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Tire Machinery Market Size Outlook: How Quickly Will Revenue Expand Through 2030?
The tire machinery market size has grown steadily in recent years. It will grow from $2.65 billion in 2025 to $2.76 billion in 2026 at a compound annual growth rate (CAGR) of 3.9%. The growth in the historic period can be attributed to expansion of automotive production, growth of global tire demand, investments in large-scale tire plants, availability of rubber processing machinery, adoption of semi-automated systems.
The tire machinery market size is expected to see steady growth in the next few years. It will grow to $3.3 billion in 2030 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increasing demand for ev-compatible tires, rising investments in advanced manufacturing, expansion of aircraft and agricultural tire production, growing focus on production efficiency, digital integration of factory operations. Major trends in the forecast period include increasing automation of tire manufacturing lines, rising adoption of smart tire building machines, growing use of robotics in tire plants, expansion of radial tire production capacity, enhanced process quality control.
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Tire Machinery Market Demand Drivers Opening New Revenue Streams
The rising demand for automobiles is expected to propel the growth of the tire machinery market going forward. Automotive manufacturing refers to the industry that includes designing, building, supplying, and selling automobiles. The automobile would require tires that provide increased durability, strength, and longevity, thus tire machinery helps businesses to manufacture the required tires with greater efficiency and lower investments. For instance, in March 2024, according to Statistics Canada, a Canada-based government agency, in 2023, there were 1,714,356 new motor vehicle registrations in Canada, a 13.4% increase from 2022. Therefore, the rising demand for autonomous vehicles is driving the growth of the tire machinery market.
Tire Machinery Market Segment Outlook: Which Categories Are Growing Fastest?
The tire machinery market covered in this report is segmented –
1) By Machine Type: Mixing Machine Or Rubber Mixers, Calendaring Machine, Extrusion Machine, Multi Extrusion Lines, Inner Liner Lines, Extruders, Cooling Units, Cutting Machines, Textile Cord Cutting Lines, Other Machinery Types
2) By Tire Type: Radial Tire, Bias Tire
3) By Industry Vertical: Automotive, Agriculture, Aircraft, Other Verticals
Subsegments:
1) By Mixing Machine Or Rubber Mixers: Internal Mixers, External Mixers
2) By Calendaring Machine: Hot Calendaring Machines, Cold Calendaring Machines
3) By Extrusion Machine: Single Screw Extruders, Twin Screw Extruders
4) By Multi Extrusion Lines: Multi-Layer Extrusion Lines, Co-Extrusion Lines
5) By Inner Liner Lines: Inner Liner Extrusion Machines, Liner Curing Machines
6) By Extruders: Thermoplastic Extruders, Rubber Extruders
7) By Cooling Units: Water-Cooled Units, Air-Cooled Units
8) By Cutting Machines: Automatic Cutting Machines, Manual Cutting Machines
9) By Textile Cord Cutting Lines: Automated Cord Cutting Lines, Manual Cord Cutting Systems
10) By Other Machinery Types: Curing Presses, Bead Winding Machines, Inspection Machines
Tire Machinery Market Trends Powering Strategic Industry Growth
Major companies operating in the tire machinery market are developing new products such as high-speed tire pressure testing systems to gain a competitive edge in the market. A high-speed tire pressure testing system is a specialized equipment designed to assess and measure the pressure of tires at high speeds. For instance, in March 2023, Tekscan Inc., a US-based company specializing in thin-film pressure and force sensors, launched a high-speed tirescan. This system measures dynamic contact patch pressure (DCPP) information from a tire running on a flat track or drum test machine precisely, consistently, and efficiently. It does this by capturing the impact of speed, motion, and inertial forces on a tire at speeds up to 265 km/h (165 mph). It is intended to record and examine tire behavior at fast speeds, offering insightful information for the automotive industry’s research, manufacturing, quality assurance, and product design.
Tire Machinery Market Leading Companies And Competitive Benchmarking
Major companies operating in the tire machinery market report include Guilin Zhonghao Mechanical & Electrical Equipment Co Ltd., All Well Industry Co Ltd., Larsen & Toubro Limited, Kobe Steel Ltd. (Kobelco), Harburg-Freudenberger Maschinenbau GmbH, MESNAC Co Ltd., Davis Standard LLC, Erhardt+Leimer GmbH, Troester GmbH & Co KG, VMI Holland BV., NFM Welding Engineers Inc., KONŠTRUKTA-TireTech a.s., Bartell Machinery Systems LLC, Farrel Corporation, Shun Cheong Machinery Co Ltd., Pelmar Group, Nakata Engineering Co Ltd., HERBERT Maschinenbau GmbH & Co KG, Jing Day Machinery Industrial Co Ltd., AS Tyre Machines, HF Tire Tech Group, Qingdao Guangyue Rubber Machinery Manufacturing Co Ltd., Slach Hydratecs Equipment Pvt Ltd., Yiyang Rubber & Plastics Machinery Group Co Ltd., Zhangjiagang Carenovo Technology Co Ltd., Nanjing Mixer Industrial Co Ltd., Goldhawk Forming Machinery Co Ltd., Santosh Rubber Machinery Pvt Ltd., Wuxi Double Elephant Rubber & Plastics Machinery Co Ltd.
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Tire Machinery Market Regional Breakdown: Where Is Demand Concentrated?
Asia-Pacific was the largest region in the tire machinery market in 2025. The regions covered in the tire machinery market report include Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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