Tire Curing Press Market Size

Increasing Use of Rubber Additives is Driving the Tire Curing Press Market

The increasing use of rubber additivities globally will support the tire curing press market growth during the forecast period. Rubber additives are ingredients that are added to synthetic or natural rubber to produce desired properties. Rubber additives help to improve the durability of rubber and its resistance to heat, sunlight, mechanical stress, and other environmental factors. The demand for rubber additives is estimated to increase owing to their high demand from the non-tire applications. The recovering automotive industry and resuming of other rubber-based industries globally is expected to drive the market studied in near future.

Increasing use of rubber additives to improve tire performance and wear resistance has escalated the demand for rubber additives. As tires are one of the major applications in the rubber industry, rising initiatives in the tire industry by several countries are likely to drive the market growth. For instance, the China Rubber Industry Association (CRIA), which has issued new industry development guidelines for the years 2021 to 2025. The guidelines set goals such as in production, technology upgrades and energy consumption for a range of segments. -54,000 units’ aircraft tire, of which 15% are China-made.

Such factors will augment the tire curing press industry growth over the projected timeline.

Growing Automotive Aftermarket Globally is Driving the Tire Curing Press Market

The rising growth of automotive aftermarket globally will drive the tire curing press industry growth during the forecast period. Manufacturing, remanufacturing, distributing, redistributing, end-retail, reselling, and installation activities involving automobiles are referred to as being part of the automotive aftermarket. Parts for replacement, collision, appearance, and performance are all included in the aftermarket. The use of cutting-edge technologies has led to the digitalization of automobile maintenance and component sales, which has boosted the automotive aftermarket's popularity.

A tire curing press is used to manufacture, Mold, and design tires for various vehicles such as passenger cars, light commercial vehicles, and heavy commercial vehicles. Due to the low thermal conductivity and low rigidity of the rubber bladder, the tire curing press has become a vital and prominent part of automotive industries. These factors will further drive the adoption of tire curing press in automotive applications over the projected timeline.

Furthermore, the rise of the aftermarket business is also aided by the involvement of car component manufacturers. For instance, in July 2021, JK Tyre and Ki Mobility Solutions Private Ltd. (KMS) signed a contract to provide 24-hour support for the customer service portfolio range across the nation and to build out a substantial service network to support the next stage of growth and deliver best practises in the aftermarket service industry. Such factors will further help the growth of tire curing press industry over the next few years.

The Global Tire Curing Press Market Industry experiences a notable increase in demand for tires, driven by the automotive sector's growth. As vehicle production rises, the need for efficient tire manufacturing processes becomes paramount. In 2024, the market is valued at approximately 1.34 USD Billion, reflecting the industry's response to heightened consumer demand. This trend is expected to continue, with projections indicating a market value of 2.12 USD Billion by 2035. The compound annual growth rate (CAGR) of 4.27% from 2025 to 2035 suggests a robust expansion, highlighting the importance of tire curing presses in meeting production needs.

Sustainability initiatives are becoming increasingly relevant within the Global Tire Curing Press Market Industry. As environmental concerns rise, tire manufacturers are focusing on eco-friendly production methods. This includes the use of sustainable materials and energy-efficient curing processes. Regulatory frameworks are also pushing for greener practices, compelling manufacturers to invest in technologies that minimize environmental impact. The shift towards sustainability not only aligns with global trends but also appeals to environmentally conscious consumers. Consequently, the market is likely to witness growth as companies adopt sustainable practices, potentially leading to increased market share and consumer loyalty.

Technological innovations play a crucial role in shaping the Global Tire Curing Press Market Industry. The integration of automation and advanced control systems enhances efficiency and precision in tire manufacturing. These advancements not only reduce production time but also improve product quality, which is essential in a competitive market. Manufacturers are increasingly adopting smart technologies, such as IoT and AI, to optimize curing processes. This shift towards automation is likely to drive market growth, as companies seek to enhance operational efficiency and reduce costs, thereby positioning themselves favorably in the evolving landscape of tire production.

The dynamics of the global supply chain have a profound impact on the Global Tire Curing Press Market Industry. Fluctuations in raw material availability and transportation costs can affect production timelines and pricing strategies. Manufacturers are increasingly focusing on optimizing their supply chains to mitigate risks and enhance resilience. This includes diversifying suppliers and investing in local production capabilities. As global trade patterns evolve, the ability to adapt to changing supply chain dynamics will be crucial for tire manufacturers. This adaptability may lead to improved market positioning and competitiveness in the tire curing press sector.

The expansion of the electric vehicle (EV) market significantly influences the Global Tire Curing Press Market Industry. As the automotive industry shifts towards electrification, the demand for specialized tires designed for EVs is on the rise. These tires require specific curing processes to ensure optimal performance and safety. Consequently, tire manufacturers are investing in advanced curing technologies to meet the unique requirements of EV tires. This trend is expected to contribute to the overall growth of the market, as the increasing adoption of electric vehicles creates new opportunities for tire production and innovation.

The competitive landscape of the tire curing press market report is characterized by the presence of both global and regional players. The Tire Curing Press market has witnessed consolidation through mergers and acquisitions, with larger companies acquiring smaller players to strengthen their market position and expand their capabilities. This trend has led to the formation of major players with diversified offerings and extensive geographic reach. In the Tire Curing Press market, companies are increasingly adopting advanced technologies to improve project efficiency, safety, and environmental sustainability.

This includes the use of digital tools for project planning and management, advanced tire curing press monitoring systems, and innovative construction techniques.

The major Tire Curing Press companies in the tire curing press market report include Larsen & Toubro Limited, McNeil & NRM, Inc., Mitsubishi Heavy Industries Machinery Systems, Ltd., Harburg-Freudenberger Maschinenbau GmbH, HERBERT Maschinenbau GmbH & Co. KG, Specific Engineering Corporation, Rogers Industrial Products Inc., Greatoo Intelligent, Guilin Rubber Machinery Co., Ltd., Uzer Makina, among others. Companies with a broad geographic presence have an advantage in accessing diverse markets and opportunities. They can leverage their global or regional footprint to expand their market share and diversify their project portfolio.

Local and regional tire curing press have a competitive advantage in their respective markets due to their understanding of local regulations, cultural nuances, and specific project requirements.