Tire Curing Press Market is predicted to reach USD 1.87 billion at a CAGR of 4.3% during the forecast period

Market Research Future (MRFR) has published on the “Global Tire Curing Press Market”.

MRFR recognizes the following companies as the key players in the global tire curing press market— 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.

Market Highlights

The global tire curing press market is accounted to register a CAGR of 4.3% during the forecast period and is estimated to reach USD 1.87 Billion by 2032.

The global tire curing press market refers to the worldwide industry involved in the manufacturing and distribution of tire curing presses. Tire curing presses are specialized machines used in the tire manufacturing process to shape and cure the rubber compound into the final tire shape. The global tire curing press market has witnessed significant growth in recent years, driven by the expanding automotive industry and the increasing demand for high-performance tires across the globe. A tire curing press is a crucial piece of equipment used in the tire manufacturing process to shape and vulcanize tires, giving them their final shape, strength, and durability. The global tire curing press market is poised for significant growth in the coming years, driven by factors such as increased transportation activities, technological advancements, and the need for efficient and sustainable solutions. 

Segment Analysis

The global tire curing press market has been segmented based on type, mold, and application.

On the basis of type, the market is segmented into mechanical, hydraulic, and hybrid. In 2022, the mechanical segment of the Global tire curing press market is expected to drive the market by holding a substantial market share with a market value of USD 585.7 billion. It is projected to register the highest 3.7% CAGR among the Type segment during the projected period. This is because these machines provide an extensive range covers presses for curing tires such as scooters, motorcycles, passenger cars, light trucks, trucks, tractors, and off-the-road equipment.

Based on mold, the Global tire curing press market has been segmented into a two-piece mold and segmental mold. In 2022, two-piece mold segments led the market with substantial market shares. The target segment is projected to offer a total incremental opportunity of USD 228.5 billion during the forecast period.

Based on application, the Global tire curing press market has been segmented into PCR, TBR, 3-wheeler, and 2-wheeler. The PCR segment is anticipated to drive the Global tire curing press market throughout the forecast period. The target segment is anticipated to offer a total incremental opportunity of USD 197.1 billion by the end of 2030.

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Regional Analysis

The global tire curing press market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US, Canada, and Mexico. The Europe tire curing press market comprises of Germany, France, the UK, Italy, and the rest of Europe. The tire curing press market in Asia-Pacific has been segmented into China, India, Japan, and the rest of Asia-Pacific. The Rest of the World tire curing press market comprises of Middle East, Africa, and Latin America.

Asia-Pacific accounted for the largest market share of 34.2% in 2022 with a market value of USD 422.5 billion; it is expected to register a CAGR of 5.5% during the forecast period. The Asia Pacific region is a major hub for the automotive industry, with countries like China, Japan, India, South Korea, and Thailand being key contributors to the market. The demand for tire curing presses in the Asia Pacific region is driven by the increasing production of automobiles, especially passenger cars and commercial vehicles. The Asia Pacific region has experienced rapid industrialization and urbanization, leading to increased demand for automobiles. This, in turn, has fueled the growth of the tire industry and subsequently the tire curing press market.

The tire curing press market in Europe is a significant segment of the global tire manufacturing industry. Curing presses are essential machines used in the tire manufacturing process to shape and vulcanize tires. Europe has established automotive industry with several major tire manufacturing companies operating in the region. Countries such as Germany, France, Italy, and the United Kingdom are known for their strong presence in the tire manufacturing sector. These countries contribute significantly to the demand for tire curing presses in Europe.

The North American tire curing press market has been prominent due to the presence of a well-established automotive industry and a high demand for tires in the region. The market size has been steadily growing over the years. Several global and regional manufacturers operate in the North American tire curing press market. Some of the prominent players include Rogers Industrial Products Inc., McNeil & NRM, Inc., and among others. The tire curing press market has witnessed technological advancements aimed at improving efficiency, productivity, and reducing energy consumption. Manufacturers are focusing on developing presses with advanced automation, control systems, and energy-efficient features. The demand for tire curing presses is primarily driven by the growth of the automotive industry in North America.

Furthermore, the rest of the world's tire-curing press market is divided into the Middle East, Africa, and Latin America. The Middle East and Africa region is a growing market for tire curing presses due to the expansion of the automotive industry and increased demand for tires. Several factors contribute to the growth of the tire curing press market in this region, including rising population, urbanization, infrastructure development, and industrialization. Key countries in the Middle East and Africa, such as Saudi Arabia, the United Arab Emirates, South Africa, Egypt, and Nigeria, have witnessed significant growth in their automotive sectors, leading to an increased demand for tires. This demand, in turn, drives the need for tire manufacturing equipment, including tire curing presses.

The tire curing press market in South America is influenced by several factors, including the region's automotive industry, tire manufacturing capacity, economic conditions, and government regulations. South America has a significant presence in the global automotive sector, with countries like Brazil and Argentina being major players in automobile manufacturing. Key manufacturers of tire curing presses, both domestic and international, operate in South America to cater to the demand from tire manufacturers.

Key Findings of the Study

• The global tire curing press market is expected to reach USD 1.87 Billion by 2032, at a CAGR of 4.30% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market with a CAGR of 5.5% during the forecast period. The Asia Pacific region is a major hub for the automotive industry, with countries like China, Japan, India, South Korea, and Thailand being key contributors to the market.


• Based on type, the mechanical segment was attributed to holding the largest market in 2022, with an approximate market share of 47.4%.


• Based on application, the PCR segment was attributed to holding the largest market in 2022, with an approximate market share of 42.9%.


• 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., and Uzer Makina, are key market players.