Tire Cord and Tire Fabrics Market
Report ID: SQMIG25B2021
Report ID: SQMIG25B2021
sales@skyquestt.com
USA +1 351-333-4748
Report ID:
SQMIG25B2021 |
Region:
Global |
Published Date: March, 2025
Pages:
223
|Tables:
117
|Figures:
77
Tire Cord and Tire Fabrics Market size was valued at USD 6.13 Billion in 2024 and is poised to grow from USD 6.48 Billion in 2025 to USD 10.1 Billion by 2033, growing at a CAGR of 5.7% during the forecast period (2026–2033).
The global tire cord and tire fabrics market is experiencing steady growth due to the increasing demand for tires across various industries, including automotive and aviation. Key drivers include rising vehicle production, expansion of the transportation sector, and a growing emphasis on tire performance and safety. Manufacturers are investing in advanced materials and technologies to enhance tire durability and fuel efficiency. Asia-Pacific dominates the market, driven by the automotive boom in emerging economies. However, sustainability concerns are pushing the industry towards eco-friendly materials. Overall, the tire cord and fabric market is poised for continued expansion with a focus on innovation and sustainability.
Market snapshot - 2026-2033
Global Market Size
USD 5.8 billion
Largest Segment
Passenger Cars
Fastest Growth
Commercial Vehicles
Growth Rate
5.7% CAGR
To get more insights on this market click here to Request a Free Sample Report
Global Tire Cord and Tire Fabrics Market is segmented by Material, Type, Vehicle Type, Application and region. Based on Material, the market is segmented into Nylon, Polyester, Rayon and Others. Based on Type, the market is segmented into Radial and Bias. Based on Vehicle Type, the market is segmented into Passenger Cars, Commercial Vehicles and Others. Based on Application, the market is segmented into OEM and Replacement. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
The radial segment held the largest revenue share in 2022 and is forecasted to grow in the forecast period. Radial tyres are also increasingly being used because they are durable, stable, have good temperature tolerance, resistant to wear and are more fuel efficient. In radial tires the steel belts are placed at an angle of 90 degrees to the tread line, this makes the sidewall of the tire and the tread of the tire to work independently. As a result, radial tires are said to have low sidewall flex and more ground contact. Radial tires are used on all passenger cars and light trucks and are becoming increasingly popular with commercial vehicles as well.
Bias tire segment is expected to grow at the highest CAGR over the forecasted period due to its low cost factor and its application for rough surface and heavy load bearing. However, factors such as high rolling resistance value and wear resistance, as well as heating issues are likely to limit the segment growth. Bias tires are made of nylon belts that are positioned at a 45-degree angle to the tire's tread line. These tires have a more number of layers of rubber in a single structure, making them strong and durable and also increases the protection of the sidewall from puncture. Bias tires are known to be used in construction, agricultural and marine applications.
The passenger car segment is the largest and fast growing segment of the tire cord and tire fabrics market. This is due to the increasing demand for fuel-efficient and high-performance tires in passenger cars. LCVs are also expected to witness significant growth in the coming years, owing to the increasing demand for these vehicles in emerging economies. HCVs are also expected to grow at a steady pace, driven by the rising demand for these vehicles in construction, mining, and other industries.
The commercial vehicle segment is predicted to exhibit a high growth rate within the projected time frame. This growth is caused by a large utilization of vehicles such as buses, trucks and trailers that are associated with high turnover of tires due to their large capacity. Tire cord fabrics are particularly useful for these vehicles because of their durability and longer lifecycle making the vehicles perform better and last longer. Therefore the consumption of tire cord fabrics is expected to increase since the use of these fabrics reduces the tear and wear of tires and increases their durability in commercial vehicles. This trend goes further to show the importance of proper materials that are vital in the development and management of the sector.
To get detailed segments analysis, Request a Free Sample Report
North America is the largest market for tire cord and tire fabrics, accounting for a share of over 30% in 2022. This is due to the presence of a large number of automotive manufacturers in the region, such as Ford, General Motors, and Chrysler. The increasing demand for fuel-efficient and durable tires is also driving the growth of the market in North America.
Europe is the second-largest market for tire cord and tire fabrics, accounting for a share of over 25% in 2022. The increasing demand for passenger cars and commercial vehicles in the region is driving the growth of the market. The presence of many tire manufacturers, such as Michelin, Continental, and Pirelli, is also contributing to the growth of the market in Europe.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Automotive Industry Growth
Tire Performance and Safety
Environmental Regulations
Raw Material Price Volatility
Competition and Overcapacity
Technological Challenges
Global Economic Uncertainty
Request Free Customization of this report to help us to meet your business objectives.
The global tire cord and tire fabrics market features intense competition among key players. Industry leaders such as Hyosung Corporation, Kordsa Global, Bekaert, and Kolon Industries dominate the market, leveraging their extensive product portfolios and global reach. These companies focus on innovation, research and development, and strategic partnerships to maintain their market position. Additionally, regional players cater to specific market segments, contributing to the competitive landscape. Price fluctuations in raw materials, environmental regulations, and advancements in tire technology pose challenges and opportunities for market participants, driving a dynamic and competitive market environment.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Product types team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis, the prospects of the global tire cord and tire fabrics market appear promising, driven by growing automotive production, increasing demand for high-performance tires, and sustainability concerns. Innovations in tire cord materials and technology, such as advanced synthetic fibers and green alternatives, are likely to gain traction. Additionally, the expanding electric vehicle market and stringent regulations on tire performance and safety will further stimulate market growth. However, market players must navigate challenges such as raw material price fluctuations and competition. Overall, the tire cord and tire fabrics market is poised for steady growth as it adapts to evolving industry trends and consumer preferences.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 6.13 Billion |
| Market size value in 2033 | USD 10.1 Billion |
| Growth Rate | 5.7% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Tire Cord and Tire Fabrics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Tire Cord and Tire Fabrics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Tire Cord and Tire Fabrics Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Tire Cord and Tire Fabrics Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
REQUEST FOR SAMPLE
REQUEST FREE CUSTOMIZATION
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Feedback From Our Clients
USA (+1) 351-333-4748
