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Global Retread Tires Market by Type (Pre Cure Process, Mold Cure Process), By Application (OEM, Aftermarket) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: AT-35299
  • Author: Up Market Research
  • Rating: 4.8
  • Total Reviews: 69
  • No. Of Pages: 227
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  • Pub. Date: 2021-04-04
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The Global Retread Tires Market size is projected to grow from USD 44.8 billion in 2020 to USD 51.1 billion by 2025, at a CAGR of 2%. The growth can be attributed due to the high demand for retreading as an eco-friendly process and the increase in vehicle production. Retreading offers financial benefits such as cost savings and increased tire life which are driving its adoption from OEMs worldwide.

 

 

Retread tires are a type of reused tire that has been re-manufactured. The retreading process involves stripping off the worn tread from the tire and applying new tread using specialized equipment to make it as good as new. In addition, there is no change in dimensions or technical specifications of these rubber products when they get refurbished which makes them an economical alternative to buying a brand new product while avoiding waste generation that would happen if you throw away old assets completely. Retreading tires is a process that involves recapping or retreading an existing tire. Retreaded tires are produced from the used original equipment manufacturer (OEM) and aftermarket automobile tires, which have been repaired by placing another tread over the worn-out or damaged one. Retreads provide equivalent safety to new-tire performance at a lower cost compared with buying new tires for vehicles in Europe and North America. It also drastically reduces the disposal fee as 90% of a truck tire can be reused according to estimates.

 

 

On the basis of Type, the global retread tires market is segmented into Pre Cure Process and Mold Cure Process.

 

 

Pre Cure Process:

The Pre Cure Process is a type of retreading process which involves the application of rubber on top of an existing tire. This process is carried out before immobilizing the old tread with glue and it helps in providing additional adhesion between tread compounds, body ply cords, sub-treads, bead filler, etc. The pre-cure process is done by using a preform, which is the tire’s initial form, inflated with pressurized air. The molding cavity on top of it is filled with rubber compounds and then heated to high temperatures. This makes slides more easily over the surface of the curing chamber wall.

 

 

Mold Cure Process:

The mold Cure Process consists of applying heat and pressure to the tire in order to bond the new tread rubber compound with the existing one. This process is known as Retreading, which increases longevity by up to 40% over standard tires. This process requires the remanufacturer to remove the tire's tread and then clean it on a wheel lathe. The heat is applied directly onto the scorched areas on both sides of the new or used rubber, this ensures that no air bubbles remain in the retreaded area. Once cooled down, one can apply additional layers of compounds for further curing purposes if required.

 

 

On the basis of Application, the global retread tires market is segmented into OEM & Aftermarket.

 

 

OEM:

Retread tires are used as original equipment (OEM) in the automotive industry for autos, light commercial vehicles, and trucks. The best use of retreads is to manage cost by reusing an old tire rather than purchasing a new one. This reduces the expenditure incurred on the purchase of replacement parts and also saves fuel that would have been otherwise consumed while using a new tire. Retread tires are used in the OEM sector for their high efficiency and long-lasting performance. They not only reduce vehicle downtime but also help to lower maintenance costs throughout its life cycle, helping original equipment manufacturers (OEMs) gain a competitive advantage over others.

 

 

Aftermarket:

Retread tires can be used in the Aftermarket sector for different applications such as trailers, heavy trucks, and buses. It is estimated that 45% of retreads are produced as replacement units i.e., they replace worn-out conventional tires on commercial vehicles (trucks, buses, etc.). Retread tires are used in the Aftermarket sector to replace original equipment manufacturer (OEM) all-season radial, light truck, and medium truck tires. Retreads have several advantages over new tires, including longer tread life by about three times as compared with new OEM tires, less impact on the environment due to their reduced scrap rate of approximately 50 percent or more when reusing an existing casing instead of manufacturing a new one for each tire replacement.

