Tire Curing Press Market Trends

ID: MRFR/Equip/6672-CR

128 Pages

Snehal Singh

July 2023

Tire Curing Press Market Research Report: Information by Type (Mechanical, Hydraulic and Hybrid), By Mold (Two-piece Mold and Segmental Mold), By Application (PCR, TBR, 3-Wheeler, 2-Wheeler), And by Region (North America, South America, Europe, Asia Pacific, And Middle East & Africa) –Market Forecast Till 2035

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Market Trends

Key Emerging Trends in the Tire Curing Press Market

The tire curing press market is anticipated to experience significant growth in the forecast period, driven by the increasing global use of rubber additives. Rubber additives, which are substances added to either natural or synthetic rubber, play a crucial role in shaping the properties of rubber. These additives enhance the durability of rubber and its ability to withstand environmental factors such as heat, sunlight, and mechanical stress. The demand for rubber additives is on the rise, particularly in non-tire applications, contributing to the growth of the tire curing press market.

As the automotive industry recovers and other rubber-based industries resume operations worldwide, the demand for rubber additives is expected to witness a surge. The use of rubber additives is becoming more prevalent to enhance the performance and wear resistance of tires, making them a vital component in the rubber industry. The tire sector, being a major consumer of rubber additives, is poised to experience growth due to various initiatives taken by countries to bolster their tire industries. For instance, the China Rubber Industry Association (CRIA) has recently issued industry development guidelines for the period 2021 to 2025, outlining objectives in production, technology upgrades, and energy consumption across various segments. This includes ambitious goals such as producing 54,000 units of aircraft tires, with 15% of them being domestically made. Such initiatives are expected to contribute significantly to the expansion of the tire curing press market in the coming years.

The increasing utilization of rubber additives is a crucial factor in the growth of the tire curing press market. These additives play a pivotal role in enhancing the properties of rubber, making it more durable and resistant to environmental factors. The demand for rubber additives is expected to rise, particularly in non-tire applications, contributing to the overall growth of the tire curing press market. The recovery of the global automotive industry and the resumption of operations in other rubber-based industries are key drivers that are likely to fuel market growth in the near future.

Moreover, the escalating demand for rubber additives to improve tire performance and wear resistance is a significant factor contributing to the market's growth. Tires represent a major application in the rubber industry, and increasing initiatives in the tire sector by various countries are expected to propel market growth. For example, the China Rubber Industry Association (CRIA) has outlined industry development guidelines for the years 2021 to 2025, setting ambitious goals for production, technology upgrades, and energy consumption across different segments. Notably, the production of 54,000 units of aircraft tires, with 15% being domestically produced, is one of the outlined objectives. These factors collectively are anticipated to boost the tire curing press market growth over the projected timeline.

Market Highlights

Author

Snehal Singh

Assistant Manager - Research

High acumen in analyzing complex macro & micro markets with more than 6 years of work experience in the field of market research. By implementing her analytical skills in forecasting and estimation into market research reports, she has expertise in Packaging, Construction, and Equipment domains. She handles a team size of 20-25 resources and ensures smooth running of the projects, associated marketing activities, and client servicing.

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FAQs

What is the projected market valuation of The Global Tire Curing Press by 2035?

The projected market valuation for The Global Tire Curing Press is expected to reach 2.13 USD Billion by 2035.

What was the market valuation of The Global Tire Curing Press in 2024?

The overall market valuation of The Global Tire Curing Press was 1.34 USD Billion in 2024.

What is the expected CAGR for The Global Tire Curing Press during the forecast period 2025 - 2035?

The expected CAGR for The Global Tire Curing Press during the forecast period 2025 - 2035 is 4.3%.

Which companies are considered key players in The Global Tire Curing Press?

Key players in The Global Tire Curing Press include Harris, KraussMaffei, Schumacher, Mitsubishi, Continental, Hankook, Buehler, Sankyo, and Trelleborg.

What are the projected valuations for the different types of tire curing presses by 2035?

