The tire inspection system market is estimated to be valued at US$ 224.5 million in 2024. The demand for tire storage racks is predicted to rise at a CAGR of 3.10% from 2024 to 2034. The global tire inspection system market is anticipated to reach US$ 287.4 million by 2034.
| Attributes | Key Insights |
|---|---|
| Tire Inspection System Market Estimated Size in 2024 | US$ 224.5 million |
| Projected Market Value in 2034 | US$ 287.4 million |
| Value-based CAGR from 2024 to 2034 | 3.10% |
The tire inspection systems used in automotive, aerospace, industrial machinery, and other sectors reliant on tires. Tire inspection systems facilitate the detection of defects anomalies, and quality assurance, ensuring compliance with safety standards.
The growing stringent safety regulations in the automotive industry and the emphasis on quality drive market expansion. The tire inspection system market is poised for continued growth, driven by technological innovations, regulatory compliance requirements, and the expanding automotive and aerospace sectors.
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The tire inspection system market is expected to grow as industries emphasize quality control, safety, and regulation compliance. The demand for tire inspection systems in automotive, aerospace, defense, and various industrial sectors will also contribute to market expansion.
Rapid industrialization and automotive sector growth in Asia-Pacific, North America, and Europe is expected to contribute significantly to the demand for tire inspection systems.
Tire inspection system demand is predicted to increase at a CAGR of 3.10% from 2024 to 2034, with the global market expected to reach a valuation of US$ 287.4 million by 2034.
| Historical CAGR from 2019 to 2023 | 2.50% |
|---|---|
| Forecast CAGR from 2024 to 2034 | 3.10% |
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The following table shows the top five countries by revenue, led by India and China. The growth of the automotive sector, both in passenger vehicles and commercial vehicles, generates substantial demand for tire inspection systems in China.
Companies in India are increasingly focusing on adopting advanced technologies such as machine vision, AI-driven inspection, and data analytics to enhance tire inspection accuracy and efficiency. These two countries are predicted to boost their market sales through 2034.
Forecast CAGRs from 2024 to 2034
| India | 3.80% |
|---|---|
| The United States | 2.70% |
| China | 3.60% |
| Australia | 2.80% |
| Germany | 2.50% |
The tire inspection system market in the United States is expected to witness a CAGR of 2.70% by 2034. The market size has been growing steadily due to increased demand in the automotive sector in the United States. With a sizeable automotive market, a substantial demand for high-quality tires drives the need for efficient inspection systems.
Stringent safety standards for vehicle manufacturing, including tire quality and safety. Compliance with these regulations propels the demand for advanced inspection systems in the country to ensure adherence to safety guidelines.
The tire inspection system market in the United States is expected to continue growing, driven by technological advancements, regulatory compliance, and the automotive industry's emphasis on safety and quality.
The increasing demand for vehicles drives the need for high-quality tires, fueling the growth of tire inspection systems in China. The Chinese government has stringent regulations concerning vehicle safety standards.
This necessitates using advanced inspection systems to ensure compliance and meet quality benchmarks. Tire inspection system market in China is projected to rise at a CAGR of 3.60% from 2024 to 2034.
The growing investment in cutting-edge technologies, including machine vision, AI, and automation, led to the development of sophisticated tire inspection systems.
Tire inspection system market in Germany is expected to grow with a CAGR of 2.50% during 2024-2034. German tire inspection systems prioritize precision and accuracy, aligning with the country's reputation for engineering excellence. Leveraging AI, machine vision, and IoT integration advancements for enhanced tire inspection accuracy and efficiency.
Leading companies in Germany focus on providing advanced inspection systems with high precision, accuracy, and integration capabilities to meet the demands of the automotive sector.
The focus on technological advancements, compliance with stringent standards, and the commitment to precision engineering will likely sustain the demand for advanced tire inspection systems in the country.
The demand for tire inspection systems is expected to rise in India. By 2034, the market is expected to expand at a CAGR of 3.80%. The growth of the market in the country is attributed to the rapidly growing automotive market, which has a substantial demand for vehicles.
