Global Automotive Tire Retreading Services Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Technology;

Pre-Cure and Mold-Cure.

By Sales Channel;

OEM and Independent Service Provider.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn772162699 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Automotive Tire Retreading Services Market (USD Million), 2020 - 2030

In the year 2023, the Global Automotive Tire Retreading Services Market was valued at USD 642.83 million. The size of this market is expected to increase to USD 874.80 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 4.5%.

The global automotive tire retreading services market serves as a crucial segment within the broader automotive industry, providing cost-effective solutions for extending the lifespan of tires and promoting sustainability. Tire retreading involves refurbishing worn-out tires by replacing the worn tread with new tread, enhancing their performance and durability. This process offers significant economic and environmental benefits, as retreaded tires can be reused multiple times, reducing the demand for new tires and minimizing waste. As the automotive sector grapples with sustainability challenges and strives to reduce its carbon footprint, tire retreading services emerge as a sustainable solution, aligning with the industry's efforts to promote circular economy principles and resource efficiency.

The market for automotive tire retreading services is characterized by a diverse range of service providers, including retreaders, tire dealers, and commercial fleet operators. Retreaders specialize in refurbishing worn-out tires using advanced retreading techniques and equipment, ensuring quality and reliability comparable to new tires. Tire dealers offer retreading services as part of their aftermarket offerings, catering to the needs of individual vehicle owners and commercial customers seeking cost-effective tire maintenance solutions. Commercial fleet operators represent a significant customer segment for tire retreading services, relying on retreaded tires to optimize fleet operations, reduce operating costs, and comply with regulatory requirements for tire safety and performance. With increasing emphasis on cost savings, sustainability, and safety in the automotive industry, the demand for tire retreading services is expected to grow, driving market expansion and innovation in retreading technologies.

Technological advancements and innovations in tire retreading processes are reshaping the global automotive tire retreading services market, offering enhanced performance, quality, and efficiency. Automated retreading equipment, advanced tread designs, and precision inspection systems enable retreaders to deliver superior-quality retreaded tires that meet or exceed industry standards. Additionally, the integration of digital technologies such as RFID tracking, predictive analytics, and cloud-based management systems enhances transparency, traceability, and operational efficiency in tire retreading operations. As automotive manufacturers, fleet operators, and aftermarket service providers seek to optimize tire lifecycle management and reduce total cost of ownership, tire retreading services emerge as a viable solution for maximizing tire value, minimizing environmental impact, and promoting sustainable practices in the automotive industry.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Technology
    2. Market Snapshot, By Sales Channel
    3. Market Snapshot, By Region
  4. Global Automotive Tire Retreading Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Commercial Vehicle Fleet Size and Mileage
        2. Environmental Sustainability and Circular Economy Initiatives
        3. Technological Advancements in Tire Retreading Processes
        4. Increasing Focus on Tire Maintenance and Lifecycle Management
      2. Restraints
        1. Limited Availability of High-Quality Retreadable Casings
        2. Regulatory and Safety Compliance Requirements
        3. Competition from Low-cost New Tires and Imported Retreads
        4. Lack of Standardization and Certification in Retreading Practices
      3. Opportunities
        1. Adoption of Advanced Retreading Materials and Techniques
        2. Collaboration with Tire Manufacturers and Service Providers
        3. Growth in Emerging Markets and Developing Regions
        4. Innovation in Retread Product Offerings and Service Models
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Automotive Tire Retreading Services Market, By Technology, 2020 - 2030 (USD Million)
      1. Pre-Cure
      2. Mold-Cure
    2. Global Automotive Tire Retreading Services Market, By Sales Channel, 2020 - 2030 (USD Million)
      1. OEM
      2. Independent Service Provider
    3. Global Automotive Tire Retreading Services Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bridgestone
      2. Continental
      3. Pomps Tire Service
      4. Southern Tire Mart
      5. The Goodyear Tire & Rubber
      6. Zenises
  7. Analyst Views
  8. Future Outlook of the Market