By 2035, the projected valuations for tire curing press types are Mechanical at 0.63 USD Billion, Hydraulic at 0.85 USD Billion, and Hybrid at 0.63 USD Billion.

How do the mold types in The Global Tire Curing Press compare in terms of projected valuation?

The projected valuations for mold types by 2035 are Two-piece Mold at 1.07 USD Billion and Segmental Mold at 1.06 USD Billion.

1. Market Overview

2. Market Trends

3. Market Segment Insights

4. Key Players and Competitive Insights

5. Industry Developments

6. Market Segmentation

7. Report Scope

8. Market Highlights

9. FAQs

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Market Summary

As per MRFR analysis, The Global Tire Curing Press Market Size was estimated at 1.34 USD Billion in 2024. The tire curing press industry is projected to grow from 1.398 USD Billion in 2025 to 2.13 USD Billion by 2035, exhibiting a compound annual growth rate (CAGR) of 4.3 during the forecast period 2025 - 2035.

Key Market Trends & Highlights

The Global Tire Curing Press Market is poised for growth driven by technological advancements and sustainability initiatives.

North America remains the largest market for tire curing presses, reflecting robust automotive manufacturing activities.
Asia-Pacific is emerging as the fastest-growing region, fueled by increasing demand for electric vehicles and high-performance tires.
Hydraulic presses dominate the market, while hybrid presses are gaining traction due to their efficiency and versatility.
Key market drivers include the rising demand for high-performance tires and the expansion of the electric vehicle market.

Tire Curing Press Market

CAGR

4.3%

Market Size & Forecast

2024 Market Size	1.34 (USD Billion)
2035 Market Size	2.13 (USD Billion)
CAGR (2025 - 2035)	4.3%
Largest Regional Market Share in 2024	Asia Pacific

Major Players

Harris (US), KraussMaffei (DE), Schumacher (DE), Mitsubishi (JP), Continental (DE), Hankook (KR), Buehler (US), Sankyo (JP), Trelleborg (SE)

Market Trends

The Global Tire Curing Press Market is currently experiencing a transformative phase, driven by advancements in technology and increasing demand for high-performance tires. Manufacturers are focusing on enhancing production efficiency and reducing energy consumption, which appears to be a priority in the industry. The integration of automation and smart technologies into curing processes is likely to improve precision and consistency, thereby elevating product quality. Furthermore, sustainability initiatives are gaining traction, as companies seek to minimize their environmental footprint while meeting regulatory standards. This shift towards eco-friendly practices may reshape operational strategies across the sector. In addition, the competitive landscape of The Global Tire Curing Press Market is evolving, with key players investing in research and development to innovate their offerings. The emergence of new materials and processes could potentially redefine traditional manufacturing methods. As the market adapts to changing consumer preferences and regulatory pressures, collaboration between manufacturers and technology providers is becoming increasingly vital. This synergy may lead to the development of advanced curing solutions that cater to the diverse needs of the automotive industry, ensuring that the market remains dynamic and responsive to future challenges.

Technological Advancements

The integration of cutting-edge technologies in The Global Tire Curing Press Market is reshaping production methodologies. Automation and smart systems are enhancing operational efficiency, allowing manufacturers to achieve higher precision in tire curing processes.

Sustainability Focus

A growing emphasis on sustainability is influencing practices within The Global Tire Curing Press Market. Companies are increasingly adopting eco-friendly materials and processes to reduce their environmental impact, aligning with global regulatory trends.

Collaborative Innovations

Collaboration between manufacturers and technology firms is becoming essential in The Global Tire Curing Press Market. This partnership is likely to foster the development of innovative solutions that address evolving consumer demands and industry challenges.

Tire Curing Press Market Market Drivers

Increasing Regulatory Standards

The imposition of stringent regulatory standards regarding tire safety and performance is a critical driver in the tire curing press market. Governments worldwide are implementing regulations that mandate higher safety and environmental standards for tires. This has led manufacturers to adopt advanced curing technologies that ensure compliance with these regulations. For instance, the introduction of eco-friendly materials and processes in tire production is becoming a necessity. As a result, the demand for high-quality curing presses that can accommodate these new materials and processes is likely to increase, thereby shaping the future of the tire curing press market.

