4.3. UK
6.3.4.3.1. Key market trends, growth factors and opportunities
6.3.4.3.2. Market size and forecast, by Type
6.3.4.3.3. Market size and forecast, by Application
6.3.4.4. Italy
6.3.4.4.1. Key market trends, growth factors and opportunities
6.3.4.4.2. Market size and forecast, by Type
6.3.4.4.3. Market size and forecast, by Application
6.3.4.5. Spain
6.3.4.5.1. Key market trends, growth factors and opportunities
6.3.4.5.2. Market size and forecast, by Type
6.3.4.5.3. Market size and forecast, by Application
6.3.4.6. Rest of Europe
6.3.4.6.1. Key market trends, growth factors and opportunities
6.3.4.6.2. Market size and forecast, by Type
6.3.4.6.3. Market size and forecast, by Application
6.4. Asia-Pacific
6.4.1. Key trends and opportunities
6.4.2. Market size and forecast, by Type
6.4.3. Market size and forecast, by Application
6.4.4. Market size and forecast, by country
6.4.4.1. China
6.4.4.1.1. Key market trends, growth factors and opportunities
6.4.4.1.2. Market size and forecast, by Type
6.4.4.1.3. Market size and forecast, by Application
6.4.4.2. Japan
6.4.4.2.1. Key market trends, growth factors and opportunities
6.4.4.2.2. Market size and forecast, by Type
6.4.4.2.3. Market size and forecast, by Application
6.4.4.3. India
6.4.4.3.1. Key market trends, growth factors and opportunities
6.4.4.3.2. Market size and forecast, by Type
6.4.4.3.3. Market size and forecast, by Application
6.4.4.4. South Korea
6.4.4.4.1. Key market trends, growth factors and opportunities
6.4.4.4.2. Market size and forecast, by Type
6.4.4.4.3. Market size and forecast, by Application
6.4.4.5. Australia
6.4.4.5.1. Key market trends, growth factors and opportunities
6.4.4.5.2. Market size and forecast, by Type
6.4.4.5.3. Market size and forecast, by Application
6.4.4.6. Rest of Asia-Pacific
6.4.4.6.1. Key market trends, growth factors and opportunities
6.4.4.6.2. Market size and forecast, by Type
6.4.4.6.3. Market size and forecast, by Application
6.5. LAMEA
6.5.1. Key trends and opportunities
6.5.2. Market size and forecast, by Type
6.5.3. Market size and forecast, by Application
6.5.4. Market size and forecast, by country
6.5.4.1. Brazil
6.5.4.1.1. Key market trends, growth factors and opportunities
6.5.4.1.2. Market size and forecast, by Type
6.5.4.1.3. Market size and forecast, by Application
6.5.4.2. Saudi Arabia
6.5.4.2.1. Key market trends, growth factors and opportunities
6.5.4.2.2. Market size and forecast, by Type
6.5.4.2.3. Market size and forecast, by Application
6.5.4.3. UAE
6.5.4.3.1. Key market trends, growth factors and opportunities
6.5.4.3.2. Market size and forecast, by Type
6.5.4.3.3. Market size and forecast, by Application
6.5.4.4. South Africa
6.5.4.4.1. Key market trends, growth factors and opportunities
6.5.4.4.2. Market size and forecast, by Type
6.5.4.4.3. Market size and forecast, by Application
6.5.4.5. Rest of LAMEA
6.5.4.5.1. Key market trends, growth factors and opportunities
6.5.4.5.2. Market size and forecast, by Type
6.5.4.5.3. Market size and forecast, by Application
CHAPTER 7: COMPETITIVE LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Top player positioning, 2021
CHAPTER 8: COMPANY PROFILES
8.1. AARTI STEELS LIMITED
8.1.1. Company overview
8.1.2. Key Executives
8.1.3. Company snapshot
8.2. Jiangsu Xingda Steel Tyre Cord Co.Ltd
8.2.1. Company overview
8.2.2. Key Executives
8.2.3. Company snapshot
8.3. Rajratan Global Wire Ltd
8.3.1. Company overview
8.3.2. Key Executives
8.3.3. Company snapshot
8.4. shanghai metal corporation
8.4.1. Company overview
8.4.2. Key Executives
8.4.3. Company snapshot
8.5. Tianjin Bladder Technology Co.,Ltd.
8.5.1. Company overview
8.5.2. Key Executives
8.5.3. Company snapshot
8.6. bekaert
8.6.1. Company overview
8.6.2. Key Executives
8.6.3. Company snapshot
8.7. HBT RUBBER INDUSTRIAL CO., LTD
8.7.1. Company overview
8.7.2. Key Executives
8.7.3. Company snapshot
8.8. kiswire inc.
8.8.1. Company overview
8.8.2. Key Executives
8.8.3. Company snapshot
8.9. Shandong Daye
8.9.1. Company overview
8.9.2. Key Executives
8.9.3. Company snapshot
8.10. SNTAI INDUSTRIAL GROUP LTD
8.10.1. Company overview
8.10.2. Key Executives
8.10.3. Company snapshot
List of Tables
