Tire Production Machinery Market Revenue was valued at USD 4.5 Billion in 2024 and is estimated to reach USD 6.8 Billion by 2033, growing at a CAGR of 5.5% from 2026 to 2033.
The global tire production machinery market was valued at approximately USD 5.4 billion in 2022 and is projected to grow at a CAGR of 4.8% from 2023 to 2030. This growth is primarily driven by the increasing demand for high performance tires and the automation of tire manufacturing processes. Key factors contributing to market growth include advancements in technology, the rise of electric vehicles, and growing production capacities in emerging economies. The Asia Pacific region holds the largest market share, accounting for over 45% of the total market revenue, due to the high concentration of tire manufacturing facilities and a large automotive market in countries like China and India. The North American and European markets are also witnessing steady growth, driven by the expansion of production plants and increasing adoption of automation solutions in tire manufacturing processes.
Regionally, the Asia Pacific market is expected to dominate the tire production machinery industry, with a projected market size of approximately USD 2.5 billion by 2030. The region benefits from the presence of large tire manufacturers and a growing automotive industry. North America and Europe are also key contributors, with a market share of 20% and 18%, respectively, in 2022. The Latin American and Middle East & Africa markets are expected to witness moderate growth, fueled by infrastructure development, an increase in vehicle production, and the growing need for replacement tires. As a result, the tire production machinery market is anticipated to experience significant growth across these regions, with opportunities arising from technological advancements, such as the adoption of AI and robotics in tire manufacturing.
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All Well
Erdemtas
Pelmar
Mitsubishi Heavy Industries
Intereuropean Srl
Radar Industries
Ratta Industries
Sant Engineering
Herbert
Balluff
HF Tiretech
Bartell Machinery Systems Llc.
Erhardt+Leimer GmbH
Guilin Zhonghao Lichuang Mechanical&Electrical
Konstrukta
Larsen & Toubro Limited
MESNAC
Strategies/ Recent Developments
L&T Rubber Processing Machinery
Nakata Engineering
Shenyang Blue Silver Industry Automatic Equipment
Tianjin Saixiang Technology
TKH Group NV
VMI Holland BV
Rockwell Automation
TRM (Marangoni Group)
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. 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 Tire Production Machinery Market
Tread Production Machinery
Bead Wire Production Machinery
Inner Liner Machinery
Curing and Vulcanizing Machines
Extrusion Machines
Molding Equipment
Raw Material Preparation Machinery
Assembly and Construction Machinery
Testing and Quality Assurance Equipment
Storage and Handling Equipment
Finishing and Packaging Machinery
OEM (Original Equipment Manufacturers)
Aftermarket and Replacement Parts Manufacturers
Commercial Vehicle Manufacturers
Specialized Tire Manufacturers (e.g., racing tires, all-terrain tires)
Manual Machinery
Semi-Automated Machinery
Fully Automated Machinery
New Production Machinery
Refurbished Machinery
Used Machinery
US (United States, US 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 Tire Production Machinery 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 Tire Production Machinery Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tire Production Machinery Market, By Type
6. Global Tire Production Machinery Market, By Application
7. Global Tire Production Machinery Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Tire Production Machinery Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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