Tire Building Machinery Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The tire building machinery market size is expected to reach nearly US$829 million by 2028, growing at a CAGR of 2% during the forecast period. Tire machinery refers to the tire construction equipment used to assemble all the components such as sidewall, bead, body layer, tread and inner lining to build a green tire. The tire manufacturing process is carried out in two stages. The first stage includes the construction of the envelope such as the side wall, the folds of the body, the inner lining and the top. The second stage includes the coating of wires and belts that are applied to the top of the case. High pressure and temperature are applied during the tire curing process to form different dimensions of green tires. The manufacturing process is programmed by computer to perform all the different operations simultaneously. Tire construction machines are classified into biased tire and radial tire on the basis of tire structure.

 

Company Profile

• Harburg-Freudenberger Maschinenbau GmbH
• Larsen & Toubro Limited
• Mitsubishi Heavy Industries Ltd.
• TKH Group NV
• Shenyang Blue Silver Industry Automatic Equipment Co Ltd.

 

Market Segmentation

By structure

• Bias Tire
• Radial Tire

By application

• Passenger vehicles
• Commercial vehicles

 

Scope of the Report

The research study analyzes the Tire Building Machinery Market industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

 

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

 

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

 

Key Questions Answered by Tire Building Machinery Market Report

 

1. What was the Tire Building Machinery Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Tire Building Machinery Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Tire Building Machinery Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.