TABLE 01. GLOBAL TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 02. TIRE BEAD WIRE MARKET FOR REGULAR TENSILE STRENGTH (1770-2200 MP), BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 03. TIRE BEAD WIRE MARKET FOR HIGH TENSILE STRENGTH (ABOVE 2200), BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 04. TIRE BEAD WIRE MARKET FOR OTHERS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 05. GLOBAL TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 06. TIRE BEAD WIRE MARKET FOR PASSENGER VEHICLE TIRE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 07. TIRE BEAD WIRE MARKET FOR COMMERCIAL VEHICLE TIRE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 08. TIRE BEAD WIRE MARKET FOR MOTORCYCLE TIRE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 09. TIRE BEAD WIRE MARKET FOR BICYCLE TIRE, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 10. TIRE BEAD WIRE MARKET FOR OTHERS, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 11. TIRE BEAD WIRE MARKET, BY REGION, 2021-2031 (REVENUE, $MILLION)
TABLE 12. NORTH AMERICA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 13. NORTH AMERICA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 14. NORTH AMERICA TIRE BEAD WIRE MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 15. U.S. TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 16. U.S. TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 17. CANADA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 18. CANADA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 19. MEXICO TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 20. MEXICO TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 21. EUROPE TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 22. EUROPE TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 23. EUROPE TIRE BEAD WIRE MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 24. GERMANY TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 25. GERMANY TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 26. FRANCE TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 27. FRANCE TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 28. UK TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 29. UK TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 30. ITALY TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 31. ITALY TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 32. SPAIN TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 33. SPAIN TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 34. REST OF EUROPE TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 35. REST OF EUROPE TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 36. ASIA-PACIFIC TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 37. ASIA-PACIFIC TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 38. ASIA-PACIFIC TIRE BEAD WIRE MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 39. CHINA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 40. CHINA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 41. JAPAN TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 42. JAPAN TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 43. INDIA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 44. INDIA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 45. SOUTH KOREA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 46. SOUTH KOREA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 47. AUSTRALIA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 48. AUSTRALIA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 49. REST OF ASIA-PACIFIC TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 50. REST OF ASIA-PACIFIC TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 51. LAMEA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 52. LAMEA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 53. LAMEA TIRE BEAD WIRE MARKET, BY COUNTRY, 2021-2031 (REVENUE, $MILLION)
TABLE 54. BRAZIL TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 55. BRAZIL TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 56. SAUDI ARABIA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 57. SAUDI ARABIA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 58. UAE TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 59. UAE TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 60. SOUTH AFRICA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 61. SOUTH AFRICA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 62. REST OF LAMEA TIRE BEAD WIRE MARKET, BY TYPE, 2021-2031 (REVENUE, $MILLION)
TABLE 63. REST OF LAMEA TIRE BEAD WIRE MARKET, BY APPLICATION, 2021-2031 (REVENUE, $MILLION)
TABLE 64. AARTI STEELS LIMITED: KEY EXECUTIVES
