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World Automotive Tire Retreading Services Market to 2023: Key Trends, Drivers, Restraints and Opportunities - ResearchAndMarkets.com

February 6, 2019

DUBLIN--(BUSINESS WIRE)--Feb 6, 2019--The “Global Automotive Tire Retreading Services Market 2019-2023” report has been added to ResearchAndMarkets.com’s offering.

The automotive tire retreading services market will grow by over USD 118 million by 2023.

Retreaded tires help control environmental pollution significantly by increasing the actual productive life of tires. This is because retreads are applied to original casings of used worn-out tires that have not fully completed their actual lifecycle. As the original casing can be used twice or thrice for retreading, it results in efficient utilization of a tire’s lifecycle. In addition, the use of rubber resources can be optimized by avoiding the need to scrap millions of worn out tires every year which reduces the number of tires in landfills.

Retreaded tires also conserve less energy compared to the energy used up in manufacturing new tires. Moreover, the manufacturing process of retreaded tires takes less time and can lead to better tire management in terms of economy and efficiency. Hence environmental benefits of retreaded tires are crucial boosters for the automotive tire retreading services market.

Regulators favoring retreaded tires

Most government bodies across the world are taking several initiatives to promote the adoption of retreaded tires. Also, the price difference between retreads and new low-cost imported tires is reducing. As a result, regulators in the developed regions are focused on curbing imports of low-cost tires, which is promoting the market’s growth.

Retreaders facing cost pressures

The cost pressure is further aggravated by factors such as higher wages and raw material prices among others, impeding the efficient operations of tire retreading service providers. Stiff competition in terms of pricing is lowering the profit margins of providers and can pull down their financial standing. This has led to consolidation in the automotive tire retreading services market which is a challenge.

Competitive Landscape

The automotive tire retreading services market is reasonably fragmented with the presence of several international and regional vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.

Key Players

Bridgestone Continental Pomp’s Tire Service Southern Tire Mart The Goodyear Tire & Rubber Zenises

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

Market ecosystem Market characteristics Market segmentation analysis

PART 04: MARKET SIZING

Market definition Market sizing 2018 Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

Comparison by technology Pre-cure - Market size and forecast 2018-2023 Mold cure - Market size and forecast 2018-2023 Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

Geographic comparison Americas - Market size and forecast 2018-2023 APAC - Market size and forecast 2018-2023 EMEA - Market size and forecast 2018-2023 Key leading countries Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

PART 11: VENDOR LANDSCAPE

Overview Landscape disruption

PART 12: VENDOR ANALYSIS

Vendors covered Vendor classification Market positioning of vendors Bridgestone Continental Pomp’s Tire Service Southern Tire Mart The Goodyear Tire & Rubber Zenises

For more information about this report visit https://www.researchandmarkets.com/research/wpw5hc/world_automotive?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190206005547/en/

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Related Topics:Automotive Tires

KEYWORD:

INDUSTRY KEYWORD: AUTOMOTIVE TIRES & RUBBER

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 02/06/2019 11:54 AM/DISC: 02/06/2019 11:54 AM

http://www.businesswire.com/news/home/20190206005547/en

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