Manufacturing & Construction / Tire Mold Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Saehwa IMC, HERBERT Maschinen, MK Technology, King Machine
Tire Mold Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Saehwa IMC, HERBERT Maschinen, MK Technology, King Machine
Global Tire Mold market is set to expand with a CAGR of 3.7% throughout the forecast period to reach US$ 2018.8 Million by 2027.
Tire Mold Market Overview
The process of tire molding includes shaping rubber into a functional tire with specified properties and dimensions. In this process, a certain pressure is applied to the green tire in a mold to give it a final shape and heat energy to stimulate the chemical reaction between the rubber and other materials. As a tire is an integral part of a vehicle, it needs to be flexible and strong in the casting of rubber in order to provide a solid grip when attached to the rim of the wheel.
Based on the Tire Mold market development status, competitive landscape, and development model in different regions of the world, this report is dedicated to providing niche markets, potential risks, and comprehensive competitive strategy analysis in different fields of Manufacturing & Construction. The competitive advantages of different types of products and services, the development opportunities and consumption characteristics, and structure analysis of the downstream application fields are all analyzed in detail. To Boost the Growth of Tire Mold during the epidemic era, this report analyzes in detail the potential risks and opportunities which can be focused on.
The report aspects discussed the profile of the top manufacturers of the global Tire Mold market. These aspects include the financial status of major companies, trending advancements, and the entire market scenario. Growth of the report has examined Tire Mold Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.
Who are the Major Players in the Tire Mold Market?
The global Tire Mold includes the identification and analysis of the various market participants competing in the global market. Prominent competitors include Saehwa IMC, HERBERT Maschinen, MK Technology, King Machine, Quality, A-Z, Shinko Mold Industrial, SeYoung TMS, Himile, HERBERT, Greatoo, Anhui Wide Way Mould, Wantong, Anhui Mcgill Mould, Tianyang, HongChang, Qingdao Yuantong Machine and others.
Industry News and Updates:
South Korea's largest tire mold maker Saehwa IMC acquires 3D printing company Cube Tech, sees rise in shares
South Korean tire mold manufacturing company Saehwa IMC Co. has recently announced its acquisition of a 3D printing company as it plans to begin integrating the technology into its tire mold manufacturing process to more quickly and efficiently deal with client orders. Just this past Monday, Saehwa IMC Co. bought 60 per cent of Cube Tech Co.’s shares effectively turning the 3D printing company into one of its subsidiaries.
Hankook Tire launches Winter i*cept RS3 for safe winter driving2021
Global leading tire company Hankook Tire launched Winter i*cept RS3 in Korea to expand its premium winter tire portfolio. The company is bringing the new tread pattern to the European market next year and to other markets afterward. Winter i*cept RS3 is a tire designed to deliver safety for everyday use during winter. It gives a driver reliable handling on all conditions of roads including snow, wet and dry roads. In particular, small slots molded into the edge of the main groove increase the tire’s contact surface with the ground and thus give better grip even when cornering on snow-covered curves.
What are the major Applications, Types, and Regions for the Tire Mold Market?
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
Segmented Molds
Two-Piece Molds
By Application, it is segmented into
PCR
TBR
OTR
Others
Tire Mold Market Dynamics
Drivers
The burgeoning demand for tire molds is attributed to increasing global sales of automobiles and tire replacement rates in vehicles. Tires are also considered a necessity for a heavy and oversized object to be portable. The increase in the portability of objects has driven considerable demand for tires and subsequently tire molds. Recent growth in transportation, logistics, and mobility sectors is another major push for the tire mold market.
Restraints
Although China is the largest producer of the tire molds in the world, it is marred by lot of challenges developed in recent times, like trade competitiveness with U.S., the application of countervailing duties on Chinese products in many countries, and the recent outbreak of COVID-19 pandemic, which originated from China and has impacted the production and sales statistics for the global market
Tire Mold Market Regional Analysis
The main global Tire Mold manufactures include Himile, Saehwa IMC, Tianyang, etc. The top three Tire Mold manufactures account for approximately 32% of the total global market. Asia-Pacific is the largest consumer market for Tire Mold, accounting for about 62% market share followed by Europe and North America. In terms of product, Segmented Molds is the largest segment, with a share about 82%. And in terms of application, the largest application is PCR, followed by TBR.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Tire Mold Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Tire Mold Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Tire Mold Market report scope?
Scope of the Report covers Tire Mold Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Tire Mold Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes
Report Details
Report Title
Tire Mold Market - Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Saehwa IMC, HERBERT Maschinen, MK Technology, King Machine
Yes, the report can be customized as per your needs
Key Takeaways from this Tire Mold Report
Evaluate Tire Mold market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at the country level - for product types, end-use applications, and different industries verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.
Get in-depth insights on your competitor’s performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies to your processes.
Get a quick outlook on the Tire Mold market entropy – M&As, deals, partnerships, and product launches of all key players for the past 5 years.
Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.
Frequently Asked Questions
What is the study period of this market?
The Tire Mold Market is studied from 2017 - 2027.
What is the growth rate of the Tire Mold Market?
The Tire Mold Market is growing at a CAGR of 3.7% over the next 5 years.
What regions does this Tire Mold Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Tire Mold Market?
Segmented Molds, Two-Piece Molds
What are the major end-use applications of Tire Mold Market?
PCR, TBR, OTR, Others
All our reports are custom made to your company’s needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