TABLE 65. AARTI STEELS LIMITED: COMPANY SNAPSHOT
TABLE 66. JIANGSU XINGDA STEEL TYRE CORD CO. LTD: KEY EXECUTIVES
TABLE 67. JIANGSU XINGDA STEEL TYRE CORD CO. LTD: COMPANY SNAPSHOT
TABLE 68. RAJRATAN GLOBAL WIRE LTD: KEY EXECUTIVES
TABLE 69. RAJRATAN GLOBAL WIRE LTD: COMPANY SNAPSHOT
TABLE 70. SHANGHAI METAL CORPORATION: KEY EXECUTIVES
TABLE 71. SHANGHAI METAL CORPORATION: COMPANY SNAPSHOT
TABLE 72. TIANJIN BLADDER TECHNOLOGY CO.,LTD.: KEY EXECUTIVES
TABLE 73. TIANJIN BLADDER TECHNOLOGY CO.,LTD.: COMPANY SNAPSHOT
TABLE 74. BEKAERT: KEY EXECUTIVES
TABLE 75. BEKAERT: COMPANY SNAPSHOT
TABLE 76. HBT RUBBER INDUSTRIAL CO., LTD: KEY EXECUTIVES
TABLE 77. HBT RUBBER INDUSTRIAL CO., LTD: COMPANY SNAPSHOT
TABLE 78. KISWIRE INC.: KEY EXECUTIVES
TABLE 79. KISWIRE INC.: COMPANY SNAPSHOT
TABLE 80. SHANDONG DAYE: KEY EXECUTIVES
TABLE 81. SHANDONG DAYE: COMPANY SNAPSHOT
TABLE 82. SNTAI INDUSTRIAL GROUP LTD: KEY EXECUTIVES
TABLE 83. SNTAI INDUSTRIAL GROUP LTD: COMPANY SNAPSHOT
List of Figures
FIGURE 01. TIRE BEAD WIRE MARKET, 2021-2031
FIGURE 02. SEGMENTATION OF TIRE BEAD WIRE MARKET, 2021-2031
FIGURE 03. TOP INVESTMENT POCKETS IN TIRE BEAD WIRE MARKET (2022-2031)
FIGURE 04. PORTER FIVE-1
FIGURE 05. PORTER FIVE-2
FIGURE 06. PORTER FIVE-3
FIGURE 07. PORTER FIVE-4
FIGURE 08. PORTER FIVE-5
FIGURE 09. DRIVERS, RESTRAINTS AND OPPORTUNITIES: GLOBALTIRE BEAD WIRE MARKET
FIGURE 10. IMPACT OF KEY REGULATION: TIRE BEAD WIRE MARKET
FIGURE 11. MARKET SHARE ANALYSIS: TIRE BEAD WIRE MARKET
FIGURE 12. PATENT ANALYSIS BY COMPANY
FIGURE 13. PATENT ANALYSIS BY COUNTRY
FIGURE 14. REGULATORY GUIDELINES: TIRE BEAD WIRE MARKET
FIGURE 15. VALUE CHAIN ANALYSIS: TIRE BEAD WIRE MARKET
FIGURE 16. TIRE BEAD WIRE MARKET, BY TYPE, 2021 (%)
FIGURE 17. COMPARATIVE SHARE ANALYSIS OF TIRE BEAD WIRE MARKET FOR REGULAR TENSILE STRENGTH (1770-2200 MP), BY COUNTRY 2021-2031 (%)
FIGURE 18. COMPARATIVE SHARE ANALYSIS OF TIRE BEAD WIRE MARKET FOR HIGH TENSILE STRENGTH (ABOVE 2200), BY COUNTRY 2021-2031 (%)
FIGURE 19. COMPARATIVE SHARE ANALYSIS OF TIRE BEAD WIRE MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%)
FIGURE 20. TIRE BEAD WIRE MARKET, BY APPLICATION, 2021 (%)
FIGURE 21. COMPARATIVE SHARE ANALYSIS OF TIRE BEAD WIRE MARKET FOR PASSENGER VEHICLE TIRE, BY COUNTRY 2021-2031 (%)
FIGURE 22. COMPARATIVE SHARE ANALYSIS OF TIRE BEAD WIRE MARKET FOR COMMERCIAL VEHICLE TIRE, BY COUNTRY 2021-2031 (%)
FIGURE 23. COMPARATIVE SHARE ANALYSIS OF TIRE BEAD WIRE MARKET FOR MOTORCYCLE TIRE, BY COUNTRY 2021-2031 (%)
FIGURE 24. COMPARATIVE SHARE ANALYSIS OF TIRE BEAD WIRE MARKET FOR BICYCLE TIRE, BY COUNTRY 2021-2031 (%)
FIGURE 25. COMPARATIVE SHARE ANALYSIS OF TIRE BEAD WIRE MARKET FOR OTHERS, BY COUNTRY 2021-2031 (%)
FIGURE 26. TIRE BEAD WIRE MARKET BY REGION, 2021
FIGURE 27. U.S. TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 28. CANADA TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 29. MEXICO TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 30. GERMANY TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 31. FRANCE TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 32. UK TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 33. ITALY TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 34. SPAIN TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 35. REST OF EUROPE TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 36. CHINA TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 37. JAPAN TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 38. INDIA TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 39. SOUTH KOREA TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 40. AUSTRALIA TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 41. REST OF ASIA-PACIFIC TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 42. BRAZIL TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 43. SAUDI ARABIA TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 44. UAE TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 45. SOUTH AFRICA TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 46. REST OF LAMEA TIRE BEAD WIRE MARKET, 2021-2031 ($MILLION)
FIGURE 47. TOP WINNING STRATEGIES, BY YEAR
FIGURE 48. TOP WINNING STRATEGIES, BY DEVELOPMENT
FIGURE 49. TOP WINNING STRATEGIES, BY COMPANY
FIGURE 50. PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 51. COMPETITIVE DASHBOARD
FIGURE 52. COMPETITIVE HEATMAP: TIRE BEAD WIRE MARKET
FIGURE 53. TOP PLAYER POSITIONING, 2021

