Tire Retreading Market in the US 2017-2021

  • ID: 4403362
  • Report
  • Region: United States
  • 85 pages
  • TechNavio
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FEATURED COMPANIES

  • Bridgestone
  • Continental
  • Hawkinson
  • Les Schwab Tire Center
  • Marangoni
  • McCarthy Tire Service
  • MORE

About Tire Retreading

Tire retreading is a remanufacturing process, where old tires are made serviceable by replacing the old treads on worn tires with new treads. Apart from natural and synthetic rubber as the primary raw materials, textile reinforcements, such as rayon, aramid, nylon, and polyester, are also used to manufacture treads. The production of retread tires is capital-intensive and requires a modular plant. In addition, it requires highly trained and skilled manpower for engineering and manufacture. The manufacturer must also adhere to the stringent industry standards at every stage of the retreading process while delivering a superior performance like the new tires. Therefore, retread tires undergo various quality, durability, and speed testing.

The analysts forecast the tire retreading market in the US to grow at a CAGR of 13.55% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the tire retreading market in the US for 2017-2021. To calculate the market size, the report considers the revenue of the retreaded tires fitted on the CVs in the US.

The report, Tire Retreading Market in the US 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.

Key vendors

  • Bridgestone
  • Continental
  • Goodyear Tire & Rubber Company
  • Marangoni
  • MICHELIN

Other prominent vendors

  • Hawkinson
  • Les Schwab Tire Center
  • McCarthy Tire Service
  • Purcell Tire & Rubber
  • Southern Tire Mart

Market drivers

  • Lower cost of retreading compared with new tires
  • For a full, detailed list, view the full report

Market challenges

  • Availability of low-cost new tires posing threats to retread tires
  • For a full, detailed list, view the full report

Market trends

  • Development of LRR retreads
  • For a full, detailed list, view the full report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.

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Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Bridgestone
  • Continental
  • Hawkinson
  • Les Schwab Tire Center
  • Marangoni
  • McCarthy Tire Service
  • MORE

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: RESEARCH METHODOLOGY

PART 04: INTRODUCTION

What is tire retreading?
Why retread?
Retreading process
Market dynamics: Tire retreading
Value chain analysis

PART 05: MARKET LANDSCAPE

Market ecosystem
Market characteristics
Market segmentation analysis

PART 06: MARKET SIZING

Market definition
Market size and forecast 2016-2021

PART 07: FIVE FORCES ANALYSIS

PART 08: MARKET SEGMENTATION BY PROCESS TYPE

Segmentation by process type
Comparison by process type
Pre-cure type – Market size and forecast 2016-2021
Mold cure type – Market size and forecast 2016-2021
Market opportunity by process type

PART 09: MARKET SEGMENTATION BY CONSUMPTION

Segmentation by consumption
Comparison by consumption
Domestic consumption – Market size and forecast 2016-2021
Export – Market size and forecast 2016-2021
Market opportunity by consumption

PART 10: DECISION FRAMEWORK

PART 11: DRIVERS AND CHALLENGES

Market drivers
Market challenges

PART 12: MARKET TRENDS

Development of LRR retreads
Usage of internet-based reporting system for effective customer service
Growing popularity of premium tires to enable multiple retreading
Growing popularity of nanotechnology to reduce wear and tear
High number of warranty-less vehicles will push demand for retreads

PART 13: VENDOR LANDSCAPE

Competitive scenario
Other prominent vendors

PART 14: VENDOR ANALYSIS

Vendor overview
Bridgestone
Continental
Goodyear Tire & Rubber Company
Marangoni
MICHELIN

