PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484680
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1484680
Tire Mold Market Size & Share Analysis - Trends, Drivers, Competitive Landscape, and Forecasts (2024 - 2030)
Key Highlights
The tire mold market was valued at USD 1,992.6 million in 2023, and it will rise to USD 2,623.0 million, advancing at more than 4.0% CAGR, by 2030.
The rising need for tire molds is because of the growing sales of vehicles and tire replacement rates across the globe.
The recent development in the logistics, mobility, and transportation sectors is the key factor for the growth of this industry currently.
The tire sector, over the last few years, has witnessed significant growth because of the increasing vehicle ownership level, population growth, urbanization, and industrial expansion.
The industry is directly influenced by the growth of non-commercial and commercial vehicle sectors and the frequent utilization of trucks and cars for goods and passenger transport, respectively.
The utilization of new technologies like 3D printing and automation is a major trend being observed in this industry.
Custom molds can be made affordably and swiftly with 3D printing, and the effort and time required to make them can be reduced further via automation.
There is a change toward eco-friendly tire molds, which reduce waste and utilize recyclable materials.
Market Insights
APAC accounted for the largest share of the industry in 2023, of approximately 50%. This can be mainly because of the presence of many tire manufacturers in India, Japan, and China.
These components are themselves in high demand because of these countries growing automotive industry, which has, thus, increased the requirement for tire molds.
North America is likely to advance at a significant compound annual growth rate during this decade. The widespread infrastructure expansion in this continent has led to the extensive acceptance of heavy trucks, for which OTR tires are manufactured.
The existence of key end users and companies in the U.S. is also driving the industry expansion.
The two-piece category is leading the industry. These molds are produced using two separate portions, which are attached together to make a single mold.
They are regularly utilized for larger tires as they offer greater stability and precision in the process of production.
The segmented category will advance at a higher compound annual growth rate, of 4.5%, in the years to come.
Segmented molds provide better flexibility and easy maintenance as they are composed of various components that can be dismantled and assembled easily.
The passenger car radial (PCR) tires category accounted for the largest industry share in 2023, of 40%. Radial tires have a better lifespan compared to bias variants because of the existence of perpendicular polyester biases and crisscrossed steel belts.
The sales of cars are higher than in other types of vehicles, therefore tire replacement requirements are higher in them.
The truck and bus radial (TBR) tires category will propel at the fastest compound annual growth rate, of 4.8%, in the coming years. This is because of the rising need for trucks and buses in the growing logistics and transportation industries.
These tires have a greater load capacity as well as robustness. Essentially, rapid urbanization, e-commerce growth, and economic expansion boost this category's growth.
Many players in this industry are enhancing their presence and increasing their business portfolios via acquisitions.
Table of Contents
Chapter 1. Research Scope
- 1.1. Research Objectives
- 1.2. Market Definition
- 1.3. Analysis Period
- 1.4. Market Size Breakdown by Segments
- 1.4.1. Market size breakdown, by product type
- 1.4.2. Market size breakdown, by application
- 1.4.3. Market size breakdown, by region
- 1.4.4. Market size breakdown, by country
- 1.5. Market Data Reporting Unit
- 1.5.1. Volume
- 1.5.2. Value
- 1.6. Key Stakeholders
Chapter 2. Research Methodology
- 2.1. Secondary Research
- 2.1.1. Paid
- 2.1.2. Unpaid
- 2.1.3. P&S Intelligence database
- 2.2. Primary Research
- 2.3. Market Size Estimation
- 2.4. Data Triangulation
- 2.5. Currency Conversion Rates
- 2.6. Assumptions for the Study
- 2.7. Notes and Caveats
