Bead Wire Market by Diameter (0.78~1.60 mm, 1.65~1.83 mm, Above 1.83 mm), Application (Passenger Vehicles, LCV, MCV, HCV, Airplane, Others), Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2025
Published On: May 2019
 
Report ID:385914
 
 
Pages: N/A




Global bead wire market is expected to reach USD XX.XX Million by 2025, at a CAGR of X.XX% from 2018 to 2025. Increasing global automobiles sales are generating a huge demand for the automobile tires, thus driving the global bead wire market.

Market Overview:

Bead wire is used in all kinds of automobile and aircraft tires. The foremost function of bead wire is to hold the tire on the rim and to resist the action of the inflated pressure, which constantly tries to force it off. Bead wire is the crucial link through which the vehicle load is transferred from rim to the tire, which prevents vibration during driving. The quality of the bead wire significantly affects the safety, strength and the durability of tire. Bead wire is basically a drawn steel wire, manufactured from the quality wire rods with high carbon content. Bead wire’s surface is coated with copper or bronze which ensures proper adhesion with the used rubber compound.

Report Description:

  • The base year for the study has been considered 2017, historic year 2015 and 2016 and, the forecast period considered is from 2018 to 2025. The global bead wire market is analysed on the basis of value (USD Million), volume (Kilotons), consumption (Kilotons), imports (Kilotons) and exports (Kilotons).
  • The study delivers a comprehensive analysis of global bead wire market by diameter, application and regions.
  • The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2018 to 2025.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global bead wire market. This report incorporates the industry analysis which is focused on providing an extensive view of the bead wire market.
  • The study also includes attractiveness analysis of diameter, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the bead wire market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

  • Growing demand for the automobiles worldwide
  • High load distortion resistance & rim slippage resistance properties of bead wires
  • Longer life as well as better maneuverability and durability of the radial tires

Restraints:

  • High rolling resistance offered by the bead wired tires
  • Low lateral stiffness causing tire to sway

Opportunities:

  • Increase in research and development activities
  • Advent of electric cars

Challenges:

  • Growing use of Kevlar as an alternative to the bead wires

Global Bead Wire Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global bead wire market has been segmented on the basis of diameter and application.

  • Diameter is divided into 0.78~1.60 mm, 1.65~1.83 mm and Above 1.83 mm. The 0.78~1.60 mm segment emerged as the global leader in the bead wire market with a 72.61% share of market revenue in 2017. This increased market share can be attributed to the widespread use of 0.78~1.60 mm diameter size bead wires in the production of the passenger cars as well as bicycle and two-wheeler tires.
  • Application is segmented into passenger vehicles, LCV, MCV, HCV, airplane, and others. The passenger cars segment led the global bead wire market with a 62.48% share of market revenue in 2017. Factors such a growing worldwide demand for the passenger vehicles, as well as rising use of radial tires and the emergence of tubeless tires, were responsible for this increased growth.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. Asia Pacific region emerged as the largest market for the bead wires with a 45.71% share of revenue in 2017.

  • Presence of large tire manufacturing industry, the ready availability of raw materials, as well as burgeoning demand for the automobiles and commercial vehicles, were some of the factors that led Asia Pacific region to dominate the global demand for the bead wires.
  • Europe region is anticipated to progress at a steady pace over the forecast period, owing to its well-developed automobile and aircraft manufacturing industry.

Global Bead Wire Market Competitive Analysis:

Key players in the global bead wire market are Bekaert, Kiswire, Rajratan Global Wire Limited, Heico Wire Group, TATA Steel, WireCo WorldGroup, Shandong Daye, Xingda, Snton, Xinglun, GUIZHOU Wire Rope, King Industrial, Bedmutha Industries, ArcelorMittal, BMZ, Sumitomo Electric Industries, Aarti Steels, Chuangda, Hyosung, among others. To cater the robust demand tires from the Europe region, firms are progressively ivesting on building up of new plants. For instance Kiswire in 2018, announced its plans to build a production facility at Žatec, Czech Republic. The new production line will concentrate on manufacturing tire reinforcement, bead wire and steel cords. It will be the first kiswire’s bead wire plant of this kind in europe.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global bead wire market on the basis of below mentioned segments:

Global Bead Wire Market by Diameter:

