| Product Code: ETC13382233 | Publication Date: Apr 2025 | Updated Date: Jul 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 190 | No. of Figures: 80 | No. of Tables: 40 |
According to 6Wresearch internal database and industry insights, the Global Tire Machinery Market was valued at USD 3.16 Billion in 2024 and is expected to reach USD 4.21 Billion by 2031, growing at a compound annual growth rate of 5.30% during the forecast period (2025-2031).
The Global Tire Machinery Market is experiencing steady growth driven by the expanding automotive industry, technological advancements in tire manufacturing, and increasing demand for high-performance tires. Key factors influencing market growth include the rising production of vehicles globally, stringent regulations regarding tire quality and safety, and the shift towards automation in tire manufacturing processes. The market is characterized by the presence of major players such as Bosch Rexroth AG, Siemens AG, and Mitsubishi Electric Corporation, who are continuously investing in research and development activities to introduce innovative machinery solutions. Additionally, the Asia Pacific region is expected to witness significant growth in the tire machinery market due to the rapid industrialization, increasing vehicle production, and the presence of key tire manufacturing hubs in countries like China and India.
The Global Tire Machinery Market is witnessing trends such as the increasing demand for automation and smart technologies in tire manufacturing processes to improve efficiency and reduce operational costs. There is a growing focus on sustainable practices, leading to the adoption of eco-friendly materials and energy-efficient machinery. The market is also experiencing a rise in demand for tire machinery with advanced features such as predictive maintenance capabilities and real-time monitoring systems to minimize downtime. Opportunities lie in the development of innovative tire manufacturing technologies to meet the evolving needs of the automotive industry, including the production of electric and autonomous vehicles. Additionally, expanding market penetration in emerging economies and the development of digital solutions for tire production processes present promising growth prospects for tire machinery manufacturers.
The Global Tire Machinery Market faces several challenges, including increasing competition among key players, rising raw material costs, stringent regulations related to environmental sustainability and safety, and the need for continuous innovation to meet evolving consumer demands. Additionally, the market is influenced by factors such as fluctuating rubber prices, technological advancements leading to automation and digitization, and the impact of geopolitical events on supply chains and trade patterns. Manufacturers in the tire machinery sector must navigate these challenges by investing in research and development, enhancing operational efficiency, and adapting to changing market dynamics to stay competitive and sustain growth in the global market.
The Global Tire Machinery Market is primarily driven by the growing automotive industry worldwide, leading to an increased demand for tires. Manufacturers are investing in advanced tire machinery to improve production efficiency, lower costs, and enhance product quality. Additionally, stringent regulations related to fuel efficiency and safety standards are prompting tire makers to upgrade their machinery to meet these requirements. Technological advancements such as automation, IoT integration, and artificial intelligence are further driving the market as companies seek to streamline operations and stay competitive. The trend towards sustainable practices and the rising popularity of electric vehicles are also influencing the market, with tire machinery manufacturers developing eco-friendly solutions to cater to this demand.
Government policies related to the Global Tire Machinery Market vary by country, but generally focus on promoting sustainability, safety, and innovation within the industry. Regulations such as emission standards, waste disposal guidelines, and worker safety requirements impact manufacturers of tire machinery. Additionally, some governments offer incentives or subsidies for companies investing in research and development of environmentally friendly technologies. Trade policies and tariffs also play a role in shaping the market dynamics for tire machinery globally, influencing the cost of production and import/export activities. Overall, government policies in different regions aim to ensure that the tire machinery sector operates efficiently, responsibly, and in alignment with national goals for economic growth and environmental protection.
The Global Tire Machinery Market is poised for steady growth in the coming years, driven by increasing demand for tires across various industries, including automotive, transportation, and construction. Technological advancements in tire manufacturing machinery, such as automation and digitization, are expected to improve efficiency and production capacity. Additionally, the growing trend towards sustainable practices in tire manufacturing, leading to the development of eco-friendly machinery, is likely to further fuel market growth. The Asia-Pacific region is anticipated to dominate the market due to the presence of key tire manufacturing countries like China and India. Overall, the Global Tire Machinery Market is forecasted to witness continued expansion, supported by innovation and evolving industry requirements.
In the global tire machinery market, Asia is expected to dominate in terms of market share due to the presence of key market players and the increasing demand for automotive tires in countries like China and India. North America is also a significant market for tire machinery, driven by the presence of well-established automotive industry and technological advancements. Europe is another key region, with a strong focus on sustainable manufacturing processes and stringent regulations driving the adoption of advanced tire machinery. The Middle East and Africa region is witnessing steady growth in the tire machinery market, supported by infrastructure development and increasing investments in the automotive sector. Latin America is also showing promising growth opportunities, fueled by the expansion of the automotive industry and rising demand for high-quality tires in the region.
Global Tire Machinery Market |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Global Tire Machinery Market Overview |
3.1 Global Regional Macro Economic Indicators |
3.2 Global Tire Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 Global Tire Machinery Market - Industry Life Cycle |
3.4 Global Tire Machinery Market - Porter's Five Forces |
3.5 Global Tire Machinery Market Revenues & Volume Share, By Regions, 2021 & 2031F |
3.6 Global Tire Machinery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Global Tire Machinery Market Revenues & Volume Share, By Tire Type, 2021 & 2031F |
3.8 Global Tire Machinery Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Global Tire Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Global Tire Machinery Market Trends |
6 Global Tire Machinery Market, 2021 - 2031 |
6.1 Global Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
6.1.1 Overview & Analysis |
6.1.2 Global Tire Machinery Market, Revenues & Volume, By Mixing Machine/ Rubber Mixers, 2021 - 2031 |
6.1.3 Global Tire Machinery Market, Revenues & Volume, By Calendaring Machine, 2021 - 2031 |
6.1.4 Global Tire Machinery Market, Revenues & Volume, By Extrusion Machines, 2021 - 2031 |
6.1.5 Global Tire Machinery Market, Revenues & Volume, By Multi Extrusion Lines, 2021 - 2031 |
6.1.6 Global Tire Machinery Market, Revenues & Volume, By Inner Liner Lines, 2021 - 2031 |
6.1.7 Global Tire Machinery Market, Revenues & Volume, By Extruders, 2021 - 2031 |
6.1.8 Global Tire Machinery Market, Revenues & Volume, By Cooling Units, 2021 - 2031 |
6.1.9 Global Tire Machinery Market, Revenues & Volume, By Cutting Machines, 2021 - 2031 |
6.2 Global Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
6.2.1 Overview & Analysis |
6.2.2 Global Tire Machinery Market, Revenues & Volume, By Radial Tire, 2021 - 2031 |
6.2.3 Global Tire Machinery Market, Revenues & Volume, By Bias Tire, 2021 - 2031 |
6.3 Global Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
6.3.1 Overview & Analysis |
6.3.2 Global Tire Machinery Market, Revenues & Volume, By Two-wheeler tires, 2021 - 2031 |
6.3.3 Global Tire Machinery Market, Revenues & Volume, By Passenger Vehicle Tires, 2021 - 2031 |
6.3.4 Global Tire Machinery Market, Revenues & Volume, By Hatchback, 2021 - 2031 |
6.3.5 Global Tire Machinery Market, Revenues & Volume, By Sedan, 2021 - 2031 |
6.3.6 Global Tire Machinery Market, Revenues & Volume, By Utility Vehicles, 2021 - 2031 |
6.3.7 Global Tire Machinery Market, Revenues & Volume, By Light Commercial Vehicle Tires, 2021 - 2031 |
6.3.8 Global Tire Machinery Market, Revenues & Volume, By Medium & Heavy Commercial Vehicle Tires, 2021 - 2031 |
6.3.9 Global Tire Machinery Market, Revenues & Volume, By Off-road Vehicle Tires, 2021 - 2031 |
7 North America Tire Machinery Market, Overview & Analysis |
7.1 North America Tire Machinery Market Revenues & Volume, 2021 - 2031 |
7.2 North America Tire Machinery Market, Revenues & Volume, By Countries, 2021 - 2031 |
