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Market ReportsNewsrss5

U.S. Tire Manufacturers Association predicts lower tire shipments for 2023

Compared with 2022, Original Equipment (OE) shipments for passenger, light truck and truck tires are expected to change by 7.9%, -4.0%, and -1.3% respectively, with a total increase of 3.0 million units. Replacement passenger, light truck and truck tire shipments are also projected to change by 0.2%, -5.6%, and -21.3% respectively, with a total decrease of 7.3 million units.

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Smart Vision Lights receives UR+ certification for its DoAll multifunctional light

Smart Vision Lights (SVL) announces that its DoAll multifunctional light — which comprises six different machine vision lights — has received UR+ certification from Universal Robots. UR+ offers systems integrators and end users an ecosystem of certified products designed specifically for use with Universal Robots’ collaborative robots, or cobots. All UR+ certified products undergo rigorous testing to validate compatibility with UR cobots.

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Global thermoplastic elastomers market forecast at $35.3 billion by 2028

The Global Thermoplastic Elastomers Market size is estimated to be USD 26.9 billion in 2023 and is projected to reach USD 35.3 billion in terms of value by 2028, at a CAGR of 5.6% between 2023 and 2028, as per the recent study by MarketsandMarkets™. The recovery of automotive sector across the world is driving the thermoplastic elastomers market during the forecast period.

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Toyo Tire introduces DOT competition tire the all-new Proxes R

Toyo Tire U.S.A. Corp. (Toyo Tires®) announces the all-new Toyo® Proxes® R DOT competition tire, designed for dry road racing and high-performance driving on the track. The Proxes R builds upon the legacy of its predecessor, the Proxes® RR, offering racers quicker lap times, improved stability, and heightened responsiveness. The Proxes R has a new tread compound and reinforced sidewall for more grip and precision. Grassroots racers, track day enthusiasts, and those honing their skills at high-performance driving experiences will enjoy the exhilarating feeling of the Proxes R while achieving their best laps of the day.

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