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Tire Retreading Market Share

Report ID: GMI7550
Published Date: Nov 2023
Report Format: PDF

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Tire Retreading Market Share

The major players operating in the tire retreading industry are:

Bridgestone Corporation
Continental AG
Goodyear Tire and Rubber Company
KRAIBURG Austria GmbH & Co. KG
Marangoni S.p.A.
Michelin
Rethread (Pty) Ltd
Southern Tire Mart
Sumitomo Rubber Industries, Ltd.
TreadWright Tires

Bridgestone Corporation and Goodyear Tire and Rubber Company are the prominent players in the tire retreading business due to their innovative & versatile offerings. These players are focusing on enhancing product quality, expanding their retreading facilities, and adopting innovative technologies to improve efficiency and reduce environmental impact. They are also expanding their marketing efforts to raise awareness of the cost-effectiveness and sustainability benefits of retreading tires.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size for tire retreading was valued at USD 5.8 billion in 2022 and is projected to grow at a CAGR of over 5.5% between 2023 and 2032 due to increasing investments in retread tire plants.

The independent retreaders segment is expected to record around 5% CAGR from 2023 to 2032 as they offer personalized services and competitive pricing, attracting a diverse customer base.

Asia Pacific market size for tire retreading was over 40% in 2022 and will grow significantly through 2032 due to growing industrialization and a surge in commercial activities.

Bridgestone Corporation, Continental AG, Goodyear Tire and Rubber Company, KRAIBURG Austria GmbH & Co. KG, Marangoni S.p.A., Michelin, Rethread (Pty) Ltd., Southern Tire Mart, Sumitomo Rubber Industries, Ltd., and TreadWright Tires.