Automotive Retread Tires Market Research Report - Global Forecast till 2027

Automotive Retread Tires Market Research Report: Information by Process Type (Pre-Cure and Mold Cure), by Sales Channel (OEM and Aftermarket), by Vehicle Type (Passenger Cars, Light Commercial, Heavy Commercial), and Region - Forecast till 2027

ID: MRFR/AM/5457-HCR | February 2021 | Region: Global | 100 pages

Automotive Retread Tires Market Synopsis:


Global automotive retread tires market has seen remarkable growth; expected to rise at a CAGR of ~5%.


Increasing demand for tires from fleet owners is the major driving factor for the growth of the global automotive retread tires market. According to OICA, there is a continuous increase in the consumption of tires in the passenger car and especially in heavy commercial vehicles, which increase the need for retread tires in the vehicles. Stringent government norms and increased environmental concern will enhance the demand for retread tires among the manufacturers and consumers. High-cost benefits from the retreading of old and worn out tires will open up new opportunities for the new manufacturers in the global market. According to tire manufacturers, the retreading of old tires will save at least 30% of the overall cost compared to new tires and further positively impact the environment. Bridgestone Corporation and the Goodyear tire manufacturing company investing heavily in inspection and development of old tires. However, according to US National Highway Traffic Safety Administration (NHTSA) identifies the consumer behavior about the using of retread tires. The NHTSA is continuing research about the proportion of tire condition from retreading of tires and comparison with new tires. However, consumer satisfaction and awareness about the retread tire is the major concern for retread tire manufacturers.


The automotive retread tires are also called remold tires. Retread tires is a remanufacturing of old and worn out vehicle tires. The remanufacturing process replaces the worn out treads with the new treads. The remanufacturing of tires conservers 20% of the material cost and 90% of the material used in spent tires. Moreover, retread tires are environment-friendly product solution and witnessing support from various government bodies which influences and awareness about the use of retread tires.


The Prominent Players


The prominent players in the global automotive retread tires market include Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (US), Michelin (France), Marangoni S.p.A. (Italy), and Nokian Tyres plc (Finland). MRF Tyres (India), KRAIBURG AUSTRIA GmbH & CO. KG (Austria), JK Tyres (India), Pilipinas Kai Rubber Corporation (Philippines), and Eastern Treads (India) are among others


Segmentation: Global Automotive Retread Tires Market Automotive Retread Tires Market Segmentation


Global automotive retread tires market is segmented on the basis of process type, sales channel, vehicle type, and region. On the basis of process type, the market has been segmented into pre cure and mold cure. On the basis of sales channel, the market has been segmented into OEM and aftermarket. On the basis of vehicle type, the market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle.


Geographically, the global automotive retread tires market has been segmented into the four major regions of North America, Europe, Asia-Pacific, and the Rest of the World. The automotive retread tires market in Asia Pacific is expected to dominate the market in terms of market share followed by Europe. Sales of retread tire is expected to hold the highest CAGR during the forecast period owing to high cost benefits with manufacturing of retread tires. Moreover, the growing environment concern due to increasing automobile consumption will enhance the demand for automotive retread tires in Asia-Pacific. In Europe, EC Regulation 108 and EC Regulation 109 is implemented, in which it is mandatory to remanufacturing of passenger car tires and commercial vehicle tires. The EC Regulation will enhance the production and consumption of retread tires in Europe.


.The report for Global Automotive Retread Tires Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant Value
  CAGR   5% CAGR (2020-2027)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Process Type, Sales Channel, Vehicle Type
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (US), Michelin (France), Marangoni S.p.A. (Italy), and Nokian Tyres plc (Finland). MRF Tyres (India), KRAIBURG AUSTRIA GmbH & CO. KG (Austria), JK Tyres (India), Pilipinas Kai Rubber Corporation (Philippines), and Eastern Treads (India
  Key Market Opportunities

  • Increasing automobile consumption
  • Stringent government norms and increased environmental concern will enhance the demand for retread tires among the manufacturers and consumers
  •   Key Market Drivers

  • Increase in the sales of automobile
  • Increase the need for cost-effective tires for heavy commercial vehicles
  • Increasing demand for tires from fleet owners


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    Frequently Asked Questions (FAQ) :


    Increase in need for affordable automotive tires can impel the global automotive retread tires market at about 5% CAGR in the forecast period (2018 to 2023).

    The increase in the sales of automobile is observed as the major factor to induce market growth. In addition, increase the need for cost-effective tires for heavy commercial vehicles can bolster the worldwide automotive retread tires market expansion.

    Automotive retread tires are environmental friendly. The sales of retread tire in APAC is high due to the growing need to curb pollution. Hence, Asia Pacific is expected to hold the highest share of the global market.

    Nokian Tyres plc (Finland), MRF Tyres (India), JK Tyres (India), KRAIBURG AUSTRIA GmbH & CO. KG (Austria), and Pilipinas Kai Rubber Corporation (Philippines) are some major key players of automotive retread tire market, enlisted by MRFR.

    Pre-cure and mold-cure are process type-based segments of the market. The mold-cure segment is expected to generate high revenue for the market.