Growth of the Automotive Industry

The overall growth of the automotive industry serves as a fundamental driver for the tire curing press market. As vehicle production increases globally, the demand for tires naturally follows suit. Recent data indicates that the automotive sector is projected to grow at a CAGR of around 4% over the next few years, which directly correlates with the need for efficient tire manufacturing processes. Consequently, tire manufacturers are compelled to invest in advanced curing presses to meet the rising demand for tires, thereby fostering growth within the tire curing press market.

Expansion of Electric Vehicle Market

The expansion of the electric vehicle (EV) market is significantly influencing the tire curing press market. As the adoption of EVs accelerates, there is a corresponding need for specialized tires that cater to the unique requirements of electric vehicles, such as lower rolling resistance and enhanced durability. This shift is expected to propel the tire market, with estimates suggesting a growth rate of over 20% annually for EV tires. Consequently, tire manufacturers are increasingly investing in advanced curing presses to produce these specialized tires, thereby driving innovation and efficiency in the curing process.

Rising Demand for High-Performance Tires

The increasing demand for high-performance tires is a notable driver in the tire curing press market. As automotive manufacturers strive to enhance vehicle performance, the need for advanced tire technologies has surged. This trend is reflected in the projected growth of the tire market, which is expected to reach approximately 300 billion USD by 2026. Consequently, tire manufacturers are investing in state-of-the-art curing presses to produce tires that meet stringent performance standards. The ability to cure tires efficiently and effectively is crucial for maintaining quality and performance, thereby driving the demand for innovative curing press solutions.

Technological Innovations in Manufacturing

Technological innovations in manufacturing processes are reshaping the tire curing press market. The integration of automation and smart technologies in manufacturing is enhancing efficiency and precision in tire production. For example, the use of Industry 4.0 technologies, such as IoT and AI, allows for real-time monitoring and optimization of the curing process. This not only improves product quality but also reduces production costs. As manufacturers seek to remain competitive, the adoption of these advanced curing presses is expected to rise, indicating a shift towards more sophisticated manufacturing practices in the tire industry.

Market Segment Insights

Tire Curing Press Market Platform Segment Insights

Tire Curing Press Market Type Insights

Based on Type, the global Tire Curing Press Market segmentation includes Mechanical, Hydraulic, and Hybrid. Mechanical Type dominated the Tire Curing Press industry in 2022 and is expected to grow at a highest CAGR during the forecast period. A mechanical tire curing press is a specialized machine used in the tire manufacturing industry to shape and cure rubber compounds into the final form of a tire. It is a crucial component in the tire production process, responsible for providing the necessary pressure and heat required to vulcanize the rubber and create a durable tire.

These molds can be adjusted to accommodate various tire sizes and types. These machines provide an extensive range covers presses for curing tires such as scooters, motorcycles, passenger cars, light trucks, trucks, tractors, and off-the-road equipment.

A hydraulic tire curing press machine is used in the tire manufacturing industry to apply heat and pressure to raw rubber tires, transforming them into their final shape and structure. The curing process is essential for enhancing the physical properties of the tires, ensuring durability, and achieving optimal performance. The press is equipped with a heating system that raises the temperature inside the press chamber to activate the vulcanization process, where the rubber molecules crosslink to form a solid and resilient structure.

Tire Curing Press Market Mold Insights

The global Tire Curing Press Market is segmented based on Two-piece Mold and Segmental Mold. Two-piece Mold held the largest market share in 2022 and is expected to dominate the Tire Curing Press Market during the forecast period (2023-2032). A two-piece mold is designed to apply heat and pressure to a green tire, which is a tire in its uncured state, to shape and vulcanize it into its final form. The machine allows for precise control over temperature and pressure, ensuring uniformity and consistency in tire production. It enables mass production of high-quality tires with consistent dimensions and performance characteristics.

Additionally, it facilitates efficient curing cycles, reducing production time and increasing productivity. The machine also provides excellent mold alignment, resulting in superior tire uniformity and reduced scrap rates. Furthermore, it offers versatility by accommodating different tire sizes and designs.

