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Global Steel Cord for Automotive Tires Market Research Report 2025(Status and Outlook)

Publisher Bosson Research
Published Jul 02, 2025
Length 158 Pages
SKU # BOSS20193038

Description

Report Overview

Steel cord for automotive tires refers to high-tensile steel wires coated with brass or other alloys, woven into a reinforced layer within tire casings to provide structural strength, durability, and resistance to deformation under load. These cords are primarily used in radial tires, where they form belts beneath the tread to enhance puncture resistance, improve handling, and extend tire lifespan. The material's high strength-to-weight ratio and fatigue resistance make it critical for performance in heavy-duty and high-speed applications, such as passenger vehicles, commercial trucks, and off-road machinery. Innovations in steel cord technology focus on optimizing adhesion to rubber compounds, reducing weight, and improving corrosion resistance to meet evolving industry standards for fuel efficiency and sustainability. The market is driven by global automotive production trends, regulatory demands for safer and longer-lasting tires, and advancements in manufacturing processes to enhance cost-efficiency.

The global steel cord market for automotive tires is projected to grow steadily, supported by rising vehicle ownership, particularly in emerging economies, and the increasing demand for radial tires over bias-ply alternatives. Key regions such as Asia-Pacific, led by China and India, dominate production and consumption due to expanding automotive manufacturing hubs and infrastructure development. Europe and North America remain significant markets, driven by stringent safety regulations and the adoption of premium tires in luxury and electric vehicles. Major industry players, including Bekaert, Bridgestone, and ArcelorMittal, focus on R&D to develop lightweight and eco-friendly steel cord variants, catering to the shift toward electric mobility and sustainability. Challenges include fluctuating raw material costs (e.g., steel and rubber) and competition from synthetic alternatives like aramid fibers, though steel cord retains an edge in cost-performance balance. The market's trajectory hinges on automotive industry recovery post-pandemic, advancements in tire recycling technologies, and the integration of smart tire systems requiring robust reinforcement materials.

The global Steel Cord for Automotive Tires market size was estimated at USD 5225.26 million in 2024, exhibiting a CAGR of 4.50% during the forecast period.

This report provides a deep insight into the global Steel Cord for Automotive Tires market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Steel Cord for Automotive Tires Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Steel Cord for Automotive Tires market in any manner.

Global Steel Cord for Automotive Tires Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

Bekaert

Sumitomo Electric

Jiangsu Xingda Steel Cord

ArcelorMittal

Shougang Century

iangsu Leida

Shandong Daye Co.

Ltd.

Hengxing Science and Technology

Hubei Fuxing Science And Technology

Hyosung

Tokusen

Bridgestone

Tokyo Rope MFG

Junma Tyre Cord Co.

Market Segmentation (by Type)

Normal Tensile (NT)

High Tensile(HT)

Super Tensile (ST)

Ultra Tensile (UT)

Market Segmentation (by Application)

Passenger Vehicle

Commercial Vehicle

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Steel Cord for Automotive Tires Market

Overview of the regional outlook of the Steel Cord for Automotive Tires Market:

Chapter Outline

Chapter 1 mainly introduces the statistical scope of the report, market division standards, and market research methods.

Chapter 2 is an executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the Steel Cord for Automotive Tires Market and its likely evolution in the short to mid-term, and long term.

Chapter 3 makes a detailed analysis of the market's competitive landscape of the market and provides the market share, capacity, output, price, latest development plan, merger, and acquisition information of the main manufacturers in the market.

Chapter 4 is the analysis of the whole market industrial chain, including the upstream and downstream of the industry, as well as Porter's five forces analysis.

Chapter 5 introduces the latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 6 provides the analysis of various market segments according to product types, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 7 provides the analysis of various market segments according to application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 8 provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and capacity of each country in the world.

Chapter 9 shares the main producing countries of Steel Cord for Automotive Tires, their output value, profit level, regional supply, production capacity layout, etc. from the supply side.

