TIRE CURING PRESS MACHINE MARKET ANALYSIS

Market Challenges And Opportunities

Increasing demand for green tires, owing to emission control is one of the major factors driving growth of the market

Increasing demand for green tire owing to emission control is one of the major factors driving growth of the global tire curing press machine market. Use of green tire in vehicles offer low rolling resistance and improved fuel efficiency, which further helps in decreasing emission from the vehicle. Therefore, such advantages of green tires is further expected to increase production of green tires in the near future. This factor in turn is expected to inadvertently increase demand for tire curing press machine. Furthermore, tire curing press machine does not require regular maintenance, which helps to reduce overall operational and maintenance cost. Therefore, all these factors contribute to growth of the tire curing press machine market over the forecast period.

 However, lack of awareness among the manufacturer about the benefits of tire curing press machine is one of the factors hampering growth of the tire curing press machine market.