Global Automotive Tire Molds Market by Product (Segmented Molds, Two-Piece Molds), Material (Forged Aluminum, Silicone Rubber, Steel), Application - Forecast 2024-2030

The Automotive Tire Molds Market size was estimated at USD 1.75 billion in 2023, USD 1.82 billion in 2024, and is expected to grow at a CAGR of 4.75% to reach USD 2.42 billion by 2030.

Automotive tire molds are specialized tools used in the automotive sector to make cars, trucks, and vehicle tires. Automotive tire molds are generally made from high-quality materials such as steel, aluminum, and other metal alloys and are used to create the tread patterns and overall shape of a tire. The rapid expansion of the automotive industry, along with rising sales of commercial vehicles, is driving the demand for automotive tire molds. According to the European Automobile Manufacturers Association, 79.1 million vehicles were produced worldwide in 2021, an increase of 1.3% compared to 2020. Strict government regulations on vehicle emissions motivate original equipment manufacturers (OEMs) worldwide to focus on lightweight and fuel-efficient initiatives for their vehicles, driving up demand for low-rolling-resistance tires globally and boosting the adoption of automotive tire molds. However, the high investments required for equipment and technology associated with automotive tire molds impede market growth. The recent advancements in tire technology, such as new materials and designs and 3D printing technology, are expected to increase the production of automotive tire molds, as it allows for greater precision and faster production times, subsequently creating opportunities for the automotive tire market.

Regional Insights

The rapid growth of the automotive sector in Asia-Pacific is expected to expand the potential of the automotive tire molds in the region. Automobile manufacturers in Japan, China, South Korea, and India focus on decreasing the vehicles' weight to improve fuel efficiency and meet carbon emission regulations, accelerating the demand for unidirectional tapes. According to the International Organization of Motor Vehicle Manufacturers (OICA), in 2021, total car production was higher across China, Japan, India, South Korea, Malaysia, Thailand, and Indonesia. The introduction of electric vehicles, supportive government incentives, and the competitive nature of the automakers are boosting the automotive sector in the Americas. Automobile manufacturers focusing on manufacturing lightweight vehicles to improve fuel efficiency and meet carbon emission regulations have expanded the scope of automotive tire molds. The Corporate Average Fuel Economy legislation in the U.S. has set the average fleet fuel efficiency target of 35 miles per gallon (mpg) to 36.6 mpg by 2017 and 54.5 mpg by 2025. Using green energy to develop automotive tire molds by native market vendors is expected to expand the scope of automotive tile molds in the Americas.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Automotive Tire Molds Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Automotive Tire Molds Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Automotive Tire Molds Market, highlighting leading vendors and their innovative profiles. These include Anhui Wide Way Mould Co.,Ltd, Athens Mold and Machine, Bridgestone Corporation, China Tyre Mould manufacturers, Continental AG, Craemer GmbH, Dahmen Maschinen- u. Formenbau GmbH & Co. KG, Deusch Kyosei Engineering Pvt., Georg Fischer Ltd., Greatoo Intelligent Equipment Inc., Hankook Precision Works Co., Ltd., Hefei Wide Way Mould Co., Ltd, Herbert Maschinen- und Anlagenbau GmbH & Co. KG, Himile Mechanical Science & Technology (Shandong) Co, Ltd., King Machine, Kohitech Tooling LLP, Langer GmbH & Co. KG, MESNAC Co., Ltd., Metalcraft Solutions, Münch Chemie International GmbH, NGK FINE MOLDS, Inc., PNEUFORM Hulín, Inc., Shandong Haomai Machinery Technology Co., Ltd., Shinko Mold Industrial Co., Ltd., The Yokohama Rubber Co., Ltd,, and Vulcan-Vulcap Industries Inc.

Market Segmentation & Coverage

This research report categorizes the Automotive Tire Molds Market to forecast the revenues and analyze trends in each of the following sub-markets:

• Product
  • Segmented Molds
  • Two-Piece Molds
• Material
  • Forged Aluminum
  • Silicone Rubber
  • Steel
• Application
  • Off-the-Road Tires
  • Passenger Car Radial Tires
  • Truck & Bus Radial Tires

• Region
  • Americas
    • Argentina
    • Brazil
    • Canada
    • Mexico
    • United States
      • California
      • Florida
      • Illinois
      • New York
      • Ohio
      • Pennsylvania
      • Texas
  • Asia-Pacific
    • Australia
    • China
    • India
    • Indonesia
    • Japan
    • Malaysia
    • Philippines
    • Singapore
    • South Korea
    • Taiwan
    • Thailand
    • Vietnam
  • Europe, Middle East & Africa
    • Denmark
    • Egypt
    • Finland
    • France
    • Germany
    • Israel
    • Italy
    • Netherlands
    • Nigeria
    • Norway
    • Poland
    • Qatar
    • Russia
    • Saudi Arabia
    • South Africa
    • Spain
    • Sweden
    • Switzerland
    • Turkey
    • United Arab Emirates
    • United Kingdom

The report offers valuable insights on the following aspects

1. Market Penetration: It presents comprehensive information on the market provided by key players.
2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as

1. What is the market size and forecast of the Automotive Tire Molds Market?
2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Automotive Tire Molds Market?
3. What are the technology trends and regulatory frameworks in the Automotive Tire Molds Market?
4. What is the market share of the leading vendors in the Automotive Tire Molds Market?
5. Which modes and strategic moves are suitable for entering the Automotive Tire Molds Market?

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