Tire Retreading Market was valued at US$ 3.77 Bn. in 2022. Global Tire Retreading Market size is estimated to grow at a CAGR of 8.48%.Tire Retreading Market Overview:
The retreaded tire represents the symbol of the circular economy. It avoids the consumption of raw materials and decreases the energy requirement over the production cycle of a new tire. The current production method confirms similar performance and durability. Retreaded tires represent an alternative for the commercial and transport vehicle sector. It offers suitable solution to the new important one for reducing the environmental impact. An implementation of technology like tire retreading are transforming supply chains in the transportation industry. It is reaching a new level of maturity as companies big & small take agility to the next level to increase operating profits.To know about the Research Methodology:- Request Free Sample Report The report has covered the market trends from 2018 to forecast the market through 2029. 2022 is considered a base year however 2022’s numbers are on the real output of the companies in the market. Special attention is given to 2022, the effect of lockdown on the demand and supply, and the impact of lockdown for the next two years on the market.
Tire Retreading Market Dynamics:
An increase in Automotive Production drives the Tire Retreading market growth. Sales of retread tires have directly depended on vehicle parc and vehicle production. Despite unstable economic conditions in the current market scenario, the global automotive industry is expected to witness exponential growth in the near future. Automotive production is expected to increase with a more than 6.8% rate of CAGR during the forecast period. The production is expected to increase in emerging economies over the production in developed economies. The growth in the market is expected to attribute to the urbanization and stable economic conditions across developing nations across the globe. The report covers the detail analysis of the market dynamics like drivers, restraints, opportunities and challenges by each region.Tire Retreading Market Segment Analysis:
Based on the Vehicle Type, Tire Retreading Market is segmented into passenger vehicles and commercial vehicles. The new tyre manufacturers, who have long disdained deliberately manufacturing passenger tyres with an inbuilt capacity for retreading, have begun to take the sustainable credentials of passenger retreads, and have started to focus at their retreading potential. In the coming years, the transport industry is expected to struggle for cost optimisation, which will become a key driver of growth in the number of retreading plants. An increase in demand of fleets for retreading with premium raw materials over small scale retreading materials manufacturers are offering sustainable quality of the retreaded tyres. An increase in production of commercial vehicles is expected to increase the demand for tire retreading. The technology development in engineering technology is expected to led to the increased average life span of the vehicle, the tire retarding is a cost-effective solution for vehicles over new tire replacement.Tire Retreading Market Regional Insights:
Asia Pacific region is expected to hold the dominant position during the forecast period. Every year in India, with the usages of tire retreads saves hundreds of millions of litres of crude oil. The tyre retreading in India is done extensively for commercial vehicles like trucks and busses. The primary reason for retreading tyres is to save operational costs. It is expected to become the, which helps to reduce less than half the cost of a new tyre. With further growth of the economy, it is expected to witness numbers of vehicles in transport and passenger vehicles. The retreading tyre industry for the commercial vehicle segment is expected to drive in India, which is fuelled by the increase in the number of vehicles, rising tyre costs, the advent of radial tyres, better roads and the introduction of multi-axle heavy duty vehicles. An increase in automobile ownership will remain a chief driver for the retread market. The demand for heavy commercial vehicles is expected to grow the expansion of various industries, which will also continue to support the growth of the retread sector across the APAC region. In Europe, the retreaded tire becomes one of the vital references for achieving the ambitious sustainability goals, which has set itself. As part of the new vision desired by Europe. countries like France, Germany have already obliged public transport fleets to evaluate the usage of retreaded tires and other European countries are equipping themselves. The aesthetics of the sidewall of a tire is a mainly appreciated factor, mainly by a significant range of European customers. The objective of the report is to present a comprehensive analysis of the global Tire Retreading Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also help in understanding the Tire Retreading Market dynamic, structure by analyzing the market segments and projecting the Tire Retreading Market size. Clear representation of competitive analysis of key players by Vehicle Type, price, financial position, product portfolio, growth strategies, and regional presence in the Tire Retreading Market make the report investor’s guide.Tire Retreading Market Scope: Inquire before buying
