Connect with us

Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website. .

Research Reports

Retread Tires Market Size by 2028: Global Demand and Regional Analysis

Future Market Insights delivers key insights on the global retread tires market in its latest report titled ‘Retread Tires Market: Global Industry Analysis (2013 – 2017) and […]

The post Retread Tires Market Size by 2028: Global Demand and Regional Analysis first appeared on Market Research Blog.

Published : , on

Future Market Insights delivers key insights on the global retread tires market in its latest report titled ‘Retread Tires Market: Global Industry Analysis (2013 – 2017) and Opportunity Assessment 2018 -2028.’ The long-term outlook of the global retread tires market remains positive and the market value is expected to increase at a CAGR of 4.6% during the forecast period (2018 – 2028). Among the end use segments of the retread tires market, the heavy commercial vehicles segment is expected to expand with a significant CAGR in terms of value as well as volume over the forecast period. The global sales of retread tires is estimated to be valued at US$ 8,684.9 Mn by the end of 2018. The China retread tires market is estimated to account for a value share of 29.6% in the global retread tires market by 2018 end and is anticipated to retain its dominance throughout the forecast period. In this report, Future Market Insights throws light on the drivers and restraints likely to impact revenue growth of the retread tires market during this period.

Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-3657

Increasing Automotive Production and Vehicle Parc to Drive Market Revenue Growth

Sales of retread tires is directly related to vehicle parc and vehicle production. Despite unstable economic conditions in the market in the recent past, the global automotive industry has witnessed satisfactory growth. Automotive production is anticipated to increase with a modest CAGR of 3%-3.5% during the forecast period. Automotive production is expected to be higher in emerging economies as compared to that in developed economies. This can mainly be attributed to increasing urbanisation and stable economic conditions in these regions. During the forecast period, the fleet on road is also expected to rise with a modest CAGR, thereby providing marginal opportunities for the growth of the retread tires market over the forecast period.

Global Retread Tires Market: Segmentation Analysis

The global retread tires market can be segmented on the basis of vehicle type into passenger car, light commercial vehicle, heavy commercial vehicle and off road vehicle. On the basis of vehicle type, the heavy commercial vehicle segment is anticipated to continue to dominate the global market in terms of value over the forecast period. The demand for retread tires in heavy commercial vehicles is estimated to grow at a relatively high CAGR as compared to other vehicle types over the forecast period. This segment is expected to represent a total incremental opportunity of US$ 2,228.1 Mn between 2018 and 2028.

Our advisory services are aimed at helping you with specific, customised insights that are relevant to your specific challenges. Let us know about your challenges and our trusted advisors will connect with you: https://www.futuremarketinsights.com/askus/rep-gb-3657

Global Retread Tires Market: Regional Market Projections

The China retread tires market is expected to represent a significantly high incremental opportunity between 2018 and 2028, while the South East Asia & Pacific retread tires market is projected to expand at a significant CAGR in terms of volume over the forecast period. Sales of retread tires in South East Asia & Pacific is expected to represent a total incremental opportunity of US$ 469.6 Mn between 2018 and 2028.

View Report Preview at Retread Tires Market Segmentation By Vehicle Type – Passenger cars, Light Commercial Vehicles, Heavy Trucks & Buses, Off-road vehicles; Process Type – Pre Cure, Mold Cure; Sales Channel – OEM Service Providers, Independent Service Providers: https://www.futuremarketinsights.com/reports/tire-retreading-market

Global Retread Tires Market: Vendor Landscape

The report highlights some of the top companies operating in the global retread tires market such as Bridgestone Corporation, The Goodyear Tire & Rubber Company, Marangoni S.p.A., MICHELIN, MRF Tyres JK Tyres, Easters Treads, Nokian Tyres plc, Kraiburg Austria Gmbh & Co.Kg, Pilipinas Kai Rubber Corporation.

Key Questions Answered in the Report

  • Which is the most lucrative market for retread tire?
    East Asia currently leads the global market for Retread tire. East Asia will account for more than one third of total demand throughout the forecast period. Within East Asia, China is expected to remain dominant through the course of the forecast period within East Asia.
  • Which is the preferred process for retreading tire?
    Pre-cure retreading process is the most preferred process as it offers greater flexibility and saves operational costs.
  • Which vehicle type exhibits higher demand for retread tire?
    HCV and LCV currently exhibit high demand for retreading tires.

The post Retread Tires Market Size by 2028: Global Demand and Regional Analysis first appeared on Market Research Blog.

Global Banking & Finance Review

 

Why waste money on news and opinions when you can access them for free?

Take advantage of our newsletter subscription and stay informed on the go!


By submitting this form, you are consenting to receive marketing emails from: . You can revoke your consent to receive emails at any time by using the SafeUnsubscribe® link, found at the bottom of every email. Emails are serviced by Constant Contact

Recent Post