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Stocks•21 April 2026•

1 min read

Steel Tire Cord Market Projected to Surpass $9.56 Billion by 2035

An illustration of a global supply chain with factories, labs, and shipping containers on a world map, showing warning signs, red lights, and text 'production' and 'توقف' (stop).

Key Facts

1The steel tire cord market size is projected to surpass USD 9.56 billion by 2035.

2The market is estimated to grow at a CAGR of 6.59% between 2026 and 2035.

3The market was valued at USD 5.11 billion in 2025.

A recent report by SNS Insider highlights a robust growth trajectory for the steel tire cord market, with its valuation projected to exceed USD 9.56 billion by 2035. The market, valued at USD 5.11 billion in 2025, is expected to expand at a compound annual growth rate (CAGR) of 6.59% between 2026 and 2035. This significant growth is primarily driven by rising global vehicle production and a structural shift toward radial and tubeless tires. Additionally, increased demand for heavy commercial vehicles (HCVs) and off-road machinery is providing further momentum to the industry. These projections offer a bullish long-term outlook for steel sector stocks and automotive parts suppliers within the global manufacturing ecosystem.