Automotive Retread Tires Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Automotive Retread Tires Market Research Report - Global Forecast to 2023
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Automotive Retread Tires Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Summary: Global Automotive Retread Tires Market Research Report by Process Type (Pre-Cure and Mold Cure), by Sales Channel (OEM and Aftermarket), by Vehicle Type (Passenger Cars, Light Commercial, Heavy Commercial), and Region - Forecast till 2023 See Table of Content Here:
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Automotive Retread Tires market is estimated to witness 5% CAGR during the forecast period from 2019 to 2023. Automotive Retread Tires market overview: Retread tires are remanufactured tires which also known as “remold tires�. The manufacturing of retread tires can be carried out through pre-cure and mold cure process, which enhance the stability and toughness of the spent tires. Retread tires preserve about 40% from the overall cost of the new tires and save 20% of the material cost while remanufacturing of old tires. According to OICA, there is a continuous increase in the consumption of retread tires in the heavy commercial vehicles. High prices for the tire in the vehicles will grow the demand for the retread tires. Moreover, increased investment for the development and improvement of retread tire safety level from the manufacturers such as Bridgestone Corporation and the Goodyear is expected to increase the market size of the retread tires. Growing strict regulations regarding the retreading of automobile tires will influence the sales for the automotive retread tires in the market globally during the forecast period. Key Players Analyzed in This Report are: Bridgestone Corporation (Japan), The Goodyear Tire & Rubber Company (US), Michelin (France), Marangoni S.p.A. (Italy), and Nokian Tyres plc (Finland). MRF Tyres (India), KRAIBURG AUSTRIA GmbH & CO. KG (Austria), JK Tyres (India), Pilipinas Kai Rubber Corporation (Philippines), and Eastern Treads (India) are among others.
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Automotive Retread Tires Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
Automotive Retread Tires Market Segmentation: Global automotive retread tires market is segmented on the basis of process type, sales channel, vehicle type, and region. On the basis of process type, the market has been segmented into pre cure and mold cure. On the basis of sales channel, the market has been segmented into OEM and aftermarket. On the basis of vehicle type, the market has been segmented into passenger car, light commercial vehicle, and heavy commercial vehicle. Regional Analysis: This study provides an overview of the global Automotive Retread Tires market, tracking five market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, and the Rest of the World. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Automotive Retread Tires market by product type, operating pressure, vehicle type, application, distribution channel, and regions. Report Coverage: The report for Global Automotive Retread Tires Market of Market Research Future covers extensive primary research. This is accompanied with detailed analysis of qualitative and quantitative aspects by various industry experts and key opinion leaders to gain deeper insights into the market and industry performance. The report gives a clear picture of the current market scenario, which includes the historical and forecasted market size, in terms of value and volume, technological advancement, macroeconomic, and governing factors of the market. The report provides comprehensive information about the strategies of the top companies in the industry, along with a broad study of the different market segments and regions.
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Automotive Retread Tires Market by Region America, Europe, Asia Pacific, Middle East and Africa, South America forecast till 2023
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