New market report predicts the future of manufacturing for the tire industry

Smithers Rapra’s latest market report, The Future of Tire Manufacturing to 2022, provides an in-depth, statistical analysis of the global tire market. The report forecasts a 4% growth per year through 2022.

Future of Tire Manufacturing to 2022Smithers Rapra recently unveiled their newest market report, The Future of Tire Manufacturing to 2022. The report provides analysis of the tire manufacturing process, end use trends, and geographic trends to the year 2022. Global tire manufacturing output is estimated to be over 17 million tons in 2016, and is growing nearly 4% per year through 2022, driven by increased demand, tire innovations, and continuing capital spending and capacity expansion by tire suppliers.

The report focuses on key improvements in manufacturing processes such as increased automation and controls, environmental measures and capital investment. Additionally, new developments in technology, such as the increased use of AI, also plays a significant role in the future of tire manufacturing.  The report not only highlights trends for multiple tire types including passenger, light truck, truck and bus, OTR, motorcycle, aviation and others. And also provides market and regulatory trends in various regions across the globe.

Market Report Background:

The report is based on a combination of in-depth primary and secondary research. Primary research included interviews with key market and technical staff across the world value chain for tire production. This is supported by an extensive literature analysis of published product launches, converting and machinery innovations to create a global perspective; combined with Smithers Rapra’s own market intelligence and critical analysis.

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