Latest News- Automotive Retreaded Tires Market: Precure is expected to lead the Product segment during 2025-2029

The Automotive Retreaded Tires Market is being driven by Cost advantage of retreaded tires

The Automotive Retreaded Tires Market is expected to grow at a CAGR of 7.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 5199.8 million. The global automotive retreaded tires market is experiencing significant advancements, with a focus on innovative retread designs, high-quality retread compounds, and eco-friendly tire solutions. Notably, companies are investing in the development of fuel-efficient retreaded tires, which offer low-rolling resistance and maintain optimal road traction at all speeds. Prominent market players, such as Goodyear, are leading the charge with offerings like the RT-3B retread tires. These tires boast the same tread design, manufacturing procedures, and materials as new tires, ensuring comparable performance and fuel efficiency. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Precure
  • Mold cure
• Vehicle Type
  • Commercial vehicle
  • Passenger vehicle
• End-user
  • Aftermarket
  • OEM
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • Thailand
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Cost advantage of retreaded tires
• Energy conservation and environmental benefits of using retreaded tires
• Increase in demand for M and HCVs

However, the market also witnesses some limitations, which are as follows:

• Disadvantages of retreaded tires
• Emergence of low-cost tires
• Limited application in passenger vehicles

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Market Scope in Automotive Retreaded Tires Market Research Report

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Research Analysis Overview

The Automotive Retread Tire market encompasses the production and sale of retreaded commercial tires for fleet purchasers, including those in the logistics sector and freight services. Tire manufacturing companies employ retreading technologies to extend the life of truck tires, passenger cars, and light to heavy commercial vehicles. Retreaded designs cater to fleet operators in the commercial vehicle sector, offering cost-effective solutions through pre-cure retreading. OEM service providers also offer retreading services for various vehicle fleets. Raw materials and tire quality are crucial factors in the tire industry, ensuring the durability and performance of retreaded tires in motorsport and budget tires. Regular maintenance is essential for maximizing the vehicle's increased life.

Market Research Overview

The automotive retreaded tires market is a significant segment of the larger global tires and rubber industry. This market specifically focuses on the production and sale of retreaded commercial tires for fleet purchasers, including those for passenger cars, light commercial vehicles, and heavy commercial vehicles, such as trucks. According to Technavio's market research, the global tires and rubber market, which encompasses manufacturers of tires for various vehicle types and raw materials used in tire production, is projected to grow due to the increasing potential of the tire aftermarket. This growth is primarily driven by the long-term ownership of vehicles and the recurring demand for tire replacement among fleet operators.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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Website: www.technavio.com/