According to Cognitive Market Research, the global Tire Retreading market size will be USD 5524.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 3.58% from 2024 to 2031.
North America held the major market share for 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.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1657.26 million.
Asia Pacific held a 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.
Latin America had a market share of more than 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.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at 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 Transportation & Logistics category is the fastest growing segment of the Tire Retreading industry
