PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1267360
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1267360
India Retread Tire Market, By Rim Size ; By Vehicle Type ; By Process ; By Sales Channel ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
India Retread Tire Market Size Set to Grow at Steady CAGR of 3.2% During 2023-2029.
India retread tire market is flourishing due to the rising new tire and natural rubber prices, and fluctuating crude oil prices all contribute to an increase in the number of commercial vehicles on the road.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, expects India retread tire market size to grow at a significant CAGR of 3.21% by 2029. The demand for retread tires is expected to continue to increase during the forecast period. The market for retread tires is seeing new growth due to the continuously developing vehicle sector. Consumer preference for sustainable alternatives is also more likely. Leading retread tire producers are employing cutting-edge production techniques and strategies to get rid of operational problems and provide customers with high-quality retread tires. Retreaded tire sales are also flourishing due to the growth of the logistics sector and increased freight demand. Tire wear and tear is causing a tremendous rise in the need for tire retreading.
India Retread Tire Market - Overview:
Retreading involves replacing the tread on worn tires as part of the tire manufacturing process. Used tire casings that have undergone inspection and repair are utilized for retreading. The two primary tire retreading procedures are mold cure and pre-cure. Retreaded tires are more affordable than brand-new tires, which has increased sales. Retreaded tires are also eco-friendly, which helps the market grow overall because consumers are more likely to favor ecologically favorable options.
Impact of COVID-19 on India Retread Tire Market
The COVID-19 pandemic significantly impacted the global economy at multiple stages, and the effect is being felt in the automotive industry as well. COVID-19 indirectly affected automotive retread tire manufacturing companies, causing production to be halted. During the COVID-19 pandemic, the Indian automobile sector faced severe challenges as production houses closed, inventories began to overflow, and demand completely subsided, affecting retread tire sales. For the supply of several raw materials, manufacturers of consumer electronics, pharmaceuticals, and automobiles in India depend on China and other industrialized nations. Unfortunately, this was badly impacted by the pandemic. The supply chain has been disrupted due to the lockdown, and demand has completely subsided, which is expected to take a long time to recover.
India Retread Tire Market - By Sales Channel:
On basis of the sales channel, India retread tire market is divided into OEMs and Independent Service Providers segments. The independent service providers segment is a higher contributor to the India retread tire market. The OEMs and independent service providers both provide retread tires. Major vehicle fleet owners prefer to purchase retread tires from independent service providers, cementing their dominance as the preferred sales channel in the market.
Competitive Landscape:
India retread tire market is fiercely competitive. Major companies in the market include Michelin, Bridgestone, Continental AG, The Goodyer Tire & Rubber Company, MRF, YOKOHAMA RUBBER COMPANY, Rosier Tech Innovators, Carloni Tire, JK Tyres, Eastern Treads, and Nokian tires plc. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the India retread tire market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of India Retread Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in India Retread Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. India Retread Tire Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Rising Demand for Cost-effective & Economical Tires
- 3.2.1.2. Increasing Logistics Market
- 3.2.2. Restraints
- 3.2.2.1. Less Availability
- 3.2.3. Opportunity
- 3.2.3.1. Environment Friendly
- 3.2.4. Challenges
- 3.2.4.1. Impact on Supply Chain Due to Covid
- 3.2.1. Growth Drivers
- 3.3. Technological Advancement/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. India Retread Tire Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Rim Size
- 4.2.1.1. 13-15
- 4.2.1.2. 17-18
- 4.2.1.3. 19-21
- 4.2.1.4. >21 inches
- 4.2.2. By Vehicle Type
- 4.2.2.1. Passenger Cars
- 4.2.2.2. LCV
- 4.2.2.3. HCV
- 4.2.2.4. Off-road vehicle
- 4.2.3. By Process
- 4.2.3.1. Pre-cure
- 4.2.3.2. Mold cure
- 4.2.4. By Sales Channel
- 4.2.4.1. OEM
- 4.2.4.2. Independent Service Provider
- 4.2.5. By Region
- 4.2.5.1. North India
- 4.2.5.2. South India
- 4.2.5.3. East India
- 4.2.5.4. West India
- 4.2.1. By Rim Size
5. North India Retread Tire Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Rim Size
- 5.2.2. By Vehicle Type
- 5.2.3. By Process
- 5.2.4. By Sales Channel
6. South India Retread Tire Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Rim Size
- 6.2.2. By Vehicle Type
- 6.2.3. By Process
- 6.2.4. By Sales Channel
7. East India Retread Tire Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Rim Size
- 7.2.2. By Vehicle Type
- 7.2.3. By Process
- 7.2.4. By Sales Channel
8. West India Retread Tire Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Rim Size
- 8.2.2. By Vehicle Type
- 8.2.3. By Process
- 8.2.4. By Sales Channel
9. Competitive Landscape
- 9.1. List of Key Players and Their Offerings
- 9.2. India Retread Tire Company Market Share Analysis, 2022
- 9.3. Competitive Benchmarking, By Operating Parameters
- 9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
10. Impact of Covid-19 on India Retread Tire Market
