According to our LPI (LP Information) latest study, the global Steel Cord market size was valued at US$ 4935.1 million in 2023. With growing demand in downstream market, the Steel Cord is forecast to a readjusted size of US$ 7079.8 million by 2030 with a CAGR of 5.3% during review period.
The research report highlights the growth potential of the global Steel Cord market. Steel Cord are expected to show stable growth in the future market. However, product differentiation, reducing costs, and supply chain optimization remain crucial for the widespread adoption of Steel Cord. Market players need to invest in research and development, forge strategic partnerships, and align their offerings with evolving consumer preferences to capitalize on the immense opportunities presented by the Steel Cord market.
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.
Global Steel Cord key manufacturers include Bekaert, Jiangsu Xingda Steel Cord, ArcelorMittal, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen, Tokyo Rope MFG and Hubei Fuxing New Material, etc. Global top 3 players hold a share over 50 percent in 2019.
Key Features:
The report on Steel Cord market reflects various aspects and provide valuable insights into the industry.
Market Size and Growth: The research report provide an overview of the current size and growth of the Steel Cord market. It may include historical data, market segmentation by Type (e.g., Normal Tensile (NT), High Tensile (HT)), and regional breakdowns.
Market Drivers and Challenges: The report can identify and analyse the factors driving the growth of the Steel Cord market, such as government regulations, environmental concerns, technological advancements, and changing consumer preferences. It can also highlight the challenges faced by the industry, including infrastructure limitations, range anxiety, and high upfront costs.
Competitive Landscape: The research report provides analysis of the competitive landscape within the Steel Cord market. It includes profiles of key players, their market share, strategies, and product offerings. The report can also highlight emerging players and their potential impact on the market.
Technological Developments: The research report can delve into the latest technological developments in the Steel Cord industry. This include advancements in Steel Cord technology, Steel Cord new entrants, Steel Cord new investment, and other innovations that are shaping the future of Steel Cord.
Downstream Procumbent Preference: The report can shed light on customer procumbent behaviour and adoption trends in the Steel Cord market. It includes factors influencing customer ' purchasing decisions, preferences for Steel Cord product.
Government Policies and Incentives: The research report analyse the impact of government policies and incentives on the Steel Cord market. This may include an assessment of regulatory frameworks, subsidies, tax incentives, and other measures aimed at promoting Steel Cord market. The report also evaluates the effectiveness of these policies in driving market growth.
Environmental Impact and Sustainability: The research report assess the environmental impact and sustainability aspects of the Steel Cord market.
Market Forecasts and Future Outlook: Based on the analysis conducted, the research report provide market forecasts and outlook for the Steel Cord industry. This includes projections of market size, growth rates, regional trends, and predictions on technological advancements and policy developments.
Recommendations and Opportunities: The report conclude with recommendations for industry stakeholders, policymakers, and investors. It highlights potential opportunities for market players to capitalize on emerging trends, overcome challenges, and contribute to the growth and development of the Steel Cord market.
Market Segmentation:
Steel Cord market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Segmentation by type
Normal Tensile (NT)
High Tensile (HT)
Super Tensile (ST)
Ultra Tensile (UT)
Segmentation by application
Freight Car Use
Passenger Car Use
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
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
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steel Cord market?
What factors are driving Steel Cord market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steel Cord market opportunities vary by end market size?
How does Steel Cord break out type, application?