The segmental mold machine consists of multiple individual segments or molds that are used to shape specific sections of the tire, such as the tread, sidewall, and bead. During the tire manufacturing process, the uncured tire is placed inside the segmented molds of the curing press. The molds are then closed around the tire, and heat and pressure are applied to vulcanize and cure the rubber, creating the final shape and structure of the tire. Segmental mold tire curing presses offer several advantages over other types of tires curing presses including customization, efficiency, and quality control.

Tire Curing Press Market Application Insights

The Application segment of the Tire Curing Press industry is segmented into PCR, TBR, 3-Wheeler, and 2-Wheeler. PCR industry dominated the Tire Curing Press industry in 2022. Tire curing presses are used in the manufacturing of passenger car (PCR) tires. There are two main types of tire curing presses available such as hydraulic and mechanical. Hydraulic presses are more common in the PCR tire industry. The tire is first placed in the mold of the curing press. The mold is then closed, and the press applies heat and pressure to the tire.

The heat causes the rubber to vulcanize or harden. The pressure ensures that the tire cures evenly. Once the curing process is complete, the press is opened, and the tire is removed from the mold. The tire is then cooled and inspected for quality.

2-Wheeler industry is expected to grow at a highest CAGR during the forecast period (2023-2032). Manufacturers adapted their established column design for this press type to create standard to high-end performance tires to meet the rapidly expanding demands of the 2-wheeler and scooter sectors. These machines provide several features such as designed to manage bias and radial tires, locking and squeeze components, controlled outside of the heated area, Provide cycle time and uniformity, and reduced wear.

Get more detailed insights about Tire Curing Press Market Research Report—Global Forecast till 2035

Regional Insights

North America : Innovation and Demand Surge

North America is witnessing significant growth in the tire curing press market, driven by increasing vehicle production and a shift towards electric vehicles. The region holds approximately 40% of the global market share, making it the largest market. Regulatory support for sustainable manufacturing practices is further propelling demand, as manufacturers seek to enhance efficiency and reduce emissions. The United States and Canada are the leading countries in this region, with major players like Harris and Buehler establishing a strong presence. The competitive landscape is characterized by innovation and technological advancements, with companies investing in R&D to develop more efficient curing processes. This focus on innovation is expected to sustain growth in the coming years.

Europe : Manufacturing Powerhouse

Europe is a manufacturing powerhouse in the tire curing press market, holding around 30% of the global share, making it the second-largest market. The region benefits from stringent regulations promoting environmental sustainability, which drive manufacturers to adopt advanced curing technologies. The increasing demand for high-performance tires in the automotive sector is also a key growth driver, supported by government initiatives aimed at enhancing vehicle safety and efficiency. Germany, France, and Italy are the leading countries in this market, with key players like KraussMaffei and Continental dominating the landscape. The competitive environment is marked by a focus on innovation and collaboration among manufacturers to meet evolving consumer demands. The presence of established companies fosters a robust ecosystem for technological advancements in tire curing processes.

Asia-Pacific : Emerging Market Dynamics

Asia-Pacific is rapidly emerging as a significant player in the tire curing press market, accounting for approximately 25% of the global market share. The region's growth is fueled by rising automotive production, particularly in countries like China and India, where demand for tires is surging. Government initiatives aimed at boosting manufacturing capabilities and enhancing infrastructure are also contributing to market expansion, making it a key area for investment. China and Japan are the leading countries in this region, with major companies like Mitsubishi and Sankyo actively participating in the market. The competitive landscape is characterized by a mix of local and international players, with a focus on cost-effective manufacturing solutions. As the region continues to develop, the demand for advanced curing technologies is expected to rise, further driving market growth.

