Market Overview:
The global radial tire mold market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for radial tires from the commercial vehicle and passenger vehicle segments. Additionally, the growing automotive industry in developing countries is also contributing to the growth of this market. The global radial tire mold market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into steel radial tire mold, aluminum radial tire mold, and other types. The steel segment is expected to dominate this market during the forecast period owing to its high durability and strength as compared to other materials used for manufacturing molds. On the basis of application, it can be classified into commercial vehicle tires and passenger vehicle tires segments. The commercial vehicle segment is projected to grow at a higher CAGR than that of passenger vehicles during 2018-2030 owing increased demand from emerging economies such as India and China . Regionally speaking , North America dominates this market followed by Europe .
Product Definition:
A radial tire mold is a tool used to create the round, tubular shape of a radial tire. The importance of radial tires is that they provide a more comfortable and stable ride than other types of tires.
Steel Radial Tire Mold:
The steel radial tire mold is used to manufacture tires that are designed to fit on the rim of a wheel. The basic design of these tires has remained unchanged for decades, however, advancements in technology have led to the development of high-performance and lightweight tires with improved grip. Steel radial tire molding machines can produce both semi-pneumatic and pneumatic versions of these products at a very fast rate; ranging from 10 tons up to 300 tons per annum.
Aluminum Radial Tire Mold:
Aluminum radial tire mold is a device used to form tires by placing an aluminum disc inside a rubber tire. The aluminum mold has six or eight sides depending on the type of wheel being made. As the metal expands and contracts with temperature, it creates an ideal shape for the tire which improves its performance and durability. Aluminum radial tire mold is widely used in manufacturing automobile tires as they provide better heat dissipation, strength, rigidity and also have lower weight as compared to steel molds.
Application Insights:
The commercial vehicle tire segment accounted for the largest market share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for trucks, buses, and other forms of passenger vehicles in developing countries such as India, China, Vietnam among others. In addition, radial tires are widely used in commercial vehicles owing to their high load capacity and durability against abrasion along with low maintenance cost which makes it highly preferred by businesses over other types of tires.
Radial tires are also extensively used on heavy-duty trucks & vans that carry goods across long distances owing to its ability provide good grip even on wet roads while providing safety against skidding & slipping which is expected to drive the global market growth over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to maintain its dominance over the forecast period. This can be attributed to increasing production and sales of passenger vehicles, coupled with rising demand for high-performance tires from countries such as China, India, Japan and South Korea.
The Asia Pacific regional market was followed by Europe in terms of revenue generation owing to a rise in demand for premium quality tires across Germany, France Italy and Russia among other Eastern European countries. North America also held a significant share due to growing consumer preference towards luxury cars with superior performance characteristics including improved wet grip traction capabilities as well as enhanced ride quality compared to standard all-terrain or mud terrain tire counterparts on similar vehicles manufactured by leading manufacturers such as Ford Motors Co.
Growth Factors:
- Increasing demand for radial tires from the automotive industry
- Rising demand for lightweight and fuel-efficient tires
- Proliferation of electric vehicles and growth in the replacement market
- Technological advancements in tire molding equipment and processes
- Growing popularity of radial tires among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Radial Tire Mold Market Research Report
By Type
Steel Radial Tire Mold, Aluminum Radial Tire Mold, Other
By Application
Commercial Vehicle Tire, Passenger Vehicle Tire
By Companies
Saehwa IMC, Herbert Maschinen, MK Technology, King Machine, Quality Mold, A-Z Formen-und Maschinenbau, Shinko Mold Industrial, SeYoung TMS, Himile, Greatoo, Anhui Wide Way Mould, Wantong, Anhui Mcgill Mould, Tianyang, HongChang, Qingdao Yuantong Machine, Shandong Jinli Tire Equipment, Shandong Hongji Mechanical Technology, Rongcheng Hongchang Mold, Anhui McgillMould
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global Radial Tire Mold Market Report Segments:
The global Radial Tire Mold market is segmented on the basis of:
Types
Steel Radial Tire Mold, Aluminum Radial Tire Mold, Other
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
Commercial Vehicle Tire, Passenger Vehicle Tire
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
- A-Z Formen-und Maschinenbau
- Shinko Mold Industrial
- SeYoung TMS
- Himile
- Greatoo
- Anhui Wide Way Mould
- Wantong
- Anhui Mcgill Mould
- Tianyang
- HongChang
- Qingdao Yuantong Machine
- Shandong Jinli Tire Equipment
- Shandong Hongji Mechanical Technology
- Rongcheng Hongchang Mold
- Anhui McgillMould
Highlights of The Radial 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:
- Steel Radial Tire Mold
- Aluminum Radial Tire Mold
- Other
- By Application:
- Commercial Vehicle Tire
- Passenger Vehicle Tire
- 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 Radial 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.
