Tire Retreading Market Report 2025

This report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.

The tire retreading market size has grown steadily in recent years. It will grow from $7.67 billion in 2024 to $8.04 billion in 2025 at a compound annual growth rate (CAGR) of 4.7%. The growth in the historic period can be attributed to cost savings and economic benefits, environmental sustainability awareness, stringent tire disposal regulations, global economic factors, focus on fleet maintenance and efficiency.

The tire retreading market size is expected to see steady growth in the next few years. It will grow to $9.22 billion in 2029 at a compound annual growth rate (CAGR) of 3.5%. The growth in the forecast period can be attributed to circular economy initiatives, increased commercial vehicle fleet size, government incentives for sustainable practices, global efforts to reduce carbon emissions, increased consumer awareness. Major trends in the forecast period include advancements in retreading technology, development of high-performance retreaded tires, utilization of cold retreading techniques, introduction of smart retreading solutions, focus on quality certification and standards, adoption of computerized tread design.

The anticipated growth in the tire retreading market is expected to be fueled by the increasing number of transport and passenger vehicles. Transport vehicles, designed for moving goods or people, and passenger vehicles, which carry no more than 10 individuals, witness a rising demand for retread tires. This cost-effective option not only reduces expenses for passenger car owners but also contributes to waste reduction and the conservation of natural resources. For example, a report by MarkLines Co. Ltd. in September 2023 revealed a 12.7% increase in passenger car sales in August, reaching a total of 280,223 units and a market share of 20.9% in the U.S. The growing fleet of transport and passenger vehicles is thus propelling the tire retreading market.

The growth of the logistics sector is expected to drive the expansion of the tire retreading market in the future. The logistics sector involves the movement, storage, and management of goods and materials across the supply chain, ensuring their efficient flow from production to consumption. Tire retreading helps reduce operational costs for the logistics sector by extending tire lifespan, enhancing fuel efficiency, and minimizing environmental impact. For example, in June 2024, Logistics UK, a UK-based trade association, published a report stating that the logistics sector contributed £185 billion ($233 billion) to the UK’s GVA in 2022, marking a significant increase from £160.2 billion ($198 billion) in 2021, reflecting a positive economic growth trend. Therefore, the growing logistics sector is propelling the tire retreading market forward.

Major companies in the tire retreading market are introducing new products, such as multi-life tires, to enhance grip and durability. Multi-life tires are retreaded tires designed for multiple uses, promoting sustainability by reducing waste and resource consumption while maintaining performance and safety. For example, in April 2023, Black Star, a US-based retread tire company, launched the Leonard retreaded tire. This innovative tire is designed as a multi-life product, enabling it to be used across several lifecycles, significantly reducing its environmental impact. It boasts the lowest carbon footprint in the industry, with a remarkable 80% reduction in material usage and up to 60% lower CO2 emissions during production. The Leonard tire provides superior grip, enhanced durability, and improved safety, all while offering low rolling resistance for better fuel efficiency and reduced emissions. It is available in various profiles suitable for passenger cars, SUVs, and commercial vehicles, addressing a wide range of driving conditions.

In April 2022, Pomp’s Tire Service Inc., a tire and wheel company based in the US, successfully acquired Dale’s Tire & Retreading Inc. The strategic acquisition is geared towards enhancing Pomp’s tire service portfolio by leveraging its retreading network, ultimately offering improved services to customers. Dale’s Tire & Retreading Inc., the acquired company, is also based in the US and specializes in tire retreading.

Major companies operating in the tire retreading market report are Bridgestone Corp., Michelin SCA, Goodyear Tire and Rubber Co., Yokohama Rubber Co, Hankook Tire & Technology Co. Ltd., Apollo Tyres Limited, Giti Tire Pte. Ltd., MRF Ltd., Southern Tire Mart LLC, Nokian Tyres PLC, JK Tyre & Industries Ltd., CEAT Limited, Pomp's Tire Service Inc., Marangoni S.p.A, Kraiburg Austria Gmbh & Co.Kg, BestDrive LLC, Oliver Rubber Company, Parrish Tire Company, Rosler Tyre Innovators Pty Ltd., Valley Tire Company, Redburn Tire Company, TreadWright Tires L.L.C., Tolins Tyres Pvt. Ltd., Easters Treads Limited, Dale’s Tire & Retreading Inc., Pilipinas Kai Rubber Corporation.

Asia-Pacific was the largest region in the tire retreading market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the tire retreading market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the tire retreading market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The tire retreading market consists of revenues earned by entities by provide services such as tire repair, inspection, testing, disposal, recycling, and tire management solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The tire retreading market also includes sales of rubber compounds, cushion gum, envelopes, rubber ribs, and curing tubes. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Tire retreading is a re-manufacturing process that involves adding fresh tread to used tires, effectively extending their lifespan. This practice is employed to provide fleet owners and other vehicle operators with a cost-effective, reliable, and environmentally friendly solution for managing tire replacement expenses and reducing their ecological footprint.

The primary methods of tire retreading include pre-cure and mold cure. In pre-cure tire retreading, the process utilizes rubber that has already undergone vulcanization and carries the imprint of the new tread pattern. These methods find applications across various vehicle types such as heavy trucks and buses, light commercial vehicles, off-road vehicles, and passenger cars. Additionally, they cater to diverse end-users, including automobiles and heavy machinery.

The tire retreading market research report is one of a series of new reports that provides tire retreading market statistics, including tire retreading industry global market size, regional shares, competitors with a tire retreading market share, detailed tire retreading market segments, market trends, and opportunities, and any further data you may need to thrive in the tire retreading industry. This tire-retreading market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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