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.
Market Insights
Due to the COVID-19 pandemic, the global Bead Wire market size is estimated to be worth US$ 946.1 million in 2021 and is forecast to a readjusted size of US$ 1000.3 million by 2028 with a CAGR of 0.8% during the review period.
The main manufacturers of bead wire include Bekaert, Kiswire, Xingda, Hyosung and Rajratan. The top three companies account for more than 55% of the market.
China is the main market, accounting for about 60%, followed by Europe at about 15%.
Segment Scope
An intensive study of key type and application segments has been done in this segmentation section. The authors of the report have provided reliable figures including sales and revenue forecast data by type and application for the period 2017-2028. They have also studied how the segments are gaining or losing growth in various geographies and their respective countries. Thanks to this study, readers can thoroughly grasp the growth pattern and potential of different segments.
Segment by Type
0.78~1.60 mm
1.65~1.83 mm
Above 1.83 mm
Segment by Application
Radial Tire
Bias Tire
Regional Scope
This segment of the report offers a thorough regional study of the global Bead Wire market. Drivers and restraints for each region are broadly examined in the report. Readers will get familiar with the driving forces and challenges that are specific to the regions. The specialists have identified growth opportunities in key geographical regions and their respective countries to aid players to reinforce their presence. All the regions and their countries in the report are assessed based on the growth rate, revenue, and sales volume according to the consumption for the period 2017-2028. This geographical analysis will help readers to gain in-depth knowledge of the regional growth. The key geographical regions surveyed in this research report involve North America, Europe, Asia Pacific, Central and South America, and Middle East and Africa. The report has specifically covered major countries including United States, Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia, Mexico, Brazil, Turkey, Saudi Arabia, UAE, etc.
Key Players
This section has provided an exhaustive analysis of the strategies that the companies are focusing on to stay ahead of other players. The strategies mainly involve research and development, new product developments, and mergers and acquisitions. The researchers have also provided revenue shares of the key companies, company overview, and the latest company developments so as to help players to sustain the cutthroat competition. In this section, the report offers global revenue and sales data of manufacturers for the period 2017-2022.
Following is the list of key manufacturers observed in this research study
Bekaert
Kiswire
Hyosung
Rajratan
Heico Wire Group
TATA Steel
WireCo WorldGroup
Shandong Daye
Langgeng Bajapratama, PT
Xingda
Snton
Guizhou Wire Rope
King Industrial
Shengda Steel Co., Ltd.
Hubei Fuxing Science and Technology ., Ltd.
Zibo Chuangda Industry Co.,Ltd.
Zhejiang Tianlun Steel Wire Co., Ltd.
Tokyo Rope Mfg.Co.,
Frequently Asked Questions
Which application segment captured the leading share in the Bead Wire market
How fragmented is the Bead Wire market
Which are the key growth drivers in the Bead Wire market
Which are the top strategies undertaken by the Bead Wire market players
Which technological trends are likely to affect the Bead Wire market
What is the expected Bead Wire market size by 2028
Which companies are dominating the Bead Wire market
Which region is projected to witness the fastest growth in the future
What factors are restraining the Bead Wire market growth
Which are the emerging companies in the Bead Wire market
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