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The tire building machinery market size is forecast to increase by USD 109.3 million at a CAGR of 3.27% between 2023 and 2028. The global market is experiencing significant growth, driven by the increasing demand for replaced tires worldwide. Automation in tire building machinery is a notable trend, as manufacturers seek to increase efficiency and reduce labor costs. The radial tire segment, driven by rising automobile and passenger car sales, dominates the market. Additionally, frequent changes in tire specifications necessitate continuous innovation and adaptation in tire building technology. The global market is experiencing significant growth due to the increasing demand for new tires, particularly in the passenger car and light commercial vehicle segments. These factors, coupled with the growing automotive industry and rising consumer preference for fuel-efficient and high-performance tires, are expected to fuel market growth in the coming years. The tire building machinery market is expected to witness higher expansion, with key players focusing on technological advancements and strategic collaborations to stay competitive.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Opportunity/Restraints
10 Competitive Landscape
11 Competitive Analysis
12 Appendix
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