The global automotive retreaded Tire market size was USD 9.8 billion in 2022 and is expected to reach USD 17.5 billion by 2032, and register a revenue CAGR of 6.5% during the forecast period. The adoption of sustainable methods and products in the automotive sector is a result of factors including developing environmental concerns related to the disposal of scrap tires and the increased demand for cost-effective tire solutions. Demand for retreaded tires, which provide a more economical option without sacrificing quality, is being fueled in part by rising cost of the raw materials used to make new tires.

Retreaded tires are created by utilizing worn-out tires and placing new treads onto the original casing, which is then coated with Rubber to restore the tire's original state. The tire is made more affordable by this technique while still upholding the same performance and safety standards as brand-new tires. Moreover, using retreaded tires lessens the waste produced from scrap tires, making it a more environment-friendly choice.

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The cost savings associated with retreaded tires, especially for large business fleets, make them an attractive option. By choosing retreaded tires, fleet owners can reduce ownership costs, which in turn boosts profitability for their businesses.

In the transportation sector, retreaded tires are widely adopted because they offer a cost-effective alternative to new tires. This is particularly important for commercial truck fleets that operate over long distances, where tire wear and replacement costs can be substantial. By utilizing retreaded tires, these fleet operators can extend the life of their tires and make the most out of their investment.

The ongoing trend of online shopping has also played a role in the increased demand for retreaded tires. The growth of e-commerce logistics has resulted in more commercial trucks on the road, delivering products to customers. This increased demand for transportation services has created a need for cost-efficient solutions, and retreaded tires fit the bill perfectly.

Overall, the combination of cost savings, enhanced profitability, and the need for cost-efficient transportation solutions in the logistics sector has fueled the expansion of the global market for retreaded vehicle tires. As commercial fleets continue to grow and the trend of online shopping persists, the demand for retreaded tires is expected to keep rising.

By Type Outlook            

·       Pre-cured

·       Mold-cured

·       Others

By Vehicle Type Outlook            

·       Passenger Cars

·       Commercial Vehicles

·       Others

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Regional Markets Highlighted in the Global Automotive Retreaded Tire Market Report:

·       North America

o   U.S.

o   Canada

o   Mexico

·       Europe

o   Germany

o   U.K.

o   Italy

o   France

o   BENELUX

o   Rest of Europe

·       Asia Pacific

o   China

o   India

o   Japan

o   South Korea

o   Rest of Asia Pacific

·       Latin America

o   Brazil

o   Rest of Latin America

·       Middle East & Africa

o   Saudi Arabia

o   U.A.E.

o   South Africa

o   Rest of Middle East & Africa

Top Companies Profiled in the Report:

• Bridgestone Corporation
• The Goodyear Tire & Rubber Company
• Marangoni S.p.A.
• Michelin
• MRF Limited
• Nokian Tires plc
• Pirelli & C. S.p.A.
• The Yokohama Rubber Co., Ltd.
• Continental AG
• The Hankook Tire & Technology Co., Ltd.

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