Hydraulic Tyre Vulcanizer Market Size, Share, Growth, and Industry Analysis, By Type (AFV, BOM, AVBO), By Application (Car Tire, OTR Tire, Others) Regional Forecast From 2024 To 2031

Updated On: 22 April 2024

Hydraulic Tyre Vulcanizer Market Report Overview

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The global hydraulic tyre vulcanizer market size was US$ 1063.1 million in 2023. As per our research, the market is projected to touch USD 1434 million by 2031, exhibiting a CAGR of 3.8% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with the hydraulic tyre vulcanizer Market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to market’s growth and demand returning to pre-pandemic levels.

There are different types of vulcanizing presses, one of which is the hydraulic vulcanizing press. When the hydraulic curing press is in use, the lifting cylinder drives the upper die to rise along the guiding column to create a cavity in the frame, the tyre loading device turns in to load the tyre, the upper and lower rings of the central mechanism rise, the tyre embryo is positioned, the tyre loading device unloads the tyre and then withdraws, the lifting cylinder drives the upper die to descend along the guiding column to close the mold, and the necessary closing force is applied.

COVID-19 Impact: Imposed Restrictions in the Economy Resulted in Decline in the Market

The COVID-19 outbreak caused temporary business closures as well as supply chain and manufacturing disruptions, which in turn reduced the development of telecom infrastructure and had a negative effect on the sales and marketing efforts of rugged phone companies competing in the market. The effects were severe, particularly for startups and small- to medium-sized businesses operating in this industry. Companies did, however, make a lot of restructuring efforts to address the supply chain difficulties and improve collaboration with suppliers and partners to lessen the negative market impact.

LATEST TRENDS

"Growth of the market in recent years"

A standard tyre, including body plies, steel belts and bead bundle, are used in the tyre vulcanizer. Once these parts have been assembled by a tire-building machine, the general proportions and shape of a tyre begin to take shape. However, the tyre is only constructed of pliable rubber because the various parts are only tenuously attached. Like how a tire's traction patterns and marks are moulded on by a curing machine, a waffle iron works similarly. The process of vulcanizing involves heating the tire's component parts to join them together. After this process, there are numerous finishing treatments. Once the tyre has through a series of standard inspections, the manufacturing process is complete.

Hydraulic Tyre Vulcanizer Market Segmentation

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• By Type

Based on type the Global Hydraulic Tyre Vulcanizer Market is classified as AFV, BOM, AVBO.

• By Application

Based on application the Global Hydraulic Tyre Vulcanizer Market is classified as Car Tire, OTR Tire, Others.

DRIVING FACTORS

"The Utilization as a Catalyst to Boost the Market Growth "

The expansion of the automobile industry is closely related to the demand for hydraulic tyre vulcanizers. The demand for vulcanizing equipment to maintain and repair tyres rises as the automobile industry expands internationally. There is a constant need for vulcanizing services and equipment as a result of increased tyre wear and tear caused by the growing number of vehicles on the road. Several of the factors that fuel the increased need for fuel economy and lower carbon emissions are predicted to fuel product demand throughout the course of the projection period. However, it is anticipated that the high price of low vulcanizer tyres will impede market growth over the forecast period.

"Extensive Application in Laundering Process to Multiply the Production and Market Growth"

Vehicle owners and fleet managers are very concerned about safety. Longer tyre life and better vehicle performance are guaranteed with proper tyre care through vulcanization. The need for sophisticated vulcanizing machinery to process these tyres develops as tyre makers create new tyre materials and tyre designs. Additionally, the market is predicted to profit from rising consumer demand for fuel-efficient cars as well as increased environmental awareness and a tendency towards resource conservation throughout the course of the forecast period.

RESTRAINING FACTORS

"Several Challenges Associated with the Local Irritation to Restrain the Market"

The adoption of hydraulic tyre vulcanizers may be constrained by the high cost of installation and purchase, particularly for small-scale tyre care companies. Some tyre users choose tyre retreading, a technique that can lengthen the life of a tyre, as opposed to vulcanizing. This might influence the market for new vulcanizers. Chemicals and heat can be used during vulcanization operations, which could cause environmental issues and increase scrutiny and laws. After this process, there are numerous finishing treatments. Once the tyre has through a series of standard inspections, the manufacturing process is complete. The market for tyre vulcanizers is expected to grow significantly over the forecast period.

Hydraulic Tyre Vulcanizer Market Regional Insights

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"North American Region to Dominate the Market with Extensive Utilization and Multiplying Manufacturers"

Significant economic expansion in this area has raised the demand for tire-related services, including vulcanization, as well as the sales of automobiles. The demand for tire-related services, including the requirement for vulcanizing equipment, is projected to expand as vehicle ownership rises in these areas. The demand for tyre vulcanizers is fueled by these regions' well-established automotive industries, which place a high priority on safety and maintenance. United States, Canada, and Mexico in North America; Germany, France, United Kingdom, Russia, Italy, Spain, Turkey; Netherlands, Switzerland; Belgium; Rest of Europe; Singapore; Malaysia; Australia; Thailand; Indonesia; Philippines; China; Japan; India; South Korea; Rest of Asia-Pacific (APAC); Saudi Arabia; United Arab Emirates; South Africa; and Egypt; are the nations covered in the regional analysis of the Global Tyre Vulcanizer market report.

KEY INDUSTRY PLAYERS

"Financial Players to Contribute Towards Expansion of Market"

This market is extremely competitive and consists of various global and regional players. Major players are involved in strategizing various plans such as mergers and acquisitions, partnerships, introduction of new and enhanced products, along with joint ventures. The report is extensive research of a list of market players who contribute towards the expansion of the market. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and others. Other factors such as regional wise analysis and segment wise analysis are also considered to understand the market share, product growth, revenue growth and others during the forecasted period.

List of Market Players Profiled

• Kobelco (Japan)
• ThyssenKrupp (Germany)
• McNeil & NRM (US)
• Mitsubishi (Japan)
• Guilin Rubber Machinery (China)
• Fujian Sino-Rubber Machinery (China)
• HF Group (China)
• Continental FMF (Germany)
• Greatoo Inc. (China)
• Herbert (UK)
• Yiyang Rubber & Plastics Machinery Group (China)
• Guangzhou SCUT Bestry Technology (China)
• Hua’ao Tyre Equipment Technology (China)
• Doublestar Group (China)
• Shandong Linglong (China)

REPORT COVERAGE

The SWOT analysis and information on future developments are covered in the study. The research report includes a study of several factors that promote market growth. This section also covers the range of numerous market categories and applications that could potentially affect the market in the future. The specifics are based on current trends and historical turning points. The state of the market's components and its potential growth areas over the following years. The paper discusses market segmentation information, including subjective and quantitative research, as well as the impact of financial and strategy opinions. Additionally, the research disseminates data on national and regional assessments that take into account the dominant forces of supply and demand that are influencing market growth. The competitive environment, including market shares of significant competitors, is detailed in the report along with fresh research methodology and player strategies for the anticipated time.