Global Bead Wire Market Growth 2023-2029

Global Bead Wire Market Growth 2023-2029

Tyre Bead wire is the steel wire made of high-carbon steel whose surface is plated with brass or bronze. It has a high strength, a good flexibility, a supreme fatigue property and an excellent linearity, which can be adhered to the rubber easily, and is mainly used in the tyre bead as the reinforcing materials. This product prevents tyre from changing shape due to air pressure or external forces. It is widely used in Bicycle & Motorcycle Tyre, Passenger Car Tyre, Light Truck Tyre, Truck & Bus Tyre, Plane Tyre etc.
LPI (LP Information)' newest research report, the “Bead Wire Industry Forecast” looks at past sales and reviews total world Bead Wire sales in 2022, providing a comprehensive analysis by region and market sector of projected Bead Wire sales for 2023 through 2029. With Bead Wire sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Bead Wire industry.
This Insight Report provides a comprehensive analysis of the global Bead Wire landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Bead Wire portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Bead Wire market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Bead Wire and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Bead Wire.
The global Bead Wire market size is projected to grow from US$ 932.9 million in 2022 to US$ 1180.7 million in 2029; it is expected to grow at a CAGR of 1180.7 from 2023 to 2029.
The main manufacturers of bead wire include Bekaert, Shandong Daye, Xingda, Snton and Tata Steel. The top three companies account for more than 55% of the market.
China is the main market, accounting for about 60%, followed by Europe at about 15%.
This report presents a comprehensive overview, market shares, and growth opportunities of Bead Wire market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
0.78~1.60 mm
1.65~1.83 mm
Above 1.83 mm
Segmentation by application
Radial Tire
Bias Tire
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Bekaert
Kiswire
Rajratan
Shandong Daye
Key Questions Addressed in this Report
What is the 10-year outlook for the global Bead Wire market?
What factors are driving Bead Wire market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Bead Wire market opportunities vary by end market size?
How does Bead Wire break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.