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 Analysis and Insights: Global Bead Wire Market
Due to the COVID-19 pandemic, the global Bead Wire market size is estimated to be worth US$ 953.6 million in 2022 and is forecast to a readjusted size of US$ 1000.3 million by 2028 with a CAGR of 0.8% during the review period. Fully considering the economic change by this health crisis, 0.78~1.60 mm accounting for % of the Bead Wire global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR in the post-COVID-19 period. While Radial Tire segment is altered to an % CAGR throughout this forecast 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%.
Global 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 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
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 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 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. 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
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.,
Production by Region
North America
Europe
China
Asia (Ex. China)
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina