The Tire Machinery Global Market Report 2023, provides comprehensive information on the tire machinery market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Tire Machinery Global Market Report 2023, the global tire machinery market size is expected to grow from $2.45 billion in 2022 to $2.57 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tire machinery market size is expected to reach $3.00 billion in 2027 at a CAGR of 3.9%.
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Strategic partnerships have emerged as a prominent and pivotal trend within the tire machinery market, reflecting the industry’s commitment to innovation and collaboration. Leading companies in the tire machinery sector have embarked on collaborative ventures aimed at revolutionizing tire manufacturing equipment. A remarkable illustration of this trend was witnessed in April 2022 when ELDAN, a prominent Denmark-based enterprise specializing in end-of-life tire (ELT) recycling equipment, joined forces with Pyrum, a distinguished Germany-based tire machinery company. Their collective objective is to advance the field of ELT recycling and tire pyrolysis in Europe.
In a similar vein, November 2021 saw another significant alliance as Apollo Tyres, a renowned tire company headquartered in India, forged a strategic partnership with Amazon Web Services. This partnership symbolizes a dynamic synergy between traditional tire manufacturing and cutting-edge technology. Apollo Tyres and Amazon Web Services are joining hands to embark on an exciting journey into the world of smart tire factories. This transformation involves harnessing the power of the Internet of Things (IoT), data analytics, and machine learning, thereby heralding a new era in the production of tire machinery, including innovative machines like tire rubber mixer machines.
These strategic partnerships are not merely fleeting collaborations but a testament to the evolving landscape of the tire machinery industry. They signify a commitment to sustainability, innovation, and operational excellence, with a clear focus on pushing the boundaries of tire manufacturing. As the industry continues to evolve, these partnerships are poised to deliver groundbreaking solutions, making tire production more efficient, environmentally friendly, and technologically advanced. The confluence of traditional expertise and cutting-edge technology is set to reshape the tire machinery market, ultimately benefitting consumers and the environment alike.
The tire machinery market is segmented:
1) By Machine Type: Mixing Machine or Rubber mixers, Calendaring Machine, Extrusion Machine, Multi Extrusion Lines, Inner Liner Lines, Extruders, Cooling Units, Cutting Machines, Textile Cord Cutting Lines, Other Machinery Types
2) By Tire Type: Radial Tire, Bias Tire
3) By Industry Vertical: Automotive, Agriculture, Aircraft, Other Verticals
Asia-Pacific was the largest region in the tire machinery market in 2022.
The table of contents in TBRC’s tire machinery market report includes:
1. Executive Summary
2. Tire Machinery Market Characteristics
3. Tire Machinery Market Trends And Strategies
4. Tire Machinery Market – Macro Economic Scenario
5. Tire Machinery Market Size And Growth
…
27. Tire Machinery Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Tire Machinery Market
29. Tire Machinery Market Future Outlook and Potential Analysis
30. Appendix
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