Tire Building Machinery Market Size to Grow by USD 111.55 million, Increasing Demand for Replaced Tires Globally to Drive Growth - Technavio

NEW YORK, Aug. 30, 2022 /PRNewswire/ -- The global tire building machinery market is driven by factors such as the increasing demand for replaced tires globally. Tires are some of the most replaced components of vehicles due to constant exposure to wear and tear. Various factors such as harsh road conditions, demand for seasonal tires, and changing consumer behavior compel consumers to change tires. Thus, the demand for replacement tires is increasing in the market. In addition, several commercial tires are expected to reach the end of their product life cycles during the forecast period, especially in developed countries. Moreover, commercial vehicles with more than five years of service require the replacement of parts or the entire vehicle. The increasing replacement demand for tires is creating a demand for new tires, which is encouraging tire manufacturers to increase the production of tires.

The tire building machinery market size is expected to grow by USD 111.55 million from 2021 to 2026. Moreover, the growth momentum of the market will accelerate at a CAGR of 3.34% during the forecast period.

Use the analysis and competitive benchmarking insights by Technavio for effective decision making. Download a FREE PDF Sample Report

The tire building machinery market is fragmented and is characterized by the presence of well-diversified international, regional, and local vendors. The vendors are deploying growth strategies such as technological innovations to compete in the market. Several local and regional vendors, especially in Asia, are offering tire building machinery at competitive prices when compared to established players. Hence, the market is competitive for new entrants. Though many local vendors are emerging in this market, they find it difficult to compete with international vendors in terms of quality, durability, reliability, and technological innovations.

• Balluff GmbH
• BST GmbH
• Emerald Resilient Tyre Manufacturers Pvt. Ltd.
• Erdemtas Makine Elekt.San.Tic. Ltd.
• Harburg Freudenberger Maschinenbau GmbH
• Herbert Tire Tooling GmbH and Co. KG
• INTEREUROPEAN Srl
• Larsen and Toubro Ltd.
• MARANGONI Group
• Mesnac Co. Ltd.
• Mitsubishi Heavy Industries Ltd.
• Pelmar Engineering Ltd.
• RRR Development Co. Inc.
• SAMSON MACHINERY INC.
• SHYR CHIUANN MACHINERY INDUSTRY CO. LTD.
• Siemens AG
• Sumitomo Rubber Industries Ltd.
• TA KU MACHINERY CO. LTD.
• TKH Group NV
• YANTAI FRIEND MACHINERY CO. LTD.

Get lifetime access to our Technavio Insights! Subscribe to our "Basic Plan" billed annually at USD 5000

• Passenger cars - size and forecast 2021-2026
• Commercial vehicle - size and forecast 2021-2026

• APAC - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• North America - size and forecast 2021-2026
• South America - size and forecast 2021-2026
• Middle East and Africa - size and forecast 2021-2026

Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report

The passenger vehicles segment will be the largest contributor to market growth during the forecast period. Factors such as improving the economy, evolving lifestyles, and increasing incomes have led to a rise in the demand for new, safe, fuel-efficient, and technologically advanced cars. These factors are fueling the demand for passenger vehicles, which will drive the market growth during the forecast period.

Automotive Die-Stamping Equipment Market by End-user and Geography - Forecast and Analysis 2022-2026

Automation Market in Automotive Industry by Technology and Geography - Forecast and Analysis 2022-2026

Browse Industrials Market Reports

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between 2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Application

• 5.1 Market segments
• Exhibit 24: Chart on Application - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Application - Market share 2021-2026 (%)

• 5.2 Comparison by Application
• Exhibit 26: Chart on Comparison by Application
• Exhibit 27: Data Table on Comparison by Application

• 5.3 Passenger cars - Market size and forecast 2021-2026
• Exhibit 28: Chart on Passenger cars - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Passenger cars - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Passenger cars - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Passenger cars - Year-over-year growth 2021-2026 (%)

• 5.4 Commercial vehicle - Market size and forecast 2021-2026
• Exhibit 32: Chart on Commercial vehicle - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Commercial vehicle - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Commercial vehicle - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Commercial vehicle - Year-over-year growth 2021-2026 (%)

