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Tire Cord Fabrics Market Size to Grow by USD 528.89 mn | Rising Number of Automobile Buyers to Boost Growth | Technavio

NEW YORK, April 7, 2022 -- The tire cord fabrics market is expected to grow by USD 528.89 mn from 2021 to 2026, progressing at a CAGR of 3.59% during the forecast period, according to Technavio. The report offers an up-to-date analysis as well as exact growth variance and the Y-O-Y growth rate. 

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Tire Cord Fabrics Market 2022-2026: Scope

The tire cord fabrics market report covers the following areas:

  • Tire Cord Fabrics Market size
  • Tire Cord Fabrics Market trends
  • Tire Cord Fabrics Market industry analysis

Tire Cord Fabrics Market 2022-2026: Driver and Challenge

The rising number of automobile buyers is driving the tire cord fabrics market growth. The automotive industry was significantly affected in 2020 by the outbreak of COVID-19. Automobile sales in various countries, including China and US, witnessed a drastic decline in 2020. However, automobile manufacturers across the world experienced growth in production from Q3 2020 to Q1 2021. Moreover, automobile dealerships worldwide are trying to fulfill the changing personal requirements during the pandemic. Thus, the rise in demand for automobiles will lead to an increase in the demand for tires, which, in turn, will drive the global demand for tire cord fabrics during the forecast period.

Declining automotive production and sales are challenging the tire cord fabrics market growth. The outbreak of COVID-19 and its exponential spread across the world also affected this sector in 2020. Automotive sales showed an increase in some countries. However, this did not lead to the recovery of the sector. Challenges triggered by the temporary shutting down of businesses and the laying-off of employees across the world have been affecting automotive sales in all key regions. This, in turn, has been adversely affecting the demand for automotive all-season tires.

Tire Cord Fabrics Market 2022-2026: Segmentation

  • Application
    • Replacement
    • OEM
  • Geography
    • APAC
    • Europe
    • North America
    • South America
    • Middle East And Africa

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Tire Cord Fabrics Market 2022-2026: Vendor Analysis

We provide a detailed analysis of around 25 vendors operating in the Tire Cord Fabrics Market, including Asahi Kasei Corp., Benninger AG, Century Enka Ltd., COLMANT COATED FABRICS, Cordenka GmbH and Co. KG, FORMOSA TAFFETA CO. LTD., Hyosung Corp., Indorama Ventures Public Co. Ltd., Junma Tyre Cord Co. Ltd., Kolon Industries Inc., Kordsa Teknik Tekstil AS, Madura Industrial Textiles Ltd., NV Bekaert SA, Sohrab Group, SRF Ltd., Teijin Ltd., Toray Industries Inc., and Milliken and Co. among others.

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Tire Cord Fabrics Market 2022-2026: Key Highlights

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will assist tire cord fabrics market growth during the next five years
  • Estimation of the tire cord fabrics market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the tire cord fabrics market
  • Analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tire cord fabrics market vendors

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Tire Cord Fabrics Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 3.59%

Market growth 2022-2026

USD 528.89 million

Market structure

Fragmented

YoY growth (%)

0.93

Regional analysis

APAC, Europe, North America, South America, and Middle East and Africa

Performing market contribution

APAC at 68%

Key consumer countries

US, China, Thailand, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Asahi Kasei Corp., Benninger AG, Century Enka Ltd., COLMANT COATED FABRICS, Cordenka GmbH and Co. KG, FORMOSA TAFFETA CO. LTD., Hyosung Corp., Indorama Ventures Public Co. Ltd., Junma Tyre Cord Co. Ltd., Kolon Industries Inc., Kordsa Teknik Tekstil AS, Madura Industrial Textiles Ltd., NV Bekaert SA, Sohrab Group, SRF Ltd., Teijin Ltd., Toray Industries Inc., and Milliken and Co.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table Of Contents :

1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
  • 3.4 Market outlook: Forecast for 2021-2026
    • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
    • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
    • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
  • 4.2 Bargaining power of buyers
    • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
  • 4.3 Bargaining power of suppliers
    • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
  • 4.4 Threat of new entrants
    • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
  • 4.5 Threat of substitutes
    • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
  • 4.6 Threat of rivalry
    • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
  • 4.7 Market condition
    • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

  • 5.1 Market segments
    • Exhibit 24: Chart on Application - Market share 2021-2026 (%)
    • Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
  • 5.2 Comparison by Application
    • Exhibit 26: Chart on Comparison by Application
    • Exhibit 27: Data Table on Comparison by Application
  • 5.3 Replacement - Market size and forecast 2021-2026
    • Exhibit 28: Chart on Replacement - Market size and forecast 2021-2026 ($ million)
    • Exhibit 29: Data Table on Replacement - Market size and forecast 2021-2026 ($ million)
    • Exhibit 30: Chart on Replacement - Year-over-year growth 2021-2026 (%)
    • Exhibit 31: Data Table on Replacement - Year-over-year growth 2021-2026 (%)
  • 5.4 OEM - Market size and forecast 2021-2026
    • Exhibit 32: Chart on OEM - Market size and forecast 2021-2026 ($ million)
    • Exhibit 33: Data Table on OEM - Market size and forecast 2021-2026 ($ million)
    • Exhibit 34: Chart on OEM - Year-over-year growth 2021-2026 (%)
    • Exhibit 35: Data Table on OEM - Year-over-year growth 2021-2026 (%)
  • 5.5 Market opportunity by Application
    • Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

