openPR Logo
Press release

Retreaded Tire Market: Emerging Trends And Strong Application Scope By 2021–2031

Retreaded Tire Market: Introduction

According to the report, the global retreaded tire market is projected to reach US$ 7.5 Bn by 2031, expanding at a CAGR of 0.26% during the forecast period. Tire retreading is the process wherein selected and inspected tires receive a new tread. It is also called tire remolding. In this process, a worn casing of a tire that possesses good structural quality is passed through a series of processes until it receives a completely renewed tread and sidewall rubber. Subsequently, the revamped tire is taken for the curing process in which the new rubber is vulcanized to the original casing and hence, the tire gets a newly made tread pattern.

The increasing demand for effectively managing automotive tire waste by recycling and reusing is a major concern expressed in developed and developing countries worldwide. Government agencies, along with tire makers are focusing on effective tire waste management and recycling to overcome these challenges. Retreading is a potential solution for effective recycling of worn-out tires and saves considerable energy consumed in the manufacture of new tires. Government agencies have initiated several programs to enhance the retreading technology and businesses in their respective countries. For instance, the European Union initiated RETYRE project under the CORDIS program to boost the retreading sector in Europe. Thus, a rise in awareness about tire waste management is boosting the global retreaded tire market.

The recent outbreak of COVID-19 pandemic hampered most of the industries and trade activities across the globe, as government entities imposed restrictions and lockdowns to curb the spread of the virus. This resulted in decline in miles travelled by vehicles, thus slowing the wear of tires and consequently, hampering the demand for retreading. However, as vaccination drives have been initiated, commercial as well as daily activities are returning to normalcy, which is anticipated to increase the demand for retreaded tires over the next few years.

For More Industry Insight, Request Sample@

Expansion of Retreaded Tire Market

The development of high strength tires is positively impacting the tire retreading sector. Good condition casing is an important prerequisite for retreading, as these casings are mounted with new treads and reused in vehicles. Thus, to avoid any failure of retreaded tires when the vehicle is running, good strength casing is required. High standard and quality tires manufactured using premium technologies and novel materials ensure the casing of tire remains suitable for retreading after its first life. Hence, the retreaded tire market is expanding, as stronger tire casings are made through enhanced manufacturing techniques and high quality rubber compounds.

Based on tire type, the radial tire segment held a dominant share of the global retreaded tire market, in terms of revenue, in 2020. Radial tire have been standard type of tires fitted on passenger and commercial vehicles sold in multiple countries. Radial tires being one of the most popular tires and contribute more than 50% of all tires sold across globe, a high number of cases of radial tires are available for retreading. Hence, most of the retreaded tires available in market are radial tires.

In terms of process, the pre-cure (cold treading) segment held a major share of the retreaded tire market in 2020. The treads in pre-cure process are manufactured in a manufacturing plant, which ensures high quality of treads, and lowers the pressure and temperature during curing, which leads to less stress on the casing. This process is faster and easier, which makes it popular and hence, the pre-cure (cold treading) segment holds a major share of retreaded tire market.

Get More PR by TMR:

Contact us:, , Transparency Market Research, State Tower,, 90 State Street, Suite 700,, Albany NY - 12207,, United States, Tel: +1-518-618-1030

TMR offers meticulously researched market studies. We are leaders in providing cutting-edge market intelligence reports that are brought out of more than 5 million hours of expertize in market intelligence at the global, national, and local levels.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Retreaded Tire Market: Emerging Trends And Strong Application Scope By 2021–2031 here

