You mentioned earlier about the need for tire retreading companies to adapt to survive and grow. The OTR tires are expensive to replace, and, therefrom, are usually retreaded.
The worn tread is buffed away and the new tread is bonded through a process which is quite similar to the process of manufacturing a new tire. Request Report Methodology Tire retreating is the process through which selected and inspected tires receive a new tread. Favorable regulatory environment and enhanced adoption of retreaded tires are expected to create new growth verticals in this region.
Market segments and sub-segments. France, Italy, Germany, Spain, and England are expected to hold a dominant share of the market throughout the forecast period. This can mainly be attributed to increasing urbanization and stable economic conditions in these regions.
The OE market is primarily driven by the demand for improved fuel economy, low rolling resistance tires, eco-friendly and smart tires, and other factors. With increase in sales and increased average life of passenger cars, the passenger car parc has also risen over the period of time.
Could you give us an overall outlook of the South African SA commercial tire retread market?
Regional markets, technology, types, and applications. Key players operating in the global tire retreating market are Bridgestone Corp. The report includes industry insights specified by different market experts.
He also was director of the Retread Manufacturers Association, the trade association representing the interests of tire retreading companies in United Kingdom, for a decade. Factors such as low production costs, availability of economical labor, lenient emission and safety norms, and government initiatives for FDIs, have led to the region witnessing higher growth than the matured markets of Europe and North America.
The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. Hybrid electric vehicles segment constitute larger share of the global market than battery electric vehicle or plug-in hybrid electric vehicle segment.
For some retreaders this might mean having their own distribution outlets, or introducing a range of fleet management services. However, this would also impact the tires replacement market. However, a large number of small and medium size players also exist in the market. There is also a reduced demand for tires in niche markets, such as winter tires, 4x4, and off-road vehicles, where a unique tread pattern is needed for specific driving uses.
For others, it might involve diversifying into products such as tire and wheel servicing equipment and accessories. Growth in infrastructural activities, government subsidies, and quick mechanization in agriculture are anticipated to boost the OTR tires requirement. What they need to improve on is the way they market their products and services in the most effective way.
The Chinese retread tires market is estimated to account for a value share of Company Snapshot Figure 58 Bridgestone Corporation: The study is a source of reliable data on: Asia Oceania - In heavy trucks and trailers, tires with higher aspect ratio give better protection to the cargo and in buses, these tires offer a more comfortable ride and protection from road potholes.
The agriculture tractors segment is estimated to result the OTR tires retreading market as well, by quantity. About MarketsandMarkets MarketsandMarkets is the largest market research firm worldwide in terms of annually published premium market research reports.
The industry report offers highlighted information about profitable emerging sectors. On the basis of vehicle type, the heavy commercial vehicle segment is anticipated to continue to dominate the global market in terms of value over the forecast period.Global Automotive Tires Market - Overview and Forecast () - Expected to Grow at a CAGR of % - Research and Markets.
The US and Global Retreading Markets. Evolution of Retreading in the US 07% US Market Share – Retreaded Truck Tires 11%. Environmental Benefits of Retreading Increasingly important in the marketplace and to end users SmartWay' Raw% Landﬁlls' Materials' [email protected]%.
[ Pages Report]Tires Market for OE & Replacement categorizes the Global Market by Rim Size Global Retreading Market, By Retread Process (Commercial Vehicles) Mold Cure Tire Retreading Market, By Vehicle Type (USD Million). Tire Retreading & Recapping - US Market Research Report Date Published: March able to build upon our category knowledge providing a deeper dive into all the interrelated factors that affect each market, especially regarding global impacts to the US market.” The Tire Retreading & Recapping market research report includes.
Analysts forecast the Tire Retreading market in the US to grow at a CAGR of percent over the period One of the key factors contributing to this market growth is the price-effectiveness of retread tires.
Retreading is a re-manufacturing process through which old and worn out tire treads are replaced by new ones. Retreading is applied to casings of old tires after inspection. the market of retread tires will also grow substantially over the forecast period.
opportunities, supply chain analysis and key trends in the market. The next.Download