Facts & Figures



According to Technavio, the tire retreading market in the US estimates a market value of USD 355.21 million during 2021-2025. Tire Retreading Market in the US: Lower cost of tire retreading to drive growth. The lower cost of retreading compared to new tires is one of the major factors that will drive tire retreading market growth in the US. The retreading of tires costs about 40% lesser than new tires. PRNewswire

The tire retreading market share in the US is expected to increase by USD 422.19 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 2.12%. Technavio

Automotive Retread Tires Market Estimated to Grow at a CAGR of 5% During 2022-2027 - Report by Market Research Future (MRFR). Automotive Retread Tires Market is Expanding Due to rising passenger car and especially in heavy commercial vehicles Globalnewswire



North America Tyre Market Report 2021: Market is Expected to Grow to $103.48 Billion in 2026. The market is evaluated to be selling 587.86 Million tyres annually as of 2020 and is expected to grow to USD 103.48 Billion in size by the year 2026. PRNewswire

The North America Tire Market is projected to grow at a CAGR of around 4.2% during the forecast period, i.e., 2022-27.

The growth of the market is likely to be driven principally by the swiftly increasing vehicle fleet, owing to the growing private vehicle ownership as a result of changing living standards & improving economic conditions of North Americans. Marknteladvisors