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Tire Retreading Market in the US by Product Type and Consumption Pattern - Forecast and Analysis 2022-2026

  • Published: Jul 2022
  • Pages: 110
  • SKU: IRTNTR43800
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The tire retreading market share in the US is expected to increase by USD 422.19 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.12%.

This tire retreading market in the US research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the tire retreading market in the US segmentation by product type (pre-cure and mold cure) and consumption pattern (domestic consumption and export). The US tire retreading market report also offers information on several market vendors, including Aviation Tires and Treads LLC, Best One Tire and Service, Blacks Tire and Auto Service, Bob Sumerel Tire, Boulevard Tire Center, CraftTire Inc., Desser Holdings LLC, Dorsey Tire, Kilgore Tire Center, Les Schwab Tire Centers, McCarthy Tire, McWhorters Tire Co, New Pride Tire, Inc., Parrish Tire Co., Redburn Tire Co., Southern Tire Mart, The Goodyear Tire and Rubber Co., Tredroc Tire Services, WILKERSON CO INC., and Ziegler Tire among others.

What will the Tire Retreading Market Size in the US be During the Forecast Period?

Tire Retreading Market in the US Size

Download Report Sample to Unlock the Tire Retreading Market Size in the US for the Forecast Period and Other Important Statistics

 

Tire Retreading Market in the US: Key Drivers, Trends, and Challenges

Based on our research output, there has been a neutral impact on the market growth during and post COVID-19 era. The lower cost of tire retreading is notably driving the tire retreading market growth in the US, although factors such as the availability of low-cost new tires posing threats to retread tires may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the tire retreading industry in the US. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Tire Retreading Market Driver in the US

The lower cost of Tire retreading is one of the key drivers fueling the tire retreading market growth in the US. Tires are significant components of the operational costs for fleet operators. Meanwhile, the cost-effectiveness of retreads is about 40% higher than the new tires, which gives fleet operators a significant edge in achieving operational efficiency. The factor contributing to the low cost of retreads is the reduced consumption of rubber, which decreases the dependence of retreads on raw materials, which are, in turn, highly susceptible to price fluctuations. Moreover, the multiple recycling of tires increases their lifecycle, as well as reduces their cost. However, the savings are not just limited to the time of retreading but after service as well. Thus, the low cost of Tire retreading will drive market growth during the forecast period.

Key Tire Retreading Market Trend in the US

Technological advances is one of the key US tire retreading market trends propelling the market growth. Technological advances such as the development of LRR retreads, the penetration of smart technology in vehicles, and the application of nanotechnology to reduce the wear and tear in heavy truck tires are likely to propel the growth of the market US. Tire manufacturers are focusing on tires to reduce fuel consumption. The emergence of certain regulatory programs promotes tires that assist in reducing fuel consumption and greenhouse gas emissions by commercial vehicles. On the other hand, a reduction in wear and tear is critical for heavy truck tires as they are exposed to heat and pressure. The application of nanotechnology enables these tires to operate in a wide range of temperatures, with superior heat resistance. Such technological advancements will propel the growth of the market during the forecast period.

Key Tire Retreading Market Challenge in the US

The availability of low-cost new tires posing threats to retread tires is one of the key factors limiting the tire retreading market growth in the US. In the last decade, the demand for tires increased, with the supply remaining the same, which led to a shortage of new tires in the market. However, the recession reduced the tire demand, while new factories increased the supply of new tires. This reversed the scenario with plenty of new tires in the market at a historically lower cost. Additionally, imports from China further reduced the price of new tires and bridged the price gap between new tires and retreads significantly. Well, this gap is expected to reduce further in the coming years and challenging retread players to optimize the operation and manufacturing to reduce the prices of retreads.

This tire retreading market in the US analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the tire retreading market in the US as a part of the global tires and rubber market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the tire retreading market in the US during the forecast period.

Who are the Major Tire Retreading Market Vendors in the US?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Aviation Tires and Treads LLC
  • Best One Tire and Service
  • Blacks Tire and Auto Service
  • Bob Sumerel Tire
  • Boulevard Tire Center
  • CraftTire Inc.
  • Desser Holdings LLC
  • Dorsey Tire
  • Kilgore Tire Center
  • Les Schwab Tire Centers
  • McCarthy Tire
  • McWhorters Tire Co
  • New Pride Tire, Inc.
  • Parrish Tire Co.
  • Redburn Tire Co.
  • Southern Tire Mart
  • The Goodyear Tire and Rubber Co.
  • Tredroc Tire Services
  • WILKERSON CO INC.
  • Ziegler Tire

 

This statistical study of the tire retreading market in the US encompasses successful business strategies deployed by the key vendors. The tire retreading market in the US is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • skytreads.com - The company offers tire retreading that includes 6 Ply "2 Rib High-Performance Retreads, Ply Tubeless 2 Rib High-Performance Retreads, 4 Rib Economy Retreads, 8 Ply Retreads.
  • bestonetire.com - The company offers tire retreading that includes new automobile tires, batteries, and other automobile parts and accessories.
  • desser.com - The company offers tire retreading that repairs, distributes, and manufactures aircraft tires.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The tire retreading market in the US forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Tire Retreading Market in the US Value Chain Analysis

Our report provides extensive information on the value chain analysis for the US tire retreading market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

What are the Revenue-generating Product Type Segments in the Tire Retreading Market in the US?

