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Market Research Report
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1031079

China Tire Reinforcement Materials Market Forecast 2021-2026

Published: | Inkwood Research | 121 Pages | Delivery time: 2-3 business days

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China Tire Reinforcement Materials Market Forecast 2021-2026
Published: October 6, 2021
Inkwood Research
Content info: 121 Pages
Delivery time: 2-3 business days
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  • Description
  • Table of Contents
Description

KEY FINDINGS

The China tire reinforcement materials market is projected to develop with a CAGR of 6.01% during the forecast years. The country's market growth is accredited to key factors such as the introduction of new road-testing regulations, the rising adoption rate of autonomous vehicles, as well as the surge in industrial investments. While the base year considered for the market studied is 2020, the estimated period is from 2021 to 2026.

MARKET INSIGHTS

Reinforced tires possess a longer lifespan than regular tires and are not vulnerable to internal damages. As a result, they provide enhanced stability, in addition to improved properties in terms of adhesion and traction.

The connected car industry in China is estimated to witness positive growth on account of the augmenting domestic market and the increasing government initiatives. These scenarios are anticipated to generate favorable market conditions for the country's tire manufacturers.

On the other hand, China is also the major manufacturer as well as consumer of electric vehicles globally. As the country continues to witness a notable demand for autonomous electric vehicles, the demand for tires is set to rise. In addition, numerous cities in China have also initiated novel road-testing rules in order to approve the operation of self-driving vehicles. Therefore, such drivers are anticipated to facilitate the tire reinforcement materials market growth in China over the forecasting period.

COMPETITIVE INSIGHTS

Some of the major companies operating in the market are Hyosung Corporation, Shenma Industrial Co Ltd, HBT Rubber Industrial Co Ltd, etc.

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: 40853

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. COUNTRY SNAPSHOT
  • 2.3. COUNTRY ANALYSIS
  • 2.4. KEY GROWTH ENABLERS
  • 2.5. KEY CHALLENGES

3. KEY ANALYTICS

  • 3.1. IMPACT OF COVID-19 ON CHINA TIRE REINFORCEMENT MATERIALS MARKET
  • 3.2. KEY MARKET TRENDS
  • 3.3. PORTER'S FIVE FORCES ANALYSIS
    • 3.3.1. BUYERS POWER
    • 3.3.2. SUPPLIERS POWER
    • 3.3.3. SUBSTITUTION
    • 3.3.4. NEW ENTRANTS
    • 3.3.5. INDUSTRY RIVALRY
  • 3.4. OPPORTUNITY MATRIX

4. MARKET BY TYPE

  • 4.1. TIRE CORD FABRIC
  • 4.2. TIRE BEAD WIRE

5. MARKET BY MATERIAL

  • 5.1. STEEL
  • 5.2. POLYESTER
  • 5.3. RAYON
  • 5.4. NYLON
  • 5.5. OTHERS

6. MARKET BY TIRE DISTRIBUTION CHANNEL

  • 6.1. OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET
  • 6.2. REPLACEMENT MARKET

7. COMPETITIVE LANDSCAPE

  • 7.1. KEY STRATEGIC DEVELOPMENTS
    • 7.1.1. MERGER & ACQUISITIONS
    • 7.1.2. PARTNERSHIPS & AGREEMENTS
    • 7.1.3. BUSINESS EXPANSION
  • 7.2. COMPANY PROFILES
    • 7.2.1. HBT RUBBER INDUSTRIAL CO LTD
    • 7.2.2. HYOSUNG CORPORATION
    • 7.2.3. JIANGSU XINGDA STEEL TIRE CORD CO LTD
    • 7.2.4. SHENMA INDUSTRIAL CO LTD
    • 7.2.5. SHINKONG SYNTHETIC FIBERS CORPORATION

LIST OF TABLES

  • TABLE 1: MARKET SNAPSHOT - CHINA TIRE REINFORCEMENT MATERIALS
  • TABLE 2: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 3: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TYPE, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 4: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 5: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY MATERIAL, FORECAST YEARS, 2021-2026 (IN $ MILLION)
  • TABLE 6: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)
  • TABLE 7: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE DISTRIBUTION CHANNEL, FORECAST YEARS, 2021-2026 (IN $ MILLION)

LIST OF FIGURES

  • FIGURE 1: KEY MARKET TRENDS
  • FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 3: OPPORTUNITY MATRIX
  • FIGURE 4: CHINA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2020
  • FIGURE 5: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE CORD FABRIC, 2021-2026 (IN $ MILLION)
  • FIGURE 6: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY TIRE BEAD WIRE, 2021-2026 (IN $ MILLION)
  • FIGURE 7: CHINA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2020
  • FIGURE 8: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY STEEL, 2021-2026 (IN $ MILLION)
  • FIGURE 9: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY POLYESTER, 2021-2026 (IN $ MILLION)
  • FIGURE 10: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY RAYON, 2021-2026 (IN $ MILLION)
  • FIGURE 11: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY NYLON, 2021-2026 (IN $ MILLION)
  • FIGURE 12: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY OTHERS, 2021-2026 (IN $ MILLION)
  • FIGURE 13: CHINA TIRE REINFORCEMENT MATERIALS MARKET, GROWTH POTENTIAL, BY TIRE DISTRIBUTION CHANNEL, IN 2020
  • FIGURE 14: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY OEM (ORIGINAL EQUIPMENT MANUFACTURER) MARKET, 2021-2026 (IN $ MILLION)
  • FIGURE 15: CHINA TIRE REINFORCEMENT MATERIALS MARKET, BY REPLACEMENT MARKET, 2021-2026 (IN $ MILLION)