Report Code: A03874 | Pages: NA | Mar 2023 | 8172 Views | ||
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The tire molding is the process of shaping a raw rubber structure into a functional tire of specified dimensions and properties. The process includes designated pressure for the green tire in a mold to give it a final shape, and heat energy to stimulate the chemical reaction between the rubber and other materials. A tire is a very important part of a vehicle, it has to be strong and flexible in the rubber casting to provide a supreme grip while attached to the rim of a wheel. The tire provides a gripping surface for traction and serves as a cushion for the wheels of a moving vehicle. The growing automobile industry all across the globe is expected to boost the tire mold market in the forecast period.
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Market scope and structure analysis:
Report Metric | Details |
Market size available for years | 2020–2027 |
Base year considered | 2019 |
Forecast period | 2021–2027 |
Forecast units | Value (USD) |
Segments covered | Application, Product, and End-user |
Regions covered | North America (U.S., Canada, and Mexico), Europe (Germany, UK, France, Russia, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), LAMEA (Latin America, Middle East, and Africa) |
Companies covered | Anhui Mcgill Mould Co. Ltd., Himile Mechanical Science & Technology (Shandong) Co. Ltd., Greatoo Intelligent Equipment Inc., Anhui Wide Way Mould Co. Ltd., A-Z GmbH, Herbert Maschinen- und Anlagenbau GmbH & Co. KG, King Machine, Shinko Mold Industrial Co. Ltd., Qingdao Yuantong Machinery Co. Ltd., and MK Technology Corp |
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COVID-19 scenario analysis:
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Some of the factors that boost the growth of the market are increasing global sales of automobiles and tire replacement rates in vehicles. However, the price hikes in raw materials hinder the growth of the market. Furthermore, the government funding and support are expected to offer lucrative opportunities for the market in the forecast period.
The tire mold market trends are as follows:
Increasing global sales of automobiles
The automobiles sales have boosted across the globe over the past decade due to various reasons such as urbanization, the rapid increasing buying power of customers, increasing vehicle production, regulations related to fuel efficiency, and improvement in dynamics. Moreover, increase in global sales of automobiles has caused a major shift toward the the adoption of personal vehicle and it is expected to further boost the tire mold market in the forecast period.
Increase in tire replacement rate in vehicles
The automotive ownership pattern, industrialization, population growth, and urbanization has tremendously boosted the tire market over the past many decades. In addition, the growth of the tire market directly depends upon the growth of the commercial and non-commercial vehicle industry, the regular operation of automotive commercial vehicles will lead to an increase in the rate of replacement of tires. Hence, the growing automotive industry will fuel the growth of the tire mold market in the forecast period.
Key segments covered:
Segments | Sub-segments |
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Key benefits of the report:
Questions answered in the Tire Mold Market research report:
Tire Mold Market Report Highlights
Aspects | Details |
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BY PRODUCT TYPE |
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BY APPLICATION |
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By Geography |
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Key Market Players | ANHUI MCGILLMOULD CO., LTD., HIMILE MECHANICAL SCIENCE & TECHNOLOGY (SHANDONG) CO., LTD., GREATOO INTELLIGENT EQUIPMENT INC., ANHUI WIDE WAY MOULD CO., LTD., QINGDAO YUANTONG MACHINERY CO., LTD., HERBERT MASCHINEN- UND ANLAGENBAU GMBH & CO. KG, KING MACHINE, A-Z GMBH, SHINKO MOLD INDUSTRIAL CO., LTD., MK TECHNOLOGY CORP. |
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