Press release
Automotive Tire Mold Market is Estimated to Reach USD 1.85 Billion By 2030: Cognitive Market Research
Automotive Tire Mold Market is Estimated to Reach USD 1.85 Billion By 2030: Cognitive Market Research
Automotive tire molds are specialized tools used to make tires for cars, trucks, and other vehicles. Molds are made of steel or aluminum and are designed to produce specific tire sizes and tread patterns. Tire molds are important to the tire manufacturing process as they determine the size, shape, and tread pattern of the final product. Mold quality can affect the overall performance and safety, durability, and longevity of a tire.
Summary:
• As per the study of CMR, The Global Automotive Tire Mold Market Size Was Valued at USD 1.32 Billion In 2022 And is Expected to Grow at a CAGR Of 4.28 % During the Forecast Period, Reaching USD 1.85 Billion By 2030 - Exclusive Report by Cognitive Market Research
• The rapid expansion of the automotive industry coupled with increasing sales of commercial vehicles is the major driving factor for the growth of the automotive tire mold market.
• Asia Pacific is accounted for the largest share of the automotive tire mold market.
• Based on application, the passenger car radial tires segment held the major market share in 2022 owing to the passenger car radial tire is a type of tire increasingly used in modern cars. They are designed with radial construction. This formation allows for better handling and improved fuel efficiency compared to other tire designs.
To know more about The Automotive Tire Mold Market statistics click here: https://www.cognitivemarketresearch.com/automotive-tire-mold-market-report
Market Dynamics:
What are the driving factors for the automotive tire mold market?
The rapid expansion of the automotive industry coupled with increasing sales of commercial vehicles is the main driving factor contributing to the growth of the automotive tire mold market during the forecast period. In the automobile industry, safety is a priority, and tire manufacturers are constantly looking for ways to improve the security and performance of their products. This has led to an increased focus on the design and manufacturing of high-quality tire molds. Additionally, recent advancements in tire technology such as the use of new materials and designs, have driven market growth over the forecast period. However, the production of high-quality tire molds requires significant investment in equipment and technology, which can be a significant barrier to the growth of the global automotive tire mold market in near future. Further, the use of 3D printing technology is expected to increase the production of tire molds, as it allows for greater precision and faster production times. This is expected to create great opportunities for the market during the forecast period.
Market Segementation:
Global automotive tire mold market type segmentation:
• Segmented Molds
• Two-Piece Molds
The two-piece mold segment is a major revenue contributor in terms of type account two-piece molds are the most common type of mold used in the vulcanization process. They are capable of producing high-quality, uniform tires with consistent dimensions and tolerances. The process of manufacturing tires involves vulcanization, where the rubber compound is molded under heat and pressure to form the tire.
Global automotive tire mold market application segmentation:
• Passenger Car Radial Tires (PCR)
• Truck and Bus Radial Tires (TBR)
• Off-The-Road Tires (OTR)
Based on application, the passenger car radial tires segment held the major market share in 2022 owing to this tire type being increasingly used in modern cars. They are designed with radial construction. This formation allows for better handling and improved fuel efficiency compared to other tire designs.
Competitive Analysis of Automotive Tire Mold Market: MK Technology, SAEHWA IMC, HERBERT Maschinenbau, A Z Formen und Maschinenbau, Quality Mold, King Machine, Himile, SeYoung TMS, Shinko Mold Industrial, Greatoo
Get free sample pages of the latest published Automotive Tire Mold Market Report: https://www.cognitivemarketresearch.com/automotive-tire-mold-market-report
Asia Pacific is expected to dominate the automotive tire mold market during the forecast period.
As per CMR analysis, Asia Pacific accounted for relatively the largest share of the Automotive Tire Mold market during the forecast period. The growth of the market is significantly growing in the region on account of the rapidly growing manufacturing industry and the rise in government initiatives to encourage the growth of the automotive industry. In recent years, many countries in the Asia Pacific, including China and India, have made significant investments in their manufacturing sectors.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Automotive Tire Mold Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Automotive Tire Mold Market Segmentation
1.5.1 Automotive Tire Mold Market Regional Fragmentation
1.5.1 Automotive Tire Mold Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Automotive Tire Mold Market
• 3.1 Global Automotive Tire Mold Market Size 2018 - 2030, (USD Million)
• 3.2 Global Automotive Tire Mold Value, Absolute & Opportunity Analysis
• 3.3 Global Automotive Tire Mold Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Automotive Tire Mold Market Statistics 2022: Snapshot
Chapter 4 Global Automotive Tire Mold Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Automotive Tire Mold Market by Type Segmentation Analysis (2018-2030)
Chapter 10 Global Automotive Tire Mold Market by Application Segmentation Analysis (2018-2030)
Chapter 11 Global Automotive Tire Mold Market Regional Analysis
Chapter 12 North America Automotive Tire Mold Market Outlook (2018 - 2030)
Chapter 13 Europe Automotive Tire Mold Market Outlook (2018 - 2030)
Chapter 14 Asia Pacific Automotive Tire Mold Market Outlook (2018 - 2030)
Chapter 15 Latin America Automotive Tire Mold Market Outlook (2018 - 2030)
Chapter 16 Middle East and Africa Automotive Tire Mold Market Outlook (2018 - 2030)
Chapter 17 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Automotive Tire Mold Market TOC click here: https://www.cognitivemarketresearch.com/automotive-tire-mold-market-report
Related Report:
• Passenger car sensors market- https://www.cognitivemarketresearch.com/passenger-car-sensors-market-report
• Rubber tire market - https://www.cognitivemarketresearch.com/rubber-tire-market-report
• Glass mold market- https://www.cognitivemarketresearch.com/glass-mold-market-report
• Passenger Car Airfilters Market- https://www.cognitivemarketresearch.com/passenger-car-airfilters-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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Illinois, 60602
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Email: sales@cognitivemarketresearch.com
Website: https://www.cognitivemarketresearch.com/about-us
About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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