Executive Summary

According to the report titled, “Tire Bead Wire Market," the tire bead wire market was valued at $1.2 billion in 2021, and is estimated to reach $2.5 billion by 2031, growing at a CAGR of 8.3% from 2022 to 2031.

Tire bead wire is a copper/bronze coated wire that is used to reinforce practically all types of tires. This includes trucks, vehicles, buses, and motorcycles. The primary role of the tyre bead wire is to act as a reinforcing component and to ensure that the tyre is properly seated on the rim. The size of bead wire is determined by the type of tyre and the structure of the bead rings employed.

High-carbon wire rod is used to create bead wire, which is then coated in bronze or brass. Raising the bead wire's breaking strength and tensile strength results in lower bead wire consumption rates, tire weights, rolling resistance forces, fuel consumption rates, and tire manufacturing costs. High yield ratio reduces steel wire's creep characteristic. Bead wire also has the ability to withstand high tensile forces, is elastic, fatigue-resistant, straight, and has strong adhesion to rubber. Bead wire has been extensively employed as improved framework material in the manufacturing of tires.

Key factors driving the growth of the tire bead wire include stable political environment, higher purchasing power, a sizable domestic market, and continued infrastructure development. Achieving tire balance when the truck and trailer are in all-wheel positions, beads are used to economically balance the entire wheel assembly. Tire beads shield the environment from the risks of lead by being protected from road hazards and obstructions inside the tire and by not falling off like lead weights. The rubber on the bead's inner and outer rims has a high friction point and a firm grip, preventing the tire from slipping when the wheel rotates. The bead is held in place by inflation. Two different types of tires are there: bias-ply tires and radial tires.