  • 0.78~1.60 mm
  • 1.65~1.83 mm
  • Above 1.83 mm

Global Bead Wire Market by Application:

  • Passenger Vehicles
  • LCV
  • MCV
  • HCV
  • Airplane
  • Others

Global Bead Wire Market by Region:

  • North America
  • The U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • Sweden
  • Netherlands
  • U.K.
  • Italy
  • Spain
  • Turkey
  • Switzerland
  • Belgium
  • Rest of Europe
  • Asia-Pacific
  • Japan
  • China
  • India
  • South Korea
  • Australia
  • Singapore
  • Malaysia
  • Thailand
  • Indonesia
  • Philippines
  • Rest of Asia-Pacific
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
  • The Middle East and Africa
  • Saudi Arabia
  • UAE
  • Egypt
  • Nigeria
  • South Africa
  • Rest of the Middle East and Africa

1. Introduction
   1.1. Objectives of the Study
   1.2. Market Definition
   1.3. Research Scope
   1.4. Currency

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
   4.1. Porter’s Five Forces Analysis
   4.2. Value Chain Analysis
   4.3. Top Investment Pockets
        4.3.1. Market attractiveness analysis by Diameter
        4.3.2. Market attractiveness analysis by Application
        4.3.3. Market attractiveness analysis by Region
   4.4. Industry Trends

5. Market Dynamics
   5.1. Market Evaluation
   5.2. Drivers
        5.2.1. Growing demand for the automobiles worldwide
        5.2.2. High load distortion resistance & rim slippage resistance properties of bead wires
        5.2.3. Longer life as well as better manoeuvrability and durability of the radial tires
   5.3. Restraints
        5.3.1. High rolling resistance offered by the bead wired tires
        5.3.2. Low lateral stiffness causing tire to sway
   5.4. Opportunities
        5.4.1. Increase in research and development activities
        5.4.2. Advent of electric cars
   5.5. Challenges
        5.5.1. Growing use of Kevlar as an alternative to the bead wires


6. Global Bead Wire Market Analysis and Forecast, By Diameter
   6.1. Segment Overview
   6.2. 0.78~1.60 mm
   6.3. 1.65~1.83 mm
   6.4. Above 1.83 mm

7. Global Bead Wire Market Analysis and Forecast, By Application
   7.1. Segment Overview
   7.2. Passenger Vehicles
   7.3. LCV
   7.4. MCV
   7.5. HCV
   7.6. Airplane
   7.7. Others

8. Global Bead Wire Market Analysis and Forecast, By Regional Analysis
   8.1. Segment Overview
   8.2. North America
        8.2.1. U.S.
        8.2.2. Canada
        8.2.3. Mexico
   8.3. Europe
        8.3.1. Germany
        8.3.2. France
        8.3.3. Sweden
        8.3.4. Netherlands
        8.3.5. U.K.
        8.3.6. Italy
        8.3.7. Spain
        8.3.8. Turkey
        8.3.9. Switzerland
        8.3.10. Belgium
        8.3.11. Rest of Europe
   8.4. Asia-Pacific
        8.4.1. Japan
        8.4.2. China
        8.4.3. India
        8.4.4. South Korea
        8.4.5. Australia
        8.4.6. Singapore
        8.4.7. Malaysia
        8.4.8. Thailand
        8.4.9. Indonesia
        8.4.10. Philippines
        8.4.11. Rest of Asia-Pacific
   8.5. South America
        8.5.1. Brazil
        8.5.2. Argentina
        8.5.3. Colombia
        8.5.4. Rest of South America
   8.6. Middle East and Africa
        8.6.1. Saudi Arabia
        8.6.2. UAE
        8.6.3. Egypt
        8.6.4. Nigeria
        8.6.5. South Africa
        8.6.6. Rest of  Middle East and Africa

9. Global Bead Wire Market-Competitive Landscape
   9.1. Overview
   9.2. Market Share of Key Players in the Bead Wire Market
        9.2.1. Global Company Market Share
        9.2.2. North America Company Market Share
        9.2.3. Europe Company Market Share
        9.2.4. APAC Company Market Share
   9.3. Competitive Situations and Trends
        9.3.1. Product Launches and Developments
        9.3.2. Partnerships, Collaborations, and Agreements
        9.3.3. Mergers & Acquisitions
        9.3.4. Expansions

10. Company Profiles
   10.1. Bekaert
        10.1.1. Business Overview
        10.1.2. Company Snapshot
        10.1.3. Company Market Share Analysis
        10.1.4. Company Product Portfolio
        10.1.5. Recent Developments
        10.1.6. SWOT Analysis
   10.2. Kiswire
        10.2.1. Business Overview
        10.2.2. Company Snapshot
        10.2.3. Company Market Share Analysis
        10.2.4. Company Product Portfolio
        10.2.5. Recent Developments
        10.2.6. SWOT Analysis
   10.3. Rajratan Global Wire Limited
        10.3.1. Business Overview
        10.3.2. Company Snapshot
        10.3.3. Company Market Share Analysis
        10.3.4. Company Product Portfolio
        10.3.5. Recent Developments
        10.3.6. SWOT Analysis
   10.4. Heico Wire Group
        10.4.1. Business Overview
        10.4.2. Company Snapshot
        10.4.3. Company Market Share Analysis
        10.4.4. Company Product Portfolio
        10.4.5. Recent Developments
        10.4.6. SWOT Analysis
   10.5. TATA Steel
        10.5.1. Business Overview
        10.5.2. Company Snapshot
        10.5.3. Company Market Share Analysis
        10.5.4. Company Product Portfolio
        10.5.5. Recent Developments
        10.5.6. SWOT Analysis
   10.6. WireCo WorldGroup
        10.6.1. Business Overview
        10.6.2. Company Snapshot
        10.6.3. Company Market Share Analysis
        10.6.4. Company Product Portfolio
        10.6.5. Recent Developments
        10.6.6. SWOT Analysis
   10.7. Shandong Daye
        10.7.1. Business Overview
        10.7.2. Company Snapshot
        10.7.3. Company Market Share Analysis
        10.7.4. Company Product Portfolio
        10.7.5. Recent Developments
        10.7.6. SWOT Analysis
   10.8. Xingda, Snton
        10.8.1. Business Overview
        10.8.2. Company Snapshot
        10.8.3. Company Market Share Analysis
        10.8.4. Company Product Portfolio
        10.8.5. Recent Developments
        10.8.6. SWOT Analysis
   10.9. Xinglun
        10.9.1. Business Overview
        10.9.2. Company Snapshot
        10.9.3. Company Market Share Analysis
        10.9.4. Company Product Portfolio
        10.9.5. Recent Developments
        10.9.6. SWOT Analysis
   10.10. GUIZHOU Wire Rope
        10.10.1. Business Overview
        10.10.2. Company Snapshot
        10.10.3. Company Market Share Analysis
        10.10.4. Company Product Portfolio
        10.10.5. Recent Developments
        10.10.6. SWOT Analysis
   10.11. King Industrial
        10.11.1. Business Overview
        10.11.2. Company Snapshot
        10.11.3. Company Market Share Analysis
        10.11.4. Company Product Portfolio
        10.11.5. Recent Developments
        10.11.6. SWOT Analysis
   10.12. Bedmutha Industries
        10.12.1. Business Overview
        10.12.2. Company Snapshot
        10.12.3. Company Market Share Analysis
        10.12.4. Company Product Portfolio
        10.12.5. Recent Developments
        10.12.6. SWOT Analysis
   10.13. ArcelorMittal
        10.13.1. Business Overview
        10.13.2. Company Snapshot
        10.13.3. Company Market Share Analysis
        10.13.4. Company Product Portfolio
        10.13.5. Recent Developments
        10.13.6. SWOT Analysis
   10.14. BMZ
        10.14.1. Business Overview
        10.14.2. Company Snapshot
        10.14.3. Company Market Share Analysis
        10.14.4. Company Product Portfolio
        10.14.5. Recent Developments
        10.14.6. SWOT Analysis
   10.15. Sumitomo Electric Industries
        10.15.1. Business Overview
        10.15.2. Company Snapshot
        10.15.3. Company Market Share Analysis
        10.15.4. Company Product Portfolio
        10.15.5. Recent Developments
        10.15.6. SWOT Analysis
   10.16. Aarti Steels
        10.16.1. Business Overview
        10.16.2. Company Snapshot
        10.16.3. Company Market Share Analysis
        10.16.4. Company Product Portfolio
        10.16.5. Recent Developments
        10.16.6. SWOT Analysis
   10.17. Chuangda
        10.17.1. Business Overview
        10.17.2. Company Snapshot
        10.17.3. Company Market Share Analysis
        10.17.4. Company Product Portfolio
        10.17.5. Recent Developments
        10.17.6. SWOT Analysis
   10.18. Hyosung
        10.18.1. Business Overview
        10.18.2. Company Snapshot
        10.18.3. Company Market Share Analysis
        10.18.4. Company Product Portfolio
        10.18.5. Recent Developments
        10.18.6. SWOT Analysis

