Steel Cord Market Report – Research, Industry Analysis Reports and Market Demands

Global Steel Cord Market 2025 by Manufacturers, Regions, Type and Application, Forecast to 2031

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Table of Content

1 Market Overview

1.1 Product Overview and Scope
1.2 Market Estimation Caveats and Base Year
1.3 Market Analysis by Type
- 1.3.1 Overview: Global Steel Cord Consumption Value by Type: 2020 Versus 2024 Versus 2031
- 1.3.2 Normal Tensile (NT)
- 1.3.3 High Tensile (HT)
- 1.3.4 Super Tensile (ST)
- 1.3.5 Ultra Tensile (UT)
1.4 Market Analysis by Application
- 1.4.1 Overview: Global Steel Cord Consumption Value by Application: 2020 Versus 2024 Versus 2031
- 1.4.2 Passenger Cars
- 1.4.3 Commercial Vehicles
- 1.4.4 Engineering Vehicles
- 1.4.5 Others
1.5 Global Steel Cord Market Size & Forecast
- 1.5.1 Global Steel Cord Consumption Value (2020 & 2024 & 2031)
- 1.5.2 Global Steel Cord Sales Quantity (2020-2031)
- 1.5.3 Global Steel Cord Average Price (2020-2031)

2 Manufacturers Profiles

3 Competitive Environment: Steel Cord by Manufacturer

3.1 Global Steel Cord Sales Quantity by Manufacturer (2020-2025)
3.2 Global Steel Cord Revenue by Manufacturer (2020-2025)
3.3 Global Steel Cord Average Price by Manufacturer (2020-2025)
3.4 Market Share Analysis (2024)
- 3.4.1 Producer Shipments of Steel Cord by Manufacturer Revenue ($MM) and Market Share (%): 2024
- 3.4.2 Top 3 Steel Cord Manufacturer Market Share in 2024
- 3.4.3 Top 6 Steel Cord Manufacturer Market Share in 2024
3.5 Steel Cord Market: Overall Company Footprint Analysis
- 3.5.1 Steel Cord Market: Region Footprint
- 3.5.2 Steel Cord Market: Company Product Type Footprint
- 3.5.3 Steel Cord Market: Company Product Application Footprint
3.6 New Market Entrants and Barriers to Market Entry
3.7 Mergers, Acquisition, Agreements, and Collaborations

4 Consumption Analysis by Region

4.1 Global Steel Cord Market Size by Region
- 4.1.1 Global Steel Cord Sales Quantity by Region (2020-2031)
- 4.1.2 Global Steel Cord Consumption Value by Region (2020-2031)
- 4.1.3 Global Steel Cord Average Price by Region (2020-2031)
4.2 North America Steel Cord Consumption Value (2020-2031)
4.3 Europe Steel Cord Consumption Value (2020-2031)
4.4 Asia-Pacific Steel Cord Consumption Value (2020-2031)
4.5 South America Steel Cord Consumption Value (2020-2031)
4.6 Middle East & Africa Steel Cord Consumption Value (2020-2031)

5 Market Segment by Type

5.1 Global Steel Cord Sales Quantity by Type (2020-2031)
5.2 Global Steel Cord Consumption Value by Type (2020-2031)
5.3 Global Steel Cord Average Price by Type (2020-2031)

6 Market Segment by Application

6.1 Global Steel Cord Sales Quantity by Application (2020-2031)
6.2 Global Steel Cord Consumption Value by Application (2020-2031)
6.3 Global Steel Cord Average Price by Application (2020-2031)

7 North America

7.1 North America Steel Cord Sales Quantity by Type (2020-2031)
7.2 North America Steel Cord Sales Quantity by Application (2020-2031)
7.3 North America Steel Cord Market Size by Country
- 7.3.1 North America Steel Cord Sales Quantity by Country (2020-2031)
- 7.3.2 North America Steel Cord Consumption Value by Country (2020-2031)
- 7.3.3 United States Market Size and Forecast (2020-2031)
- 7.3.4 Canada Market Size and Forecast (2020-2031)
- 7.3.5 Mexico Market Size and Forecast (2020-2031)