PART 15: APPENDIX

List of abbreviations

List of Exhibits
Exhibit 01: Value chain analysis of tire treading market
Exhibit 02: Parent market
Exhibit 03: Tire aftermarket in the US
Exhibit 04: Market characteristics
Exhibit 05: Market segments
Exhibit 06: Market definition - Inclusions and exclusions checklist
Exhibit 07: Tire retreading market in the US – Market size and forecast 2016-2021 ($ billions)
Exhibit 08: Tire retreading market in the US – Year over year growth 2017-2021 (%)
Exhibit 09: Five Force Analysis
Exhibit 10: Tire retreading market in US by process type – Market share 2016-2021 (%)
Exhibit 11: Comparison by process type
Exhibit 12: Pre-cure process type – Market size and forecast 2016-2021 ($ billions)
Exhibit 13: Pre-cure process type – Year over year growth 2017-2021 (%)
Exhibit 14: Mold cure process type – Market size and forecast 2016-2021 ($ millions)
Exhibit 15: Mold cure process type – Year over year growth 2017-2021 (%)
Exhibit 16: Market opportunity by process type
Exhibit 17: Tire retreading market in US by consumption – Market share 2016-2021 (%)
Exhibit 18: Comparison by consumption
Exhibit 19: Domestic consumption – Market size and forecast 2016-2021 ($ billions)
Exhibit 20: Domestic consumption – Year over year growth 2017-2021 (%)
Exhibit 21: Tire retreading import market in US 2016-2021 ($ millions)
Exhibit 22: Import contribution to domestic consumption 2016-2021
Exhibit 23: Export – Market size and forecast 2016-2021 ($ millions)
Exhibit 24: Export – Year over year growth 2017-2021 (%)
Exhibit 25: Market opportunity by consumption
Exhibit 26: Tire retreading market in the US vendors
Exhibit 27: Bridgestone: Business segmentation by revenue 2016
Exhibit 28: Bridgestone: Geographical segmentation by revenue 2016
Exhibit 29: Bridgestone: Product portfolio
Exhibit 30: Continental: Business segmentation by revenue 2016
Exhibit 31: Continental: Business revenue 2015 and 2016 ($ billions)
Exhibit 32: Continental: Geographical segmentation by revenue 2016
Exhibit 33: Continental: Product portfolio
Exhibit 34: Continental: Recent developments
Exhibit 35: Goodyear Tire & Rubber Company: Business revenue 2015 and 2016 ($ billions)
Exhibit 36: Goodyear Tire & Rubber Company: Geographical segmentation by revenue 2016
Exhibit 37: Goodyear Tire & Rubber Company: Product portfolio
Exhibit 38: Marangoni: Product portfolio
Exhibit 39: Marangoni: Recent developments
Exhibit 40: MICHELIN: Business segmentation by revenue 2016
Exhibit 41: MICHELIN: Geographical segmentation by revenue 2016
Exhibit 42: MICHELIN: Product portfolio
Exhibit 43: MICHELIN: Recent developments

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FEATURED COMPANIES

  • Bridgestone
  • Continental
  • Hawkinson
  • Les Schwab Tire Center
  • Marangoni
  • McCarthy Tire Service
  • MORE
New Report Released: – Tire Retreading Market in the US 2017-2021

The author of the report recognizes the following companies as the key players in the tire retreading market in the US: Bridgestone, Continental, Goodyear Tire & Rubber Company, Marangoni, and MICHELIN

Other Prominent Vendors in the market are: Hawkinson, Les Schwab Tire Center, McCarthy Tire Service, Purcell Tire & Rubber, and Southern Tire Mart.

Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is Development of LRR retreads. Most tire manufacturers are focusing on tires as means to reduce fuel consumption. The emergence of certain regulatory programs promotes tires that assist in reducing fuel consumption and greenhouse gas emissions by CVs. For instance, the SmartWay program was started by the US EPA to help companies advance their supply chain sustainability by measuring and benchmarking and freight transportation efficiency. The retreads are classified as fuel efficient if they are SmartWay verified.”

According to the report, one of the major drivers for this market is Lower cost of retreading compared with new tires. Fleet operators consider tires as an important contributor to their expenses of operating fleet. The cost of tires contributes to one-third of the annual expenditure incurred by fleet operators. Therefore, the adoption of cost-cutting measures in tires is the best way to streamline financial resources. Hence, retreads witnessed developments in the mid-19th century and gained significant adoption in the CVs market.

Further, the report states that one of the major factors hindering the growth of this market is Availability of low-cost new tires posing threats to retread tires. In the last decade, the demand for tires increased with supply remaining the same. This led to a shortage of new tires in the market, which had propelled the retreading tire industry significantly. However, recession reduced the tire demand, while new factories increased the supply of new tires. This reversed the scenario with plenty of new tires in the market at historically lower cost. Additionally, imports from China further reduced the price of new tires and bridged the price gap between new tires and retreads significantly. For instance, the price gap reduced to $130 in 2016 from more than $150 in 2013. In the coming years, this gap is expected to reduce further, challenging retread players to optimize the operation and manufacturing to reduce the prices of retreads.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
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  • Bridgestone
  • Continental
  • Goodyear Tire & Rubber Company
  • Marangoni
  • MICHELIN
  • Hawkinson
  • Les Schwab Tire Center
  • McCarthy Tire Service
  • Purcell Tire & Rubber
  • Southern Tire Mart
Note: Product cover images may vary from those shown
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Note: Product cover images may vary from those shown
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