Market Forecast by Countries (Germany, United Kingdom, France, Italy, Russia, Spain, Rest of Europe), By Type (Mixing Machine/ Rubber Mixers, Calendaring Machine, Extrusion Machines, Multi Extrusion Lines, Inner Liner Lines, Extruders, Cooling Units, Cutting Machines), By Tire Type (Radial Tire, Bias Tire), By Application (Two-wheeler tires, Passenger Vehicle Tires, Hatchback, Sedan, Utility Vehicles, Light Commercial Vehicle Tires, Medium & Heavy Commercial Vehicle Tires, Off-road Vehicle Tires) And Competitive Landscape
Product Code: ETC397241 | Publication Date: Aug 2022 | Updated Date: Mar 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name | Europe Tire Machinery Market |
Forecast period | 2024-2030 |
CAGR | 4.5% |
Growing Sector | Automotive |
Europe Tire Machinery Market report thoroughly covers the market by countries, by type, by tire type, and by application. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The tire machinery market in Europe has been experiencing a steady growth over the years. With the automotive industry witnessing an upsurge in demand for tires, there is a significant need for advanced and efficient tire manufacturing machines. These machines play a crucial role in the production of high-quality tires with minimal defects. Moreover, the European Union's focus on reducing carbon emissions and promoting sustainable practices has led to a push for eco-friendly and energy-efficient tires. This presents an opportunity for tire machinery manufacturers to develop advanced equipment that can produce these eco-friendly tires efficiently.
According to 6Wresearch, the Europe Tire Machinery Market size is estimated to reach at a CAGR of 4.5% during the forecast period 2024-2030. The growing demand for passenger and commercial vehicles. As more people opt for private transportation, there is a rise in vehicle production, leading to an increased need for tires. This trend is expected to continue in the coming years, further fueling the demand for tire machinery in Europe.
Moreover, the stringent regulations imposed by the European Union regarding carbon emissions have also contributed to the growth of the tire machinery market. This has led to an increased focus on developing eco-friendly and energy-efficient tires, which require advanced machinery for production. The increasing emphasis on safety and performance of tires has also led to the adoption of advanced tire manufacturing technologies, further driving the Europe Tire Machinery Market growth. The growing demand for electric vehicles and sustainable transportation has opened up avenues for the development of innovative tire technologies. This creates an opportunity for manufacturers to invest in research and development of new and improved tire machinery that can cater to this evolving market.
European governments have introduced various initiatives aimed at promoting the development and use of eco-friendly tire technologies. These initiatives include tax incentives for companies investing in green technologies, stringent environmental regulations forcing manufacturers to adopt cleaner production methods, and substantial investments in research and development programs focused on sustainable tire solutions.
The Europe tire machinery market is dominated by several key players who are at the forefront of technology and innovation. Companies like Bosch Rexroth AG, Siemens AG, and HF TireTech Group are leading the market with their advanced tire manufacturing equipment, comprehensive solutions, and services for tire production.
The Europe tire machinery industry is poised for significant transformation. The increasing demand for electric vehicles, coupled with the stringent environmental regulations, is expected to drive the demand for advanced tire technologies and machinery. The industry is likely to see a shift towards the development of smart tires equipped with sensors for real-time data, enhancing vehicle safety and performance.
