Global Tire Cord Fabrics Market 2022-2026

Global Tire Cord Fabrics Market 2022-2026

Technavio has been monitoring the tire cord fabrics market and it is poised to grow by $ 528.89 mn during 2022-2026 progressing at a CAGR of 3.59% during the forecast period. Our report on the tire cord fabrics market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising number of automobile buyers, performance advantages of tire cord fabrics, and advancements in tire manufacturing technology.

The tire cord fabrics market analysis includes the application segment and geographic landscape.

Technavio's tire cord fabrics market is segmented as below:

By Application

• Replacement
• OEM

By Geographical Landscape

• APAC
• Europe
• North America
• South America
• Middle East and Africa

This study identifies the increasing demand for and sales of electric vehicles globally as one of the prime reasons driving the tire cord fabrics market growth during the next few years. Also, EU regulations on tire pressure monitoring system (TPMS) and increasing mergers and acquisitions and partnerships will lead to sizable demand in the market.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on tire cord fabrics market covers the following areas:

• Tire cord fabrics market sizing
• Tire cord fabrics market forecast
• Tire cord fabrics market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading tire cord fabrics market vendors that include Asahi Kasei Corp., Benninger AG, Century Enka Ltd., COLMANT COATED FABRICS, Cordenka GmbH and Co. KG, FORMOSA TAFFETA CO. LTD., Hyosung Corp., Indorama Ventures Public Co. Ltd., Junma Tyre Cord Co. Ltd., Kolon Industries Inc., Kordsa Teknik Tekstil AS, Madura Industrial Textiles Ltd., NV Bekaert SA, Sohrab Group, SRF Ltd., Teijin Ltd., Toray Industries Inc., and Milliken and Co. Also, the tire cord fabrics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Companies Mentioned

Asahi Kasei Corp., Benninger AG, Century Enka Ltd., COLMANT COATED FABRICS, Cordenka GmbH and Co. KG, FORMOSA TAFFETA CO. LTD., Hyosung Corp., Indorama Ventures Public Co. Ltd., Junma Tyre Cord Co. Ltd., Kolon Industries Inc., Kordsa Teknik Tekstil AS, Madura Industrial Textiles Ltd., NV Bekaert SA, Sohrab Group, SRF Ltd., Teijin Ltd., Toray Industries Inc., Milliken and Co.