Market Overview:
The global automotive tire retreading services market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for passenger vehicles and commercial vehicles, and the rising awareness about the benefits of retreading tires over buying new tires. The pre-cure segment is expected to dominate the global automotive tire retreading services market in terms of revenue share during the forecast period, owing to its low cost as compared to mold-cure retreading. However, mold-cure is projected to grow at a higher CAGR than pre-cure during the forecast period, due its superior quality and longer life span as compared to pre-cured tires. In terms of application, commercial vehicle segment is expected hold a larger share in terms of revenue in global automotive tire retreading services market during 2018–2030 followed by passenger vehicle segment.
Product Definition:
Automotive tire retreading services are the process of repairing and re-treading an automotive tire. This service is important because it can help extend the life of a tire, saving the consumer money in the long run.
Pre-cure:
Pre-cure is a process in which the rubber compound of tires is heated to a temperature lower than that of the vulcanization process. In this heating process, sulfur and other impurities are released from the rubber, making it healthier. The heat treatment helps remove internal stresses from tire rubber and makes it suitable for retreading.
The global pre-cure market size was valued at USD 1.6 billion in 2016.
Mold-cure:
Mold-cure is a process in which the rubber compound of an automotive tire is cured with the help of microorganisms. The microorganisms include fungi and bacteria. These organisms live on sugar substrates and compete to grow in damp conditions. As soon as they are exposed to oxygen, they start producing carbon dioxide, heat, and water which leads to curing process of rubber compounds.
Application Insights:
The passenger vehicle application segment led the market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for passenger vehicles in developing countries, such as India, China and Brazil. In addition, stringent regulations regarding reduction in vehicular emissions are expected to drive the demand for retreaded tires across all major regions.
Commercial vehicle application segment is estimated to witness a higher CAGR than that of passenger vehicle over the forecast period owing to increased industrialization activities coupled with rising population along with other factors such as aging fleet of commercial vehicles across various regions globally. Furthermore, growing emphasis on reducing environmental impact coupled with technological advancements will further boost product demand from commercial vehicles applications over the coming years.
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue in 2017. The region is expected to maintain its dominance over the forecast period owing to increasing automotive production and sales, coupled with rising consumer disposable income levels. In addition, growing demand for passenger cars and commercial vehicles on account of changing lifestyles is anticipated to drive regional growth over the forecast period.
The European market was valued at USD X million in 2017 and is projected to grow at a CAGR of XX% from 2018 to 2030 due to stringent regulations regarding fuel consumption as well as vehicle emissions imposed by various regulatory bodies such as ETSI (European Telematics Standards Institute), UNECE (United Nations Economic Commission for Europe) & WLTP (Worldwide Harmonized Light Vehicle Testing Procedure). Moreover, presence of major automobile manufacturers such as BMW Group; Mercedes-Benz AG; Volkswagen Group; AUDI AG; Ferrari S.p.A.; Aston Martin Lagonda Ltd.
Growth Factors:
- Increasing demand for automotive tires owing to the growth of the automotive industry
- Rising number of accidents and tire failures, which is expected to boost the demand for retreaded tires
- Stringent government regulations on tire waste disposal, which is likely to create opportunities for retreading services providers
- Technological advancements in tire manufacturing and increasing awareness about the benefits of retreading among consumers
- Growing popularity of radial tires, which are more prone to wear and tear as compared to other types of tires
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive Tire Retreading Services Market Research Report
By Type
Pre-cure, Mold-cure
By Application
Passenger Vehicle, Commercial Vehicle
By Companies
Bridgestone, Continental, Pomp’s Tire Service, Southern Tire Mart, The Goodyear Tire & Rubber, Zenises, Michelin
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
142
Number of Tables & Figures
100
Customization Available
Yes, the report can be customized as per your need.
Global Automotive Tire Retreading Services Market Report Segments:
The global Automotive Tire Retreading Services market is segmented on the basis of:
Types
Pre-cure, Mold-cure
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Vehicle, Commercial Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Bridgestone
- Continental
- Pomp’s Tire Service
- Southern Tire Mart
- The Goodyear Tire & Rubber
- Zenises
- Michelin
Highlights of The Automotive Tire Retreading Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Pre-cure
- Mold-cure
- By Application:
- Passenger Vehicle
- Commercial Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive Tire Retreading Services 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 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive tire retreading services are a process of repairing or rebuilding worn or damaged tires. This service is typically used on passenger cars, light trucks, and vans. Automotive tire retreading services can be performed by a variety of businesses, including independent repair shops and major automotive manufacturers.
Some of the major companies in the automotive tire retreading services market are Bridgestone, Continental, Pomp’s Tire Service, Southern Tire Mart, The Goodyear Tire & Rubber, Zenises, Michelin.
The automotive tire retreading services market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive Tire Retreading Services 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 Automotive Tire Retreading Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive Tire Retreading Services 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 Automotive Tire Retreading Services 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 Automotive Tire Retreading Services Market Size & Forecast, 2020-2028
4.5.1 Automotive Tire Retreading Services Market Size and Y-o-Y Growth
4.5.2 Automotive Tire Retreading Services Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Pre-cure
5.2.2 Mold-cure
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Passenger Vehicle
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive Tire Retreading Services 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 Automotive Tire Retreading Services 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Pre-cure
9.6.2 Mold-cure
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 Market Size Forecast by Applications
9.10.1 Passenger Vehicle
9.10.2 Commercial Vehicle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Pre-cure
10.6.2 Mold-cure
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 Market Size Forecast by Applications
10.10.1 Passenger Vehicle
10.10.2 Commercial Vehicle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Pre-cure
11.6.2 Mold-cure
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 Market Size Forecast by Applications
11.10.1 Passenger Vehicle
11.10.2 Commercial Vehicle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Pre-cure
12.6.2 Mold-cure
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 Market Size Forecast by Applications
12.10.1 Passenger Vehicle
12.10.2 Commercial Vehicle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Pre-cure
13.6.2 Mold-cure
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) Market Size Forecast by Applications
13.10.1 Passenger Vehicle
13.10.2 Commercial Vehicle
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 Automotive Tire Retreading Services Market: Competitive Dashboard
14.2 Global Automotive Tire Retreading Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bridgestone
14.3.2 Continental
14.3.3 Pomp’s Tire Service
14.3.4 Southern Tire Mart
14.3.5 The Goodyear Tire & Rubber
14.3.6 Zenises
14.3.7 Michelin