Emphasis on meeting stringent safety and quality standards, encouraging the adoption of reliable inspection systems in tire manufacturing in India. The growing integration of innovative technologies to improve inspection accuracy and speed, meeting the demands of the growing automotive sector, is driving the tire inspection system market. Increased use of passenger, commercial, and two-wheelers fuels tire inspection system demand in India.
The tire inspection system market in Australia is expected to expand at a CAGR of 2.80% by 2024. The market growth in the country is influenced by growing awareness and concern for road safety, leading to a heightened focus on tire quality and the need for reliable inspection methods.
A strong emphasis on maintaining high-quality standards in the automotive sector, including tire manufacturing, drives the demand for efficient and accurate tire inspection systems in Australia.
According to market forecasts, the Camera-based technology segment will dominate until 2034, with a market share of 30%. Camera-based systems provide a wealth of image data, which can be leveraged for data analytics and AI-driven defect recognition, enabling smarter, more automated inspection processes.
The MRO Centres segment is expected to have a share of 23%. MRO centers place a high priority on safety. MRO center remains the prominent end-user of the tire inspection system.
| Category | Market Share |
|---|---|
| Camera Based | 30% |
| MRO Centres | 23% |
Camera-based technology will dominate the tire inspection system market, and this dominance is expected to continue throughout the forecast period, with the segment accounting for 30% of the total market share.
Camera-based systems can inspect various tire types, sizes, and compositions, offering flexibility in detecting a wide range of defects, including tread abnormalities, sidewall issues, and surface imperfections. High-resolution cameras and advanced image processing algorithms can detect even the minutest defects on tire surfaces, ensuring comprehensive inspection and quality control.
Cameras facilitate real-time inspection, enabling quick identification of defects as tires move along the production line, contributing to efficient manufacturing processes without slowing down the workflow. These systems can be integrated seamlessly into existing manufacturing lines, allowing for easy adaptation
Based on end-user, the MRO centre is expected to account for 23% of the market share in 2024. MRO centers employ tire inspection systems to conduct routine checks and preventive maintenance. Identifying potential issues early helps avoid unexpected failures and ensures continuous operations..
MRO centers utilize advanced inspection technologies that offer accurate, detailed analyses of tire conditions, including tread wear, structural integrity, and potential defects.
MRO centers in the automotive industry use tire inspection systems to maintain quality standards. These systems ensure that tires meet specific criteria before being used in vehicle assembly or during regular maintenance. Inspection systems aid in identifying potential tire issues early, allowing for preventive maintenance to avoid accidents and improve overall vehicle safety
Major tire inspection system market players are focusing on expanding their customer base through various strategies, such as expanding their product portfolio through new product launches and innovations. The leading players in the market are doing tie-ups with major original equipment manufacturers and targeted mergers & collaborations to generate lucrative revenues. Key players operating in the tire inspection system market include:
Product Offerings and Key Developments
| Attributes | Details |
|---|---|
| Estimated Market Size in 2024 | US$ 224.5 million |
| Projected Market Valuation in 2034 | US$ 287.4 million |
| Value-based CAGR 2024 to 2034 | 3.10% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | Value in US$ million |
| Key Regions Covered |
|
| Key Market Segments Covered |
|
| Key Countries Profiled |
|
| Key Companies Profiled |
|
As of 2024, the market for tire inspection systems is expected to be valued at US$ 224.5 million, as per FMI.
By 2034, the market value of tire inspection systems is expected to reach US$ 287.4 million.
From 2024 to 2034, tire inspection systems are expected to flourish at a CAGR of 3.10%
The MRO centre segment is expected to account for a market share of 23.0% in 2024.
India is likely the top-performing market, with a CAGR of 3.80%.
