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Steel Tire Cord Market Outlook 2026-2034: Market Share, and Growth Analysis By Type (Brass Coated, Zinc Coated, Copper Coated, Others), By Application (Passenger Vehicle Tires, Commercial Vehicle Tires, Two-Wheeler Tires, Aircraft Tires, Industrial Tires)

Publisher OG Analysis
Published Nov 11, 2025
SKU # OGAN20567976

Description

The Steel Tire Cord Market is valued at USD 5.1 billion in 2025 and is projected to grow at a CAGR of 3.1% to reach USD 6.71 billion by 2034.

Steel Tire Cord Market

The steel tire cord market supplies high-tensile, brass-plated steel filaments and cables that reinforce carcass and belt packages in passenger car, light truck, commercial vehicle, two-wheeler, OTR, and specialty tires. These cords deliver hoop strength, dimensional stability, and fatigue durability under cyclic loads, temperature swings, and corrosive environments - directly affecting uniformity, rolling resistance, and service life. Product innovation focuses on cleaner melts and micro-alloying to lift strength-to-diameter ratios; ultra-consistent drawing and twisting to control cast/helix; plating chemistries that stabilize rubber–brass adhesion over aging; and cable designs that balance flexibility with splice integrity. Process investments emphasize inline surface inspection, laser/eddy-current monitoring, automated spooling at high speeds, and genealogy systems that tie coil attributes to tire plant quality metrics. Demand tracks global tire production and replacement cycles, with mix shifts toward EV-ready, high-load, and high-speed tires that tighten dimensional and adhesion requirements. Sustainability programs target energy-efficient drawing, closed-loop water and plating baths, zinc stewardship, and scrap recovery. Competitive dynamics span integrated steelmakers with rod-to-cord control, specialized cord producers, and regional suppliers close to tire clusters. Differentiation hinges on melt cleanliness, plating bath stability, winding precision at automated tire builders, and proven adhesion after heat/humidity aging. Challenges include input-cost volatility for wire rod and zinc, maintaining cross-plant uniformity, qualifying to proprietary OEM specs, and logistics resilience. As tire manufacturers automate and consolidate platforms, preferred suppliers pair metallurgy excellence with SPC-driven process capability, rapid changeovers, and co-engineering on adhesion, splice performance, and fatigue life.

Steel Tire Cord Market Key Insights

Tire mix is the demand signal. Growth in high-load and EV-ready tires raises tensile and adhesion targets; cords must support stiffer sidewalls and compact bead/belt geometries without compromising mountability.
Metallurgy + cleanliness win fatigue. Low-inclusion rod, controlled pearlite, and fine drawing schedules deliver high strength with ductility; residual stress control improves bend fatigue at splices and terminations.
Adhesion chemistry is strategic. Brass composition, thickness, and intermetallic growth control stabilize bonding through cure and aging; bath analytics and replenishment models reduce drift and field variability.
Dimensional precision under automation. Tight diameter/ovality, exact twist, and low residual torsion cut breaks and stoppages on high-speed tire-building machines and ensure uniformity.
Cable architecture by segment. 1×N, 2+7, 3×N, and compact constructions tune flexibility vs. hoop strength for PCR, TBR, and OTR; splice technology and calendering behavior are critical to scrap rates.
Inline inspection and traceability. Eddy current, laser gauges, and vision map defects to coil IDs; SPC dashboards and digital certificates accelerate audits and PPAP approvals.
Sustainability and compliance. Energy-efficient drawing, closed-loop plating, and zinc management support OEM ESG goals; scrap return and recycling programs improve circularity.
Cost and yield levers. Die life optimization, wire-break analytics, and plating yield control offset commodity volatility; standardized spool formats simplify logistics and handling.
Proximity to tire plants matters. Regional cord supply shortens lead times and reduces damage risk; VMI and consignment stabilize uptime in highly automated factories.
Co-engineering secures awards. Joint trials with tire makers on adhesion promoters, apex compounds, and cure profiles deliver measurable uniformity gains and lifecycle durability.

Steel Tire Cord Market Reginal Analysis

North America

Replacement demand and regional vehicle assembly drive steady consumption across PCR and TBR. Tire makers emphasize uniformity, adhesion after aging, and robust spool logistics for automated lines. Suppliers close to plants with strong PPAP documentation, quick technical support, and VMI programs gain share. Sustainability reporting and safety audits increasingly influence vendor selection.

