Global Retread Tires Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Vehicle Type;

Passenger cars, Light Commercial Vehicles, Heavy Trucks & Buses and Off-road vehicles.

By Process Type;

Pre Cure and Mold Cure.

By Sales Channel;

OEM Service Providers and Independent Service Providers.

By End-User;

Transportation & logistics and Construction & mining.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn150990781 Published Date: April, 2024 Updated Date: May, 2024

Introduction

Global Retread Tires Market (USD Million), 2020 - 2030

In the year 2023, the Global Retread Tires Market was valued at USD 16,121.65 million. The size of this market is expected to increase to USD 22,836.45 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 5.1%.

The Global Retread Tires Market represents a dynamic sector within the automotive industry, offering sustainable and cost-effective solutions for tire replacement. Retreading involves refurbishing worn tire casings with new treads, extending their lifespan and reducing the environmental impact associated with tire disposal. This market serves a wide range of vehicles, including commercial trucks, buses, aircraft, and off-road vehicles, catering to diverse transportation needs across various industries.

Retread tires provide several advantages, including significant cost savings compared to new tires, as well as reduced resource consumption and greenhouse gas emissions. By extending the life of tire casings through retreading, manufacturers and fleet operators can achieve substantial cost reductions while promoting sustainability and environmental responsibility. Moreover, retread tires offer comparable performance to new tires in terms of traction, durability, and safety when produced using high-quality materials and advanced retreading processes.

The Global Retread Tires Market is driven by factors such as increasing awareness of environmental sustainability, stringent regulations on tire disposal and recycling, and growing demand for cost-effective tire solutions, particularly in the commercial transportation sector. Fleet operators, logistics companies, and airlines are increasingly adopting retread tires as a viable alternative to new tires to optimize operational efficiency and reduce operating costs. Additionally, technological advancements in retreading processes, such as automated inspection systems, advanced tread designs, and innovative rubber compounds, contribute to the market's growth by enhancing product quality, performance, and reliability.

Despite these opportunities, challenges such as market fragmentation, concerns about retread tire quality and safety, and competition from low-cost new tires persist within the industry. However, strategic initiatives such as industry consolidation, quality assurance programs, and collaborative partnerships between retread tire manufacturers and original equipment manufacturers (OEMs) are helping to address these challenges and drive market growth. Overall, the Global Retread Tires Market is poised for expansion as businesses and consumers increasingly recognize the economic and environmental benefits of retreading, paving the way for sustainable and cost-effective tire solutions 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 Vehicle Type
    2. Market Snapshot, By Process Type
    3. Market Snapshot, By Sales Channel
    4. Market Snapshot, By End-User
    5. Market Snapshot, By Region
  4. Global Retread Tires Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Cost savings

        2. Sustainability

        3. Regulatory compliance

        4. Environmental awareness

      2. Restraints
        1. Quality Concerns

        2. Safety Regulations

        3. Limited Applications

        4. Environmental concerns

      3. Opportunities
        1. Cost-effectiveness

        2. Regulatory compliance

        3. Fleet optimization

        4. Market expansion

    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 Retread Tires Market, By Vehicle Type, 2020 - 2030 (USD Million)
      1. Passenger cars
      2. Light Commercial Vehicles
      3. Heavy Trucks & Buses
      4. Off-road vehicles
    2. Global Retread Tires Market, By Process Type, 2020 - 2030 (USD Million)
      1. Pre Cure
      2. Mold Cure
    3. Global Retread Tires Market, By Sales Channel, 2020 - 2030 (USD Million)
      1. OEM Service Provider
      2. Independent Service Providers
    4. Global Retread Tires Market, By End-User, 2020 - 2030 (USD Million)
      1. Transportation & logistics
      2. Construction & mining
    5. Global Retread Tires 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 ASEAN (Association of South East Asian Countries)
        6. 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 Corporation
      2. Continental AG
      3. Goodyear Tire and Rubber Company
      4. KRAIBURG Austria GmbH & Co. KG
      5. Marangoni S.p.A.
      6. Michelin
      7. Rethread (Pty) Ltd
      8. Southern Tire Mart
      9. Sumitomo Rubber Industries, Ltd.
      10. TreadWright Tires
  7. Analyst Views
  8. Future Outlook of the Market

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