DUBLIN--(BUSINESS WIRE)--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