Chapter 10 introduces the basic situation of the main companies in the market in detail, including product sales revenue, sales volume, price, gross profit margin, market share, product introduction, recent development, etc.

Chapter 11 provides a quantitative analysis of the market size and development potential of each region in the next five years.

Chapter 12 provides a quantitative analysis of the market size and development potential of each market segment in the next five years.

Chapter 13 is the main points and conclusions of the report.

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors

You will be able to copy data from the Excel spreadsheet straight into your marketing plans, business presentations, or other strategic documents

The concise analysis, clear graph, and table format will enable you to pinpoint the information you require quickly

Provision of market value data for each segment and sub-segment

Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market

Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region

Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled

Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players

The current as well as the future market outlook of the industry concerning recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions

Includes in-depth analysis of the market from various perspectives through Porter’s five forces analysis

Provides insight into the market through Value Chain

Market dynamics scenario, along with growth opportunities of the market in the years to come

Table of Contents

158 Pages
1 Research Methodology and Statistical Scope
1.1 Market Definition and Statistical Scope of Steel Cord for Automotive Tires
1.2 Key Market Segments
1.2.1 Steel Cord for Automotive Tires Segment by Type
1.2.2 Steel Cord for Automotive Tires Segment by Application
1.3 Methodology & Sources of Information
1.3.1 Research Methodology
1.3.2 Research Process
1.3.3 Market Breakdown and Data Triangulation
1.3.4 Base Year
1.3.5 Report Assumptions & Caveats
2 Steel Cord for Automotive Tires Market Overview
2.1 Global Market Overview
2.1.1 Global Steel Cord for Automotive Tires Market Size (M USD) Estimates and Forecasts (2020-2033)
2.1.2 Global Steel Cord for Automotive Tires Sales Estimates and Forecasts (2020-2033)
2.2 Market Segment Executive Summary
2.3 Global Market Size by Region
3 Steel Cord for Automotive Tires Market Competitive Landscape
3.1 Company Assessment Quadrant
3.2 Global Steel Cord for Automotive Tires Product Life Cycle
3.3 Global Steel Cord for Automotive Tires Sales by Manufacturers (2020-2025)
3.4 Global Steel Cord for Automotive Tires Revenue Market Share by Manufacturers (2020-2025)
3.5 Steel Cord for Automotive Tires Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.6 Global Steel Cord for Automotive Tires Average Price by Manufacturers (2020-2025)
3.7 Manufacturers’ Manufacturing Sites, Areas Served, and Product Types
3.8 Steel Cord for Automotive Tires Market Competitive Situation and Trends
3.8.1 Steel Cord for Automotive Tires Market Concentration Rate
3.8.2 Global 5 and 10 Largest Steel Cord for Automotive Tires Players Market Share by Revenue
3.8.3 Mergers & Acquisitions, Expansion
4 Steel Cord for Automotive Tires Industry Chain Analysis
4.1 Steel Cord for Automotive Tires Industry Chain Analysis
4.2 Market Overview of Key Raw Materials
4.3 Midstream Market Analysis
4.4 Downstream Customer Analysis
5 The Development and Dynamics of Steel Cord for Automotive Tires Market
5.1 Key Development Trends
