PUBLISHER: The Business Research Company | PRODUCT CODE: 1531889
PUBLISHER: The Business Research Company | PRODUCT CODE: 1531889
A bead winding machine is specialized equipment used in tire production, specifically designed to fabricate the bead-a crucial component that ensures a secure fit to the wheel rim. The bead consists of rubber-coated steel wires wound into a hoop. This process is automated by the bead winding machine, ensuring precise winding and consistent tension of the steel wires to create a durable and uniform bead.
The primary types of bead winding machines include manual, electric, and other variants. Manual bead winding machines are operated by hand, allowing the user to control the steel wire winding process to form the tire bead. They are available in configurations such as single bead, multi-spindle bead, automatic bead, computer numerical control (CNC) bead, and high-speed bead, catering to diverse applications in passenger cars, commercial vehicles, off-road vehicles, industrial machinery, and agricultural machinery.
The bead winding machine market research report is one of a series of new reports from The Business Research Company that provides bead winding machine market statistics, including the bead winding machine industry global market size, regional shares, competitors with bead winding machine market share, detailed bead winding machine market segments, market trends, and opportunities, and any further data you may need to thrive in the bead winding machine industry. These bead winding machine market research reports deliver a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The bead winding machine market size has grown steadily in recent years. It will grow from $0.9 billion in 2023 to $0.95 billion in 2024 at a compound annual growth rate (CAGR) of 4.9%. The growth observed in the historical period can be attributed to several factors, including increased demand for efficient tire manufacturing, higher automotive production rates, rising disposable incomes, growing demand for eco-friendly manufacturing practices, increased emphasis on sustainability, and rising investments in research and development.
The bead winding machine market size is expected to see strong growth in the next few years. It will grow to $1.15 billion in 2028 at a compound annual growth rate (CAGR) of 5%. The anticipated growth in the forecast period can be attributed to increasing demand for high-performance tires, rising vehicle production, growing demand for automotive services, expanding use of wind turbines, and increasing focus on enhancing product lifecycle management. Major trends expected in this period include the adoption of smart factory technologies, new manufacturing techniques, advancements in green tire manufacturing, integration of advanced sensors, and the utilization of Internet of Things (IoT) technologies.
The bead winding machine market is set to grow significantly due to the increasing adoption of wind turbines. Wind turbines are crucial for converting wind energy into electricity and consist of various components such as rotor blades, hub, gearbox, generator, nacelle, and tower. The rising demand for clean energy is driving the use of renewable sources such as wind power, spurred by concerns over climate change and international agreements to reduce greenhouse gas emissions. Bead winding machines play a vital role in enhancing the production of wind turbine blades by precisely and efficiently winding fibers and materials, ensuring consistent quality, structural integrity, and durability. For example, in 2021, wind turbines accounted for 22% of newly installed electricity capacity in the U.S., with a $12 billion investment and a 7% increase in average capacity compared to 2020, as reported by the U.S. Department of Energy (DOE).
Leading companies in the bead winding machines sector are concentrating on developing advanced technological solutions, such as automated fiber winding and filament placement machines, to better serve their customers with enhanced capabilities. These machines automate the process of winding materials such as fiberglass onto a rotating mandrel, significantly improving manufacturing efficiency. For instance, in October 2023, CompoTech launched 'Turnkey', an automated fiber winding and filament placement machine equipped with an integrated FANUC M-20iA/20M robot arm and Shneg 2.0 software for precise fabrication of carbon fiber components.
In August 2021, Rieter Holding Ltd., a Swiss textile machinery company, announced the acquisition of three businesses from Saurer Netherlands Machinery Company B.V., including the Schlafhorst automatic winder business, Accotex (specializing in elastomer components for spinning machines), and Temco (providing bearing solutions for filament machines). This strategic move aims to strengthen Rieter Holding Ltd.'s market position and expand its product portfolio in ring- and compact spinning systems, aligning with their growth strategy.
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
North America was the largest region in the bead winding machine market in 2023. 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.
The countries covered in the bead winding machine market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bead winding machine market consists of sales of wire feeder, winding drum, and tension control system. 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.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bead Winding Machine Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bead winding machine market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bead winding machine ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bead winding machine market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.