Chapter 3. Executive Summary
Chapter 4. Market Indicators
Chapter 5. Industry Outlook
- 5.1. Market Dynamics
- 5.1.1. Trends
- 5.1.2. Drivers
- 5.1.3. Restraints/challenges
- 5.1.4. Impact analysis of drivers/restraints
- 5.2. Impact of COVID-19
- 5.3. Porter's Five Forces Analysis
- 5.3.1. Bargaining power of buyers
- 5.3.2. Bargaining power of suppliers
- 5.3.3. Threat of new entrants
- 5.3.4. Intensity of rivalry
- 5.3.5. Threat of substitutes
Chapter 6. Global Market
- 6.1. Overview
- 6.2. Market Volume, by Product Type (2017-2030)
- 6.3. Market Revenue, by Product Type (2017-2030)
- 6.4. Market Volume, by Application (2017-2030)
- 6.5. Market Revenue, by Application (2017-2030)
- 6.6. Market Volume, by Region (2017-2030)
- 6.7. Market Revenue, by Region (2017-2030)
Chapter 7. North America Market
- 7.1. Overview
- 7.2. Market Volume, by Product Type (2017-2030)
- 7.3. Market Revenue, by Product Type (2017-2030)
- 7.4. Market Volume, by Application (2017-2030)
- 7.5. Market Revenue, by Application (2017-2030)
- 7.6. Market Volume, by Country (2017-2030)
- 7.7. Market Revenue, by Country (2017-2030)
Chapter 8. Europe Market
- 8.1. Overview
- 8.2. Market Volume, by Product Type (2017-2030)
- 8.3. Market Revenue, by Product Type (2017-2030)
- 8.4. Market Volume, by Application (2017-2030)
- 8.5. Market Revenue, by Application (2017-2030)
- 8.6. Market Volume, by Country (2017-2030)
- 8.7. Market Revenue, by Country (2017-2030)
Chapter 9. APAC Market
- 9.1. Overview
- 9.2. Market Volume, by Product Type (2017-2030)
- 9.3. Market Revenue, by Product Type (2017-2030)
- 9.4. Market Volume, by Application (2017-2030)
- 9.5. Market Revenue, by Application (2017-2030)
- 9.6. Market Volume, by Country (2017-2030)
- 9.7. Market Revenue, by Country (2017-2030)
Chapter 10. LATAM Market
- 10.1. Overview
- 10.2. Market Volume, by Product Type (2017-2030)
- 10.3. Market Revenue, by Product Type (2017-2030)
- 10.4. Market Volume, by Application (2017-2030)
- 10.5. Market Revenue, by Application (2017-2030)
- 10.6. Market Volume, by Country (2017-2030)
- 10.7. Market Revenue, by Country (2017-2030)
Chapter 11. MEA Market
- 11.1. Overview
- 11.2. Market Volume, by Product Type (2017-2030)
- 11.3. Market Revenue, by Product Type (2017-2030)
- 11.4. Market Volume, by Application (2017-2030)
- 11.5. Market Revenue, by Application (2017-2030)
- 11.6. Market Volume, by Country (2017-2030)
- 11.7. Market Revenue, by Country (2017-2030)
Chapter 12. U.S. Market
- 12.1. Overview
- 12.2. Market Volume, by Product Type (2017-2030)
- 12.3. Market Revenue, by Product Type (2017-2030)
- 12.4. Market Volume, by Application (2017-2030)
- 12.5. Market Revenue, by Application (2017-2030)
Chapter 13. Canada Market
- 13.1. Overview
- 13.2. Market Volume, by Product Type (2017-2030)
- 13.3. Market Revenue, by Product Type (2017-2030)
- 13.4. Market Volume, by Application (2017-2030)
- 13.5. Market Revenue, by Application (2017-2030)
Chapter 14. Germany Market
- 14.1. Overview
- 14.2. Market Volume, by Product Type (2017-2030)
- 14.3. Market Revenue, by Product Type (2017-2030)
- 14.4. Market Volume, by Application (2017-2030)
- 14.5. Market Revenue, by Application (2017-2030)
Chapter 15. France Market
- 15.1. Overview
- 15.2. Market Volume, by Product Type (2017-2030)
- 15.3. Market Revenue, by Product Type (2017-2030)
- 15.4. Market Volume, by Application (2017-2030)
- 15.5. Market Revenue, by Application (2017-2030)
Chapter 16. U.K. Market
- 16.1. Overview
- 16.2. Market Volume, by Product Type (2017-2030)
- 16.3. Market Revenue, by Product Type (2017-2030)
- 16.4. Market Volume, by Application (2017-2030)
- 16.5. Market Revenue, by Application (2017-2030)
Chapter 17. Italy Market
- 17.1. Overview
- 17.2. Market Volume, by Product Type (2017-2030)
- 17.3. Market Revenue, by Product Type (2017-2030)
- 17.4. Market Volume, by Application (2017-2030)
- 17.5. Market Revenue, by Application (2017-2030)
Chapter 18. Spain Market
- 18.1. Overview
- 18.2. Market Volume, by Product Type (2017-2030)
- 18.3. Market Revenue, by Product Type (2017-2030)
- 18.4. Market Volume, by Application (2017-2030)
- 18.5. Market Revenue, by Application (2017-2030)
Chapter 19. Japan Market
- 19.1. Overview
- 19.2. Market Volume, by Product Type (2017-2030)
