Steel Tire Cord Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025

Description

Persistence Market Research has recently released a comprehensive report on the global Steel Tire Cord market. The report offers an in-depth analysis of key market dynamics, including growth drivers, emerging trends, opportunities, and challenges, providing a clear understanding of the market structure. This research publication presents exclusive data and statistics outlining the expected growth trajectory of the global Steel Tire Cord market from 2025 to 2032.

Key Insights:

Steel Tire Cord Market Size (2025E): USD 5.43 Billion
Projected Market Value (2032F): USD 8 Billion
Global Market Growth Rate (CAGR 2025 to 2032): 5.7%

Steel Tire Cord Market - Report Scope:

Steel Tire Cord is a vital component used in the production of tires, particularly in the automotive and industrial sectors. This market covers steel cords used for radial and bias-ply tires, which enhance tire performance by offering greater strength, durability, and resistance to wear. The market includes various steel tire cord types, such as high carbon, medium carbon, and low carbon, based on their specific applications. Steel tire cord is widely used in tire manufacturing, including for passenger cars, commercial vehicles, and off-road vehicles, contributing to tire longevity and performance.

The market's growth is largely driven by the increasing demand for high-performance tires, the rise in automobile production, and the growing trend of manufacturing eco-friendly tires. Additionally, the expansion of the automotive and transportation industries in emerging economies contributes significantly to the rising demand for steel tire cord.

Market Growth Drivers:

Several key factors are propelling the growth of the global Steel Tire Cord market. Rising automobile production, especially in developing countries such as China and India, is a primary driver, as these regions experience rapid urbanization and industrialization. Additionally, growing demand for electric vehicles (EVs) and advancements in tire technologies contribute to the need for durable and high-performance tire materials like steel tire cord. Steel tire cords also play a crucial role in enhancing fuel efficiency, safety, and load-bearing capacity in modern vehicles, further fueling market growth. Moreover, the increasing focus on reducing environmental impact has led to advancements in tire production technologies that integrate sustainable materials, boosting the demand for specialized tire cords.

Market Restraints:

Despite the promising growth prospects, the Steel Tire Cord market faces several challenges. The high cost of raw materials, such as steel and carbon, can increase production costs for manufacturers, which may, in turn, affect overall market growth. Moreover, fluctuations in global steel prices and supply chain disruptions due to geopolitical tensions can create instability in the market. Additionally, the limited number of manufacturers producing high-quality steel tire cords, particularly for premium and specialized tire segments, can restrict the availability of these products and hinder competition.

Market Opportunities:

The Steel Tire Cord market presents notable opportunities, especially with the rise in global automotive production and the growing demand for more fuel-efficient and sustainable vehicles. Increasing investments in research and development, particularly in the area of lightweight and durable materials, create opportunities for market players to develop advanced tire cords that cater to evolving automotive needs. Furthermore, innovations in tire technologies, such as smart tires, which are equipped with sensors for real-time monitoring, offer new applications for steel tire cords, thus expanding market potential. Strategic partnerships between tire manufacturers and steel producers can also enable a stronger market presence and facilitate technological advancements in steel tire cord production.

Key Questions Answered in the Report:

What are the key drivers influencing the growth of the global Steel Tire Cord market?
Which regions are witnessing the most significant growth in demand for steel tire cords?
How are technological advancements shaping the future of the Steel Tire Cord market?
Who are the key market players, and what strategies are they adopting for market expansion?
What are the emerging trends and opportunities in the global Steel Tire Cord market?

Competitive Intelligence and Business Strategy:

Leading players in the global Steel Tire Cord market, including companies such as Bekaert, Kordsa, and Hyosung Corporation, focus on product innovation, cost optimization, and strategic partnerships to expand their market share. These companies invest in enhancing the quality of steel tire cords, exploring new production techniques, and increasing their footprint in emerging markets. Moreover, the increasing demand for electric vehicle tires and high-performance tires presents an opportunity for these companies to develop specialized tire cords suited for EVs and other advanced vehicle types.

