Tire Retreading Market Report 2025 (Global Edition)

Global Tire Retreading Market Report 2025 Market Size Split by Type (Pre-Cure, Mold-Cure), by Vehicle Type (Commercial Vehicle, Off-highway Vehicle), by Tire Type (Radial, Bias, Solid), by Sales Chann...

Tire Retreading Market Report Description

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Tire Retreading Market Insights Video

Competitive Landscape of the Tire Retreading Market

The tire retreading industry has a competitive landscape that includes both global and regional companies. Major players in the industry include Bridgestone, Michelin, Goodyear, and Marangoni, who provide innovative retreading services and technology. These significant firms use their enormous distribution networks, technological knowledge, and brand reputation to gain market share. Furthermore, smaller, regional retreading businesses compete by offering cost-effective solutions suited to local markets. Competition is also fueled by advancements in retreading technologies, increased durability, and environmentally friendly methods. As sustainability becomes a priority, both large and small businesses work to create efficient, high-quality retreading choices to fulfill expanding demand.

In January 2023, Continental launched a program called ContiCasingAccount for its tire dealers. This unique scheme allows dealers to build credit by putting spent casings from truck customers into an account. Following successful testing with 28 dealers in Germany, Continental intended to expand the initiative to include all interested tire dealers. (Source: https://www.continental.com/en/press/press-releases/20230131-conticasingaccount/ ) In July 2022, Oliver Rubbe introduced their latest driving position retread, the Vantage Max driving II. The Vantage Max Drive II fulfills current SmartWay specifications for line-haul and regional applications and has 26% more tread depth than its predecessor, the Vantage Max Drive. (Source: https://michelinmedia.com/pages/blog/detail/article/c/a1211/ ) In May 2022, Hankook and Vaculug agreed to retread tires in the United Kingdom. Vaculug will employ Hankook products as a premium fitment across all of its fleets. The Hankook SmartLife Solutions concept emphasizes the advantages of hot retreading for fleet operators. All Hankook commercial vehicle tires are designed to be regrooved, and the high-quality carcasses can be retreaded several times. (Source: https://www.hankooktire.com/global/en/company/media-list/media-detail.602535.html )

Top Companies Market Share in Tire Retreading Industry: (In no particular order of Rank)

• Bridgestone Corporation
• Compagnie Gnrale des tablissements Michelin SCA
• Continental AG
• Goodyear Tire and Rubber Co.
• Pirelli & C. SpA
• Alliance Tire Group
• Apollo Tires Ltd.
• Cooper Tire and Rubber Co.
• Hangzhou Zhongce Rubber Co. Ltd
• and Hankook Tire Co.
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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Regional Analysis of the Tire Retreading Market

Which Region Dominates the Tire Retreading Market in 2024?

According to Cognitive Market Research, North America currently dominates the Tire Retreading market, and the region is expected to have significant growth during the projected period. The growing use of commercial transportation in North America drives up demand for tire retreading in the industry. Technological improvement in the region, as well as increased vehicle sales, particularly in the commercial vehicle (light and heavy commercial) segment, are expected to drive up demand for tire retreading to ensure the efficient operation of modern autos.

Which Region is Expanding at the Fastest CAGR?

Asia-Pacific is expected to make significant gains during the projected period, with the greatest compound annual growth rate (CAGR). The region is rapidly industrializing and urbanizing, which is driving up economic activity and transportation demand. This expansion has resulted in a considerable increase in the commercial vehicle fleet, which includes trucks, buses, and delivery vehicles, all of which use retreaded tires heavily.

The current report Scope analyzes Tire Retreading Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Switzerland, Luxembourg, Rest of Europe)
• Asia Pacific (China, Japan, South Korea, India, Australia, Singapore, Taiwan, South East Asia, Rest of APAC)
• Latin America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East (Saudi Arabia, Turkey, UAE, Egypt, Qatar, Rest of Middle East)
• Africa (Nigeria, South Africa, Rest of Africa)

The above graph is for illustrative purposes only.

North America Tire Retreading Market Analysis

According to Cognitive Market Research, the global Tire Retreading market size was estimated at USD 5524.2Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2209.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.8% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Tire Retreading market with a market size of USD 1743.44 million in 2024 and is projected to grow at a CAGR of 1.6% during the forecast period. The U.S. market's Stringent governmental regulations against plastic pollution.
• The Canada Tire Retreading market had a market share of USD 265.16 million in 2024 and is projected to grow at a CAGR of 2.6% during the forecast period. Canada’s rising road accident.
• The Mexico Tire Retreading market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 201.08 million in 2024.

Europe Tire Retreading Market Analysis

According to Cognitive Market Research, the global Tire Retreading market size was estimated at USD 5524.2 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1657.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.1% from 2024 to 2031.

