Industry Overview
The Global Tire Curing Press Industry is a highly fragmented market with a large number of global and regional players in the market. The market for tire curing presses is growing at a sluggish pace during the forecast period. The market is mainly driven by the manufacturing of Tires. Due to the Covid-19 impact, the automotive industry is facing a slow growth rate and this has ultimately impacted the tire market as well. Further, it is expected that new cars coming on the road will boost the demand for Tire curing presses shortly.
As the world is slowly overcoming the pandemic, the production and demand for the Tire in developing nations such as APAC, Africa, and Latin America is rising gradually. Further, the introduction of new tire technologies such as green tires is another factor driving the market in developed nations.
Market Segmentation
Insight by Type
Based on type, the market is segmented into mechanical tire curing, hydraulic tire curing, hybrid tire curing, and others. Among these hybrid tire curing is the latest and most used type owing to its reliable feature which reduces energy consumption and offers a faster and stable power source.
Insight by Application
Based on application, the market is bifurcated into radical tires and ordinary tires. Of these two applications, the radial tire segment accounted for the foremost share in the Tire curing press market and is expected a promising market application in terms of future market growth.
Global Tire Curing Press Market Report Coverage
|
Report Metric
|
Details
|
|
Historical Period
|
2018 - 2023
|
|
Base Year Considered
|
2024
|
|
Forecast Period
|
2025 - 2030
|
|
Market Size in 2023
|
U.S.D. XX Billion
|
|
Revenue Forecast in 2030
|
U.S.D. XX Billion
|
|
Growth Rate
|
XX%
|
|
Segments Covered in the Report
|
by Type,by Application
|
|
Report Scope
|
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
|
|
Regions Covered in the Report
|
North America,Europe,Asia-Pacific (APAC),Rest of the World (RoW)
|
Industry Dynamics
Industry Trends
One of the key trends prevailing in the tire curing press market is the automotive sector demand for energy-saving tires which is expected to have a significant impact on the tire machinery sector over the next few years
Growth Drivers
The growing automotive sector and rising adoption of new technologies in the sector is giving rise annual production of vehicles. This factor will impact the Tire curing press progression in the market shortly.
Challenges
High maintenance costs and numerous vehicle types may obstruct the growth of the Tire curing press market. Technology within the sector keeps on changing every year which makes the automotive OEMs difficult to switch and therefore, restricts the Tire curing press market growth.
Opportunities
The gradual shift towards the green tire by the automotive players is expected to bring new opportunities in the market. As a result, tire manufacturers are regularly involved in some of brownfield or greenfield projects to match their growing market demands.
Geographic Overview
Geographically, APAC is the largest and fastest-growing Tire curing press market with the largest number of vehicle production every year and a growing number of automotive OEMs and Tire suppliers in the region. This will further upsurge the growth of the China Tire curing press market in years to come.
Further, the US and Europe hold the second and third largest Tire curing press market share respectively, due to the growing advanced vehicle adoption.
Competitive Insight
Key players in the Tire curing press market include Tire manufacturers. Mergers & acquisitions and strategic collaboration are certainly a disruption in the tire and rubber industry, but they also serve many useful purposes, including the transfer of knowledge and technology.
ContiTech is one of the world's leading industrial specialists with customers in key industries such as machine and plant engineering, mining, the agricultural industry, and the automotive industry. The company uses its development and material expertise for products and systems made of rubber, polyamide, metal, textile, and electronic components to combine these with individual services. ContiTech also offers functional and design-oriented living solutions and is always searching for customer-friendly and environmentally-friendly answers as a producer of rubber products.
AMCL Machinery Limited (AMCL) was started as Joint Venture company between ACC Limited and M/s. Leonh Herbert Machinenfabrik, Germany. In the year 2008. AMCL has become part of HNG Group. AMCL provides complete grinding solutions related to Cement and Mineral Industry.
Some of the key players operating in the market Tire Curing Press market
AMCL Machinery Ltd., CIMA IMPIANTI S.p.a., ContiTech AG, Greatoo Intelligent, Guilin Rubber Machinery Co. Ltd., Harburg-Freudenberger Maschinenbau GmbH, Larsen & Toubro Limited, McNeil and NRM Inc., Mitsubishi Heavy Industries Ltd., and Rogers Industrial Products Inc..
Recent Developments by Key Players
Continental Tire recently opened its Continental Retread Solutions Development Center in Rock Hill, S.C., which aims on retread process improvements and technology development.
The Tire Curing Press Market report offers a comprehensive market segmentation analysis along with an estimation for the forecast period 2025–2030.
Segments Covered in the Report
- Type
- Mechanical Tire Curing
- Hydraulic Tire Curing
- Hybrid Tire Curing
- Others
- Application
- Radical Tire
- Ordinary Tire
Geographical Segmentation
- North America
- Europe
- Germany
- U.K.
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia-Pacific (APAC)
- China
- Japan
- India
- South Korea
- Rest of Asia-Pacific
- Rest of the World (RoW)
- Brazil
- Saudi Arabia
- South Africa
- U.A.E.
- Other Countries
.png "Tire Curing Press Market Size")
Source: VynZ Research
.png "Tire Curing Press Market Analysis")
Source: VynZ Research
