The tire machinery market size is expected to see strong growth in the next few years. It will grow to $3.29 billion in 2029 at a compound annual growth rate (CAGR) of 5.3%. The growth in the forecast period can be attributed to electric vehicles (EVs) and sustainable tires, smart manufacturing and industry 4.0, focus on circular economy, rise in commercial fleets, global infrastructure development. Major trends in the forecast period include integration of robotics and automation in tire production, focus on tire testing and quality control systems, introduction of intelligent tire manufacturing platforms, adoption of 3D printing technology in tire prototyping, development of tire recycling and retreading equipment.
The burgeoning demand for automobiles is anticipated to drive the growth of the tire machinery market. Automotive manufacturing necessitates tires with enhanced durability, strength, and longevity. Tire machinery facilitates efficient and cost-effective tire production, meeting these demands. For instance, in Canada, vehicle registrations soared to 26.2 million in 2021, while motor vehicle manufacturing in the country increased from 3,973,874 in August 2022 to 4,123,572 in December 2022. The increasing need for advanced tires, especially in the realm of autonomous vehicles, propels the tire machinery market's growth.
The growing demand for aircraft is set to drive the tire machinery market. Aircraft, designed for flight within Earth's atmosphere, rely on tire machinery for precision-engineered, high-performance tires, ensuring safe operations. According to the Bureau of Infrastructure and Transport Research Economics, RPT aircraft trips surged by 1.7% to 50,318 trips in June 2023 compared to June 2022. Consequently, the soaring demand for aircraft steers the expansion of the tire machinery market.
Strategic partnerships are becoming a significant trend in the tire machinery market. Major companies in this sector are forming alliances to develop manufacturing machinery for tires. For example, in April 2022, ELDAN, a Denmark-based company specializing in end-of-life tire (ELT) recycling equipment, collaborated with Pyrum, a Germany-based firm in tire machinery, to engage in ELT recycling and tire pyrolysis in Europe. Additionally, in February 2024, Rockwell Automation Inc., a US-based automation company, partnered with Prometeon Tyre Group, an Italian industrial tire manufacturer. This collaboration will enable Prometeon Tyre Group to enhance its digitalization strategy across its facilities in Italy, Turkey, Egypt, and Brazil, leading to improvements in manufacturing efficiency, sustainability, and technological innovation. Rockwell Automation will deploy its Manufacturing Execution System (MES) to replace existing systems, creating a standardized and advanced digital environment across all Prometeon facilities worldwide.
Advancements in the tire machinery market manifest in the development of high-speed tire pressure testing systems, seeking a competitive edge. Tailored equipment such as the high-speed tire pressure testing system specializes in evaluating tire pressure at elevated speeds. For example, in March 2023, Tekscan Inc., a US-based company specializing in pressure and force sensors, introduced the high-speed tirescan. This system accurately measures dynamic contact patch pressure (DCPP) from tires running at speeds up to 265 km/h (165 mph), offering crucial insights for automotive research, quality assurance, manufacturing, and product design.
In April 2024, Continental AG, a Germany-based manufacturer of automotive parts, acquired EMT Púchov s.r.o. for an undisclosed amount. This acquisition allows Continental to complete its internal portfolio of mold-making technologies. EMT Púchov s.r.o. is a Slovakia-based company specializing in the production of custom tire molds, particularly for commercial vehicles and specialty tires.
Major companies operating in the tire machinery market include Guilin Zhonghao Mechanical & Electrical Equipment Co Ltd., All Well Industry Co Ltd., Larsen & Toubro Limited, Kobe Steel Ltd. (Kobelco), Harburg-Freudenberger Maschinenbau GmbH, MESNAC Co Ltd., Davis Standard LLC, Erhardt+Leimer GmbH, Troester GmbH & Co KG, VMI Holland BV., NFM Welding Engineers Inc., KONŠTRUKTA-TireTech a.s., Bartell Machinery Systems LLC, Farrel Corporation, Shun Cheong Machinery Co Ltd., Pelmar Group, Nakata Engineering Co Ltd., HERBERT Maschinenbau GmbH & Co KG, Jing Day Machinery Industrial Co Ltd., AS Tyre Machines, HF Tire Tech Group, Qingdao Guangyue Rubber Machinery Manufacturing Co Ltd., Slach Hydratecs Equipment Pvt Ltd., Yiyang Rubber & Plastics Machinery Group Co Ltd., Zhangjiagang Carenovo Technology Co Ltd., Nanjing Mixer Industrial Co Ltd., Goldhawk Forming Machinery Co Ltd., Santosh Rubber Machinery Pvt Ltd., Wuxi Double Elephant Rubber & Plastics Machinery Co Ltd.
