Tire Mold Market Report Forecast 2022-2028

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posted on 2 years ago — updated on 1 second ago

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The global Tire Mold market size is estimated to be worth US$ 1601.49 million in 2021 and is forecast to a readjusted size of US$ 1682.68 million by 2028 with a CAGR of 1.23% during the forecast period 2022-2028.

Tire Mold Market

The tire mold is a key part of the automotive industry. Tire molds are used to create tires for cars, trucks, and other vehicles. The molds are made from metal or plastic, and they come in a variety of sizes and shapes.

Report Sample includes:

-Table of Contents

- List of Tables & Figures

- Charts

-Research Methodology

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Tire molds are created through a process called injection molding. In this process, molten plastic or rubber is injected into a mold. The material is then allowed to cool and harden, creating the desired shape.

Segment Analysis:

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

By Company

The global major manufacturers of Tire Mold include Himile, Dynamic Design, Greatoo, Tianyang, Wantong, Hankook Precision Works, Anhui Wide Way Mold, King Machine, and AZ, etc. In terms of revenue, the global three largest players hold a 37.76% market share of Tire Mold in 2021.

Himile
Dynamic Design
Greatoo
Tianyang
Wantong
Hankook Precision Works
Anhui Wide Way Mold
King Machine
AZ
HERBERT
SeYoung TMS
HongChang
Shinko Mold Industrial

Segment by Type

Segmented Molds accounting for 84% of the Tire Mold global market in 2021, is projected to value US$ 1,433.14 million by 2028, growing at a revised CAGR of 1.44% from 2022 to 2028.While PCR segment is altered to an 1.76% CAGR throughout this forecast period.

Segmented Molds
Two-Piece Molds

Segment by Application

PCR
TBR
OTR
Others

Production by Region

North America Tire Mold market size was US$ 149.23 million in 2021, while Europe was US$ 321.73 million. The proportion of the North America was 9.32% in 2021, while Europe's percentage was 20.09%, and it is predicted that Europe market share will reach 19.30% in 2028, trailing a CAGR of 2.25% through the analysis period. As for the Asia, the notable markets are China, Japan and South Korea, CAGR is 1.76%, -0.44% and -0.02% respectively for the next 6-year period.