About Tire Machinery
The market for tire machinery is rising in tandem with the growth of the automotive industry. It is also used to assemble components like tread, bead, sidewall, and others. Tire machinery is important equipment in the tire-making process. There is a wide variety of tire-making equipment on the market. Manufacturers are using automation to increase the tire production process and the durability of the products in the current scenario. Tire machinery included machines like tire building machines, tire cutting press, bias cutters, and many more. These machines are aimed at tire manufacturers who intends to increase their productivity and big automotive brands. With the increasing demand for cars and vehicles; the demand for tire machinery is also increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
As tire manufacturing grows; the demand for tire machinery will also increase. Players in this market are big companies with some exceptions. A high amount of research and experience is required to operate in this industry. As players in this industry act as suppliers, signing contracts for the long term could be a good strategy. Fluctuations in raw material prices along with the volatility of the vehicle market could hugely affect the market of tire machinery. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AllWell Industry Co., Ltd. (United States), Bartell Machinery Systems Llc (United States), Herbert (Germany), LARSEN & TOUBRO LIMITED (India), MESNAC (China), Mitsubishi Heavy Industries, Ltd. (Japan), Nakata Engineering Co. Ltd. (Japan) and PELMAR GROUP LTD (Israel) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are Tianjin Saixiang Technology Co. Ltd. (China), Triumph (United Kingdom), 4JET (Germany) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Tire Machinery market by Type (Tire Building Machine, Tire Cutting Press, Horizontal Bias Cutter, Bead Wire Grommet Machine and Others), Application (Industry, Transportation and Other) and Region.
On the basis of geography, the market of Tire Machinery has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Vehicle, the sub-segment i.e. Heavy Commercial Vehicles will boost the Tire Machinery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operation, the sub-segment i.e. Automatic will boost the Tire Machinery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Rubber Processing Machinery in Tire Machineries and Introduction of Tire Machinery for Aviation Sector
Market Growth Drivers:
Increasing Manufacturing and Demand of Tires and Need for Efficiency in The Process of Tire Manufacturing
Challenges:
High Capital Expenses Are Required for The Manufacture of Tire Machinery and High Cost Associated with Tire Machinery
Restraints:
Complex End-User Needs Associated with Tire Machinery
Opportunities:
Increasing Demand for Electric Cars Will Boost the Demand for Tire Machinery and Emerging Demand of Tire Machinery from Developing Countries Owing to High Vehicle Sales
Market Leaders and their expansionary development strategies
In April 2024, Continental has acquired the mold manufacturing specialist EMT Púchov s.r.o. based in Slovakia. All shares of Continental's long-standing supplier were transferred to Continental effective. The tire manufacturer had entered into a respective agreement with EMT’s shareholders, Dynamic Design (Romania) being the majority shareholder.
In Feb 2021, A joint laser prototyping technology is being developed by 4JET, a tires machinery manufacturer, and Jenoptik's Light and Production Division, a laser specialist. According to the companies, thanks to more accurate laser material processing, the latest laser technology would allow manufacturers to prototype vehicle tires at a much faster pace. Individual profiles and designs are carved out of a perfectly smooth tread and neutral sidewall using a laser.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Tire Machinery Watch Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.