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Steel Cord Market Growing at 5.8% CAGR to Hit USD 7520 Million by 2023 - Bekaert, ArcelorMittal, Hyosung, Bridgestone

Market Study Report recently introduced new title on “2018-2023 Global Steel Cord Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2023.

 

Selbyville, DE -- (SBWIRE) -- 01/09/2019 -- Market Study Report, LLC latest research report on 'Steel Cord Market' delivers a comprehensive study on current market trends. The outcome also includes revenue forecasts, statistics, market valuations which illustrates its growth trends and competitive landscape as well as the key players in the business.

This report focuses on the Steel Cord in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

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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.

First, for industry structure analysis, the Steel Cord industry is relatively concentrated. These manufacturers range from large multinational corporations to small privately owned companies compete in this industry. The top five producers account for about 64 % of the revenue market. Regionally, Asia-Pacific is the biggest revenue market, also the leader in the whole Steel Cord industry.

Second, the Steel Cord industry market is not concentrated as the manufacturing technology of Steel Cord is relatively matures than some high-tech equipment. More than 70% Steel Cord is Normal Tensile (NT), followed by High Tensile (HT), which occupied about 22% sales market share.

Third, the sales of Steel Cord increased from 2627 K MT in 2013 to 3231 K MT in 2016 with an average growth rate of 7.1%.

The worldwide market for Steel Cord is expected to grow at a CAGR of roughly 5.8% over the next five years, will reach 7520 million US$ in 2023, from 5360 million US$ in 2017, according to a new research study.

Market Segment by Manufacturers, this report covers
- 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

Market Segment by Regions, regional analysis covers
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.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers
Normal Tensile (NT)
High Tensile (HT)
Other

Market Segment by Applications, can be divided into
Passenger Car Use
Freight Car Use
Other

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There are 15 Chapters to deeply display the global Steel Cord market.

Chapter 1, to describe Steel Cord Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top manufacturers of Steel Cord, with sales, revenue, and price of Steel Cord, in 2016 and 2017;

Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;

Chapter 4, to show the global market by regions, with sales, revenue and market share of Steel Cord, for each region, from 2013 to 2018;

Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;

Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;

Chapter 12, Steel Cord market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;

Chapter 13, 14 and 15, to describe Steel Cord sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source

Table of Contents

1 Steel Cord Market Overview

2 Manufacturers Profiles

3 Global Steel Cord Market Competition, by Players

4 Global Steel Cord Market Size by Regions

5 North America Steel Cord Revenue by Countries

6 Europe Steel Cord Revenue by Countries

7 Asia-Pacific Steel Cord Revenue by Countries

8 South America Steel Cord Revenue by Countries

9 Middle East and Africa Revenue Steel Cord by Countries

10 Global Steel Cord Market Segment by Type

11 Global Steel Cord Market Segment by Application

12 Global Steel Cord Market Size Forecast (2018-2023)

13 Research Findings and Conclusion

14 Appendix

More Details on this Report: https://www.marketstudyreport.com/reports/global-north-america-europe-asia-pacific-south-america-middle-east-and-africa-steel-cord-market-2018-forecast-to-2023/?utm_source=RW&utm_medium=AN

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