Investments Roll in Tire Manufacturing Despite Roadblocks

NEW DELHI--January 25, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--From the days of manual molding and vulcanization, tire manufacturing has come a long way. Although the global automotive industry has undergone a slump due to constraints such as key component shortages, supply-chain disruptions, high prices of new vehicles along with slower economic growth in countries like the U.S., China and Europe, the demand for tires remains robust. Rising sales of both pre-owned vehicles and auto components in the replacement segment have been driving significant investments in the tire manufacturing industry.