글로벌 타이어 코드 시장 – 2029년까지의 산업 동향 및 예측

시장 분석 및 규모

타이어 코드는 고무 타이어 에 강력한 지지력을 제공하는 데 필수적입니다 . 타이어 코드는 지지력을 제공하고 타이어 모양을 유지하는 데 도움이 됩니다. 차량의 전체 무게를 흡수하고 신장 및 흡수 성능을 제공합니다. 타이어 코드는 타이어의 실질적인 구조적 구성 요소입니다.

Data Bridge Market Research에 따르면 타이어코드 시장 규모는 2021년에 77억 6천만 달러에 달했으며, 2029년까지 135억 3천만 달러 규모로 성장할 것으로 예상됩니다. 2022년부터 2029년까지의 예측 기간 동안 연평균 성장률은 7.20%입니다.

시장 정의

타이어 코드는 고품질 원단 원사로 만든 직물 유형입니다. 높은 인장 강도, 내마모성 및 제어된 변형이 있습니다. 강철 폴리에스터, 나일론 및 레이온 코드가 가장 일반적인 유형의 타이어 코드입니다. 타이어 코드는 원사 꼬임, 디핑 및 직조와 같은 다양한 공정을 사용하여 만들어집니다. 도로 주행 중에 타이어 코드는 극한의 압력, 무게 및 힘으로부터 충격 저항성을 제공합니다.

보고 범위 및 시장 세분화

Global Tire Cord Market Dynamics

Drivers

• Growing demand from the automotive sector

For safe and secure travel, the automotive industry is heavily reliant on tires and tire products. This is expected to drive tire cord demand during the forecast period. Tire cords improve vehicle performance and fuel consumption by absorbing a greater amount of weight and pressure for a longer period of time. Tire cord is an important part of vehicle performance because it improves fuel efficiency. The global demand for fuel-efficient vehicles is expected to boost the global tire cords market. The rising popularity of electric vehicles, luxury and premium vehicles, and self-driving cars in the automotive industry is expected to boost the tire cord market during the forecast period.

• The growing emphasis on reducing greenhouse gas emissions

Tire cord fabrics are primarily used in the tire manufacturing process as a reinforcing material to provide controlled deformation, high strength, and abrasion resistance properties to the end product. These fabrics are also used in the manufacture of rubber hose, air springs, expansion joints, and conveyor belts, among other things. Growing emphasis on reducing greenhouse gas emissions, as well as rising demand for economical fuel-efficient vehicles, are some of the factors expected to drive market growth over the forecast period.

Opportunity

The increasing penetration of electric vehicles is expected to boost demand. Traditional tires on electric vehicles (EV) wear out about 30% faster than conventional tires. As a result, aramid fibres are being used by manufacturers to create extremely lightweight and wear-resistant tires for the electric vehicle industry. The nylon tire cord fabric is dominating the U.S. market. Widespread product utilisation in the production of lightweight, wear-resistant tires for passenger cars, SUVs, trucks, and aircraft is expected to be the primary factor driving growth in the coming years.

Restraints

Fluctuating raw material prices, as well as increased competition among players, are expected to stymie the growth of the tire cord market during the forecast period. Over the forecast period, the preference for re-treading in the commercial vehicle segment is expected to have a negative impact on market growth.

This tire cord market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Tire Cord market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Tire Cord Market

The global economy has been severely harmed by the coronavirus pandemic. The COVID-19 pandemic has had a negative impact on demand for all types of vehicles. As a result, the demand for tire cords has declined. However, demand for automobiles has gradually returned to normalcy following the lockdowns. This is expected to boost tire cord sales during the forecast period.

Recent Development

• Indorama Ventures Company Limited (IVL) purchased Kordarna Plus S.A. in October 2020. The acquisition will allow the companies to broaden their product portfolio and strengthen their market position.
• Indorama Ventures Company Limited (IVL) purchased the tire cord and single-end cord businesses of Glanzstoff Group (Netherlands) in June 2019. The acquisition will allow the company to strengthen its position in the auto segment's rayon, nylon 6.6, and polyester businesses.
• Indorama Ventures Company Limited (IVL) expanded its tire cord manufacturing line at its Performance Fibers facility in Kaiping, Guangdong Province, China, in January 2021. The company's presence in the high-value-added automotive safety market will be strengthened as a result of the expansion.

Global Tire Cord Market Scope

The tire cord market is segmented on the basis of material, tire type and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Material

• Steel Cord
• Polyester
• Nylon
• Rayon
• Aramid
• Others

Tire Type

• Radial tire
• Biased tire

Application

• Aerospace
• Passenger Cars
• Light Commercial Vehicles
• Heavy Duty Vehicles
• Two Wheelers
• Tractors
• Others
• 3 wheelers
• Mining machinery

Tire Cord Market Regional Analysis/Insights

The tire cord market is analysed and market size insights and trends are provided by country, material, tire type and application as referenced above.

The countries covered in the tire cord market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa.

Asia-Pacific consumes the most tire cords, followed by North America and Europe. Increased demand for automobiles in China, Japan, and South Korea is expected to boost demand for tire cords in Asia Pacific during the forecast period. Increased demand for electric vehicles and SUVs in the automotive industry in Asia Pacific developing economies such as China, India, and Indonesia is expected to provide lucrative opportunities for tire and tire cord manufacturers in the region. Because of the presence of well-established automotive suppliers and manufacturers in these regions, the market in North America and Europe is expected to expand at a moderate pace in the near future.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Tire Cord Market Share Analysis

The tire cord market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to tire cord market.

Some of the major players operating in the tire cord market are:

• WABCO (Belgium)
• EnPro Industries (US)
• MICHELIN. (France)
• The Goodyear Tire & Rubber Company (US)
• Dana Incorporated (US)
• SAF-HOLLAND (Luxembourg)
• IDEX Corporation (US)
• The Boler Company (US)
• PERIA TECHNOLOGIES, INC. (US)
• Bridgestone Corporation (Japan)
• Continental AG (Germany)
• Meritor, Inc. (US)
• CODA Development (US)
• Hendrickson USA, L.L.C. (US)
• Pirelli and C. S.p.A. (Italy)
• STEMCO Products Inc. (US)
• Hankook Tire (South Korea)
• Pressure Systems International, Inc. (US)
• DENSO CORPORATION (Japan)
• Haltec Corporation (US)
• Michelin North America Inc. (US)
• ti.systems GmbH (Germany)
• PressureGuard (US)

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