Market Size (2018)
2018
$7.69B
Automotive
Automotive Retread Tires Market
By Segment, By Region, And Segment Forecasts, 2018 – 2030
Vertical: AutoBase Year: 202110 Sections
Executive Summary
Automotive Retread Tires Market — Snapshot
Projected (2030)
2030
$10.11B
CAGR (2018–2030)
2.3%
2.3%Key Players
110+
The Global Automotive Retread Tires Market is consistently growing due to the Increasing demand automotive vehicles across globe and growing support from government through rules & regulations. Furthermore, growing research & development abilities among key players in the market is likely to drive the region’s market throughout the forecast year.
The Global Automotive Retread Tires Market is projected to grow at 3.9% CAGR during the forecast period, 2022–2030. In 2021, the Global Automotive Retread Tires Market was dominated by Asia-Pacific with a 39.6% share, followed by North America, and Europe with shares of 27.6%, and 19.7% respectively, while developing countries such as India and China are projected to showcase substantial growth throughout the forecast period.
The Global Automotive Retread Tires Market has been segmented based on process type, sales channel, vehicle type, and region. Based on process type, the Global Automotive Retread Tires Market has been segmented into pre-cure, and mold cure. The pre-cure segment is estimated to grow at 4.2% during the forecast period, while in 2021, while it accounted for 66.5% share.
Based on sales channel, the Global Automotive Retread Tires Market has been segmented into OEM, and aftermarket. The OEM segment is expected to grow at 3.7% during the forecast period. In 2021, the segment held an 83.8% share of the Global Automotive Retread Tires Market.
Based on vehicle type, the Global Automotive Retread Tires Market has been segmented into passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV). The LCV segment is expected to grow at 3.9% during the forecast period. In 2021, the segment held 54.1% of the Global Automotive Retread Tires Market.
Key Insight
The Automotive Retread Tires Market market is projected to grow at a CAGR of 2.3% from 2018 to 2030.
Market Performance Trend
Historical performance and future projections (2020–2030, USD Billion)
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What this report covers
- Geographic Coverage: This analysis covers 5 regions: North America, Europe, Asia Pacific, Middle East and Africa, South America.
- Market Segmentation: The market is analyzed across 2 segments: Pre-cure, Mold-cure. Forecasts are provided for each segment from 2018 to 2030.
- Competitive Landscape: 110 leading companies are profiled, covering market positioning, strategies, and recent developments.
Market Size (USD Mn)
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View Subscription PlansMarket Overview
Automotive Retread Tires Market — Growth Trajectory
Retread tires, sometimes known as recap tires or remolded tires, have undergone a remanufacturing process to replace the worn tread on used tires with new tread to help extend the life of the tire.
Automotive Retread Tires Market — Growth Trajectory
Pre-cure
Mold-cure
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View Subscription PlansMarket Size Trend (USD Mn)
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View Subscription PlansMarket Dimensions
How this market is segmented
- By Process Type By Process Type is broken down into: Pre-cure, Mold-cure.
- By Sales Channel By Sales Channel is broken down into: OEM, Aftermarket.
- By Vehicle Type By Vehicle Type is broken down into: Passenger Cars, Light Commercial Vehicles, Heavy Commercial Vehicles.
Geographic Analysis
Regional market breakdown
- North America North America market size reached $2.15B in 2018 and is projected to reach $2.54B by 2030, growing at a CAGR of 1.5%.
- Europe Europe market size reached $1.56B in 2018 and is projected to reach $1.90B by 2030, growing at a CAGR of 1.8%.
- Asia Pacific Asia Pacific market size reached $2.95B in 2018 and is projected to reach $4.34B by 2030, growing at a CAGR of 3.6%.
- Middle East and Africa Middle East and Africa market size reached $432.50M in 2018 and is projected to reach $574.60M by 2030, growing at a CAGR of 2.6%.
- South America South America market size reached $599.30M in 2018 and is projected to reach $757.00M by 2030, growing at a CAGR of 2.1%.
