Market Research Future (MRFR) has published a cooked research report on the “tire curing press market” that contains information from 2023 to 2032. The tire curing press market is estimated to register a CAGR of 4.3%. during the forecast period of 2023 to 2032 and projected to grow at USD 1.87 billion by 2032.
MRFR recognizes the following companies as the key players in the Market- Larsen & Toubro Limited, McNeil & NRM, Inc., Mitsubishi Heavy Industries Machinery Systems, Ltd., Harburg-Freudenberger Maschinenbau GmbH, HERBERT Maschinenbau GmbH & Co. KG, Specific Engineering Corporation, Rogers Industrial Products Inc., Greatoo Intelligent, Guilin Rubber Machinery Co., Ltd.
Global Tire Curing Press Market Overview
According to projections, the industry is expected to continue its upward trajectory, with the market value estimated to reach USD 1.28 billion in 2023 and reaching a value of USD 1.87 billion. the tire curing press market is predicted to exhibit a compound annual growth rate (CAGR) of 4.3% By the end of 2032.
The Tire Curing Machines Market plays a crucial role in the tire manufacturing industry, providing the essential machinery required for curing and shaping tires. Curing presses are vital in ensuring tire quality, durability, and performance. This overview aims to provide insights into the current state of the global tire curing press market, highlighting key trends, drivers, challenges, and opportunities.
The tire curing press market has witnessed steady growth in recent years, driven primarily by the expanding automotive industry and increasing demand for high-quality tires worldwide. Advancements in tire technology and the introduction of innovative tire compounds have further fueled the demand for sophisticated curing press equipment.
A tire is made using a variety of production techniques, such as mixing raw materials and moulding rubber sheeting. A tire curing press method is used for applying strong pressure and heat to mould the tire's outer surface to create logos, grooves, and other designs before the rubber of the tire is finally cured by a chemical reaction. Tire curing presses feature a long column strategy with a locking & squeeze system that offers both independent and communally controlled presses, in accordance with specifications.
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Tire Curing Press Market Segmentation
The tire curing press market offers a variety of types tailored to meet the needs of tire manufacturing processes.
These types include mechanical, hydraulic, and hybrid presses, each offering distinct advantages in terms of performance and efficiency.
Mold options also play a significant role, with two-piece molds and segmental molds being prominent choices for tire curing applications, offering flexibility and precision in tire production.
Application outlooks cover a range of tire types, including passenger car tires (PCR), truck and bus tires (TBR), as well as specialty tires for three-wheelers and two-wheelers, catering to diverse demands in the automotive industry.
Regionally, the market is segmented into North America, Europe, Asia Pacific, and South Arabia, with each region contributing to the global tire curing press market with unique market dynamics and requirements.
Key Market Drivers:
· Growing Automotive Industry: The expansion of the automotive sector, driven by increasing vehicle production and sales, has led to a rise in tire demand, boosting the need for tire curing presses.
· Technological Advancements: Tire curing press manufacturers are continuously investing in research and development to improve curing processes, enhance efficiency, and reduce cycle times.
· Sustainable Tire Manufacturing: Environmental concerns and regulatory pressures have prompted tire manufacturers to adopt energy-efficient and eco-friendly tire curing press technologies.
· Tire Replacement Market: The ongoing demand for tire replacements and the tire aftermarket support the growth of the tire curing press market.
· Global Tire Production Capacity Expansion: As tire manufacturing capacity increases in various regions, there is a corresponding need for more tire curing presses to meet production requirements.
Key Players
Tire Curing Press Market Key Companies in the include
· Larsen & Toubro Limited
· McNeil & NRM, Inc.
· Mitsubishi Heavy Industries Machinery Systems, Ltd.
· Harburg-Freudenberger Maschinenbau GmbH
· HERBERT Maschinenbau GmbH & Co. KG
· Specific Engineering Corporation
· Rogers Industrial Products Inc.
· Greatoo Intelligent
· Guilin Rubber Machinery Co., Ltd.
· Uzer Makina
Tire Curing Press Market Industry Developments
Greatoo Intelligent's New Tire Curing Press Technology (June 2023):
In June 2023, Greatoo Intelligent, a prominent player in the tire curing press market, announced the launch of their latest tire curing press technology. This new technology boasts improved energy efficiency and a more environmentally friendly approach compared to traditional curing presses. By incorporating innovative features and advanced engineering, Greatoo aims to address the industry's growing demand for sustainable and eco-friendly tire production processes. The introduction of this technology is expected to enhance tire manufacturing capabilities, reduce energy consumption, and minimize environmental impact, aligning with the industry's focus on sustainability.
Guilin Rubber Machinery Co., Ltd.'s New Line of Rubber Machinery (May 2023):
In May 2023, Guilin Rubber Machinery Co., Ltd., a leading rubber machinery manufacturer, introduced a comprehensive range of new rubber machinery. The new line includes various machines designed for vulcanizing, calendering, mixing, and extruding rubber. By expanding their product portfolio, Guilin aims to provide tire manufacturers with a complete set of tools to optimize their tire production processes. These advanced machines are expected to offer improved efficiency, precision, and productivity, contributing to the overall growth and innovation within the tire curing press industry.
HF Tire Tech Group's Revolutionary Tire Curing Press 'HF Curemaster TBR' (April 2019):
In April 2019, HF Tire Tech Group unveiled a groundbreaking product in the tire curing press market - the 'HF Curemaster TBR.' Specifically designed for manufacturing truck tires, this curing press stands out for its flexible and compact footprint. By occupying less space, the HF Curemaster TBR allows tire manufacturers to optimize their production facilities, potentially replacing older, smaller presses or accommodating more presses per existing trench. This development not only enhances efficiency and capacity but also highlights the industry's continuous efforts to improve tire production technology and adapt to the evolving needs of the commercial and heavy-duty vehicle sectors.
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