Global tire manufacturing to grow nearly 4% per year through to 2022

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Smithers Rapra forecasts that global tire manufacturing will grow nearly 4% per year through to 2022, driven by an increased demand, tire innovations, and continuing capital spending and capacity expansion by tire suppliers.

In its new report, The Future of Tire Manufacturing to 2022, Smithers identifies how environmental and tire regulations, changes in materials, tire designs, and demands on tires are affecting the tire manufacturing market.

These factors are adding significant pressure to innovate tire manufacturing as a whole, as well as individual process steps, such as mixing, tire building, and curing. For years a slow-changing and conservative environment, change in tire manufacturing is accelerating, with trends such as outsourcing, material use minimization, plant specialization, and geographic location changing the structure and footprint of production.

Meanwhile technological innovations like further automation, tire modeling, equipment innovations, RFID/smart factories, and tire testing are transforming the process too.

The Future of Tire Manufacturing 2022 is available for £4,500.

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About Author

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Rachel's career in journalism began around five years ago when she started working for UKi Media & Events, having recently graduated from Coventry University where she studied the subject. Her favourite aspect of the job is interviewing industry experts, including researchers, scientists, engineers and technicians, and learning more about the ground-breaking technologies and innovations that are shaping the future of the automotive and tire industries.

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