• 5.5 Market opportunity by Application
• Exhibit 36: Market opportunity by Application ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 38: Chart on Market share by geography 2021-2026 (%)
• Exhibit 39: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 40: Chart on Geographic comparison
• Exhibit 41: Data Table on Geographic comparison

• 7.3 APAC - Market size and forecast 2021-2026
• Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.4 Europe - Market size and forecast 2021-2026
• Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.5 North America - Market size and forecast 2021-2026
• Exhibit 50: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 China - Market size and forecast 2021-2026
• Exhibit 62: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.9 Germany - Market size and forecast 2021-2026
• Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.10 Japan - Market size and forecast 2021-2026
• Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.11 US - Market size and forecast 2021-2026
• Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.12 India - Market size and forecast 2021-2026
• Exhibit 78: Chart on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on India - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 82: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 83: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 84: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 85: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 86: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 87: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 88: Matrix on vendor position and classification

• 10.3 BST GmbH
• Exhibit 89: BST GmbH - Overview
• Exhibit 90: BST GmbH - Product / Service
• Exhibit 91: BST GmbH - Key offerings

• 10.4 Harburg Freudenberger Maschinenbau GmbH
• Exhibit 92: Harburg Freudenberger Maschinenbau GmbH - Overview
• Exhibit 93: Harburg Freudenberger Maschinenbau GmbH - Product / Service
• Exhibit 94: Harburg Freudenberger Maschinenbau GmbH - Key offerings

• 10.5 Larsen and Toubro Ltd.
• Exhibit 95: Larsen and Toubro Ltd. - Overview
• Exhibit 96: Larsen and Toubro Ltd. - Business segments
• Exhibit 97: Larsen and Toubro Ltd. - Key news
• Exhibit 98: Larsen and Toubro Ltd. - Key offerings
• Exhibit 99: Larsen and Toubro Ltd. - Segment focus

• 10.6 Mitsubishi Heavy Industries Ltd.
• Exhibit 100: Mitsubishi Heavy Industries Ltd. - Overview
• Exhibit 101: Mitsubishi Heavy Industries Ltd. - Business segments
• Exhibit 102: Mitsubishi Heavy Industries Ltd. - Key news
• Exhibit 103: Mitsubishi Heavy Industries Ltd. - Key offerings
• Exhibit 104: Mitsubishi Heavy Industries Ltd. - Segment focus

• 10.7 Pelmar Engineering Ltd.
• Exhibit 105: Pelmar Engineering Ltd. - Overview
• Exhibit 106: Pelmar Engineering Ltd. - Product / Service
• Exhibit 107: Pelmar Engineering Ltd. - Key offerings

• 10.8 RRR Development Co. Inc.
• Exhibit 108: RRR Development Co. Inc. - Overview
• Exhibit 109: RRR Development Co. Inc. - Product / Service
• Exhibit 110: RRR Development Co. Inc. - Key offerings

• 10.9 SAMSON MACHINERY INC.
• Exhibit 111: SAMSON MACHINERY INC. - Overview
• Exhibit 112: SAMSON MACHINERY INC. - Product / Service
• Exhibit 113: SAMSON MACHINERY INC. - Key offerings

• 10.10 SHYR CHIUANN MACHINERY INDUSTRY CO. LTD.
• Exhibit 114: SHYR CHIUANN MACHINERY INDUSTRY CO. LTD. - Overview
• Exhibit 115: SHYR CHIUANN MACHINERY INDUSTRY CO. LTD. - Product / Service
• Exhibit 116: SHYR CHIUANN MACHINERY INDUSTRY CO. LTD. - Key offerings

• 10.11 Siemens AG
• Exhibit 117: Siemens AG - Overview
• Exhibit 118: Siemens AG - Business segments
• Exhibit 119: Siemens AG - Key news
• Exhibit 120: Siemens AG - Key offerings
• Exhibit 121: Siemens AG - Segment focus

• 10.12 TKH Group NV
• Exhibit 122: TKH Group NV - Overview
• Exhibit 123: TKH Group NV - Business segments
• Exhibit 124: TKH Group NV - Key offerings
• Exhibit 125: TKH Group NV - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 126: Inclusions checklist
• Exhibit 127: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 128: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 129: Research methodology
• Exhibit 130: Validation techniques employed for market sizing
• Exhibit 131: Information sources

• 11.5 List of abbreviations
• Exhibit 132: List of abbreviations

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

SOURCE Technavio