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Global Steel Cord Market Growth 2019-2024
SKU ID : LPI-13801927 | Publishing Date : 31-Jan-2019 | No. of pages : 159
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.
First, for industry structure analysis, the Steel Cord industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 64 % of the revenue market. Regionally, Asia-Pacific is the biggest revenue market, also the leader in the whole Steel Cord industry.
Second, the Steel Cord industry market is not concentrated as the manufacturing technology of Steel Cord is relatively matures than some high-tech equipment. More than 70% Steel Cord is Normal Tensile (NT), followed by High Tensile (HT), which occupied about 22% sales market share.
Third, the sales of Steel Cord increased from 2627 K MT in 2013 to 3231 K MT in 2016 with an average growth rate of 7.1%.
According to this study, over the next five years the Steel Cord market will register a 5.8% CAGR in terms of revenue, the global market size will reach US$ 7520 million by 2024, from US$ 5360 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Steel Cord business, shared in Chapter 3.
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.
This study considers the Steel Cord value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Normal Tensile (NT)
High Tensile (HT)
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Car Use
Freight Car Use
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Steel Cord consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Steel Cord market by identifying its various subsegments.
Focuses on the key global Steel Cord manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Steel Cord with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Steel Cord submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
First, for industry structure analysis, the Steel Cord industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 64 % of the revenue market. Regionally, Asia-Pacific is the biggest revenue market, also the leader in the whole Steel Cord industry.
Second, the Steel Cord industry market is not concentrated as the manufacturing technology of Steel Cord is relatively matures than some high-tech equipment. More than 70% Steel Cord is Normal Tensile (NT), followed by High Tensile (HT), which occupied about 22% sales market share.
Third, the sales of Steel Cord increased from 2627 K MT in 2013 to 3231 K MT in 2016 with an average growth rate of 7.1%.
According to this study, over the next five years the Steel Cord market will register a 5.8% CAGR in terms of revenue, the global market size will reach US$ 7520 million by 2024, from US$ 5360 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Steel Cord business, shared in Chapter 3.
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.
This study considers the Steel Cord value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Normal Tensile (NT)
High Tensile (HT)
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Passenger Car Use
Freight Car Use
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
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
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Steel Cord consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Steel Cord market by identifying its various subsegments.
Focuses on the key global Steel Cord manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Steel Cord with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Steel Cord submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
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