DUBLIN, Nov. 02, 2022 (GLOBE NEWSWIRE) — The “Car Tire Shapes – Global Market Development and Analysis” Report has been added ResearchAndMarkets.com Offer.
The global automotive tire mold market is projected to reach US$1.8 billion by 2027
Amid the COVID-19 crisis, the global automotive tire molds market valued at US$1.4 billion in 2020 is projected to reach a revised size of US$1.8 billion by 2027 and 1.8 billion in the period 2020 CAGR of 3.7% grow. 2027. Segmented Molds, one of the segments analyzed in the report, is expected to register 5.1% CAGR and reach $1.3 billion by the end of the analysis period. Assuming continued post-pandemic recovery, growth in Two-piece molds segment is adjusted at a revised annual growth rate of 0.7% for the next 7-year period.
The US market is valued at US$241.7 million while China is forecast to grow at 4.6% CAGR
The US automotive tire mold market is valued at US$241.7 million in 2020. China, the second largest economy in the world, is forecast to reach a projected market size of US$500.6 million by the year 2027, growing at a CAGR of 4.6% over the period 2020 to 2027. Other notable geographic markets include Japan and Canada forecasting growth of 1.4% and 2% respectively over the period 2020-2027. Within Europe, growth of approx. 1.5% CAGR is forecast for Germany.
Select competitors (total 30 featured)
- AZ Ltd
- Bridgestone Corporation
- Continental AG
- Dammen machines
- & Formenbau GmbH & Co. KG
- Greatoo…
