Tire Testing Machine Market was valued at USD 312 million in 2020 and expected to grow at higher CAGR due to increase in the sale of vehicles at the global level.

Introduction of the Tire Testing Machine Market Report
Tire Testing Machine can be defined as a type of machine that helps to analyze or understand the tire’s performance in terms of grip, noise, wear, rolling behavior, and resistance. The growing use of automatic tire testing machine helps in faster cyclic time, decrease lead time, a surge in the productivity, and provide appreciable benefits to the vehicle owners.

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Market Dynamic
Key Drivers and Emerging Trends
The factors driving the global Tire Testing Machine Market include the increase in the sale of vehicles at the global level that will boost the growth of the tire testing machine market. For instance, according to OICA, the global sales for all vehicles were accounted for 77.9 million in 2020.

An increase in the sale of vehicle leads to an increase in the testing for tire due to smooth running of vehicle as maintenance of tire leads to better efficiency and more millage. Moreover, improvement in technological advancement led to the launch of high-tech features such as simulating actual wearing conditions, automatic tire testing machine that provides faster cycling times, reduce dependency on labor, and reduce errors. Thus, this factor will boost the growth of this market. Furthermore, global aftermarket tire sales is another factor propelling the growth of this market. Additionally, tires go through various challenges such wear and tear due to road condition which affects the tire conditions. Such factors are expected to boost the market growth

Restraint in the Tire Testing Machine Market
However, concerns related to the high cost of the modern tire testing machines has hampered the growth of tire testing machine market.

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Machine Types – Segment Analysis
Based on the machine types, tire force & measurement machines expected to grow at a higher CAGR rate in the global tire testing machine market during the forecast period as this machine play an important role on evaluating tire parameters before they run on the track. These are used to predict the accurate forces applied to the tire, steering, and suspension mechanisms during the most extreme conditions of operation.

Vehicle Type – Segment Analysis
Based on the Vehicle Type, four-wheelers are projected to grow at a higher CAGR rate in the global tire testing machine market during the forecast period due to increase in the sale of four vehicles such as passenger and commercial vehicle at global level has boosted the growth of this market. For instance, according to OICA in 2021 the sale of all vehicles in Jan – June was accounted for 44.4 million globally.

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Regional – Segment Analysis:
Based on the region, Asia-Pacific region is expected to grow at a higher CAGR rate in the global tire testing machine market during the forecast period due to the increasing population in this region lead to growing demand for vehicle and presence of low cost labour in this region has also boosted the growth of this market. For instance, according to China Association of Automobile Manufacturers, vehicle sold in July 2020 was accounted for 2.12 million in China. Moreover, tire production of tires in China was around 800 million in 2020.

Top Market Players
Various notable players operating in the market, include, MTS Systems, A&D Technology, Burke Porter Group, AMETEK.Inc., Tmsi, Kistler Instruments India Pvt. Ltd., ZF Friedrichshafen AG, Calspan, Qingdao GaoCe Technology Co., LTD, Leonardo Automation Pvt Ltd, among others.

Key Developments:

• • In Nov 2021, The Goodyear Tire & Rubber Company and the SARTA, collaborated together to test intelligent tire sensors to test intelligent tire sensors and prototype tires on SARTA’s fleet of diesel and zero emission hydrogen fuel cell powered buses.
  • In April 2021, TMSI has introduced the TM-PCR400 tire scanning and buffing solution. Through this user can quickly grind and test the tires in bulk at economical price.

Segments covered in the Report:
The global Tire Testing Machine Market has been segmented on the basis of Machine Types, Vehicle Type and regions. Based on Machine Types, the market is segmented into Endurance Testing Machines, Tire force & Measurement machines, Tire Uniformity Machines and Others. Based on Vehicle Type, the market is segmented into Two-wheelers, Four-wheelers and Others.

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Key questions answered in this research report:

• • At what pace is global Tire Testing Machine Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Tire Testing Machine Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Tire Testing Machine Market?
  • Which Machine Types generated maximum revenues in 2020 and identify the most promising Machine Types during the forecast period?
  • What is the various Vehicle Type of global Tire Testing Machine Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Tire Testing Machine Market by Machine Types

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

Global Tire Testing Machine Market by Vehicle Type

• • Two-wheelers
  • Four-wheelers
  • Others

Global Tire Testing Machine Market by Region

• • North America Tire Testing Machine Market (Option 1: As a part of the free 25% customization)
    • North America Tire Testing Machine Market by Machine Types
    • North America Tire Testing Machine Market by Vehicle Type
    • US Tire Testing Machine Market All-Up
    • Canada Tire Testing Machine Market All-Up
  • Europe Tire Testing Machine Market (Option 2: As a part of the free 25% customization)
    • Europe Tire Testing Machine Market by Machine Types
    • Europe Tire Testing Machine Market by Vehicle Type
    • UK Tire Testing Machine Market All-Up
    • Germany Tire Testing Machine Market All-Up
    • France Tire Testing Machine Market All-Up
    • Spain Tire Testing Machine Market All-Up
    • Rest of Europe Tire Testing Machine Market All-Up
  • Asia-Pacific Tire Testing Machine Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Tire Testing Machine Market by Machine Types
    • Asia-Pacific Tire Testing Machine Market by Vehicle Type
    • China Tire Testing Machine Market All-Up
    • India Tire Testing Machine Market All-Up
    • Japan Tire Testing Machine Market All-Up
    • Rest of APAC Tire Testing Machine Market All-Up
  • RoW Tire Testing Machine Market (Option 4: As a part of the free 25% customization)
    • RoW Tire Testing Machine Market by Machine Types
    • RoW Tire Testing Machine Market by Vehicle Type
    • Brazil Tire Testing Machine Market All-Up
    • South Africa Tire Testing Machine Market All-Up
    • Saudi Arabia Tire Testing Machine Market All-Up
    • UAE Tire Testing Machine Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Tire Testing Machine Market All-Up

Major Players Operating in the Market Name (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • MTS Systems
  • A&D Technology
  • Burke Porter Group
  • Inc.
  • Tmsi
  • Kistler Instruments India Pvt. Ltd.
  • ZF Friedrichshafen AG
  • Calspan
  • Qingdao GaoCe Technology Co., LTD
  • Leonardo Automation Pvt Ltd