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Steel Cord-Global Market Insights and Sales Trends 2025
Synopsis
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.
The global Steel Cord market size is expected to reach US$ 7175.5 million by 2029, growing at a CAGR of 5.1% from 2023 to 2029. The market is mainly driven by the significant applications of Steel Cord in various end use industries. The expanding demands from the Freight Car Use, Passenger Car Use and Others,, are propelling Steel Cord market. Normal Tensile (NT), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the High Tensile (HT) segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Steel Cord, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Steel Cord market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Steel Cord market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Steel Cord sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Steel Cord covered in this report include Bekaert, Jiangsu Xingda Steel Cord, ArcelorMittal, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen and Tokyo Rope MFG, etc.
The global Steel Cord market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Steel Cord market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Steel Cord market, Segment by Type:
Normal Tensile (NT)
High Tensile (HT)
Super Tensile (ST)
Ultra Tensile (UT)
Global Steel Cord market, by Application
Freight Car Use
Passenger Car Use
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Steel Cord manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Steel Cord in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
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.
The global Steel Cord market size is expected to reach US$ 7175.5 million by 2029, growing at a CAGR of 5.1% from 2023 to 2029. The market is mainly driven by the significant applications of Steel Cord in various end use industries. The expanding demands from the Freight Car Use, Passenger Car Use and Others,, are propelling Steel Cord market. Normal Tensile (NT), one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the High Tensile (HT) segment is estimated at % CAGR for the next seven-year period.
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.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, by Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for Steel Cord, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global Steel Cord market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global Steel Cord market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, Steel Cord sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of Steel Cord covered in this report include Bekaert, Jiangsu Xingda Steel Cord, ArcelorMittal, Hyosung, Shandong SNTON Steel Cord, Bridgestone, Shougang Century, Tokusen and Tokyo Rope MFG, etc.
The global Steel Cord market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
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
Global Steel Cord market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global Steel Cord market, Segment by Type:
Normal Tensile (NT)
High Tensile (HT)
Super Tensile (ST)
Ultra Tensile (UT)
Global Steel Cord market, by Application
Freight Car Use
Passenger Car Use
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of Steel Cord manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of Steel Cord in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments by Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, 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 Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 Steel Cord Market Overview
1.1 Steel Cord Product Overview
1.2 Steel Cord Market Segment by Type
1.2.1 Normal Tensile (NT)
1.2.2 High Tensile (HT)
1.2.3 Super Tensile (ST)
1.2.4 Ultra Tensile (UT)
1.3 Global Steel Cord Market Size by Type
1.3.1 Global Steel Cord Market Size Overview by Type (2018-2029)
1.3.2 Global Steel Cord Historic Market Size Review by Type (2018-2023)
1.3.3 Global Steel Cord Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America Steel Cord Sales Breakdown by Type (2018-2023)
1.4.2 Europe Steel Cord Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific Steel Cord Sales Breakdown by Type (2018-2023)
1.4.4 Latin America Steel Cord Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa Steel Cord Sales Breakdown by Type (2018-2023)
2 Global Steel Cord Market Competition by Company
2.1 Global Top Players by Steel Cord Sales (2018-2023)
2.2 Global Top Players by Steel Cord Revenue (2018-2023)
2.3 Global Top Players by Steel Cord Price (2018-2023)
