Tire Curing Press Machine Market Strategic Perspectives: Key Players, Demand Patterns, and Market Forecasts 2034 | Larsen & Toubro Limited, Harburg-Freudenberger Maschinenbau GmbH

Tire curing press machines are utilized in the tire manufacturing process to shape and cure uncured or green tires. Key functions include heating tires using direct flame, steam, or electrical elements to initiate vulcanization.

Tire curing press market is expected to achieve a valuation of US$ 1,399.6 million by 2024. Anticipated to exhibit a CAGR of 3.1% from 2024 to 2034, the market is positioned for steady growth.

Market Dynamics:

The tire curing press machine market is expected to rise significantly owing to growing automotive production worldwide. As per projections by BloombergNEF, global EV production is forecast to rise from just over 6 million units in 2020 to around 26 million by 2034, driving substantial expansion in tire demand. Further, rising purchasing power and economic growth in developing nations has augmented overall automotive sales, boosting the need for tire curing machines used by tire manufacturers to produce sizable quantities of tires efficiently on a daily basis. Additionally, shift towards more durable and fuel-efficient solutions is prompting manufacturers to introduce advanced tire designs made from novel rubber compounds cured using next-gen tire curing press technologies.

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Increasing number of automaker around the globe is propelling the growth of tire curing press machine market

The automotive industry has been witnessing significant growth globally in the recent years. Both developed and developing economies are manufacturing more vehicles every day to cater to the rising demand from consumers. This has resulted in growing need for tires from automakers. As tire manufacturers need curing presses to cure rubber tires, the increasing automotive production is directly augmenting the demand for tire curing press machines. Many international automakers are also setting up manufacturing facilities in developing Asian countries like India and China which is further boosting the installation of new tire curing presses.

Stringent regulations around reducing vehicular emissions are compelling automakers to focus on fuel-efficient and low-rolling resistant tires

Government bodies across major countries have implemented stringent regulations targeting reduction of carbon emissions from vehicles. This is prompting automakers to prioritize development of advanced tire technologies that can enhance fuel-efficiency and minimize rolling resistance of vehicles. Low-rolling resistant tires with optimized tread patterns and rubber composition require specialized tire curing techniques. Hence, tire manufacturers are increasingly automating and upgrading their curing press systems to facilitate production of such eco-friendly tires as per the regulatory benchmarks. The growing emphasis on improving vehicular emission profiles is acting as a significant driver for the growth of tire curing press machine market.

Key Company Profiles:

Larsen & Toubro Limited, Harburg-Freudenberger Maschinenbau GmbH, Mitsubishi Heavy Industries Machinery Technology Corporation, McNeil & NRM, Inc., Alfred Herbert (India) Ltd., Specific Engineering Corporation Pvt. Ltd., Rogers Industrial Products Inc., Cima Impianti S.p.a., Guilin Rubber Machinery Co., Ltd., Greatoo Intelligent, and Ling Long Tire

Market segmentation:

By Product Type:
Mechanical Curing Press Machine
Hydraulic Curing Press Machine
Hybrid Curing Press Machine

By Application:
Ordinary Tire
Radical Tire

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This Report lets you identify the opportunities in Tire Curing Press Machine Market by means of a region:

⦿ North America (the United States, Canada, and Mexico)
⦿ Europe (Germany, UK, France, Italy, Russia and Turkey, etc.)
⦿ Asia-Pacific (China, Japan, Korea, India, Australia, and Southeast Asia (Indonesia, Thailand, Philippines, Malaysia, and Vietnam))
⦿ South America (Brazil etc.)
⦿ The Middle East and Africa (North Africa and GCC Countries)

High capital cost of curing presses poses a major challenge for small tire manufacturers

Tire curing press machines involve sizable capital investment considering their complex mechanical systems and automation capabilities. Customized presses catering to specific tire dimensions and production capacities have even higher price tags. This makes the procurement of new or replacement presses an expensive proposition especially for small and mid-sized tire manufacturers. The high initial investment requirement poses a major barrier, as such companies have relatively low budgetary allocations for capital expenditure. Saturated markets in developed regions also make it difficult for small players to justify large capital outlays. The capital intensive nature of tire curing press systems is a key restraining factor inhibiting the growth prospects of tire curing press machine market.

Advancing robotics and AI present new product development opportunities

Recent advancements in robotics, additive manufacturing, and artificial intelligence are opening up new avenues for equipment manufacturers. Integration of these modern technologies can help enhance productivity, reduce reliance on human labor, minimize variability, and optimize quality control across curing processes. For example, robotic automation can perform tasks like loading/unloading of tires and facilitate collection of production data through integrated sensors for predictive maintenance. Additive manufacturing techniques also provide flexibility in customizing press components as per application requirements. The evolving robotics and AI landscape is thus presenting lucrative opportunities for curing press OEMs to develop next-generation solutions with advanced production capabilities.

Growing adoption of Industry 4.0 principles in manufacturing will drive the transition toward smart connected presses

Manufacturing industries worldwide are increasingly embracing the concepts of Industry 4.0 such as interconnected machinery, cloud computing, IoT, big data analytics, and cyber-physical systems. When applied to curing press operations, these digital transformation strategies can deliver remarkable gains through real-time process monitoring, remote diagnostics, predictive quality control, and optimization of resource usage. Leading tire makers are already automating their facilities based on smart factory frameworks. This growing shift toward the digital ecosystem will compel press suppliers to develop network-integrated solutions with enhanced data collection and analysis functions. The rising adoption of Industry 4.0 practices bodes well for the upcoming transition of tire curing press market landscape toward smart connected systems over the coming decade.

Key questions answered in the report include:

ᗒ How Tire Curing Press Machine Market industry market will boom in 2024?

ᗒ which are prominent key players will be growing the market?

ᗒ Which enterprise size accounted for the largest data center colocation market share?

ᗒ What is the Compound Annual Growth Rate(CAGR) of the market during the forecast period (2024-2034)?

ᗒ What is the primary factor contributing to the growth of the market?

ᗒ Which region held the largest market share in the market?

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