Report Code: A13982 | Pages: NA | Mar 2023 | 1341 Views | ||
Author(s) : NA | Tables: NA | Charts: NA |
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Tire Building Machinery Market
Request Now !A tire is built by a robotized machine called a tire building machine (TBM). The TBM assembles all semi-manufactured goods such as: tread, sidewall, inner liner, body ply, bead, and cord body together to assemble green tires. There are different stages of building a tire, the first is the green tire. Tire manufacturers are gradually increasing their adoption of automation solutions in their production process to enhance their production capacity and product quality. Leading vendors are searching for tire manufacturing machines which has high production output and low maintenance cost as well as least manpower requirement. With technological advancement, tire building machinery is made to produce large tire dimensions and new tires with sophisticated and more developed designs. Therefore, integration of automation solutions in tire building machinery is expected to drive the market growth in the next few years.
COVID-19 Impact analysis
Top Impacting Factors
Increase in demand for replacement tires in passenger and commercial vehicles due to different factors such as constant exposure to wear & tear, harsh road conditions, requirement for seasonal tires, and changing consumer perspective, is expected to drive the growth of the market in the upcoming years. In commercial vehicles, tires have a comparatively short life span and there is a need of replacement after completion of five years of service period. Both developed and developing countries are observing a rise in demand for replacement tires and this inspires manufacturers to boost the production capacity of tire plants. Hence, increase in demand for replacement tires is expected to drive the market growth during the forecast period. The building machinery companies are extensively adopting automation solutions in their manufacturing process to increase its productivity and decrease their maintenance cost, which is expected to supplement the growth of tire building machinery market. Adoption of IoT in tire manufacturing is anticipated to advance the growth of the tire building industry. Automotive industry is expanding at a significant pace and it leads to increase in number of newly designed car models. Different car models require tires of different patterns and sizes. However, tire manufacturers find it difficult to manufacture specific tires as per requirement, as it results in changing the entire tire-building process. Thus, frequent changes in tire specifications are likely to hinder the growth of the tire building machinery market.
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Tire Building Machinery Market Report Highlights
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Key Market Players | Harburg-Freudenberger Maschinenbau GmbH, Larsen & Toubro Limited, Mitsubishi Heavy Industries Ltd., TKH Group NV, Shenyang Blue Silver Industry Automatic Equipment Co Ltd, SAFE – Run Machinery (Suzhou) Co. Ltd, Erdemtas, Pelmar, Intereuropean Srl, VMI Group, Samson Machinery Inc, Balluff, HF Tiretech, RRR Development |
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