The global tire curing press market is anticipated to grow at a moderate rate i.e., 4.5% CAGR during 2021-2027 owing to rising demand for durable tires along with growth in automotive manufacturing in the APAC region. Furthermore, the collaborative integration of several functions, easy-to-service structure, technological up-gradation, and increased investments by the manufacturers will provide substantial growth in the tire curing process globally. The tire curing process is an important and vital part of several industries like automotive and aviation.

Also, the rising use of rubber additives, adoption in various vehicles like passenger cars, LCV, and HCV as it has the ability to mold and produce tires will propel the growth of the market. Nevertheless, the growth in the tire recycling process, technological development like cloud model, increased per capita disposable income in countries like India and China, increased demand for eco-friendly tires will create opportunities for growth in the tire curing press market.

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Based on type, the global tire curing press market is segregated into mechanical tire curing, hydraulic tire curing, and hybrid tire curing. Hydraulic tire curing contributes to the largest share in the market owing to its smooth operation and generates less noise in the curing process as compared to the mechanical tire curing process. Moreover, the hydraulic curing process needs less maintenance, is easy to operate, and requires less floor space.

Asia-Pacific is anticipated to have significant growth during the forecast period owing to the growth in the automotive and tire recycling industry. Furthermore, the fast-growing population in countries like China and India, enhanced economic conditions in Thailand, India, and Vietnam, increased investment will propel the growth of the tire curing press market.

Rubber Machinery and Fujian Tianhua are significant bases and backbone firms for rubber machinery R&D, manufacturing, and export in China. They have great tire curing press technologies that are exported all over the world and are employed by a variety of domestic and international tire producers.

Yiyang Rubber & Plastics Machinery delivered 16 sets of new 65-inch mechanical-hydraulic tire curing presses to a large Chinese tire manufacturer's first overseas factory in April 2021. The curing presses were used to make the first tire for the company's initiative, which aims to create 2 million all-steel radial tires each year. Guilin Rubber Machinery members acted as live streamers in mid-March, utilizing laptop computers and mobile phones to describe a new curing press from the fixed and mobile views, respectively. Guilin Rubber Machinery developed and optimized this all-steel hydraulic tire curing press according to relevant specifications for an international customer who was developing new tires with unusual structures.

The prominent players in the tire curing press industry include Larsen & Toubro Limited, AMCL Machinery Ltd., CIMA IMPIANTI S.p.a., ContiTech AG, Greatoo Intelligent, Guilin Rubber Machinery Co. Ltd., Harburg-Freudenberger Maschinenbau GmbH, McNeil and NRM Inc., Rogers Industrial Products Inc. and Mitsubishi Heavy Industries Ltd.

Source: VynZ Research