PUBLISHER: The Business Research Company | PRODUCT CODE: 1702909
PUBLISHER: The Business Research Company | PRODUCT CODE: 1702909
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 strongly in recent years. It will grow from $0.95 billion in 2024 to $1 billion in 2025 at a compound annual growth rate (CAGR) of 5.1%. The growth in the historic period can be attributed to increasing demand for efficient tire manufacturing, rise in automotive production, rise in disposable income, growing eco friendly manufacturing demand, increasing focus on sustainability, rising investments in research and development.
The bead winding machine market size is expected to see steady growth in the next few years. It will grow to $1.21 billion in 2029 at a compound annual growth rate (CAGR) of 4.9%. The growth in the forecast period can be attributed to increasing demand for high performance tires, increasing vehicle production, growing demand for automotive services, growing use of wind turbines, growing demand to enhance product lifecycle management. Major trends in the forecast period include adoption of smart factory technologies, adoption of new manufacturing techniques, rise in green tire manufacturing, adoption of advanced sensors, adoption of internet of things (IoT).
The increasing adoption of wind turbines is expected to drive the growth of the bead winding machine market. Wind turbines, which convert wind energy into electricity, consist of components such as rotor blades, a hub, gearbox, generator, nacelle, and tower. The rising demand for clean energy is fueling the use of renewable energy sources like wind power. Concerns over climate change and global efforts to reduce greenhouse gas emissions are prompting governments to invest in wind energy. Bead winding machines play a crucial role in the production of wind turbine blades by precisely and efficiently winding fibers and materials, ensuring consistent quality, structural integrity, and durability. For instance, in March 2024, the World Wind Energy Association, a Germany-based non-profit, reported that global wind power capacity grew by 116,065 megawatts in 2023, reaching a total of over one million megawatts-1,047,288 megawatts-marking a 34% increase from 2022. This growth was led by Brazil and China, with the highest growth rates of 20.8% and 19.0%, respectively. Consequently, the growing use of wind turbines is expected to drive demand for bead winding machines.
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 January 2024, Victor Capital Partners, a US-based middle-market private equity firm, acquired the Coats Company for an undisclosed amount. This acquisition enhances Coats' growth prospects by positioning the company as a larger, more robust entity with increased investments, a broadened product portfolio, and a comprehensive national service offering. The Coats Company, based in the UK, is a manufacturer of bead winding machines.
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 2024. 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 2025 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 forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.