An increase in consumer spending on cars and other luxuries as a result of rise in disposable income fuels the expansion of the market for tire bead wire. As new technologies such as radial tires and run-flat tires gain popularity among tire makers, they need premium tire beads wiring for the best performance. During the forecast period, this is anticipated to fuel the tire bead wire market's expansion. Automakers are adopting innovative technology like run-flat tires and radial tires that require high-quality tire bead wires for maximum performance since governments in many nations are enforcing strict laws relating to vehicle safety requirements. This is anticipated to encourage the tire bead wire's growth.

The tire bead wire market is segmented into type, application, and region. On the basis of type, the market is classified into regular tensile strength (1770-2200 mp), high tensile strength (above 2200), and others. On the basis of application, the market is categorized into passenger vehicle tire, commercial vehicle tire, motorcycle tire, bicycle tire, and others. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, Italy, France, Spain, and rest of Europe), Asia-Pacific (China, India, Japan, Australia, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, Saudi Arabia, United Arab Emirates, South Africa, and rest of LAMEA). In terms of revenue share in 2021, the tire bead wire market was driven by Asia-Pacific. Owing to strong demand from automotive, industrial, and agricultural applications, the area is anticipated to maintain its dominance during the forecast period.

The key players profiled in the study include Aarti Steels Limited, Bekaert, HBT RUBBER INDUSTRIAL CO., LTD, Jiangsu Xingda Steel Tire Cord Co. Ltd, Kiswire, Rajratan, Shandong Daye, Shanghai Metal Corporation, SNTAI INDUSTRIAL GROUP LTD, Tianjin Bladder Technology Co.,Ltd. India had one of the largest tire industries in the world. According to ATMA (India), 169 million tires were produced in India overall in 2021. This represented a 4% decline from the previous year. The tires bead wire is utilized in a variety of vehicles, including light commercial vehicles, passenger cars, two- and three-wheelers, and trucks.

Rajratan is one of the top producers of tire bead wire in India. Its manufacturing facility in India, which is based in Pithampur in Indore, Madhya Pradesh, has a 72,000 TPA production capacity. In addition, it owns a 40,000 TPA manufacturing facility in Thailand.

Key Market Insights

  • By type, the Regular Tensile Strength (1770-2200 MP) segment was the highest revenue contributor to the market in 2021 and is anticipated to continue its dominance during the forecast period.
  • By application, the global tire bead wire market is categorized into passenger vehicle tire, commercial vehicle tire, motorcycle tire, bicycle tire, and others. The passenger vehicle tire segment held the highest market share in 2021 and is projected to dominate the global market in the near future.
  • By region, Asia-Pacific was the highest revenue contributor to the market in 2021, accounting for a market size of $596.7 million.

Companies Mentioned

  • AARTI STEELS LIMITED
  • Jiangsu Xingda Steel Tyre Cord Co.Ltd
  • Rajratan Global Wire Ltd
  • shanghai metal corporation
  • Tianjin Bladder Technology Co.,Ltd.
  • bekaert
  • HBT RUBBER INDUSTRIAL CO., LTD
  • kiswire inc.
  • Shandong Daye
  • SNTAI INDUSTRIAL GROUP LTD

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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About the Tire Bead Wire Market

The Tire Bead Wire market is a segment of the automotive tire industry. Tire bead wire is a steel wire used to form the bead of a tire, which is the part of the tire that fits onto the wheel rim. Tire bead wire is typically made of high-tensile steel and is designed to provide a secure fit between the tire and the wheel rim. The tire bead wire market is driven by the increasing demand for automotive tires, as well as the need for improved tire performance and safety. The tire bead wire market is highly competitive, with a number of manufacturers offering a range of products. Major players in the market include Bridgestone, Goodyear, Michelin, Pirelli, Continental, Sumitomo, and Yokohama. Other companies in the market include Toyo, Hankook, Kumho, and Nokian. Show Less Read more

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