Automotive Tire Retreading Services Market Size 2025-2029
The automotive tire retreading services market size is valued to increase by USD 602.1 million, at a CAGR of 3.7% from 2024 to 2029. Technological advancements in retreading processes and tire monitoring systems will drive the automotive tire retreading services market.
Major Market Trends & Insights
- APAC dominated the market and accounted for a 48.5% growth during the forecast period.
- By Technology - Pre cure segment was valued at USD 2.21 billion in 2023
- By Vehicle Type - Commercial vehicle segment accounted for the largest market revenue share in 2023
Market Size & Forecast
- Market Opportunities: USD 872.4 million
- Market Future Opportunities: USD 602.1 million
- CAGR from 2024 to 2029 : 3.7%
Market Summary
What will be the Size of the Automotive Tire Retreading Services Market during the forecast period?
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How is the Automotive Tire Retreading Services Market Segmented?
The automotive tire retreading services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
- Technology
- Pre cure
- Mold cure
- Vehicle type
- Commercial vehicle
- Passenger vehicle
- Service
- Aftermarket
- OEM
- Geography
- APAC
- China
- India
- Japan
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- South America
- Brazil
- Argentina
- Colombia
- Middle East and Africa
- Saudi Arabia
- UAE
- South Africa
- Rest of World (ROW)
- APAC
By Technology Insights
The pre cure segment is estimated to witness significant growth during the forecast period.
The Pre cure segment was valued at USD 2.21 billion in 2023 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 48.5% to the growth of the global market during the forecast period.Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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Market Dynamics
Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
What are the key market drivers leading to the rise in the adoption of Automotive Tire Retreading Services Industry?
What are the market trends shaping the Automotive Tire Retreading Services Industry?
What challenges does the Automotive Tire Retreading Services Industry face during its growth?
Exclusive Technavio Analysis on Customer Landscape
The automotive tire retreading services market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the automotive tire retreading services market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Automotive Tire Retreading Services Industry
Competitive Landscape
Companies are implementing various strategies, such as strategic alliances, automotive tire retreading services market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Aik Koon Tyre and Battery Co. Pte Ltd. -
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
- Aik Koon Tyre and Battery Co. Pte Ltd.
- Best One Tire and Service
- Bridgestone Corp.
- Continental AG
- Eastern Treads Ltd.
- Harsh Tyres
- Indag Rubber Ltd.
- JK Tyre and Industries Ltd.
- Kal Tire
- KRAIBURG AUSTRIA GmbH
- MARANGONI Group.
- McCarthy Tire
- Midas Rubber Pvt. Ltd.
- MRF Ltd.
- Nokian Tyres Plc
- Pomps Tire Service Inc
- Purcell Tire Wholesale Center
- Santosh Tyres Pvt. Ltd.
- Southern Tire Mart
- Tyresoles India Pvt. Ltd.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Recent Development and News in Automotive tire retreading services market
Dive into Technavio’s robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Automotive Tire Retreading Services Market insights. See full methodology.
| Market Scope | |
|---|---|
| Page number | 286 |
| Base year | 2024 |
| Historic period | 2019-2023 |
| Forecast period | 2025-2029 |
| Growth momentum & CAGR | Accelerate at a CAGR of 3.7% |
| Market growth 2025-2029 | USD 602.1 million |
| Market structure | Fragmented |
| YoY growth 2024-2025(%) | 3.5% |
| Key countries | China, India, Thailand, Japan, Australia, Indonesia, US, Canada, Mexico, Germany, UK, France, Italy, The Netherlands, Spain, Brazil, Argentina, Colombia, Saudi Arabia, UAE, South Africa, Israel and Turkey |
| Competitive landscape | Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Research Analyst Overview
What are the Key Data Covered in this Automotive Tire Retreading Services Market Research and Growth Report?
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What is the expected growth of the Automotive Tire Retreading Services Market between 2025 and 2029?
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USD 602.1 million, at a CAGR of 3.7%
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What segmentation does the market report cover?
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The report is segmented by Technology (Pre cure, and Mold cure), Vehicle Type (Commercial vehicle, and Passenger vehicle), Service (Aftermarket, and OEM) and Geography (APAC, North America, Europe, South America, Middle East and Africa)
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Which regions are analyzed in the report?
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APAC, North America, Europe, South America and Middle East and Africa
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What are the key growth drivers and market challenges?
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Technological advancements in retreading processes and tire monitoring systems, Intense competition from low-cost new tires and fluctuating raw material prices
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Who are the major players in the Automotive Tire Retreading Services Market?
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Aik Koon Tyre and Battery Co. Pte Ltd., Best One Tire and Service, Bridgestone Corp., Continental AG, Eastern Treads Ltd., Harsh Tyres, Indag Rubber Ltd., JK Tyre and Industries Ltd., Kal Tire, KRAIBURG AUSTRIA GmbH, MARANGONI Group., McCarthy Tire, Midas Rubber Pvt. Ltd., MRF Ltd., Nokian Tyres Plc, Pomps Tire Service Inc, Purcell Tire Wholesale Center, Santosh Tyres Pvt. Ltd., Southern Tire Mart and Tyresoles India Pvt. Ltd.
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Market Research Insights
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