Growing technological innovations in retread tire industry coupled with growing commercial vehicle fleet across the globe to drive global retread tire market through 2023
According to
TechSci Research report, “Global Retread
Tire Market By Vehicle
Type, By Retread Process, By Region, Competition, Forecast & Opportunities,
2023”, the global retread tire
market is projected to cross $ 11.5 billion by 2023, on account of rising
technological advancements in retread tire industry and increasing consumer
inclination towards using retread tires. Moreover, retread tires are witnessing
high demand from fleet owners as these tires provide better cost per kilometer
along with enhanced retread tire life. Additionally, growing fleet of
commercial vehicles across the globe and rising environmental concerns is
further anticipated to push sales of retread tires in the coming years.
Customers can
also request for 10% free customization on this report.
With more than four-fifth of the market share,
commercial vehicle segment dominated global retread tire market in 2017,
followed by passenger car and off-the-road vehicle segments. The lion’s share
of commercial vehicle segment is backed by growing e-commerce and logistics
industries, in which trucks are being extensively used for transportation.
Moreover, growing construction and infrastructural development across the globe
is further supporting global retread tire market. Prominent companies in
retreading business such as Vipal, Michelin, Marangoni, Bandag,
Continental, Goodyear, etc., are continuously working on producing more
affordable and advanced products as well as increasing focus on expanding their
product offerings to attract customers.
Browse 160 market data Figures and Tables spread through 190 Pages
and an in-depth TOC on "Global
Retread Tire Market"
“With growing
environmental concerns across the globe, retread tires offer a promising
alternative to new tires. Moreover, retread tires are cost-effective and
require less resources to manufacture as compared to new tires. Also, with the introduction of new advanced technologies, the quality of
retread tires has become much better over the last several years, thereby
making them a preferred choice for fleet owners. Additionally, rising consumer
acceptance of retread tires coupled with growing average selling price
of new tires would further steer growth in global retread tire market
during forecast period.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm.
This
Report Global Retread Tire Market also give In-depth Details of:1- Brazil Retread Tire Market Outlook
2- Argentina Retread Tire Market Outlook
3- Colombia Retread Tire Market Outlook
4- APAC Retread Tire Market Outlook
5- China Retread Tire Market Outlook
6- Australia Retread Tire Market Outlook
7- Japan Retread Tire Market Outlook
8- Europe & CIS Retread Tire Market Outlook
9- Germany Retread Tire Market Outlook
10- United Kingdom Retread Tire Market Outlook
11- France Retread Tire Market Outlook
12- Spain Retread Tire Market Outlook
13- Italy Retread Tire Market Outlook
14- MEA Retread Tire Market Outlook
15- South Africa Retread Tire Market Outlook
16- Saudi Arabia Retread Tire Market Outlook
“Global Retread Tire
Market By Vehicle
Type, By Retread Process, By Region, Competition, Forecast & Opportunities,
2023” has analyzed the potential of retread tire market, globally, and provides statistics and information on
market sizes, shares and trends. The report will suffice in providing the
intending clients with cutting-edge market intelligence and help them in taking
sound investment decisions. Besides, the report also identifies and analyzes
emerging trends along with essential drivers and key challenges faced by global
retread tire market.
About TechSci
Research
TechSci Research
is a leading global market research firm publishing premium market research
reports. Serving 700 global clients with more than 600 premium market research
studies, TechSci Research is serving clients across 11 different industrial
verticals. TechSci Research specializes in research based consulting
assignments in high growth and emerging markets, leading technologies and niche
applications. Our workforce of more than 100 fulltime Analysts and Consultants
employing innovative research solutions and tracking global and country
specific high growth markets helps TechSci clients to lead rather than follow
market trends.
Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com
No comments:
Post a Comment