The global retread tire market is anticipated to reach USD 11.2 billion in 2023 and is expected to be worth USD 20 Billion by 2033, trailing a CAGR of 6% during the forecast period. The market is expected to experience significant growth, primarily influenced by the increasing prices of new tires, particularly for sports utility …
Tag Archives: Retread Tire Market
Retread Tire Market Expansion Forecast: USD 20 Billion by 2033, with a CAGR of 6% | FMI Reports
The global retread tire market is projected to reach USD 11.2 billion in 2023 and is expected to grow to USD 20 billion by 2033, with a CAGR of 6% during the forecast period. This significant growth is primarily driven by the rising prices of new tires, especially for sports utility vehicles, due to increased …
Retread Tire Market Projected to Hit USD 20 Billion by 2033 Growing at 6% CAGR
The global Retread Tire Market is projected to grow at a CAGR of 6% from 2023 to 2033, reaching a value of USD 11.2 Billion in 2023 and USD 20 Billion by that time. The market is expected to experience significant growth, primarily influenced by the increasing prices of new tires, particularly for sports utility vehicles. …
Continue reading “Retread Tire Market Projected to Hit USD 20 Billion by 2033 Growing at 6% CAGR”
Retread Tire Market Key Players, Industry Overview, Applications and Analysis 2031
As per a study by Future Market Insights (FMI), the global retread tire sales is estimated to be valued at ~US$ 8.8 Bn in 2021. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires. Despite negative perceptions around retread tires, they continue remain a …
Retread Tire Market Key Manufacturers, Development Trends and Competitive Analysis 2031
As per a study by Future Market Insights (FMI), the global retread tire sales is estimated to be valued at ~US$ 8.8 Bn in 2021. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires. Despite negative perceptions around retread tires, they continue remain a …
Retread Tire Market Prospects and Growth Assessment 2031
As per a study by Future Market Insights (FMI), the global retread tire sales is estimated to be valued at ~US$ 8.8 Bn in 2021. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires. Despite negative perceptions around retread tires, they continue remain a …
Continue reading “Retread Tire Market Prospects and Growth Assessment 2031”
Growth of Retread Tire Market will bounce back, exhibiting 4.7% CAGR between 2021 and 2031
As per a study by Future Market Insights (FMI), the global retread tire sales is estimated to be valued at ~US$ 8.8 Bn in 2021. The increase in average miles driven and growing vehicles parc will drive the tire aftermarket, subsequently fuelling the demand for retreading tires. Despite negative perceptions around retread tires, they continue remain a …