Insights Into The Tyre Retreading Business
ď‚— Tyre retreading is mostly an unorganised sector
despite the fact that tyre companies have started taking the initiative to provide quality retreading to customers.
Radialisation Makes Retreading Attractive
ď‚— There is an increase in radialisation in the commercial
vehicle segment. And this has made retreading even more attractive.
ď‚— Tyre retreading is done widely for industrial vehicles
such as trucks and buses.
ď‚— The retreading tyre industry for the commercial
vehicle segment is growing at a fast pace. What have made this possible are the increase in the number of commercial vehicles, and the rise in the cost of tyres.
ď‚— The arrival of radial tyres, good roads and the
introduction of heavy duty vehicles have also given a boost to the retreading tyre industry.
Branding ď‚— Tyre manufacturers are doing a lot of research to
develop treads, and they have come up with new designs of retreaded tyres that show improved functionality and efficiency.
ď‚— Several tyre brands are offering retreading service
through their retail outlets. They not only have retreading service, but are also selling retread materials at their outlets.
ď‚— Today, there are fewer than 850 retread plants
producing well over 17 million retreaded truck tyres. The number of retreads produced annually at these facilities is increased dramatically with the passing of each year.
ď‚— Retreading helps to cut down cost by recycling tyres,
which are in good condition. A tyre is retreaded 1.5 times on an average.
ď‚— There are many big, small and mid-segment tyre
retreading companies, and all are doing good business. The retreading technology used in India is on a par with what is being used across the world.
ď‚— The industry is not without challenges. The strength
and quality of the tyre casings differ significantly from one manufacturer to the other. Consistent casing collection is also hard to obtain.
ď‚— Small tyre retreading companies have to upgrade their
retreading technology and know how. Despite all these challenges the tyre retreading business is poised for growth because of the growth in the heavy transport sector.