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The increasing expansion of the global automotive aftermarket will propel the growth of the tire curing press market in the coming years. The automotive aftermarket includes various activities like manufacturing, remanufacturing, distributing, redistributing, end-retail, reselling, and installation related to automobiles. It covers replacement, collision, appearance, and performance parts. The adoption of advanced technologies has led to the digitization of car maintenance and component sales, contributing to the growing popularity of the automotive aftermarket. In this context, a tire curing press plays a crucial role in manufacturing, molding, and designing tires for different vehicles, including passenger cars, light commercial vehicles, and heavy commercial vehicles. The tire curing press is essential in the automotive industry due to the rubber bladder's low thermal conductivity and low rigidity. These factors will continue to boost the utilization of tire curing presses in automotive applications throughout the forecast period.
Moreover, the aftermarket business is gaining momentum with the active participation of car component manufacturers. For example, in July 2021, JK Tyre and Ki Mobility Solutions Private Ltd. (KMS) entered into an agreement to offer 24-hour support for the customer service portfolio nationwide. This initiative aims to establish a robust service network to support future growth stages and implement best practices in the aftermarket service industry. Such collaborations and endeavors by car component manufacturers are expected to contribute significantly to the tire curing press market's growth in the upcoming years.
As the automotive aftermarket continues to expand, driven by technological advancements and strategic collaborations, the demand for tire curing presses is anticipated to rise. The tire curing press market is poised for substantial growth, benefiting from the increasing activities in the automotive aftermarket segment. This trend reflects a broader shift toward digitalized maintenance practices and the growing involvement of key players in enhancing customer service and support networks. Overall, the outlook for the tire curing press market appears promising, fueled by the dynamic developments within the global automotive aftermarket landscape.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Type, Mold, Application, and Region |
Tire Curing Press Market Highlights:
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