Global Automotive Retread Tires Market, By Process Type (Pre-Cure, Mold Cure), Sales Channel (OEM, Aftermarket), Tire Position (Drive Axle, Trailer Axel), Production Method (Pre Cure, Mold Cure), Vehicle Type (Passenger Cars, Light Commercial Vehicles, Heavy Trucks & Buses, Off-Road Vehicles, Commercial Aircrafts), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Retread Tires Market
Automotive retread tires market will grow at a CAGR of 3.4% in the forecast period of 2021 to 2028. Increasing demand for tires from fleet owners is an essential factor driving the automotive retread tires market.
Retreading is a type of a re-fabricating process through which worn out and old tire tracks are superseded by the new ones. Retreading of tires generally comes at almost 40% less than the original new tires and the cost viability offered by retread tires is an essential factor hiking the market development, which is additionally improved by the powerful development of the transportation business. Moreover, retread tires and tire retreading are nature-friendly solutions and thus, are seeing help from various managing bodies empowering the utilization of retread tires.
Rise in the consumption of tires in the passenger car and especially in heavy commercial vehicles is a crucial factor accelerating the market growth, also rising stringent government norms and increased environmental concern, rising innovations in materials and advancements utilized for automotive manufacturing, the normal operational period of vehicles has expanded considerably, which in turn increases the demand for vehicles, rise in the production of vehicles all over the globe, rising demand of the vehicles due to increase in population and increasing disposable income are the major factors among others boosting the automotive retread tires market. Moreover, rising technological advancements and increasing modernization in the production techniques of vehicles and rising research and development activities in the market will further create new opportunities for automotive retread tires market in the forecast period mentioned above.
However, increase in the prices of vehicles due to increased technology is the vital factor among others which will curtail the market growth, and will further challenge the automotive retread tires market in the forecast period mentioned above.
This automotive retread tires market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive retread tires market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automotive Retread Tires Market Scope and Market Size
Automotive retread tires market is segmented on the basis of process, sales channel, tire position, production method and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of process, automotive retread tires market is segmented into pre-cure and mold cure.
- Based on sales channel, the automotive retread tires market is segmented into OEM and aftermarket.
- Based on tire position, the automotive retread tires market is segmented into drive axle and trailer axel.
- Based on production method the automotive retread tires market is segmented into pre cure and mold cure.
- The automotive retread tires market is also segmented on the basis of vehicle type into passenger cars, light commercial vehicles, heavy trucks & buses, off-road vehicles and commercial aircrafts.
Automotive Retread Tires Market Scope Country Level Analysis
Automotive retread tires market is analysed and market size, volume information is provided by country, process, sales channel, tire position, production method and vehicle type as referenced above.
The countries covered in the automotive retread tires market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the automotive retread tires market due to growing environment concern, increasing automobile consumption enhancing the demand for automotive retread tires, rising stringent government norms and rising demand of the vehicles due to increase in population and increasing disposable income in this region. Europe is the expected region in terms of growth in automotive retread tires market due to rising demand of automotive sector in this region.
The country section of the automotive retread tires market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Retread Tires Market Share Analysis
Automotive retread tires market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive retread tires market.
The major players covered in automotive retread tires market report are Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tyre & Rubber Company, Pirelli & C. S.p.A., Sumitomo Corporation, Yokohama Tire Corporation, Hankook Tire & Technology Co.,Ltd. Nokian Tyres plc, CEAT Ltd., Toyo Tire Corporation, Shandong Tang Ren Import and Export Trading Co., Ltd., Hebei Huichao Machinery Parts Co., Ltd., Zhejiang PDW Industrial Co., Ltd., Jiangxi Deyou Technology Co., Ltd., Pengda Rubber Product Factory, Qingdao Keter Tyre Co.Limited Trading Company, Shandong Juling Group, Aliner Automotive Equipments Pvt. Ltd. and Auto Tool Equipment Solution, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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