Key Companies Profiled:

Bekaert
Sumitomo Electric Industries, Ltd.
Jiangsu Xingda Steel Tyre Cord Co., Ltd.
Hyosung Corporation
Bridgestone (Shenyang) Steelcord Co., Ltd.
Kolon Industries
Zhangjiagang Junma Steel Cord Co., Ltd.
Tokusen Kogyo Co., Ltd.
Tokyo Rope Mfg. Co., Ltd.
Saarstahl AG

Steel Tire Cord Market Segmentation

By Product Type

Brass Coated
Zinc Coated
Copper Coated

By Application

Passenger Vehicles (PV)
Commercial Vehicles (CV)
Off-the-Road (OTR) Tires
Two-Wheelers
Aircraft Tires

By Region

North America
Europe
East Asia
South Asia and Oceania
Middle East and Africa
Latin America

Product Code: PMRREP35134

1. Executive Summary

1.1. Global Steel Tire Cord Market Snapshot, 2025
1.2. Market Opportunity Assessment, 2025 - 2032, US$ Bn
1.3. Key Market Trends
1.4. Future Market Projections
1.5. Premium Market Insights
1.6. Industry Developments and Key Market Events
1.7. PMR Analysis and Recommendations

2. Market Overview

2.1. Market Definitions and Segmentations
2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
2.3. Value Chain Analysis
2.4. Porter's Five Forces Analysis
2.5. PESTLE Analysis
2.6. COVID-19 Impact Analysis
2.7. Economic Overview
2.8. Regulations and Certifications

3. Macro-economic and Forecast Factors

3.1. Global Economic Growth Outlook
3.2. GDP Growth Outlook
3.3. Global Sectoral Growth Outlook
3.4. Other Macroeconomic Factors

4. Global Steel Tire Cord Market Outlook, 2019 - 2032

4.1. Global Steel Tire Cord Market Outlook, by Product Type, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 4.1.1. Key Highlights
  - 4.1.1.1. Brass Coated
  - 4.1.1.2. Zinc Coated
  - 4.1.1.3. Copper Coated
  - 4.1.1.4. Others
4.2. Global Steel Tire Cord Market Outlook, by Application, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 4.2.1. Key Highlights
  - 4.2.1.1. Passenger Vehicles (PV)
  - 4.2.1.2. Commercial Vehicles (CV)
    - 4.2.1.2.1. Light Commercial Vehicles (LCV)
    - 4.2.1.2.2. Heavy Commercial Vehicles (HCV)
  - 4.2.1.3. Off-the-Road (OTR) Tires
  - 4.2.1.4. Two-Wheelers
  - 4.2.1.5. Aircraft Tires
4.3. Global Steel Tire Cord Market Outlook, by Region, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 4.3.1. Key Highlights
  - 4.3.1.1. North America
  - 4.3.1.2. Europe
  - 4.3.1.3. East Asia
  - 4.3.1.4. South Asia & Oceania
  - 4.3.1.5. Latin America
  - 4.3.1.6. Middle East & Africa

5. North America Steel Tire Cord Market Outlook, 2019 - 2032

5.1. North America Steel Tire Cord Market Outlook, by Product Type, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 5.1.1. Key Highlights
  - 5.1.1.1. Brass Coated
  - 5.1.1.2. Zinc Coated
  - 5.1.1.3. Copper Coated
  - 5.1.1.4. Others
5.2. North America Steel Tire Cord Market Outlook, by Application, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 5.2.1. Key Highlights
  - 5.2.1.1. Passenger Vehicles (PV)
  - 5.2.1.2. Commercial Vehicles (CV)
    - 5.2.1.2.1. Light Commercial Vehicles (LCV)
    - 5.2.1.2.2. Heavy Commercial Vehicles (HCV)
  - 5.2.1.3. Off-the-Road (OTR) Tires
  - 5.2.1.4. Two-Wheelers
  - 5.2.1.5. Aircraft Tires
5.3. North America Steel Tire Cord Market Outlook, by Country, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 5.3.1. Key Highlights
  - 5.3.1.1. U.S.
  - 5.3.1.2. Canada
- 5.3.2. BPS Analysis/Market Attractiveness Analysis

