The tire curing press from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Tire Curing Press Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The tire curing press market size has grown strongly in recent years. It will grow from $1.16 billion in 2023 to $1.22 billion in 2024 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to demand from the non-tire applications, growth of the automotive industry, expansion of tire manufacturing, environmental regulations and sustainability trends, and economic growth.
The tire curing press market size is expected to see strong growth in the next few years. It will grow to $1.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to the rising need for durable tires, increasing adoption of tire recycling processes, growing adoption of green tire technology, rising investments in tire manufacturing, and increasing use of rubber additives. Major trends in the forecast period include technological advancements, innovations in tire curing press designs, innovations in tire production, the development of new tire curing press technology, and the integration of robotic systems.
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Scope Of Tire Curing Press Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Tire Curing Press Market Overview
Market Drivers –
The increasing production of automobiles is expected to propel the growth of the tire-curing press market going forward. Automobile production entails assembling various components through welding, painting, and final assembly to manufacture vehicles designed for transportation and ready for market. The increasing production of automobiles is due to technological advancements, rising consumer demand for vehicles, the globalization of automotive markets, investment in infrastructure, and government policies supporting the automotive industry. Tire curing presses play a vital role in ensuring the production of high-quality, safe, and durable tires, enhancing efficiency and consistency in the manufacturing process, and providing flexibility and cost-effectiveness for automobile production. For instance, in May 2023, according to a report published by the European Automobile Manufacturers’ Association (ACEA), around 85.4 million automobiles were produced globally in 2022, a 5.7% increase from 2021. Therefore, the increasing production of automobiles is driving the growth of the curing press market.
Market Trends –
Major companies operating in the tire curing press market focus on developing innovative technologies, such as energy efficiency in tire retreading, designed to reduce energy consumption significantly compared to traditional curing presses. Energy efficiency in tire retreading refers to minimizing energy consumption during renewal by optimizing equipment, processes, and material selection, aiming to reduce costs and environmental impact. For instance, in March 2024, Cima Impianti S.p.A., an Italy-based manufacturer of automatic curing presses, introduced the Ecoline press range. It offers precise control, versatility, durability, and advanced safety features to enhance manufacturing processes, boost productivity, and lower operational costs in tire retreading operations. The ECOLINE press also offers flexibility in compatibility with products from different brands, allowing retreaters to continue using existing molds initially designed for other brands within its adaptable cavity.
The tire curing press market covered in this report is segmented –
1) By Type: Mechanical Curing Press, Hydraulic Curing Press, Hybrid Curing Press
2) By Mold: Two-piece Mold, Segmental Mold
3) By End Use: Passenger Car Tire, Commercial Vehicle Tire
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Regional Insights –
Asia-Pacific was the largest region in the tire curing press market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the tire curing press market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the tire curing press market are Mitsubishi Heavy Industries Machinery Systems Ltd., Larsen and Toubro Limited, SICK AG, Himile Mechanical Science and Technology Co. Ltd., ContiTech AG, Tianjin Saixiang Technology Co. Ltd., McNeil and NRM Inc., Uzer Makina Ve Kalip A.S., Harburg-Freudenberger Maschinenbau GmbH, Doublestar Corporation, Cima Impianti Spa, Rogers Industrial Products Inc., HERBERT Maschinenbau GmbH and Co. KG, Greatoo Intelligent Equipment Inc., Specific Engineering Corporation Private Limited, All Well Industry Co. Ltd., Alfred Herbert Ltd., LingLong Americas Inc., Jing Day Machinery Industrial Co Ltd., Gold Hawk Machinery Co. Ltd., Qingdao Yahua Machinery Co. Ltd.
Table of Contents
1. Executive Summary
2. Tire Curing Press Market Report Structure
3. Tire Curing Press Market Trends And Strategies
4. Tire Curing Press Market – Macro Economic Scenario
5. Tire Curing Press Market Size And Growth
…..
27. Tire Curing Press Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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