 


List of Figures 

1. Global Bead Wire Market Segmentation

2. Bead Wire Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Bead Wire Market Attractiveness Analysis by diameter

9. Global bead wire market Attractiveness Analysis by application

10. Global bead wire market Attractiveness Analysis by Region

11. Global Bead Wire Market: Dynamics

12. Global Bead Wire Market Share by Diameter (2017 & 2025)

13. Global Bead Wire Market Share by Application (2017 & 2025)

14. Global Bead Wire Market Share by Regions (2017 & 2025)

15. Global Bead Wire Market Share by Company (2018)


List of Table

1. Global Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

2. Global 0.78~1.60 mm Bead Wire Market, Region, 2015–2025 (USD Million) (Kilotons)

3. Global 1.65~1.83 mm Bead Wire Market, Region, 2015–2025 (USD Million) (Kilotons)

4. Global Above 1.83 mm Bead Wire Market, Region, 2015–2025 (USD Million) (Kilotons)

5. Global Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

6. Global Passenger Vehicles Bead Wire Market, By Region, 2015–2025 (USD Million) (Kilotons)

7. Global LCV Bead Wire Market, By Region, 2015–2025 (USD Million) (Kilotons)

8. Global MCV Bead Wire Market, By Region, 2015–2025 (USD Million) (Kilotons)

9. Global HCV Bead Wire Market, By Region, 2015–2025 (USD Million) (Kilotons)

10. Global Airplane Bead Wire Market, By Region, 2015–2025 (USD Million) (Kilotons)

11. Global Bead Wire Market, By Region, 2015–2025 (USD Million) (Kilotons)

12. Global Bead Wire Market, By North America, 2015–2025 (USD Million) (Kilotons)

13. North America Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

14. North America Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

15. U.S. Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

16. U.S. Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

17. Canada Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

18. Canada Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

19. Mexico Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

20. Mexico Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

21. Europe Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

22. Europe Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

23. Germany Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

24. Germany Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

25. France Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

26. France Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

27. Sweden Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

28. Sweden Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

29. Netherlands Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

30. Netherlands Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

31. U.K. Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

32. U.K. Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

33. Italy Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

34. Italy Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

35. Spain Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

36. Spain Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

37. Turkey Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

38. Turkey Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

39. Switzerland Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

40. Switzerland Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

41. Belgium Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

42. Belgium Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

43. Asia Pacific Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

44. Asia Pacific Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

45. Japan Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

46. Japan Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

47. China Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

48. China Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

49. India Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

50. India Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

51. South Korea Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

52. South Korea Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

53. Australia Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons) 

54. Australia Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

55. Singapore Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

56. Singapore Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

57. Malaysia Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

58. Malaysia Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

59. Thailand Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

60. Thailand Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

61. Indonesia Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

62. Indonesia Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

63. Philippines Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

64. Philippines Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

65. South America Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

66. South America Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

67. Brazil Bead Wire Market, By Diameter, 2015–2025 (USD Million)  (Kilotons)

68. Brazil Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

69. Argentina Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

70. Argentina Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

71. Colombia Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

72. Colombia Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

73. Middle East and Africa Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

74. Middle East and Africa Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

75. Saudi Arabia Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

76. Saudi Arabia Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

77. UAE Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

78. UAE Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

79. Egypt Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

80. Egypt Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)

81. Nigeria Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

82. Nigeria Bead Wire Market, By Application, 2015–2025 (USD Million) (Kilotons)

83. South Africa Bead Wire Market, By Diameter, 2015–2025 (USD Million) (Kilotons)

84. South Africa Bead Wire Market, By Application, 2015–2025 (USD Million)  (Kilotons)



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