Tire Testing Machine Market: Global Industry Analysis and Forecast (2023-2029)

Tire Testing Machine Market is anticipated to reach US$ 675.80 Mn by 2029 from US$ 489.99 Mn in 2022 at a CAGR of 4.7% during a forecast period.
Tire Testing Machine Market Overview
The market is segmented based on product type, distribution channel, and vehicle type.To know about the Research Methodology :- Request Free Sample Report
Tire Testing Machine Market Dynamics
The need for tire balancing testing in automobile service centers and tire manufacturing is driving up demand for tire testing machines. To move smoothly at high speeds, a tire's mass must be balanced with the wheel assembly. To allow fast examination of tire safety characteristics, manufacturers are concentrating on enhancing their product lines and offering regular improvements to their tire testing technologies. A&D Company, for example, launched a new flat belt tire testing equipment in 2022 with a load-carrying capacity of up to 12kN, a speed of up to 1,750rpm, and 6DOF testing.

With the growth of smart factories and the digital era, tire testing vendors are ramping up their machinery to meet changing market demand. Due to the rapid rate of change encountered by tire makers, tire machinery manufacturers are investing more in R&D, growing quickly in technology, and delivering customized automated solutions for optimum production to their clients. The result of increased automation to eliminate human mistakes for tire manufacturers is expected to drive the market for the tire testing machine market.

Automatic tire testing devices enable quicker cycling times, more production, less reliance on manpower, shorter lead times, fewer mistakes, and significant benefits to both the owner and the end-user. Every year, about 150,000 tires are evaluated at each big tire manufacturing business, according to top tire maker, Continental AG. When combined with the worldwide tire manufacturing rate, which steadily grows 3-4 percent per year, testing machines on a massive scale will be necessary to fulfill the ever-increasing demand. The expanding automobile production and aerospace fleet have a favorable influence on tire manufacture as well.
Tire Testing Machine Market Segment Analysis
By Machine Type, the global market for tire testing machines is now dominated by tire force and measurement machines. These devices are critical in determining tire characteristics before they are run on the track. There is a lot of activity on the supplier side in terms of machine development. Segments growth is being fueled by demand from motorsports, electric vehicles, and airplanes.

By Vehicle Type, Four-wheelers, which include passenger cars, racing, and heavy commercial vehicles, account for the majority of worldwide automobile output. In 2021, 92 million passenger and commercial vehicles were sold worldwide. With expanding population and automotive commercial activities such as taxi services, ride-sharing, and electrification, this application type is expected to have plenty of chances to meet growing demand.
Regional Insights
North America was the largest market, accounted xx% of the market share in 2022. MTS Systems Corp, Ametek Inc, and Calspan Corporation, among others, are based in the United States and serve tire manufacturers, car OEMs, and the aerospace sector. According to the National Highway and Traffic Safety Administration, there is significant scope for product development in the country, which is underpinned by regulatory norms such as the FMVSS 119, which are North American criteria (NHTSA)

In addition, the country's economy has been aided by increased automobile production. According to the China Association of Automobile Manufacturers, China produced and sold 2.201 and 2.12 million vehicles in July 2021, respectively. China is expected to offer attractive opportunities for tire testing equipment sales as the country's population grows. Many tire testing equipment manufacturers from the United States and Europe, as well as automobile OEMs, have established production facilities in China. Similarly, the growth of tire testing machines in Japan is having a beneficial influence on market growth. Tire manufacturers headquartered in the country, such as Sumitomo Tires and Bridgestone Tires, have a substantial supply base in the country.

India is also expected to hold a considerable share in the global market during the forecast period. Defense vehicles, laboratories, and, most notably, tire retailers and specialist shops utilize testing devices. According to the India Brand Equity Foundation (IBEF), growing middle-class income is a major driver of vehicle sales in India. India is expected to overtake top automobile production countries such as Germany and Japan by 2022, according to the IBEF. With the growth of the automobile industry, India is expected to provide a favorable environment for the sale of tire testing equipment.

The objective of the report is to present a comprehensive analysis of the global Tire  market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the global Tire testing machine market dynamics, structure by analyzing the market segments and project the global Tire testing machine market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Tire testing machine market make the report investor’s guide.
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Tire Testing Machine Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
4.7%
US$ 489.99 Mn
US$ 675.80 Mn


Segments Covered


by Product Type
Flat belt tire test machine
Rolling resistance test rig
Dynamic patch test rig
Tire balancing machine
by Application
Dynamic stiffness
Wear resistance
Durability and endurance
Wheel balancing
by Vehicle Type
Two Wheelers Tire Testing Machine
Four Wheelers Tire Testing Machine
by Operation
Automatic Tire Testing Machine
Manual Tire Testing Machine


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players:
1. MTS Systems Corporation
2. A&D Technology
3. Burke Porter Group
4. AMETEK, Inc
5. TMSI LLC
6. Kistler Group
7. Kobelco Technology
8. Kokusai Co. Ltd
9. ZF Friedrichshafen AG
10. Zwick Roell LP
11. Calspan Corporation
12. Qingdao GaoCe Technology Co., LTD
13. Leonardo Automation
14. Tianjin Jiurong Wheel Tech
15. VMI Holland
16. Lumenera Corporation
Frequently Asked Questions
1. What is the projected market size & growth rate of Global Tire Testing Machine Market?
Ans- Tire Tire Testing Machine Market is anticipated to reach US$ 675.80 Mn by 2029 from US$ 489.99 Mn in 2022 at a CAGR of 4.7% during a forecast period.

2. What is the key driving factor for the growth of Global Tire Testing Machine Market?
Ans- The need for tire balancing testing in automobile service centers and tire manufacturing is driving up demand for tire testing machines.

3. Which Region accounted for the largest Global Tire Testing Machine Market share?
Ans- North America was the largest market, accounted xx% of the market share in 2022.

4. What makes China a Lucrative Market for Global Tire Testing Machine Market?
Ans- Many tire testing equipment manufacturers from the United States and Europe, as well as automobile OEMs, have established production facilities in China.

5. What are the top players operating in Global Tire Testing Machine Market?
Ans- MTS Systems Corporation, A&D Technology, Burke Porter Group, AMETEK, Inc, TMSI LLC, Kistler Group, Kobelco Technology, Kokusai Co. Ltd, ZF Friedrichshafen AG, and Zwick Roell LP.