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Tire Curing Press Market Size, Growth, Trends And Forecast To 2033
Tire Curing Press Market
As per the report, 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 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%.
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Impact Of Increasing Automobile Production On The Tire-Curing Press Market
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.
Innovative Technologies And Energy Efficiency In The Tire Curing Press Market
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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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.
Contents of the report:
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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