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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
Tire reinforcement sometimes includes steel cord, which increases tyre strength and tensile durability. Steel cord is created by twisting a number of wire strands together to create a single cord. Typically, high-strength steel, like carbon steel or stainless steel, is used to create the wire strands.
There are several benefits to using steel cord for tyre reinforcing. It offers a high level of tensile strength, enhancing the tire's endurance and resistance to damage and punctures. Moreover, it offers a lot of stiffness, which enhances the tire's handling and stability.
Radial tyres, the most popular kind of tyre used on contemporary automobiles, typically make use of steel cord. Steel strands that run perpendicular to the tire's direction of travel are incorporated into the rubber compound of radial tyres.
Its design aids in more evenly distributing the vehicle's weight across the tire's surface, enhancing handling and extending tyre life.Overall, steel cable is an essential part of tyre manufacturing because it gives tyres the strength, stiffness, and durability needed to maintain their optimal performance.
Global steel cord for tire reinforcement market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
At its steel tyre cord plant in Thailand, Jiangsu Xingda Steel Tyre Cord Co. Ltd has begun an RM expansion project.
The unit's construction is anticipated to be finished in less than months, and it has a designed production capacity of 200 kilotonnes per annum (ktpa) of steel cable.
According to a corporate statement sent on, the investment is meant to "grow its global footprint and better meet the demand of its foreign clientele."
The project has now received official approval from China's National Development and Reform Commission, claims Xingda, situated in Xinghua City.
With a 100ktpa steel cable production capability, Xingda, a global producer of tyre reinforcement supplies, opened a plant in Thailand.
According to reports, the factory makes products for tyre manufacturers in Southeast Asia, India, the Americas, and Europe using cutting-edge production machinery and technology
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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