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
3.3. Opportunity Map Analysis
3.4. Product Life Cycle Analysis
3.5. Supply Chain Analysis
3.5.1. Supply Side Participants and their Roles
3.5.1.1. Producers
3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers)
3.5.1.3. Wholesalers and Distributors
3.5.2. Value Added and Value Created at Node in the Supply Chain
3.5.3. List of Raw Material Suppliers
3.5.4. List of Existing and Potential Buyer’s
3.6. Investment Feasibility Matrix
3.7. Value Chain Analysis
3.7.1. Profit Margin Analysis
3.7.2. Wholesalers and Distributors
3.7.3. Retailers
3.8. PESTLE and Porter’s Analysis
3.9. Regulatory Landscape
3.9.1. By Key Regions
3.9.2. By Key Countries
3.10. Regional Parent Market Outlook
3.11. Production and Consumption Statistics
3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
4.2.1. Y-o-Y Growth Trend Analysis
4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology
5.1. Introduction / Key Findings
5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Technology, 2019 to 2023
5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Technology, 2024 to 2034
5.3.1. Camera Based
5.3.2. X-Ray Based
5.3.3. Computer Vision Based
5.4. Y-o-Y Growth Trend Analysis By Technology, 2019 to 2023
5.5. Absolute $ Opportunity Analysis By Technology, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use
6.1. Introduction / Key Findings
6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By End Use, 2019 to 2023
6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By End Use, 2024 to 2034
6.3.1. MRO Centres
6.3.2. Automobile Assembling Facility
6.4. Y-o-Y Growth Trend Analysis By End Use, 2019 to 2023
6.5. Absolute $ Opportunity Analysis By End Use, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
7.1. Introduction
7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
7.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
7.3.1. North America
7.3.2. Latin America
7.3.3. Western Europe
7.3.4. Eastern Europe
7.3.5. South Asia and Pacific
7.3.6. East Asia
7.3.7. Middle East and Africa
7.4. Market Attractiveness Analysis By Region
8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
8.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
8.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
8.2.1. By Country
8.2.1.1. USA
8.2.1.2. Canada
8.2.2. By Technology
8.2.3. By End Use
8.3. Market Attractiveness Analysis
8.3.1. By Country
8.3.2. By Technology
8.3.3. By End Use
8.4. Key Takeaways
9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
9.2.1. By Country
9.2.1.1. Brazil
9.2.1.2. Mexico
9.2.1.3. Rest of Latin America
9.2.2. By Technology
9.2.3. By End Use
9.3. Market Attractiveness Analysis
9.3.1. By Country
9.3.2. By Technology
9.3.3. By End Use
9.4. Key Takeaways
10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
10.2.1. By Country
10.2.1.1. Germany
10.2.1.2. UK
10.2.1.3. France
10.2.1.4. Spain
10.2.1.5. Italy
10.2.1.6. Rest of Western Europe
10.2.2. By Technology
10.2.3. By End Use
10.3. Market Attractiveness Analysis
10.3.1. By Country
10.3.2. By Technology
10.3.3. By End Use
10.4. Key Takeaways
11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
11.2.1. By Country
11.2.1.1. Poland
11.2.1.2. Russia
11.2.1.3. Czech Republic
11.2.1.4. Romania
11.2.1.5. Rest of Eastern Europe
11.2.2. By Technology
11.2.3. By End Use
11.3. Market Attractiveness Analysis
11.3.1. By Country
11.3.2. By Technology