5.2 Driving Factors
5.3 Market Challenges
5.4 Industry News
5.4.1 New Product Developments
5.4.2 Mergers & Acquisitions
5.4.3 Expansions
5.4.4 Collaboration/Supply Contracts
5.5 PEST Analysis
5.5.1 Industry Policies Analysis
5.5.2 Economic Environment Analysis
5.5.3 Social Environment Analysis
5.5.4 Technological Environment Analysis
5.6 Global Steel Cord for Automotive Tires Market Porter's Five Forces Analysis
5.6.1 Global Trade Frictions
5.6.2 U.S. Tariff Policy – April 2025
5.6.3 Global Trade Frictions and Their Impacts to Steel Cord for Automotive Tires Market
5.7 ESG Ratings of Leading Companies
6 Steel Cord for Automotive Tires Market Segmentation by Type
6.1 Evaluation Matrix of Segment Market Development Potential (Type)
6.2 Global Steel Cord for Automotive Tires Sales Market Share by Type (2020-2025)
6.3 Global Steel Cord for Automotive Tires Market Size Market Share by Type (2020-2025)
6.4 Global Steel Cord for Automotive Tires Price by Type (2020-2025)
7 Steel Cord for Automotive Tires Market Segmentation by Application
7.1 Evaluation Matrix of Segment Market Development Potential (Application)
7.2 Global Steel Cord for Automotive Tires Market Sales by Application (2020-2025)
7.3 Global Steel Cord for Automotive Tires Market Size (M USD) by Application (2020-2025)
7.4 Global Steel Cord for Automotive Tires Sales Growth Rate by Application (2020-2025)
8 Steel Cord for Automotive Tires Market Sales by Region
8.1 Global Steel Cord for Automotive Tires Sales by Region
8.1.1 Global Steel Cord for Automotive Tires Sales by Region
8.1.2 Global Steel Cord for Automotive Tires Sales Market Share by Region
8.2 Global Steel Cord for Automotive Tires Market Size by Region
8.2.1 Global Steel Cord for Automotive Tires Market Size by Region
8.2.2 Global Steel Cord for Automotive Tires Market Size Market Share by Region
8.3 North America
8.3.1 North America Steel Cord for Automotive Tires Sales by Country
8.3.2 North America Steel Cord for Automotive Tires Market Size by Country
8.3.3 U.S. Market Overview
8.3.4 Canada Market Overview
8.3.5 Mexico Market Overview
8.4 Europe
8.4.1 Europe Steel Cord for Automotive Tires Sales by Country
8.4.2 Europe Steel Cord for Automotive Tires Market Size by Country
8.4.3 Germany Market Overview
8.4.4 France Market Overview
8.4.5 U.K. Market Overview
8.4.6 Italy Market Overview
8.4.7 Spain Market Overview
8.5 Asia Pacific
8.5.1 Asia Pacific Steel Cord for Automotive Tires Sales by Region
8.5.2 Asia Pacific Steel Cord for Automotive Tires Market Size by Region
8.5.3 China Market Overview
8.5.4 Japan Market Overview
8.5.5 South Korea Market Overview
8.5.6 India Market Overview
8.5.7 Southeast Asia Market Overview
8.6 South America
8.6.1 South America Steel Cord for Automotive Tires Sales by Country
8.6.2 South America Steel Cord for Automotive Tires Market Size by Country
8.6.3 Brazil Market Overview
8.6.4 Argentina Market Overview
8.6.5 Columbia Market Overview
8.7 Middle East and Africa
8.7.1 Middle East and Africa Steel Cord for Automotive Tires Sales by Region
8.7.2 Middle East and Africa Steel Cord for Automotive Tires Market Size by Region
8.7.3 Saudi Arabia Market Overview
8.7.4 UAE Market Overview
8.7.5 Egypt Market Overview
8.7.6 Nigeria Market Overview
8.7.7 South Africa Market Overview
9 Steel Cord for Automotive Tires Market Production by Region
9.1 Global Production of Steel Cord for Automotive Tires by Region(2020-2025)
9.2 Global Steel Cord for Automotive Tires Revenue Market Share by Region (2020-2025)
