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DUBAI, U.A.E, May 4, 2021 /PRNewswire/ -- The global tire testing machine market is forecast to expand at 4% CAGR through the period from 2021 to 2031. The market will be driven by the rising necessity of reliable testing equipment especially within the automotive sector, evaluated ESOMAR-certified consulting firm Future Market Insights. Launch of high-tech features such as simulating actual wearing conditions for tire testing will fuel demand for tire testing machines in the coming years.
According to the study, changing safety regulations in automobile industries regarding tire performance will be a crucial factor for tire testing machine market growth. COVID-19 outbreak has hit hard on tire testing machine market. With closure of factories, disruptions in supply chain, and declined usage of machines in aerospace and automobile sector, market's growth was also hampered. However, recovery can be expected with relaxation in lockdown and opening of trading routes.