Tire Curing Press Market Competitive Landscape 2024-2033 – Major Players and Strategies

Overview and Scope

The tire curing press market consists of sales of heating systems, cooling systems, control systems, automated handling systems, auxiliary equipment, bladder presses, and curing press machines. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Sizing and Forecast

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 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 $1.51 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. 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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Segmentation & Regional Insights

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

Asia-Pacific was the largest region in the tire curing press market in 2023. 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.

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Major Driver Impacting Market 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 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.

Key Industry Players

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.

The tire curing press market report table of contents includes:

1. Executive Summary
2. Tire Curing Press Market Characteristics
3. Tire Curing Press Market Trends And Strategies
4. Tire Curing Press Market – Macro Economic Scenario
5. Global Tire Curing Press Market Size and Growth
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32. Global Tire Curing Press Market Competitive Benchmarking
33. Global Tire Curing Press Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Tire Curing Press Market
35. Tire Curing Press Market Future Outlook and Potential Analysis
36. Appendix