Tag: Tire Market Outlook

Tire Market to Surpass $ 300 Billion Mark by 2023

Rising sales across all vehicle categories coupled with expanding automotive fleet to propel demand for tires, globally, through 2023 According to TechSci Research report, “Global Tire Market By Vehicle Type, By Demand Category, By Radial Vs Bias, By Region, Competition Forecast & Opportunities, 2013 – 2023”, the global tire market is forecast to reach $

Tire Market Update: Sumitomo to Expand Through Rubber Parts for Medical Applications

Sumitomo Rubber Industries (SRI) has recently announced its expansion plan by manufacturing rubber parts for medical applications. For this, the company has plans to establish a new manufacturing site in central Slovania, where the production will take place for rubber parts that are used for pharmaceutical purpose. This expansion will be under the subsidiary company