Tire Curing Press Market Research Report: Information, by Type (Mechanical, Hydraulic, Hybrid and others), Application (Radical and Ordinary Tire) and Region (North America, Europe, Asia-Pacific and the Rest of the World) - Forecast till 2030

Tire Curing Press Market Synopsis

Tire curing press market is estimated to witness 4.3% CAGR during the period, 2019–2025.

Curing is a process used to give a tire its final shape and tread pattern. Various factors are considered in the tire curing press processes such as power consumption per press, fuel consumption, solvents, tire quality, and electric consumption of the factory. The tire curing press method consists of steam curing and nitrogen curing method, which plays a vital role in the curing process and used for curing tires of scooters, motorcycles, passenger cars, light trucks, trucks, tractors, and off-the-road equipment.

The increasing investments in tire manufacturing and tire remolding remolding globally, growing automotive aftermarket, rising demand for durable tires, and the growing use of rubber additives are the key factors responsible for the growth of this market. The lack of skilled labor labour and the high initial investments needed for setting up a plant are some of the factors that are hindering the market growth. However, the growing tire recycling process, growing per capita disposable income in countries such as China and India, rising demand for eco-friendly tires, and developing economies of countries, such as India, Brazil, and Argentina are creating growth opportunities for the market.

The global tire curing press market has witnessed significant growth during the forecast period. The increasing automation in tire curing press machines help reduce an OEM's engineering effort and maximize the overall productivity. The integration of information systems with Logix controllers that provide data needed to monitor the tire curing press process and create realistic production schedules that improve overall equipment effectiveness (OEE) and track tire production are also contributing to the growth of this market.

Prominent Players

The Prominent Players operating in the global market of tire curing press are Larsen & Toubro Limited (India), Mitsubishi Heavy Industries, Ltd (Japan), Harburg-Freudenberger Maschinenbau GmbH (Germany), McNeil and NRM Inc. (US), Greatoo Intelligent (China), Alfred Herbert (India) Ltd. (India), ContiTech AG (Germany), Guilin Rubber Machinery Co., Ltd (China), Rogers Industrial Products, Inc. (US), and CIMA IMPIANTI S.p.a. (Italy).

Global Tire Curing Press Market Segmentation

 

The tire curing press global market is segmented on the basis of type, application, and region. On the basis of type, the global market has been segmented into mechanical, hydraulic, hybrid, and others. On the basis of application, the global market has been divided into radical tire and ordinary tire.

Geographically, the tire curing press global market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the largest market share throughout the forecast period owing to growing automotive and tire recycling industry. Moreover, the rapidly increasing population in countries such as China and India, the improving economic conditions in Thailand, Vietnam, and India, and the rising investments in the automotive aftermarket are expected to further boost the demand for tire curing press in the region. However, North America is expected to witness significant growth during the forecast period due to the growing aviation and commercial vehicle sector in the region. Furthermore, the developing economies of countries in South America and Africa are expected to accelerate the market growth in the rest of the world over the forecast period.

The report for global tire curing press market of Market Research Future covers extensive primary research. This is accompanied by a detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historic and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.

Intended Audience:

• Tire curing press manufacturers


• Tire curing press manufacturers, distributors, and suppliers


• State and national regulatory authorities


• Consulting companies in the tire curing press industry


• Investors/shareholders


• Government and industry associations


• State or government-owned corporations


• Research organizations

Report Scope:

Report Attribute/Metric	Details
Market Size	2030: Significant Value
CAGR	4.3% CAGR (2022-2030)
Base Year	2021
Forecast Period	2022-2030
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Type, Application
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	Larsen & Toubro Limited (India), Mitsubishi Heavy Industries, Ltd (Japan), Harburg-Freudenberger Maschinenbau GmbH (Germany), McNeil and NRM Inc. (US), Greatoo Intelligent (China), Alfred Herbert (India) Ltd. (India), ContiTech AG (Germany), Guilin Rubber Machinery Co., Ltd (China), Rogers Industrial Products, Inc. (US), and CIMA IMPIANTI S.p.a. (Italy).
Key Market Opportunities	growing tire recycling process, rising per capita disposable income, mounting demand for eco-friendly tires, and developing economies of countries are creating growth opportunities Rising per capita disposable income Mounting demand for eco-friendly tires Developing economies of countries
Key Market Drivers	Increasing investments in tire manufacturing and tire remolding remoulding globally Growing automotive aftermarket Rising demand for durable tires Growing use of rubber additives

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