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Retread Tires Market By Process Type (Pre Cure and Mold Cure), By Sales Channel (OEM Service Providers and Independent Service Providers), By Vehicle Class (Commercial Vehicles, Passenger Cars, Off-road Vehicles, Two-wheelers and Electric Vehicles) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027

Published: | Report ID: 9546 | Report Format : PDF

Growing Sales of Commercial Vehicles Market Worldwide to Boost the Demand for Retread Tires

The retread tires market worldwide is projected to risers with a CAGR of 4.9% during the estimated period from 2019 to 2027, starting from US$ 12.65 Bn in 2018. Rising sales of commercial vehicles are expected to continue to boost the demand for retread tires. Retread is a process of re-manufacturing in which a worn tire casing is replaced with a renewed tread and sidewall rubber. Over 500 Mn units of retread tires were sold in 2018. The growth of the tire replacement market worldwide and the increasing used vehicles market are some of the major factors for the market growth. In addition, the cost-effective, long-lasting, and environment-friendly benefits of retread tires are helping the market grow. Therefore, we assume that the retread tires market will show significant growth during the forecast period.

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Market Synopsis

Pre-cure Segment to continue its Dominance

The global retread tires market is segmented into pre-cure and mold cure. The pre-cure Segment led the global retread tires market in 2018. Pre-cure Segment contributed more than 60% of the market revenue share in the same year. Low investment requirements and fewer follow-up costs compared with mold cure are the major factors for the Dominance of the Segment. In addition, more flexible tire sizes, original casing visibility, and less stress on the casing are some of pre-cure’s benefits that drive the segment growth. As a result, we expect the pre-cure Segment to remain its Dominance during the forecast period.

The Asia Pacific to Continue its Dominance during the Forecast Period

The Asia Pacific was the largest value contributor in the global retread tires market, followed by North America and Europe in 2018. The Asia Pacific contributed around 1/3rd of the global revenue share and more than 40% of the volume share in the same year. The Asia Pacific has its Dominance owing to the growing transportation industry, rising used cars market, and development of the replacement tire market in the region. In addition, developing countries of the Asia Pacific, such as India and China, will be the largest contributor due to more revenue generation from the replacement tire segment, with the contribution of above 65% and above 40%, respectively, in Asia Pacific tire industry. Thus, we presume that the Asia Pacific will continue its Dominance throughout the forecast period.

Some of the prominent players operating in the retread tires market include Bridgestone Corporation, Goodyear Tire & Rubber Company, Marangoni S.p.A., Michelin, Valley Tire Company, Parrish Tire Company, Oliver Rubber Company, REDBURN TIRE COMPANY, MRF Limited, JK Tyre & Industries, Nokian Tyres plc, Pirelli & C. S.p.A., Yokohama Rubber Company, Continental AG, and others.

Historical & Forecast Period

This research report presents the analysis of each Segment from 2017 to 2027, considering 2018 as the base year for the research. In addition, compounded Annual Growth Rate (CAGR) for each respective Segment was calculated for the forecast period from 2019 to 2027.

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Report Scope by Segments

The retread tires market report provides market size and estimates based on market dynamics and key trends observed in the industry. In addition, the report provides a holistic view of the global retread tires market based on process type, sales channel, end-use, and geography.

1. Preface
1.1. Report Description
1.1.1. Purpose of the Report
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I – Secondary Research
1.3.2. Phase II – Primary Research
1.3.3. Phase III – Expert Panel Review
1.3.4. Approach Adopted
1.3.4.1. Top-Down Approach
1.3.4.2. Bottom-Up Approach
1.3.5. Assumptions
1.4. Market Segmentation

2. Executive Summary
2.1. Market Snapshot: Global Retread Tires (RT) Market
2.2. Global RT Market, by Process Type, 2018 (US$ Bn)
2.3. Global RT Market, by Sales Channel, 2018 (US$ Bn)
2.4. Global RT Market, by Vehicle Class, 2018 (US$ Bn)
2.5. Global RT Market, by Geography, 2018 (US$ Bn)

3. Market Dynamics
3.1. Introduction
3.1.1. Global RT Market Value, 2017-2027, (US$ Bn)
3.2. Market Dynamics
3.2.1. Market Drivers
3.2.2. Market Restraints
3.3. Attractive Investment Proposition, by Geography, 2018
3.4. Market Positioning of Key Players, 2018
3.4.1. Major Strategies Adopted by Key Players

4. Global Retread Tires (RT) Market, by Process Type , 2017-2027 (US$ Bn)
4.1. Overview
4.2. Pre Cure
4.3. Mold Cure

5. Global Retread Tires (RT) Market, by Sales Channel, 2017-2027 (US$ Bn)
5.1. Overview
5.2. OEM Service Providers
5.3. Independent Service Providers

