The Europe tire reinforcement materials market is expected to project a CAGR of 4.92% during the forecast period, 2021-2028. The collaboration among ETRMA (European Tyre & Rubber Manufacturers’ Association) and policymakers and stakeholders is beneficial to the automotive market growth of the region. This further offers lucrative growth opportunities.

EUROPE TIRE REINFORCEMENT MATERIALS MARKET FORECAST 2021-2028

Europe Tire Reinforcement Market by Type (Tire Cord Fabric, Tire Bead Wire) Market by Material (Steel, Polyester, Rayon, Nylon, Others) Market by Tire Distribution Channel (OEM (Original Equipment Manufacturer) Market, Replacement Market) by Geography

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The Europe tire reinforcement materials market is expected to project a CAGR of 4.92% during the forecast period, 2021-2028. The collaboration among ETRMA (European Tyre & Rubber Manufacturers’ Association) and policymakers and stakeholders is beneficial to the automotive market growth of the region. This further offers lucrative growth opportunities.

europe-tire-reinforcement-materials-market

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The Europe tire reinforcement materials market growth analysis includes the assessment of the United Kingdom, Poland, France, Germany, Italy, Belgium, Russia, and Rest of Europe. In the United Kingdom, the automotive industry is a central part of the economy, with around 180,000 people employed directly in manufacturing. Also, the industry accounts for 13% of the total export of goods. Additionally, over 30 manufacturers build more than 70 models of vehicles in the United Kingdom. Moreover, they are supplemented by 2500 component providers and competent engineers. Furthermore, factors like the government initiatives with regard to electric vehicle manufacturing benefit market growth.

With gradual economic growth, the automotive industry in France is growing steadily. Also, it provides a vast range of opportunities to automotive tire and sensor manufacturers. In addition, France is the second-largest tire manufacturer in Europe. Several tire manufacturers and automotive OEMs have their bases in France. As a result, the demands for tires and vehicles are sustained through imports and domestic production. Such factors drive market growth.

Michelin manufactures, distributes, and sells tires. It also provides services and tires for different vehicles, including earthmovers, trucks, bicycles/motorcycles, automobiles, airplanes, etc. In addition, it offers digital mobility support services. The company operates in North America, Europe, Latin America, and Asia, with headquarters in Clermont-Ferrand, France.

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • PARENT MARKET ANALYSIS: TIRE INDUSTRY
      • KEY DRIVERS
        • DEMAND FROM THE AUTOMOTIVE INDUSTRY
        • GROWTH OF THE AUTOMOTIVE INDUSTRY IN THE ASIA-PACIFIC
        • ENHANCED PROPERTIES OF REINFORCED TIRES
        • USE OF ADVANCED TECHNOLOGY IN THE MANUFACTURING PROCESS
      • KEY RESTRAINTS
        • SLOWDOWN DUE TO THE GROWTH IN THE RETREADING OF TIRES
        • EFFECTS OF VOLATILE PRICES OF RAW MATERIALS ON TIRE INDUSTRY
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON TIRE REINFORCEMENT MATERIALS MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
    2. MARKET BY TYPE
      • TIRE CORD FABRIC
      • TIRE BEAD WIRE
    3. MARKET BY MATERIAL
      • STEEL
      • POLYESTER
      • RAYON
      • NYLON
      • OTHERS
    4. MARKET BY TIRE DISTRIBUTION CHANNEL
      • OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET
      • REPLACEMENT MARKET
    5. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • BEKAERT SA
        • CENTURY ENKA LIMITED
        • CORDENKA GMBH & CO KG
        • DUPONT
        • FORMOSA TAFFETA CO LTD
        • HBT RUBBER INDUSTRIAL CO LTD
        • HYOSUNG CORPORATION
        • JIANGSU XINGDA STEEL TIRE CORD CO LTD
        • KOLON INDUSTRIES INC
        • KORDSA TEKNIK TEKSTIL AS
        • MICHELIN
        • SHENMA INDUSTRIAL CO LTD
        • SHINKONG SYNTHETIC FIBERS CORPORATION
        • SRF LIMITED
        • TATA STEEL
        • TEIJIN LIMITED
        • TORAY INDUSTRIES INC
        • TOYOBO CO LTD

    TABLE LIST

    TABLE 1: MARKET SNAPSHOT – TIRE REINFORCEMENT MATERIALS

    TABLE 2: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 3: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 4: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 5: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 6: STEEL CORD FILAMENTS AND THEIR TENSILE STRENGTHS

    TABLE 7: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 8: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 9: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

    TABLE 10: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 13: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    FIGURE LIST

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020

    FIGURE 6: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE CORD FABRIC, 2021-2028 (IN $ MILLION)

    FIGURE 7: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE BEAD WIRE, 2021-2028 (IN $ MILLION)

    FIGURE 8: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2020

    FIGURE 9: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY STEEL, 2021-2028 (IN $ MILLION)

    FIGURE 10: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY POLYESTER, 2021-2028 (IN $ MILLION)

    FIGURE 11: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY RAYON, 2021-2028 (IN $ MILLION)

    FIGURE 12: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY NYLON, 2021-2028 (IN $ MILLION)

    FIGURE 13: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

    FIGURE 14: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TIRE DISTRIBUTION CHANNEL, IN 2020

    FIGURE 15: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY OEM MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 16: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, BY REPLACEMENT MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 17: EUROPE TIRE REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

    FIGURE 18: UNITED KINGDOM TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 19: GERMANY TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 20: FRANCE TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 21: ITALY TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 22: RUSSIA TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 23: BELGIUM TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 24: POLAND TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)

    FIGURE 25: REST OF EUROPE TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • MARKET SIZE & ESTIMATES
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • ITALY
          • RUSSIA
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    1. MARKET BY TYPE
      • TIRE CORD FABRIC
      • TIRE BEAD WIRE
    2. MARKET BY MATERIAL
      • STEEL
      • POLYESTER
      • RAYON
      • NYLON
      • OTHERS
    3. MARKET BY TIRE DISTRIBUTION CHANNEL
      • OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET
      • REPLACEMENT MARKET

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