11.3.3. By End Use
11.4. Key Takeaways
12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
12.2.1. By Country
12.2.1.1. India
12.2.1.2. Bangladesh
12.2.1.3. Australia
12.2.1.4. New Zealand
12.2.1.5. Rest of South Asia and Pacific
12.2.2. By Technology
12.2.3. By End Use
12.3. Market Attractiveness Analysis
12.3.1. By Country
12.3.2. By Technology
12.3.3. By End Use
12.4. Key Takeaways
13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
13.2.1. By Country
13.2.1.1. China
13.2.1.2. Japan
13.2.1.3. South Korea
13.2.2. By Technology
13.2.3. By End Use
13.3. Market Attractiveness Analysis
13.3.1. By Country
13.3.2. By Technology
13.3.3. By End Use
13.4. Key Takeaways
14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
14.2.1. By Country
14.2.1.1. GCC Countries
14.2.1.2. South Africa
14.2.1.3. Israel
14.2.1.4. Rest of MEA
14.2.2. By Technology
14.2.3. By End Use
14.3. Market Attractiveness Analysis
14.3.1. By Country
14.3.2. By Technology
14.3.3. By End Use
14.4. Key Takeaways
15. Key Countries Market Analysis
15.1. USA
15.1.1. Pricing Analysis
15.1.2. Market Share Analysis, 2023
15.1.2.1. By Technology
15.1.2.2. By End Use
15.2. Canada
15.2.1. Pricing Analysis
15.2.2. Market Share Analysis, 2023
15.2.2.1. By Technology
15.2.2.2. By End Use
15.3. Brazil
15.3.1. Pricing Analysis
15.3.2. Market Share Analysis, 2023
15.3.2.1. By Technology
15.3.2.2. By End Use
15.4. Mexico
15.4.1. Pricing Analysis
15.4.2. Market Share Analysis, 2023
15.4.2.1. By Technology
15.4.2.2. By End Use
15.5. Germany
15.5.1. Pricing Analysis
15.5.2. Market Share Analysis, 2023
15.5.2.1. By Technology
15.5.2.2. By End Use
15.6. UK
15.6.1. Pricing Analysis
15.6.2. Market Share Analysis, 2023
15.6.2.1. By Technology
15.6.2.2. By End Use
15.7. France
15.7.1. Pricing Analysis
15.7.2. Market Share Analysis, 2023
15.7.2.1. By Technology
15.7.2.2. By End Use
15.8. Spain
15.8.1. Pricing Analysis
15.8.2. Market Share Analysis, 2023
15.8.2.1. By Technology
15.8.2.2. By End Use
15.9. Italy
15.9.1. Pricing Analysis
15.9.2. Market Share Analysis, 2023
15.9.2.1. By Technology
15.9.2.2. By End Use
15.10. Poland
15.10.1. Pricing Analysis
15.10.2. Market Share Analysis, 2023
15.10.2.1. By Technology
15.10.2.2. By End Use
15.11. Russia
15.11.1. Pricing Analysis
15.11.2. Market Share Analysis, 2023
15.11.2.1. By Technology
15.11.2.2. By End Use
15.12. Czech Republic
15.12.1. Pricing Analysis
15.12.2. Market Share Analysis, 2023
15.12.2.1. By Technology
15.12.2.2. By End Use
15.13. Romania
15.13.1. Pricing Analysis
15.13.2. Market Share Analysis, 2023
15.13.2.1. By Technology
15.13.2.2. By End Use
15.14. India
15.14.1. Pricing Analysis
15.14.2. Market Share Analysis, 2023
15.14.2.1. By Technology
15.14.2.2. By End Use
15.15. Bangladesh
15.15.1. Pricing Analysis
15.15.2. Market Share Analysis, 2023
15.15.2.1. By Technology
15.15.2.2. By End Use
15.16. Australia
15.16.1. Pricing Analysis
15.16.2. Market Share Analysis, 2023
15.16.2.1. By Technology
15.16.2.2. By End Use
15.17. New Zealand
15.17.1. Pricing Analysis
15.17.2. Market Share Analysis, 2023
15.17.2.1. By Technology
15.17.2.2. By End Use
15.18. China
15.18.1. Pricing Analysis
15.18.2. Market Share Analysis, 2023
15.18.2.1. By Technology
15.18.2.2. By End Use
15.19. Japan
15.19.1. Pricing Analysis
15.19.2. Market Share Analysis, 2023
15.19.2.1. By Technology
15.19.2.2. By End Use
15.20. South Korea
15.20.1. Pricing Analysis
15.20.2. Market Share Analysis, 2023