6. Europe Steel Tire Cord Market Outlook, 2019 - 2032

6.1. Europe Steel Tire Cord Market Outlook, by Product Type, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 6.1.1. Key Highlights
  - 6.1.1.1. Brass Coated
  - 6.1.1.2. Zinc Coated
  - 6.1.1.3. Copper Coated
  - 6.1.1.4. Others
6.2. Europe Steel Tire Cord Market Outlook, by Application, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 6.2.1. Key Highlights
  - 6.2.1.1. Passenger Vehicles (PV)
  - 6.2.1.2. Commercial Vehicles (CV)
    - 6.2.1.2.1. Light Commercial Vehicles (LCV)
    - 6.2.1.2.2. Heavy Commercial Vehicles (HCV)
  - 6.2.1.3. Off-the-Road (OTR) Tires
  - 6.2.1.4. Two-Wheelers
  - 6.2.1.5. Aircraft Tires
6.3. Europe Steel Tire Cord Market Outlook, by Country, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 6.3.1. Key Highlights
  - 6.3.1.1. Germany
  - 6.3.1.2. Italy
  - 6.3.1.3. France
  - 6.3.1.4. U.K.
  - 6.3.1.5. Spain
  - 6.3.1.6. Russia
  - 6.3.1.7. Rest of Europe
- 6.3.2. BPS Analysis/Market Attractiveness Analysis

7. South Asia & Oceania Steel Tire Cord Market Outlook, 2019 - 2032

7.1. South Asia & Oceania Steel Tire Cord Market Outlook, by Product Type, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 7.1.1. Key Highlights
  - 7.1.1.1. Brass Coated
  - 7.1.1.2. Zinc Coated
  - 7.1.1.3. Copper Coated
  - 7.1.1.4. Others
7.2. South Asia & Oceania Steel Tire Cord Market Outlook, by Application, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 7.2.1. Key Highlights
  - 7.2.1.1. Passenger Vehicles (PV)
  - 7.2.1.2. Commercial Vehicles (CV)
    - 7.2.1.2.1. Light Commercial Vehicles (LCV)
    - 7.2.1.2.2. Heavy Commercial Vehicles (HCV)
  - 7.2.1.3. Off-the-Road (OTR) Tires
  - 7.2.1.4. Two-Wheelers
  - 7.2.1.5. Aircraft Tires
7.3. South Asia & Oceania Steel Tire Cord Market Outlook, by Country, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 7.3.1. Key Highlights
  - 7.3.1.1. India
  - 7.3.1.2. Southeast
  - 7.3.1.3. ANZ
  - 7.3.1.4. Rest of South Asia & Oceania
- 7.3.2. BPS Analysis/Market Attractiveness Analysis

8. East Asia Steel Tire Cord Market Outlook, 2019 - 2032

8.1. East Asia Steel Tire Cord Market Outlook, by Product Type, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 8.1.1. Key Highlights
  - 8.1.1.1. Brass Coated
  - 8.1.1.2. Zinc Coated
  - 8.1.1.3. Copper Coated
  - 8.1.1.4. Others
8.2. East Asia Steel Tire Cord Market Outlook, by Application, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 8.2.1. Key Highlights
  - 8.2.1.1. Passenger Vehicles (PV)
  - 8.2.1.2. Commercial Vehicles (CV)
    - 8.2.1.2.1. Light Commercial Vehicles (LCV)
    - 8.2.1.2.2. Heavy Commercial Vehicles (HCV)
  - 8.2.1.3. Off-the-Road (OTR) Tires
  - 8.2.1.4. Two-Wheelers
  - 8.2.1.5. Aircraft Tires
8.3. East Asia Steel Tire Cord Market Outlook, by Country, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 8.3.1. Key Highlights
  - 8.3.1.1. China
  - 8.3.1.2. Japan
  - 8.3.1.3. South Korea
- 8.3.2. BPS Analysis/Market Attractiveness Analysis

