Tire Mold Market
Tire Mold Market Global Industry Assessment & Forecast
#
Pages:
145
2021
Nov - 2021
VMR-2021-0563
Segments Covered
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
Snapshot
 Forecast
Years:
|
2021 - 2028 |
 Historical
Years:
|
2016 - 2020 |
 Revenue
2021: |
1.84 Billion |
 Revenue 2028:
|
3.2 Billion |
 Revenue CAGR
(2021 - 2028): |
4.10% |
Fastest Growing Region (2022 -
2028)
|
Asia Pacific |
Customization Offered
Cross-segment Market Size and
Analysis
for Mentioned Segments- Additional Company Profiles (Upto 5
With
No Cost)
- Additional Countries (Apart From
Mentioned Countries)
- Country/Region-specific Report
- Go To Market Strategy
- Region Specific Market Dynamics
- Region Level Market Share
- Import Export Analysis
- Production Analysis
- Others Request
Customization Speak To
Analyst
Product Types Analysis: Preview
On the basis of Product Types, the market is segmented into Two-Piece Molds, Segmented Molds. Two-Piece Molds held the highest share in the global Tire Mold market and is projected to witness the same trend during the forecast period.
Application Analysis: Preview
Based on Application, the market is segmented into Passenger Car Radial Tires (PCR), Truck & Bus Radial Tires (TBR), Off-The-Road Tires (OTR), Others. Passenger Car Radial Tires (PCR) accounted for the highest market share and is expected to grow at a significant CAGR from 2021 to 2028.
Analysis: Preview
Based on , the market is segmented into . dominates the global Tire Mold market and is expected to continue the same trend from 2021 to 2028.
Global Tire Mold Market: Product Types Segment Analysis
-
- Two-Piece Molds
- Segmented Molds
Global Tire Mold Market: Application Segment Analysis
-
- Passenger Car Radial Tires (PCR)
- Truck & Bus Radial Tires (TBR)
- Off-The-Road Tires (OTR)
- Others
FAQ
Frequently Asked Question
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.