9.3 Global Steel Cord for Automotive Tires Production, Revenue, Price and Gross Margin (2020-2025)
9.4 North America Steel Cord for Automotive Tires Production
9.4.1 North America Steel Cord for Automotive Tires Production Growth Rate (2020-2025)
9.4.2 North America Steel Cord for Automotive Tires Production, Revenue, Price and Gross Margin (2020-2025)
9.5 Europe Steel Cord for Automotive Tires Production
9.5.1 Europe Steel Cord for Automotive Tires Production Growth Rate (2020-2025)
9.5.2 Europe Steel Cord for Automotive Tires Production, Revenue, Price and Gross Margin (2020-2025)
9.6 Japan Steel Cord for Automotive Tires Production (2020-2025)
9.6.1 Japan Steel Cord for Automotive Tires Production Growth Rate (2020-2025)
9.6.2 Japan Steel Cord for Automotive Tires Production, Revenue, Price and Gross Margin (2020-2025)
9.7 China Steel Cord for Automotive Tires Production (2020-2025)
9.7.1 China Steel Cord for Automotive Tires Production Growth Rate (2020-2025)
9.7.2 China Steel Cord for Automotive Tires Production, Revenue, Price and Gross Margin (2020-2025)
10 Key Companies Profile
10.1 Bekaert
10.1.1 Bekaert Basic Information
10.1.2 Bekaert Steel Cord for Automotive Tires Product Overview
10.1.3 Bekaert Steel Cord for Automotive Tires Product Market Performance
10.1.4 Bekaert Business Overview
10.1.5 Bekaert SWOT Analysis
10.1.6 Bekaert Recent Developments
10.2 Sumitomo Electric
10.2.1 Sumitomo Electric Basic Information
10.2.2 Sumitomo Electric Steel Cord for Automotive Tires Product Overview
10.2.3 Sumitomo Electric Steel Cord for Automotive Tires Product Market Performance
10.2.4 Sumitomo Electric Business Overview
10.2.5 Sumitomo Electric SWOT Analysis
10.2.6 Sumitomo Electric Recent Developments
10.3 Jiangsu Xingda Steel Cord
10.3.1 Jiangsu Xingda Steel Cord Basic Information
10.3.2 Jiangsu Xingda Steel Cord Steel Cord for Automotive Tires Product Overview
10.3.3 Jiangsu Xingda Steel Cord Steel Cord for Automotive Tires Product Market Performance
10.3.4 Jiangsu Xingda Steel Cord Business Overview
10.3.5 Jiangsu Xingda Steel Cord SWOT Analysis
10.3.6 Jiangsu Xingda Steel Cord Recent Developments
10.4 ArcelorMittal
10.4.1 ArcelorMittal Basic Information
10.4.2 ArcelorMittal Steel Cord for Automotive Tires Product Overview
10.4.3 ArcelorMittal Steel Cord for Automotive Tires Product Market Performance
10.4.4 ArcelorMittal Business Overview
10.4.5 ArcelorMittal Recent Developments
10.5 Shougang Century
10.5.1 Shougang Century Basic Information
10.5.2 Shougang Century Steel Cord for Automotive Tires Product Overview
10.5.3 Shougang Century Steel Cord for Automotive Tires Product Market Performance
10.5.4 Shougang Century Business Overview
10.5.5 Shougang Century Recent Developments
10.6 iangsu Leida
10.6.1 iangsu Leida Basic Information
10.6.2 iangsu Leida Steel Cord for Automotive Tires Product Overview
10.6.3 iangsu Leida Steel Cord for Automotive Tires Product Market Performance
10.6.4 iangsu Leida Business Overview
10.6.5 iangsu Leida Recent Developments
10.7 Shandong Daye Co.
10.7.1 Shandong Daye Co. Basic Information
10.7.2 Shandong Daye Co. Steel Cord for Automotive Tires Product Overview
10.7.3 Shandong Daye Co. Steel Cord for Automotive Tires Product Market Performance
10.7.4 Shandong Daye Co. Business Overview
10.7.5 Shandong Daye Co. Recent Developments
10.8 Ltd.
10.8.1 Ltd. Basic Information
10.8.2 Ltd. Steel Cord for Automotive Tires Product Overview
10.8.3 Ltd. Steel Cord for Automotive Tires Product Market Performance
10.8.4 Ltd. Business Overview
10.8.5 Ltd. Recent Developments
10.9 Hengxing Science and Technology