15.20.2.1. By Technology
15.20.2.2. By End Use
15.21. GCC Countries
15.21.1. Pricing Analysis
15.21.2. Market Share Analysis, 2023
15.21.2.1. By Technology
15.21.2.2. By End Use
15.22. South Africa
15.22.1. Pricing Analysis
15.22.2. Market Share Analysis, 2023
15.22.2.1. By Technology
15.22.2.2. By End Use
15.23. Israel
15.23.1. Pricing Analysis
15.23.2. Market Share Analysis, 2023
15.23.2.1. By Technology
15.23.2.2. By End Use
16. Market Structure Analysis
16.1. Competition Dashboard
16.2. Competition Benchmarking
16.3. Market Share Analysis of Top Players
16.3.1. By Regional
16.3.2. By Technology
16.3.3. By End Use
17. Competition Analysis
17.1. Competition Deep Dive
17.1.1. YXLON International GmbH
17.1.1.1. Overview
17.1.1.2. Product Portfolio
17.1.1.3. Profitability by Market Segments
17.1.1.4. Sales Footprint
17.1.1.5. Strategy Overview
17.1.1.5.1. Marketing Strategy
17.1.1.5.2. Product Strategy
17.1.1.5.3. Channel Strategy
17.1.2. Alfamation Global
17.1.2.1. Overview
17.1.2.2. Product Portfolio
17.1.2.3. Profitability by Market Segments
17.1.2.4. Sales Footprint
17.1.2.5. Strategy Overview
17.1.2.5.1. Marketing Strategy
17.1.2.5.2. Product Strategy
17.1.2.5.3. Channel Strategy
17.1.3. CyXplus SA
17.1.3.1. Overview
17.1.3.2. Product Portfolio
17.1.3.3. Profitability by Market Segments
17.1.3.4. Sales Footprint
17.1.3.5. Strategy Overview
17.1.3.5.1. Marketing Strategy
17.1.3.5.2. Product Strategy
17.1.3.5.3. Channel Strategy
17.1.4. Micro-Poise Measurement Systems LLC.
17.1.4.1. Overview
17.1.4.2. Product Portfolio
17.1.4.3. Profitability by Market Segments
17.1.4.4. Sales Footprint
17.1.4.5. Strategy Overview
17.1.4.5.1. Marketing Strategy
17.1.4.5.2. Product Strategy
17.1.4.5.3. Channel Strategy
17.1.5. MTS Systems Corporation
17.1.5.1. Overview
17.1.5.2. Product Portfolio
17.1.5.3. Profitability by Market Segments
17.1.5.4. Sales Footprint
17.1.5.5. Strategy Overview
17.1.5.5.1. Marketing Strategy
17.1.5.5.2. Product Strategy
17.1.5.5.3. Channel Strategy
17.1.6. A&D Technology
17.1.6.1. Overview
17.1.6.2. Product Portfolio
17.1.6.3. Profitability by Market Segments
17.1.6.4. Sales Footprint
17.1.6.5. Strategy Overview
17.1.6.5.1. Marketing Strategy
17.1.6.5.2. Product Strategy
17.1.6.5.3. Channel Strategy
17.1.7. Burke Porter Group
17.1.7.1. Overview
17.1.7.2. Product Portfolio
17.1.7.3. Profitability by Market Segments
17.1.7.4. Sales Footprint
17.1.7.5. Strategy Overview
17.1.7.5.1. Marketing Strategy
17.1.7.5.2. Product Strategy
17.1.7.5.3. Channel Strategy
17.1.8. AMETEK,Inc.
17.1.8.1. Overview
17.1.8.2. Product Portfolio
17.1.8.3. Profitability by Market Segments
17.1.8.4. Sales Footprint
17.1.8.5. Strategy Overview
17.1.8.5.1. Marketing Strategy
17.1.8.5.2. Product Strategy
17.1.8.5.3. Channel Strategy
17.1.9. TMSI LLC
17.1.9.1. Overview
17.1.9.2. Product Portfolio
17.1.9.3. Profitability by Market Segments
17.1.9.4. Sales Footprint
17.1.9.5. Strategy Overview
17.1.9.5.1. Marketing Strategy
17.1.9.5.2. Product Strategy
17.1.9.5.3. Channel Strategy
17.1.10. Kistler Group
17.1.10.1. Overview
17.1.10.2. Product Portfolio
17.1.10.3. Profitability by Market Segments
17.1.10.4. Sales Footprint
17.1.10.5. Strategy Overview
17.1.10.5.1. Marketing Strategy
17.1.10.5.2. Product Strategy
17.1.10.5.3. Channel Strategy
18. Assumptions & Acronyms Used
19. Research Methodology
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Tire Inspection System Market
