The tire retreading market in the US is forecast to grow at a CAGR of 13.55% during the period 2017-2021.
The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
The latest trend gaining momentum in the market is the development of LRR retreads. Most tire manufacturers are focusing on tires as means to reduce fuel consumption. The emergence of certain regulatory programs promotes tires that assist in reducing fuel consumption and greenhouse gas emissions by CVs. For instance, the SmartWay program was started by the US EPA to help companies advance their supply chain sustainability by measuring and benchmarking and freight transportation efficiency. The retreads are classified as fuel efficient if they are SmartWay verified.
According to the report, one of the major drivers for this market is the lower cost of retreading compared with new tires. Fleet operators consider tires as an important contributor to their expenses of operating fleet. The cost of tires contributes to one-third of the annual expenditure incurred by fleet operators. Therefore, the adoption of cost-cutting measures in tires is the best way to streamline financial resources. Hence, retreads witnessed developments in the mid-19th century and gained significant adoption in the CVs market.
- Development of LRR retreads.
- Usage of internet-based reporting system for effective customer service.
- Growing popularity of premium tires to enable multiple retreading.
- Growing popularity of nanotechnology to reduce wear and tear.
- High number of warranty-less vehicles will push demand for retreads.
- Goodyear Tire & Rubber Company
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Sizing
Part 07: Five Forces Analysis
Part 08: Market Segmentation By Process Type
Part 09: Market Segmentation By Consumption
Part 10: Decision Framework
Part 11: Drivers And Challenges
Part 12: Market Trends
Part 13: Vendor Landscape
Part 14: Vendor Analysis
Part 15: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/2zzdxd/tire_retreading