- 19.3. Market Revenue, by Product Type (2017-2030)
- 19.4. Market Volume, by Application (2017-2030)
- 19.5. Market Revenue, by Application (2017-2030)
Chapter 20. China Market
- 20.1. Overview
- 20.2. Market Volume, by Product Type (2017-2030)
- 20.3. Market Revenue, by Product Type (2017-2030)
- 20.4. Market Volume, by Application (2017-2030)
- 20.5. Market Revenue, by Application (2017-2030)
Chapter 21. India Market
- 21.1. Overview
- 21.2. Market Volume, by Product Type (2017-2030)
- 21.3. Market Revenue, by Product Type (2017-2030)
- 21.4. Market Volume, by Application (2017-2030)
- 21.5. Market Revenue, by Application (2017-2030)
Chapter 22. Australia Market
- 22.1. Overview
- 22.2. Market Volume, by Product Type (2017-2030)
- 22.3. Market Revenue, by Product Type (2017-2030)
- 22.4. Market Volume, by Application (2017-2030)
- 22.5. Market Revenue, by Application (2017-2030)
Chapter 23. South Korea Market
- 23.1. Overview
- 23.2. Market Volume, by Product Type (2017-2030)
- 23.3. Market Revenue, by Product Type (2017-2030)
- 23.4. Market Volume, by Application (2017-2030)
- 23.5. Market Revenue, by Application (2017-2030)
Chapter 24. Brazil Market
- 24.1. Overview
- 24.2. Market Volume, by Product Type (2017-2030)
- 24.3. Market Revenue, by Product Type (2017-2030)
- 24.4. Market Volume, by Application (2017-2030)
- 24.5. Market Revenue, by Application (2017-2030)
Chapter 25. Mexico Market
- 25.1. Overview
- 25.2. Market Volume, by Product Type (2017-2030)
- 25.3. Market Revenue, by Product Type (2017-2030)
- 25.4. Market Volume, by Application (2017-2030)
- 25.5. Market Revenue, by Application (2017-2030)
Chapter 26. Saudi Arabia Market
- 26.1. Overview
- 26.2. Market Volume, by Product Type (2017-2030)
- 26.3. Market Revenue, by Product Type (2017-2030)
- 26.4. Market Volume, by Application (2017-2030)
- 26.5. Market Revenue, by Application (2017-2030)
Chapter 27. South Africa Market
- 27.1. Overview
- 27.2. Market Volume, by Product Type (2017-2030)
- 27.3. Market Revenue, by Product Type (2017-2030)
- 27.4. Market Volume, by Application (2017-2030)
- 27.5. Market Revenue, by Application (2017-2030)
Chapter 28. U.A.E. Market
- 28.1. Overview
- 28.2. Market Volume, by Product Type (2017-2030)
- 28.3. Market Revenue, by Product Type (2017-2030)
- 28.4. Market Volume, by Application (2017-2030)
- 28.5. Market Revenue, by Application (2017-2030)
Chapter 29. Competitive Landscape
- 29.1. List of Market Players and their Offerings
- 29.2. Competitive Benchmarking of Key Players
- 29.3. Product Benchmarking of Key Players
- 29.4. Recent Strategic Developments
Chapter 30. Company Profiles
- 30.1. Himile Group Co. Ltd.
- 30.1.1. Business overview
- 30.1.2. Product and service offerings
- 30.1.3. Key financial summary
- 30.2. Changzhou YangS Mould Co., Ltd.
- 30.2.1. Business overview
- 30.2.2. Product and service offerings
- 30.2.3. Key financial summary
- 30.3. Qingdao Wanlong Tire Technology Co., Ltd.
- 30.3.1. Business overview
- 30.3.2. Product and service offerings
- 30.3.3. Key financial summary
- 30.4. Greatoo Intelligent Equipment Inc.
- 30.4.1. Business overview
- 30.4.2. Product and service offerings
- 30.4.3. Key financial summary
- 30.5. Hankook Precision Works Co. Ltd.
- 30.5.1. Business overview
- 30.5.2. Product and service offerings
- 30.5.3. Key financial summary
- 30.6. dynamic design Co. Ltd.
- 30.6.1. Business overview
- 30.6.2. Product and service offerings
- 30.6.3. Key financial summary
- 30.7. Anhui Wide Way Mould Co. Ltd
- 30.7.1. Business overview
- 30.7.2. Product and service offerings
- 30.7.3. Key financial summary
- 30.8. Saehwa IMC Co. Ltd.
- 30.8.1. Business overview
- 30.8.2. Product and service offerings
- 30.8.3. Key financial summary
- 30.9. Herbert Maschinen- und Anlagenbau GmbH & Co. KG
- 30.9.1. Business overview
- 30.9.2. Product and service offerings
- 30.9.3. Key financial summary
- 30.10. Shinko Mold Industrial Co. Ltd
- 30.10.1. Business overview
- 30.10.2. Product and service offerings
- 30.10.3. Key financial summary
- 30.11. MESNAC Co. Ltd.
- 30.11.1. Business overview
- 30.11.2. Product and service offerings
- 30.11.3. Key financial summary
Chapter 31. Appendix
- 31.1. Abbreviations
- 31.2. Sources and References
- 31.3. Related Reports
