The global Tyre Bead Wire market was valued at US$ 1196.8 million in 2019 and it is expected to reach US$ 1407.8 million by the end of 2026, growing at a CAGR of 2.3% during 2021-2026.
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.
Of the major players of Tyre Bead Wire, Bekaert its first place in the ranking In 2018. Bekaert accounted for 27.66 % of Thailand Tyre Bead Wire sales volume market share In 2018. Other players accounted for 24.12%, 20.87% and 12.87 % including Kiswire, Rajratan and Shandong Daye.
Global Tyre Bead Wire Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Tyre Bead Wire Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Bekaert, Kiswire, Rajratan, Shandong Daye and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-tyre-bead-wire-market-research-report
Segment by Type
- 78-1.60 mm
- 65-1.83 mm
- Above 1.83 mm
Segment by Application
- Radial Tire
- Bias Tire
Table of Content:
1 Tyre Bead Wire Market Overview
2 Market Competition by Manufacturers
3 Production and Capacity by Region
4 Global Tyre Bead Wire Consumption by Region
5 Production, Revenue, Price Trend by Type
6 Consumption Analysis by Application
7 Key Companies Profiled
8 Tyre Bead Wire Manufacturing Cost Analysis
9 Marketing Channel, Distributors and Customers
10 Market Dynamics
11 Production and Supply Forecast
12 Consumption and Demand Forecast
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta