According to a market report by Lucintel, the future of the global automotive retreaded tire market looks promising with opportunities in the OEM and aftermarket markets. The global automotive retreaded tire market is expected to grow with a CAGR of 5.2% from 2024 to 2030. The major drivers for this market are surge in the sales of automobiles, growing the need for cost-effective tires for heavy commercial vehicles, and rising demand for tires from fleet owners.
In this market, heavy commercial vehicle, passenger car, and light
commercial vehicle are the major segments of automotive retreaded tire market
by vehicle type.
Lucintel forecasts that passenger car is expected to witness the highest
growth over the forecast period due to high volume of passenger cars across the
globe.
Within this market, OEM will remain the larger segment due to rising
demand of tires in passenger as well as commercial vehicles.
Download sample by clicking on automotive
retreaded tire market.
APAC is expected to witness highest growth over the forecast period due
to rising environmental concern and huge vehicle production in this region.
Marangoni, Nokian Tyres, MRF Tyres, Kraiburg Austria, Cst Industries,
Mcdermott, and Permianlide are the major suppliers in the automotive retreaded
tire market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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