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View Subscription PlansResearch Methodology
Automotive Retread Tires Market — How We Researched This Market
This report applies a rigorous multi-stage research process combining primary interviews, secondary data sources, and bottom-up market modelling to ensure accuracy and completeness across all segments and geographies.
Base Year
2021
Historical Period
2018 – 2021
Forecast Period
2021 – 2030
Primary Interviews
150+
Research Process
Historical data (2018–2021) and forecast period (2021–2030)
1
Problem Definition
- Market scoping
- Objective setting
- Framework design
2
Secondary Research
- Literature review
- Data mining
- Trend analysis
3
Primary Research
- Expert interviews
- Field visits
- Surveys
4
Data Analysis
- Quantitative modeling
- Statistical testing
- Validation
5
Insights & Reporting
- Synthesis
- Recommendations
- Visualization
Research Depth
Our research process spans primary interviews with industry stakeholders combined with comprehensive secondary data analysis, validated through triangulation across multiple independent sources.
Historical vs. Forecast Data
Historical (observed)
Forecast (modelled)
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View Subscription PlansCompetitive Landscape & Porter's Five Forces
Automotive Retread Tires Market — Competitive Analysis
Threat Of New Entrants
The global automotive retread tire market is capital intensive, and the level of technical expertise required for product development and manufacturing is high. The presence of well-known tire companies, such as Michelin, Bridgestone Corporation, Pirelli, and Continental AG, with their strong brand image, make it difficult for the new entrants to create a brand value and achieve economies of scale. Moreover, established tire manufacturers have vast distribution networks and geographic reach, which gives them a competitive advantage over others. Furthermore, the established market players are venturing into new regions through strategic partnerships and joint ventures with local suppliers to increase their market share, reducing the potential profit margins for new entrants. Thus, the threat of new entrants in the global automotive tire market is expected to be low during the forecast period.
Bargaining Power of Suppliers
Automotive tire retread manufacturers procure both raw materials and additives from suppliers. The raw materials required for manufacturing tires include natural/synthetic rubber, silica, fabric, and steel, while the additives include fillers and chemicals. There are several natural/synthetic rubber, and fabric suppliers operating in the global market. However, the availability of suppliers is limited for other essential materials, such as silica, carbon black, fillers, chemicals, and other reinforcing materials. Established tire manufacturers procure these raw materials in high quantities, which reduces the bargaining power of suppliers to a certain extent. However, tire manufacturing companies cannot easily switch suppliers due to the risks involved in the timely delivery of the required quantity and quality of materials and additives from new suppliers. Hence, these manufacturers tend to have long term contracts with their suppliers. Thus, the bargaining power of suppliers in the global automotive tire market is expected to be moderate during the forecast period.
Threat of Substitutes
Automotive retread tires have no direct substitutes that match their specifications and features. However, off-road tires are the only alternative to conventional tires, especially in developing countries and regions. The limited awareness regarding the advantages of off-road tires and limited government initiatives to increase the adoption of such products are some of the factors restricting the adoption of off-the-road tires over conventional retread tires. Hence, the threat of substitutes is expected to be moderate in the global automotive retread tire market during the forecast period.
Bargaining Power of Buyers
Automotive retread tire buyers are aftermarket buyers. The concentration of buyers is high, as the product is used in various vehicle applications. The buyers prefer purchasing from existing tire providers due to the potential risks associated with the product quality and replacement services of new tire manufacturers, making the impact of brand identity moderate. However, the switching costs for the buyers is low.
Many automotive OEMs generally tend to have strategic contracts with tire manufacturing companies to develop tires retread specific to vehicle requirements, enabling them to purchase the product in large quantities and gain high bargaining power. On the other hand, aftermarket buyers purchase retread tires in small numbers and have low bargaining power. Thus, the overall bargaining power of buyers in the global automotive retread tire market is expected to be moderate during the study period.
Intensity Of Rivalry
The intensity of rivalry in the global automotive retread tire market is high as the tire manufacturing companies are developing multiple new material combinations and designs to improve the operational efficiency of the product. Moreover, market players are strategically investing in research & development for offering advanced products. The global market is dominated by top players, such as Michelin, Bridgestone Corporation, Pirelli, Hankook Tire, and Continental AG. These players continuously compete to increase their respective market shares, while the rest have an intense rivalry, owing to their presence in the unorganized aftermarket.
Thus, the low threat of new entrants, moderate bargaining power of buyers, moderate threat of substitutes, and moderate bargaining power of suppliers contribute to the high intensity of rivalry in the global automotive tire market during the forecast period.
Quantitative Analysis
Regional Breakdown
Regional market breakdown for Automotive Retread Tires Market.
Regional Market Size (USD Mn)
Market estimates by geography (2030)
USD Mn
InsightAsia Pacific leads with $4.34B by 2030.
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View Subscription PlansRegional Market Data
| REGION | 2018 | 2021 | 2030 | CAGR | SHARE |
|---|---|---|---|---|---|
| North America | $2.15B | $2.23B | $2.54B | 1.5% | 25% |
| Europe | $1.56B | $1.62B | $1.90B | 1.8% | 19% |
| Asia Pacific | $2.95B | $3.45B | $4.34B | 3.6% | 43% |
| Middle East and Africa | $432.50M | $470.40M | $574.60M | 2.6% | 6% |
| South America | $599.30M | $636.50M | $757.00M | 2.1% | 7% |
| Total | $7.69B | $8.41B | $10.11B | 2.3% | 100% |
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View Subscription PlansSegment Revenue (2030)
Pre-cure
Mold-cure
01907381357207626
Segment Market Share
- Pre-cure69%
- Mold-cure31%
Total Market Size
$10.11B
Market by Segment (2030)
| APPLICATION | REVENUE ($B) | GROWTH RATE | MARKET PENETRATION |
|---|---|---|---|
| Pre-cure | $6.93B | 2.3% | 89% |
| Mold-cure | $3.18B | 2.3% | 60% |
* Revenue projections based on 2025 estimates. Growth rates represent CAGR 2024–2030. Market penetration indicates current adoption rate within addressable market segments.
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Analytics
Automotive Retread Tires Market — Key Findings
Analytical insights on Automotive Retread Tires Market covering market dynamics, competitive landscape, and strategic outlook.
Key Analytical Findings
The Automotive Retread Tires Market market is projected to reach $10.11B by 2030, growing at 2.3% CAGR. The Pre-cure segment holds the largest share.
Market Dynamics
The Automotive retread tires market is expected to showcase significant growth over the projected period. The development of the Automotive retread tires market is influenced by the increasing tire sales and government-supporting rules and regulations. Moreover, the low cost of retread tires is fueling the market. However, retreading is not useful for all vehicle tires and may hinder its growth in the market
Market Drivers
Rapid growth in the automotive industry across the world has witnessed significant growth in tire consumption, which has led to the rising demand for the automotive tire. U.S. Tire Manufacturers Association (USTMA) projected the U.S. shipment of 342.1 million units in the year 2022 as compared to 335.2 million in the year 2021. As compared to 2021 Original equipment shipments for light trucks, passenger vehicles, and truck tires are expected to rise by 4.8%, 4.8% as well as 7.8% respectively having a total increase of 2.5 million units. Furthermore, the rise in sales of passenger cars around the world such as in 2022, in China passenger car sales rises due to subsidies for EVs. The subsidy has forced the automakers such as Tesla to deepen the discounts to maintain sales. Whereas in India domestic sales of tires are to grow by 7-9% in the year 2022-23, factors such as gradual ease of supply regarding constraints in the passenger vehicle original equipment segment improve the growth of momentum in the commercial vehicle original equipment segment as well as a stable replacement will support domestic demand growth.
Retreading of tires generally comes at almost 40% less than the original developments in new tires and the cost viability offered by retread tires is considered as an essential factor hiking the market development, which is additionally improved by the powerful development of the transportation business. Moreover, the industry news further, suggests that the retread tires and tire retreading are nature-friendly solutions and thus, are seeing help from various managing bodies empowering the utilization of retread tires.
