Market Overview:
The global tire machinery market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for tires from the automotive industry, especially in developing countries. In addition, technological advancements in tire machinery are also contributing to the growth of this market. The extrusion machinery segment is expected to dominate the global tire machinery market during the forecast period, owing to its ability to produce high-quality tires with low manufacturing costs. The cutting machinery segment is also projected to grow at a significant rate during the forecast period, as it helps reduce wastage and increases production efficiency. Asia Pacific is expected to be one of fastest-growing regions for Tire Machinery Market over next 10 years owing growing demand from end user industries such as passenger cars.
Product Definition:
A tire machine is a piece of equipment used to install or remove tires from vehicles. There are many different types of tire machines, but the most common type is the hydraulic jack.
Extrusion Machinery:
Extrusion machinery is used to convert solid feedstock into a molten form that can be molded or extruded into the desired shape. The extrusion process involves melting of raw materials such as plastic, rubber, and fibers which are then converted to liquid form through the use of heat and pressure. This molten liquid is then forced through a die or nozzle at an angle under high pressure creating the final product.
Cutting Machinery:
Cutting machinery is used in tire making process to remove the tread from the rim. It plays an important role of separating rubber particles and removing their unwanted content from between the inner and outer rims of tires. The main objective of cutting machine is to produce high quality semi-circular or circular shaped products with a constant wall thickness throughout its length, i.e.
Application Insights:
The motorcycles segment led the global tire machinery market in 2017 and is projected to expand at a steady CAGR over the forecast period. The growth can be attributed to increasing production of lightweight and high-performance tires for two-wheelers, which are manufactured using various types of rubber compounds.
Passenger cars accounted for more than 40% of the overall revenue share in 2017 owing to rising demand from countries such as China, Germany and India. In addition, growing penetration of premium passenger car brands is expected to drive demand for treadmills during the forecast period. However, light trucks are likely to witness a higher CAGR due largely on account of their increased production capacity coupled with flexible manufacturing processes that enable them produce large quantities rapidly compared with conventional automobile plants.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for automotive components and tires from key markets including China, India, Japan, South Korea and Australia.
The growing production facilities along with rising investments by major tire manufacturers such as Bridgestone, Michelin and Goodyear are anticipated to drive product demand across Asia Pacific during the forecast period. In addition, favorable government regulations aimed at promoting manufacturing output are estimated to fuel regional growth during the projected timeframe.
Europe was estimated as one of the largest consumers for tire machinery on account of high usage rates for commercial vehicles coupled with passenger cars across countries including Germany, France Italy Spain U-K- Sweden among others.
Growth Factors:
- Increasing demand for automobiles: The global automobile production 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, which in turn will drive the growth of the tire machinery market.
- Technological advancements: Tire machinery manufacturers are constantly investing in R&D to develop new and innovative products that can meet the changing needs of consumers. This is likely to boost the growth of this market in the coming years.
- Rising disposable income: A rise in disposable income enables consumers to spend more on luxury items such as cars and tires, thereby driving demand for tire machinery products.
- Growing urbanization: The trend of urbanization is gaining traction across emerging economies, which is resulting in an increase in vehicle ownership rates and consequently, a rise in demand for tire machinery products worldwide. 5) Expansion into untapped markets: Many leading players are expanding their operations into untapped markets such as Latin America and Asia Pacific to capitalize on rising opportunities therein
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Machinery Market Research Report
By Type
Extrusion Machinery, Cutting Machinery
By Application
Motorcycles, Passenger Cars, Light Trucks, Other
By Companies
All Well Industry, Bartell Machinery Systems, Erhardt+Leimer GmbH, Guilin ZhonghaoMechl&Elec Equipment, Herbert Maschinenbau, KONSTRUKTA-TireTech, Larsen & Toubro Limited, MESNAC, Mitsubishi Heavy Industries, Nakata Engineering, All Well Industry, Shenyang Blue Silver Industry Automatic Equipment, Tianjin Saixiang Technology, TKH Group, VMI Holland
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
176
Number of Tables & Figures
124
Customization Available
Yes, the report can be customized as per your need.
Global Tire Machinery Market Report Segments:
The global Tire Machinery market is segmented on the basis of:
Types
Extrusion Machinery, Cutting Machinery
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
Motorcycles, Passenger Cars, Light Trucks, Other
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:
- All Well Industry
- Bartell Machinery Systems
- Erhardt+Leimer GmbH
- Guilin ZhonghaoMechl&Elec Equipment
- Herbert Maschinenbau
- KONSTRUKTA-TireTech
- Larsen & Toubro Limited
- MESNAC
- Mitsubishi Heavy Industries
- Nakata Engineering
- All Well Industry
- Shenyang Blue Silver Industry Automatic Equipment
- Tianjin Saixiang Technology
- TKH Group
- VMI Holland
Highlights of The Tire Machinery 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:
- Extrusion Machinery
- Cutting Machinery
- By Application:
- Motorcycles
- Passenger Cars
- Light Trucks
- Other
- 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 Tire Machinery 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?
