Tire Machinery Market | Growth Factors and ScopePosted by Aparna P on August 12th, 2022  The rapidly growing demand for passenger automobiles is likely to drive the rapid automation of tire production plants in various places of the world. Updates in tire machinery for integration of Industry 4.0 features are likely to result in more effective and precise operations of this machinery in this context.
The growing number of automobile models necessitates a wider range of tire options. Furthermore, emerging trends in automotives like autonomous driving and e-mobility are likely to push up demand for novel tire design and manufacturing methods.
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Global Tire Machinery Market: Competitive Assessment
One of the recent developments in the global tire machinery market is mentioned as below
In February 2018, SAFE - Run Machinery (Suzhou) Co. Ltd. launched the SR-TPU, a light-truck tire manufacturing machine that makes use of two-stage method eliminating manual labor and provides improved tire uniformity and flexible balance.
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