The Automotive retread tires market will grow at a CAGR of 3.4% in the forecast period of 2021 to 2028. Increasing demand for tires from fleet owners is an essential factor driving the automotive retread tires market.
Automotive Retread Tires Market analysis report puts light on several factors such as market size in various countries around the world, projected CAGR of the market to grow in the forecast period 2022-2030, base year calculated in the report, key factors driving the market, most influencing segment growing in the market, top companies that hold the market share in the market, region to provide more business opportunities in the coming years and more. The report also presents the vendor landscape and a corresponding detailed analysis of the major vendors operating in the market. Automotive Retread Tires Market makes some important proposals for a new project of Automotive Retread Tires Market before evaluating its feasibility.
The Automotive Retread Tires Market gives market analysis by taking into account market structure along with forecast of the various segments and sub-segments of the ABC industry. The market size, revenue generated from the sales and technologies by various application segments are also evaluated in this Automotive Retread Tires Market. This Automotive Retread Tires Market document delivers the best analytics through exhaustive research methodologies. A detailed qualitative analysis of the factors responsible for driving and restraining growth of the market opportunities have also been discussed in this business report. Analysis of upstream raw materials, downstream demand, and current market dynamics is also performed here.
Automotive Retread Tires Market Scope and Market Size
Automotive retread tires market is segmented on the basis of process, sales channel, tire position, production method and vehicle type. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
· On the basis of process, automotive retread tires market is segmented into pre-cure and mold cure.
· Based on sales channel, the automotive retread tires market is segmented into OEM and aftermarket.
· Based on tire position, the automotive retread tires market is segmented into drive axle and trailer axel.
· Based on production method the automotive retread tires market is segmented into pre cure and mold cure.
· The automotive retread tires market is also segmented on the basis of vehicle type into passenger cars, light commercial vehicles, heavy trucks & buses, off-road vehicles and commercial aircrafts.
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Market Analysis and Insights - Automotive Retread Tires Market
Ø Automotive retread tires market will grow at a CAGR of 3.4% in the forecast period of 2021 to 2028. Increasing demand for tires from fleet owners is an essential factor driving the automotive retread tires market.
Ø Retreading is a type of a re-fabricating process through which worn out and old tire tracks are superseded by the new ones. Retreading of tires generally comes at almost 40% less than the original new tires and the cost viability offered by retread tires is an essential factor hiking the market development, which is additionally improved by the powerful development of the transportation business. Moreover, retread tires and tire retreading are nature-friendly solutions and thus, are seeing help from various managing bodies empowering the utilization of retread tires.
The report answers questions such as:
1) What is the market size and forecast of the Automotive Retread Tires Market?
2) What are the inhibiting factors and impact of COVID-19 shaping the Automotive Retread Tires Market during the forecast period?
3) Which are the products/segments/applications/areas to invest in over the forecast period in the Automotive Retread Tires Market?
4) What is the competitive strategic window for opportunities in the Automotive Retread Tires Market?
5) What are the technology trends and regulatory frameworks in the Automotive Retread Tires Market?
6) What is the market share of the leading vendors in the Automotive Retread Tires Market?
7) What modes and strategic moves are considered suitable for entering the Automotive Retread Tires Market?
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Automotive Retread Tires Market Country Level Analysis
Automotive retread tires market is analysed and market size, volume information is provided by country, process, sales channel, tire position, production method and vehicle type as referenced above.
The countries covered in the automotive retread tires market report are
• (UK)
• 3D-Radar (Norway)
• Chemring Group PLC (UK)
• Exploration Instruments LLC (US)
• GSSI Geophysical Survey Systems
• Geoscanners AB (Sweden)
• Ground Penetrating Radar Systems
• Groundradar (Spain)
• Guideline Geo (Sweden)
• HEXAGON (Sweden)
• ImpulseRadar (Sweden)
• Inc. (US)
• LLC (US)
• MALA GPR Australia (Australia)
• Maverick Inspection Ltd. (Canada)
• PENETRADAR CORPORATION (US)
• Proceq (Switzerland)
• Radiodetection Ltd.
• SSI Services UK Ltd. (UK)
• Transient Technologies (Ukraine)
• US Radar (US)
• Utsi Electronics (UK)
• among others.
• and Japan Radio Co (Japan)
• Sensors & Software Inc. (Canada)
Asia-Pacific dominates the automotive retread tires market due to growing environment concern, increasing automobile consumption enhancing the demand for automotive retread tires, rising stringent government norms and rising demand of the vehicles due to increase in population and increasing disposable income in this region. Europe is the expected region in terms of growth in automotive retread tires market due to rising demand of automotive sector in this region.
