Automotive Tire Retreading Services Market Size to Grow by USD 745.75 million | Environmental Benefits Associated with the Adoption of Retreaded Tires to Boost Market Growth | 17,000+ Technavio Research Reports

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NEW YORK, May 23, 2022 /PRNewswire/ -- The "Automotive Tire Retreading Services Market by Technology (Pre-cure and Mold-cure) and Geography (APAC, North America, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The automotive tire retreading services market report is segmented by technology (pre-cure and mold-cure) and geography (APAC, North America, Europe, South America, and the Middle East and Africa).

Technavio has announced its latest market research report titled
Automotive Tire Retreading Services Market by Technology and Geography - Forecast and Analysis 2022-2026
Technavio has announced its latest market research report titled Automotive Tire Retreading Services Market by Technology and Geography - Forecast and Analysis 2022-2026

The potential growth difference for the automotive tire retreading services market between 2021 and 2026 is USD 745.75  mn. To get the exact yearly growth variance and the Y-O-Y growth rate, Talk to our analyst.

Key Market Dynamics:

  • Market Driver: The environmental benefits associated with the adoption of retreaded tires are driving the global automotive tire retreading services market growth. Retreaded tires help in controlling environmental pollution significantly by increasing the actual productive life of tires. These tires also conserve less energy compared to the energy used for manufacturing new tires. Such factors will support the market growth in the coming years.

  • Market Challenges: The cost pressure is challenging the global automotive tire retreading services market growth. The surge of imported new low-cost tires has put pressure on tire retreading service providers to maintain an edge on price. In addition, prominent tire manufacturers are engaged in tread supply by adding retreaded offerings to their portfolio. The cost pressure is further aggravated by factors such as higher wages and raw material prices, which are impeding the efficient operations of tire retreading service providers. This will lead to market consolidation, which may limit the market growth in the forecast period.

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Market Segmentation

By technology, the pre-cure segment will have significant market share growth during the forecast period. In the pre-cure process, a used tire goes through the primary initial inspection and buffing process before entering the pre-cure retreading process. This process needs fewer investments in addition to reduced follow-up costs, which will drive the segment growth in the coming years.

APAC will be the leading region with 35% of the market's growth during the forecast period. India, China, and Thailand are the key countries for the automotive tire retreading services market in APAC.

View our sample report for additional insights into the contribution of all the segments and regional opportunities in the report.

Some Companies Mentioned

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Related Reports:

Specialty Tires Market by Application and Geography - Forecast and Analysis 2022-2026

Automotive Retreaded Tires Market by Product and Geography - Forecast and Analysis 2022-2026

Automotive Tire Retreading Services Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 4.69%

Market growth 2022-2026

USD 745.75 million

Market structure

Fragmented

YoY growth (%)

3.33

Regional analysis

APAC, North America, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 35%

Key consumer countries

US, India, China, Thailand, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Aik Koon Tyre and Battery Co. Pte Ltd., Best-One Tire and Service, Bridgestone Corp., Continental AG, Eastern Treads Ltd, JK Tyre and Industries Ltd., Kal Tire Mining Tire Group, KRAIBURG AUSTRIA GmbH and CO. KG, MARANGONI Group, McCarthy Tire Service, Michelin Group, MRF Ltd., Nokian Tyres Plc, Pilipinas Kai Rubber Corp, Pomps Tire Service Inc, Purcell Tire Wholesale Center, Southern Tire Mart, The Goodyear Tire and Rubber Co., Tyresoles, and Zenises ltd

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Key Topics Covered:

1 Executive Summary

  • 1.1 Market overview

2 Market Landscape

  • 2.1 Market ecosystem

3 Market Sizing

  • 3.1 Market definition

  • 3.2 Market segment analysis

  • 3.3 Market size 2021

  • 3.4 Market outlook: Forecast for 2021-2026

4 Five Forces Analysis

  • 4.1 Five forces summary

  • 4.2 Bargaining power of buyers

  • 4.3 Bargaining power of suppliers

  • 4.4 Threat of new entrants

  • 4.5 Threat of substitutes

  • 4.6 Threat of rivalry

  • 4.7 Market condition

5 Market Segmentation by Technology

  • 5.1 Market segments

  • 5.2 Comparison by Technology

  • 5.3 Pre-cure - Market size and forecast 2021-2026

  • 5.4 Mold cure - Market size and forecast 2021-2026

  • 5.5 Market opportunity by Technology

6 Customer Landscape

  • 6.1 Customer landscape overview

7 Geographic Landscape

  • 7.1 Geographic segmentation

  • 7.2 Geographic comparison

  • 7.3 APAC - Market size and forecast 2021-2026

  • 7.4 North America - Market size and forecast 2021-2026

  • 7.5 Europe - Market size and forecast 2021-2026

  • 7.6 South America - Market size and forecast 2021-2026

  • 7.7 Middle East and Africa - Market size and forecast 2021-2026

  • 7.8 India - Market size and forecast 2021-2026

  • 7.9 China - Market size and forecast 2021-2026

  • 7.10 US - Market size and forecast 2021-2026

  • 7.11 Thailand - Market size and forecast 2021-2026

  • 7.12 Germany - Market size and forecast 2021-2026

  • 7.13 Market opportunity by geography

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers

  • 8.2 Market challenges

  • 8.3 Impact of drivers and challenges

  • 8.4 Market trends

9 Vendor Landscape

  • 9.1 Overview

  • 9.2 Vendor landscape

  • 9.3 Landscape disruption

  • 9.4 Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered

  • 10.2 Market positioning of vendors

  • 10.3 Aik Koon Tyre and Battery Co. Pte Ltd.

  • 10.4 Best-One Tire and Service

  • 10.5 Bridgestone Corp.

  • 10.6 Continental AG

  • 10.7 Kal Tire Mining Tire Group

  • 10.8 McCarthy Tire Service

  • 10.9 Pomps Tire Service Inc

  • 10.10 Southern Tire Mart

  • 10.11 The Goodyear Tire and Rubber Co.

  • 10.12 Zenises ltd

11 Appendix

  • 11.1 Scope of the report

  • 11.2 Inclusions and exclusions checklist

  • 11.3 Currency conversion rates for US$

  • 11.4 Research methodology

  • 11.5 List of abbreviations

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