Global Tire Curing Press Market Overview
Global Tire Curing Press Market Size was valued at USD 1.23 billion in 2022. The Tire Curing Press Market industry is projected to grow from USD 1.28 Billion in 2023 to USD 1.87 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.3% during the forecast period (2023 - 2032).
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Tire Curing Press Market Trends
- 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 market 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 market 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 market over the next few years.
Tire Curing Press Market Platform Segment Insights
Tire Curing Press Market Type Insights
Based on Type, the global Tire Curing Press market segmentation includes Mechanical, Hydraulic, and Hybrid. Mechanical Type dominated the Tire Curing Press market in 2022 and is expected to grow at a highest CAGR during the forecast period. A mechanical tire curing press is a specialized machine used in the tire manufacturing industry to shape and cure rubber compounds into the final form of a tire. It is a crucial component in the tire production process, responsible for providing the necessary pressure and heat required to vulcanize the rubber and create a durable tire. These molds can be adjusted to accommodate various tire sizes and types. 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.
A hydraulic tire curing press machine is used in the tire manufacturing industry to apply heat and pressure to raw rubber tires, transforming them into their final shape and structure. The curing process is essential for enhancing the physical properties of the tires, ensuring durability, and achieving optimal performance. The press is equipped with a heating system that raises the temperature inside the press chamber to activate the vulcanization process, where the rubber molecules crosslink to form a solid and resilient structure. The hydraulic curing machines provide presses for passenger / LCV and truck radial tires with advanced features such as individual cavity control, electronic pumps for energy optimization and they are suitable for both two piece and segmented molds.
Figure1: Global Tire Curing Press Market, by Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Tire Curing Press Market Mold Insights
The global Tire Curing Press market is segmented based on Two-piece Mold and Segmental Mold. Two-piece Mold held the largest market share in 2022 and is expected to dominate the Tire Curing Press market during the forecast period (2023-2032). A two-piece mold is designed to apply heat and pressure to a green tire, which is a tire in its uncured state, to shape and vulcanize it into its final form. The machine allows for precise control over temperature and pressure, ensuring uniformity and consistency in tire production. It enables mass production of high-quality tires with consistent dimensions and performance characteristics. Additionally, it facilitates efficient curing cycles, reducing production time and increasing productivity. The machine also provides excellent mold alignment, resulting in superior tire uniformity and reduced scrap rates. Furthermore, it offers versatility by accommodating different tire sizes and designs.
The segmental mold machine consists of multiple individual segments or molds that are used to shape specific sections of the tire, such as the tread, sidewall, and bead. During the tire manufacturing process, the uncured tire is placed inside the segmented molds of the curing press. The molds are then closed around the tire, and heat and pressure are applied to vulcanize and cure the rubber, creating the final shape and structure of the tire. Segmental mold tire curing presses offer several advantages over other types of tires curing presses including customization, efficiency, and quality control. These types of mold press machines are used in a variety of applications such as curing tires for passenger cars, trucks, buses, and other vehicles, retread worn tires and to evaluate new tire designs.
Tire Curing Press Market Application Insights
The Application segment of the Tire Curing Press market is segmented into PCR, TBR, 3-Wheeler, and 2-Wheeler. PCR industry dominated the Tire Curing Press market in 2022. Tire curing presses are used in the manufacturing of passenger car (PCR) tires. There are two main types of tire curing presses available such as hydraulic and mechanical. Hydraulic presses are more common in the PCR tire industry. The tire is first placed in the mold of the curing press. The mold is then closed, and the press applies heat and pressure to the tire. The heat causes the rubber to vulcanize or harden. The pressure ensures that the tire cures evenly. Once the curing process is complete, the press is opened, and the tire is removed from the mold. The tire is then cooled and inspected for quality.
2-Wheeler industry is expected to grow at a highest CAGR during the forecast period (2023-2032). Manufacturers adapted their established column design for this press type to create standard to high-end performance tires to meet the rapidly expanding demands of the 2-wheeler and scooter sectors. These machines provide several features such as designed to manage bias and radial tires, locking and squeeze components, controlled outside of the heated area, Provide cycle time and uniformity, and reduced wear. Tire curing press machines for 2-wheelers made of both 2-piece and segmented mold and the bead diameter range between 10-21 inch for these segments of tire.
Tire Curing Press Market Regional Insights
By Region, the Tire Curing Press market is segmented into North America, South America, Europe, Asia Pacific, and Middle East and Africa. The Asia Pacific Tire Curing Press market held the highest market share in 2022 and is expected to exhibit a significant CAGR growth during the forecast period. The tire curing press market in the Asia Pacific region has been witnessing significant growth over the past few years. 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. Furthermore, several government initiatives and policies promoting domestic manufacturing, such as "Make in India" and "China Manufacturing 2025," have encouraged tire manufacturers to expand their production capacities. Moreover, the Automotive Mission Plan 2026 is a government plan that aims to make India a global hub for automotive manufacturing. The plan includes a number of initiatives to support the development of tire manufacturing in India, including the development of tire curing press technology. This has created a favorable environment for the tire curing press market in the region.
Europe Tire Curing Press market is expected to grow at the fastest rate during the forecast period 2023-2032. 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. Further, the European Commission’s Horizon 2020 program had a budget of over €80 billion for research and development, and a portion of this funding was used to support the development of new tire curing press technology. The region has a large automotive market with a high demand for vehicles, including passenger cars, commercial vehicles, and motorcycles. This drives the need for tire production and, consequently, the demand for tire curing presses.
Figure4: Global Tire Curing Press Market Size By Region 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
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.
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 market for tire curing presses in the Middle East and Africa is primarily driven by Original Equipment Manufacturers (OEMs) producing tires for passenger cars, commercial vehicles, and off-road vehicles.
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.
Tire Curing Press Market Key Players & Competitive Insights
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.
Key Companies in the Tire Curing Press Market 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
Tire Curing Press Market Industry Developments
- In June 2023, Greatoo Intelligent Announces New Tire Curing Press Technology. The new technology is said to be more energy-efficient and environmentally friendly than traditional tire curing presses.
- In May 2023, Guilin Rubber Machinery Co., Ltd. introduced a new line of rubber machinery. Numerous machines for vulcanizing, calendering, mixing, and extruding rubber are part of the new range.
- In April 2019, HF Tire Tech Group has introduced a revolutionary curing press, HF Curemaster TBR, for the manufacturing of truck tires. The new truck tire curing press ‘HF Curemaster TBR’ offers a flexible and compact footprint, enabling it to replace older smaller presses and ultimately saves space or allows for the possibility to fit more presses per existing trench.
Tire Curing Press Market Segmentation
Tire Curing Press Market Type Outlook
Tire Curing Press Market Mold Outlook
- Two-piece Mold
- Segmental Mold
Tire Curing Press Market Application Outlook
Tire Curing Press Market Regional Outlook
- North America
- South America
- Rest of South America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
Market Size 2022
USD 1.23 billion
Market Size 2023
USD 1.28 billion
Market Size 2032
USD 1.87 billion
Compound Annual Growth Rate (CAGR)
Market Forecast Period
Market Forecast Units
Value (USD Billion)
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Type, Mold, Application, and Region
North America, South America, Europe, APAC, and MEA
The U.S, Germany, Canada, U.K., France, Japan, China, India, South Africa, and Brazil, among others
Key Companies Profiled
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
Key Market Opportunities
Rising Technological Advancements in the Tire Curing Press
Key Market Dynamics
The Increasing Use of Rubber Additives
Growing Automotive Aftermarket Globally
Frequently Asked Questions (FAQ) :
The Global Tire Curing Press Market size was valued at USD 1.23 Billion in 2022.
The global market is projected to grow at a CAGR of 4.3% during the forecast period, 2023-2032.
Asia Pacific had the largest share of the global market in 2022.
The key players in the market are 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.
The mechanical segment dominated the Tire Curing Press market in 2022.
Two-piece Mold had the largest revenue share of the global Tire Curing Press market in 2022.
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