In this report, Planet Market Reports covers the present scenario with the base year being 2017 and the growth prospects of global Retread Tires market for 2018-2023.
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.
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Over the next five years, Planet Market Reports projects that Retread Tires will register a xx% CAGR in terms of revenue, reach US$ xx million by 2023, from US$ xx million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Retread Tires market by product type, application, key manufacturers and key regions.
To calculate the market size, Planet Market Reports considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Pre Cure Process
Mold Cure Process
Segmentation by application:
OEM Service Providers
Independent Service Providers
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Canton Bandag Tire Co
New England Truck Tire Centers
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
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