Global Automotive Tire Mold Market To Reach $1.8 Billion By 2027 – EIN News | CarTailz

DUBLIN, November 15, 2022 /PRNewswire/ — Added the Automotive Tire Molds – Global Market Trajectory & Analytics report ResearchAndMarkets.com Offer.

To reach global automotive tire mold market $1.8 billion until 2027

Amid the COVID-19 crisis, the global automotive tire mold market is estimated at $1.4 billion in 2020 is expected to reach a revised size of $1.8 billion by 2027, growing at a CAGR of 3.7% over 2020-2027. Segmented Molds, one of the segments analyzed in the report, is expected to register 5.1% CAGR and reach $1.3 billion until the end of the analysis period. Assuming continued post-pandemic recovery, growth in Two-piece molds segment is adjusted at a revised annual growth rate of 0.7% for the next 7-year period.

The US market is estimated at $241.7 millionwhile China is forecast to grow at 4.6% CAGR

The market for car tire molds in the USA is estimated at $241.7 million in 2020. Chinathe second largest economy in the world, is expected to reach a forecast market size of $500.6 million by 2027, with a CAGR of 4.6% over the period 2020-2027. Among the other notable geographic markets are Japan and Canada, which forecast growth of 1.4% and 2% respectively over the period 2020-2027. Inside Europe, Germany growth of around 1.5% CAGR is forecast.

Select competitors (total 30 featured)

  • AZ Ltd
  • Bridgestone Corporation
  • Continental AG
  • Dammen machines
  • & Formenbau GmbH & Co. KG
  • Greatoo Intelligent Equipment Inc.
  • Hefei Avenue Mold Co.,Ltd.
  • HERBERT Tire Tooling GmbH & Co. KG
  • Himile Group Co.,Ltd
  • king machine
  • Shinko Mold Industrial Co.,Ltd.
  • Yokohama Rubber Co.,Ltd

Main topics covered:

I. METHODOLOGY

II. SUMMARY

1. MARKET OVERVIEW

2. FOCUS ON SELECTED PLAYERS

3. MARKET TRENDS & DRIVERS

  • Post-COVID-19 auto industry recovery to manage demand
  • As the industry emerges from the recovery boom, sluggish to stagnant growth in new car sales is catalyzing the auto market
  • Monthly new car sales in the US: January 2020February 2021
  • Market for PCR tires and TBR tires for fuel tires
  • 3D printing of sample blocks
  • Focus on the development of Smart Tires is increasing, automation is becoming more important
  • Faster tire size changes and increasing demands for greater automation are impacting the industry
  • Focus on sophisticated and smart tires increases with the advent of EVs and AVs
  • The dynamics of the tire industry influence the market prospects
  • The need for regular tire replacement bodes well
  • The rising average vehicle age leads to an increased demand for replacement tires
  • Retreaded tires expand another growth area
  • Poor road conditions and an increase in car accidents require high-quality tires
  • Shape improvements support airless tire manufacturing
  • Global Airless Tires Market (in million U.S. dollars) for 2018 and 2024
  • Vehicle fuel economy and emissions regulations spur design improvements
  • Demographic trends underpinning future automotive and ancillary sales growth

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

UNITED STATES

CANADA

JAPAN

CHINA

EUROPE

FRANCE

GERMANY

ITALY

UNITED KINGDOM

SPAIN

RUSSIA

THE REST OF EUROPE

ASIA-PACIFIC

AUSTRALIA

INDIA

SOUTH KOREA

THE REST OF ASIA-PACIFIC

LATIN AMERICA

ARGENTINA

BRAZIL

MEXICO

THE REST OF LATIN AMERICA

MIDDLE EAST

AFRICA

IV. COMPETITION

  • Total companies profiled: 30

For more information about this report, visit https://www.researchandmarkets.com/r/a53jp6

Media contact:

research and markets
Laura WoodSenior managers
press@researchandmarkets.com

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SOURCE Research and Markets

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