Vehicle Tire Molds Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 2.5 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The global vehicle tire molds market was valued at approximately USD 1.7 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.3% from 2023 to 2028. This growth trajectory reflects an increasing demand for high-performance tires driven by advancements in automotive technology and rising vehicle production globally. The market is expected to reach around USD 2.2 billion by 2028. The expansion is fueled by the growing adoption of electric and autonomous vehicles, which require specialized tire molds for enhanced performance and safety.
Opportunities within the vehicle tire molds market are further amplified by emerging markets, particularly in Asia-Pacific and Latin America. These regions are witnessing rapid automotive industry growth, increasing investment in manufacturing infrastructure, and a rising middle-class population that drives higher vehicle ownership rates. Additionally, technological advancements in mold design and production processes are creating new opportunities for market players to innovate and offer customized solutions. As a result, companies focusing on these emerging markets and technological advancements stand to gain significant competitive advantages.
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Saehwa IMC
Herbert Maschinen
MK Technology
King Machine
Quality Mold
A-Z Formen-und Maschinenbau
Shinko Mold Industrial
SeYoung TMS
Himile
Greatoo
Anhui Wide Way Mould
Wantong
Anhui Mcgill Mould
Tianyang
HongChang
Qingdao Yuantong Machine
Shandong Jinli Tire Equipment
Shandong Hongji Mechanical Technology
Rongcheng Hongchang Mold
Anhui McgillMould
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Vehicle Tire Molds Market
Commercial Vehicle Tire
Passenger Vehicle Tire
Based on Types the Market is categorized into Below types that held the largest Vehicle Tire Molds market share In 2023.
Segmented Molds
Two-Piece Molds
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Vehicle Tire Molds Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vehicle Tire Molds Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vehicle Tire Molds Market, By Type
6. Global Vehicle Tire Molds Market, By Application
7. Global Vehicle Tire Molds Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vehicle Tire Molds Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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