Tire Retreading Market by Process, Sales Channel, Vehicle Type - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation

Description

List of Tables

The Global Tire Retreading Market is forecasted to grow significantly, with a projected USD 6,829.61 million in 2023 at a CAGR of 5.23% and expected to reach a staggering USD 9,783.30 million by 2030.

The Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and High Inflation is expected to have significant long-term effects on the Global Tire Retreading Market. The ongoing research considers the changes in consumer behavior, supply chain disruptions, and government interventions caused by the pandemic. Similarly, the report considers the ongoing political and economic uncertainty in Eastern Europe caused by the Russia-Ukraine Conflict and its potential implications for demand-supply balances, pressure on pricing variants, and import/export and trading. Additionally, the report addresses the impact of High Inflation on the global economy and details fiscal policies measuring and reducing its effects on demand, supply, cash flow, and currency exchange.

Market Segmentation & Coverage:

This research report categorizes the Global Tire Retreading Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Process, market is studied across Mold-cure and Pre-cure. The Mold-cure commanded largest market share of 64.28% in 2022, followed by Pre-cure.

Based on Sales Channel, market is studied across Independent Service Provider and OEM. The Independent Service Provider commanded largest market share of 60.88% in 2022, followed by OEM.

Based on Vehicle Type, market is studied across Automotive and Avitation. The Automotive is further studied across Commercial Vehicle, Off-Road Vehicle, Passenger Cars, and Two-wheelers. The Automotive commanded largest market share of 94.79% in 2022, followed by Avitation.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 40.21% in 2022, followed by Americas.

Market Statistics:

The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Global Tire Retreading Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in a particular market space. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation

5. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

6. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Tire Retreading Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Tire Retreading Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Tire Retreading Market?

4. What is the competitive strategic window for opportunities in the Global Tire Retreading Market?

5. What are the technology trends and regulatory frameworks in the Global Tire Retreading Market?

6. What is the market share of the leading vendors in the Global Tire Retreading Market?

7. What modes and strategic moves are considered suitable for entering the Global Tire Retreading Market?

Product Code: MRR-742BD518456F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Tire Retreading Market, by Process, 2022 vs 2030
4.3. Tire Retreading Market, by Sales Channel, 2022 vs 2030
4.4. Tire Retreading Market, by Vehicle Type, 2022 vs 2030
4.5. Tire Retreading Market, by Region, 2022 vs 2030

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing demand for retread tires from the commercial vehicle sector
  - 5.1.1.2. Inclination toward retreaded tires owing to their positive impact on the environment
  - 5.1.1.3. Government initiatives and norms to support adoption of retreaded tires
- 5.1.2. Restraints
  - 5.1.2.1. The fluctuating cost of raw material
- 5.1.3. Opportunities
  - 5.1.3.1. Improvements and recent launches of retread tires
  - 5.1.3.2. Technological advancements in the tire retreading process
- 5.1.4. Challenges
  - 5.1.4.1. Operational issues associated with retread tires
5.2. Market Trends
- 5.2.1. Well-established standards and programs for the production of retreaded tires in the Americas
- 5.2.2. Significant trade and expansion of retreaded tire manufacturing plants in the APAC region
- 5.2.3. Growing focus on circular economy coupled with the expansion of global tire retreading market vendors in EMEA region
5.3. Cumulative Impact of COVID-19
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework
5.9. Client Customization

6. Tire Retreading Market, by Process

6.1. Introduction
6.2. Mold-cure
6.3. Pre-cure

7. Tire Retreading Market, by Sales Channel

7.1. Introduction
7.2. Independent Service Provider
7.3. OEM

8. Tire Retreading Market, by Vehicle Type

8.1. Introduction
8.2. Automotive
- 8.2.1. Commercial Vehicle
- 8.2.2. Off-Road Vehicle
- 8.2.3. Passenger Cars
- 8.2.4. Two-wheelers
8.3. Avitation

9. Americas Tire Retreading Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Tire Retreading Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Tire Retreading Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. FPNV Positioning Matrix
12.2. Market Share Analysis, By Key Player
12.3. Competitive Scenario Analysis, By Key Player
- 12.3.1. Merger & Acquisition
  - 12.3.1.1. Commercial Tire Buys GCR Store, Retread Plant
  - 12.3.1.2. Marangoni Is Ready for the Next Phase of Development in India.
  - 12.3.1.3. Pomp's Acquires Dale's Tire & Retreading.
- 12.3.2. Agreement, Collaboration, & Partnership
  - 12.3.2.1. Bridgestone Partners With Microsoft to Accelerate Digital Transformation.
  - 12.3.2.2. Hankook and Vaculug Partner Up For Hankook's Retreading Business in the UK and Ireland.
  - 12.3.2.3. NeroForce to exclusively distribute GIIB Rubber Compound's premium products in Europe with immediate effect
  - 12.3.2.4. Vipal Rubber Expands Partnership with Radburg in Europe.
- 12.3.3. New Product Launch & Enhancement
  - 12.3.3.1. Bandvulc Launch Next Generation Citymaster 5 Bus And Coach Tyre
  - 12.3.3.2. Black Star Launches Leonard, the New Retread Made in Bethune.
  - 12.3.3.3. Oliver Rubber Launches Vantage Max Drive II Retread.
  - 12.3.3.4. Bridgestone launches all-new R192E radial tyres for e-buses
- 12.3.4. Investment & Funding
  - 12.3.4.1. Bridgestone Invests USD 60 Million to Expand Abilene Bandag Retread Tire Plant.
- 12.3.5. Award, Recognition, & Expansion
  - 12.3.5.1. Bridgestone Opens New Tire Retreading Plants in Colombia.
  - 12.3.5.2. Marangoni Extends Footprint to North India.
  - 12.3.5.3. Hankook unveils hot-retreading factory in Germany
  - 12.3.5.4. Vipal's Exclusive Tread Receives 3pmsf Certification

13. List of Company Mentioned

14. Appendix

14.1. Discussion Guide
14.2. License & Pricing