The tire inspection system market is projected to reach a valuation of USD 224.5 million in 2024 and grow to USD 287.4 million by 2034, with an expected CAGR of 3.10% during the forecast period. Stringent safety regulations in the automotive and aerospace industries are driving the demand for reliable tire inspection solutions. The rise of the automotive sector, particularly electric vehicles, is increasing the need for high-quality tires and efficient inspection systems.
In the aerospace and defense sectors, the need for precise tire inspection for aircraft and military vehicles is contributing to market expansion. Growing awareness of road safety and the demand for high-performance tires further fuel this trend. Emerging economies, with expanding automotive industries, are also seeing high adoption of tire inspection systems.
Evolving global safety and quality standards are pushing demand for advanced inspection solutions to ensure compliance. A focus on sustainable manufacturing practices is encouraging the development of eco-friendly tire inspection systems that reduce waste.
Technological advancements such as AI, IoT, and predictive analytics are enhancing the capabilities of inspection systems. The adoption of 3D inspection techniques is on the rise, enabling more accurate defect detection through comprehensive tire structure analysis.
Key Takeaways from the Market Study
- From 2019 to 2023, the tire inspection system market was valued at a CAGR of 2.50%
- Based on technology, the camera-based technology segment is expected to account for a share of 30% in 2024.
- Global tire inspection system demand in China is predicted to account for a CAGR of 3.60% in 2024.
- In the United States, the tire inspection system industry is expected to account for a CAGR of 2.70% in 2024.
- Germany is projected to expand by a value CAGR of 2.50% between 2024 and 2034.
- Tire inspection system market in India is anticipated to record a CAGR of 3.80% in 2024.
Competitive Landscape
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. Collaborations and partnerships with key players and acquiring niche players are critical strategies followed by leading players in the tire inspection system market.
Key players operating in the Tire Inspection System Market
- 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
Tire Inspection System Market-Key Segments
By Technology:
- Camera Based
- X-Ray Based
- Computer Vision Based
By End Use:
- MRO Centres
- Automobile Assembling Facility
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- East Asia
- Middle East and Africa
Report Preview: https://www.futuremarketinsights.com/reports/tire-inspection-system-market
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube