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Global Tire Building Machinery Market Size study & Forecast, by Type (Radial tire building machinery, Bias tire building machinery, Customized tire building machinery) By Application (Passenger car tire, Light commercial vehicle tire, Heavy commercial vehicle tire) and Regional Analysis, 2023-2030

March 2024 | 200 pages | ID: GA30F07A1E21EN
Bizwit Research & Consulting LLP

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Global Tire Building Machinery Market is valued approximately at USD xx billion in 2022 and is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030. Tire Building Machinery are designed to assemble various components of a tire, including the inner liner, body plies, belts, and tread, into a finished tire structure. These machines typically consist of a series of stations where different components are added and layered onto a tire-building drum or carousel. The process involves the precise placement of each component to ensure the tire meets specific design and performance requirements. The Tire Building Machinery market is expanding because of factors such as rising demand of off-road motorcycles and increasing sales of car. These machines are integral to the tire manufacturing industry, as they contribute to the automation and efficiency of the production process. As a result, the demand of Tire Building Machinery has progressively increased in the international market during the forecast period 2023-2030.

Off-road motorcycles often require specific tire designs to handle different terrains such as mud, gravel, sand, or rocks. Tire Building Machinery can accommodate the production of a variety of tire designs with specific tread patterns, materials, and structures suitable for off-road conditions, catering to the diverse needs of off-road motorcycle enthusiasts. According to Statista, the global Off-road Motorcycles market value accounted USD 7.06 billion in 2020 and is projected to reach up to USD 9.69 billion by the year 2028. Higher demand for off-road motorcycles leads to an increased need for off-road tires. Another important factor driving the Tire Building Machinery market is increasing sales of cars. Higher sales volumes and market competition encourage tire manufacturers to invest in the latest tire-building technologies. Upgrading machinery allows them to improve production efficiency, reduce costs and enhance the overall quality of tires. In addition, as per Statista, number of cars sold globally accounted for 63.8 million units and is projected to reach up to 77 million units by 2024. Moreover, rising integration of radial tires among automobiles and advancements in tire machinery is anticipated to create a lucrative growth opportunity for the market over the forecast period. However, high initial cost of tire building machinery and lack of operational expertise is going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Tire Building Machinery Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 with largest market share owing to the growing demand for automobiles and growing number of passenger and commercial motor vehicles in the region. The growth in the automotive industry often drives technological advancements, and this includes innovations in tire design and manufacturing. Tire Building Machinery is continuously evolving to incorporate new technologies, materials, and processes, enabling tire manufacturers to stay competitive and meet the changing requirements of the market. The region’s dominant performance is anticipated to propel the overall demand of Tire Building Machinery. Furthermore, Asia Pacific is expected to grow as the fastest growing region during the forecast period, owing to factors such as presence of major OEMs, such as Larsen & Toubro Ltd, Mitsubishi Heavy Industries, Ltd in the region.

Major market player included in this report are:

Larsen & Toubro Limited

Samson Machinery Inc

TKH Group N.V.

VMI Holland B.V.

Balluff GmbH

HF Tiretech Suzhou Co., Ltd

RRR Development Company Limited

Harburg-Freudenberger Maschinenbau GmbH

Mitsubishi Heavy Industries, Ltd

Pelmar Engineering Limited

Recent Developments in the Market:
  • In July 2023, TireTech, a German startup, has created an AI-enabled tyre inspection system that employs 3D technology to scan and collect data on individual tyre condition and material composition. The technology attempts to improve tyre recycling and repurposing by identifying whether they may be recycled for automotive use or ground into granulate material.
Global Tire Building Machinery Market Report Scope:
  • Historical Data – 2020 - 2021
  • Base Year for Estimation – 2022
  • Forecast period - 2023-2030
  • Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
  • Segments Covered - Type, Application, Region
  • Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa
  • Customization Scope - Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

Radial tire building machinery

Bias tire building machinery

Customized tire building machinery

By Application

Passenger car tire

Light commercial vehicle tire

Heavy commercial vehicle tire

By Region:

North America

U.S.

Canada

Europe

UK

Germany

France

Spain

Italy

ROE

Asia Pacific

China

India

Japan

Australia

South Korea

RoAPAC

Latin America

Brazil

Mexico

Middle East & Africa

Saudi Arabia

South Africa

Rest of Middle East & Africa
CHAPTER 1. EXECUTIVE SUMMARY

1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
  1.2.1. Tire Building Machinery Market, by region, 2020-2030 (USD Billion)
  1.2.2. Tire Building Machinery Market, by Type, 2020-2030 (USD Billion)
  1.2.3. Tire Building Machinery Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption

CHAPTER 2. GLOBAL TIRE BUILDING MACHINERY MARKET DEFINITION AND SCOPE

2.1. Objective of the Study
2.2. Market Definition & Scope
  2.2.1. Industry Evolution
  2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates

CHAPTER 3. GLOBAL TIRE BUILDING MACHINERY MARKET DYNAMICS

3.1. Tire Building Machinery Market Impact Analysis (2020-2030)
  3.1.1. Market Drivers
    3.1.1.1. Rising demand for off-road motorcycles
    3.1.1.2. Increasing car sales
  3.1.2. Market Challenges
    3.1.2.1. High initial cost of tire building machinery
    3.1.2.2. Lack of operational expertise
  3.1.3. Market Opportunities
    3.1.3.1. Rising integration of radial tires among automobiles
    3.1.3.2. Advancements in tire machinery

CHAPTER 4. GLOBAL TIRE BUILDING MACHINERY MARKET: INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
  4.3.1. Political
  4.3.2. Economic
  4.3.3. Social
  4.3.4. Technological
  4.3.5. Environmental
  4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL TIRE BUILDING MACHINERY MARKET, BY TYPE

5.1. Market Snapshot
5.2. Global Tire Building Machinery Market by Type, Performance - Potential Analysis
5.3. Global Tire Building Machinery Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Tire Building Machinery Market, Sub Segment Analysis
  5.4.1. Radial tire building machinery
  5.4.2. Bias tire building machinery
  5.4.3. Customized tire building machinery

CHAPTER 6. GLOBAL TIRE BUILDING MACHINERY MARKET, BY APPLICATION

6.1. Market Snapshot
6.2. Global Tire Building Machinery Market by Application, Performance - Potential Analysis
6.3. Global Tire Building Machinery Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Tire Building Machinery Market, Sub Segment Analysis
  6.4.1. Passenger car tire
  6.4.2. Light commercial vehicle tire
  6.4.3. Heavy commercial vehicle tire

CHAPTER 7. GLOBAL TIRE BUILDING MACHINERY MARKET, REGIONAL ANALYSIS

7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Tire Building Machinery Market, Regional Market Snapshot
7.4. North America Tire Building Machinery Market
  7.4.1. U.S. Tire Building Machinery Market
    7.4.1.1. Type breakdown estimates & forecasts, 2020-2030
    7.4.1.2. Application breakdown estimates & forecasts, 2020-2030
  7.4.2. Canada Tire Building Machinery Market
7.5. Europe Tire Building Machinery Market Snapshot
  7.5.1. U.K. Tire Building Machinery Market
  7.5.2. Germany Tire Building Machinery Market
  7.5.3. France Tire Building Machinery Market
  7.5.4. Spain Tire Building Machinery Market
  7.5.5. Italy Tire Building Machinery Market
  7.5.6. Rest of Europe Tire Building Machinery Market
7.6. Asia-Pacific Tire Building Machinery Market Snapshot
  7.6.1. China Tire Building Machinery Market
  7.6.2. India Tire Building Machinery Market
  7.6.3. Japan Tire Building Machinery Market
  7.6.4. Australia Tire Building Machinery Market
  7.6.5. South Korea Tire Building Machinery Market
  7.6.6. Rest of Asia Pacific Tire Building Machinery Market
7.7. Latin America Tire Building Machinery Market Snapshot
  7.7.1. Brazil Tire Building Machinery Market
  7.7.2. Mexico Tire Building Machinery Market
7.8. Middle East & Africa Tire Building Machinery Market
  7.8.1. Saudi Arabia Tire Building Machinery Market
  7.8.2. South Africa Tire Building Machinery Market
  7.8.3. Rest of Middle East & Africa Tire Building Machinery Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Company
  8.1.2. Company
  8.1.3. Company
8.2. Top Market Strategies
8.3. Company Profiles
  8.3.1. Larsen & Toubro Limited
    8.3.1.1. Key Information
    8.3.1.2. Overview
    8.3.1.3. Financial (Subject to Data Availability)
    8.3.1.4. Product Summary
    8.3.1.5. Recent Developments
  8.3.2. Samson Machinery Inc
  8.3.3. TKH Group N.V.
  8.3.4. VMI Holland B.V.
  8.3.5. Balluff GmbH
  8.3.6. HF Tiretech Suzhou Co., Ltd
  8.3.7. RRR Development Company Limited
  8.3.8. Harburg-Freudenberger Maschinenbau GmbH
  8.3.9. Mitsubishi Heavy Industries, Ltd
  8.3.10. Pelmar Engineering Limited

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

LIST OF TABLES

TABLE 1. Global Tire Building Machinery Market, report scope
TABLE 2. Global Tire Building Machinery Market estimates & forecasts by Region 2020-2030 (USD Billion)
TABLE 3. Global Tire Building Machinery Market estimates & forecasts by Type 2020-2030 (USD Billion)
TABLE 4. Global Tire Building Machinery Market estimates & forecasts by Application 2020-2030 (USD Billion)
TABLE 5. Global Tire Building Machinery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 6. Global Tire Building Machinery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 7. Global Tire Building Machinery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 8. Global Tire Building Machinery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 9. Global Tire Building Machinery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 10. Global Tire Building Machinery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 11. Global Tire Building Machinery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 12. Global Tire Building Machinery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 13. Global Tire Building Machinery Market by segment, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 14. Global Tire Building Machinery Market by region, estimates & forecasts, 2020-2030 (USD Billion)
TABLE 15. U.S. Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 16. U.S. Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 17. U.S. Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 18. Canada Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 19. Canada Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 20. Canada Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 21. UK Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 22. UK Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 23. UK Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 24. Germany Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 25. Germany Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 26. Germany Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 27. France Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 28. France Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 29. France Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 30. Italy Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 31. Italy Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 32. Italy Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 33. Spain Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 34. Spain Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 35. Spain Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 36. RoE Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 37. RoE Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 38. RoE Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 39. China Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 40. China Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 41. China Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 42. India Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 43. India Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 44. India Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 45. Japan Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 46. Japan Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 47. Japan Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 48. South Korea Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 49. South Korea Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 50. South Korea Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 51. Australia Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 52. Australia Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 53. Australia Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 54. RoAPAC Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 55. RoAPAC Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 56. RoAPAC Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 57. Brazil Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 58. Brazil Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 59. Brazil Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 60. Mexico Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 61. Mexico Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 62. Mexico Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 63. RoLA Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 64. RoLA Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 65. RoLA Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 66. Saudi Arabia Tire Building Machinery Market estimates & forecasts, 2020-2030 (USD Billion)
TABLE 67. South Africa Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 68. RoMEA Tire Building Machinery Market estimates & forecasts by segment 2020-2030 (USD Billion)
TABLE 69. List of secondary sources, used in the study of global Tire Building Machinery Market
TABLE 70. List of primary sources, used in the study of global Tire Building Machinery Market
TABLE 71. Years considered for the study
TABLE 72. Exchange rates considered
List of tables and figures and dummy in nature, final lists may vary in the final deliverable

LIST OF FIGURES

FIG 1. Global Tire Building Machinery Market, research methodology
FIG 2. Global Tire Building Machinery Market, Market estimation techniques
FIG 3. Global Market size estimates & forecast methods
FIG 4. Global Tire Building Machinery Market, key trends 2022
FIG 5. Global Tire Building Machinery Market, growth prospects 2023-2030
FIG 6. Global Tire Building Machinery Market, porters 5 force model
FIG 7. Global Tire Building Machinery Market, pest analysis
FIG 8. Global Tire Building Machinery Market, value chain analysis
FIG 9. Global Tire Building Machinery Market by segment, 2020 & 2030 (USD Billion)
FIG 10. Global Tire Building Machinery Market by segment, 2020 & 2030 (USD Billion)
FIG 11. Global Tire Building Machinery Market by segment, 2020 & 2030 (USD Billion)
FIG 12. Global Tire Building Machinery Market by segment, 2020 & 2030 (USD Billion)
FIG 13. Global Tire Building Machinery Market by segment, 2020 & 2030 (USD Billion)
FIG 14. Global Tire Building Machinery Market, regional snapshot 2020 & 2030
FIG 15. North America Tire Building Machinery Market 2020 & 2030 (USD Billion)
FIG 16. Europe Tire Building Machinery Market 2020 & 2030 (USD Billion)
FIG 17. Asia pacific Tire Building Machinery Market 2020 & 2030 (USD Billion)
FIG 18. Latin America Tire Building Machinery Market 2020 & 2030 (USD Billion)
FIG 19. Middle East & Africa Tire Building Machinery Market 2020 & 2030 (USD Billion)
List of tables and figures and dummy in nature, final lists may vary in the final deliverable


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