Tire Retreading Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2018 to 2022 Market Size in 2022: US $ 3.77 Bn. Forecast Period 2023 to 2029 CAGR: 8.48% Market Size in 2029: US $ 6.66Bn. Segments Covered: by Production Method Pre cure Mold Cure by Vehicle Type Passenger Vehicles Commercial Vehicles Tire Retreading Market by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina Rest of South America)Tire Retreading Market Key Players
1. Bridgestone Corp. 2. Michelin SCA 3. Valley Tire Company 4. Parrish Tire Company 5. TreadWright 6. REDBURN TIRE COMPANY 7. Oliver Rubber Company 8. The Goodyear Tire and Rubber Co. 9. Marangoni S.p.A 10.Michelin North America Inc. 11.Kraiburg Austria Gmbh & Co.Kg 12.Pilipinas Kai Rubber Corporation 13.Easters Treads 14.JK Tyres 15.MRF Tyres 16.Yokohama Rubber Co 17.Rosler Tech Innovators 18.Tyresoles Frequently Asked Questions: 1. Which region has the largest share in Global Tire Retreading Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Tire Retreading Market? Ans: The Global Tire Retreading Market is growing at a CAGR of 8.48% during forecasting period 2023-2029. 3. What is scope of the Global Tire Retreading market report? Ans: Global Tire Retreading Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Tire Retreading market? Ans: The important key players in the Global Tire Retreading Market are – Bridgestone Corp., Michelin SCA, Valley Tire Company, Parrish Tire Company, TreadWright, REDBURN TIRE COMPANY, Oliver Rubber Company, The Goodyear Tire and Rubber Co., Marangoni S.p.A, Michelin North America Inc., Kraiburg Austria Gmbh & Co.Kg, Pilipinas Kai Rubber Corporation, Easters Treads, JK Tyres, MRF Tyres, Yokohama Rubber Co, Rosler Tech Innovators, and Tyresoles 5. What is the study period of this market? Ans: The Global Tire Retreading Market is studied from 2022 to 2029.
1. Tire Retreading Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Tire Retreading Market: Dynamics 2.1. Tire Retreading Market Trends by Region 2.1.1. North America Tire Retreading Market Trends 2.1.2. Europe Tire Retreading Market Trends 2.1.3. Asia Pacific Tire Retreading Market Trends 2.1.4. Middle East and Africa Tire Retreading Market Trends 2.1.5. South America Tire Retreading Market Trends 2.2. Tire Retreading Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Tire Retreading Market Drivers 2.2.1.2. North America Tire Retreading Market Restraints 2.2.1.3. North America Tire Retreading Market Opportunities 2.2.1.4. North America Tire Retreading Market Challenges 2.2.2. Europe 2.2.2.1. Europe Tire Retreading Market Drivers 2.2.2.2. Europe Tire Retreading Market Restraints 2.2.2.3. Europe Tire Retreading Market Opportunities 2.2.2.4. Europe Tire Retreading Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Tire Retreading Market Drivers 2.2.3.2. Asia Pacific Tire Retreading Market Restraints 2.2.3.3. Asia Pacific Tire Retreading Market Opportunities 2.2.3.4. Asia Pacific Tire Retreading Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Tire Retreading Market Drivers 2.2.4.2. Middle East and Africa Tire Retreading Market Restraints 2.2.4.3. Middle East and Africa Tire Retreading Market Opportunities 2.2.4.4. Middle East and Africa Tire Retreading Market Challenges 2.2.5. South America 2.2.5.1. South America Tire Retreading Market Drivers 2.2.5.2. South America Tire Retreading Market Restraints 2.2.5.3. South America Tire Retreading Market Opportunities 2.2.5.4. South America Tire Retreading Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Tire Retreading Industry 2.8. Analysis of Government Schemes and Initiatives For Tire Retreading Industry 2.9. Tire Retreading Market Trade Analysis 2.10. The Global Pandemic Impact on Tire Retreading Market 3. Tire Retreading Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 3.1.1. Pre cure 3.1.2. Mold Cure 3.2. Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 3.2.1. Passenger Vehicles 3.2.2. Commercial Vehicles 3.3. Tire Retreading Market Size and Forecast, by Region (2022-2029) 3.3.1. North America 3.3.2. Europe 3.3.3. Asia Pacific 3.3.4. Middle East and Africa 3.3.5. South America 4. North America Tire Retreading Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 4.1.1. Pre cure 4.1.2. Mold Cure 4.2. North America Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 4.2.1. Passenger Vehicles 4.2.2. Commercial Vehicles 4.3. North America Tire Retreading Market Size and Forecast, by Country (2022-2029) 4.3.1. United States 4.3.1.1. United States Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 4.3.1.1.1. Pre cure 4.3.1.1.2. Mold Cure 4.3.1.2. United States Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 4.3.1.2.1. Passenger Vehicles 4.3.1.2.2. Commercial Vehicles 4.3.2. Canada 4.3.2.1. Canada Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 4.3.2.1.1. Pre cure 4.3.2.1.2. Mold Cure 4.3.2.2. Canada Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 4.3.2.2.1. Passenger Vehicles 4.3.2.2.2. Commercial Vehicles 4.3.3. Mexico 4.3.3.1. Mexico Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 4.3.3.1.1. Pre cure 4.3.3.1.2. Mold Cure 4.3.3.2. Mexico Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 4.3.3.2.1. Passenger Vehicles 4.3.3.2.2. Commercial Vehicles 5. Europe Tire Retreading Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.2. Europe Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 5.3. Europe Tire Retreading Market Size and Forecast, by Country (2022-2029) 5.3.1. United Kingdom 