7.2.1 United States (US) Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
7.2.2 Canada Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
7.2.3 Rest of North America Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
7.3 North America Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
7.4 North America Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
7.5 North America Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Latin America (LATAM) Tire Machinery Market, Overview & Analysis |
8.1 Latin America (LATAM) Tire Machinery Market Revenues & Volume, 2021 - 2031 |
8.2 Latin America (LATAM) Tire Machinery Market, Revenues & Volume, By Countries, 2021 - 2031 |
8.2.1 Brazil Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
8.2.2 Mexico Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
8.2.3 Argentina Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
8.2.4 Rest of LATAM Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
8.3 Latin America (LATAM) Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
8.4 Latin America (LATAM) Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
8.5 Latin America (LATAM) Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
9 Asia Tire Machinery Market, Overview & Analysis |
9.1 Asia Tire Machinery Market Revenues & Volume, 2021 - 2031 |
9.2 Asia Tire Machinery Market, Revenues & Volume, By Countries, 2021 - 2031 |
9.2.1 India Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
9.2.2 China Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
9.2.3 Japan Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
9.2.4 Rest of Asia Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
9.3 Asia Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
9.4 Asia Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
9.5 Asia Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
10 Africa Tire Machinery Market, Overview & Analysis |
10.1 Africa Tire Machinery Market Revenues & Volume, 2021 - 2031 |
10.2 Africa Tire Machinery Market, Revenues & Volume, By Countries, 2021 - 2031 |
10.2.1 South Africa Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
10.2.2 Egypt Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
10.2.3 Nigeria Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
10.2.4 Rest of Africa Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
10.3 Africa Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
10.4 Africa Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
10.5 Africa Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
11 Europe Tire Machinery Market, Overview & Analysis |
11.1 Europe Tire Machinery Market Revenues & Volume, 2021 - 2031 |
11.2 Europe Tire Machinery Market, Revenues & Volume, By Countries, 2021 - 2031 |
11.2.1 United Kingdom Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
11.2.2 Germany Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
11.2.3 France Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
11.2.4 Rest of Europe Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
11.3 Europe Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
11.4 Europe Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
11.5 Europe Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
12 Middle East Tire Machinery Market, Overview & Analysis |
12.1 Middle East Tire Machinery Market Revenues & Volume, 2021 - 2031 |
12.2 Middle East Tire Machinery Market, Revenues & Volume, By Countries, 2021 - 2031 |
12.2.1 Saudi Arabia Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
12.2.2 UAE Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
12.2.3 Turkey Tire Machinery Market, Revenues & Volume, 2021 - 2031 |
12.3 Middle East Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
12.4 Middle East Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
12.5 Middle East Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
13 Global Tire Machinery Market Key Performance Indicators |
14 Global Tire Machinery Market - Export/Import By Countries Assessment |
15 Global Tire Machinery Market - Opportunity Assessment |
15.1 Global Tire Machinery Market Opportunity Assessment, By Countries, 2021 & 2031F |
15.2 Global Tire Machinery Market Opportunity Assessment, By Type, 2021 & 2031F |
15.3 Global Tire Machinery Market Opportunity Assessment, By Tire Type, 2021 & 2031F |
15.4 Global Tire Machinery Market Opportunity Assessment, By Application, 2021 & 2031F |
16 Global Tire Machinery Market - Competitive Landscape |
16.1 Global Tire Machinery Market Revenue Share, By Companies, 2024 |
16.2 Global Tire Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Top 10 Company Profiles |
18 Recommendations |
19 Disclaimer |