Retread Tire Market Forecasted to Achieve USD 20 Billion by 2033 with a Consistent 6% CAGR | FMI Reports

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 …

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 …