5.3.1.1. United Kingdom Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.3.1.2. United Kingdom Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 5.3.2. France 5.3.2.1. France Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.3.2.2. France Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 5.3.3. Germany 5.3.3.1. Germany Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.3.3.2. Germany Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 5.3.4. Italy 5.3.4.1. Italy Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.3.4.2. Italy Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 5.3.5. Spain 5.3.5.1. Spain Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.3.5.2. Spain Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 5.3.6. Sweden 5.3.6.1. Sweden Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.3.6.2. Sweden Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 5.3.7. Austria 5.3.7.1. Austria Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.3.7.2. Austria Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 5.3.8. Rest of Europe 5.3.8.1. Rest of Europe Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 5.3.8.2. Rest of Europe Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6. Asia Pacific Tire Retreading Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.2. Asia Pacific Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3. Asia Pacific Tire Retreading Market Size and Forecast, by Country (2022-2029) 6.3.1. China 6.3.1.1. China Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.1.2. China Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.2. S Korea 6.3.2.1. S Korea Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.2.2. S Korea Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.3. Japan 6.3.3.1. Japan Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.3.2. Japan Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.4. India 6.3.4.1. India Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.4.2. India Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.5. Australia 6.3.5.1. Australia Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.5.2. Australia Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.6. Indonesia 6.3.6.1. Indonesia Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.6.2. Indonesia Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.7. Malaysia 6.3.7.1. Malaysia Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.7.2. Malaysia Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.8. Vietnam 6.3.8.1. Vietnam Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.8.2. Vietnam Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.9. Taiwan 6.3.9.1. Taiwan Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.9.2. Taiwan Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 6.3.10. Rest of Asia Pacific 6.3.10.1. Rest of Asia Pacific Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 6.3.10.2. Rest of Asia Pacific Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 7. Middle East and Africa Tire Retreading Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 7.2. Middle East and Africa Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 7.3. Middle East and Africa Tire Retreading Market Size and Forecast, by Country (2022-2029) 7.3.1. South Africa 7.3.1.1. South Africa Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 7.3.1.2. South Africa Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 7.3.2. GCC 7.3.2.1. GCC Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 7.3.2.2. GCC Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 7.3.3. Nigeria 7.3.3.1. Nigeria Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 7.3.3.2. Nigeria Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 7.3.4. Rest of ME&A 7.3.4.1. Rest of ME&A Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 7.3.4.2. Rest of ME&A Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 8. South America Tire Retreading Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 8.2. South America Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 8.3. South America Tire Retreading Market Size and Forecast, by Country (2022-2029) 8.3.1. Brazil 8.3.1.1. Brazil Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 8.3.1.2. Brazil Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 8.3.2. Argentina 8.3.2.1. Argentina Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 8.3.2.2. Argentina Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 8.3.3. Rest Of South America 8.3.3.1. Rest Of South America Tire Retreading Market Size and Forecast, by Production Method (2022-2029) 8.3.3.2. Rest Of South America Tire Retreading Market Size and Forecast, by Vehicle Type (2022-2029) 9. Global Tire Retreading Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Tire Retreading Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Bridgestone Corp. 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. Michelin SCA 10.3. Valley Tire Company 10.4. Parrish Tire Company 10.5. TreadWright 10.6. REDBURN TIRE COMPANY 10.7. Oliver Rubber Company 10.8. The Goodyear Tire and Rubber Co. 10.9. Marangoni S.p.A 10.10. Michelin North America Inc. 10.11. Kraiburg Austria Gmbh & Co.Kg 10.12. Pilipinas Kai Rubber Corporation 10.13. Easters Treads 10.14. JK Tyres 10.15. MRF Tyres 10.16. Yokohama Rubber Co 10.17. Rosler Tech Innovators 10.18. Tyresoles 11. Key Findings 12. Industry Recommendations 13. Tire Retreading Market: Research Methodology 14. Terms and Glossary