Automotive Tire Molds Global Market Report 2022: Focus on Sophisticated and Intelligent Tires Surges with the Emergence of EVs and AVs
Global Market for Automotive Tire Molds
Dublin, Nov. 02, 2022 (GLOBE NEWSWIRE) -- The "Automotive Tire Molds - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Automotive Tire Molds Market to Reach $1.8 Billion by 2027
Amid the COVID-19 crisis, the global market for Automotive Tire Molds estimated at US$1.4 Billion in the year 2020, is projected to reach a revised size of US$1.8 Billion by 2027, growing at a CAGR of 3.7% over the period 2020-2027. Segmented Molds, one of the segments analyzed in the report, is projected to record 5.1% CAGR and reach US$1.3 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Two-Piece Molds segment is readjusted to a revised 0.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $241.7 Million, While China is Forecast to Grow at 4.6% CAGR
The Automotive Tire Molds market in the U.S. is estimated at US$241.7 Million in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$500.6 Million by the year 2027 trailing a CAGR of 4.6% over the period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.4% and 2% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.5% CAGR.
Select Competitors (Total 30 Featured)
A-Z GmbH
Bridgestone Corporation
Continental AG
Dahmen Maschinen
u. Formenbau GmbH & Co. KG
Greatoo Intelligent Equipment Inc.
Hefei Avenue Mold co., Ltd.
HERBERT Tire Tooling GmbH & Co.KG
Himile Group Co., Ltd
King Machine
Shinko Mold Industrial Co., Ltd.
The Yokohama Rubber Co., Ltd
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
Recovery in Automotive Industry Post COVID-19 to Steer Demand
With the Industry Moving Past the Recovery Boom, Sluggish to Flat Growth in New Vehicle Sales Catalyzes the Automobile Market
Monthly New Vehicle Sales in the US: Jan 2020 - Feb 2021
PCR Tires and TBR Tires Fuel Tire Mold Market
3D Printing of Pattern Blocks
Focus on Development of Smart Tires Rises, Automation Gains Importance
Quicker Tire Size Changes and Rising Requirement for Greater Automation Impact the Industry
Focus on Sophisticated and Intelligent Tires Surges with the Emergence of EVs and AVs
Tire Industry Dynamics Influence Market Prospects
Need for Regular Replacement of Tires Augurs Well
Increasing Average Vehicle Age Instigates Tire Replacement Demand
Retreaded Tires Extend Another Growth Area
Bad Road Conditions & Rise in Automotive Accidents Mandate High-Quality Tires
Mold Advancements Support Airless Tire Manufacturing
Global Market for Airless Tires (In US$ Million) for the Years 2018 and 2024
Fuel Economy & Vehicular Emission Regulations Spur Design Improvements
Demographic Trends to Underpin Future Revenue Growth of Automotive Industry and Ancillary Markets
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
SPAIN
RUSSIA
REST OF EUROPE
ASIA-PACIFIC
AUSTRALIA
INDIA
SOUTH KOREA
REST OF ASIA-PACIFIC
LATIN AMERICA
ARGENTINA
BRAZIL
MEXICO
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/sp1r51
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