8 Europe

8.1 Europe Steel Cord Sales Quantity by Type (2020-2031)
8.2 Europe Steel Cord Sales Quantity by Application (2020-2031)
8.3 Europe Steel Cord Market Size by Country
- 8.3.1 Europe Steel Cord Sales Quantity by Country (2020-2031)
- 8.3.2 Europe Steel Cord Consumption Value by Country (2020-2031)
- 8.3.3 Germany Market Size and Forecast (2020-2031)
- 8.3.4 France Market Size and Forecast (2020-2031)
- 8.3.5 United Kingdom Market Size and Forecast (2020-2031)
- 8.3.6 Russia Market Size and Forecast (2020-2031)
- 8.3.7 Italy Market Size and Forecast (2020-2031)

9 Asia-Pacific

9.1 Asia-Pacific Steel Cord Sales Quantity by Type (2020-2031)
9.2 Asia-Pacific Steel Cord Sales Quantity by Application (2020-2031)
9.3 Asia-Pacific Steel Cord Market Size by Region
- 9.3.1 Asia-Pacific Steel Cord Sales Quantity by Region (2020-2031)
- 9.3.2 Asia-Pacific Steel Cord Consumption Value by Region (2020-2031)
- 9.3.3 China Market Size and Forecast (2020-2031)
- 9.3.4 Japan Market Size and Forecast (2020-2031)
- 9.3.5 South Korea Market Size and Forecast (2020-2031)
- 9.3.6 India Market Size and Forecast (2020-2031)
- 9.3.7 Southeast Asia Market Size and Forecast (2020-2031)
- 9.3.8 Australia Market Size and Forecast (2020-2031)

10 South America

10.1 South America Steel Cord Sales Quantity by Type (2020-2031)
10.2 South America Steel Cord Sales Quantity by Application (2020-2031)
10.3 South America Steel Cord Market Size by Country
- 10.3.1 South America Steel Cord Sales Quantity by Country (2020-2031)
- 10.3.2 South America Steel Cord Consumption Value by Country (2020-2031)
- 10.3.3 Brazil Market Size and Forecast (2020-2031)
- 10.3.4 Argentina Market Size and Forecast (2020-2031)

11 Middle East & Africa

11.1 Middle East & Africa Steel Cord Sales Quantity by Type (2020-2031)
11.2 Middle East & Africa Steel Cord Sales Quantity by Application (2020-2031)
11.3 Middle East & Africa Steel Cord Market Size by Country
- 11.3.1 Middle East & Africa Steel Cord Sales Quantity by Country (2020-2031)
- 11.3.2 Middle East & Africa Steel Cord Consumption Value by Country (2020-2031)
- 11.3.3 Turkey Market Size and Forecast (2020-2031)
- 11.3.4 Egypt Market Size and Forecast (2020-2031)
- 11.3.5 Saudi Arabia Market Size and Forecast (2020-2031)
- 11.3.6 South Africa Market Size and Forecast (2020-2031)

12 Market Dynamics

12.1 Steel Cord Market Drivers
12.2 Steel Cord Market Restraints
12.3 Steel Cord Trends Analysis
12.4 Porters Five Forces Analysis
- 12.4.1 Threat of New Entrants
- 12.4.2 Bargaining Power of Suppliers
- 12.4.3 Bargaining Power of Buyers
- 12.4.4 Threat of Substitutes
- 12.4.5 Competitive Rivalry

13 Raw Material and Industry Chain

13.1 Raw Material of Steel Cord and Key Manufacturers
13.2 Manufacturing Costs Percentage of Steel Cord
13.3 Steel Cord Production Process
13.4 Industry Value Chain Analysis

14 Shipments by Distribution Channel

14.1 Sales Channel
- 14.1.1 Direct to End-User
- 14.1.2 Distributors
14.2 Steel Cord Typical Distributors
14.3 Steel Cord Typical Customers

