Market Overview:
Segmented Tire Mold Market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The segmented tire mold market has been analyzed based on type, application and region. On the basis of type, the top open tire molds segment is expected to account for a major share of the market during the forecast period. This can be attributed to their growing demand in PCR tires owing to their ability to produce high-quality tires with low manufacturing costs as compared to down-to-ground tire molds.
Product Definition:
Segmented tire mold is a type of tire mold that is used to produce segmented tires. Segmented tires are made up of several small rubber segments that are joined together to form the complete tire. This type of construction allows for a more flexible and durable tire that can better absorb impacts and shocks.
Top Open Tire Molds:
Top open tire molds are used to make tires in the shape of a wheel. It is one of the fastest growing segmented tire molding technology and has been witnessing significant demand from end-use industries such as automotive, construction, agriculture and defense among others. The growth factor for this technology is its ability to produce high quality products with low wastage at an affordable cost which can be attributed to increased market penetration across various industry verticals.
Down To Ground Tire Molds:
The down to ground tire mold is a device that helps in the production of customized rubber products. It is used for manufacturing tires with different patterns and sizes. The process involves the injection molding of rubber sheets which are then vulcanized or cured to obtain desired product. This system produces high quality molded products with accurate thickness, shape, and dimensionality at low cost as compared to other systems available in the market today.
Application Insights:
The PCR segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. The segmentation of PCR tires into multiple pieces helps in reducing the weight of a vehicle, thus increasing fuel efficiency. Segmented tire molding technology allows manufacturers to produce lightweight parts with high impact resistance and durability at a relatively low cost as compared to other types of tire manufacturing processes.
The TBR application segment is expected register significant growth over the forecast period owing to its rising demand from Asia Pacific region where road conditions are more hazardous than other regions due largely to heavy traffic volume on account of growing economies like India and China which has resulted in increased number of accidents leading authorities across countries including China, Japan, Singapore etc., have imposed strict rules & regulations regarding road safety which will eventually drive demand for TBR tires thereby influencing industry growth positively.
Regional Analysis:
Asia Pacific dominated the global segmented tire mold market in 2017. The presence of numerous automotive manufacturers and suppliers in China, Japan, India and South Korea is expected to drive the demand for segmented tire molds over the forecast period. In addition, growing investments by key players to develop new products are anticipated to fuel growth over the next eight years.
The Latin American market is also expected to witness significant growth due to increasing automobile production levels coupled with rising consumer disposable income levels in Brazil and Argentina. Moreover, government initiatives encouraging domestic manufacturing are likely boost regional product demand over the coming years. North America accounted for a considerable share of revenue generated by global top open tire mold industry owing its large presence of passenger car manufacturers such as General Motors Company; Ford Motor Company; Fiat Chrysler Automobiles N VMI; Toyota Motor Corporation etc.; along with heavy commercial vehicle producers such as Caterpillar Inc.
Growth Factors:
- Increasing demand for automobiles: The global production of passenger cars and commercial vehicles is expected to grow at a CAGR of around 3% during the forecast period. This will lead to an increase in the demand for tires, thereby driving the segmented tire mold market growth.
- Rising disposable income: The rise in disposable income has led to an increase in consumer spending on automobiles and other luxury items, thereby fueling the segmented tire mold market growth.
- Technological advancements: Tire manufacturers are increasingly adopting new technologies such as run-flat tires, which require specialized molds that can withstand high pressure and temperature fluctuations. This is expected to drive the segmented tire mold market growth over the next few years.
- Stringent government regulations: Stringent government regulations pertaining to vehicle emissions are encouraging Original Equipment Manufacturers (OEMs) to adopt fuel-efficient technologies such as low rolling resistance tires (LRR), which require specialized molds for their production process Hence, this is anticipated to boost the demand for segmented tire molds in near future . 5 Emerging markets: A large number of untapped opportunities exist in emerging markets such as China and India due to their burgeoning automotive industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Segmented Tire Mold Market Research Report
By Type
Top Open Tire Molds, Down To Ground Tire Molds
By Application
PCR, TBR, OTR, Others
By Companies
Saehwa IMC, HERBERT Maschinen, MK Technology, King Machine, Quality Mold, Inc., A-Z, Shinko Mold Industrial, SeYoung TMS, Himile, Greatoo, Saehwa IMC, Wantong, Anhui Mcgill Mould, Tianyang, HongChang, Qingdao Yuantong Machinery Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Segmented Tire Mold Market Report Segments:
The global Segmented Tire Mold market is segmented on the basis of:
Types
Top Open Tire Molds, Down To Ground Tire Molds
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
PCR, TBR, OTR, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Saehwa IMC
- HERBERT Maschinen
- MK Technology
- King Machine
- Quality Mold, Inc.
