Study includes drivers and restraints for the steel cord market along with the impact they have on the demand over the forecast period.
Albany, NY -- (SBWIRE) -- 10/10/2017 -- Steel cord is basically a construction of several thin wires supporting the casting and at the same time managing the tire flexible enough to repel shocks and enhance comfort. The market for steel cord is required majorly in the automobile industry these days, basically for passenger and commercial tyres. To gain more information, a new study titled "Global Steel Cord Market Outlook 2017-2022", has been included in the broad repository of Market Research Hub (MRH). The report highlights the forecast and analysis for the steel cord market on a global and regional level. This evaluation offers historic data of 2012-2016 along with a forecast from 2017 to 2022, on the basis of both volumes and revenue.
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Looking at the current trends in the steel cord market, modern technology is taking over and working to push the industry to new heights. Presently, tyre manufacture comprises the use of steel in the form of cords as reinforcement in the areas of great stress. The implementation of high-quality steel can make sure safety on the road and high stress in the tyres.
The research report starts with an exclusive summary followed by the research methodology and geographic scope. This study includes drivers and restraints for the steel cord market along with the impact it holds on the demand during the period 2017 to 2022. Further, the readers can also learn about the opportunities available in the steel cord market stressing on the global scenario.
As per report information and analytics, the competitive landscape section presents a clear insight into the market share analysis of the major industry players. Readers can gain knowledge about the company overview, product portfolio, financial overview, new project launched as well as recent development analysis. Some of the key vendors studied in the report are Bekaert, Hyosung, ArcelorMittal, Kiswire, Shandong Daye, Jiangsu Xingda, Snton, Shougang, Sumitomo Electric Industries and Jiangsu Junma.
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The report also includes global steel cord market bifurcation based on key applications and regions. Focusing on the key applications, passenger tyres, commercial truck tyres and commercial off-highway tyres are the prime segments. The market reach for steel cord has grown quite extensive. The study drops light at the prominent market regions, namely, North America, Asia Pacific and Europe in order to understand the exact market scenario on the global scale. Overall, the report is a beneficial compilation of useful data needed for new entrants as well as investors for making their presence count.
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