Insight by Abdul Wasay, Chief Operating Officer at The Business Research Company
In response to fluctuating tariffs and geopolitical trade developments, the Tire Machinery Market Outlook 2025 analyses how businesses are adapting through supply chain diversification and strategic sourcing.
What Is the Forecasted Market Size and CAGR for the Tire Machinery Market?
The global market size of tire machinery has been experiencing steady expansion in prior years. Its size is projected to rise from $2.59 billion in 2024 to $2.65 billion in 2025, suggesting a compound annual growth rate (CAGR) of 2.6%.
What Is the Forecasted CAGR for the Tire Machinery Market by 2029?
By the year 2029, the global tire machinery market size is projected to be $3.14 billion, with a compound annual growth rate (CAGR) of 4.3%.
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What Are the Market Drivers in the Tire Machinery Industry?
The key drivers in the tire machinery market are:
• Growth in electric vehicles and sustainable tire manufacturing
• Integration of smart manufacturing and Industry 4.0 concepts
• Increasing emphasis on circular economy principles
• Global infrastructure development and rise in commercial fleets
What Is the Segment-Wise Breakdown of the Tire Machinery Market?
The tire machinery market covered in this report is segmented –
1) By Machine Type: Mixing Machine Or Rubber Mixers, Calendaring Machine, Extrusion Machine, Multi Extrusion Lines, Inner Liner Lines, Extruders, Cooling Units, Cutting Machines, Textile Cord Cutting Lines, Other Machinery Types
2) By Tire Type: Radial Tire, Bias Tire
3) By Industry Vertical: Automotive, Agriculture, Aircraft, Other Verticals
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Which Emerging Trends Are Driving Growth in the Tire Machinery Sector?
The key trends in the tire machinery market are:
• The integration of robotics and automation in tire production is a key emerging trend.
• The market is also seeing an increased focus on tire testing and quality control systems.
• Intelligent tire manufacturing platforms are gaining prominence in the sector.
• The adoption of 3D printing technology in tire prototyping and development of tire recycling and retreading equipment are notable trends.
Which Companies Are Dominating the Tire Machinery Market in Terms of Revenue?
Major players in the tire machinery market are:
• Guilin Zhonghao Mechanical & Electrical Equipment Co Ltd.
• All Well Industry Co Ltd.
• Larsen & Toubro Limited
• Kobe Steel Ltd. (Kobelco)
• Harburg-Freudenberger Maschinenbau GmbH
• MESNAC Co Ltd.
• Davis Standard LLC
• Erhardt+Leimer GmbH
• Troester GmbH & Co KG
• VMI Holland BV.
• NFM Welding Engineers Inc.
• KONŠTRUKTA-TireTech a.s.
• Bartell Machinery Systems LLC
• Farrel Corporation
• Shun Cheong Machinery Co Ltd.
• Pelmar Group
• Nakata Engineering Co Ltd.
• HERBERT Maschinenbau GmbH & Co KG
• Jing Day Machinery Industrial Co Ltd.
• AS Tyre Machines
• HF Tire Tech Group
• Qingdao Guangyue Rubber Machinery Manufacturing Co Ltd.
• Slach Hydratecs Equipment Pvt Ltd.
• Yiyang Rubber & Plastics Machinery Group Co Ltd.
• Zhangjiagang Carenovo Technology Co Ltd.
• Nanjing Mixer Industrial Co Ltd.
• Goldhawk Forming Machinery Co Ltd.
• Santosh Rubber Machinery Pvt Ltd.
• Wuxi Double Elephant Rubber & Plastics Machinery Co Ltd.
What Are the Regions Driving Demand in the Tire Machinery Market?
Asia-Pacific was the largest region in the tire machinery market in 2024
