Global Automotive Tire Mold Market 2018-2022

Overview of the automotive tire mold market

Technavio’s market research analysts have identified the increasing demand for SUV and premium vehicles to be one of the primary factors that will trigger the growth of the automotive tire mold market in the coming years. With the increasing shift in the consumer preference, the sales volume of high performance, premium vehicles, and SUVs are expected to grow. In recent times, customers are inclined to premium comfortable vehicles and on-board features. These factors will have a positive impact on the market in the next decade. NVH is an important element of vehicle design and has great significance for the new electronic premium vehicles. The tire quality and design innovation are key factors that will impact the NVH refinement in the cabin. Technavio’s market research analysts predict that this market will post a revenue more than USD 3800 million by 2022.

The growing use of 3D printing in the tire mold industry is one of the key trends in the automotive tire mold market. With the advent of 3D printing-enabled manufacturing technique, the tire mold development process can be optimized in terms of cost, time, and design accuracy. Moreover, 3D printing manufacturing process enables high design tolerances to build important features in the tire mold tread pattern area. This process gives the tire designers the flexibility to experiment with modernized features on their product.

Companies covered

The automotive tire mold market is fragmented due to the presence of several international and regional players. This industry research report provides an in-depth analysis of the competitive environment in the tire mold market among the leading vendors. Moreover, our analysts also provide key areas that the vendors should focus to sustain the competitive environment and gain maximum market share.

The report includes an analysis of a number of companies in this marketspace including -

• Continental
• Dahmen
• HERBERT Maschinenbau
• mk technology
• THE YOKOHAMA RUBBER

Segmentation by application and analysis of the automotive tire mold market

• Passenger vehicle
• Commercial vehicles

The passenger vehicle segment accounted for the major share of the tire mold market during 2017. During the forecast period, this segment will continue to grow steadily. The construction industry has witnessed an upward trend, which will generate higher demands for commercial road transportation.

Geographical segmentation and analysis of the automotive tire mold market

• Americas
• APAC
• EMEA

APAC accounted for the maximum shares of the tire mold market during 2017. Our analysts have predicted that APAC will witness steady growth in the next five years. The entry-level standard vehicles and mid-level vehicles are the two major segments that constitute the sales volume from APAC. The leading countries in this region contributing significant growth to the market are China, Japan, India, and Thailand.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global automotive tire mold market?
• What are the key market trends impacting the growth of the global automotive tire mold market?
• What are the challenges to market growth?
• Who are the key vendors in the global automotive tire mold market?
• What are the market opportunities and threats faced by the vendors in the global automotive tire mold market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global automotive tire mold market?

Technavio also offers customization on reports based on specific client requirement.