QYResearch: The global market scale of tyre curing press is expected to reach 1026.87 million USD by 2022

Tyre Curing Press, (Tire Curing Press in America), is a kind of machine which is used in the vulcanization process of tyre production.
There are two generic curing press types, mechanical and hydraulic. Mechanical presses hold the mold closed via toggle linkages, while hydraulic presses use hydraulic oil as the prime mover for machine motion, and lock the mold with a breech-lock mechanism. Hydraulic presses have emerged as the most cost-effective because the press structure does not have to withstand the mold-opening pressure and can therefore be relatively lightweight. There are two generic mold types, two-piece molds and segmental molds

The development of the automobile industry led the rapid development of the tyre curing press market from 2011 to 2014 and the growth rate arrived at the highest point in 2014 at 25.34%. However, the market of tyre has become to decease since 2015 in China and only increase a bit in some other regions. China is the largest production country of tyre curing press and the surplus productivity problem is becoming more serious, thus the market of tyre curing press has been decreased accordingly since 2015. According to QYResearch, The global market scale of tyre curing press was 1089.39 million dollars in 2016. It is expected to reach 1010.67 million dollars by 2017 and 1026.87 million dollars by 2022, with the CAGR of 0.32%.

HF TireTech Group, Kobe Steel and MHIMT captured the top three global revenue share spots in the tyre curing press market in 2016. HF TireTech Group dominated with 8.47 percent revenue share, followed by Kobe Steel with 7.13 percent revenue share and MHIMT with 6.50 percent revenue share.

The production of Tyre Curing Press was largest in China in 2016, which accounts for 41.87% of the market. Europe is the second large production area with 19.79% in 2016 while India is the third largest with 12.16% in 2016. In terms of consumption, China is the largest market because of the fast development of automobile industry.

Although the market competition of Tyre Curing Press is fierce globally, there are many enterprises can obtain considerable profit form the manufacturing and marketing of Tyre Curing Press and that is the reason that we believe there will also be enterprises enter this market. But it is suggested that enterprises those have plans to enter this industry have careful analysis of this market and the advantages or disadvantages of themselves.

More Info: http://www.qyresearchglobal.com/goods-1398150.html

This article was first released by QYResearch, if reproduced, please indicate the source.
Marketing: sales@qyresearch.com
Media Contact: press@qyresearch.com