1 Scope of the Report 1.1 Market Introduction 1.2 Years Considered 1.3 Research Objectives 1.4 Market Research Methodology 1.5 Research Process and Data Source 1.6 Economic Indicators 1.7 Currency Considered 1.8 Market Estimation Caveats 2 Executive Summary 2.1 World Market Overview 2.1.1 Global Steel Cord Annual Sales 2019-2030 2.1.2 World Current & Future Analysis for Steel Cord by Geographic Region, 2019, 2023 & 2030 2.1.3 World Current & Future Analysis for Steel Cord by Country/Region, 2019, 2023 & 2030 2.2 Steel Cord Segment by Type 2.2.1 Normal Tensile (NT) 2.2.2 High Tensile (HT) 2.2.3 Super Tensile (ST) 2.2.4 Ultra Tensile (UT) 2.3 Steel Cord Sales by Type 2.3.1 Global Steel Cord Sales Market Share by Type (2019-2024) 2.3.2 Global Steel Cord Revenue and Market Share by Type (2019-2024) 2.3.3 Global Steel Cord Sale Price by Type (2019-2024) 2.4 Steel Cord Segment by Application 2.4.1 Freight Car Use 2.4.2 Passenger Car Use 2.4.3 Others 2.5 Steel Cord Sales by Application 2.5.1 Global Steel Cord Sale Market Share by Application (2019-2024) 2.5.2 Global Steel Cord Revenue and Market Share by Application (2019-2024) 2.5.3 Global Steel Cord Sale Price by Application (2019-2024) 3 Global Steel Cord by Company 3.1 Global Steel Cord Breakdown Data by Company 3.1.1 Global Steel Cord Annual Sales by Company (2019-2024) 3.1.2 Global Steel Cord Sales Market Share by Company (2019-2024) 3.2 Global Steel Cord Annual Revenue by Company (2019-2024) 3.2.1 Global Steel Cord Revenue by Company (2019-2024) 3.2.2 Global Steel Cord Revenue Market Share by Company (2019-2024) 3.3 Global Steel Cord Sale Price by Company 3.4 Key Manufacturers Steel Cord Producing Area Distribution, Sales Area, Product Type 3.4.1 Key Manufacturers Steel Cord Product Location Distribution 3.4.2 Players Steel Cord Products Offered 3.5 Market Concentration Rate Analysis 3.5.1 Competition Landscape Analysis 3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2019-2024) 3.6 New Products and Potential Entrants 3.7 Mergers & Acquisitions, Expansion 4 World Historic Review for Steel Cord by Geographic Region 4.1 World Historic Steel Cord Market Size by Geographic Region (2019-2024) 4.1.1 Global Steel Cord Annual Sales by Geographic Region (2019-2024) 4.1.2 Global Steel Cord Annual Revenue by Geographic Region (2019-2024) 4.2 World Historic Steel Cord Market Size by Country/Region (2019-2024) 4.2.1 Global Steel Cord Annual Sales by Country/Region (2019-2024) 4.2.2 Global Steel Cord Annual Revenue by Country/Region (2019-2024) 4.3 Americas Steel Cord Sales Growth 4.4 APAC Steel Cord Sales Growth 4.5 Europe Steel Cord Sales Growth 4.6 Middle East & Africa Steel Cord Sales Growth 5 Americas 5.1 Americas Steel Cord Sales by Country 5.1.1 Americas Steel Cord Sales by Country (2019-2024) 5.1.2 Americas Steel Cord Revenue by Country (2019-2024) 5.2 Americas Steel Cord Sales by Type 5.3 Americas Steel Cord Sales by Application 5.4 United States 5.5 Canada 5.6 Mexico 5.7 Brazil 6 APAC 6.1 APAC Steel Cord Sales by Region 6.1.1 APAC Steel Cord Sales by Region (2019-2024) 6.1.2 APAC Steel Cord Revenue by Region (2019-2024) 6.2 APAC Steel Cord Sales by Type 6.3 APAC Steel Cord Sales by Application 6.4 China 6.5 Japan 6.6 South Korea 6.7 Southeast Asia 6.8 India 6.9 Australia 6.10 China Taiwan 7 Europe 7.1 Europe Steel Cord by Country 7.1.1 Europe Steel Cord Sales by Country (2019-2024) 7.1.2 Europe Steel Cord Revenue by Country (2019-2024) 7.2 Europe Steel Cord Sales by Type 7.3 Europe Steel Cord Sales by Application 7.4 Germany 7.5 France 7.6 UK 7.7 Italy 7.8 Russia 8 Middle East & Africa 8.1 Middle East & Africa Steel Cord by Country 8.1.1 Middle East & Africa Steel Cord Sales by Country (2019-2024) 8.1.2 Middle East & Africa Steel Cord Revenue by Country (2019-2024) 8.2 Middle East & Africa Steel Cord Sales by Type 8.3 Middle East & Africa Steel Cord Sales by Application 8.4 Egypt 8.5 South Africa 8.6 Israel 8.7 Turkey 8.8 GCC Countries 9 Market Drivers, Challenges and Trends 9.1 Market Drivers & Growth Opportunities 9.2 Market Challenges & Risks 9.3 Industry Trends 10 Manufacturing Cost Structure Analysis 10.1 Raw Material and Suppliers 10.2 Manufacturing Cost Structure Analysis of Steel Cord 10.3 Manufacturing Process Analysis of Steel Cord 10.4 Industry Chain Structure of Steel Cord 11 Marketing, Distributors and Customer 11.1 Sales Channel 11.1.1 Direct Channels 11.1.2 Indirect Channels 11.2 Steel Cord Distributors 11.3 Steel Cord Customer 12 World Forecast Review for Steel Cord by Geographic Region 12.1 Global Steel Cord Market Size Forecast by Region 12.1.1 Global Steel Cord Forecast by Region (2025-2030) 12.1.2 Global Steel Cord Annual Revenue Forecast by Region (2025-2030) 12.2 Americas Forecast by Country 12.3 APAC Forecast by Region 12.4 Europe Forecast by Country 12.5 Middle