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
Research Methodology: Tire Mold Market - Global Market Assessment, 2021 - 2028
Tire Mold Market study involves the combination of secondary and primary research for data collection and utilizes a robust and veracious methodology to attain results on quantitative and qualitative analysis for specific market research studies. Moreover, Vantage Market Research utilizes tried and tested approaches to arrive at market-related projections. The research methodology is based on the 3-dimensional model consisting of 3 phases namely: Secondary Research, Primary Research, and Data Triangulation. After the exhaustive secondary research, the procured information is revalidated through primary research.
Secondary Research
Primary Research:
The primary research was conducted to gather further information and revalidate the data collected from the secondary research. Moreover, primary research is also conducted to identify key players in the market and to gather their market-specific financial information. A typical primary interview fulfills data requirements pertaining to first-hand information on global market size, regional and segmental trends, competitive landscape expertise development, and market understandings among others.
Data Triangulation and Market Size Estimations
Top-down and bottom-up approaches are used to validate and estimate the market size of the Tire Mold market. After the determination of the overall market size, the market is divided into various segments and sub-segments. Moreover, these same approaches mentioned above were used to derive and estimate market numbers for mentioned segments/sub-segments in the market. The data was triangulated by employing various data models and statistical techniques to arrive at exact statics and market size for each segment/sub-segment of the market. Moreover, region-wise product mapping analysis was used to gain some more insights on the competitive trend in the global Tire Mold market.
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.
