Global Tire Retreading Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Vehicle Type;

Passenger Cars and Commercial Vehicles.

By Production Method;

Pre-Cure and Mold-Cure.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn477778184 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Tire Retreading Market (USD Million), 2021 - 2031

In the year 2024, the Global Tire Retreading Market was valued at USD 4,378.37 million. The size of this market is expected to increase to USD 7,601.56 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 8.2%.

The global tire retreading market is experiencing significant growth due to the increasing demand for cost-effective and sustainable tire solutions. Tire retreading involves reconditioning used tires by replacing the worn-out tread with new rubber, extending the life of the tire and reducing the need for new tires. This process is widely recognized for its environmental benefits, as it reduces tire waste and lowers the consumption of raw materials. The growing awareness of sustainability and the need to reduce carbon footprints in industries like transportation are key factors driving the adoption of tire retreading. Additionally, retreaded tires are more affordable than new ones, making them an attractive option for commercial fleets and cost-conscious consumers.

In terms of application, the tire retreading market is largely driven by commercial vehicles, including trucks, buses, and other fleet vehicles, which experience high wear and tear on their tires due to constant use. Retreading is especially popular in industries with large vehicle fleets, such as logistics, transportation, and construction, where cost-efficiency is crucial. The passenger vehicle segment also contributes to market growth, although it is smaller compared to commercial vehicles. Retreaded tires are used in some passenger vehicles, particularly in emerging markets where affordability is a significant concern. The off-the-road (OTR) tire segment is growing as well, as industries such as mining and agriculture require durable tires for heavy-duty vehicles and machinery, and retreading offers a more economical and sustainable option for maintaining such equipment.

Geographically, Asia-Pacific holds the largest share of the global tire retreading market, driven by the high volume of commercial vehicles and the increasing demand for affordable and durable tire solutions in countries like China, India, and Japan. North America and Europe also represent significant markets for tire retreading, with a strong focus on sustainability and cost savings in the transportation sector. The Middle East and Latin America are emerging markets where the adoption of tire retreading is growing due to the rising number of commercial vehicles and the need to reduce operational costs. As the global push toward sustainability intensifies, the tire retreading market is expected to continue expanding, with technological advancements in retreading processes improving tire performance and longevity.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Production Method
    3. Market Snapshot, By Region
  4. Global Tire Retreading Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Cost Savings
        2. Environmental Sustainability
        3. Increased Vehicle Fleet Sizes
        4. Demand for High-Quality Retreaded Tires
        5. Government Regulations Supporting Retreading
      2. Restraints
        1. Perception of Lower Quality
        2. Limited Acceptance in Certain Applications
        3. Technological Constraints
        4. Availability of Quality Casing Supplies
      3. Opportunities
        1. Technological Advancements in Retreading Processes
        2. Expansion into Emerging Markets
        3. Growing Demand for Eco-Friendly Solutions
        4. Strategic Partnerships and Collaborations
        5. Focus on Value-Added Services and Customization
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Tire Retreading Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
    2. Global Tire Retreading Market, By Production Method, 2021 - 2031 (USD Million)
      1. Pre-Cure
      2. Mold-Cure
    3. Global Tire Retreading Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Bridgestone Corporation
      2. Michelin
      3. Goodyear Tire & Rubber Company
      4. Continental AG
      5. Marangoni S.p.A.
      6. The Yokohama Rubber Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market