Industry Background:
Tyre Bead Wire is high-carbon-content coated steel wire used in all kinds of automobile tyres, tyres of earthmoving equipment’s and aircraft. It is mainly used in the tyre bead as the framework material for reinforcement. These wires are used as reinforcement in radial and conventional tires. These wires provide high strength, flexibility, and fatigue properties due to which it is used in the tyre bead as the reinforcing materials. The rapidly growing automotive industry is expected to drive demand for tyre bead wire in the forecasted years.This growth is primarily driven by High Adhesion and High Tensile Strength and Growing Use in Automotive Tyres.
Globally, a noticeable market trend is evident Trend For Reinforcement of the Rim. Major Vendors, such as Tata Steel (India), N.V. Bekaert S.A. (Belgium), KIS Wire (South Korea), Rajratan Global Wire Limited (India), Heico Wire Group (United States), WireCo WorldGroup (United States), Shandong Daye Co., Ltd. (China), Jiangsu Xingda Steel Tyre Cord Co., Ltd. (China), GUIZHOU WIRE ROPE CO., LTD (China), King Industrial (Canada), Shanghai Metal Corporation (China) and Aarti Steels Ltd.(India) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2019, Xingda Steel Tyre Cord expanded its footprint in Europe by establishing a new an office in Luxembourg. This enables the company to provide it to better serve European customers.
Market Drivers
- High Adhesion and High Tensile Strength
- Growing Use in Automotive Tyres
Market Trend
- Trend For Reinforcement of the Rim
Restraints
- Fluctuating Raw Material Prices
Opportunities
Upsurge of Passenger Vehicles, Increasing Demand for Aircraft Applications and Increasing Use of Copper and Bronze Coated Tyre Bead Wire to Ensures Proper Adhesion
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Tyre Bead Wire Study Sheds Light on
The Tyre Bead Wire Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Tyre Bead Wire industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Tyre Bead Wire industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.