Global Tire Building Machinery Market 2019-2023

Global Tire Building Machinery Market 2019-2023

About this market

Tire building machinery manufacturers are using automation solutions to develop products with features such as high production output, high speed of production, consistent reliability, and flawless end-product quality. These machines can perform all these functions with minimal manpower and maintenance. Advancements in technology have also allowed the development of tire building machinery that are flexible to changes in market trends such as large tire dimensions and increase in sophistication of tire designs. Automation companies are expected to offer several automation solutions to tire building machinery vendors to increase their productivity and decrease their maintenance and supervision costs. Thus, the use of automation in ire building machinery will be a key trend driving market growth during the forecast period. Technavio’s analysts have predicted that the tire building machinery market will register a CAGR of almost 3% by 2023.

Market Overview

Increasing demand for replacement tires globally

Tires of passenger vehicles might have to be changed before the end of their life cycles due to factors such as changing consumer behavior, demand for seasonal tires, and tough road conditions. Tires of commercial vehicles have a short life span and must be replaced after the vehicle completes more than five years of service. Emerging markets as well as mature developed markets are witnessing an increasing demand for replacement tires. This have prompted tire manufacturers to increase the capacity of their existing plants to increase the tire production. This will create a demand for tire building machinery during the forecast period and thereby boost market growth.

Frequent changes in tire specifications

The increasing competition in the automotive industry have resulted in an increase in the total number of car models available in the market. Different automobile models use different sizes and pattern of automobile tires. Also, automobile manufacturers must follow stringent vehicular norms and changes tire specifications frequently to adhere to these rules. However, it is difficult for tire manufacturers to completely change tire building process to develop specific tires. Thus, the frequent changes in tire specifications acts as a roadblock to the growth of the tire building machinery market.

For the detailed list of factors that will drive and challenge the growth of the tire building machinery market during 2019-2023, view our report.

Competitive Landscape

The market appears to be fragmented and with the presence of several companies including Harburg-Freudenberger Maschinenbau, and LARSEN & TOUBRO the competitive environment is quite intense. Factors such as the growing demand for replacement tires globally, will provide considerable growth opportunities to tire building machinery companies. Harburg-Freudenberger Maschinenbau, LARSEN & TOUBRO, MITSUBISHI HEAVY INDUSTRIES, Shenyang Blue Silver Industry Automation Equipment, and TKH Group are some of the major companies covered in this report.


  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global tire plant and machinery market
      • Table Segments of global tire plant and machinery market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ millions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by application
    • Table Application - Market share 2018-2023 (%)
    • Comparison by application
      • Table Comparison by application
    • Passenger vehicle - Market size and forecast 2018-2023
      • Table Passenger vehicle - Market size and forecast 2018-2023 ($ millions)
      • Table Passenger vehicle - Year-over-year growth 2019-2023 (%)
    • Commercial vehicle - Market size and forecast 2018-2023
      • Table Commercial vehicle - Market size and forecast 2018-2023 ($ millions)
      • Table Commercial vehicle - Year-over-year growth 2019-2023 (%)
    • Market opportunity by application
      • Table Market opportunity by application
  • Customer landscape
    • Table Customer landscape
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ millions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • EMEA - Market size and forecast 2018-2023
      • Table EMEA - Market size and forecast 2018-2023 ($ millions)
      • Table EMEA - Year-over-year growth 2019-2023 (%)
    • Americas - Market size and forecast 2018-2023
      • Table Americas - Market size and forecast 2018-2023 ($ millions)
      • Table Americas - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
      • Table Cumulative prices of stainless steel 316 ($/tons) August 2017- May 2018
      • Table Impact of drivers and challenges
  • Market trends
    • Automation in tire building machinery
    • Growing adoption of IoT in tire manufacturing
    • Emergence of self-inflating tires (SITs)
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Harburg-Freudenberger Maschinenbau
      • Table Harburg-Freudenberger Maschinenbau - Vendor overview
      • Table Harburg-Freudenberger Maschinenbau - Organizational developments
      • Table Harburg-Freudenberger Maschinenbau - Key offerings
    • LARSEN & TOUBRO
      • Table LARSEN & TOUBRO - Vendor overview
      • Table LARSEN & TOUBRO - Business segments
      • Table LARSEN & TOUBRO - Organizational developments
      • Table LARSEN & TOUBRO - Geographic focus
      • Table LARSEN & TOUBRO - Segment focus
      • Table LARSEN & TOUBRO - Key offerings
    • MITSUBISHI HEAVY INDUSTRIES
      • Table MITSUBISHI HEAVY INDUSTRIES - Vendor overview
      • Table MITSUBISHI HEAVY INDUSTRIES - Business segments
      • Table MITSUBISHI HEAVY INDUSTRIES - Organizational developments
      • Table MITSUBISHI HEAVY INDUSTRIES- Geographic focus
      • Table MITSUBISHI HEAVY INDUSTRIES - Segment focus
      • Table MITSUBISHI HEAVY INDUSTRIES - Key offerings
    • Shenyang Blue Silver Industry Automation Equipment
      • Table Shenyang Blue Silver Industry Automation Equipment - Vendor overview
      • Table Shenyang Blue Silver Industry Automation Equipment - Business segments
      • Table Shenyang Blue Silver Industry Automation Equipment - Key offerings
    • TKH Group
      • Table TKH Group - Vendor overview
      • Table TKH Group - Business segments
      • Table TKH Group - Organizational developments
      • Table TKH Group - Geographic focus
      • Table TKH Group - Segment focus
      • Table TKH Group - Key offerings
  • Appendix
    • Research methodology
    • List of abbreviations
  • Explore Technavio

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