Market Forecast by Countries (United States, Canada), 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: ETC405907 | Publication Date: Aug 2022 | Updated Date: Feb 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 250 | No. of Figures: 50 | No. of Tables: 25 | |
Report Name |
North America Tire Machinery Market |
Forecast Period |
2025-2031 |
Forecast Size |
USD 3.8 billion by 2031 |
CAGR |
4.5% |
Growing Sector |
Manufacturing industry |
North America Tire Machinery Market report thoroughly covers the market By Countries, By type, by tire type, by application. The market 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.
North America Tire Machinery Market was valued at USD 2.5 billion and is expected to reach USD 3.8 billion, growing at a CAGR of around 4.5% from 2025 to 2031. The tire industry is a crucial part of the automotive sector, and it is constantly evolving with new technologies and innovations. The production of high-quality tires requires advanced machinery and equipment to meet the growing demand for safe and durable tires.
The North America tire machinery market is expected to witness significant growth in the forecast period of 2025-2031. The increasing demand for tires, driven by the growing automotive industry and rising consumer awareness towards safety and fuel efficiency, is a major factor contributing to the growth of this market. According to 6Wresearch, the North America Tire Machinery Market Size is expected to reach a significant CAGR of 4.5% during the forecast period 2025-2031.
The growth of the tire machinery market in North America is primarily driven by the rising production of automobiles in the region. Increased vehicle manufacturing has led to higher demand for tires, necessitating advanced tire production machinery. Government regulations and initiatives promoting sustainable transportation further support this growth, as manufacturers invest in efficient methods to reduce carbon emissions. Additionally, technological advancements in the tire industry, such as the development of smart and high-performance tires, have prompted manufacturers to adopt modern machinery to meet evolving demands. The market is also bolstered by rising disposable incomes and shifting consumer preferences toward durable, high-quality tires.
However, challenges persist, including the need for eco-friendly manufacturing processes, increasing competition from Asian countries like China, and fluctuating consumer preferences. Moreover, rising costs of raw materials and energy pose significant hurdles, potentially impacting manufacturers' profitability and competitiveness in the market.
A significant trend in the tire machinery market is the adoption of automation. The integration of advanced technologies, including artificial intelligence, machine learning, and robotics, has enhanced accuracy, speed, and flexibility in tire production. These advancements not only improve product quality but also reduce production costs and time-to-market. Another key development is the shift towards green tire technology. With increasing concerns about air pollution and the depletion of natural resources, manufacturers are focusing on eco-friendly machinery capable of producing tires using sustainable materials. Additionally, the growing popularity of electric vehicles and the demand for fuel-efficient tires have driven innovation in tire-building machines. These machines employ advanced techniques such as laser inspection and automated positioning, ensuring greater precision and durability in tire manufacturing. These trends highlight the industry's commitment to sustainability and technological advancement.
Investing in the North American tire machinery market offers significant opportunities for businesses seeking expansion or entry into new markets. Advancements in technology, coupled with a growing focus on sustainable and energy-efficient tire production, are driving demand for eco-friendly equipment. Government regulations and policies encouraging domestic manufacturing further bolster market growth, making it an attractive prospect for investors. With tire demand projected to rise steadily in the coming years, companies entering this market stand to achieve substantial returns on investment. Businesses are encouraged to explore the potential of the North American tire machinery market by adopting strategic approaches and forging effective partnerships. By doing so, they can position themselves for success in this dynamic industry while contributing to the region's economic development and sustainability objectives.
The tire machinery market in North America is intensely competitive, with several key players leading the industry. These companies consistently innovate and introduce advanced technologies to meet the rising demand for premium-quality tires. Prominent market leaders include Continental AG, Bridgestone Corporation, Michelin, Goodyear Tire & Rubber Company, and Pirelli & C. S.p.A., each maintaining a strong global presence and offering a diverse range of tire machinery products and services.
Other notable players in the market include Toyo Tire & Rubber Co., Ltd., Yokohama Rubber Co., Ltd., Sumitomo Rubber Industries, Ltd., and Hankook Tire & Technology Co., Ltd. These companies focus on expanding their product portfolios, investing in research and development, and forming strategic partnerships to sustain their competitive advantage. With growing demand for eco-friendly tires and technological advancements, these key players are poised to continue their dominance in the North American tire machinery market.
