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 …
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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 Reach USD 20 Billion by 2033
The global retread tire market share 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 Retread Tire Market is experiencing significant growth driven by several factors, including the increasing demand for cost-effective and sustainable …
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