• The United Kingdom Tire Retreading market had a market share of USD 278.42 million in 2024 and is projected to grow at a CAGR of 2.9% during the forecast period. In the UK, Tire Retreading sales witness an upswing due to the increasing focus on environmental sustainability.
• The France Tire Retreading market is projected to witness growth at a CAGR of 1.3% during the forecast period, with a market size of USD 152.47 million in 2024.
• According to Cognitive Market Research, the German Tire Retreading market size was valued at USD 328.14 million in 2024 and is projected to grow at a CAGR of 2.3% during the forecast period. In Germany, Tire Retreading surged due to the Increased focus of the manufacturers and major market players.
• The Italy Tire Retreading market is projected to witness growth at a CAGR of 1.5% during the forecast period, with a market size of USD 142.52 million in 2024.
• The Russia Tire Retreading market is projected to witness growth at a CAGR of 1.1% during the forecast period, with a market size of USD 256.88 million in 2024.
• The Spain Tire Retreading market is projected to witness growth at a CAGR of 1.2% during the forecast period with a market size of USD 135.90 million in 2024
• The Luxembourg Tire Retreading market is projected to witness growth at a CAGR of 2.2% during the forecast period, with a market size of USD 51.38 million in 2024.
• The Portugal Tire Retreading market is projected to witness growth at a CAGR of 1.9% during the forecast period, with a market size of USD 34.80 million in 2024.
• The Greece Tire Retreading market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 19.89 million in 2024.
• The Rest of Europe's Tire Retreading market is projected to witness growth at a CAGR of 0.8% during the forecast period, with a market size of USD 256.88 million in 2024.

Asia Pacific Tire Retreading Market Analysis

According to Cognitive Market Research, the global Tire Retreading market size was estimated at USD 5524.2Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1270.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.

• According to Cognitive Market Research, the China Tire Retreading market size was valued at USD 571.75 million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. Tire Retreading surged in China due to increased focus of the manufacturers and major market players.
• The Japan Tire Retreading market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 175.34 million in 2024.
• The India Tire Retreading market had a market share of USD 152.47 million in 2024 and is projected to grow at a CAGR of 7.4% during the forecast period. India's increasing demand for e-commerce industry.
• The South Korean Tire Retreading market is projected to witness growth at a CAGR of 4.7% during the forecast period, with a market size of USD 127.06 million in 2024.
• The Australian Tire Retreading market is projected to witness growth at a CAGR of 5.3% during the forecast period, with a market size of USD 66.07 million in 2024.
• The South East Asia Tire Retreading market is projected to witness growth at a CAGR of 6.6% during the forecast period, with a market size of USD 87.67 million in 2024.
• The Rest of Asia Pacific Tire Retreading market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD 90.21 million in 2024.

South America Tire Retreading Market Analysis

According to Cognitive Market Research, the global Tire Retreading market size was estimated at USD 5524.2Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 276.21 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.

• According to Cognitive Market Research, the Brazil Tire Retreading market size was valued at USD 118.22 million in 2024 and is projected to grow at a CAGR of 3.6% during the forecast period. Tire Retreading flourished in Brazil due to increasing demand for mining industry.
• Argentina's Tire Retreading market had a market share of USD 46.40 million in 2024 and is projected to grow at a CAGR of 3.9% during the forecast period. Argentina's rising logistics and transportation industry.
• Colombia Tire Retreading market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 24.58 million in 2024.
• Peru Tire Retreading market is projected to witness growth at a CAGR of 3.2% during the forecast period, with a market size of USD 22.65 million in 2024.
• Chile Tire Retreading market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD 19.89 million in 2024.
• The Rest of Latin America's Tire Retreading market is projected to witness growth at a CAGR of 2.1% during the forecast period, with a market size of USD 44.47 million in 2024.

Middle East Tire Retreading Market Analysis

According to Cognitive Market Research, the global Tire Retreading market size was estimated at USD 5524.2 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 110.48 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.3% from 2024 to 2031.

• The GCC Countries Tire Retreading market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD 47.29 million in 2024. Tire Retreading sales flourish due to the presence of major market players.
• The Egypt Tire Retreading market is projected to witness growth at a CAGR of 3.6% during the forecast period, with a market size of USD 11.60 million in 2024.
• The South Africa Tire Retreading market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD 17.46 million in 2024. Tire Retreading sales flourished in South Africa due to increasing demand and regulatory support.
• The Turkey Tire Retreading market is projected to witness growth at a CAGR of 2.8% during the forecast period, with a market size of USD 9.50 million in 2024.
• The Nigeria Tire Retreading market is projected to witness growth at a CAGR of 2.4% during the forecast period, with a market size of USD 11.60 million in 2024.
• The Rest of the MEA Tire Retreading market is projected to witness growth at a CAGR of 2.3% during the forecast period, with a market size of USD 13.04 million in 2024.

