Report Description

Global Retread Tire Market By Vehicle Type (Commercial Vehicle, Passenger Car & OTR Vehicle), By Retread Process (Cold Process & Hot Process), By Region (Asia-Pacific, North America, South America & Others), Competition, Forecast & Opportunities, 2023

  • Publish Date:January, 2019
  • Format : pdf
  • Pages : 190
  • Industry : Automotive

Retread tire market is forecast to grow from $ 9.6 billion in 2017 to more than $ 11.5 billion by 2023 globally. Though the market witnessed a slight decline during 2013-2017, owing to growing penetration of cheaper Chinese tire, retread tire sales are expected to recover  in the coming years backed by growing consumer acceptance of retread tires and rising prices of new tires. Moreover, growing sales of commercial vehicles on account of rising infrastructure development and construction activities across the globe is further anticipated to push demand for retread tires, globally. Additionally, retread tire market is anticipated to be positively influenced by increasing number of technological advancements during the forecast period.

Years considered for this report:

Historical Years: 2013-2016

Base Year: 2017

Estimated Year: 2018

Forecast Period: 2019–2023

Objective of the Study:

  • To analyze and forecast the market size of the global retread tire market.
  • To classify and forecast retread tire market based on vehicle type, by retread process and by region.
  • To identify drivers and challenges for retread tire market globally.
  • To identify and analyze the profile of leading players involved in the manufacturing of retread tires, globally.

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Some of the major players operating in  retread tire market worlwide are Elgi Rubber Company Limited, INDAG RUBBER LIMITED, MRF PRETREADS, Vipal Borrachas, Marangoni S.p.A., Bridgestone Bandag, LLC, Michelin Retread Technologies, Goodyear Tire & Rubber Company, Midas Rubber India Private Limited and Sun Tyre Industries.

To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of retread tire distributors and dealers operating globally. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels, and regional presence of all major retread tire companies across the globe.

TechSci Research calculated the market size for global retread tire market using a bottom-up technique, wherein the volume sales data for different product type (Passenger Car, Commercial vehicle & Off-the-Road vehicles) was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical data of respective companies to arrive at the overall market size. Multiple secondary sources such as directories, databases such as SIAM, World Bank, company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.   

Key Target Audience:

  • Retread tire manufacturers, suppliers, distributor and other stakeholders
  • Automotive OEMs
  • Associations, organizations, forums and alliances related to retread tire industry
  • Government bodies such as regulating authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as retread tire manufacturers, distributors, policy makers and other stakeholders. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, retread tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, by Vehicle Type:
    • Passenger Cars
    • Commercial Vehicles
    • Off-the-Road Vehicles
  • Market, by Retread Process:
    • Cold Process
    • Hot Process
  • Market, by Region:
    • Asia-Pacific
    • North America
    • South America
    • Europe & CIS
    • Middle East & Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in global retread tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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