World Automotive Tire Retreading Services Market to 2023: Key Trends, Drivers, Restraints and Opportunities - ResearchAndMarkets.com

The "Global
Automotive Tire Retreading Services Market 2019-2023" report
has been added to ResearchAndMarkets.com's offering.

The automotive tire retreading services market will grow by over USD 118
million by 2023.

Retreaded tires help control environmental pollution significantly by
increasing the actual productive life of tires. This is because retreads
are applied to original casings of used worn-out tires that have not
fully completed their actual lifecycle. As the original casing can be
used twice or thrice for retreading, it results in efficient utilization
of a tire's lifecycle. In addition, the use of rubber resources can be
optimized by avoiding the need to scrap millions of worn out tires every
year which reduces the number of tires in landfills.

Retreaded tires also conserve less energy compared to the energy used up
in manufacturing new tires. Moreover, the manufacturing process of
retreaded tires takes less time and can lead to better tire management
in terms of economy and efficiency. Hence environmental benefits of
retreaded tires are crucial boosters for the automotive tire retreading
services market.

Regulators favoring retreaded tires

Most government bodies across the world are taking several initiatives
to promote the adoption of retreaded tires. Also, the price difference
between retreads and new low-cost imported tires is reducing. As a
result, regulators in the developed regions are focused on curbing
imports of low-cost tires, which is promoting the market's growth.

Retreaders facing cost pressures

The cost pressure is further aggravated by factors such as higher wages
and raw material prices among others, impeding the efficient operations
of tire retreading service providers. Stiff competition in terms of
pricing is lowering the profit margins of providers and can pull down
their financial standing. This has led to consolidation in the
automotive tire retreading services market which is a challenge.

Competitive Landscape

The automotive tire retreading services market is reasonably fragmented
with the presence of several international and regional vendors. This
market research report will help clients identify new growth
opportunities and design unique growth strategies by providing a
comprehensive analysis of the market's competitive landscape and
offering information on the products offered by companies.

Key Players

• Bridgestone
• Continental
• Pomp's Tire Service
• Southern Tire Mart
• The Goodyear Tire & Rubber
• Zenises

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

• Market ecosystem
• Market characteristics
• Market segmentation analysis

PART 04: MARKET SIZING

• Market definition
• Market sizing 2018
• Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

PART 06: MARKET SEGMENTATION BY TECHNOLOGY

• Comparison by technology
• Pre-cure - Market size and forecast 2018-2023
• Mold cure - Market size and forecast 2018-2023
• Market opportunity by technology

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

• Geographic comparison
• Americas - Market size and forecast 2018-2023
• APAC - Market size and forecast 2018-2023
• EMEA - Market size and forecast 2018-2023
• Key leading countries
• Market opportunity

PART 09: DRIVERS AND CHALLENGES

PART 10: MARKET TRENDS

PART 11: VENDOR LANDSCAPE

• Overview
• Landscape disruption

PART 12: VENDOR ANALYSIS

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Bridgestone
• Continental
• Pomp's Tire Service
• Southern Tire Mart
• The Goodyear Tire & Rubber
• Zenises

For more information about this report visit https://www.researchandmarkets.com/research/wpw5hc/world_automotive?w=4

View source version on businesswire.com: https://www.businesswire.com/news/home/20190206005547/en/