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.Tire Testing Machine MarketTo 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.

Tire Testing Machine Market Scope: Inquire before buying

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.
1. Global Tire Testing Machine Market: Research Methodology 2. Global Tire Testing Machine Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Tire Testing Machine Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Tire Testing Machine Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Tire Testing Machine Market Segmentation 4.1 Global Tire Testing Machine Market, by Product Type (2022-2029) • Flat belt tire test machine • Rolling resistance test rig • Dynamic patch test rig • Tire balancing machine 4.2 Global Tire Testing Machine Market, by Application (2022-2029) • Dynamic stiffness • Wear resistance • Durability and endurance • Wheel balancing 4.3 Global Tire Testing Machine Market, by Vehicle Type (2022-2029) • Two Wheelers Tire Testing Machine • Four Wheelers Tire Testing Machine 4.4 Global Tire Testing Machine Market, by Operation (2022-2029) • Automatic Tire Testing Machine     • Manual Tire Testing Machine  5. North America Tire Testing Machine Market(2022-2029) 5.1 North America Tire Testing Machine Market, by Product Type (2022-2029) • Flat belt tire test machine • Rolling resistance test rig • Dynamic patch test rig • Tire balancing machine 5.2 North America Tire Testing Machine Market, by Application (2022-2029) • Dynamic stiffness • Wear resistance • Durability and endurance • Wheel balancing 5.3 North America Tire Testing Machine Market, by Vehicle Type (2022-2029) • Two Wheelers Tire Testing Machine • Four Wheelers Tire Testing Machine 5.4 North America Tire Testing Machine Market, by Operation (2022-2029) • Automatic Tire Testing Machine     • Manual Tire Testing Machine  5.5 North America Tire Testing Machine Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Tire Testing Machine Market (2022-2029) 6.1. European Tire Testing Machine Market, by Product Type (2022-2029) 6.2. European Tire Testing Machine Market, by Application (2022-2029) 6.3. European Tire Testing Machine Market, by Vehicle Type (2022-2029) 6.4. European Tire Testing Machine Market, by Operation (2022-2029) 6.5. European Tire Testing Machine Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Tire Testing Machine Market (2022-2029) 7.1. Asia Pacific Tire Testing Machine Market, by Product Type (2022-2029) 7.2. Asia Pacific Tire Testing Machine Market, by Application (2022-2029) 7.3. Asia Pacific Tire Testing Machine Market, by Vehicle Type (2022-2029) 7.4. Asia Pacific Tire Testing Machine Market, by Operation (2022-2029) 7.5. Asia Pacific Tire Testing Machine Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Tire Testing Machine Market (2022-2029) 8.1 Middle East and Africa Tire Testing Machine Market, by Product Type (2022-2029) 8.2. Middle East and Africa Tire Testing Machine Market, by Application (2022-2029) 8.3. Middle East and Africa Tire Testing Machine Market, by Vehicle Type (2022-2029) 8.4. Middle East and Africa Tire Testing Machine Market, by Operation (2022-2029) 8.5. Middle East and Africa Tire Testing Machine Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Tire Testing Machine Market (2022-2029) 9.1. South America Tire Testing Machine Market, by Product Type (2022-2029) 9.2. South America Tire Testing Machine Market, by Application (2022-2029) 9.3. South America Tire Testing Machine Market, by Vehicle Type (2022-2029) 9.4. South America Tire Testing Machine Market, by Operation (2022-2029) 9.5. South America Tire Testing Machine Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 MTS Systems Corporation 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 A&D Technology 10.3 Burke Porter Group 10.4 AMETEK, Inc 10.5 TMSI LLC 10.6 Kistler Group 10.7 Kobelco Technology 10.8 Kokusai Co. Ltd 10.9 ZF Friedrichshafen AG 10.10 Zwick Roell LP 10.11 Calspan Corporation 10.12 Qingdao GaoCe Technology Co., LTD 10.13 Leonardo Automation 10.14 Tianjin Jiurong Wheel Tech 10.15 VMI Holland 10.16 Lumenera Corporation
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