Us Automotive Metal Cords Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Automotive Metal Cords Market was valued at USD 1.8 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 7.5% from 2024 to 2030.
The US Automotive Metal Cords market has witnessed significant growth over the past few years, driven by advancements in automotive manufacturing and increased demand for lightweight, high-performance materials. Metal cords, which are commonly used in tire reinforcement, automotive components, and industrial applications, have become essential for ensuring vehicle safety, durability, and efficiency. The market is expected to continue expanding, propelled by the increasing demand for electric vehicles (EVs) and a surge in automotive production.
In the automotive industry, metal cords play a crucial role in enhancing the strength and reliability of components like tires, belts, and cables. These cords are typically made from high-carbon steel or other durable metals, designed to resist wear and provide long-term performance under extreme conditions. As the automotive sector shifts towards more sustainable practices, manufacturers are opting for materials that can withstand higher levels of stress while reducing overall vehicle weight. This transition is significantly boosting the demand for advanced automotive metal cords.
Data indicates that the US automotive sector is a major driver of metal cord demand, with leading automakers increasingly seeking high-quality cords to meet safety and efficiency standards. The market for automotive metal cords is also closely tied to the rising adoption of electric vehicles (EVs), where lightweight and durable materials are critical for improving battery efficiency and overall vehicle performance. Industry experts predict that by 2027, the US automotive metal cord market will experience a compound annual growth rate (CAGR) of over 5%, driven by these trends.
Furthermore, advancements in production technologies, such as automated manufacturing and improved material science, are enabling manufacturers to produce more efficient and cost-effective automotive metal cords. The rising emphasis on reducing carbon footprints and improving fuel efficiency is pushing the industry to innovate continuously. In parallel, growing infrastructure for EVs and hybrid vehicles is anticipated to expand the automotive metal cord market, making it a key area of focus for investors and manufacturers alike.
In terms of regional growth, the US stands as the leading market for automotive metal cords, driven by technological advancements and a strong automotive manufacturing base. As the automotive industry faces ongoing transformations, particularly with the shift to electric vehicles, the demand for high-performance automotive metal cords is set to rise significantly, ensuring the longevity and safety of vehicles for years to come.
At the same time, similar trends are observed in the growing demand for 100 Gigabit Fiber Optic Transceiver Market, as the automotive and tech sectors become more intertwined, focusing on advanced materials that meet the needs of next-generation vehicles and technology infrastructure.
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Bekaert
Xingda Steel Cord
Kiswire
Hyosung
Shandong SNTON Steel Cord
Bridgestone
Shougang Century
Tokusen
Tokyo Rope MFG
Hubei Fuxing New Material
BMZ
Henan Hengxing
Junma Tyre Cord
Sumitomo Electric Industries
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Metal Cords Market
Steel Cords
Aluminum Cords
Copper Cords
Tires
Belts and Hoses
Structural Components
Suspension Systems
Transmission Systems
Spiral Cords
Twisted Cords
Wire Ropes
Strand Wires
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Automotive Component Manufacturers
Uncoated
Galvanized
Polymer Coated
Copper Plated
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Metal Cords Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Metal Cords Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Metal Cords Market, By Type
6. Global Automotive Metal Cords Market, By Application
7. Global Automotive Metal Cords Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Metal Cords Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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