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Market Research Report
Product code
1031078

North America Tire Reinforcement Materials Market Forecast 2021-2028

Published: | Inkwood Research | 144 Pages | Delivery time: 2-3 business days

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North America Tire Reinforcement Materials Market Forecast 2021-2028
Published: October 6, 2021
Inkwood Research
Content info: 144 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The North America tire reinforcement materials market growth is estimated to progress at a CAGR of 5.08% during the forecast period, 2021-2028. Several OEMs are setting up their manufacturing facilities in the region. Further, initiatives undertaken by market players boost the market demands and prospects.

MARKET INSIGHTS

Canada and the United States are analyzed for the North America tire reinforcement materials market growth assessment. Canada, a developed economy, has prominent commercial destinations like British Columbia, Quebec, and Ontario. In addition, it is one of the richest countries globally, maintaining trade relations with the UK, Japan, China, and the US. Also, the high per capita income, developed roadways, and developing urban areas are aiding the expanding automobile market and tire industry. In addition, with the global issues of C-credits and C-emissions and the increasing sales of hybrid vehicles, automotive giants are launching hybrid variants. Such factors boost the demand for smart tires among OEMs.

Furthermore, though Transport Canada does not regulate the age or shelf life of tires, they require the manufacturing dates to be molded on the sidewall of every tire. It develops, enforces, and maintains the Canada Motor Vehicle Tire Safety Regulations under the Motor Vehicle Safety Act. Such factors constitute the Canada market prospects.

COMPETITIVE INSIGHTS

Century Enka Limited, DuPont, SRF Limited, HBT Rubber Industrial Co Ltd, Toray Industries Inc, etc., are among the eminent market players

Our report offerings include:

  • Explore key findings of the overall market
  • Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
  • Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
  • Market Segmentation cater to a thorough assessment of key segments with their market estimations
  • Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
  • Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
  • Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
  • Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
Table of Contents
Product Code: 8115

TABLE OF CONTENTS

1. RESEARCH SCOPE & METHODOLOGY

  • 1.1. STUDY OBJECTIVES
  • 1.2. SCOPE OF STUDY
  • 1.3. METHODOLOGY
  • 1.4. ASSUMPTIONS & LIMITATIONS

2. EXECUTIVE SUMMARY

  • 2.1. MARKET SIZE & ESTIMATES
  • 2.2. MARKET OVERVIEW

3. MARKET DYNAMICS

  • 3.1. PARENT MARKET ANALYSIS: TIRE INDUSTRY
  • 3.2. KEY DRIVERS
    • 3.2.1. DEMAND FROM THE AUTOMOTIVE INDUSTRY
    • 3.2.2. ENHANCED PROPERTIES OF REINFORCED TIRES
    • 3.2.3. USE OF ADVANCED TECHNOLOGY IN THE MANUFACTURING PROCESS
  • 3.3. KEY RESTRAINTS
    • 3.3.1. SLOWDOWN DUE TO THE GROWTH IN THE RETREADING OF TIRES
    • 3.3.2. EFFECTS OF VOLATILE PRICES OF RAW MATERIALS ON TIRE INDUSTRY

4. KEY ANALYTICS

  • 4.1. IMPACT OF COVID-19 ON TIRE REINFORCEMENT MATERIALS MARKET
  • 4.2. KEY MARKET TRENDS
  • 4.3. PORTER'S FIVE FORCES ANALYSIS
    • 4.3.1. BUYERS POWER
    • 4.3.2. SUPPLIERS POWER
    • 4.3.3. SUBSTITUTION
    • 4.3.4. NEW ENTRANTS
    • 4.3.5. INDUSTRY RIVALRY
  • 4.4. OPPORTUNITY MATRIX
  • 4.5. VENDOR LANDSCAPE

5. MARKET BY TYPE

  • 5.1. TIRE CORD FABRIC
  • 5.2. TIRE BEAD WIRE

6. MARKET BY MATERIAL

  • 6.1. STEEL
  • 6.2. POLYESTER
  • 6.3. RAYON
  • 6.4. NYLON
  • 6.5. OTHERS

7. MARKET BY TIRE DISTRIBUTION CHANNEL

  • 7.1. OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET
  • 7.2. REPLACEMENT MARKET

8. GEOGRAPHICAL ANALYSIS

  • 8.1. NORTH AMERICA
    • 8.1.1. MARKET SIZE & ESTIMATES
    • 8.1.2. KEY GROWTH ENABLERS
    • 8.1.3. KEY CHALLENGES
    • 8.1.4. KEY PLAYERS
    • 8.1.5. COUNTRY ANALYSIS
      • 8.1.5.1. UNITED STATES
      • 8.1.5.2. CANADA

9. COMPETITIVE LANDSCAPE

  • 9.1. KEY STRATEGIC DEVELOPMENTS
    • 9.1.1. MERGERS & ACQUISITIONS
    • 9.1.2. PARTNERSHIPS & AGREEMENTS
    • 9.1.3. BUSINESS EXPANSIONS & DIVESTITURES
  • 9.2. COMPANY PROFILES
    • 9.2.1. BEKAERT SA
    • 9.2.2. CENTURY ENKA LIMITED
    • 9.2.3. CORDENKA GMBH & CO KG
    • 9.2.4. DUPONT
    • 9.2.5. FORMOSA TAFFETA CO LTD
    • 9.2.6. HBT RUBBER INDUSTRIAL CO LTD
    • 9.2.7. HYOSUNG CORPORATION
    • 9.2.8. JIANGSU XINGDA STEEL TIRE CORD CO LTD
    • 9.2.9. KOLON INDUSTRIES INC
    • 9.2.10. KORDSA TEKNIK TEKSTIL AS
    • 9.2.11. MICHELIN
    • 9.2.12. SHENMA INDUSTRIAL CO LTD
    • 9.2.13. SHINKONG SYNTHETIC FIBERS CORPORATION
    • 9.2.14. SRF LIMITED
    • 9.2.15. TATA STEEL
    • 9.2.16. TEIJIN LIMITED
    • 9.2.17. TORAY INDUSTRIES INC
    • 9.2.18. TOYOBO CO LTD

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - TIRE REINFORCEMENT MATERIALS
  • TABLE 2: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 4: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 6: STEEL CORD FILAMENTS AND THEIR TENSILE STRENGTHS
  • TABLE 7: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 8: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2028 (IN $ MILLION)
  • TABLE 9: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 10: NORTH AMERICA 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

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: VENDOR LANDSCAPE
  • FIGURE 5: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
  • FIGURE 6: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE CORD FABRIC, 2021-2028 (IN $ MILLION)
  • FIGURE 7: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE BEAD WIRE, 2021-2028 (IN $ MILLION)
  • FIGURE 8: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2020
  • FIGURE 9: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY STEEL, 2021-2028 (IN $ MILLION)
  • FIGURE 10: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY POLYESTER, 2021-2028 (IN $ MILLION)
  • FIGURE 11: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY RAYON, 2021-2028 (IN $ MILLION)
  • FIGURE 12: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY NYLON, 2021-2028 (IN $ MILLION)
  • FIGURE 13: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)
  • FIGURE 14: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TIRE DISTRIBUTION CHANNEL, IN 2020
  • FIGURE 15: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY OEM MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 16: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, BY REPLACEMENT MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 17: NORTH AMERICA TIRE REINFORCEMENT MATERIALS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)
  • FIGURE 18: UNITED STATES TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)
  • FIGURE 19: CANADA TIRE REINFORCEMENT MATERIALS MARKET, 2021-2028 (IN $ MILLION)