East & Africa Forecast by Country 12.6 Global Steel Cord Forecast by Type 12.7 Global Steel Cord Forecast by Application 13 Key Players Analysis 13.1 Bekaert 13.1.1 Bekaert Company Information 13.1.2 Bekaert Steel Cord Product Portfolios and Specifications 13.1.3 Bekaert Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.1.4 Bekaert Main Business Overview 13.1.5 Bekaert Latest Developments 13.2 Jiangsu Xingda Steel Cord 13.2.1 Jiangsu Xingda Steel Cord Company Information 13.2.2 Jiangsu Xingda Steel Cord Steel Cord Product Portfolios and Specifications 13.2.3 Jiangsu Xingda Steel Cord Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.2.4 Jiangsu Xingda Steel Cord Main Business Overview 13.2.5 Jiangsu Xingda Steel Cord Latest Developments 13.3 ArcelorMittal 13.3.1 ArcelorMittal Company Information 13.3.2 ArcelorMittal Steel Cord Product Portfolios and Specifications 13.3.3 ArcelorMittal Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.3.4 ArcelorMittal Main Business Overview 13.3.5 ArcelorMittal Latest Developments 13.4 Hyosung 13.4.1 Hyosung Company Information 13.4.2 Hyosung Steel Cord Product Portfolios and Specifications 13.4.3 Hyosung Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.4.4 Hyosung Main Business Overview 13.4.5 Hyosung Latest Developments 13.5 Shandong SNTON Steel Cord 13.5.1 Shandong SNTON Steel Cord Company Information 13.5.2 Shandong SNTON Steel Cord Steel Cord Product Portfolios and Specifications 13.5.3 Shandong SNTON Steel Cord Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.5.4 Shandong SNTON Steel Cord Main Business Overview 13.5.5 Shandong SNTON Steel Cord Latest Developments 13.6 Bridgestone 13.6.1 Bridgestone Company Information 13.6.2 Bridgestone Steel Cord Product Portfolios and Specifications 13.6.3 Bridgestone Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.6.4 Bridgestone Main Business Overview 13.6.5 Bridgestone Latest Developments 13.7 Shougang Century 13.7.1 Shougang Century Company Information 13.7.2 Shougang Century Steel Cord Product Portfolios and Specifications 13.7.3 Shougang Century Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.7.4 Shougang Century Main Business Overview 13.7.5 Shougang Century Latest Developments 13.8 Tokusen 13.8.1 Tokusen Company Information 13.8.2 Tokusen Steel Cord Product Portfolios and Specifications 13.8.3 Tokusen Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.8.4 Tokusen Main Business Overview 13.8.5 Tokusen Latest Developments 13.9 Tokyo Rope MFG 13.9.1 Tokyo Rope MFG Company Information 13.9.2 Tokyo Rope MFG Steel Cord Product Portfolios and Specifications 13.9.3 Tokyo Rope MFG Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.9.4 Tokyo Rope MFG Main Business Overview 13.9.5 Tokyo Rope MFG Latest Developments 13.10 Hubei Fuxing New Material 13.10.1 Hubei Fuxing New Material Company Information 13.10.2 Hubei Fuxing New Material Steel Cord Product Portfolios and Specifications 13.10.3 Hubei Fuxing New Material Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.10.4 Hubei Fuxing New Material Main Business Overview 13.10.5 Hubei Fuxing New Material Latest Developments 13.11 BMZ 13.11.1 BMZ Company Information 13.11.2 BMZ Steel Cord Product Portfolios and Specifications 13.11.3 BMZ Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.11.4 BMZ Main Business Overview 13.11.5 BMZ Latest Developments 13.12 Henan Hengxing 13.12.1 Henan Hengxing Company Information 13.12.2 Henan Hengxing Steel Cord Product Portfolios and Specifications 13.12.3 Henan Hengxing Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.12.4 Henan Hengxing Main Business Overview 13.12.5 Henan Hengxing Latest Developments 13.13 Junma Tyre Cord 13.13.1 Junma Tyre Cord Company Information 13.13.2 Junma Tyre Cord Steel Cord Product Portfolios and Specifications 13.13.3 Junma Tyre Cord Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.13.4 Junma Tyre Cord Main Business Overview 13.13.5 Junma Tyre Cord Latest Developments 13.14 Sumitomo Electric Industries 13.14.1 Sumitomo Electric Industries Company Information 13.14.2 Sumitomo Electric Industries Steel Cord Product Portfolios and Specifications 13.14.3 Sumitomo Electric Industries Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.14.4 Sumitomo Electric Industries Main Business Overview 13.14.5 Sumitomo Electric Industries Latest Developments 13.15 Sodetal 13.15.1 Sodetal Company Information 13.15.2 Sodetal Steel Cord Product Portfolios and Specifications 13.15.3 Sodetal Steel Cord Sales, Revenue, Price and Gross Margin (2019-2024) 13.15.4 Sodetal Main Business Overview 13.15.5 Sodetal Latest Developments 14 Research Findings and Conclusion