Global Automotive Retreaded Tires Market 2018-2022 | Development of Advanced Tire Retreading Process and Technologies to Promote Growth | Technavio

The global automotive retreaded tires market is expected to generate a revenue of USD 7.71 billion by 2022, according to the latest market research report by Technavio. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180827005404/en/

A key factor driving the growth of the market is the cost advantages of retreaded tires. The global automotive retreaded tires market is growing owing to numerous advantages associated with the use of such tires. These advantages are both functional and cost-related, and therefore they find high adoption in commercial vehicles, especially HCVs.

This market research report on the global automotive retreaded tires market 2018-2022 also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing

In this report, Technavio highlights the development of advanced tire retreading process and technologies as one of the key emerging trends in the global automotive retreaded tires market:

Global automotive retreaded tires market: Development of advanced tire retreading process and technologies

Retreaded tires are increasingly finding penetration in the commercial vehicle market, and the improved retread designs are helping to drive the growth momentum of the market. The combination of advanced retreading technologies, processes, and government regulations are driving major challenges in the global automotive retreaded tires market.

“The conventional tire retreading technology involves buffing the worn-out tire to remove the old tread, and then applying solvent-based cement on the tire surface to fix new retread. This solvent-based cement involves volatile organic compounds that present various environmental and health hazards,” says a senior market research analyst at Technavio.

Global automotive retreaded tires market: Segmentation analysis

This market research report segments the global automotive retreaded tires market by geographical regions (APAC, EMEA, and the Americas).

The Americas led the market in 2017 with a market share of nearly 45%. This region is expected to dominate the market through 2022, however, there will be a decrease in its market share of nearly 5%.

Looking for more information on this market? Request a free sample report

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

• Market ecosystem
• Market characteristics
• Market segmentation analysis

Market Sizing

• Market definition
• Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

• Regional comparison
• Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

• Vendors covered
• Vendor classification
• Market positioning of vendors
• Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at media@technavio.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20180827005404/en/