News-ID: 2336145 • Views: 238

More Releases from Transparency Market Research

Impact of Covid-19 on Hydroponics Substrate Market
Hydroponic Substrates Market: Overview Hydroponic substrates are used in the hydroponic system in order to anchor the roots of a plant. Hydroponic substrates are various types of soilless growth media. In hydroponics system, no soil is used and the plants are supported by hydroponics substrates which provide roots a point at which they can attach, helps to have better aeration and retain moisture. In a hydroponic system, plants are grown directly
Helium-3 Market: Introduction Transparency Market Research delivers key insights on the global helium-3 market. In terms of revenue, the global helium-3 market is estimated to expand at a CAGR of ~9% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global helium-3 market. The global helium-3 market is broadly affected by several factors, including usage of helium-3 in various nuclear
Cannabis Infused Drinks Market- Growth, Revenue and Forecast Analysis to 2030
Global Cannabis Infused Drinks market: Overview Consumers preference for beverage are witnessing a shift from soft drinks to wellness drinks and this shift is expected to bolster the sale of cannabis beverage in the years to come. These drinks come with low sugar content, which make it ideal for consumption for many, particularly for the ones suffering from diabetes. This factor is likely to drive the growth of the global cannabis
Customized Premixes Market- Trends and Forecast Analysis to 2030
Global Customized Premixes Market: Overview The eating habits of people have been drastically changed by the changing and hectic lifestyle of the people. It has caused deficiency of nutrition, which results in the deficiency of basic minerals and vitamins in the body. Nutrient deficiency often leads to a number of illnesses. It is at this juncture, customized premixes step in to cater to the demand for sufficient nutrients of busy individuals.

All 5 Releases

More Releases for Tire

Pneumatic Tire Market Worth Observing Growth | The Yokohama, Michelin, Continent …
Key Findings of Pneumatic Tire Market • The growth of the global pneumatic tire market would be supplemented by the growing automobile sector • The segment of radial tires accounts for the higher sales in the pneumatic tire market owing to their various advantages over cross ply tires, which include longer durability, improved performance and better mileage • Asia Pacific is the biggest tire market and would maintain its position over the forecast period. Download FREE Report
Global Tire derived Fuel Market Research Report 2018-2025 | Global Key -Liberty …
Looking at the current trends across the Tire derived Fuel market, a new study has been included to the wide database of Market Research Hub (MRH). The assessment is titled "Global Tire derived Fuel Market Insights, Forecast to 2025", which discourses the various market impacting factors like drivers, restraints and opportunities. Moreover, readers are informed about the competitive landscape which enlightens about the different players operating in the Tire derived
Tubeless Tire Market is Booming Worldwide | BFGoodrich, NITTO TIRE, Kumho, GITI …
HTF MI recently introduced Global Tubeless Tire Market study with in-depth overview, describing about the Product / Industry Scope and elaborates market outlook and status to 2023. The market Study is segmented by key regions which is accelerating the marketization. At present, the market is developing its presence and some of the key players from the complete study are Toyo Tire & Rubber, BFGoodrich, NITTO TIRE, Kumho, GITI Tire, Maxxis,
Retread Tires Market: Tire Recappers, Canton Bandag Tire Co, New England Truck T …
MarketResearchReports.Biz adds “Global Retread Tires Market Share, Size, Trends and Forecast Market Research Report” reports to its database. This report provides a strategic analysis of the Retread Tires market and the growth estimates for the forecasted period. This report studies the global Retread Tires market status and forecast, categorizes the global Retread Tires market size (value & volume) by key players, type, application, and region. This report focuses on the top
Global Aerospace Tire Market 2018 - Desser, Dunlop, Goodyear, Petlas Tire
Apex Market Reports, recently published a detailed market research study focused on the “Aerospace Tire Market” across the global, regional and country level. The report provides 360° analysis of “Aerospace Tire Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of Aerospace Tire on
Global Automotive Tire Market 2017 - Bridgestone, Continental, Cooper Tire
The report entitled Global Automotive Tire Market 2017 presents key insights into the global Automotive Tire market along with the latest up-to-date industry details and forthcoming Automotive Tire industry trends, which will assist the readers to focus on product specification and end users driving the overall market revenue and profitability. Report Keynotes: The main motive of the report on "Global Automotive Tire Market 2017" is to study comprehensive details of the market