The Tire Testing Machine Market was estimated around USD 312 million in 2020 and predicted to grow at a robust CAGR over the forecast period (2021-2028).

The factors driving growth of the Tire Testing Machine Market includes rise in the number of smart factories around the world, increasing focus of companies on automating automobile production, Strict regulations imposed by Government regarding vehicles safety, and improvements in the living standards. Automotive tire testing device enables faster cycling times, enhances production, minimizes the dependency on labour, improves productivity and reduces the lead time, are some of the features pushing the Tire Testing Machine Market Share. Moreover, growing adoption of advanced technologies by manufacturers, rise in the production of commercial vehicles, increase in the launch of innovative products and rapid urbanization, are some of the additional factors supplementing the Tire Testing Machine Market size.

However, growth of the Tire Testing Machine Market is hindered attributed to high cost of modern machines.

The prominent players operating in the Tire Testing Machine Market are ZF Friedrichshafen AG, Calspan, Qingdao GaoCe Technology Co., LTD, MTS Systems, A&D Technology, Burke Porter Group, Leonardo Automation Pvt Ltd, AMETEK.Inc., Tmsi, and Kistler Instruments India Pvt. Ltd., among others.

Based on Types, the Tire force & Measurement machines segment is predicted to grow at a significant CAGR during the forecast period

As per the Tire Testing Machine Market Report, tire force measurement machines are increasingly used to predict if accurate forces are applied on steering, and suspension mechanisms in extreme conditions, which is pushing segment’s growth.

Based on Vehicle Type, the Four-wheelers segment is projected to expand at a robust CAGR over the forecast period

Rise in the sales of commercial and passenger vehicles, is the major factor propelling growth of the segment.

Based on Region, the Asia-Pacific region is anticipated to grow at a remarkable CAGR during the forecast period

According to the Tire Testing Machine Market Forecast, Government policies promoting the manufacturing of commercial vehicles, easy availability of cheap labour, rapid urbanization, and high population growth rates, are some of the important factors boosting the market growth.

Key Developments

• In April 2021, TMSI launched the TM-PCR400 tire scanning and buffing solution.

Market Segmentation

Segmentation by Machine Types

• Endurance Testing Machines
• Tire force & Measurement machines
• Tire Uniformity Machines
• Others

Segmentation by Vehicle Type

• Two-wheelers
• Four-wheelers
• Others

Segmentation by Region

• Asia Pacific
  • China
  • Japan
  • India
  • Rest of APAC
• North America
  • United States of America
  • Canada
• Europe
  • United Kingdom
  • Germany
  • France
  • Spain
  • Rest of Europe
• RoW
  • Brazil
  • South Africa
  • Saudi Arabia
  • UAE

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GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

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