Tire Mold Market

Tire Mold Market by Product Types (Two-Piece Molds, Segmented Molds) by Application (Passenger Car Radial Tires (PCR), Truck & Bus Radial Tires (TBR), Off-The-Road Tires (OTR), Others) , by Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa): Global Market Assessment, 2021 – 2028

Frequently Asked Questions

  • What is the global demand for Tire Mold in terms of revenue?

    The global Tire Mold valued at 1.84 Billion in 2020 and is expected to reach 3.2 Billion in 2028 growing at a CAGR of 4.10%%

  • Which are the prominent players in the market?

    The prominent players in the market are Tianyang, A-Z, Anhui Wide Way Mould, Shinko Mold Industrial, Wantong, Himile, MK Technology, Greatoo, King Machine, Quality, Saehwa IMC, SeYoung TMS, Qingdao Yuantong Machine, Anhui Mcgill Mould, HERBERT Maschinen, HongChang..

  • At what CAGR is the market projected to grow within the forecast period?

    The market is project to grow at a CAGR of 4.10%% between 2021 and 2028.

  • What are the driving factors fueling the growth of the market.

    The driving factors of the Tire Mold include

    • The increasing automobile sales have is anticipated to augment the growth of the tire mold market during the forecast period. This is attributable to the rapid urbanization, rising disposable income of the consumers, regulations associated to fuel efficiency, and improvement in dynamics. Furthermore, increase in global sales of automobiles has also caused a major inclination towards the adoption of personal vehicle which is in turn expected to support the growth of the tire mold market in the forecast period.
    • The increasing tire replacement rate in automobiles is anticipated to augment the global tire mold market in the years to come. This is owing to the automotive ownership pattern, rapid industrialization, and population growth over the past decades. Furthermore, the growth of the tire mold market also depends upon the growth of the commercial and non-commercial automobile industry, which will result in an increasing rate of replacement of tires.

  • Which region accounted for the largest share in the market?

    Asia Pacific was the leading regional segment of the Tire Mold in 2020.

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