Europe

Strict quality regimes and growing EV adoption elevate requirements for high-tensile, low-ovality cords with stable plating chemistry. OEM-specific specs for high-speed and low-rolling-resistance tires demand rigorous SPC and documented genealogy. Regional suppliers benefit from proximity and flexible scheduling; environmental stewardship and zinc management are procurement gates.

Asia-Pacific

The largest manufacturing base spans value to premium segments. Global and regional producers compete on scale, cost, and qualification speed. China and Southeast Asia drive volume in PCR/TBR; Japan and Korea prioritize high-performance uniformity and plating stability. Localized rod supply, rapid changeovers, and field service teams are decisive differentiators.

Middle East & Africa

Emerging tire capacity and distribution hubs require reliable cords with corrosion resistance and heat tolerance for hot, saline, and dusty environments. Free-zone logistics and service partnerships reduce lead times. Buyers focus on consistent adhesion, coil integrity, and training to minimize scrap in newer, automated facilities.

South & Central America

Regional plants serving domestic and export markets prioritize predictable delivery, coil handling quality, and responsive support during line upsets. Budget sensitivity favors efficient drawing and plating operations with strong yield control. Vendors offering consignment stock, rapid replacement for breakages, and on-site training on calendering and splice practices gain traction.

Steel Tire Cord Market Segmentation

By Type
  • Brass Coated
  • Zinc Coated
  • Copper Coated
  • Others

    By Application
  • Passenger Vehicle Tires
  • Commercial Vehicle Tires
  • Two-Wheeler Tires
  • Aircraft Tires
  • Industrial Tires

    Key Market players

    Bekaert, Kiswire, Hyosung Steelcord, Jiangsu Xingda, Shougang Concord Century, Tokusen Kogyo, Bridgestone Metalpha, Siam Steel Cord, Hyundai BNG Steel, ArcelorMittal, Henan Hengxing, Shagang Wire, TrefilArbed, Kobe Steel, Sumitomo Electric

    Steel Tire Cord Market Analytics

    The report employs rigorous tools, including Porter’s Five Forces, value chain mapping, and scenario-based modelling, to assess supply–demand dynamics. Cross-sector influences from parent, derived, and substitute markets are evaluated to identify risks and opportunities. Trade and pricing analytics provide an up-to-date view of international flows, including leading exporters, importers, and regional price trends.Macroeconomic indicators, policy frameworks such as carbon pricing and energy security strategies, and evolving consumer behaviour are considered in forecasting scenarios. Recent deal flows, partnerships, and technology innovations are incorporated to assess their impact on future market performance.

    Steel Tire Cord Market Competitive Intelligence

    The competitive landscape is mapped through OG Analysis’ proprietary frameworks, profiling leading companies with details on business models, product portfolios, financial performance, and strategic initiatives. Key developments such as mergers & acquisitions, technology collaborations, investment inflows, and regional expansions are analyzed for their competitive impact. The report also identifies emerging players and innovative startups contributing to market disruption.Regional insights highlight the most promising investment destinations, regulatory landscapes, and evolving partnerships across energy and industrial corridors.

    Countries Covered

    • North America — Steel Tire Cord market data and outlook to 2034
      • United States
      • Canada
      • Mexico
    • Europe — Steel Tire Cord market data and outlook to 2034
      • Germany
      • United Kingdom
      • France
      • Italy
      • Spain
      • BeNeLux
      • Russia
      • Sweden
    • Asia-Pacific — Steel Tire Cord market data and outlook to 2034
      • China
      • Japan
      • India
      • South Korea
      • Australia
      • Indonesia
      • Malaysia
      • Vietnam
    • Middle East and Africa — Steel Tire Cord market data and outlook to 2034
      • Saudi Arabia
      • South Africa
      • Iran
      • UAE
      • Egypt
    • South and Central America — Steel Tire Cord market data and outlook to 2034
      • Brazil
      • Argentina
      • Chile
      • Peru

    * We can include data and analysis of additional countries on demand.

    Research Methodology

    This study combines primary inputs from industry experts across the Steel Tire Cord value chain with secondary data from associations, government publications, trade databases, and company disclosures. Proprietary modeling techniques, including data triangulation, statistical correlation, and scenario planning, are applied to deliver reliable market sizing and forecasting.

    Key Questions Addressed

  • What is the current and forecast market size of the Steel Tire Cord industry at global, regional, and country levels?
  • Which types, applications, and technologies present the highest growth potential?
  • How are supply chains adapting to geopolitical and economic shocks?
  • What role do policy frameworks, trade flows, and sustainability targets play in shaping demand?
  • Who are the leading players, and how are their strategies evolving in the face of global uncertainty?
  • Which regional “hotspots” and customer segments will outpace the market, and what go-to-market and partnership models best support entry and expansion?
  • Where are the most investable opportunities—across technology roadmaps, sustainability-linked innovation, and M&A—and what is the best segment to invest over the next 3–5 years?

