Tire curing press is a machine used for providing a final shape to molded tires by applying pressure. The tire curing press has become an essential part of various industries, including automotive and aviation. The tire curing press offers several advantages, including the ease of maintenance, increased productivity of tires, maximize machine efficiency, quick bladder change, and increased bladder life.
The increasing demand for cured tires for passenger car, commercial vehicle, aviation vehicles, and off-the-road equipment around the world is driving the growth of the tire curing press market. Furthermore, the technological advancements, increasing tire manufacturing equipment plants worldwide, growing demand for durable tires, and the low maintenance costs of tire curing presses are set to drive the growth of this market.
Market Research Analysis
In terms of region, the global market for the tire curing press is segmented into North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific is estimated to hold the largest share in the tire curing press market during the forecast period due to the growing disposable income in countries such as China and India and the increasing investments to increase the production of green tire. However, North America is expected to register significant growth during the forecast period owing to the presence of several tire curing press manufactures in the US and Canada.
In Europe, the presence of key manufacturers such as ContiTech AG and Harburg-Freudenberger Maschinenbau GmbH is contributing to the growth of the market in this region.
The prominent players operating in the global tire curing press market are Larsen & Toubro Limited (India), Mitsubishi Heavy Industries, Ltd. (Japan), Harburg-Freudenberger Maschinenbau GmbH (Germany), McNeil and NRM Inc. (US), Greatoo Intelligent (China), Alfred Herbert (India) Ltd. (India), ContiTech AG (Germany), Guilin Rubber Machinery Co., Ltd. (China), Rogers Industrial Products, Inc. (US), and CIMA IMPIANTI S.p.a. (Italy).
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Scope of the Report
This study provides an overview of the global tire curing press market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the rest of the world. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global tire curing press market by type, application, and regions.
These prominent players are focusing on various strategies such as product development, mergers and acquisitions, collaborations, and partnerships to strengthen their market position in the highly competitive market.