Chinese tyre and rubber industry machinery demand continues to rise
A recently-released report suggests that demand for tyre and rubber industry machinery in China will surge in the coming few years. According to the ‘Global and China Rubber Machinery Industry Report, 2014-2017’, the market value will reach US$4.07 billion by 2017. This represents a 77.0 per cent increase on the 2013 figure of $2.3 billion, which itself was 36.5 per cent higher than a year earlier and 48.6 per cent of the global total (8.2 per cent more than in 2012).