9. Latin America Steel Tire Cord Market Outlook, 2019 - 2032

9.1. Latin America Steel Tire Cord Market Outlook, by Product Type, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 9.1.1. Key Highlights
  - 9.1.1.1. Brass Coated
  - 9.1.1.2. Zinc Coated
  - 9.1.1.3. Copper Coated
  - 9.1.1.4. Others
9.2. Latin America Steel Tire Cord Market Outlook, by Application, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 9.2.1. Key Highlights
  - 9.2.1.1. Passenger Vehicles (PV)
  - 9.2.1.2. Commercial Vehicles (CV)
    - 9.2.1.2.1. Light Commercial Vehicles (LCV)
    - 9.2.1.2.2. Heavy Commercial Vehicles (HCV)
  - 9.2.1.3. Off-the-Road (OTR) Tires
  - 9.2.1.4. Two-Wheelers
  - 9.2.1.5. Aircraft Tires
9.3. Latin America Steel Tire Cord Market Outlook, by Country, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 9.3.1. Key Highlights
  - 9.3.1.1. Brazil
  - 9.3.1.2. Mexico
  - 9.3.1.3. Rest of Latin America
  - 9.3.1.4. BPS Analysis/Market Attractiveness Analysis

10. Middle East & Africa Steel Tire Cord Market Outlook, 2019 - 2032

10.1. Middle East & Africa Steel Tire Cord Market Outlook, by Product Type, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 10.1.1. Key Highlights
  - 10.1.1.1. Brass Coated
  - 10.1.1.2. Zinc Coated
  - 10.1.1.3. Copper Coated
  - 10.1.1.4. Others
10.2. Middle East & Africa Steel Tire Cord Market Outlook, by Application, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 10.2.1. Key Highlights
  - 10.2.1.1. Passenger Vehicles (PV)
  - 10.2.1.2. Commercial Vehicles (CV)
    - 10.2.1.2.1. Light Commercial Vehicles (LCV)
    - 10.2.1.2.2. Heavy Commercial Vehicles (HCV)
  - 10.2.1.3. Off-the-Road (OTR) Tires
  - 10.2.1.4. Two-Wheelers
  - 10.2.1.5. Aircraft Tires
10.3. Middle East & Africa Steel Tire Cord Market Outlook, by Country, Volume (Units) and Value (US$ Bn), 2019 - 2032
- 10.3.1. Key Highlights
  - 10.3.1.1. GCC
  - 10.3.1.2. South Africa
  - 10.3.1.3. Turkiye
  - 10.3.1.4. Rest of Middle East and Africa

11. Competitive Landscape

11.1. Product Type vs Application Heatmap
11.2. Manufacturer vs Product Type Heatmap
11.3. Company Market Share Analysis, 2024
11.4. Competitive Dashboard
11.5. Company Profiles
- 11.5.1. ?? Bekaert
  - 11.5.1.1. Company Overview
  - 11.5.1.2. Product Portfolio
  - 11.5.1.3. Financial Overview
  - 11.5.1.4. Business Strategies and Development
- 11.5.2. Sumitomo Electric Industries, Ltd.
- 11.5.3. Jiangsu Xingda Steel Tyre Cord Co., Ltd.
- 11.5.4. Hyosung Corporation
- 11.5.5. Bridgestone (Shenyang) Steelcord Co., Ltd.
- 11.5.6. Kolon Industries
- 11.5.7. Zhangjiagang Junma Steel Cord Co., Ltd.
- 11.5.8. Tokusen Kogyo Co., Ltd.
- 11.5.9. Tokyo Rope Mfg. Co., Ltd.
- 11.5.10. Saarstahl AG

12. Appendix

12.1. Research Methodology
12.2. Report Assumptions
12.3. Acronyms and Abbreviations

Steel Tire Cord Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032