Key Players- Automotive Retread Tires Market
The major players covered in automotive retread tires market report are Continental AG, Bridgestone Corporation, Michelin, The Goodyear Tyre & Rubber Company, Pirelli & C. S.p.A., Sumitomo Corporation, Yokohama Tire Corporation, Hankook Tire & Technology Co.,Ltd. Nokian Tyres plc, CEAT Ltd., Toyo Tire Corporation, Shandong Tang Ren Import and Export Trading Co., Ltd., Hebei Huichao Machinery Parts Co., Ltd., Zhejiang PDW Industrial Co., Ltd., Jiangxi Deyou Technology Co., Ltd., Pengda Rubber Product Factory, Qingdao Keter Tyre Co.Limited Trading Company, Shandong Juling Group, Aliner Automotive Equipments Pvt. Ltd. and Auto Tool Equipment Solution, among other domestic and global players
MAJOR TOC OF THE REPORT
· Chapter One: Introduction
· Chapter Two: Market Segmentation
· Chapter Three: Market Overview
· Chapter Four: Executive Summary
· Chapter Five: Premium Insights
· Chapter Six: Automotive Retread Tires Market by product type, Application, Form, End User and distribution channel.
Get TOC Details https://www.databridgemarketresearch.com/toc/?dbmr=global-automotive-retread-tires-market
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Global Automotive Tires MarketThe GMI Research speculates that the Automotive Tires Market is witnessing an upsurge in demand over the forecast period.
This is mainly due to the enlargement of the automotive sector, increasing development of infrastructure, and increasing competition among tire producers.Request a FREE Sample of Automotive Tires Market.Introduction of the Automotive Tires Market:An automotive tire refers to a circular component made up of a tensile, vigorous rubber casing affixed to the rim of a wheel.
In short, the tires impart a gripping surface for resistance between the road surface and vehicles and protection for the wheels of moving vehicles to minimize the influence of vibrations.
Key Players of the Market:The Goodyear Tire & Rubber CompanyContinental AGBridgestone CorporationTHE YOKOHAMA RUBBER CO., LTD.Toyo Tire CorporationMICHELINSumitomo Rubber Industries, Ltd.Pirelli & C. S.p.A.Hankook Tire & Technology Co., LtdCooper Tire & Rubber CompanyAutomotive Tires Market Dynamics The factors elevating the growth of the global automotive smart tires market include the increasing drift of tire manufacturers to produce feasible tires in order to fulfill the rigorous performance norms and the augmenting demand for superior tires.
Also, their fuelling demand as a result of mounting vehicle production throughout the nation and the execution of modernized technology across the production process, such as the inclusion of cumulative manufacturing & 3D printing, will further stimulate the Automotive Tires market size.
Moreover, the elevating sales of automotive across several developing nations as a result of the improvement in living standards and a boost in per-capita income has paved the way for global tire market size.Further, the accelerating penetration of electric vehicles because of the various government initiatives and amplifying apprehension towards the environment further contribute to the market growth.
According to the new market research report "Automotive Tires Market for OE & Replacement by Rim Size (13-15, 16-18, 19-21,>21 inches), Replacement Market, by Aspect Ratio (70), Section Width (230 mm), Season, Vehicle Type, Retreading Market, and Region - Global Forecast to 2025" The tires replacement market is projected to grow at a CAGR of 1.8% to reach a market size of USD 113.1 billion by 2025 from 101.7 billion in 2019.
There are certain key innovators gaining attention in the Automotive Tires Market including CODA Development (Czech Republic), Kumho Tires (South Korea), and Nokian Tyres (Finland).Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=40166492“Passenger cars to be the largest vehicle type in the Automotive Tires Market for OE and Replacement.”Passenger car vehicle type is expected to dominate the Automotive Tires Market for OE and Replacement.
However, factors such as increased average replacement life of tires with the advancement in the technologies, and fluctuating raw material prices may hamper the tire demand in the aftermarket.“Light commercial vehicles to witness significant growth in the tires retreading market.”Retreading of tires has always been a popular concept with heavy commercial vehicles, but with time the potential benefits of using it for light commercial vehicles have been noticed.
On the other hand, according to Retread Tire Association, for large SUVs, a new set of four tires cost for around USD 1,000.
Almost 50% of the cost is saved by adopting retreading for light-duty vehicles.
Thus retreading suppliers are now focusing on light-duty vehicle retreading along with certain tire manufacturers entering into the retreading business, such as The Goodyear Tire & Rubber Company (U.S.) which has more than 1,700 tire retreading and service centers for commercial vehicles.Request FREE Sample Report @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=40166492“Asia-Oceania to grow at the highest CAGR during the forecast period for tires OE and replacement market.”Asia-Oceania is estimated to dominate the Automotive Tires Market for OE and Replacement.
