Automotive Retreaded Tires Market to grow by USD 3.11 billion from 2023 to 2028; market is fragmented due to the presence of prominent companies like Bridgestone Corp., KRAIBURG Austria GmbH and CO. KG and JK Tyre and Industries Ltd., and many more

NEW YORK, Nov. 17, 2023 /PRNewswire/ — The automotive retreaded tires market is estimated to grow by USD 3.11 billion from 2023 to 2028, growing at a CAGR of 5.87%. The automotive retreaded tires market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer automotive retreaded tires market are Bridgestone Corp., CIO Tyres Pvt. Ltd, Continental AG, Eastern Treads Ltd, JK Tyre and Industries Ltd., Kal Tire, KRAIBURG Austria GmbH and CO. KG, MARANGONI Group, Michelin Group, MRF Ltd., Nokian Tyres Plc, Oliver Rubber Co., RDH Tire and Retread Co., REIFEN HINGHAUS GmbH, ROSLER TYRE INNOVATORS, The Goodyear Tire and Rubber Co., Tyresoles, West End Tire, Yokohama Rubber Co. Ltd., and Parrish Tire Co.

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Company Offering:

Bridgestone Corp. – The company offers automotive retreaded tires that significantly contribute to the reduction of discarded tires as well as the reduction of waste in communities.
KRAIBURG Austria GmbH and CO. KG – The company offers automotive retreaded tires such as K base tire, K tech tire, and K plus tire.
JK Tyre and Industries Ltd. – The company offers automotive retreaded tires such as VEM Rock, SONA TF 130, and JET Rock XTRA.
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Based on Geography, the market is classified as North America, APAC, Europe, South America, and Middle East and Africa.

North America is estimated to contribute 35% to the growth of the global market during the forecast period. The US, Canada, and Mexico are the major contributors to the regional automotive retreaded tires market. Some of the main factors driving the market for vehicle retreading in this region today are improved tread durability, an increased supply of rubbers, rising labor costs, and a lack of skilled technicians.

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Impactful driver- Cost advantage of retreaded tires
Key Trend – Development in the field of retreaded tires and their designs
Major Challenges – Disadvantages of retreaded tires

Market Segmentation

Based on Product, the market is classified into precure and mold cure. The precure segment is estimated to witness significant growth during the forecast period. The process where the new tread rubber is affixed to the tire casing by applying it with special curing shall be referred to as Precure retreading. In comparison with other retreading techniques, this segment has gained momentum because of its wide range of benefits and advantages.

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Automotive Retreaded Tires Market Scope
Report Coverage	Details
Historic period	2018-2022
Growth momentum & CAGR	Accelerate at a CAGR of 5.87%
YoY growth 2022-2023 (%)	5.71
Regional analysis	North America, APAC, Europe, South America, and Middle East and Africa
Key countries	US, China, India, Thailand, and Germany

TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Product

7 Market Segmentation by Vehicle Type

8 Customer Landscape

9 Geographic Landscape

10 Drivers, Challenges, and Trends

11 Company Landscape

12 Company Analysis

13 Appendix

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