Tire Retreading Market in the US Share

To gain further insights on the market contribution of various segments Request PDF Sample

The tire retreading market share growth in the US by the pre-cure segment will be significant during the forecast period. The pre-cure process involves the vulcanization of retread rubber separately, followed by its binding to the Tire through the cushion gum. The cushion gum serves as an adhesive between the pre-cured tread and the Tire. The Tire is then placed in a curing chamber, where the pre-cured tread is fastened to the Tire through the vulcanization process, like in new tire production. Moreover, pre-cure retreading manufacturing requires lower investment and incurs lower follow-up costs compared with the mold cure process. This, in turn, will boost the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the US tire retreading market size and actionable market insights on post COVID-19 impact on each segment.

 

Tire Retreading Market Scope in the US

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 2.12%

Market growth 2022-2026

$ 422.19 million

Market structure

Fragmented

YoY growth (%)

1.58

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Aviation Tires and Treads LLC, Best One Tire and Service, Blacks Tire and Auto Service, Bob Sumerel Tire, Boulevard Tire Center, CraftTire Inc., Desser Holdings LLC, Dorsey Tire, Kilgore Tire Center, Les Schwab Tire Centers, McCarthy Tire, McWhorters Tire Co, New Pride Tire, Inc., Parrish Tire Co., Redburn Tire Co., Southern Tire Mart, The Goodyear Tire and Rubber Co., Tredroc Tire Services, WILKERSON CO INC., and Ziegler Tire

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Tire Retreading Market in the US Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive tire retreading market growth in the US during the next five years
  • Precise estimation of the tire retreading market size in the US and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the tire retreading industry in the US 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of tire retreading market vendors in the US 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Country Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market Segmentation by Product Type
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Consumption Pattern
    • Exhibit 06: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 07: Parent market
    • Exhibit 08: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 09: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 10: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 11: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 12: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 13: Chart on US: Year-over-year growth 2021-2026 (%)
      • Exhibit 14: Data Table on US: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 15: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 16: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 17: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 18: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 19: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 20: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 21: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product Type

    • 5.1 Market segments
      • Exhibit 22: Chart on Product Type - Market share 2021-2026 (%)
      • Exhibit 23: Data Table on Product Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Product Type
      • Exhibit 24: Chart on Comparison by Product Type
      • Exhibit 25: Data Table on Comparison by Product Type
    • 5.3 Pre-cure - Market size and forecast 2021-2026
      • Exhibit 26: Chart on Pre-cure - Market size and forecast 2021-2026 ($ million)
      • Exhibit 27: Data Table on Pre-cure - Market size and forecast 2021-2026 ($ million)
      • Exhibit 28: Chart on Pre-cure - Year-over-year growth 2021-2026 (%)
      • Exhibit 29: Data Table on Pre-cure - Year-over-year growth 2021-2026 (%)
    • 5.4 Mold cure - Market size and forecast 2021-2026
      • Exhibit 30: Chart on Mold cure - Market size and forecast 2021-2026 ($ million)
      • Exhibit 31: Data Table on Mold cure - Market size and forecast 2021-2026 ($ million)
      • Exhibit 32: Chart on Mold cure - Year-over-year growth 2021-2026 (%)
      • Exhibit 33: Data Table on Mold cure - Year-over-year growth 2021-2026 (%)
    • 5.5 Market opportunity by Product Type
      • Exhibit 34: Market opportunity by Product Type ($ million)

    6 Market Segmentation by Consumption Pattern

    • 6.1 Market segments
      • Exhibit 35: Chart on Consumption Pattern - Market share 2021-2026 (%)
      • Exhibit 36: Data Table on Consumption Pattern - Market share 2021-2026 (%)
    • 6.2 Comparison by Consumption Pattern
      • Exhibit 37: Chart on Comparison by Consumption Pattern
      • Exhibit 38: Data Table on Comparison by Consumption Pattern
    • 6.3 Domestic consumption - Market size and forecast 2021-2026
      • Exhibit 39: Chart on Domestic consumption - Market size and forecast 2021-2026 ($ million)
      • Exhibit 40: Data Table on Domestic consumption - Market size and forecast 2021-2026 ($ million)
      • Exhibit 41: Chart on Domestic consumption - Year-over-year growth 2021-2026 (%)
      • Exhibit 42: Data Table on Domestic consumption - Year-over-year growth 2021-2026 (%)
    • 6.4 Export - Market size and forecast 2021-2026
      • Exhibit 43: Chart on Export - Market size and forecast 2021-2026 ($ million)
      • Exhibit 44: Data Table on Export - Market size and forecast 2021-2026 ($ million)
      • Exhibit 45: Chart on Export - Year-over-year growth 2021-2026 (%)
      • Exhibit 46: Data Table on Export - Year-over-year growth 2021-2026 (%)
    • 6.5 Market opportunity by Consumption Pattern
      • Exhibit 47: Market opportunity by Consumption Pattern ($ million)

