NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET FORECAST 2019-2027

The North America tire reinforcement material market is expected to rise at a CAGR of 3.08%, capitalizing a net worth of $xx million over the forecast period of 2019-2027. The popularity of competitive racing has led to a steady increase in the demand for high-performance tires. Automotive races were restricted to developed economies, as the development of racecourses required heavy investments and high-quality infrastructure.

The United States and Canada are the countries taken into consideration for this market study. The enhanced properties of reinforced tires and the continuous growth in the automobile industries are the key driving factors for this market. Established manufacturers in the region are working toward reducing labor cost and capacity expansion. Growth in the passenger car tires, truck and bus tires, tires for agricultural equipment, and off-road tires are driving the market for reinforcement materials during the forecast period.

The prominent players in this market include Kolon Industries Inc., Kordsa Global, Hyosung Corporation, Shenma Industrial Co. Ltd., Century Enka Limited, Bekaert, DuPont, SRF Limited, Formosa Taffeta Co. Ltd., Toray Industries Inc., Shinkong, Michelin, Teijin Limited, Toyobo and others.

 

TABLE OF CONTENTS
  1. RESEARCH SCOPE
    1. STUDY GOALS
    2. SCOPE OF THE MARKET STUDY
    3. WHO WILL FIND THIS REPORT USEFUL?
    4. STUDY AND FORECASTING YEARS
  2. RESEARCH METHODOLOGY
    1. SOURCES OF DATA
      1. SECONDARY DATA
      2. PRIMARY DATA
    2. TOP-DOWN APPROACH
    3. BOTTOM-UP APPROACH
    4. DATA TRIANGULATION
  3. EXECUTIVE SUMMARY
    1. MARKET SUMMARY
    2. KEY FINDINGS
      1. INCREASE IN AUTOMOTIVE SALES ACROSS DIFFERENT SEGMENTS
      2. FLUCTUATING COSTS OF RAW MATERIAL
      3. RISE IN COMPETITION AMONG TIRE MANUFACTURERS
  4. MARKET DYNAMICS
    1. MARKET SCOPE & DEFINITION
    2. MARKET DRIVERS
      1. GROWTH IN THE AUTOMOTIVE INDUSTRY
      2. ENHANCED PROPERTIES OF REINFORCED TIRES
    3. MARKET RESTRAINTS
      1. STRINGENT GOVERNMENT REGULATIONS
    4. MARKET OPPORTUNITIES
      1. EVOLUTION OF HIGH-PERFORMANCE TIRES
    5. MARKET CHALLENGES
      1. EVER CHANGING RAW MATERIAL PRICES
  5. MARKET BY TYPE
    1. TIRE CORD FABRIC
    2. TIRE BEAD WIRE
  6. MARKET BY MATERIAL
    1. STEEL
    2. POLYESTER
    3. RAYON
    4. NYLON
    5. OTHERS
  7. KEY ANALYTICS
    1. PORTER’S FIVE FORCE MODEL
      1. THREAT OF NEW ENTRANTS
      2. THREAT OF SUBSTITUTE
      3. BARGAINING POWER OF SUPPLIERS
      4. BARGAINING POWER OF BUYERS
      5. INTENSITY OF COMPETITIVE RIVALRY
    2. OPPORTUNITY MATRIX
    3. VENDOR LANDSCAPE
  8. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. UNITED STATES
      2. CANADA
  9. COMPANY PROFILES
    1. BEKAERT
    2. CENTURY ENKA LIMITED
    3. MICHELIN
    4. FORMOSA TAFFETA CO. LTD.
    5. HYOSUNG CORPORATION
    6. SHENMA INDUSTRIAL CO. LTD.
    7. TORAY INDUSTRIES INC.
    8. KOLON INDUSTRIES INC.
    9. KORDSA GLOBAL
    10. DUPONT
    11. TEIJIN LIMITED
    12. SRF LIMITED
    13. TOYOBO
    14. CORDENKA GMBH
    15. SHINKONG
LIST OF TABLES

TABLE 1:       NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

TABLE 2:       NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, 2019-2027 (IN $ MILLION)

TABLE 3:       NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, 2019-2027 (IN $ MILLION)

TABLE 4:       STEEL CORD FILAMENTS AND ITS TENSILE STRENGTHS

TABLE 5:       OPPORTUNITY MATRIX

TABLE 6:       VENDOR LANDSCAPE

TABLE 7:       NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, 2019-2027 (IN $ MILLION)

LIST OF FIGURES

FIGURE 1:     NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, 2018 & 2027 (IN %)

FIGURE 2:     DEMAND FOR MOTORCYCLE TIRES BY VOLUME 2016-2021(%)

FIGURE 3:     PRICE OF RUBBER JANUARY 2016 TO JULY 2016 (US CENTS PER POUND)

FIGURE 4:     NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE CORD FABRIC, 2019-2027 (IN $ MILLION)

FIGURE 5:     NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE BEAD WIRE, 2019-2027 (IN $ MILLION)

FIGURE 6:     NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY STEEL, 2019-2027 (IN $ MILLION)

FIGURE 7:     NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY POLYESTER, 2019-2027 (IN $ MILLION)

FIGURE 8:     NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY RAYON, 2019-2027 (IN $ MILLION)

FIGURE 9:     NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY HARDWARE, 2019-2027 (IN $ MILLION)

FIGURE 10:  NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY OTHERS, 2019-2027 (IN $ MILLION)

FIGURE 11:  PORTER’S FIVE FORCE ANALYSIS

FIGURE 12:  NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2018 & 2027 (IN %)

FIGURE 13:  UNITED STATES TIRE REINFORCEMENT MATERIALS MARKET, 2019-2027 (IN $ MILLION)

FIGURE 14:  CANADA TIRE REINFORCEMENT MATERIALS MARKET, 2019-2027 (IN $ MILLION)

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