The "Tire Cord Fabrics Market by Material (Nylon, Polyester, Rayon, Aramid, Polyethylene Napthalate), Tire Type (Radial Tire, Bias Tire), Application (OEM, Replacement), Vehicle Type (Passenger Cars, Commercial Vehicles) - Global Forecast to 2023" The tire cord fabrics market is projected to reach USD 6.4 billion by 2023, at a CAGR of 5.59% from USD 4.9 billion in 2018.
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The radial tires segment is expected to be the largest tire type during the forecast period.
On the basis of tire type, the tire cord fabric market has been segmented into radial and bias. The radial segment accounted for the largest market share in 2017. The dominance of the segment is owing to the increasing production of passenger cars.
Replacement segment is projected to be the largest application of tire cord fabrics during the forecast period.
On the basis of application, the tire cord fabric market has been segmented into OEM and replacement. The replacement segment is projected to dominate the tire cord fabric market during the forecast period. The dominance of the replacement segment can be attributed to the increasing number of vehicles on road and age of vehicles.
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Browse 100 market data Tables and 46 Figures spread through 129 Pages and in-depth TOC on "Tire Cord Fabrics Market by Material (Nylon, Polyester, Rayon, Aramid, Polyethylene Napthalate), Tire Type (Radial Tire, Bias Tire), Application (OEM, Replacement), Vehicle Type (Passenger Cars, Commercial Vehicles) - Global Forecast to 2023"
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