Today: October 22, 2016, 9:45 pm

US tire retreading market revenues forecast to increase by 16.9% CAGR during 2013 to 2018
Tire Retreading Market in the US 2014-2018 - a new market research report on 2014-04-30 09:03:02
Leading manufacturers have been increasing their investment in retread tire manufacture to cater to the high demand in the country. Retread tire manufacturers in the US such as Bridgestone, Michelin, Goodyear, Marangoni, and Continental Tire have been expanding their production capacities and are planning to introduce new plants in various regions in the country despite the shortage in the supply of tire casings. For instance, Marangoni is investing US$10 million in its tread rubber facility in Madison, US, to manufacture retread tires. Hence, the increased investment by leading manufacturers is expected to increase the availability of retread tires in the country, leading to the growth of the market during the forecast period.

The main factor driving revenue growth is the cost-effectiveness of retread tires. A new passenger vehicle tire would cost four times more than a retread tire for the vehicle, which highlights its cost-effectiveness. Hence, a set of four retread tires can be purchased in place of one new tire.

Despite the presence of several drivers, the growth of the tire retreading market in the US is curtailed by some major challenges. The quality and reliability of retread tires are a major challenge for the market. These tires can be quite worn as the previous user might not have taken care of them. Sometimes the damage in a tire might not even be visible if it has been worn on the inside or outside of its grooves, and this could pose a threat to the user´s safety.

The key players operating in the tire retreading market in the US include Bridgestone Corp., Compagnie Generale des Etablissements Michelin SCA, Marangoni S.p.A., and The Goodyear Tire and Rubber Co.

The tire retreading market in the US is forecast to report increased revenues totalling 16.94% CAGR over the period 2013-2018. One of the key factors contributing to this market growth is the price-effectiveness of retread tires. The Tire Retreading market in the US has also been witnessing the increasing investment from manufacturers. However, the quality and reliability issues could pose a challenge to the growth of this market.

Other vendors operating in the market include Continental AG, Cooper Tire and Rubber Co., Hankook Tire Co. Ltd., Pirelli and C. SpA, Sumitomo Rubber Industries Ltd., and Yokohama Rubber Co. Ltd.

Click for report details: ..

Browse all Automotive and Parts Market Research Reports ..

Browse all Automotive and Parts Company Profile Reports ..

Browse all Latest Market Research Reports ..

About Us is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles,’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.

Press Information

Published by
Mike King
London: +44 (0) 203 086 8600

# 588 Words
Related Articles
More From Finance
P2P lending platform Monexo partners with IDBI-Trusteeship [..]
For Immediate Release: 2nd September 2016 MUKESH BUBNA, CEO Monexo Fintech Pvt Limited P2P [..]
Day Trade to Win New September Class [..]
Sold Out? New Class Added – On September 6, 2016, is launching a brand new eight-week trading boot camp [..]
FTM (Forget The Market) Reopens 3 Shares [..]
Port Vila, Vanuatu, 28th July 2016 - Investment firm FTM today announced the reopening of three separate share options, projected [..]
Ex-Citibanker Launching Online P2P marketplace in India [..]
A study conducted by World Bank shows that MSMEs in India face an estimated credit gap of INR 20.9 trillion [..]
New Frontier Portfolios Top Morningstar Rankings
New Frontier’s global strategic portfolios topped the Global Balanced Strategic/All-Inclusive category of the latest Morningstar ETF [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.