Middle East and Africa : Resource-Rich Opportunities

The Middle East and Africa region is in a growth phase for the tire curing press market, holding about 5% of the global market share. The region's growth is driven by increasing automotive sales and investments in manufacturing infrastructure. Additionally, government initiatives aimed at diversifying economies and promoting local production are creating opportunities for market expansion. The demand for durable and high-quality tires is also on the rise, further supporting market growth. South Africa and the UAE are the leading countries in this region, with a growing number of local manufacturers entering the market. The competitive landscape is evolving, with both established and emerging players striving to capture market share. As the region continues to develop its automotive sector, the demand for advanced tire curing technologies is expected to increase, providing a boost to the market.

Key Players and Competitive Insights

The competitive landscape of the tire curing press market report is characterized by the presence of both global and regional players. The Tire Curing Press Market has witnessed consolidation through mergers and acquisitions, with larger companies acquiring smaller players to strengthen their market position and expand their capabilities. This trend has led to the formation of major players with diversified offerings and extensive geographic reach. In the Tire Curing Press Market, companies are increasingly adopting advanced technologies to improve project efficiency, safety, and environmental sustainability.

This includes the use of digital tools for project planning and management, advanced tire curing press monitoring systems, and innovative construction techniques.

The major Tire Curing Press Market companies in the tire curing press market report include Larsen & Toubro Limited, McNeil & NRM, Inc., Mitsubishi Heavy Industries Machinery Systems, Ltd., Harburg-Freudenberger Maschinenbau GmbH, HERBERT Maschinenbau GmbH & Co. KG, Specific Engineering Corporation, Rogers Industrial Products Inc., Greatoo Intelligent, Guilin Rubber Machinery Co., Ltd., Uzer Makina, among others. Companies with a broad geographic presence have an advantage in accessing diverse markets and opportunities. They can leverage their global or regional footprint to expand their market share and diversify their project portfolio.

Local and regional tire curing press have a competitive advantage in their respective markets due to their understanding of local regulations, cultural nuances, and specific project requirements.

Key Companies in the Tire Curing Press Market market include

Industry Developments

In June 2023, Greatoo Intelligent Announces New Tire Curing Press Market Technology. The new technology is said to be more energy-efficient and environmentally friendly than traditional tire curing presses.
In May 2023, Guilin Rubber Machinery Co., Ltd. introduced a new line of rubber machinery. Numerous machines for vulcanizing, calendering, mixing, and extruding rubber are part of the new range.
In April 2019, HF Tire Tech Group has introduced a revolutionary curing press, HF Curemaster TBR, for the manufacturing of truck tires. The new truck tire curing press ‘HF Curemaster TBR’ offers a flexible and compact footprint, enabling it to replace older smaller presses and ultimately saves space or allows for the possibility to fit more presses per existing trench.

Future Outlook

Tire Curing Press Market Future Outlook

The Global Tire Curing Press Market is projected to grow at a 4.3% CAGR from 2024 to 2035, driven by technological advancements, increasing demand for high-performance tires, and sustainability initiatives.

New opportunities lie in:

Integration of IoT for predictive maintenance solutions
Development of energy-efficient curing press technologies
Expansion into emerging markets with tailored product offerings

By 2035, the market is expected to achieve robust growth, driven by innovation and strategic expansion.

Market Segmentation

Tire Curing Press Market Mold Outlook

Two-piece Mold
Segmental Mold

Tire Curing Press Market Type Outlook

Mechanical
Hydraulic
Hybrid

Tire Curing Press Market Application Outlook

PCR
TBR
3-Wheeler
2-Wheeler

Report Scope

MARKET SIZE 2024	1.34(USD Billion)
MARKET SIZE 2025	1.398(USD Billion)
MARKET SIZE 2035	2.13(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR)	4.3% (2024 - 2035)
REPORT COVERAGE	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR	2024
Market Forecast Period	2025 - 2035
Historical Data	2019 - 2024
Market Forecast Units	USD Billion
Key Companies Profiled	Market analysis in progress
Segments Covered	Market segmentation analysis in progress
Key Market Opportunities	Integration of advanced automation technologies enhances efficiency in The Global Tire Curing Press.
Key Market Dynamics	Technological advancements in automation and energy efficiency drive competitive dynamics in the tire curing press market.
Countries Covered	North America, Europe, APAC, South America, MEA