Global Steel Cord Market Growth 2023-2029

Global Steel Cord Market Growth 2023-2029

Steel cord is the fine steel wire strand or rope for special purposes, which are made of superior high-carbon steel and whose surface is plated with brass. Steel cord is a Freight Car Use mainly reinforcing the casting and at the same time keeping the tire flexible enough to resist shocks and to improve comfort of tires.

LPI (LP Information)' newest research report, the “Steel Cord Industry Forecast” looks at past sales and reviews total world Steel Cord sales in 2022, providing a comprehensive analysis by region and market sector of projected Steel Cord sales for 2023 through 2029. With Steel Cord sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Cord industry.

This Insight Report provides a comprehensive analysis of the global Steel Cord 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 Steel Cord portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Steel Cord market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Cord 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 Steel Cord.

The global Steel Cord market size is projected to grow from US$ 4935.1 million in 2022 to US$ 7079.8 million in 2029; it is expected to grow at a CAGR of 7079.8 from 2023 to 2029.

Global Steel Cord key manufacturers include Bekaert, Jiangsu Xingda Steel Cord, ArcelorMittal, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen, Tokyo Rope MFG and Hubei Fuxing New Material, etc. Global top 3 players hold a share over 50 percent in 2019.

This report presents a comprehensive overview, market shares, and growth opportunities of Steel Cord market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Normal Tensile (NT)

High Tensile (HT)

Super Tensile (ST)

Ultra Tensile (UT)

Segmentation by application

Freight Car Use

Passenger Car Use

Others

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

Jiangsu Xingda Steel Cord

ArcelorMittal

Hyosung

Shandong SNTON Steel Cord

Bridgestone

Shougang Century

Tokusen

Tokyo Rope MFG

Hubei Fuxing New Material

BMZ

Henan Hengxing

Junma Tyre Cord

Sumitomo Electric Industries

Sodetal

Key Questions Addressed in this Report

What is the 10-year outlook for the global Steel Cord market?

What factors are driving Steel Cord market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Steel Cord market opportunities vary by end market size?

How does Steel Cord 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.