Bead Wire for Tyre Market
Bead Wire for Tyre Market Scope: Industry Analysis,
Market Size, Growth, Trends Till 2031
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Bead Wire for Tyre Market Size and Growth
The Bead Wire for Tyre market is experiencing steady growth, driven by increasing automotive production and demand for high-performance tires. As of 2023, the market size is estimated at approximately $1.2 billion, with a projected compound annual growth rate (CAGR) of 5% through 2028, reflecting robust industry dynamics and innovation.
Companies Covered (Covid 19 Impact Covered)
◍ Bekaert (Belgium)
◍ Shandong Daye (China)
◍ Rajratan (India)
◍ Kiswire (Korea)
◍ WireCo WorldGroup (China)
◍ Hyosung (Korea)
◍ Xingda (China)
◍ TATA Steel (India)
◍ Heico Wire Group (USA)
The bead wire for tire market features key players like Bekaert and Shandong Daye, focusing on innovation and sustainability. Companies enhance market growth through strategic partnerships and R&D. Sales revenues include:
- Bekaert: €4.1 billion
- TATA Steel: ₹2.5 trillion
- Kiswire: $1 billion.
◍ Langgeng Bajapratama, PT (Indonesia)
◍ Hubei Fuxing Science and Technology ., Ltd. (China)
◍ Snton (China)
◍ Zibo Chuangda Industry Co.,Ltd. (China
◍ Shengda Steel Co., Ltd. (China)
◍ Guizhou Wire Rope (China)
◍ Zhejiang Tianlun Steel Wire Co., Ltd. (China)
◍ King Industrial (China)
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