11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 11.1. Michelin
- 11.2. Bridgestone
- 11.3. The Goodyear Tire & Rubber Company
- 11.4. Continental AG
- 11.5. MRF
- 11.6. YOKOHAMA RUBBER COMPANY
- 11.7. Rosier Tech Innovators
- 11.8. Carloni Tire JK TYRES
- 11.9. Eastern treads
- 11.10. Nokian tyres plc
- 11.11. Other Prominent Players
12. Key Strategic Recommendations
13. Research Methodology
- 13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
- 13.2. Quantitative Research
- 13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
- 13.4. Breakdown of Primary Research Respondents, By Region
- 13.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List Of Figures
- Figure 1 India Retread Tire Segmentation
- Figure 2 India Retread Tire Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Figure 5 India Retread Tire Market Share, By Rim Size, By Value, 2019-2029
- Figure 6 India Retread Tire Market Share, By Vehicle Type, By Value, 2019-2029
- Figure 7 India Retread Tire Market Share, By Process, By Value, 2019-2029
- Figure 8 India Retread Tire Market Share, By Sales Channel, By Value, 2019-2029
- Figure 9 North India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Figure 10 North India Retread Tire Market Share, By Rim Size, By Value, 2019-2029
- Figure 11 North India Retread Tire Market Share, By Vehicle Type, By Value, 2019-2029
- Figure 12 North India Retread Tire Market Share, By Process, By Value, 2019-2029
- Figure 13 North India Retread Tire Market Share, By Sales Channel, By Value, 2019-2029
- Figure 14 South India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Figure 15 South India Retread Tire Market Share, By Rim Size, By Value, 2019-2029
- Figure 16 South India Retread Tire Market Share, By Vehicle Type, By Value, 2019-2029
- Figure 17 South India Retread Tire Market Share, By Process, By Value, 2019-2029
- Figure 18 South India Retread Tire Market Share, By Sales Channel, By Value, 2019-2029
- Figure 19 East India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Figure 20 East India Retread Tire Market Share, By Rim Size, By Value, 2019-2029
- Figure 21 East India Retread Tire Market Share, By Vehicle Type, By Value, 2019-2029
- Figure 22 East India Retread Tire Market Share, By Process, By Value, 2019-2029
- Figure 23 East India Retread Tire Market Share, By Sales Channel, By Value, 2019-2029
- Figure 24 West India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Figure 25 West India Retread Tire Market Share, By Rim Size, By Value, 2019-2029
- Figure 26 West India Retread Tire Market Share, By Vehicle Type, By Value, 2019-2029
- Figure 27 West India Retread Tire Market Share, By Process, By Value, 2019-2029
- Figure 28 West India Retread Tire Market Share, By Sales Channel, By Value, 2019-2029
List of Tables
- Table 1 India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Table 2 India Retread Tire Market Size, By Rim Size, By Value, 2019-2029
- Table 3 India Retread Tire Market Size, By Vehicle Type, By Value, 2019-2029
- Table 4 India Retread Tire Market Size, By Process, By Value, 2019-2029
- Table 5 India Retread Tire Market Size, By Sales Channel, By Value, 2019-2029
- Table 6 North India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Table 7 North India Retread Tire Market Size, By Rim Size, By Value, 2019-2029
- Table 8 North India Retread Tire Market Size, By Vehicle Type, By Value, 2019-2029
- Table 9 North India Retread Tire Market Size, By Process, By Value, 2019-2029
- Table 10 North India Retread Tire Market Size, By Sales Channel, By Value, 2019-2029
- Table 11 South India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Table 12 South India Retread Tire Market Size, By Rim Size, By Value, 2019-2029
- Table 13 South India Retread Tire Market Size, By Vehicle Type, By Value, 2019-2029
- Table 14 South India Retread Tire Market Size, By Process, By Value, 2019-2029
- Table 15 South India Retread Tire Market Size, By Sales Channel, By Value, 2019-2029
- Table 16 East India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Table 17 East India Retread Tire Market Size, By Rim Size, By Value, 2019-2029
- Table 18 East India Retread Tire Market Size, By Vehicle Type, By Value, 2019-2029
- Table 19 East India Retread Tire Market Size, By Process, By Value, 2019-2029
- Table 20 East India Retread Tire Market Size, By Sales Channel, By Value, 2019-2029
- Table 21 West India Retread Tire Market Size, By Value (USD Million), 2019-2029
- Table 22 West India Retread Tire Market Size, By Rim Size, By Value, 2019-2029
- Table 23 West India Retread Tire Market Size, By Vehicle Type, By Value, 2019-2029
- Table 24 West India Retread Tire Market Size, By Process, By Value, 2019-2029
- Table 25 West India Retread Tire Market Size, By Sales Channel, By Value, 2019-2029
- Table 26 Michelin Company Overview
- Table 27 Michelin Financial Overview
- Table 28 Bridgestone Company Overview
- Table 29 Bridgestone Financial Overview
- Table 30 The Goodyear Tire & Rubber Company: Company Overview
- Table 31 The Goodyear Tire & Rubber Company Financial Overview
- Table 32 Continental AG Company Overview
- Table 33 Continental AG Financial Overview
- Table 34 MRF Company Overview
- Table 35 MRF Financial Overview
- Table 36 YOKOHAMA RUBBER COMPANY: Company Overview
- Table 37 YOKOHAMA RUBBER COMPANY Financial Overview
- Table 38 Rosier Tech Innovators Company Overview
- Table 39 Rosier Tech Innovators Financial Overview
- Table 40 Carloni Tire JK TYRES Company Overview
- Table 41 Carloni Tire JK TYRES Financial Overview
- Table 42 Eastern treads Company Overview
- Table 43 Eastern treads Financial Overview
- Table 44 Nokian tyres plc Company Overview
- Table 45 Nokian tyres plc Financial Overview