Market Opportunities
The tire is a major contributor to the expense of operating the fleet. The cost of tires comprises one-third of the yearly expenditure suffered by fleet operators. The cost-effectiveness of retreaded tires is about 40% higher as compared to new tires, which is a significant edge in the achievement of operational efficiency. The different factors contribute to low costs of retreads. The major factor is the reduced consumption of rubber, which decreases the dependence on raw materials for manufacturing retread tires. lifecycle increases due to multiple recycling and reduces the cost. Furthermore, retreads are exempt from certain taxes for instance Federal Excise Tax charges which are up to USD 34 for new tires. Due to the economic benefit, truck fleet operators shift towards retreaded tires. Around 70% of commercial transport fleets retread the tires no less than once in the whole lifecycle. The cause of replacement is due to the costs of a retread tire being around 30% to 50% of the price of a new tire thus economical for the fleet operators. Further, more major players are establishing facilities across the world for offering retreaded tires. In September 2021, BKT established a new production unit in Waluj, in Maharashtra India, the annual production of the facility is around 30,000 metric tons of off-highway tires. Increasing demand for tire retreading for different medium-duty vehicles due to several logistic companies, last-mile delivery fleet service providers, etc. deploying retarding tires across the fleet. For instance, major parcel delivery fleets such as FedEx, and UPS, already adopted retreads for their last-mile delivery business. Thus, the low cost of retreading tire is providing the opportunity of the automotive retreading tire market.
Market Restraints
Retreading tires is considered safe as well as used in various vehicles. Although retreading tires can be very useful in commercials with a fleet of vehicles, not necessarily considered the best alternative for passenger cars. Due to the reason that standard vehicle tires consist of thinner materials, thus not suitable for retreading. Moreover, some car insurance providers do not consider retreads safe as well as do not recommend their use in a passenger vehicle. The passenger vehicle tire retarding may cause instability at high speed along with this it may lead to inferior wet grip and also affects the durability as well as braking performance. Thus, all these factors are restraining the automotive retarding tire market.
Strategic Outlook and Future Directions
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Partnerships between CDMOs and instrumentation vendors should accelerate standard datasets for comparability across sites, improving forecasting models used in capacity planning.
Longer horizon, organoid and microphysiological adoption may reshape segment mix; teams that invest early in assay interoperability and cloud QC hooks are better positioned to capture upside without fragmenting their analytics stack.
Market Value by Segment (2030)
Value (USD Mn)
Pre-cure
Mold-cure
Companies
Key companies profiled in Automotive Retread Tires Market
Profiles of 110 companies operating in the Automotive Retread Tires Market market, including revenue, employee count, and market positioning where available.
Showing 110 of 110 companies
Kraiburg A
Kraiburg Austria Gmbh & co. KG
Automotive
Company Headquarters: Austria Founded: 1947 Workforce: ~ 327 Company Working: Kraiburg Austria Gmbh & co. KG (Kraiburg Austria) has to know how the processing of rubber is and is one of the major players in the rubber industry. The product range included rubber compounds as well as material for the retreading industry and new tire industry, ergonomic workplace mats, hot-retreaded commercial vehicle tires, and special products. Tire Retreading Solutions offers raw materials for the tire industry, the company develops and manufactures for well-known tire manufacturers and various partners in the retreading industry.