15 Research Findings and Conclusion

16 Appendix

16.1 Methodology
16.2 Research Process and Data Source

Description

According to our (Global Info Research) latest study, the global Steel Cord market size was valued at US$ 5730 million in 2024 and is forecast to a readjusted size of USD 8184 million by 2031 with a CAGR of 5.3% during review period.
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 2024.
Market Drivers:
Increasing Demand in the Automotive Industry: Steel cords are widely used in the manufacturing of tires, particularly for high-performance and heavy-duty vehicles. As the global automotive industry expands, especially in emerging markets, the demand for steel cords in tires is rising. The shift toward electric vehicles (EVs) and advancements in automotive technology also drive the need for stronger, more durable tire components.
Technological Advancements: Innovations in steel cord manufacturing processes, such as improvements in tensile strength, durability, and corrosion resistance, are boosting market growth. The introduction of advanced technologies like automation and improved raw material processing has led to cost-effective production and better-quality products.
Expanding Tire Market: The global tire market's growth, driven by rising vehicle production and the demand for replacement tires, significantly boosts the steel cord market. The increasing preference for high-performance and durable tires also contributes to the growth, as steel cords are crucial for tire reinforcement.
Market Challenges:
Fluctuating Raw Material Prices: Steel is the primary raw material used in the production of steel cords. Price fluctuations and supply chain disruptions in the steel industry can affect production costs, making it challenging for manufacturers to maintain competitive pricing. The cost variability can impact the profitability and growth of businesses in the steel cord market.
Technological Barriers to Entry: The high cost of setting up steel cord manufacturing facilities and the advanced technologies required for production can act as barriers to entry for new players. Established manufacturers with access to the latest technologies, better supply chain networks, and economies of scale dominate the market, making it challenging for newcomers to compete.
Dependency on Automotive and Tire Industry Trends: The steel cord market is closely tied to the performance of the automotive and tire industries. Any downturn in these sectors, such as a decrease in vehicle production or lower tire replacement demand, can significantly affect the steel cord market. Economic slowdowns, especially in key automotive markets, pose risks to market growth.
This report is a detailed and comprehensive analysis for global Steel Cord market. Both quantitative and qualitative analyses are presented by manufacturers, by region & country, by Type and by Application. As the market is constantly changing, this report explores the competition, supply and demand trends, as well as key factors that contribute to its changing demands across many markets. Company profiles and product examples of selected competitors, along with market share estimates of some of the selected leaders for the year 2025, are provided.
Key Features:
Global Steel Cord market size and forecasts, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Steel Cord market size and forecasts by region and country, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Steel Cord market size and forecasts, by Type and by Application, in consumption value ($ Million), sales quantity (K MT), and average selling prices (USD/MT), 2020-2031
Global Steel Cord market shares of main players, shipments in revenue ($ Million), sales quantity (K MT), and ASP (USD/MT), 2020-2025
The Primary Objectives in This Report Are:
To determine the size of the total market opportunity of global and key countries
To assess the growth potential for Steel Cord
To forecast future growth in each product and end-use market
To assess competitive factors affecting the marketplace
This report profiles key players in the global Steel Cord market based on the following parameters - company overview, sales quantity, revenue, price, gross margin, product portfolio, geographical presence, and key developments. Key companies covered as a part of this study include Bekaert, Jiangsu Xingda Steel Cord, ArcelorMittal, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen, Tokyo Rope MFG, Hubei Fuxing New Material, etc.
This report also provides key insights about market drivers, restraints, opportunities, new product launches or approvals.
Market Segmentation
Steel Cord market is split by Type and by Application. For the period 2020-2031, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value. This analysis can help you expand your business by targeting qualified niche markets.
Market segment by Type
Normal Tensile (NT)
High Tensile (HT)
Super Tensile (ST)
Ultra Tensile (UT)
Market segment by Application
Passenger Cars
Commercial Vehicles
Engineering Vehicles
Others
Major players covered
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
DAYE SHARES
Zenith Steel Group
KISWIRE LTD
LEI DA Group
Market segment by region, regional analysis covers
North America (United States, Canada, and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Steel Cord product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Steel Cord, with price, sales quantity, revenue, and global market share of Steel Cord from 2020 to 2025.
Chapter 3, the Steel Cord competitive situation, sales quantity, revenue, and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Steel Cord breakdown data are shown at the regional level, to show the sales quantity, consumption value, and growth by regions, from 2020 to 2031.
Chapter 5 and 6, to segment the sales by Type and by Application, with sales market share and growth rate by Type, by Application, from 2020 to 2031.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value, and market share for key countries in the world, from 2020 to 2025.and Steel Cord market forecast, by regions, by Type, and by Application, with sales and revenue, from 2026 to 2031.
Chapter 12, market dynamics, drivers, restraints, trends, and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Steel Cord.
Chapter 14 and 15, to describe Steel Cord sales channel, distributors, customers, research findings and conclusion.

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