Retreading is a re-manufacturing process through which old and worn out tire treads are replaced by new ones. Retreading is applied to casings of old tires after inspection. Retreading of tires costs at least 40% less than the cost of a new tire. The cost effectiveness offered by Retread tires is one of the primary factors driving market growth, which is further supplemented by the robust growth of the transportation industry. Furthermore, retread tires and tire retreading are environment-friendly solutions and hence, are witnessing support from various regulating bodies encouraging the use of retread tires.
The increased utilization of internet-based reporting system for effectual customer services is one of the key trends that will contribute to the growth of this market. The increased competition levels among players for retreaded tires is compelling manufacturers to restructure their operational processes and increase customer satisfaction using effectual customer services such as internet-based reporting systems. Goodyear Tire & Rubber Company have their authorized retreading process and an exclusive production control with a performance reporting system. This system keeps track of the retreads from pick-up to delivery using many barcode labeling and also offers cost reports to customers.
The China Retread Tires market is expected to represent significantly high incremental opportunity between 2017 and 2023 and the South East Asia & Pacific Retread Tires market is projected to expand at significant CAGR in terms of volume over the forecast period.
In 2019, the market size of Tire Retreading is 7820 million US$ and it will reach 11000 million US$ in 2025, growing at a CAGR of 4.4% from 2019; while in China, the market size is valued at xx million US$ and will increase to xx million US$ in 2025, with a CAGR of xx% during forecast period.
In this report, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Tire Retreading.
This report studies the global market size of Tire Retreading, especially focuses on the key regions like United States, European Union, China, and other regions (Japan, Korea, India and Southeast Asia).
This study presents the Tire Retreading production, revenue, market share and growth rate for each key company, and also covers the breakdown data (production, consumption, revenue and market share) by regions, type and applications. history breakdown data from 2014 to 2019, and forecast to 2025.
For top companies in United States, European Union and China, this report investigates and analyzes the production, value, price, market share and growth rate for the top manufacturers, key data from 2014 to 2019.
In global market, the following companies are covered:
Bridgestone Corp.
The Goodyear Tire and Rubber
Marangoni S.p.A
Valley Tire Company
Parrish Tire Company
TreadWright
Redburn Tire Company
Oliver Rubber Company
Market Segment by Product Type
Pre Cure
Mold Cure
Market Segment by Application
Passenger Cars
Light Commercial Vehicles
Heavy Commercial Vehicles
Key Regions split in this report: breakdown data for each region.
United States
China
European Union
Rest of World (Japan, Korea, India and Southeast Asia)
The study objectives are:
To analyze and research the Tire Retreading status and future forecast in United States, European Union and China, involving sales, value (revenue), growth rate (CAGR), market share, historical and forecast.
To present the key Tire Retreading manufacturers, presenting the sales, revenue, market share, and recent development for key players.
To split the breakdown data by regions, type, companies and applications
To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
To identify significant trends, drivers, influence factors in global and regions
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
In this study, the years considered to estimate the market size of Tire Retreading are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
Summary:
Get latest Market Research Reports on Tire Retreading. Industry analysis & Market Report on Tire Retreading is a syndicated market report, published as Global (United States, European Union and China) Tire Retreading Market Research Report 2019-2025. It is complete Research Study and Industry Analysis of Tire Retreading market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.