2.4 Global Top Manufacturers Steel Cord Manufacturing Base Distribution, Sales Area, Product Type
2.5 Steel Cord Market Competitive Situation and Trends
2.5.1 Steel Cord Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by Steel Cord Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in Steel Cord as of 2022)
2.7 Date of Key Manufacturers Enter into Steel Cord Market
2.8 Key Manufacturers Steel Cord Product Offered
2.9 Mergers & Acquisitions, Expansion
3 Steel Cord Status and Outlook by Region
3.1 Global Steel Cord Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global Steel Cord Historic Market Size by Region
3.2.1 Global Steel Cord Sales in Volume by Region (2018-2023)
3.2.2 Global Steel Cord Sales in Value by Region (2018-2023)
3.2.3 Global Steel Cord Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global Steel Cord Forecasted Market Size by Region
3.3.1 Global Steel Cord Sales in Volume by Region (2024-2029)
3.3.2 Global Steel Cord Sales in Value by Region (2024-2029)
3.3.3 Global Steel Cord Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global Steel Cord by Application
4.1 Steel Cord Market Segment by Application
4.1.1 Freight Car Use
4.1.2 Passenger Car Use
4.1.3 Others
4.2 Global Steel Cord Market Size by Application
4.2.1 Global Steel Cord Market Size Overview by Application (2018-2029)
4.2.2 Global Steel Cord Historic Market Size Review by Application (2018-2023)
4.2.3 Global Steel Cord Forecasted Market Size by Application (2024-2029)
4.3 Key Regions Market Size Segment by Application
4.3.1 North America Steel Cord Sales Breakdown by Application (2018-2023)
4.3.2 Europe Steel Cord Sales Breakdown by Application (2018-2023)
4.3.3 Asia-Pacific Steel Cord Sales Breakdown by Application (2018-2023)
4.3.4 Latin America Steel Cord Sales Breakdown by Application (2018-2023)
4.3.5 Middle East and Africa Steel Cord Sales Breakdown by Application (2018-2023)
5 North America Steel Cord by Country
5.1 North America Steel Cord Historic Market Size by Country
5.1.1 North America Steel Cord Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America Steel Cord Sales in Volume by Country (2018-2023)
5.1.3 North America Steel Cord Sales in Value by Country (2018-2023)
5.2 North America Steel Cord Forecasted Market Size by Country
5.2.1 North America Steel Cord Sales in Volume by Country (2024-2029)
5.2.2 North America Steel Cord Sales in Value by Country (2024-2029)
6 Europe Steel Cord by Country
6.1 Europe Steel Cord Historic Market Size by Country
6.1.1 Europe Steel Cord Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe Steel Cord Sales in Volume by Country (2018-2023)
6.1.3 Europe Steel Cord Sales in Value by Country (2018-2023)
6.2 Europe Steel Cord Forecasted Market Size by Country
6.2.1 Europe Steel Cord Sales in Volume by Country (2024-2029)
6.2.2 Europe Steel Cord Sales in Value by Country (2024-2029)
7 Asia-Pacific Steel Cord by Region
7.1 Asia-Pacific Steel Cord Historic Market Size by Region
7.1.1 Asia-Pacific Steel Cord Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific Steel Cord Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific Steel Cord Sales in Value by Region (2018-2023)
7.2 Asia-Pacific Steel Cord Forecasted Market Size by Region
7.2.1 Asia-Pacific Steel Cord Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific Steel Cord Sales in Value by Region (2024-2029)
8 Latin America Steel Cord by Country
8.1 Latin America Steel Cord Historic Market Size by Country
8.1.1 Latin America Steel Cord Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America Steel Cord Sales in Volume by Country (2018-2023)
8.1.3 Latin America Steel Cord Sales in Value by Country (2018-2023)
8.2 Latin America Steel Cord Forecasted Market Size by Country
8.2.1 Latin America Steel Cord Sales in Volume by Country (2024-2029)
8.2.2 Latin America Steel Cord Sales in Value by Country (2024-2029)
9 Middle East and Africa Steel Cord by Country
9.1 Middle East and Africa Steel Cord Historic Market Size by Country
9.1.1 Middle East and Africa Steel Cord Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa Steel Cord Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa Steel Cord Sales in Value by Country (2018-2023)
9.2 Middle East and Africa Steel Cord Forecasted Market Size by Country
9.2.1 Middle East and Africa Steel Cord Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa Steel Cord Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Bekaert
10.1.1 Bekaert Company Information
10.1.2 Bekaert Introduction and Business Overview
10.1.3 Bekaert Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Bekaert Steel Cord Products Offered