Government regulations are pivotal to the performance of markets, including the tire machinery market in North America. Heightened concerns over environmental impact and safety have prompted the implementation of stringent manufacturing and usage regulations for tires. For example, the U.S. Environmental Protection Agency (EPA) mandates tire labeling standards for fuel efficiency, wet traction, and treadwear, while Canada enforces carbon dioxide emission limits for passenger vehicle tires. These measures promote safer, eco-friendly tires and drive innovation among manufacturers. Consequently, the North American tire machinery market is poised for significant growth as companies adopt advanced technologies to meet regulatory requirements. Collaborative initiatives, such as tire recycling programs, further support sustainable market growth.
To remain competitive, companies must stay informed on regulatory updates and compliance strategies. The market’s future hinges on the ability of manufacturers to adapt and innovate, underpinned by continued efforts from both governments and industry stakeholders toward a sustainable trajectory.
The North America Tire Machinery market is projected to experience significant growth during the forecast period of 2025-2031. This growth is primarily driven by technological advancements, increasing demand for high-quality and efficient tires, and a surge in automotive production across the region. A major growth driver is the heightened focus on sustainability and green initiatives, prompting governments and regulatory bodies to enforce stringent regulations on tire manufacturing. As a result, manufacturers are investing in advanced machinery aimed at minimizing carbon emissions and waste.
Additionally, the rising adoption of electric vehicles is expected to increase tire demand, further stimulating the tire machinery market. Emerging trends, such as autonomous driving and smart connected vehicles, are also creating a need for tires with advanced features, thereby boosting the demand for innovative tire machinery. With its robust automotive industry and ongoing technological advancements, North America is set to remain a pivotal player in the global tire machinery market, supported by sustained investments in research and development.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
The United States is expected to hold a prominent share in the Tire Machinery market. This can be attributed to its large automotive industry and focus on technological advancements. Canada is also projected to have substantial growth in the market due to its strong presence in the mining and construction sectors.
According to Ravi Bhandari, Research Head, 6Wresearch, the Extrusion Machines segment is expected to lead in the North America Tire Machinery market. This can be attributed to the rising demand for highly automated and efficient machinery, coupled with advancements in technology.
Radial Tires are projected to dominate the market during the forecast period. This can be attributed to their superior performance and increasing demand for fuel-efficient tires.
Passenger Vehicle Tires are expected to hold a significant share in the North America Tire Machinery market. With the growing demand for passenger vehicles, particularly hatchbacks and sedans, there is an increased need for high-quality tires, thus driving the growth of this segment.
The market report has been segmented and sub-segmented into the following categories:
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 North America Tire Machinery Market Overview |
3.1 North America Regional Macro Economic Indicators |
3.2 North America Tire Machinery Market Revenues & Volume, 2021 & 2031F |
3.3 North America Tire Machinery Market - Industry Life Cycle |
3.4 North America Tire Machinery Market - Porter's Five Forces |
3.5 North America Tire Machinery Market Revenues & Volume Share, By Countries, 2021 & 2031F |
3.6 North America Tire Machinery Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 North America Tire Machinery Market Revenues & Volume Share, By Tire Type, 2021 & 2031F |
3.8 North America Tire Machinery Market Revenues & Volume Share, By Form, 2021 & 2031F |
4 North America Tire Machinery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 North America Tire Machinery Market Trends |
6 North America Tire Machinery Market, 2021 - 2031 |
6.1 North America Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
6.2 North America Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
6.3 North America Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
7 United States Tire Machinery Market, 2021 - 2031 |
7.1 United States Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
7.2 United States Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
7.3 United States Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
8 Canada Tire Machinery Market, 2021 - 2031 |
8.1 Canada Tire Machinery Market, Revenues & Volume, By Type, 2021 - 2031 |
8.2 Canada Tire Machinery Market, Revenues & Volume, By Tire Type, 2021 - 2031 |
8.3 Canada Tire Machinery Market, Revenues & Volume, By Application, 2021 - 2031 |
9 North America Tire Machinery Market Key Performance Indicators |
10 North America Tire Machinery Market - Opportunity Assessment |
10.1 North America Tire Machinery Market Opportunity Assessment, By Countries, 2021 & 2031F |
10.2 North America Tire Machinery Market Opportunity Assessment, By Type, 2021 & 2031F |
10.3 North America Tire Machinery Market Opportunity Assessment, By Tire Type, 2021 & 2031F |
10.4 North America Tire Machinery Market Opportunity Assessment, By Application, 2021 & 2031F |
11 North America Tire Machinery Market - Competitive Landscape |
11.1 North America Tire Machinery Market Revenue Share, By Companies, 2024 |
11.2 North America Tire Machinery Market Competitive Benchmarking, By Operating and Technical Parameters |
12 Company Profiles |
13 Recommendations |
14 Disclaimer |