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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?
Radial tire mold is a type of tire manufacturing equipment that creates radial tires. Radial tires are different from other types of tires in that they have a smaller diameter at the center and larger diameters on either end. This design allows them to be mounted on vehicles with narrower wheel wells, which is important for cars and trucks that use special radial-specific wheels.
Some of the key players operating in the radial tire mold market are Saehwa IMC, Herbert Maschinen, MK Technology, King Machine, Quality Mold, A-Z Formen-und Maschinenbau, Shinko Mold Industrial, SeYoung TMS, Himile, Greatoo, Anhui Wide Way Mould, Wantong, Anhui Mcgill Mould, Tianyang, HongChang, Qingdao Yuantong Machine, Shandong Jinli Tire Equipment, Shandong Hongji Mechanical Technology, Rongcheng Hongchang Mold, Anhui McgillMould.
The radial tire mold market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Radial Tire Mold Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Radial Tire Mold Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Radial Tire Mold Market - Supply Chain
4.5. Global Radial Tire Mold Market Forecast
4.5.1. Radial Tire Mold Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Radial Tire Mold Market Size (000 Units) and Y-o-Y Growth
4.5.3. Radial Tire Mold Market Absolute $ Opportunity
5. Global Radial Tire Mold Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Radial Tire Mold Market Size and Volume Forecast by Type
5.3.1. Steel Radial Tire Mold
5.3.2. Aluminum Radial Tire Mold
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Radial Tire Mold Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Radial Tire Mold Market Size and Volume Forecast by Application
6.3.1. Commercial Vehicle Tire
6.3.2. Passenger Vehicle Tire
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Radial Tire Mold Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Radial Tire Mold Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Radial Tire Mold Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Radial Tire Mold Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Radial Tire Mold Demand Share Forecast, 2019-2026
9. North America Radial Tire Mold Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Radial Tire Mold Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Radial Tire Mold Market Size and Volume Forecast by Application
9.4.1. Commercial Vehicle Tire
9.4.2. Passenger Vehicle Tire
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Radial Tire Mold Market Size and Volume Forecast by Type
9.7.1. Steel Radial Tire Mold
9.7.2. Aluminum Radial Tire Mold
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Radial Tire Mold Demand Share Forecast, 2019-2026
10. Latin America Radial Tire Mold Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Radial Tire Mold Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Radial Tire Mold Market Size and Volume Forecast by Application
10.4.1. Commercial Vehicle Tire
10.4.2. Passenger Vehicle Tire
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Radial Tire Mold Market Size and Volume Forecast by Type
10.7.1. Steel Radial Tire Mold
10.7.2. Aluminum Radial Tire Mold
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Radial Tire Mold Demand Share Forecast, 2019-2026
11. Europe Radial Tire Mold Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Radial Tire Mold Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Radial Tire Mold Market Size and Volume Forecast by Application
11.4.1. Commercial Vehicle Tire
11.4.2. Passenger Vehicle Tire
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Radial Tire Mold Market Size and Volume Forecast by Type
11.7.1. Steel Radial Tire Mold
11.7.2. Aluminum Radial Tire Mold
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Radial Tire Mold Demand Share, 2019-2026
12. Asia Pacific Radial Tire Mold Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Radial Tire Mold Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Radial Tire Mold Market Size and Volume Forecast by Application
12.4.1. Commercial Vehicle Tire
12.4.2. Passenger Vehicle Tire
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Radial Tire Mold Market Size and Volume Forecast by Type
12.7.1. Steel Radial Tire Mold
12.7.2. Aluminum Radial Tire Mold
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Radial Tire Mold Demand Share, 2019-2026
13. Middle East & Africa Radial Tire Mold Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Radial Tire Mold Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Radial Tire Mold Market Size and Volume Forecast by Application
13.4.1. Commercial Vehicle Tire
13.4.2. Passenger Vehicle Tire
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Radial Tire Mold Market Size and Volume Forecast by Type
13.7.1. Steel Radial Tire Mold
13.7.2. Aluminum Radial Tire Mold
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Radial Tire Mold Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Radial Tire Mold Market: Market Share Analysis
14.2. Radial Tire Mold Distributors and Customers
14.3. Radial Tire Mold Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Saehwa IMC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Herbert Maschinen
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MK Technology
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. King Machine
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Quality Mold
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. A-Z Formen-und Maschinenbau
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Shinko Mold Industrial
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. SeYoung TMS
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Himile
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Greatoo
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Anhui Wide Way Mould
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Wantong
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Anhui Mcgill Mould
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Tianyang
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. HongChang
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Qingdao Yuantong Machine
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Shandong Jinli Tire Equipment
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Shandong Hongji Mechanical Technology
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Rongcheng Hongchang Mold
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Anhui McgillMould
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook