MAY- 20216 MANUFACTURING TECHNOLOGY INSIGHTSInnovation in tire manufacturing has seen new developments in recent years. With growing customer expectations and demands from manufacturers, the rubber and tire industry is set for further advancements. New technologies like radial and bias tire manufacturing create significant potential for tires in various vehicle platforms in view of transportation, flexible sidewalls, and reduced fuel consumption due to less rolling resistance. However, the spread of COVID-19 has affected the global economy, collapsing vehicle and equipment production sales, usage, and tire production and trade. Further, tire materials consumption has dropped in line with tire manufacturing in the supply chain, creating declining prices for natural and synthetic rubber and other vital commodities.The global tire industry is estimated to reach 19.25 million tonnes of production in 2019. This is forecast to grow at a compound annual growth rate (CAGR) of 3.4 percent to reach 22.75 million tonnes in 2024. Today, customers are demanding quicker delivery times, and to that end, tire manufacturers are adopting new ways to make the process more efficient and fast. That said, the incorporation of nanocomposites, plasma surface modified carbon black, and computer simulation techniques have greatly enhanced tire manufacturing in recent times. Further, automation combined with intelligent artificial intelligence software, including learning algorithms, helps manufacturers meet the challenges of global competition and consolidation.A myriad of solution providers offer best-in-class tire and rubber tech solutions that advocate ingenuity in technological innovation. In this edition, Manufacturing Technology Outlook has created a list of top rubber and tire tech solution providers in Europe that are transforming the landscape with smart solutions. The magazine comprises insights from subject matter experts, CIOs, CXOs in the industry on the latest industry trends, best practices, and recent innovations.Let us know your thoughts.Improved Efficiency through Science and Tech InnovationEditorialCopyright © 2021 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Email:sales@manufacturingtechnologyinsights.comeditor@manufacturingtechnologyinsights.commarketing@manufacturingtechnologyinsights.comMAY, 05 - 2021 , Vol 07 - Issue 06(ISSN 2644-2493) Published by ValleyMedia, Inc.To subscribe to Manufacturing Technology InsightsVisit www.manufacturingtechnologyinsights.com Editor-in-ChiefLaura DavisEditorial StaffSalesVisualizerJohn GouthamAnnie Mathewsannie@manufacturingtechnologyinsights.comAva Gracia Peter ThomasRose DcruzAaron PaulTECHNOLOGY INSIGHTSTECHNOLOGY INSIGHTSLaura DavisEditor-in-ChiefManufacturing Technology InsightsWrite to useditor@manufacturingtechnologyinsights.com*Some of the Insights are based on the interviews withrespective CIOs and CXOs to our editorial staff
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