- A-Z
- Shinko Mold Industrial
- SeYoung TMS
- Himile
- Greatoo
- Saehwa IMC
- Wantong
- Anhui Mcgill Mould
- Tianyang
- HongChang
- Qingdao Yuantong Machinery Co., Ltd.
Highlights of The Segmented Tire Mold Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Top Open Tire Molds
- Down To Ground Tire Molds
- By Application:
- PCR
- TBR
- OTR
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Segmented Tire Mold Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Segmented tire mold is a type of tire manufacturing process that divides the tread pattern into smaller units called segments. This allows for more accurate and consistent production of the tread pattern, which in turn leads to improved fuel efficiency and reduced emissions.
Some of the key players operating in the segmented tire mold market are Saehwa IMC, HERBERT Maschinen, MK Technology, King Machine, Quality Mold, Inc., A-Z, Shinko Mold Industrial, SeYoung TMS, Himile, Greatoo, Saehwa IMC, Wantong, Anhui Mcgill Mould, Tianyang, HongChang, Qingdao Yuantong Machinery Co., Ltd..
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Segmented Tire Mold Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Segmented Tire Mold Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Segmented Tire Mold Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Segmented Tire Mold Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Segmented Tire Mold Market Size & Forecast, 2018-2028
4.5.1 Segmented Tire Mold Market Size and Y-o-Y Growth
4.5.2 Segmented Tire Mold Market Absolute $ Opportunity
Chapter 5 Global Segmented Tire Mold Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Segmented Tire Mold Market Size Forecast by Type
5.2.1 Top Open Tire Molds
5.2.2 Down To Ground Tire Molds
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Segmented Tire Mold Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Segmented Tire Mold Market Size Forecast by Applications
6.2.1 PCR
6.2.2 TBR
6.2.3 OTR
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Segmented Tire Mold Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Segmented Tire Mold Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Segmented Tire Mold Analysis and Forecast
9.1 Introduction
9.2 North America Segmented Tire Mold Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Segmented Tire Mold Market Size Forecast by Type
9.6.1 Top Open Tire Molds
9.6.2 Down To Ground Tire Molds
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Segmented Tire Mold Market Size Forecast by Applications
9.10.1 PCR
9.10.2 TBR
9.10.3 OTR
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Segmented Tire Mold Analysis and Forecast
10.1 Introduction
10.2 Europe Segmented Tire Mold Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Segmented Tire Mold Market Size Forecast by Type
10.6.1 Top Open Tire Molds
10.6.2 Down To Ground Tire Molds
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Segmented Tire Mold Market Size Forecast by Applications
10.10.1 PCR
10.10.2 TBR
10.10.3 OTR
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Segmented Tire Mold Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Segmented Tire Mold Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Segmented Tire Mold Market Size Forecast by Type
11.6.1 Top Open Tire Molds
11.6.2 Down To Ground Tire Molds
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Segmented Tire Mold Market Size Forecast by Applications
11.10.1 PCR
11.10.2 TBR
11.10.3 OTR
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Segmented Tire Mold Analysis and Forecast
12.1 Introduction
12.2 Latin America Segmented Tire Mold Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Segmented Tire Mold Market Size Forecast by Type
12.6.1 Top Open Tire Molds
12.6.2 Down To Ground Tire Molds
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Segmented Tire Mold Market Size Forecast by Applications
12.10.1 PCR
12.10.2 TBR
12.10.3 OTR
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Segmented Tire Mold Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Segmented Tire Mold Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Segmented Tire Mold Market Size Forecast by Type
13.6.1 Top Open Tire Molds
13.6.2 Down To Ground Tire Molds
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Segmented Tire Mold Market Size Forecast by Applications
13.10.1 PCR
13.10.2 TBR
13.10.3 OTR
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Segmented Tire Mold Market: Competitive Dashboard
14.2 Global Segmented Tire Mold Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Saehwa IMC
14.3.2 HERBERT Maschinen
14.3.3 MK Technology
14.3.4 King Machine
14.3.5 Quality Mold, Inc.
14.3.6 A-Z
14.3.7 Shinko Mold Industrial
14.3.8 SeYoung TMS
14.3.9 Himile
14.3.10 Greatoo
14.3.11 Saehwa IMC
14.3.12 Wantong
14.3.13 Anhui Mcgill Mould
14.3.14 Tianyang
14.3.15 HongChang
14.3.16 Qingdao Yuantong Machinery Co., Ltd.
