Press release
13.55% Growth In US Tire Retreading Market Throughout The Forecast Period 2017 - 2021
Market Research Report
Tire retreading is a remanufacturing process, where old tires are made serviceable by replacing the old treads on worn tires with new treads. Apart from natural and synthetic rubber as the primary raw materials, textile reinforcements, such as rayon, aramid, nylon, and polyester, are also used to manufacture treads. The production of retread tires is capital-intensive and requires a modular plant.
In addition, it requires highly trained and skilled manpower for engineering and manufacture. The manufacturer must also adhere to the stringent industry standards at every stage of the retreading process while delivering a superior performance like the new tires. Therefore, retread tires undergo various quality, durability, and speed testing.
Technavios analysts forecast the tire retreading market in the US to grow at a CAGR of 13.55% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the tire retreading market in the US for 2017-2021. To calculate the market size, the report considers the revenue of the retreaded tires fitted on the CVs in the US.
Technavio's report, Tire Retreading Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
To Get Sample Copy of Report visit @ https://www.researchmoz.us/enquiry.php?type=S&repid=1339613
Key vendors
Bridgestone
Continental
Goodyear Tire & Rubber Company
Marangoni
MICHELIN
Other prominent vendors
Hawkinson
Les Schwab Tire Center
McCarthy Tire Service
Purcell Tire & Rubber
Southern Tire Mart
Market driver
Lower cost of retreading compared with new tires
For a full, detailed list, view our report
Browse TOC @ https://www.researchmoz.us/tire-retreading-market-in-the-us-2017-2021-report.html/toc
Market challenge
Availability of low-cost new tires posing threats to retread tires
For a full, detailed list, view our report
Market trend
Development of LRR retreads
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
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