The tire inspection system market is estimated to be valued at USD 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 USD 287.4 million by 2034.
| Attributes | Key Insights |
|---|---|
| Tire Inspection System Market Estimated Size in 2024 | USD 224.5 million |
| Projected Market Value in 2034 | USD 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 USD 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 | USD 224.5 million |
| Projected Market Valuation in 2034 | USD 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 USD million |
| Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; Middle East and Africa |
| Key Market Segments Covered | Technology, End Use, Region |
| Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, The United Kingdom, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
| Key Companies Profiled | YXLON International GmbH; Alfamation Global; CyXplus SA; Micro-Poise Measurement Systems LLC; MTS Systems Corporation; A&D Technology; Burke Porter Group; AMETEK Inc; Kistler Group; TMSI LLC |
As of 2024, the market for tire inspection systems is expected to be valued at USD 224.5 million, as per FMI.
By 2034, the market value of tire inspection systems is expected to reach USD 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 2. Market Overview 3. Market Background 4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034 5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Technology 5.1. Camera Based 5.2. X-Ray Based 5.3. Computer Vision Based 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By End Use 6.1. MRO Centres 6.2. Automobile Assembling Facility 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 7.1. North America 7.2. Latin America 7.3. Western Europe 7.4. Eastern Europe 7.5. South Asia and Pacific 7.6. East Asia 7.7. Middle East and Africa 8. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 9. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 10. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 11. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 12. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 13. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 14. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country 15. Key Countries Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. YXLON International GmbH 17.2. Alfamation Global 17.3. CyXplus SA 17.4. Micro-Poise Measurement Systems LLC 17.5. MTS Systems Corporation 17.6. A&D Technology 17.7. Burke Porter Group 17.8. AMETEK, Inc. 17.9. TMSI LLC 17.10. Kistler Group 18. Assumptions & Acronyms Used 19. Research Methodology
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Tire Inspection System Market