 

 

On the basis of Region, the global retread tires market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America held the largest share of the global retread tires market in 2017 owing to the increasing number of accidents on high-speed roads resulting in huge demand for new tires. The Asia Pacific is projected to be the fastest-growing region during the forecast period 2018 – 2028 due to rapidly increasing vehicle production across countries such as India, China, and Japan. In addition, a rise in disposable income along with an increase in the middle-class population will fuel growth over the next seven years. Europe accounted second-largest revenue share after North America by end of the year 2017 followed closely by Latin American regions largely driven by the widespread use of advanced technology tire manufacturing across countries.

 

 

Growth Factors For The Global Retread Tires Market:

The growth of the global retread tire market can be attributed to rising demand for fuel-efficient cars, aging road infrastructure coupled with rising disposable income among consumers across emerging economies are some key drivers that support the growth of this market globally. Furthermore, The increasing demand for retreading in developed regions, such as North America and Europe, Government initiatives to reduce road accidents by enforcing safety regulations on vehicles with defective or worn-out tires, High demand from the tire manufacturing industry, fuel this market growth.




Up Market Research published a new report titled “Retread Tires Market research report which is segmented by Types (Pre Cure Process, Mold Cure Process), By Applications (OEM, Aftermarket), By Players/Companies Tire Recappers, Canton Bandag Tire Co, New England Truck Tire Centers, Marangoni, Southside Tire”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

 

Report Scope

Report Attributes Report Details
Report Title Retread Tires Market Research Report
By Type Pre Cure Process, Mold Cure Process
By Application OEM, Aftermarket
By Companies Tire Recappers, Canton Bandag Tire Co, New England Truck Tire Centers, Marangoni, Southside Tire
Regions Covered North America, Europe, APAC, Latin America, MEA
Base Year 2020
Historical Year 2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year 2028
Number of Pages 227
Number of Tables & Figures 159
Customization Available Yes, the report can be customized as per your need.
 

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Retread Tires Industry Outlook
 

Global Retread Tires Market Report Segments:

The market is segmented by Type Pre Cure Process, Mold Cure Process and By Application OEM, Aftermarket.

 

Some of the companies that are profiled in this report are:

  1. Tire Recappers
  2. Canton Bandag Tire Co
  3. New England Truck Tire Centers
  4. Marangoni
  5. Southside Tire
 

Retread Tires Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

 

Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Retread Tires Market
 

Overview of the regional outlook of the Retread Tires Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Retread Tires Market Overview
 

Highlights of The Retread Tires Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Retread Tires Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
  6. By Type:

                1. Pre Cure Process

                2. Mold Cure Process

       7. By Application:

                1. OEM

                2. Aftermarket

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.
 

We have studied the Retread Tires Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

 

How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Retread Tires Market Statistics
 

Reasons to Purchase the Retread Tires Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Retread Tires Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Retread Tires Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Retread Tires Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Retread Tires Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Retread Tires Market Size & Forecast, 2018-2028 
      4.5.1 Retread Tires Market Size and Y-o-Y Growth 
      4.5.2 Retread Tires Market Absolute $ Opportunity 


Chapter 5 Global Retread Tires Market Analysis and Forecast by Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Type
      5.1.2 Basis Point Share (BPS) Analysis by Type
      5.1.3 Absolute $ Opportunity Assessment by Type
   5.2 Retread Tires Market Size Forecast by Type
      5.2.1 Pre Cure Process
      5.2.2 Mold Cure Process
   5.3 Market Attractiveness Analysis by Type

Chapter 6 Global Retread Tires Market Analysis and Forecast by Applications
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Applications
      6.1.2 Basis Point Share (BPS) Analysis by Applications
      6.1.3 Absolute $ Opportunity Assessment by Applications
   6.2 Retread Tires Market Size Forecast by Applications
      6.2.1 OEM
      6.2.2 Aftermarket
   6.3 Market Attractiveness Analysis by Applications

