The global Steel Tire Cord market size is predicted to grow from US$ 5692 million in 2025 to US$ 7895 million in 2031; it is expected to grow at a CAGR of 5.6% from 2025 to 2031.

The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.

The steel cord isa combination of several thin wires that help tires absorb shock while improving comfortability for passengers. If the steel cord is made of highest grade steel, the tire can withstand high stress, thereby improving the stability and safety during driving.

Market Drivers

Support and promotion of relevant industrial policies

Metal wire products such as steel cord, steel wire, steel rope and steel strand have a wide range of applications; from the industrial policies of the main terminal application fields, it can be seen that the state has a relatively positive policy support for the metal wire products industry.

Steady development of the automobile industry

The global automobile industry is developing steadily and rapidly. With the development of the national economy, the improvement of residents living standards and the rapid popularization of new energy vehicles, the global automobile consumer market will continue to grow, thereby driving the active development of the tire industry and tire skeleton materials such as steel cord.

Global Procurement Trends of International Tire Companies

The trend of world economic integration makes global procurement inevitable; in order to reduce production costs, tire manufacturers in various countries have obtained more cost-effective tire skeleton materials such as steel cord through global procurement.

Infinity Market Research newest research report, the Steel Tire Cord Industry Forecast looks at past sales and reviews total world Steel Tire Cord sales in 2024, providing a comprehensive analysis by region and market sector of projected Steel Tire Cord sales for 2025 through 2031. With Steel Tire Cord sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steel Tire Cord industry.

This Insight Report provides a comprehensive analysis of the global Steel Tire Cord landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steel Tire Cord portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Steel Tire Cord market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steel Tire Cord and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steel Tire Cord.

This report presents a comprehensive overview, market shares, and growth opportunities of Steel Tire Cord market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:

    Normal Tensile (NT)
    High Tensile (HT)
    Super Tensile (ST)
    Ultra Tensile (UT)

Segmentation by Application:

    Passenger Car Radials (PCR)
    Truck and Bus Radials (TBR)
    Off-The-Road Radials (OTR)
    Others

This report also splits the market by region:

    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.

    Bekaert
    ArcelorMittal
    Byelorussian Steel Works
    Bridgestone
    Tokusen
    Tokyo Rope MFG
    Sumitomo Electric
    Hyosung
    Kiswire
    Jiangsu Xingda
    Daye Shares
    Shougang Century
    Hubei Fuxing
    Henan Hengxing
    Jun Ma Group
    Zenith Steel Group
    Lei Da Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Steel Tire Cord market?
What factors are driving Steel Tire Cord market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steel Tire Cord market opportunities vary by end market size?
How does Steel Tire Cord break out by Type, by Application?