Global Steel Cord For Tire Reinforcement Market 2023-2030

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    GLOBAL STEEL CORD FOR TIRE REINFORCEMENT MARKET

     

    INTRODUCTION

    Tire reinforcement sometimes includes steel cord, which increases tyre strength and tensile durability. Steel cord is created by twisting a number of wire strands together to create a single cord. Typically, high-strength steel, like carbon steel or stainless steel, is used to create the wire strands.

     

    There are several benefits to using steel cord for tyre reinforcing. It offers a high level of tensile strength, enhancing the tire’s endurance and resistance to damage and punctures. Moreover, it offers a lot of stiffness, which enhances the tire’s handling and stability.

     

    Radial tyres, the most popular kind of tyre used on contemporary automobiles, typically make use of steel cord. Steel strands that run perpendicular to the tire’s direction of travel are incorporated into the rubber compound of radial tyres.

     

    Its design aids in more evenly distributing the vehicle’s weight across the tire’s surface, enhancing handling and extending tyre life.Overall, steel cable is an essential part of tyre manufacturing because it gives tyres the strength, stiffness, and durability needed to maintain their optimal performance.

     

    GLOBAL STEEL CORD FOR TIRE REINFORCEMENT MARKET SIZE AND FORECAST

     

    Infographic: Steel Cord For Tire Reinforcement Market , Steel Cord For Tire Reinforcement Market Size, Steel Cord For Tire Reinforcement Market Trends, Steel Cord For Tire Reinforcement Market Forecast, Steel Cord For Tire Reinforcement Market Risks, Steel Cord For Tire Reinforcement Market Report, Steel Cord For Tire Reinforcement Market Share

     

     

    Global steel cord for tire reinforcement market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.

     

    NEW PRODUCT LAUNCH

    At its steel tyre cord plant in Thailand, Jiangsu Xingda Steel Tyre Cord Co. Ltd has begun an RM expansion project.

     

    The unit’s construction is anticipated to be finished in less than months, and it has a designed production capacity of 200 kilotonnes per annum (ktpa) of steel cable.

     

    According to a corporate statement sent on, the investment is meant to “grow its global footprint and better meet the demand of its foreign clientele.”

     

    The project has now received official approval from China’s National Development and Reform Commission, claims Xingda, situated in Xinghua City.

     

    With a 100ktpa steel cable production capability, Xingda, a global producer of tyre reinforcement supplies, opened a plant in Thailand.

     

    According to reports, the factory makes products for tyre manufacturers in Southeast Asia, India, the Americas, and Europe using cutting-edge production machinery and technology

     

    COMPANY PROFILE

     

    THIS REPORT WILL ANSWER FOLLOWING QUESTIONS

    1. How many steel cord for tire reinforcement are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global steel cord for tire reinforcement and key vendor selection criteria
    3. Where is the steel cord for tire reinforcement manufactured? What is the average margin per unit?
    4. Market share of Global steel cord for tire reinforcement market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global steel cord for tire reinforcement in-house
    6. key predictions for next 5 years in Global steel cord for tire reinforcement market
    7. Average B-2-B steel cord for tire reinforcement market price in all segments
    8. Latest trends in steel cord for tire reinforcement market, by every market segment
    9. The market size (both volume and value) of the steel cord for tire reinforcement market in 2023-2030 and every year in between?
    10. Production breakup of steel cord for tire reinforcement market, by suppliers and their OEM relationship

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
     
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