RevenueN/A
Employees327
Market CapN/A
Founded1946
Austria
MRF Tyre
MRF Tyre
Automotive
Company Headquarters: India Founded: 1946 Workforce: ~ 18,734 Company Working: MRF Tyre (MRF) manufactures tires in all segments, from light and heavy commercial vehicles, tractors, earthmovers, passenger cars, motorsport tires, and two-wheelers to tires for fighter aircraft. The company offers Tyres, sports goods, retreads, paints & coats, whereas the company offers services under TIRETOK, T&S, MRF FASST, TYREDROME, MUSCLE ZONE, and MIDO. The company
Revenue$2.1B
Employees18,734
Market CapN/A
Founded1945
India
Nokian Tyr
Nokian Tyrer
Automotive
Company Headquarters: US Founded: 1988 Workforce: ~ 4,900 Company Working: Nokian Tyre develops as well as manufactures innovative tires for offering sustainability, predictability, and safety. The company develops as well as manufactures high-quality all-season tires for passenger cars, vans, and SUVs. Nokian Tyres produces passenger car tires in production units in Nokia, Dayto, and Finland, US. All heavy tires are produced at the Nokian factory except for tires buses and trucks, which is designed in Finland as well as produced by off-take contract production in the European Union.
Revenue$1.8B
Employees4,900
Market CapN/A
Founded1987
US
Marangoni
Marangoni S.p.A
Automotive
Company Headquarters: US Founded: 1940 Workforce: ~ 1000 Company Working: Marangoni S.p.A is (Marangonia) is among the major player in the green tire reading industry as well as in the design and manufacturing of machinery as well as materials. The company is a developer as well as a distributor of technologies and materials for the cold retreading of bus and truck tires. Marangoni offers customized machinery for all retreaters as well as all tire sizes: bus, truck, passenger car, aircraft, and OTR. The tires and services division does the production as well as direct sale of the tires and related services for transportation along with earth-moving industries. Furthermore, the company offers technical compounding in which special and traditional compounds are produced for different key industrial sectors in accordance with customer requirements. The company has a research and development center in Rovereto. It involves developing guidelines for all segments, which includes manufacturing of machinery for the tire industry, industrial-scale retreading of the truck, development of retreading technology and materials and earthmoving tires as well as manufacturing of customized technical compounds.
RevenueN/A
Employees1,000
Market CapN/A
Founded1939
US
JK Tyre &
JK Tyre & Industries Ltd.
Automotive
Company Headquarters: India Founded: 1951 Workforce: ~ 10,000+ Jk Tyre and Industries Ltd is among India's major tire manufacturers. JK Tyre is focused on driving innovation as well as excellence in the tire industry by introducing advanced technologies along with products that cater to the diverse business sector in the automobile industry. The company is a pioneer in radial technology and offers products in the truck and bus radial segment. The company offers end-to-end solutions across the segments of commercial vehicles, passenger vehicles, farming, Off the road as well as two and three-wheelers. JK tire has state of art global research and development center in Mysore. The company has 12 global manufacturing facilities of which 9 are in India as well as 3 in Mexico which collectively manufacture around 35 million tires yearly. Furthermore, the company has a strong network of around 4000 dealers along with more than 500 dedicated Brand shops called Xpress wheels and Steel wheels.
Revenue$1.6B
Employees10,000
Market CapN/A
Founded1950
India
Pirelli &
Pirelli & C. S.p.A.
Automotive
Company Headquarter: Milan, Italy Founded: 1872 Workforce: ~30,189 Company Working: Pirelli & C. S.p.A. manufactures and markets tires for cars, bicycles, and SUVs. It has 19 tire factories across 13 countries across four continents and more than 12,500 points of sale across more than 160 countries. The company is focused on research & development and has employed around 1,800 people working in its research and development department across 11 countries, globally. It has achieved more than 6,100 patents and has outsourced 150 projects for materials, processes, software, and electronics, all over the world. The company is planning to achieve environmental efficiency by 2020 by reducing specific indices of energy consumption, CO2 emissions, and water withdrawal and by enhancing its waste recovery process. Some of the major subsidiaries of Pirelli & C. S.p.A. includes Pirelli International plc, Pirelli Pneus Ltd., Deutsche Pirelli Reifen Holding Gmbh, Pneus Pirelli S.A.S, TP Industrial de Pneus Brazil Ltd., and Pirelli North America Inc.
Revenue$6.0B
Employees30,189
Market CapN/A
Founded1871
United States, North America
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Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.
Automotive Retread Tires Market
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