What is Global Segmented Tire Mold Market?
The Global Segmented Tire Mold Market is a specialized sector within the broader tire industry, focusing on the production and distribution of segmented molds used in tire manufacturing. These molds are essential in shaping and forming the tire during the production process. The market is global in nature, meaning it encompasses manufacturers, distributors, and consumers from all around the world. The value of this market was estimated to be US$ 1345.3 million in 2023, and it's projected to reach US$ 1763.5 million by 2030, growing at a compound annual growth rate (CAGR) of 4.0%. This growth is driven by various factors, including technological advancements in tire mold manufacturing, increasing demand for high-quality tires, and the expansion of the automotive industry globally.
Top Open Tire Molds, Down To Ground Tire Molds in the Global Segmented Tire Mold Market:
The Global Segmented Tire Mold Market is further divided into different types, including Top Open Tire Molds and Down To Ground Tire Molds. Top Open Tire Molds are typically used in the production of radial tires, which are the most common type of tire used in passenger vehicles. These molds are designed to open at the top, allowing for easy removal of the finished tire. On the other hand, Down To Ground Tire Molds are used in the production of bias tires, which are often used in heavy-duty vehicles. These molds are designed to open at the bottom, allowing the finished tire to be removed by dropping it down to the ground. Both types of molds play a crucial role in the tire manufacturing process, and their demand is largely driven by the type of tires being produced by manufacturers.
PCR, TBR, OTR, Others in the Global Segmented Tire Mold Market:
The usage of segmented tire molds varies across different areas, including PCR (Passenger Car Radial), TBR (Truck and Bus Radial), OTR (Off-The-Road), and others. In the PCR segment, segmented tire molds are used to produce tires for passenger vehicles. These molds are designed to produce tires that offer a smooth ride, good handling, and long tread life. In the TBR segment, the molds are used to produce tires for trucks and buses. These tires need to be durable and capable of carrying heavy loads, so the molds used in their production are typically more robust. In the OTR segment, the molds are used to produce tires for off-road vehicles. These tires need to be tough and capable of handling rough terrains, so the molds used in their production are usually very sturdy. Other areas where segmented tire molds are used include the production of tires for motorcycles, bicycles, and other types of vehicles.
Global Segmented Tire Mold Market Outlook:
The outlook for the Global Segmented Tire Mold Market is positive, with steady growth expected in the coming years. In 2023, the market was valued at US$ 1345.3 million, and it's projected to reach US$ 1763.5 million by 2030, growing at a CAGR of 4.0%. This growth is largely driven by the increasing demand for high-quality tires, technological advancements in tire mold manufacturing, and the expansion of the automotive industry globally. In 2022, China, a major player in the global tire industry, exported 7.65 million tons of rubber tires, a year-on-year increase of 4.7%. The export value was ¥131.418 billion, an increase of 16%, and the trade surplus was 103.709 billion yuan, an increase of ¥15.89 billion. These figures indicate a strong demand for tires, which in turn drives the demand for segmented tire molds.
| Report Metric | Details |
| Report Name | Segmented Tire Mold Market |
| Accounted market size in 2023 | US$ 1345.3 million |
| Forecasted market size in 2030 | US$ 1763.5 million |
| CAGR | 4.0% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Saehwa IMC, HERBERT Maschinen, MK Technology, King Machine, Quality Mold, Inc., A-Z, Shinko Mold Industrial, SeYoung TMS, Himile, Greatoo, Anhui Wide Way Mould, Wantong, Anhui Mcgill Mould, Tianyang, HongChang, Qingdao Yuantong Machinery Co., Ltd. |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