According to Shivankar, Research Manager, 6Wresearch, Germany stands out as the predominant growth leader. Renowned for its engineering prowess and home to some of the world's leading automotive manufacturers, Germany is driving innovation in tire machinery. The country's focus on efficiency, quality, and sustainability, along with its strong automotive sector.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Tire Machinery Market Overview |
3.1 Europe Regional Macro Economic Indicators |
3.2 Europe Tire Machinery Market Revenues & Volume, 2020 & 2030F |
3.3 Europe Tire Machinery Market - Industry Life Cycle |
3.4 Europe Tire Machinery Market - Porter's Five Forces |
3.5 Europe Tire Machinery Market Revenues & Volume Share, By Countries, 2020 & 2030F |
3.6 Europe Tire Machinery Market Revenues & Volume Share, By Type, 2020 & 2030F |
3.7 Europe Tire Machinery Market Revenues & Volume Share, By Tire Type, 2020 & 2030F |
3.8 Europe Tire Machinery Market Revenues & Volume Share, By Form, 2020 & 2030F |
4 Europe Tire Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Tire Machinery Market Trends |
6 Europe Tire Machinery Market, 2020-2030 |
6.1 Europe Tire Machinery Market, Revenues & Volume, By Type, 2020-2030 |
6.2 Europe Tire Machinery Market, Revenues & Volume, By Tire Type, 2020-2030 |
6.3 Europe Tire Machinery Market, Revenues & Volume, By Application, 2020-2030 |
7 Germany Tire Machinery Market, 2020-2030 |
7.1 Germany Tire Machinery Market, Revenues & Volume, By Type, 2020-2030 |
7.2 Germany Tire Machinery Market, Revenues & Volume, By Tire Type, 2020-2030 |
7.3 Germany Tire Machinery Market, Revenues & Volume, By Application, 2020-2030 |
8 United Kingdom Tire Machinery Market, 2020-2030 |
8.1 United Kingdom Tire Machinery Market, Revenues & Volume, By Type, 2020-2030 |
8.2 United Kingdom Tire Machinery Market, Revenues & Volume, By Tire Type, 2020-2030 |
8.3 United Kingdom Tire Machinery Market, Revenues & Volume, By Application, 2020-2030 |
9 France Tire Machinery Market, 2020-2030 |
9.1 France Tire Machinery Market, Revenues & Volume, By Type, 2020-2030 |
9.2 France Tire Machinery Market, Revenues & Volume, By Tire Type, 2020-2030 |
9.3 France Tire Machinery Market, Revenues & Volume, By Application, 2020-2030 |
10 Italy Tire Machinery Market, 2020-2030 |
10.1 Italy Tire Machinery Market, Revenues & Volume, By Type, 2020-2030 |
10.2 Italy Tire Machinery Market, Revenues & Volume, By Tire Type, 2020-2030 |
10.3 Italy Tire Machinery Market, Revenues & Volume, By Application, 2020-2030 |
11 Russia Tire Machinery Market, 2020-2030 |
11.1 Russia Tire Machinery Market, Revenues & Volume, By Type, 2020-2030 |
11.2 Russia Tire Machinery Market, Revenues & Volume, By Tire Type, 2020-2030 |
11.3 Russia Tire Machinery Market, Revenues & Volume, By Application, 2020-2030 |
12 Spain Tire Machinery Market, 2020-2030 |
12.1 Spain Tire Machinery Market, Revenues & Volume, By Type, 2020-2030 |
12.2 Spain Tire Machinery Market, Revenues & Volume, By Tire Type, 2020-2030 |
12.3 Spain Tire Machinery Market, Revenues & Volume, By Application, 2020-2030 |
13 Rest of Europe Tire Machinery Market, 2020-2030 |
13.1 Rest of Europe Tire Machinery Market, Revenues & Volume, By Type, 2020-2030 |
13.2 Rest of Europe Tire Machinery Market, Revenues & Volume, By Tire Type, 2020-2030 |
13.3 Rest of Europe Tire Machinery Market, Revenues & Volume, By Application, 2020-2030 |
14 Europe Tire Machinery Market Key Performance Indicators |
15 Europe Tire Machinery Market - Opportunity Assessment |
15.1 Europe Tire Machinery Market Opportunity Assessment, By Countries, 2020 & 2030F |
15.2 Europe Tire Machinery Market Opportunity Assessment, By Type, 2020 & 2030F |
15.3 Europe Tire Machinery Market Opportunity Assessment, By Tire Type, 2020 & 2030F |
15.4 Europe Tire Machinery Market Opportunity Assessment, By Application, 2020 & 2030F |
16 Europe Tire Machinery Market - Competitive Landscape |
16.1 Europe Tire Machinery Market Revenue Share, By Companies, 2020 |
16.2 Europe Tire Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
17 Company Profiles |
18 Recommendations |
19 Disclaimer |