6. Global Retread Tires (RT) Market, by Vehicle Class, 2017-2027 (US$ Bn)
6.1. Overview
6.2. Commercial Vehicles
6.3. Passenger Cars
6.4. Off-road Vehicles
6.5. Two-wheeler
6.6. Electric Vehicles

7. North America Retread Tires (RT) Market Analysis, 2017-2027 (US$ Bn)
7.1. Overview
7.1.1. North America RT Market Value and Growth, 2017-2027, (US$ Bn)
7.2. North America RT Market Value, By Process Type, 2017-2027 (US$ Bn)
7.2.1. Market Analysis
7.3. North America RT Market Value, By Sales Channel, 2017-2027 (US$ Bn)
7.3.1. Market Analysis
7.4. North America RT Market Value, By Vehicle Class, 2017-2027 (US$ Bn)
7.4.1. Market Analysis
7.5. North America RT Market Value, By Region/Country, 2017-2027 (US$ Bn)
7.5.1. Market Analysis
7.5.2. U.S.
7.5.3. Rest of North America

8. Europe Retread Tires (RT) Market Analysis, 2017-2027 (US$ Bn)
8.1. Overview
8.1.1. Europe RT Market Value and Growth, 2017-2027, (US$ Bn)
8.2. Europe RT Market Value, By Process Type, 2017-2027 (US$ Bn)
8.2.1. Market Analysis
8.3. Europe RT Market Value, By Sales Channel, 2017-2027 (US$ Bn)
8.3.1. Market Analysis
8.4. Europe RT Market Value, By Vehicle Class, 2017-2027 (US$ Bn)
8.4.1. Market Analysis
8.5. Europe RT Market Value, By Region/Country, 2017-2027 (US$ Bn)
8.5.1. Market Analysis
8.5.2. U.K.
8.5.3. Germany
8.5.4. France
8.5.5. Rest of Europe

9. Asia Pacific Retread Tires (RT) Market Analysis, 2017-2027 (US$ Bn)
9.1. Overview
9.1.1. Asia Pacific RT Market Value and Growth, 2017-2027, (US$ Bn)
9.2. Asia Pacific RT Market Value, By Process Type, 2017-2027 (US$ Bn)
9.2.1. Market Analysis
9.3. Asia Pacific RT Market Value, By Sales Channel, 2017-2027 (US$ Bn)
9.3.1. Market Analysis
9.4. Asia Pacific RT Market Value, By Vehicle Class, 2017-2027 (US$ Bn)
9.4.1. Market Analysis
9.5. Asia Pacific RT Market Value, By Region/Country, 2017-2027 (US$ Bn)
9.5.1. Market Analysis
9.5.2. Japan
9.5.3. China
9.5.4. India
9.5.5. Rest of Asia Pacific

10. Rest of the World Retread Tires (RT) Market Analysis, 2017-2027 (US$ Bn)
10.1. Overview
10.1.1. Rest of the World RT Market Value and Growth, 2017-2027, (US$ Bn)
10.2. Rest of the World RT Market Value, By Process Type, 2017-2027 (US$ Bn)
10.2.1. Market Analysis
10.3. Rest of the World RT Market Value, By Sales Channel, 2017-2027 (US$ Bn)
10.3.1. Market Analysis
10.4. Rest of the World RT Market Value, By Vehicle Class, 2017-2027 (US$ Bn)
10.4.1. Market Analysis
10.5. Rest of the World RT Market Value, By Region, 2017-2027 (US$ Bn)
10.5.1. Market Analysis
10.5.2. Middle East & Africa
10.5.3. Latin America

11. Company Profiles
11.1. Bridgestone Corporation
11.2. Goodyear Tire & Rubber Company
11.3. Marangoni S.p.A.
11.4. Michelin
11.5. Valley Tire Company
11.6. Parrish Tire Company
11.7. Oliver Rubber Company
11.8. REDBURN TIRE COMPANY
11.9. MRF Limited
11.10. JK Tyre & Industries
11.11. Nokian Tyres plc
11.12. Pirelli & C. S.p.A.
11.13. Yokohama Rubber Company
11.14. Continental AG

