Tire Cord Fabrics Market
Tire Cord Fabrics Market Report offers an industry-wide analysis of the market, including precise assessment of the demand for the Tire Cord Fabrics Market and accurate market insights that allow readers to identify the existing opportunities and threats and optimize their investments. It offers the global sector across key regional markets and gives an extensive investigation and statistical analysis of vital market elements. The study also performs an elaborate industry-wide competitive analysis, highlighting the major companies in the Tire Cord Fabrics Market that regulate a substantial portion of the global market share and infers beneficial prospects and hurdles to help the reader invest wisely.
Market Size – USD 4.50 Billion in 2018, Market Growth – CAGR of 5.0%, Market Trends –Increasing demand for eco-friendly tire cord fabrics
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The global Tire cord fabrics market is forecast to reach USD 6.74 Billion by 2026, according to a new report by Reports and Data. The primary factor contributing to the expansion of the market is the continuously expanding automobile industry.
The following manufacturers have been studied in this report by assessing the sales, gross revenue, and market share for each company:
Hyosung Corporation, Indorama Ventures Public Company Limited, Kolon Industries Inc., Kordsa Teknik Tekstil A.S., SRF Ltd, Century Enka Limited, Toray Industries Inc, Teijin Ltd., Firestone Fibers & Textile Company, and Shenma Industrial Co. Ltd.
The information relating to the Tire Cord Fabrics market that has been collected and analyzed in the report will allow a brand engaged in the sector to get the upper hand against leading players in the global landscape. This report offers insights into the competitive scenario in the market. It also delivers a progressive perspective relating to different market aspects driving or curtailing the growth of the market.
For the purpose of this report, Reports and Data have segmented the global tire cord fabrics market according to Tire Type, Vehicle Type, Raw Material, Application, and Region:
Tire Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Radial Tires
- High-Performance Tires
- Bias Tires
Vehicle Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Commercial Vehicles
- Passenger Cars
Raw Material Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
- Original Equipment Manufacturer [OEM]
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The report will offer a clear view of each and every fact relating to the industry, rendering it unnecessary to refer to any other source of information or a data source. Our report will deliver all details relating to the historical development, existing scenario, and accurate insights into the Tire Cord Fabrics Market.
Regional Landscape Analysis for Tire Cord Fabrics Market:
North America (United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
Further key findings from the report suggest
- The tire cord fabrics market held a market share of USD 4.50 Billion in the year 2018. It is projected to witness a growth rate of 5.0% during the forecast period.
- In regards to tire type, the radial tires segment generated the highest revenue of USD 3.06 Billion in 2018, with a growth rate of 5.2% during the forecast period. Its increased preference among end-users are due to its benefits like higher flexibility as compared to bias-ply tires which increases the ride comfort, and improved handling of the vehicle, thus contributing to the revenue generated by this segment.
- In context to Vehicle Type, the Passenger Cars segment yielded a higher revenue of USD 2.79 Billion in 2018 with a faster CAGR of 5.7% during the forecast period. Increasing buying power of customers in developing regions, like India & China, and the resulting elevated production, sales of passenger vehicles and associated increased demand for this fabric contribute to the revenue generated by this segment.
We can customize our reports as per customer requirements, for instance, add or remove manufacturers, applications, or product types in the report. Ask for customization by contacting [email protected] https://www.reportsanddata.com/make-enquiry-form/1949
In conclusion, the Tire Cord Fabrics Market report is a reliable source for accessing the Market data that will exponentially accelerate your business. The report provides the principal locale, economic scenarios with the item value, benefit, supply, limit, generation, request, Market development rate, and figure and so on. Besides, the report presents a new task SWOT analysis, speculation attainability investigation, and venture return investigation.
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