Global Automotive Retreaded Tires Market 2024-2028
The automotive retreaded tires market is forecasted to grow by USD 3112.5 mn during 2023-2028, accelerating at a CAGR of 5.87% during the forecast period. The report on the automotive retreaded tires market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the cost advantage of retreaded tires, energy conservation and environmental benefits of using retreaded tires, and the increase in demand for M and HCVs.
Technavio's automotive retreaded tires market is segmented as below:
By Product
By Vehicle Type
- Commercial vehicle
- Passenger vehicle
By Geography
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the development in the field of retreaded tires and their designs as one of the prime reasons driving the automotive retreaded tires market growth during the next few years. Also, growing development of advanced tire retreading processes and technologies and recent developments in automotive retreaded tires will lead to sizable demand in the market.
The report on the automotive retreaded tires market covers the following areas:
- Automotive retreaded tires market sizing
- Automotive retreaded tires market forecast
- Automotive retreaded tires market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive retreaded tires market vendors that include Bridgestone Corp., CIO Tyres Pvt. Ltd, Continental AG, Eastern Treads Ltd, JK Tyre and Industries Ltd., Kal Tire, KRAIBURG Austria GmbH and CO. KG, MARANGONI Group, Michelin Group, MRF Ltd., Nokian Tyres Plc, Oliver Rubber Co., RDH Tire and Retread Co., REIFEN HINGHAUS GmbH, ROSLER TYRE INNOVATORS, The Goodyear Tire and Rubber Co., Tyresoles, West End Tire, Yokohama Rubber Co. Ltd., and Parrish Tire Co.. Also, the automotive retreaded tires market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.