Global Tyre Bead Wire Market Outlook 2022

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.
China is the largest Tyre Bead Wire market with about 30% market share. Europe is follower, accounting for about 24% market share.The key manufacturers are Bekaert, Kiswire, Rajratan, Shandong Daye etc. Top 3 companies occupied about 53% market share.

Market Analysis and Insights: Global Tyre Bead Wire Market
The global Tyre Bead Wire market was valued at US$ 1220 million in 2020 and it is expected to reach US$ 1413.2 million by the end of 2027, growing at a CAGR of 2.3% during 2021-2027.

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. by Application segment also provides consumption during the forecast period of 2016 to 2027. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type
0.78-1.60 mm
1.65-1.83 mm
Above 1.83 mm

Segment by Application
Radial Tire
Bias Tire

By Company
Bekaert
Kiswire
Rajratan
Shandong Daye

Production by Region
North America
Europe
China
Japan
South Korea
India

Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
China Taiwan
Indonesia
Thailand
Malaysia
Latin America
Mexico
Brazil
Argentina
Middle East & Africa
Turkey
Saudi Arabia
UAE