The tire cord market will grow at a CAGR of 5.08% from 2021 to 2026 | Growing number of car buyers set to fuel growth | 17,000+ Technavio reports

Tire Cord Market 2022-2026: Scope

Technavio presents a detailed picture of the market through study, synthesis and summation of data from multiple sources. Our Tire Cord Market Report covers the following areas:

Tire cord market 2022-2026: drivers and challenges

the increasing number of car buyers, performance advantages of tire cord, and advances in tire manufacturing technology will offer immense growth opportunities. However, it is Commodity price volatility will challenge the growth of market participants. The holistic analysis of drivers and challenges helps in deriving end goals and refining marketing strategies in order to achieve a competitive advantage. To make the most of the opportunities, market providers should focus more on the growth prospects in the fast growing segments and maintain their positions in the slow growing segments.

Tire Cord Market 2022-2026: Segmentation

  • material
  • geography
    • APAC
    • Europe
    • North America
    • South America
    • MEA

Tire Cord Market 2022-2026: Key Regions and Revenue Segment

67% of the market will grow out APAC in the forecast period. China, Thailand, and Japan are the key markets for tire cord in APAC. The market growth in this region will be faster than the market growth in Europe, MEA and North America. The high-volume sales of hybrid passenger cars with brake-by-wire systems will support the growth of the tire cord market in APAC over the forecast period.

the Tire cord market share growth by the Steel segment will be important for generating sales. Steel tire cords are the most preferred tire cords because steel provides better stability, reduces drag, and improves overall vehicle performance. Using steel in tires lowers tire costs and helps control tire weight. In addition, it protects tires from excessive friction and improves the fuel efficiency of cars.

The Technavio market research report has in-depth information on competitive intelligence, segmentation, marketing gaps, and regional opportunity offered by vendors to help create efficient business plans.

Tire Cord Market 2022-2026: The Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • – Detailed information on factors that will support the growth of the tire cord market over the next five years
  • Estimate of the Tire Cord market size and its contribution to the parent market
  • Predicting upcoming trends and changes in consumer behavior
  • Analysis of the competitive landscape of the market and detailed information on providers
  • – Full disclosure of factors questioning the growth of Tire Cord Market vendors

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Market size for tire cord

Report coverage

details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth dynamics & CAGR

Accelerate with a CAGR of 5.08%

Market growth 2022-2026

$ 1.92 billion

Market structure

Fragmented

YoY Growth (%)

0.93

Regional analysis

APAC, Europe, North America, South America and MEA

Contribute to the market

APAC at 67%

Main consumer countries

China, USA, Thailand, Japan and Germany

Competitive landscape

Leading companies, competitive strategies, level of consumer engagement

Company profile

Asahi Kasei Corp., Century Enka Ltd., COLMANT COATED FABRICS, Hyosung Corp., Indorama Ventures Public Co. Ltd., Kolon Industries Inc., Kordsa Teknik Tekstil AS, SRF Ltd., Teijin Ltd. and Toray Hybrid Cord Inc.

Market dynamics

Overall market analysis, market growth factors and barriers, analysis of fast growing and slow growing segments, impact of COVID-19 and future consumer dynamics, analysis of market conditions for the forecast period,

Adjustment area

If our report doesn’t contain the data you are looking for, you can contact our analysts and customize segments.

about us

Technavio is a leading global technology research and consulting company. Her research and analysis focuses on emerging market trends and provides actionable insights to help companies identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialist analysts, Technavio’s report library consists of more than 17,000 reports and includes more than 800 technologies in 50 countries. Her customer base consists of companies of all sizes, including more than 100 Fortune 500 companies. This growing customer base relies on Technavio’s extensive coverage, extensive research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive position in changing market scenarios.

Contact

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