What is the current market size and future outlook for the bead winding machine market?
The bead winding machine market size has grown strongly in recent years. It will grow from $0.95 billion in 2024 to $1 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing demand for efficient tire manufacturing, rise in automotive production, rise in disposable income, growing eco friendly manufacturing demand, increasing focus on sustainability, rising investments in research and development.
The bead winding machine market size is expected to see steady growth in the next few years. It will grow to $1.21 billion in 2029 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing demand for high performance tires, increasing vehicle production, growing demand for automotive services, growing use of wind turbines, growing demand to enhance product lifecycle management. Major trends in the forecast period include adoption of smart factory technologies, adoption of new manufacturing techniques, rise in green tire manufacturing, adoption of advanced sensors, adoption of internet of things (IoT).
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How has the bead winding machine market evolved, and what factors have shaped its growth?
The growing use of wind turbines is expected to propel the growth of the bead winding machine market going forward. Wind turbines convert wind energy into electricity, featuring rotor blades, a hub, gearbox, generator, nacelle, and tower. The growing demand for clean energy propels the adoption of renewable sources such as wind power. Climate change concerns and international agreements to reduce greenhouse gas emissions are pushing governments to invest in wind energy. Bead winding machines enhance the production of wind turbine blades by precisely and efficiently winding fibers and materials, ensuring consistent quality, structural integrity, and durability. For instance, March 2024, according to the World Wind Energy Association, a Germany-based non-profit association, global wind power capacity grew by 116,065 megawatts in 2023, pushing the total to over one million megawatts, reaching 1,047,288 megawatts. This marks a 34% increase over 2022, which saw an addition of only 86 gigawatts, resulting in a global growth rate of 12.5%—a notable improvement from the 10.2% growth rate in 2022. Brazil and China led the top ten countries with the highest growth rates, achieving 20.8% and 19.0%, respectively. Therefore, the growing use of wind turbines will drive the bead winding machine market.
What are the major segments of the bead winding machine market?
The bead winding machine market covered in this report is segmented –
1) By Type: Manual, Electric, Other Types
2) By Configuration: Single Bead, Multi-Spindle Bead, Automatic Bead, Computer Numerical Control (CNC) Bead, High-Speed Bead
3) By Application: Passenger Cars, Commercial Vehicles, Off-Road Vehicles, Industrial Machinery, Agriculture Machinery
Subsegments:
1) By Manual Bead Winding Machines: Hand-Operated Machines, Pedal-Operated Machines
2) By Electric Bead Winding Machines: Fully Automated Electric Machines, Semi-Automatic Electric Machines, Programmable Electric Machines (Cnc-Based)
3) By Other Types: Pneumatic Bead Winding Machines, Hybrid Bead Winding Machines (Combining Manual And Electric Functionalities)
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Which companies dominate the bead winding machine market?
Major companies operating in the bead winding machine market are Michelin, LARSEN & TOUBRO LIMITED, Kobe Steel Ltd., KraussMaffei, Marangoni S.p.A., VMI Group, Tianjin Saixiang Technology Co. Ltd., ROSENDAHL NEXTROM, Bartell Machinery, Sino Textile Machinery, Sai Engineering Works, Yogi Enterprises, Fuji Machine America Corporation, Windak Group, Bharaj Machineries, VIPO a. s, Leesona Corporation, Herbert Maschinenbau GmbH & Co. KG, Gorman Machine Corporation, K&G Machinery Works Ltd., Jovil Universal LLC
How will evolving trends contribute to the growth of the bead winding machine market?
Major companies operating in the bead winding machines market are focused on developing technologically advanced products, such as automated fiber winding and filament placement machines, to serve customers with advanced features better. Automated fiber winding and filament placement machines are advanced manufacturing equipment designed to automate the process of winding materials, such as fiberglass, onto a rotating mandrel. For instance, in October 2023, CompoTech, a US-based manufacturing and technology company, launched ‘Turnkey’. The turnkey is an automated fiber winding and filament placement machine. It incorporates an integrated FANUC (Rochester Hills, Mich., USA) M-20iA/20M with an R-30iB six-axis robot arm and remote controller unit, as well as an in-house-created Shneg 2.0 fiber placement and winding software that manages the robot arm and winding mandrel. The software translates a design specification into a manufacturing program, allowing for the accurate fabrication of carbon fiber components. Standard program preparation winding codes for popular types of products, such as round tubes, beams, and n-edge profiles, are included with all machines, as well as operator training and comprehensive system support.
What are the key regional dynamics of the bead winding machine market, and which region leads in market share?
North America was the largest region in the bead winding machine market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the bead winding machine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Bead Winding Machine Market Report 2025 Offer?
The bead winding machine market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
A bead winding machine refers to a specialized equipment used in the production of tires, specifically for creating the bead, which is the part of the tire that ensures a secure fit to the rim of the wheel. The bead is made of steel wires that are coated with rubber and then wound into a hoop. The bead winding machine automates this process, ensuring precise winding and consistent tension of the steel wires to create a robust and uniform bead.
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