Skip to main content

Retread Tires Market Latest Technology and Market Trends & Forecast 2021 – 2030

 Increasing demand from the fleet operators and focus on cost-effectiveness are driving the retread tire market, opines ESOMAR- certified consulting firm, Future Market Insights. Increasing demand from the motorsport industry and expansion of logistic industry have been accelerating sales. The demand is rising among fleet operators as they aim for cost-saving and offering greater sustainability.

The demand will continue rising in response to the increasing production of light and heavy commercial vehicles. Growing environmental and budget concerns have been encouraging both commercial and government fleet owners to opt for retreading tires. Quality improvement and introduction of advanced technology are other factors pushing the retread tires sales through 2021 and beyond.

Driven by aforementioned factors, the retread tire market is forecast to reach a valuation of US$ 8.8 Bn in 2021.

"Increasing automobile ownership and demand from commercial vehicles will result in higher sales of retread tires" remarks the FMI analyst.

Request a report sample with 200 pages to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/rep-gb-3657

Key Takeaways

  • Heavy commercial vehicle (HCV) to retain the crown through 2021 and beyond
  • Cost-effectiveness to improve sales for pre-cure retreading process
  • Independent service providers to remain the most preferred one than OEMs
  • US government is leaning towards maintaining sustainable environment enabling the HCV demand, bolstering market growth
  • Rising demand for passenger and light commercial vehicle to drive growth in Germany
  • India expected to be the most lucrative market in South Asia
  • Favorable policies for the use of rubber tire to create growth opportunities in China

Prominent Drivers

  • Cost-effectiveness of retread tires in comparison to other varieties to accelerate the sales
  • Increased production of light and heavy commercial vehicle to boost the demand

Key Restraints

  • Preference for budget tires over retread tires due to the low budget is likely to restrain the market

Contact Sales for Further Assistance in Purchasing this Report@ https://www.futuremarketinsights.com/checkout/3657

Competitive Landscape

Leading market players operating in the retread tire industry profiled by Future Market Insights includes Michelin, Bridgestone, The Goodyear Tire & Rubber Company, Continental AG, MRF, YOKOHAMA Rubber Company, Rosler Tech innovators, Carloni Tires, and JK TYRES among others. According to FMI study, with the market being highly competitive, strategic collaboration and acquisition is the focus area for the players to expand their regional footprints in the global industry.

In 2021, GALGO, announced a new independent dealer for the retread facility RIMAY, with a highly trained staff to provide over 12,000 high-quality retreads a year.

In August 2020, Bridgestone Americas announced a restart of commercial tire and diversified product operations in North America. The company start-ups plans are expected to reflect the performance trend in several areas of its commercial products.

More Insights on FMI's Retread Tire Market

Future Market Insights presents a detailed segmentation on global retread tire market, providing historical data for the period of 2016-2020 and forecast statistics for the period of 2021-2031. In order to gain a better perspective of the global market potential, its growth, trends, and challenges, the market is segmented on the basis of vehicle (passenger cars, LCV, HCV, and off-road vehicle), process (pre-cure and mold cure), sales channel (OEM and Independent service provider), and across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Pacific, and MEA).

Explore FMI's Extensive Coverage on Automotive Domain

Bicycle Tires Market: The bicycle tires market report published by Future Market Insights offers a detailed segmentation on the future expansion prospects, trends and challenges, market is likely to face in the upcoming decade. Key statistics regarding key segments have been presented across prominent geographies, along with a detailed assessment of the market's competitive landscape.

Aircraft Tire Market: Explore FMI's incisive coverage on the aircraft tire market, providing a detailed segmentation expected future growth dynamics across key geographies and prominent segments. The report provides a holistic approach, mapping the drivers, opportunities and trends likely to prevail across the 2019-2029 decade.

Tire Repair Patch Market: The tire repair patch market study published by FMI offers a comprehensive analysis and focused views on major trends expected to provide shape to future growth prospects. The report provides detailed analyses of the significant drivers, trends, challenges and opportunities prevailing for the forthcoming decade across key geographies and segments.

Download Complete TOC Of this Report @ https://www.futuremarketinsights.com/toc/rep-gb-3657

About FMI

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

Contact

Mr. Abhishek Budholiya
Unit No: AU-01-H Gold Tower (AU), Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
MARKET ACCESS DMCC Initiative
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

Comments

Post a Comment

Popular posts from this blog

Frozen Foods Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Frozen Foods Market has experienced a significant transformation in recent years and continues to be a prominent and dynamic segment of the global food industry. As we move into 2033, this market remains a crucial part of modern lifestyles, offering a wide variety of convenient and preserved food options for consumers. The growth of the Frozen Foods Market is fueled by changing consumer preferences, technological innovations, and an ever-increasing demand for convenient, time-saving, and nutritious meal solutions. In 2033, the Frozen Foods Market is expected to continue its upward trajectory, as more consumers seek the benefits of frozen products. This market encompasses an extensive range of items, from frozen vegetables and fruits to ready-to-eat meals, appetizers, and desserts. The versatility and extended shelf life of frozen foods have made them an essential staple in many households. Consumers are drawn to the convenience of having quick, easy-to-prepare, and
Post a Comment
Read more

Automotive Filters Market Share and Growth Factors Impact Analysis 2029

 The global automotive filters market is expected to experience significant growth over the forecast period, due to the increasing demand for advanced automotive systems and the rising demand for fuel-efficient and eco-friendly vehicles. Automotive filters are used to remove contaminants, such as dust, dirt, and debris, from the air, oil, and fuel in a vehicle. The market is segmented based on type, vehicle type, and region. Based on type, the market is divided into air filters, oil filters, fuel filters, and others. The air filter segment is expected to dominate the market, due to the increasing demand for advanced air filtration systems in vehicles. Based on vehicle type, the market is classified into passenger cars, light commercial vehicles, and heavy commercial vehicles. The passenger cars segment is expected to dominate the market, due to the increasing demand for passenger cars and the increasing adoption of advanced filtration systems in passenger cars. Geographi
Post a Comment
Read more

Iris Biometrics Market Demand, Supply, Growth Factors, Latest Rising Trend and Forecast to 2032

 The Iris Biometrics Market stands as a testament to the ever-evolving landscape of biometric technology, offering a unique and highly secure method of identity verification and authentication. The iris, with its intricate and individualistic patterns, has captured the attention of both security experts and technology developers as a reliable means of confirming one's identity. This market has gained prominence across various industries, ranging from border control and law enforcement to access control systems in government institutions, corporate offices, and even consumer devices. The market's growth is fueled by the increasing need for robust identity verification solutions in a world where security breaches and identity theft are becoming more prevalent. Unlike traditional authentication methods such as passwords and PINs, iris biometrics offer a high level of security and accuracy, as the iris pattern is virtually impossible to replicate. The technology prov
Post a Comment
Read more