  • 6.1 Customer landscape overview
    • Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 38: Chart on Market share by geography 2021-2026 (%)
    • Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
  • 7.2 Geographic comparison
    • Exhibit 40: Chart on Geographic comparison
    • Exhibit 41: Data Table on Geographic comparison
  • 7.3 APAC - Market size and forecast 2021-2026
    • Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
    • Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
    • Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
  • 7.4 Europe - Market size and forecast 2021-2026
    • Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
    • Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
    • Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
  • 7.5 North America - Market size and forecast 2021-2026
    • Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
    • Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
  • 7.6 South America - Market size and forecast 2021-2026
    • Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
    • Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
    • Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
  • 7.7 Middle East and Africa - Market size and forecast 2021-2026
    • Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
    • Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
  • 7.8 China - Market size and forecast 2021-2026
    • Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
    • Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
    • Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
  • 7.9 US - Market size and forecast 2021-2026
    • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
    • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
    • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
  • 7.10 Thailand - Market size and forecast 2021-2026
    • Exhibit 70: Chart on Thailand - Market size and forecast 2021-2026 ($ million)
    • Exhibit 71: Data Table on Thailand - Market size and forecast 2021-2026 ($ million)
    • Exhibit 72: Chart on Thailand - Year-over-year growth 2021-2026 (%)
    • Exhibit 73: Data Table on Thailand - Year-over-year growth 2021-2026 (%)
  • 7.11 Japan - Market size and forecast 2021-2026
    • Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
    • Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
    • Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
  • 7.12 Germany - Market size and forecast 2021-2026
    • Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
    • Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
    • Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
  • 7.13 Market opportunity by geography
    • Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
  • 8.3 Impact of drivers and challenges
    • Exhibit 83: Impact of drivers and challenges in 2021 and 2026
  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview
  • 9.2 Vendor landscape
    • Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
  • 9.3 Landscape disruption
    • Exhibit 85: Overview on factors of disruption
  • 9.4 Industry risks
    • Exhibit 86: Impact of key risks on business

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 87: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 88: Matrix on vendor position and classification
  • 10.3 Benninger AG
    • Exhibit 89: Benninger AG - Overview
    • Exhibit 90: Benninger AG - Product / Service
    • Exhibit 91: Benninger AG - Key offerings
  • 10.4 Century Enka Ltd.
    • Exhibit 92: Century Enka Ltd. - Overview
    • Exhibit 93: Century Enka Ltd. - Business segments
    • Exhibit 94: Century Enka Ltd. - Key offerings
    • Exhibit 95: Century Enka Ltd. - Segment focus
  • 10.5 COLMANT COATED FABRICS
    • Exhibit 96: COLMANT COATED FABRICS - Overview
    • Exhibit 97: COLMANT COATED FABRICS - Product / Service
    • Exhibit 98: COLMANT COATED FABRICS - Key offerings
  • 10.6 Hyosung Corp.
    • Exhibit 99: Hyosung Corp. - Overview
    • Exhibit 100: Hyosung Corp. - Product / Service
    • Exhibit 101: Hyosung Corp. - Key news
    • Exhibit 102: Hyosung Corp. - Key offerings
  • 10.7 Indorama Ventures Public Co. Ltd.
    • Exhibit 103: Indorama Ventures Public Co. Ltd. - Overview
    • Exhibit 104: Indorama Ventures Public Co. Ltd. - Business segments
    • Exhibit 105: Indorama Ventures Public Co. Ltd. - Key offerings
    • Exhibit 106: Indorama Ventures Public Co. Ltd. - Segment focus
  • 10.8 Kolon Industries Inc.
    • Exhibit 107: Kolon Industries Inc. - Overview
    • Exhibit 108: Kolon Industries Inc. - Product / Service
    • Exhibit 109: Kolon Industries Inc. - Key offerings
  • 10.9 Kordsa Teknik Tekstil AS
    • Exhibit 110: Kordsa Teknik Tekstil AS - Overview
    • Exhibit 111: Kordsa Teknik Tekstil AS - Business segments
    • Exhibit 112: Kordsa Teknik Tekstil AS - Key offerings
    • Exhibit 113: Kordsa Teknik Tekstil AS - Segment focus
  • 10.10 SRF Ltd.
    • Exhibit 114: SRF Ltd. - Overview
    • Exhibit 115: SRF Ltd. - Business segments
    • Exhibit 116: SRF Ltd. - Key offerings
    • Exhibit 117: SRF Ltd. - Segment focus
  • 10.11 Teijin Ltd.
    • Exhibit 118: Teijin Ltd. - Overview
    • Exhibit 119: Teijin Ltd. - Business segments
    • Exhibit 120: Teijin Ltd. - Key offerings
    • Exhibit 121: Teijin Ltd. - Segment focus
  • 10.12 Toray Industries Inc.
    • Exhibit 122: Toray Industries Inc. - Overview
    • Exhibit 123: Toray Industries Inc. - Business segments
    • Exhibit 124: Toray Industries Inc. - Key news
    • Exhibit 125: Toray Industries Inc. - Key offerings
    • Exhibit 126: Toray Industries Inc. - Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Inclusions and exclusions checklist
    • Exhibit 127: Inclusions checklist
    • Exhibit 128: Exclusions checklist
  • 11.3 Currency conversion rates for US$
    • Exhibit 129: Currency conversion rates for US$
  • 11.4 Research methodology
    • Exhibit 130: Research methodology
    • Exhibit 131: Validation techniques employed for market sizing
    • Exhibit 132: Information sources
  • 11.5 List of abbreviations
    • Exhibit 133: List of abbreviations

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Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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