Asia-Pacific was the largest region in the tire machinery market in 2024. The regions covered in the tire machinery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the tire machinery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
Tire machinery encompasses equipment used in manufacturing tires, bringing together components in tire building machines to create finished products for vehicles.
Tire machinery encompasses various types such as mixing machines or rubber mixers, calendaring machines, extrusion machines, multi-extrusion lines, inner liner lines, extruders, cooling units, cutting machines, textile cord-cutting lines, and additional equipment. Specifically, rubber mixers are utilized in the rubber industry to blend and process rubber compounds. These machinery types cater to different tire variations such as radial and bias tires, serving industry verticals including automotive, agriculture, aircraft, and various other sectors.
The tire machinery market research report is one of a series of new reports that provides tire machinery market statistics, including tire machinery industry global market size, regional shares, competitors with a tire machinery market share, detailed tire machinery market segments, market trends and opportunities, and any further data you may need to thrive in the tire machinery industry. This tire machinery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The tire machinery market consists of sales of mechanical tire curing presses, hydraulic tire curing presses, and tire-building machines. 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.
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Table of Contents
Executive Summary
Tire Machinery Global Market Report 2025 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on tire machinery 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.
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Description
Where is the largest and fastest growing market for tire machinery? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The tire machinery market global report 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 market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- 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.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Machine Type: Mixing Machine or Rubber Mixers; Calendaring Machine; Extrusion Machine; Multi Extrusion Lines; Inner Liner Lines; Extruders; Cooling Units; Cutting Machines; Textile Cord Cutting Lines; Other Machinery Types2) By Tire Type: Radial Tire; Bias Tire
3) By Industry Vertical: Automotive; Agriculture; Aircraft; Other Verticals
Subsegments:
1) By Mixing Machine or Rubber Mixers: Internal Mixers; External Mixers2) By Calendaring Machine: Hot Calendaring Machines; Cold Calendaring Machines
3) By Extrusion Machine: Single Screw Extruders; Twin Screw Extruders
4) By Multi Extrusion Lines: Multi-Layer Extrusion Lines; Co-Extrusion Lines
5) By Inner Liner Lines: Inner Liner Extrusion Machines; Liner Curing Machines
6) By Extruders: Thermoplastic Extruders; Rubber Extruders
7) By Cooling Units: Water-Cooled Units; Air-Cooled Units
8) By Cutting Machines: Automatic Cutting Machines; Manual Cutting Machines
9) By Textile Cord Cutting Lines: Automated Cord Cutting Lines; Manual Cord Cutting Systems
10) By Other Machinery Types: Curing Presses; Bead Winding Machines; Inspection Machines
Key Companies Mentioned: Guilin Zhonghao Mechanical & Electrical Equipment Co Ltd.; All Well Industry Co Ltd.; Larsen & Toubro Limited; Kobe Steel Ltd. (Kobelco); Harburg-Freudenberger Maschinenbau GmbH
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Guilin Zhonghao Mechanical & Electrical Equipment Co Ltd.
- All Well Industry Co Ltd.
- Larsen & Toubro Limited
- Kobe Steel Ltd. (Kobelco)
- Harburg-Freudenberger Maschinenbau GmbH
- MESNAC Co Ltd.
- Davis Standard LLC
- Erhardt+Leimer GmbH
- Troester GmbH & Co KG
- VMI Holland BV.
- NFM Welding Engineers Inc.
- KONŠTRUKTA-TireTech a.s.
- Bartell Machinery Systems LLC
- Farrel Corporation
- Shun Cheong Machinery Co Ltd.
- Pelmar Group
- Nakata Engineering Co Ltd.
- HERBERT Maschinenbau GmbH & Co KG
- Jing Day Machinery Industrial Co Ltd.
- AS Tyre Machines
- HF Tire Tech Group
- Qingdao Guangyue Rubber Machinery Manufacturing Co Ltd.
- Slach Hydratecs Equipment Pvt Ltd.
- Yiyang Rubber & Plastics Machinery Group Co Ltd.
- Zhangjiagang Carenovo Technology Co Ltd.
- Nanjing Mixer Industrial Co Ltd.
- Goldhawk Forming Machinery Co Ltd.
- Santosh Rubber Machinery Pvt Ltd.
- Wuxi Double Elephant Rubber & Plastics Machinery Co Ltd.
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | March 2025 |
Forecast Period | 2025 - 2029 |
Estimated Market Value ( USD | $ 2.68 Billion |
Forecasted Market Value ( USD | $ 3.29 Billion |
Compound Annual Growth Rate | 5.3% |
Regions Covered | Global |
No. of Companies Mentioned | 29 |