    Your Key Takeaways from the Steel Tire Cord Market Report

    • Global Steel Tire Cord market size and growth projections (CAGR), 2024-2034
    • Impact of Russia-Ukraine, Israel-Palestine, and Hamas conflicts on Steel Tire Cord trade, costs, and supply chains
    • Steel Tire Cord market size, share, and outlook across 5 regions and 27 countries, 2023-2034
    • Steel Tire Cord market size, CAGR, and market share of key products, applications, and end-user verticals, 2023-2034
    • Short- and long-term Steel Tire Cord market trends, drivers, restraints, and opportunities
    • Porter’s Five Forces analysis, technological developments, and Steel Tire Cord supply chain analysis
    • Steel Tire Cord trade analysis, Steel Tire Cord market price analysis, and Steel Tire Cord supply/demand dynamics
    • Profiles of 5 leading companies—overview, key strategies, financials, and products
    • Latest Steel Tire Cord market news and developments

    • Table of Contents

    1. Table of Contents
    1.1 List of Tables
    1.2 List of Figures

    2. Global Steel Tire Cord Market Summary, 2025
    2.1 Steel Tire Cord Industry Overview
    2.1.1 Global Steel Tire Cord Market Revenues (In US$ billion)
    2.2 Steel Tire Cord Market Scope
    2.3 Research Methodology

    3. Steel Tire Cord Market Insights, 2024-2034
    3.1 Steel Tire Cord Market Drivers
    3.2 Steel Tire Cord Market Restraints
    3.3 Steel Tire Cord Market Opportunities
    3.4 Steel Tire Cord Market Challenges
    3.5 Tariff Impact on Global Steel Tire Cord Supply Chain Patterns

    4. Steel Tire Cord Market Analytics
    4.1 Steel Tire Cord Market Size and Share, Key Products, 2025 Vs 2034
    4.2 Steel Tire Cord Market Size and Share, Dominant Applications, 2025 Vs 2034
    4.3 Steel Tire Cord Market Size and Share, Leading End Uses, 2025 Vs 2034
    4.4 Steel Tire Cord Market Size and Share, High Growth Countries, 2025 Vs 2034
    4.5 Five Forces Analysis for Global Steel Tire Cord Market
    4.5.1 Steel Tire Cord Industry Attractiveness Index, 2025
    4.5.2 Steel Tire Cord Supplier Intelligence
    4.5.3 Steel Tire Cord Buyer Intelligence
    4.5.4 Steel Tire Cord Competition Intelligence
    4.5.5 Steel Tire Cord Product Alternatives and Substitutes Intelligence
    4.5.6 Steel Tire Cord Market Entry Intelligence

    5. Global Steel Tire Cord Market Statistics – Industry Revenue, Market Share, Growth Trends and Forecast by segments, to 2034
    5.1 World Steel Tire Cord Market Size, Potential and Growth Outlook, 2024- 2034 ($ billion)
    5.1 Global Steel Tire Cord Sales Outlook and CAGR Growth By Type, 2024- 2034 ($ billion)
    5.2 Global Steel Tire Cord Sales Outlook and CAGR Growth By Application, 2024- 2034 ($ billion)
    5.3 Global Steel Tire Cord Sales Outlook and CAGR Growth By Segmentation3, 2024- 2034 ($ billion)
    5.4 Global Steel Tire Cord Market Sales Outlook and Growth by Region, 2024- 2034 ($ billion)

    6. Asia Pacific Steel Tire Cord Industry Statistics – Market Size, Share, Competition and Outlook
    6.1 Asia Pacific Steel Tire Cord Market Insights, 2025
    6.2 Asia Pacific Steel Tire Cord Market Revenue Forecast By Type, 2024- 2034 (USD billion)
    6.3 Asia Pacific Steel Tire Cord Market Revenue Forecast By Application, 2024- 2034 (USD billion)
    6.4 Asia Pacific Steel Tire Cord Market Revenue Forecast By Segmentation3, 2024- 2034 (USD billion)
    6.5 Asia Pacific Steel Tire Cord Market Revenue Forecast by Country, 2024- 2034 (USD billion)
    6.5.1 China Steel Tire Cord Market Size, Opportunities, Growth 2024- 2034
    6.5.2 India Steel Tire Cord Market Size, Opportunities, Growth 2024- 2034
    6.5.3 Japan Steel Tire Cord Market Size, Opportunities, Growth 2024- 2034
    6.5.4 Australia Steel Tire Cord Market Size, Opportunities, Growth 2024- 2034