10.1.5 Bekaert Recent Development
10.2 Jiangsu Xingda Steel Cord
10.2.1 Jiangsu Xingda Steel Cord Company Information
10.2.2 Jiangsu Xingda Steel Cord Introduction and Business Overview
10.2.3 Jiangsu Xingda Steel Cord Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Jiangsu Xingda Steel Cord Steel Cord Products Offered
10.2.5 Jiangsu Xingda Steel Cord Recent Development
10.3 ArcelorMittal
10.3.1 ArcelorMittal Company Information
10.3.2 ArcelorMittal Introduction and Business Overview
10.3.3 ArcelorMittal Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.3.4 ArcelorMittal Steel Cord Products Offered
10.3.5 ArcelorMittal Recent Development
10.4 Hyosung
10.4.1 Hyosung Company Information
10.4.2 Hyosung Introduction and Business Overview
10.4.3 Hyosung Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Hyosung Steel Cord Products Offered
10.4.5 Hyosung Recent Development
10.5 Shandong SNTON Steel Cord
10.5.1 Shandong SNTON Steel Cord Company Information
10.5.2 Shandong SNTON Steel Cord Introduction and Business Overview
10.5.3 Shandong SNTON Steel Cord Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.5.4 Shandong SNTON Steel Cord Steel Cord Products Offered
10.5.5 Shandong SNTON Steel Cord Recent Development
10.6 Bridgestone
10.6.1 Bridgestone Company Information
10.6.2 Bridgestone Introduction and Business Overview
10.6.3 Bridgestone Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Bridgestone Steel Cord Products Offered
10.6.5 Bridgestone Recent Development
10.7 Shougang Century
10.7.1 Shougang Century Company Information
10.7.2 Shougang Century Introduction and Business Overview
10.7.3 Shougang Century Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.7.4 Shougang Century Steel Cord Products Offered
10.7.5 Shougang Century Recent Development
10.8 Tokusen
10.8.1 Tokusen Company Information
10.8.2 Tokusen Introduction and Business Overview
10.8.3 Tokusen Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Tokusen Steel Cord Products Offered
10.8.5 Tokusen Recent Development
10.9 Tokyo Rope MFG
10.9.1 Tokyo Rope MFG Company Information
10.9.2 Tokyo Rope MFG Introduction and Business Overview
10.9.3 Tokyo Rope MFG Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.9.4 Tokyo Rope MFG Steel Cord Products Offered
10.9.5 Tokyo Rope MFG Recent Development
10.10 Hubei Fuxing New Material
10.10.1 Hubei Fuxing New Material Company Information
10.10.2 Hubei Fuxing New Material Introduction and Business Overview
10.10.3 Hubei Fuxing New Material Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.10.4 Hubei Fuxing New Material Steel Cord Products Offered
10.10.5 Hubei Fuxing New Material Recent Development
10.11 BMZ
10.11.1 BMZ Company Information
10.11.2 BMZ Introduction and Business Overview
10.11.3 BMZ Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.11.4 BMZ Steel Cord Products Offered
10.11.5 BMZ Recent Development
10.12 Henan Hengxing
10.12.1 Henan Hengxing Company Information
10.12.2 Henan Hengxing Introduction and Business Overview
10.12.3 Henan Hengxing Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.12.4 Henan Hengxing Steel Cord Products Offered
10.12.5 Henan Hengxing Recent Development
10.13 Junma Tyre Cord
10.13.1 Junma Tyre Cord Company Information
10.13.2 Junma Tyre Cord Introduction and Business Overview
10.13.3 Junma Tyre Cord Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.13.4 Junma Tyre Cord Steel Cord Products Offered
10.13.5 Junma Tyre Cord Recent Development
10.14 Sumitomo Electric Industries
10.14.1 Sumitomo Electric Industries Company Information
10.14.2 Sumitomo Electric Industries Introduction and Business Overview
10.14.3 Sumitomo Electric Industries Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.14.4 Sumitomo Electric Industries Steel Cord Products Offered
10.14.5 Sumitomo Electric Industries Recent Development
10.15 Sodetal
10.15.1 Sodetal Company Information
10.15.2 Sodetal Introduction and Business Overview
10.15.3 Sodetal Steel Cord Sales, Revenue and Gross Margin (2018-2023)
10.15.4 Sodetal Steel Cord Products Offered
10.15.5 Sodetal Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 Steel Cord Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 Steel Cord Industrial Chain Analysis
11.4 Steel Cord Market Dynamics
11.4.1 Steel Cord Industry Trends
11.4.2 Steel Cord Market Drivers
11.4.3 Steel Cord Market Challenges
11.4.4 Steel Cord Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 Steel Cord Distributors
12.3 Steel Cord Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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