Worldwide Market Reports added Latest Research Report titled “Tire Bead Wire Market – Size, Share, Outlook, and Forecast till 2026” to its Large Report database.
Tire bead wire is a drawn steel wire, which is manufactured from quality wire rods with high carbon content. The surface of the bead wire is coated with copper or bronze, which ensures proper adhesion with the used rubber compound. Tire bead wire is used in all types of pneumatic tires such as trucks, buses, passenger cars, jeeps, OTR equipment, farm equipment, motor cycles, scooters and cycle tires to hold the tire on the rim and to resist the action of the inflated pressure. The load of the vehicle is transferred from rim to the tire through bead wire and thus, prevents vibration during driving.
Safety, strength, and durability of the tires are affected by the tire bead wire. The size of bead wire to be selected depends upon the type of tire and structure of the bead rings. Increasing traffic congestion, rising population, demand for better fuel mileage, and lower emission rate is increasing demand for two wheelers and in turn, is increasing the demand for tires. Therefore, these factors will boost growth of tire bead wire market. Increasing vehicle production is another factor driving growth of the market.
Request for Discount @ https://www.worldwidemarketreports.com/discount/196821
Key Developments in Tire Bead Wire Market
Key players are adopting various strategies such as mergers, acquisitions, new product launches, expansions, collaborations, partnerships, approvals, and joint ventures to retain its position in the tire bead wire market. On April 26, 2018, Bekaert acquired 33% equity share of Ontario Teachers in Bridon-Bekaert Ropes Group.
Moreover, the management of Bekaert announced a major expansion program for the company’s manufacturing plant in Lipetsk, Russia on September 6, 2017.
Some of the key players operating in the tire bead wire market include Bekaert, Kiswire, Rajratan, Heico Wire Group, TATA Steel, WireCo WorldGroup, Shandong Daye, Xingda, Snton, Xinglun, GUIZHOU Wire Rope, and King Industrial among others.
Request for Table of Content : https://www.worldwidemarketreports.com/toc/196821
** If you have any special requirements, please let us know and we will offer you the report as you want.
About WMR
Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.
Contact Us:
Mr. Shah
Worldwide Market Reports
1001 4th Ave,
#3200
Seattle, WA 98154,
U.S
Tel: +1 415 871 0703
Email: sales@worldwidemarketreports.com
Visit our website for more details: https://www.worldwidemarketreports.com
Visit our new website for latest News: https://www.industrychronicle.com