    7. Europe Steel Tire Cord Market Data, Penetration, and Business Prospects to 2034
    7.1 Europe Steel Tire Cord Market Key Findings, 2025
    7.2 Europe Steel Tire Cord Market Size and Percentage Breakdown By Type, 2024- 2034 (USD billion)
    7.3 Europe Steel Tire Cord Market Size and Percentage Breakdown By Application, 2024- 2034 (USD billion)
    7.4 Europe Steel Tire Cord Market Size and Percentage Breakdown By Segmentation3, 2024- 2034 (USD billion)
    7.5 Europe Steel Tire Cord Market Size and Percentage Breakdown by Country, 2024- 2034 (USD billion)
    7.5.1 Germany Steel Tire Cord Market Size, Trends, Growth Outlook to 2034
    7.5.2 United Kingdom Steel Tire Cord Market Size, Trends, Growth Outlook to 2034
    7.5.2 France Steel Tire Cord Market Size, Trends, Growth Outlook to 2034
    7.5.2 Italy Steel Tire Cord Market Size, Trends, Growth Outlook to 2034
    7.5.2 Spain Steel Tire Cord Market Size, Trends, Growth Outlook to 2034

    8. North America Steel Tire Cord Market Size, Growth Trends, and Future Prospects to 2034
    8.1 North America Snapshot, 2025
    8.2 North America Steel Tire Cord Market Analysis and Outlook By Type, 2024- 2034 ($ billion)
    8.3 North America Steel Tire Cord Market Analysis and Outlook By Application, 2024- 2034 ($ billion)
    8.4 North America Steel Tire Cord Market Analysis and Outlook By Segmentation3, 2024- 2034 ($ billion)
    8.5 North America Steel Tire Cord Market Analysis and Outlook by Country, 2024- 2034 ($ billion)
    8.5.1 United States Steel Tire Cord Market Size, Share, Growth Trends and Forecast, 2024- 2034
    8.5.1 Canada Steel Tire Cord Market Size, Share, Growth Trends and Forecast, 2024- 2034
    8.5.1 Mexico Steel Tire Cord Market Size, Share, Growth Trends and Forecast, 2024- 2034

    9. South and Central America Steel Tire Cord Market Drivers, Challenges, and Future Prospects
    9.1 Latin America Steel Tire Cord Market Data, 2025
    9.2 Latin America Steel Tire Cord Market Future By Type, 2024- 2034 ($ billion)
    9.3 Latin America Steel Tire Cord Market Future By Application, 2024- 2034 ($ billion)
    9.4 Latin America Steel Tire Cord Market Future By Segmentation3, 2024- 2034 ($ billion)
    9.5 Latin America Steel Tire Cord Market Future by Country, 2024- 2034 ($ billion)
    9.5.1 Brazil Steel Tire Cord Market Size, Share and Opportunities to 2034
    9.5.2 Argentina Steel Tire Cord Market Size, Share and Opportunities to 2034

    10. Middle East Africa Steel Tire Cord Market Outlook and Growth Prospects
    10.1 Middle East Africa Overview, 2025
    10.2 Middle East Africa Steel Tire Cord Market Statistics By Type, 2024- 2034 (USD billion)
    10.3 Middle East Africa Steel Tire Cord Market Statistics By Application, 2024- 2034 (USD billion)
    10.4 Middle East Africa Steel Tire Cord Market Statistics By Segmentation3, 2024- 2034 (USD billion)
    10.5 Middle East Africa Steel Tire Cord Market Statistics by Country, 2024- 2034 (USD billion)
    10.5.1 Middle East Steel Tire Cord Market Value, Trends, Growth Forecasts to 2034
    10.5.2 Africa Steel Tire Cord Market Value, Trends, Growth Forecasts to 2034

    11. Steel Tire Cord Market Structure and Competitive Landscape
    11.1 Key Companies in Steel Tire Cord Industry
    11.2 Steel Tire Cord Business Overview
    11.3 Steel Tire Cord Product Portfolio Analysis
    11.4 Financial Analysis
    11.5 SWOT Analysis

    12 Appendix
    12.1 Global Steel Tire Cord Market Volume (Tons)
    12.1 Global Steel Tire Cord Trade and Price Analysis
    12.2 Steel Tire Cord Parent Market and Other Relevant Analysis
    12.3 Publisher Expertise
    12.2 Steel Tire Cord Industry Report Sources and Methodology

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