Tire machinery is a category of equipment used in the manufacturing process of tires. It includes machines that shape and mold rubber, as well as those that inflate and trim them.
Some of the major companies in the tire machinery market are All Well Industry, Bartell Machinery Systems, Erhardt+Leimer GmbH, Guilin ZhonghaoMechl&Elec Equipment, Herbert Maschinenbau, KONSTRUKTA-TireTech, Larsen & Toubro Limited, MESNAC, Mitsubishi Heavy Industries, Nakata Engineering, All Well Industry, Shenyang Blue Silver Industry Automatic Equipment, Tianjin Saixiang Technology, TKH Group, VMI Holland.
The tire machinery market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Tire Machinery 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 Tire Machinery Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Tire Machinery 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 Tire Machinery 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 Tire Machinery Market Size & Forecast, 2018-2028
4.5.1 Tire Machinery Market Size and Y-o-Y Growth
4.5.2 Tire Machinery Market Absolute $ Opportunity
Chapter 5 Global Tire Machinery 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 Tire Machinery Market Size Forecast by Type
5.2.1 Extrusion Machinery
5.2.2 Cutting Machinery
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Tire Machinery 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 Tire Machinery Market Size Forecast by Applications
6.2.1 Motorcycles
6.2.2 Passenger Cars
6.2.3 Light Trucks
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Tire Machinery 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 Tire Machinery 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 Tire Machinery Analysis and Forecast
9.1 Introduction
9.2 North America Tire Machinery 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 Tire Machinery Market Size Forecast by Type
9.6.1 Extrusion Machinery
9.6.2 Cutting Machinery
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 Tire Machinery Market Size Forecast by Applications
9.10.1 Motorcycles
9.10.2 Passenger Cars
9.10.3 Light Trucks
9.10.4 Other
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 Tire Machinery Analysis and Forecast
10.1 Introduction
10.2 Europe Tire Machinery 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 Tire Machinery Market Size Forecast by Type
10.6.1 Extrusion Machinery
10.6.2 Cutting Machinery
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 Tire Machinery Market Size Forecast by Applications
10.10.1 Motorcycles
10.10.2 Passenger Cars
10.10.3 Light Trucks
10.10.4 Other
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 Tire Machinery Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Tire Machinery 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 Tire Machinery Market Size Forecast by Type
11.6.1 Extrusion Machinery
11.6.2 Cutting Machinery
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 Tire Machinery Market Size Forecast by Applications
11.10.1 Motorcycles
11.10.2 Passenger Cars
11.10.3 Light Trucks
11.10.4 Other
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 Tire Machinery Analysis and Forecast
12.1 Introduction
12.2 Latin America Tire Machinery 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 Tire Machinery Market Size Forecast by Type
12.6.1 Extrusion Machinery
12.6.2 Cutting Machinery
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 Tire Machinery Market Size Forecast by Applications
12.10.1 Motorcycles
12.10.2 Passenger Cars
12.10.3 Light Trucks
12.10.4 Other
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) Tire Machinery Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Tire Machinery 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) Tire Machinery Market Size Forecast by Type
13.6.1 Extrusion Machinery
13.6.2 Cutting Machinery
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) Tire Machinery Market Size Forecast by Applications
13.10.1 Motorcycles
13.10.2 Passenger Cars
13.10.3 Light Trucks
13.10.4 Other
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 Tire Machinery Market: Competitive Dashboard
14.2 Global Tire Machinery Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 All Well Industry
14.3.2 Bartell Machinery Systems
14.3.3 Erhardt+Leimer GmbH
14.3.4 Guilin ZhonghaoMechl&Elec Equipment
14.3.5 Herbert Maschinenbau
14.3.6 KONSTRUKTA-TireTech
14.3.7 Larsen & Toubro Limited
14.3.8 MESNAC
14.3.9 Mitsubishi Heavy Industries
14.3.10 Nakata Engineering
14.3.11 All Well Industry
14.3.12 Shenyang Blue Silver Industry Automatic Equipment
14.3.13 Tianjin Saixiang Technology
14.3.14 TKH Group
14.3.15 VMI Holland
