The global automotive tire market size is projected to reach $306 billion by 2022, growing at a CAGR of 7.6% from 2016 to 2022.
The tire industry provides direct employment to more than 0.15 million people, which is about 0.12 million of the organized sector.
The heavy investment driven tire industry contributes 3% of manufacturing GDP when the entire automotive sector accounts for 7.1 per cent of the GDP.
Annually about 215 million tires are manufactured in India and the Indian tire market contributes ~70% of total revenues.
Almost 60% of the global tire plants are located in Asia today.
Consumers want SMART tires so that they can be remotely monitored for their safety, security, reliability, predict the wear and tear and optimize their service life.
We worked carefully with all our equipment that helped us for our living. We maintained them as and when required but still faced production losses and high downtime. Thank you Infinite Uptime for installing the IDE, to monitor gearboxes, motors, bearings and other critical mechanical rotating parts at real-time. We are so happy, we could save our maintenance cost, spares, wear and tear, and the million dollar life of the operator.
Thanks to Infinite Uptime for providing insights into our critical equipment. The plug and play real time monitoring IOT 4.0 solution, avoided unexpected breakdowns and detected large savings capabilities. We are so happy, we could save our maintenance cost, spares, wear and tear, and the million dollar life of the operator.
We installed the IDE on our helical gearbox to get a deeper understanding of the root causes of its failures and prevented them becoming catastrophic. Outstanding product and people make Infinite Uptime an awesome part of the predictive maintenance.
Thank You very much to everyone for installing the IU devices, integrating them with PLC in optimal time. We are now able to have an insight into tool life monitoring and can schedule predictive maintenance for the machines.
We look forward to continue work with you. We appreciate your dedicated time and efforts invested to achieve our goals.