PUBLISHER: The Business Research Company | PRODUCT CODE: 1532090
PUBLISHER: The Business Research Company | PRODUCT CODE: 1532090
Tire curing presses are specialized machines used in tire manufacturing to vulcanize or cure green (uncured) tires by applying heat and pressure. This process transforms raw rubber into a more durable and elastic material through a chemical reaction with curing agents. It shapes the tire into its final form, including the tread pattern and sidewall details, to meet safety, performance, and durability specifications.
The main types of tire curing presses are mechanical curing presses, hydraulic curing presses, and hybrid curing presses. Mechanical curing presses use mechanical force, such as gears and levers, to apply pressure and heat and mold rubber into shape. The various molds used include two-piece molds and segmental molds. These presses are utilized in various end-users such as passenger car tires and commercial vehicle tires.
The tire curing press market research report is one of a series of new reports from The Business Research Company that provides tire curing press market statistics, including tire curing press industry global market size, regional shares, competitors with a tire curing press market share, detailed tire curing press market segments, market trends, and opportunities, and any further data you may need to thrive in the tire curing press industry. This tire curing press research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 anticipated growth in the forecast period can be attributed to several factors, including the rising need for durable tires, the increasing adoption of tire recycling processes, the growing adoption of green tire technology, rising investments in tire manufacturing, and the increasing use of rubber additives. Major trends expected during this period include technological advancements in tire curing press designs, innovations in tire production processes, the development of new tire curing press technology, and the integration of robotic systems for enhanced efficiency in tire manufacturing.
The tire-curing press market is set to grow due to increased automobile production. Automobiles are manufactured by assembling various components using processes such as welding, painting, and final assembly. Factors driving automobile production include technological advancements, rising consumer demand, global automotive market trends, infrastructure investments, and supportive government policies. Tire-curing presses are crucial for ensuring high-quality, safe tires, improving manufacturing efficiency, and offering flexibility and cost-effectiveness in automobile production. For instance, in 2022, global automobile production increased by 5.7% compared to 2021, as reported by the European Automobile Manufacturers' Association (ACEA), highlighting the growth in the curing press market driven by increased automobile production.
Leading companies in the tire curing press market are focusing on innovative technologies, such as energy-efficient tire retreading, to significantly reduce energy consumption compared to traditional curing presses. Energy-efficient tire retreading aims to optimize equipment, processes, and material selection to minimize costs and environmental impact. For example, Cima Impianti S.p.A. introduced the Ecoline press range in March 2024, offering precise control, versatility, durability, and advanced safety features to enhance tire retreading processes, boost productivity, and reduce operational costs. The Ecoline press range is adaptable, allowing compatibility with products from different brands, enhancing flexibility for retreaters.
In June 2021, Goodyear Tire and Rubber Company acquired Cooper Tire and Rubber Company for $2.5 billion, intending to strengthen its global tire market position by leveraging Goodyear's technology, distribution, and brand strength. Cooper Tire and Rubber Company specialize in advanced tire curing presses used in vulcanization and tire shaping for passenger cars.
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.
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.
The countries covered in the tire curing press market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
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.
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.
Tire Curing Press 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 tire curing press 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 tire curing press ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tire curing press 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.