tire curing press market analysis, tire curing press market size, tire curing press market drivers, tire curing press market top players, tire curing press market insights, tire curing press market segments
What is the current market size and future outlook for the tire curing press market?
The tire curing press market size has grown strongly in recent years. It will grow from $1.22 billion in 2024 to $1.29 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to demand from the non-tire applications, growth of the automotive industry, expansion of tire manufacturing, environmental regulations and sustainability trends, and economic growth.
The tire curing press market size is expected to see strong growth in the next few years. It will grow to $1.59 billion in 2029 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to the rising need for durable tires, increasing adoption of tire recycling processes, growing adoption of green tire technology, rising investments in tire manufacturing, and increasing use of rubber additives. Major trends in the forecast period include technological advancements, innovations in tire curing press designs, innovations in tire production, the development of new tire curing press technology, and the integration of robotic systems.
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How has the tire curing press market evolved, and what factors have shaped its growth?
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 2023, according to the Organisation Internationale des Constructeurs d’ Automobiles (OICA), a France-based international association of automobile manufacturers, the global automotive industry in 2022 experienced notable growth, with total vehicle production reaching 84.83 million units, a significant increase from the 80 million units produced in 2021. This 6% year-over-year growth underscores the industry’s resilience and its ability to rebound amid challenging economic conditions. Therefore, the increasing production of automobiles is driving the growth of the tire curing press market.
What are the major segments of the tire curing press market?
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
Subsegments:
1) By Mechanical Curing Press: Single Press Machines, Double Press Machines, Multi-Press Machines, Vertical Mechanical Curing Press, Horizontal Mechanical Curing Press
2) By Hydraulic Curing Press: Single Station Hydraulic Curing Press, Multi-Station Hydraulic Curing Press, Vertical Hydraulic Curing Press, Horizontal Hydraulic Curing Press, Electric Or Hydraulic Hybrid Presses
3) By Hybrid Curing Press, Electric-Hydraulic Hybrid Curing Press, Mechanical-Hydraulic Hybrid Curing Press
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Which companies dominate the tire curing press market?
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.
How will evolving trends contribute to the growth of 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.
What are the key regional dynamics of the tire curing press market, and which region leads in market share?
Asia-Pacific was the largest region in the tire curing press market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the tire curing press market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Tire Curing Press Market Report 2025 Offer?
The tire curing press market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Tire curing presses are specialized machines used in tire manufacturing to vulcanize or cure green (uncured) tires by applying heat and pressure, transforming raw rubber into a more durable and elastic material through a chemical reaction with curing agents. This process shapes the tire into its final form, including the tread pattern and sidewall details, ensuring it meets the required safety, performance, and durability specifications.
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