10.9.1 Hengxing Science and Technology Basic Information
10.9.2 Hengxing Science and Technology Steel Cord for Automotive Tires Product Overview
10.9.3 Hengxing Science and Technology Steel Cord for Automotive Tires Product Market Performance
10.9.4 Hengxing Science and Technology Business Overview
10.9.5 Hengxing Science and Technology Recent Developments
10.10 Hubei Fuxing Science And Technology
10.10.1 Hubei Fuxing Science And Technology Basic Information
10.10.2 Hubei Fuxing Science And Technology Steel Cord for Automotive Tires Product Overview
10.10.3 Hubei Fuxing Science And Technology Steel Cord for Automotive Tires Product Market Performance
10.10.4 Hubei Fuxing Science And Technology Business Overview
10.10.5 Hubei Fuxing Science And Technology Recent Developments
10.11 Hyosung
10.11.1 Hyosung Basic Information
10.11.2 Hyosung Steel Cord for Automotive Tires Product Overview
10.11.3 Hyosung Steel Cord for Automotive Tires Product Market Performance
10.11.4 Hyosung Business Overview
10.11.5 Hyosung Recent Developments
10.12 Tokusen
10.12.1 Tokusen Basic Information
10.12.2 Tokusen Steel Cord for Automotive Tires Product Overview
10.12.3 Tokusen Steel Cord for Automotive Tires Product Market Performance
10.12.4 Tokusen Business Overview
10.12.5 Tokusen Recent Developments
10.13 Bridgestone
10.13.1 Bridgestone Basic Information
10.13.2 Bridgestone Steel Cord for Automotive Tires Product Overview
10.13.3 Bridgestone Steel Cord for Automotive Tires Product Market Performance
10.13.4 Bridgestone Business Overview
10.13.5 Bridgestone Recent Developments
10.14 Tokyo Rope MFG
10.14.1 Tokyo Rope MFG Basic Information
10.14.2 Tokyo Rope MFG Steel Cord for Automotive Tires Product Overview
10.14.3 Tokyo Rope MFG Steel Cord for Automotive Tires Product Market Performance
10.14.4 Tokyo Rope MFG Business Overview
10.14.5 Tokyo Rope MFG Recent Developments
10.15 Junma Tyre Cord Co.
10.15.1 Junma Tyre Cord Co. Basic Information
10.15.2 Junma Tyre Cord Co. Steel Cord for Automotive Tires Product Overview
10.15.3 Junma Tyre Cord Co. Steel Cord for Automotive Tires Product Market Performance
10.15.4 Junma Tyre Cord Co. Business Overview
10.15.5 Junma Tyre Cord Co. Recent Developments
11 Steel Cord for Automotive Tires Market Forecast by Region
11.1 Global Steel Cord for Automotive Tires Market Size Forecast
11.2 Global Steel Cord for Automotive Tires Market Forecast by Region
11.2.1 North America Market Size Forecast by Country
11.2.2 Europe Steel Cord for Automotive Tires Market Size Forecast by Country
11.2.3 Asia Pacific Steel Cord for Automotive Tires Market Size Forecast by Region
11.2.4 South America Steel Cord for Automotive Tires Market Size Forecast by Country
11.2.5 Middle East and Africa Forecasted Sales of Steel Cord for Automotive Tires by Country
12 Forecast Market by Type and by Application (2026-2033)
12.1 Global Steel Cord for Automotive Tires Market Forecast by Type (2026-2033)
12.1.1 Global Forecasted Sales of Steel Cord for Automotive Tires by Type (2026-2033)
12.1.2 Global Steel Cord for Automotive Tires Market Size Forecast by Type (2026-2033)
12.1.3 Global Forecasted Price of Steel Cord for Automotive Tires by Type (2026-2033)
12.2 Global Steel Cord for Automotive Tires Market Forecast by Application (2026-2033)
12.2.1 Global Steel Cord for Automotive Tires Sales (K Units) Forecast by Application
12.2.2 Global Steel Cord for Automotive Tires Market Size (M USD) Forecast by Application (2026-2033)
13 Conclusion and Key Findings
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