    7 Customer Landscape

    • 7.1 Customer landscape overview
      • Exhibit 48: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 49: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 50: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 51: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 52: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 53: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 54: Matrix on vendor position and classification
            • 10.3 Aviation Tires and Treads LLC
              • Exhibit 55: Aviation Tires and Treads LLC - Overview
              • Exhibit 56: Aviation Tires and Treads LLC - Product / Service
              • Exhibit 57: Aviation Tires and Treads LLC - Key offerings
            • 10.4 Best One Tire and Service
              • Exhibit 58: Best One Tire and Service - Overview
              • Exhibit 59: Best One Tire and Service - Product / Service
              • Exhibit 60: Best One Tire and Service - Key offerings
            • 10.5 Desser Holdings LLC
              • Exhibit 61: Desser Holdings LLC - Overview
              • Exhibit 62: Desser Holdings LLC - Product / Service
              • Exhibit 63: Desser Holdings LLC - Key offerings
            • 10.6 Dorsey Tire
              • Exhibit 64: Dorsey Tire - Overview
              • Exhibit 65: Dorsey Tire - Product / Service
              • Exhibit 66: Dorsey Tire - Key offerings
            • 10.7 Les Schwab Tire Centers
              • Exhibit 67: Les Schwab Tire Centers - Overview
              • Exhibit 68: Les Schwab Tire Centers - Product / Service
              • Exhibit 69: Les Schwab Tire Centers - Key offerings
            • 10.8 McCarthy Tire
              • Exhibit 70: McCarthy Tire - Overview
              • Exhibit 71: McCarthy Tire - Product / Service
              • Exhibit 72: McCarthy Tire - Key offerings
            • 10.9 New Pride Tire, Inc.
              • Exhibit 73: New Pride Tire, Inc. - Overview
              • Exhibit 74: New Pride Tire, Inc. - Product / Service
              • Exhibit 75: New Pride Tire, Inc. - Key offerings
            • 10.10 Parrish Tire Co.
              • Exhibit 76: Parrish Tire Co. - Overview
              • Exhibit 77: Parrish Tire Co. - Product / Service
              • Exhibit 78: Parrish Tire Co. - Key offerings
            • 10.11 Redburn Tire Co.
              • Exhibit 79: Redburn Tire Co. - Overview
              • Exhibit 80: Redburn Tire Co. - Product / Service
              • Exhibit 81: Redburn Tire Co. - Key offerings
            • 10.12 The Goodyear Tire and Rubber Co.
              • Exhibit 82: The Goodyear Tire and Rubber Co. - Overview
              • Exhibit 83: The Goodyear Tire and Rubber Co. - Business segments
              • Exhibit 84: The Goodyear Tire and Rubber Co. - Key news
              • Exhibit 85: The Goodyear Tire and Rubber Co. - Key offerings
              • Exhibit 86: The Goodyear Tire and Rubber Co. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 87: Inclusions checklist
                • Exhibit 88: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 89: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 90: Research methodology
                • Exhibit 91: Validation techniques employed for market sizing
                • Exhibit 92: Information sources
              • 11.5 List of abbreviations
                • Exhibit 93: List of abbreviations
              • Aftermarket (replacement) (New;

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Tire Retreading Market in the US market growth will increase by $422.19 mn during 2022-2026.
                The tire retreading market in the us market is expected to grow at a CAGR of 2.12% during 2022-2026.
                Technavio has segmented the tire retreading market in the us market by other 1 (Pre-cure and Mold cure) ,other 2 (Domestic consumption, Export, and Asia) , and geographic (US).
                Aviation Tires and Treads LLC, Best One Tire and Service, Blacks Tire and Auto Service, Bob Sumerel Tire, Boulevard Tire Center, CraftTire Inc., Desser Holdings LLC, Dorsey Tire, Kilgore Tire Center, Les Schwab Tire Centers, McCarthy Tire, McWhorters Tire Co, New Pride Tire, Inc., Parrish Tire Co., Redburn Tire Co., Southern Tire Mart, The Goodyear Tire and Rubber Co., Tredroc Tire Services, WILKERSON CO INC., Ziegler Tire are a few of the key vendors in the tire retreading market in the us market.
                North America will register the highest growth rate of 100% among the other regions. Therefore, the tire retreading market in the us market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                The key factors driving the tire retreading market in the us market growth are:
                • Lower cost of tire retreading
                • Technological advances
                The tire retreading market in the us market vendors should focus on grabbing business opportunities from the pre-cure segment as it accounted for the largest market share in the base year.
                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?
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