Global Tire Curing Press Market Insights from Latest Research Report on Business Opportunities by 2024-2032

Tire Curing Press Market Size And Forecast

Tire Curing Press Market size was valued at USD 1.32 Billion in 2024 and is projected to reach USD 1.83 Billion by 2031, growing at a CAGR of 4.2% during the forecast period 2024-2031.

The collaborative integration of numerous functions and easy-to-service structure will drive the demand for tire curing presses shortly. The continuous ongoing up-gradation in tire curing press recommends a technological edge with competitive advantages to the manufacturers, thus attributing to the substantial growth of the global Tire Curing Press Market. The Global Tire Curing Press Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global Tire Curing Press Market Definition

A tire curing press is a machine used for shaping the molded tires by applying pressure. The tire curing press has become a vital and prominent part of various industries such as automotive and aviation. Curing is the procedure of exerting pressure on the green tire and the procedure comprises applying heat energy to accelerate a chemical reaction between the rubber compounds and other materials. The temperature used in the procedure is approximately 350 degrees Fahrenheit and the pressure revolves around 350 PSI. The two broadly used curing press types are hydraulic and mechanical. The hydraulic press uses hydraulic oil as the prime mover for machine motion whereas the mechanical press holds the mold closed through toggle linkages.

The tire curing press exhibits numerous advantages such as ease of maintenance, increased productivity of tires, maximizing machine efficiency, quick bladder change, and increased bladder life. The selection of a tire curing press mostly depends upon the green tire stand type, the control system type, the heating process, and applications such as floor erection, or foundation pit erection. Tire curing presses have a long column design with a locking and squeeze system as per required specifications that provide both independent and common controlled presses.

Global Tire Curing Press Market Overview

The increasing demand for durable tires is associated with the growing automotive manufacturing in the Asia Pacific region, majorly in countries such as China, Japan, and India, to fuel the global Tire Curing Press Market. Further, a tire curing press is used to manufacture, mold, and design tires for various vehicles such as passenger cars, light commercial vehicles, and heavy commercial vehicles. The collaborative integration of numerous functions and easy-to-service structure will drive the demand for tire curing presses shortly. The continuous ongoing up-gradation in tire curing press recommends a technological edge with competitive advantages to the manufacturers, thus attributing to the substantial growth of the global Tire Curing Press Market.

Furthermore, an increased number of tire types and sizes responding to tire curing presses is estimated to drive the global Tire Curing Press Market. There are certain challenges faced that will hinder the overall market growth. Factors such as the vacuum of skilled workforce and the absence of standards and protocols are inhibiting the market growth. Also, the high initial investments needed for setting up a plant are the potential restraints hampering the overall growth of the global Tire Curing Press Market. Nevertheless, the advancements in technologies, growing automotive production, the growing tire recycling process, and increasing per capita disposable income offer favorable growth opportunities.

Global Tire Curing Press Market: Segmentation Analysis

The Global Tire Curing Press Market is Segmented on the basis of Product, Application, And Geography.

Tire Curing Press Market, By Product

• Mechanical Curing Press Machine
• Hydraulic Curing Press Machine
• Hybrid Curing Press Machine

Based on Product, the market is bifurcated into Mechanical Curing Press Machine, Hydraulic Curing Press Machine, And Hybrid Curing Press Machine. The hydraulic tire curing press holds the largest market share during the forecast period. The factors that can be attributed to offering smoother operation and generating less noise during the curing process in comparison to the mechanical tire curing press. Furthermore, the hydraulic curing press requires minimal maintenance, is very easy to operate, and occupies less floor space. This is accelerating the demand for the hydraulic tire curing press segment.

Tire Curing Press Market, By Application

• Ordinary Tire
• Radical Tire

Based on Application, the market is bifurcated into Ordinary Tire And Radical Tire. The radical segment holds the largest market share and is estimated to witness the highest CAGR during the forecast period.

Tire Curing Press Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global Tire Curing Press Market is classified into North America, Europe, Asia Pacific, and the Rest of the world. Europe holds the largest market share. The increasingly stringent government regulations to reduce greenhouse emissions from vehicles are also projected to enhance the production of green tires in the region. However, the Tire Curing Press Market in the Asia Pacific is estimated to witness huge growth over the forecast period due to rising investments in order to increase the production of green tires.

Key Players

The “Global Tire Curing Press Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Larsen and Toubro, Mitsubishi, HF GROUP, McNeil and NRM, Greatoo Intelligent, Alfred Herbert (India), Specific Engineering Corporation, Guilin Rubber Machinery, Rogers Industrial Products, Cima Impianti, and Ling Long Tire.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Report Scope

Research Methodology of Market Research:

To know more about the Research Methodology and other aspects of the research study, kindly get in touch with our .

Reasons to Purchase this Report

• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

Customization of the Report

• In case of any please connect with our sales team, who will ensure that your requirements are met.