Chapter 7 Global Retread Tires Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Retread Tires Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Retread Tires Analysis and Forecast
   9.1 Introduction
   9.2 North America Retread Tires Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Retread Tires Market Size Forecast by Type
      9.6.1 Pre Cure Process
      9.6.2 Mold Cure Process
   9.7 Basis Point Share (BPS) Analysis by Type 
   9.8 Absolute $ Opportunity Assessment by Type 
   9.9 Market Attractiveness Analysis by Type
   9.10 North America Retread Tires Market Size Forecast by Applications
      9.10.1 OEM
      9.10.2 Aftermarket
   9.11 Basis Point Share (BPS) Analysis by Applications 
   9.12 Absolute $ Opportunity Assessment by Applications 
   9.13 Market Attractiveness Analysis by Applications

Chapter 10 Europe Retread Tires Analysis and Forecast
   10.1 Introduction
   10.2 Europe Retread Tires Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Retread Tires Market Size Forecast by Type
      10.6.1 Pre Cure Process
      10.6.2 Mold Cure Process
   10.7 Basis Point Share (BPS) Analysis by Type 
   10.8 Absolute $ Opportunity Assessment by Type 
   10.9 Market Attractiveness Analysis by Type
   10.10 Europe Retread Tires Market Size Forecast by Applications
      10.10.1 OEM
      10.10.2 Aftermarket
   10.11 Basis Point Share (BPS) Analysis by Applications 
   10.12 Absolute $ Opportunity Assessment by Applications 
   10.13 Market Attractiveness Analysis by Applications

Chapter 11 Asia Pacific Retread Tires Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Retread Tires Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Retread Tires Market Size Forecast by Type
      11.6.1 Pre Cure Process
      11.6.2 Mold Cure Process
   11.7 Basis Point Share (BPS) Analysis by Type 
   11.8 Absolute $ Opportunity Assessment by Type 
   11.9 Market Attractiveness Analysis by Type
   11.10 Asia Pacific Retread Tires Market Size Forecast by Applications
      11.10.1 OEM
      11.10.2 Aftermarket
   11.11 Basis Point Share (BPS) Analysis by Applications 
   11.12 Absolute $ Opportunity Assessment by Applications 
   11.13 Market Attractiveness Analysis by Applications

Chapter 12 Latin America Retread Tires Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Retread Tires Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Retread Tires Market Size Forecast by Type
      12.6.1 Pre Cure Process
      12.6.2 Mold Cure Process
   12.7 Basis Point Share (BPS) Analysis by Type 
   12.8 Absolute $ Opportunity Assessment by Type 
   12.9 Market Attractiveness Analysis by Type
   12.10 Latin America Retread Tires Market Size Forecast by Applications
      12.10.1 OEM
      12.10.2 Aftermarket
   12.11 Basis Point Share (BPS) Analysis by Applications 
   12.12 Absolute $ Opportunity Assessment by Applications 
   12.13 Market Attractiveness Analysis by Applications

Chapter 13 Middle East & Africa (MEA) Retread Tires Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Retread Tires Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Retread Tires Market Size Forecast by Type
      13.6.1 Pre Cure Process
      13.6.2 Mold Cure Process
   13.7 Basis Point Share (BPS) Analysis by Type 
   13.8 Absolute $ Opportunity Assessment by Type 
   13.9 Market Attractiveness Analysis by Type
   13.10 Middle East & Africa (MEA) Retread Tires Market Size Forecast by Applications
      13.10.1 OEM
      13.10.2 Aftermarket
   13.11 Basis Point Share (BPS) Analysis by Applications 
   13.12 Absolute $ Opportunity Assessment by Applications 
   13.13 Market Attractiveness Analysis by Applications

Chapter 14 Competition Landscape 
   14.1 Retread Tires Market: Competitive Dashboard
   14.2 Global Retread Tires Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 Tire Recappers
      14.3.2 Canton Bandag Tire Co
      14.3.3 New England Truck Tire Centers
      14.3.4 Marangoni
      14.3.5 Southside Tire
Segments Covered in the Report
The global Retread Tires market has been segmented based on

By Types
  • Pre Cure Process
  • Mold Cure Process
By Applications
  • OEM
  • Aftermarket
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • Tire Recappers
  • Canton Bandag Tire Co
  • New England Truck Tire Centers
  • Marangoni
  • Southside Tire

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