Revolutionizing Sustainability and Performance: The Rise of Retread Tires in the Automotive Industry

Retread is a re-manufacturing process for tires that replace the tread on worn tires. Retreading is applied to casings of consumed tires that have been inspected and repaired. There are two main processes used for retreading tires, called Mold Cure and Pre Cure. Compared with new tires, the cost-effectiveness of retreaded tires has led to accelerated sales. In addition, retreaded tires Market are environmentally friendly, which contributes to the overall expansion of the market, as consumers are more likely to show a preference for sustainable solutions. Subsequently, more and more manufacturers began to use retreaded tires in commercial and heavy vehicles. The expansion of the logistics industry and the rising demand for freight have created a favorable environment for the sales of retreaded tires.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/request-toc-and-sample/12628

As a result of the increased wear and tear on tires, the demand for retread of tire has increased. Fleet operators are looking at opportunities to save costs while maintaining a sustainable and safe vehicle fleet. Fleet owners have sought to tackle this problem is the use of retread tires, which many are finding to be beneficial. Retread tire quality also has improved significantly in recent years as a result of the introduction of advanced technology. Besides this, increasing awareness among consumers about the type of tire, coupled with rising average sale prices of new tires, will push the demand in the market over the forecast period.

𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐜𝐨𝐯𝐞𝐫𝐞𝐝
Bridgestone Corporation,
Compagnie Gnrale des tablissements Michelin SCA,
Continental AG,
Goodyear Tire and Rubber Co.,
Pirelli & C. SpA,
Alliance Tire Group,
Apollo Tires Ltd.,
Cooper Tire and Rubber Co.,
Hangzhou Zhongce Rubber Co. Ltd,
Hankook Tire Co.

𝐓𝐨𝐩 𝐈𝐦𝐩𝐚𝐜𝐭𝐢𝐧𝐠 𝐅𝐚𝐜𝐭𝐨𝐫𝐬

◆The rising demand for cost effective & economical tires, growing logistics market, and rising demand for retread tire in light commercial vehicle are driving the growth of the market.
◆Less reliability is expected to hamper the growth of the market.
◆Environment friendly, and technological development can be seen as an opportunity for the market investments.

𝐑𝐢𝐬𝐢𝐧𝐠 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐫𝐞𝐭𝐫𝐞𝐚𝐝 𝐭𝐢𝐫𝐞 𝐢𝐧 𝐥𝐢𝐠𝐡𝐭 𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 - 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. In a light-duty car, the manufacture of a single tire consumes an average of 26 liters of oil, while retreading the same tire consumes only 9 liters of oil, which accounts for almost 34% of the new manufacturing process. On the other hand, according to the Retread Tire Association, for a large SUV, the cost of a new set of four tires is about $1,000. Almost 50% of the cost is saved by adopting retreading for light-duty vehicles.

𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐌𝐨𝐫𝐞 𝐀𝐛𝐨𝐮𝐭 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭 - https://www.alliedmarketresearch.com/purchase-enquiry/12628

Various tire manufacturing companies are launching retread tire, for instance, Michelin launched two new pre-mold retreads to expand its lineup of tire retread technologies. This retread offers fuel savings through its innovative compound tread for a lower total cost of ownership. Also, Goodyear tire & rubber company and cooper tire & rubber company stated that they have entered a definitive transaction agreement to increases scale to support investments in New Mobility and Fleet Solutions. Thus, retreading suppliers are now focusing on light-duty vehicle along with certain tire manufacturers entering into the retreading business, such as The Goodyear Tire & Rubber Company for light commercial vehicles. Thus rising demand for retread tire in light commercial vehicle will drive the demand for retread tire market.

𝐑𝐞𝐠𝐢𝐨𝐧𝐬 𝐜𝐨𝐯𝐞𝐫𝐞𝐝
North America (U.S., Canada and Mexico),
Europe (Germany, U.K, France, Russia and rest of Europe),
Asia-Pacific (China, Japan, India, South Korea and rest of Asia-Pacific),
LAMEA (Latin America, Middle East and Africa)

𝐏𝐔𝐑𝐂𝐇𝐀𝐒𝐄 𝐅𝐔𝐋𝐋 𝐑𝐄𝐏𝐎𝐑𝐓 𝐎𝐅 - https://www.alliedmarketresearch.com/retread-tire-market/purchase-options

𝐊𝐞𝐲 𝐛𝐞𝐧𝐞𝐟𝐢𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭:
➡️This study presents the analytical depiction of the retread tire market along with the current trends and future estimations to determine the imminent investment pockets.
➡️The report presents information related to key drivers, restraints, and opportunities along with challenges of the retread tire market.
➡️The current market is quantitatively analyzed from 2020 to 2030 to highlight the retread tire market growth scenario.
➡️The report provides a detailed retread tire market analysis based on competitive intensity and how the competition will take shape in coming years.

𝐑𝐞𝐚𝐝 𝐌𝐨𝐫𝐞 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:
Automotive Camera & Camera Module Market - https://www.alliedmarketresearch.com/automotive-camera-and-camera-module-market
Automotive Lightweight Materials Market - https://www.alliedmarketresearch.com/automotive-lightweight-materials-market
Automotive Axle & Propeller Shaft Market - https://www.alliedmarketresearch.com/automotive-axle-propeller-shaft-market

Contact:
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: http://www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.