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Advancement in Tire Specifications and Demand for Performance Specific Tires Driving Tire Testing Machine Market: FMI

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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 ....

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The Worldwide EV Test Equipment Industry is Expected to Reach $105 Million by 2026 at a CAGR of 20.1% from 2021

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ResearchAndMarkets.com s offering.
The global EV test equipment market size is projected to reach USD 105 million by 2026, from an estimated USD 42 million in 2021, at a CAGR of 20.1%.
There have been a rising number of innovations in the EV test equipment market. This can be attributed to the increasing demand for emission-free and efficient electric vehicles, driver safety, charging stations, and vehicle diagnosis features that increase the durability of EVs. Due to the increasing focus on the development of innovative battery technologies, high demand for vehicle electronic functions and features, and stringent emission standards, the demand for EV test equipment, software, and repair data is rising. ....

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Precision Machined Components Market To Witness the Highest Growth Globally in Coming Years 2020-2025

Precision Machined Components Market To Witness the Highest Growth Globally in Coming Years 2020-2025
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