Tire Retreading Market Analysis

Tire Retreading Market Type Segment Analysis

According to Cognitive Market Research, Pre-Cure is likely to dominate the Tire Retreading Market over the forecast period. The pre-cure retreading method is in high demand due to its efficiency and cost-effectiveness. This procedure involves applying pre-vulcanized tread rubber to the tire casing, making it a popular choice among commercial vehicle fleets. Pre-cure retreading allows for greater flexibility in tire tread design, which improves performance for specialized applications such as long-haul or regional transportation. Its capacity to increase tire life while lowering overall maintenance costs appeals to fleet operators.

The Mold-Cure is the fastest-growing segment in the Tire Retreading Market. Mold-cure retreading, a procedure that involves curing the tire in a mold before applying a new tread, is in high demand due to its ability to produce a more consistent and visually pleasing tire. This technology is widely utilized in commercial vehicles, providing performance attributes comparable to new tires. Mold-cure retreading is preferred for applications that require durability and appearance, such as urban and off-road vehicles.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Tire Retreading Industry. Request a Free Sample PDF!

Tire Retreading Market Vehicle Type Segment Analysis

According to Cognitive Market Research, the Commercial Vehicle segment holds the largest share of the market. Tire retreading is in high demand in commercial vehicles because of the cost savings and increased tire lifespan it provides. Commercial trucks, buses, and trailers benefit from retreading since it saves money on new tires. Retreaded tires match the durability and performance requirements of heavy-duty vehicles, making them a viable option for fleet operators.

In the Tire Retreading Market, the Off-highway Vehicle has been expanding at a rapid pace. The need for tire retreading in off-highway vehicles, such as those used in mining, agriculture, and construction, is driven by durability and cost savings. These industries frequently work in extreme environments, resulting in quick tire wear. Retreading is a cost-effective method that extends the life of tires and reduces the frequency of replacements.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Tire Retreading Tire Type Segment Analysis

Tire Retreading Market Tire Type Segment Analysis

According to Cognitive Market Research, The Radial segment holds the largest market share. Radial tires are gaining popularity in the tire retreading sector due to their greater performance and longevity over bias tires. Radial tires, which are noted for their superior fuel efficiency, longer tread life, and improved handling, are commonly utilized in commercial vehicles and off-road applications. Retreading radial tires enables fleet operators to maximize the cost-effectiveness of these high-performance tires.

In the Tire Retreading market, the rapidly growing sector is the Bias category. While radial tires dominate the market, retreading bias tires remain popular in some applications, particularly for off-road vehicles like as tractors and industrial machines. Bias tires are noted for their high sidewall protection and are popular in rough terrain. Retreading bias tires enhances their service life and is a cost-effective solution for industries like as agriculture and construction.

• Radial
• Bias
• Solid

Tire Retreading Sales Channel Segment Analysis

Tire Retreading Market Sales Channel Segment Analysis

According to Cognitive Market Research, OEM service providers are likely to dominate the Tire Retreading Market over the forecast period. OEM service providers play an important role in the tire retreading market by providing approved, high-quality retreading services that adhere to industry requirements. Fleet operators are driving demand for OEM retreading, as they seek dependable, warranty-backed retreaded tires with consistent performance. OEM repair providers frequently use advanced technology and tight quality control to ensure that retreaded tires perform similarly to new ones.

The Independent retreaders are the fastest-growing segment in the Tire Retreading Market. Independent retreaders are gaining popularity in the tire retreading sector because they can provide cost-effective, tailored solutions for local fleets and small businesses. These retreaders frequently specialize in regional demands, offering adaptable services at lower pricing compared to major OEMs. Demand for independent retreaders is especially strong in emerging economies, where fleet operators are looking for cost-effective retreading options.

• OEM service providers
• Independent retreaders

Tire Retreading End-use Segment Analysis

Tire Retreading Market End-use Segment Analysis

According to Cognitive Market Research, the Transportation & logistics segment dominates the market. The transportation and logistics business is a significant source of demand for tire retreading. Tire wear is a perennial issue for fleets of trucks and trailers traveling long distances, and retreading offers a cost-effective solution. Retreaded tires provide comparable performance to new tires at a fraction of the cost, making them excellent for logistics organizations looking to cut operational costs.

Construction & mining is projected to be the fastest-growing segment in the Tire Retreading market. The construction and mining industries have a high demand for tire retreading due to the significant wear and tear their vehicles experience. Retreading provides these industries with an affordable solution to extend the life of tires used on large machinery and off-road vehicles. Given the high cost of new tires for heavy equipment, retreading saves money while retaining the performance and durability needed in severe situations.

• Transportation & logistics
• Construction & mining

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Sumedha Gosavi

Research Associate at Cognitive Market Research

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