Key Influencer in the Tire Machinery Market 2025: The Impact Of Surging Automotive Demand On The Tire Machinery Market Driver

Which drivers are expected to have the greatest impact on the over the tire machinery market's growth?
The upsurge in automobile demand is predicted to spur the tire machinery market's expansion going forward. The automotive manufacturing sector, which encompasses the design, production, supply, and selling of automobiles, needs tires with enhanced durability, strength, and lifespan. Tire machinery assists companies in producing the necessary tires more effectively and with less expenditure. For example, as per Statistics Canada, a government agency, the number of registered road motor vehicles in Canada rose to 26.2 million in 2021 in January 2023. Moreover, the manufacturing of motor vehicles in Canada grew from 3,973,874 in August 2022 to 4,123,572 in December 2022. Thus, the growing demand for autonomous vehicles propels the tire machinery market's growth.

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What is the future CAGR of the tire machinery market, and how will it impact industry expansion?
Over the past few years, the tire machinery market has witnessed consistent expansion. It is projected to rise from $2.59 billion in 2024 to $2.68 billion in 2025, with a Compound Annual Growth Rate (CAGR) of 3.8%. The growth in the previous period is likely the result of factors such as the development of the automotive industry, the globalization of trade and supply chains, the replacement tire market, advancements in tire technology, and the practice of tire retreading.

The market for tire machinery is anticipated to exhibit robust growth in the forthcoming years, reaching a value of $3.29 billion in 2029 with a CAGR of 5.3%. Factors such as the emergence of electric vehicles and eco-friendly tires, the rise in smart manufacturing and the Industry 4.0 revolution, the shift towards a circular economy, the increase in commercial fleet numbers, along with global infrastructure development are all contributing to this expected growth. Highlights of the predicted trends during this period encompass the incorporation of robotics and automated technology in tire production, the emphasis on tire testing and quality management systems, the roll-out of smart tire manufacturing platforms, the adoption of 3D printing in tire prototype creation, as well as the evolution of tire recycling and retreading machinery.

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What are the most significant trends transforming the tire machinery market today?
The rise of strategic collaborations has become a crucial trend in the tire machinery market. Big operators in the industry are joining forces to innovate manufacturing machines for tires. For example, in April 2022, ELDAN, an ELT recycling equipment recycling company based in Denmark, teamed up with Pyrum, a German firm engaged in tire machinery, to facilitate ELT recycling and tire pyrolysis in Europe. Later, in February 2024, Rockwell Automation Inc., an American automation company, formed a partnership with Italy's industrial tire producer, Prometeon Tyre Group. This alliance will push Prometeon Tyre Group's digitization efforts in their facilities based in Italy, Turkey, Egypt, and Brazil, enhancing its manufacturing efficiency, sustainability and technological capacity. Rockwell Automation is set to introduce its Manufacturing Execution System (MES) as a replacement for existing systems, creating a uniform and cutting-edge digital setup across all of Prometeon's global facilities.

Which key market segments comprise the tire machinery market and drive its revenue growth?
The tire machinery market covered in this report 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

Subsegments:
1) By Mixing Machine Or Rubber Mixers: Internal Mixers, External Mixers
2) By Calendaring Machine: Hot Calendaring Machines, Cold Calendaring Machines
3) By Extrusion Machine: Single Screw Extruders, Twin Screw Extruders
4) By Multi Extrusion Lines: Multi-Layer Extrusion Lines, Co-Extrusion Lines
5) By Inner Liner Lines: Inner Liner Extrusion Machines, Liner Curing Machines
6) By Extruders: Thermoplastic Extruders, Rubber Extruders
7) By Cooling Units: Water-Cooled Units, Air-Cooled Units
8) By Cutting Machines: Automatic Cutting Machines, Manual Cutting Machines
9) By Textile Cord Cutting Lines: Automated Cord Cutting Lines, Manual Cord Cutting Systems
10) By Other Machinery Types: Curing Presses, Bead Winding Machines, Inspection Machines

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What regions are at the forefront of tire machinery market expansion?
Asia-Pacific was the largest region in the tire machinery market in 2024. The regions covered in the tire machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the leading players fueling growth in the tire machinery market?
Major companies operating in the tire machinery market include Guilin Zhonghao Mechanical & Electrical Equipment Co Ltd., All Well Industry Co Ltd., Larsen & Toubro Limited, Kobe Steel Ltd. (Kobelco), Harburg-Freudenberger Maschinenbau GmbH, MESNAC Co Ltd., Davis Standard LLC, Erhardt+Leimer GmbH, Troester GmbH & Co KG, VMI Holland BV., NFM Welding Engineers Inc., KONŠTRUKTA-TireTech a.s., Bartell Machinery Systems LLC, Farrel Corporation, Shun Cheong Machinery Co Ltd., Pelmar Group, Nakata Engineering Co Ltd., HERBERT Maschinenbau GmbH & Co KG, Jing Day Machinery Industrial Co Ltd., AS Tyre Machines, HF Tire Tech Group, Qingdao Guangyue Rubber Machinery Manufacturing Co Ltd., Slach Hydratecs Equipment Pvt Ltd., Yiyang Rubber & Plastics Machinery Group Co Ltd., Zhangjiagang Carenovo Technology Co Ltd., Nanjing Mixer Industrial Co Ltd., Goldhawk Forming Machinery Co Ltd., Santosh Rubber Machinery Pvt Ltd., Wuxi Double Elephant Rubber & Plastics Machinery Co Ltd.

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What Is Covered In The Tire Machinery Global Market Report?

•Market Size Forecast: Examine the tire machinery market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the tire machinery market for a structured understanding.
•Key Players Overview: Analyze major players in the tire machinery market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the tire machinery market.
•Segment Contributions: Evaluate how different segments drive overall growth in the tire machinery market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the tire machinery market.
•Industry Challenges: Identify potential risks and obstacles affecting the tire machinery market.
•Competitive Landscape: Review strategic developments in the tire machinery market, including expansions, agreements, and new product launches.

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