List of Figures

FIG. 1 Global Retread Tires (RT) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global RT Market Segmentation
FIG. 4 Global RT Market, by Process Type, 2018 (US$ Bn)
FIG. 5 Global RT Market, by Sales Channel, 2018 (US$ Bn)
FIG. 6 Global RT Market, by Vehicle Class, 2018 (US$ Bn)
FIG. 7 Global RT Market, by Geography, 2018 (US$ Bn)
FIG. 8 Attractive Investment Proposition, by Geography, 2018
FIG. 9 Global Market Positioning of Key RT Market Manufacturers, 2018
FIG. 10 Global RT Market, by Pre Cure, Value, 2017–2027 (US$ Bn)
FIG. 11 Global RT Market, byMold Cure, Value, 2017–2027 (US$ Bn)
FIG. 12 Global RT Market, by Others (Headset, Lavalier, etc.), Value, 2017–2027 (US$ Bn)
FIG. 13 Global RT Market, by OEM Service Providers, 2017–2027 (US$ Bn)
FIG. 14 Global RT Market, by Independent Service Providers, Value, 2017–2027 (US$ Bn)
FIG. 15 Global RT Market, by Commercial Vehicles, Value, 2017–2027 (US$ Bn)
FIG. 16 Global RT Market, by Passenger Cars, Value, 2017–2027 (US$ Bn)
FIG. 17 Global RT Market, by Off-road Vehicles, 2017–2027 (US$ Bn)
FIG. 18 Global RT Market, by Two-wheeler, Value, 2017–2027 (US$ Bn)
FIG. 19 Global RT Market, by Electric Vehicles, 2017–2027 (US$ Bn)
FIG. 20 U.S. RT Market, 2017–2027 (US$ Bn)
FIG. 21 Canada RT Market, 2017–2027 (US$ Bn)
FIG. 22 U.K. RT Market, 2017–2027 (US$ Bn)
FIG. 23 Germany RT Market, 2017–2027 (US$ Bn)
FIG. 24 France RT Market, 2017–2027 (US$ Bn)
FIG. 25 Italy RT Market, 2017–2027 (US$ Bn)
FIG. 26 Rest of Europe RT Market, 2017–2027 (US$ Bn)
FIG. 27 Japan RT Market, 2017–2027 (US$ Bn)
FIG. 28 China RT Market, 2017–2027 (US$ Bn)
FIG. 29 India RT Market, 2017–2027 (US$ Bn)
FIG. 30 Rest of Asia Pacific RT Market, 2017–2027 (US$ Bn)
FIG. 31 Middle East & Africa RT Market, 2017–2027 (US$ Bn)
FIG. 32 Latin America RT Market, 2017–2027 (US$ Bn)

List of Tables

TABLE 1 Market Snapshot: Global Retread Tires (RT) Market
TABLE 2 Global RT Market, by Process Type, 2017–2027 (US$ Bn)
TABLE 3 Global RT Market, by Sales Channel, 2017–2027 (US$ Bn)
TABLE 4 Global RT Market, by Vehicle Class, 2017–2027 (US$ Bn)
TABLE 5 Global RT Market, by Geography, 2017–2027 (US$ Bn)
TABLE 6 North America RT Market, by Process Type, 2017–2027 (US$ Bn)
TABLE 7 North America RT Market, by Sales Channel, 2017–2027 (US$ Bn)
TABLE 8 North America RT Market, by Vehicle Class, 2017–2027 (US$ Bn)
TABLE 9 North America RT Market, by Country, 2017–2027 (US$ Bn)
TABLE 10 Europe RT Market, by Process Type, 2017–2027 (US$ Bn)
TABLE 11 Europe RT Market, by Sales Channel, 2017–2027 (US$ Bn)
TABLE 12 Europe RT Market, by Vehicle Class, 2017–2027 (US$ Bn)
TABLE 13 Asia Pacific RT Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 14 Asia Pacific RT Market, by Process Type, 2017–2027 (US$ Bn)
TABLE 15 Asia Pacific RT Market, by Sales Channel, 2017–2027 (US$ Bn)
TABLE 16 Asia Pacific RT Market, by Vehicle Class, 2017–2027 (US$ Bn)
TABLE 17 Asia Pacific RT Market, by Country/Region, 2017–2027 (US$ Bn)
TABLE 18 RoW RT Market, by Process Type, 2017–2027 (US$ Bn)
TABLE 19 RoW RT Market, by Sales Channel, 2017–2027 (US$ Bn)
TABLE 20 RoW RT Market, by Vehicle Class, 2017–2027 (US$ Bn)
TABLE 21 RoW RT Market, by Country/Region, 2017–2027 (US$ Bn)

Frequently Asked Questions

What is the size of Retread Tires Market?

The market for Retread Tires is expected to reach US$ 12.65 Bn in 2027.

What is the Retread Tires Market CAGR?

The Retread Tires market is expected to see significant CAGR growth over the coming years, at 4.9%.

What is the Forecast period considered for Retread Tires Market?

The report is forecasted from 2019-2027.

What is the base year considered for Retread Tires Market?

The base year of this report is 2018.

Who are the major players in this market?

Bridgestone Corporation, Goodyear Tire & Rubber Company, Marangoni S.p.A., Michelin, Valley Tire Company, Parrish Tire Company, Oliver Rubber Company, REDBURN TIRE COMPANY, MRF Limited, JK Tyre & Industries, Nokian Tyres plc are some of the major players in the global market.

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