Categories: Market Research

Global Tire Machinery Market Size and Forecast 2023-2032| All Well Industry Co.Ltd., Bartell Machinery Systems, Erhardt+Leimer GmbH, Guilin ZhonghaoMechl&Elec Equipment, Herbert Maschinenbau,

The Tire Machinery Global Market Report 2023 by The Business Research Company, provides tire machinery market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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https://www.thebusinessresearchcompany.com/report/tire-machinery-global-market-report

According to The Business Research Company’s Tire Machinery Global Market Report 2023, the global tire machinery market size is expected to grow from $2.45 billion in 2022 to $2.57 billion in 2023 at a compound annual growth rate (CAGR) of 4.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global tire machinery market size is expected to reach $3.00 billion in 2027 at a CAGR of 3.9%.

The rising demand for automobiles is expected to propel the growth of the tire machinery market going forward. Automotive manufacturing refers to the industry that includes designing, building, supplying, and selling automobiles. The automobile would require tires that provide increased durability, strength, and longevity, thus tire machinery helps businesses to manufacture the required tires with greater efficiency and lower investments.

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The tire machinery market 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

Strategic partnerships are a key trend gaining popularity in the tire machinery market. Major companies operating in tire machinery are undergoing partnerships to develop manufacturing machinery for tires. For instance, in April 2022, ELDAN, a Denmark-based end-of-life tires (ELT) recycling equipment recycling company collaborated with Pyrum, a Germany-based company operating in tire machinery to undergo ELT recycling and tire pyrolysis in Europe. Further, in November 2021, Apollo Tyres, an India-based tire company partnered with Amazon Web Services to develop smart tire factories making use of the Internet of Things (IoT), data and analytics, and machine learning for the production of machines, such as tire rubber mixer machines.

The tire machinery market report table of contents includes:

1. Executive Summar

2. Tire Machinery Market Characteristics

3. Tire Machinery Market Trends And Strategies

4. Tire Machinery Market – Macro Economic Scenario

5. Tire Machinery Market Size And Growth

26. Africa Tire Machinery Market

27. Tire Machinery Market Competitive Landscape And Company Profiles

28. Key Mergers And Acquisitions In The Tire Machinery Market

29. Tire Machinery Market Future Outlook and Potential Analysis

30. Appendix

Top Major Players: