Global Tire Curing Press Market- Industry Analysis and forecast 2020 – 2027

Global Tire Curing Press Market size was valued at US$ XX Mn. in 2019 and is expected to grow at a CAGR of 5.11% over 2020-2027, to account for US$ XX Mn. in 2027.

The report covers an in-depth analysis of COVID 19 pandemic impact on Global Tire Curing Press Market by region and on the key players’ revenue affected till July 2020 and expected short-term and long-term impacts on the market.

Tire curing press is one type of machine used to give a final shape to green tires by applying pressure. Tire curing press machine provides several benefits like quick bladder change, precise control and maximum efficiency increased bladder life & productivity of tires, reduced mold damage, and ease of maintenance.

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The global market for tire curing press is expected to gain market growth from 2020 to 2027 thanks to expanding automotive aftermarket and rising investments in tire manufacturing. The growing demand for green tires owing to emission control is also the major factor driving the growth market. Moreover, the tire curing press does not need consistent maintenance, which further aids in dipping overall operational and maintenance costs. This is expected to boom the growth of the tire curing press market globally.

Developments in tire curing press provide a technological edge with competitive benefits to the manufacturers, thus attributing to the substantial growth of the global market for tire curing press over 2020-2027. Furthermore, the integration of various functions and easy-to-service design will drive the demand for tire curing presses in upcoming years. However, the global tire curing press market is hampered by the lack of skilled labor to perform essential complex functions and operations.

By product, the hydraulic curing press machine segment held the largest market share of XX.56% in 2019 and is projected to grow at the highest CAGR of XX.12% to reach US$ XX Mn. by 2027. The hydraulic tire curing press machine provides smoother operation in comparison with the mechanical tire curing press machine, as it makes less noise during the curing process. The growing demand for cured tires for commercial vehicles, passenger cars, aviation vehicles, and off-the-road equipment around the world is fueling the growth of the global tire curing press market. Likewise, the MMR report will provide an accurate prediction of the contribution of the various segments to the growth of the tire curing press market size.

The report offers a brief analysis of the major regions in the market, namely, APAC, Europe, North America, MEA, and Latin America. Among these, the APAC region is expected to hold the largest XX.76% growth rate during the forecast period thanks to the rising automotive and tire recycling industry. Additionally, the rapidly growing population in economies such as India and China, the improving economic conditions in India, Vietnam, and Thailand, and the growing investments in the automotive aftermarket is likely to further boost the demand for tire curing press in the APAC. In 2020, the total revenue of Larsen & Toubro Limited was US$ 21 Bn. The Larsen & Toubro RPM Unit provides a complete range of Hydraulic Tire Curing presses for light truck, curing passenger, and truck tires. Hydraulic Presses manufactured by L&T RPM are operative in various economies like the Americas, Europe, Asia and Africa. Likewise, the research study includes the profiles of leading companies operating in the tire curing press market globally.

The objective of the report is to present a comprehensive analysis of the Global Tire Curing Press Market to the stakeholders in the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding Global Tire Curing Press Market dynamics, structure by analyzing the market segments and project the Global Tire Curing Press Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Global Tire Curing Press Market make the report investor’s guide.

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Key players operating in the Global Tire Curing Press Market:

• Larsen & Toubro Limited
• McNeil & NRM, Inc.
• Hebert
• Rogers Industrial Products Inc.
• Harburg-Freudenberger Maschinenbau GmbH
• Doublestar
• Guilin Rubber Machinery Co., Ltd.
• Deshengli
• Specific Engineering Corporation Pvt. Ltd.
• Gold Hawk
• Mitsubishi Heavy Industries Machinery Technology Corporation
• Greatoo Intelligent
• Himile
• Alfred Herbert (India) Ltd.
• Cima Impianti S.p.a.
• Ling Long Tire.
• Others

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