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Asia Pacific Retread Tire Market

Asia Pacific Retread Tire Market

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Asia Pacific Retread Tire Market, By Vehicle Type (Trucks & Buses, Passenger Cars & Light Trucks); By Tire Type (Bias Tires, Radial Tires); By Retreading Process (Hot Retreading, Cold Retreading); By Distribution Channel (Independent Retreaders, Tire Manufacturers' Retreading Operations); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: May 2024
  • Report ID: BWC24361
  • Available Format: PDF
  • Page: 200

Report Overview

Increasing vehicle production, a spurring demand for electric vehicles, technological advancements, and stringent emission regulations are key drivers of the Asia Pacific Retread Tire Market during the forecast period between 2024 and 2030.

Asia Pacific Retread Tire Market – Industry Trends & Forecast Report, 2030

Asia Pacific Retread Tire Market size by value was estimated at USD 1.29 billion in 2023. During the forecast period between 2024 and 2030, the Asia Pacific Retread Tire Market size is expected to expand at a CAGR of 4.75% reaching a value of USD 3.73 billion by 2030. The Asia Pacific retread tire market is influenced by several key driving factors. Environmental concerns and sustainability initiatives have propelled the demand for retread tires. As governments and organizations across the region aim to reduce carbon emissions and minimize waste, retreading offers a cost-effective and eco-friendly solution by extending the lifespan of tires. The emphasis on sustainability has led to a growing preference for retread tires among fleet operators and commercial vehicle owners, thereby driving market growth.

Asia Pacific Retread Tire Market

By volume, the Asia Pacific Retread Tire Market size was estimated at 3.26 million units in 2023. During the forecast period between 2024 and 2030, the Asia Pacific Retread Tire Market size is projected to grow at a CAGR of 4.87% reaching a volume of 4.12 million units by 2030. The economic advantages associated with retread tires are significant drivers in the Asia Pacific market. Retreading allows for substantial cost savings compared to purchasing new tires, making it an attractive option for businesses seeking to optimize operational expenses. Additionally, the increasing adoption of retread tires by various industries, including transportation, logistics, and mining, is fueling market expansion. The durability and performance of modern retread tires have improved significantly, further enhancing their appeal to consumers looking for reliable and cost-efficient tire solutions. Therefore, the Asia Pacific retread tire market is experiencing steady growth driven by both environmental concerns and economic benefits.

Retread Tire – Overview

Retread tires are recycled tires that undergo a process of refurbishment to extend their lifespan. The sustainable alternative to new tires involves removing worn tread and applying new rubber, reinforcing the tire's structure. Retreading reduces waste, conserves resources, and offers cost savings compared to buying new tires. It's a common practice in commercial transportation, where tires endure heavy wear. However, retread tires must meet stringent safety standards to ensure reliability on the road. Despite initial skepticism, advancements in technology have made retreading a viable and environmentally friendly option, contributing to a more sustainable approach to tire management.

Asia Pacific Retread Tire Market

Growth Drivers

Innovative Technology with Cost-effectiveness and Sustainability

As the Asia Pacific Retread Tire Market surges, advancements in retreading technology emerge as a key growth driver. Innovative processes enhance cost-effectiveness by extending tire lifespan, reducing replacement frequency, and lowering overall operating expenses for fleet operators and consumers. Moreover, sustainable practices embedded in retreading methods promote environmental stewardship by curbing tire waste and conserving resources. This dual focus on cost-effectiveness and sustainability not only drives market expansion but also aligns with evolving consumer preferences for eco-friendly solutions, positioning retread tires as a compelling choice in the region's automotive landscape.

Challenges

Availability of New Budget Tires

Despite the influx of new budget tires in the Asia Pacific Retread Tire Market, challenges persist in ensuring consistent availability. Factors such as supply chain disruptions, fluctuating raw material costs, and manufacturing constraints contribute to intermittent stock levels. Consumers may experience occasional shortages or delays in accessing desired budget tire options. Thus, while the market offers diverse choices, customers should anticipate occasional availability restraints and plan accordingly.

Impact of Escalating Geopolitical Tensions on Asia Pacific Retread Tire Market

Escalating geopolitical tensions in the Asia Pacific region has profound implications for the retread tire market. Increased uncertainty and trade disruptions can hamper supply chains, leading to higher production costs and supply shortages. For instance, the ongoing United States-China trade war has created volatility in raw material prices, affecting tire manufacturers across the region. Additionally, political unrest, such as territorial disputes in the South China Sea, can disrupt shipping routes, delaying deliveries and increasing transportation costs. Such instability dampens investor confidence and consumer spending, impacting the overall demand for retread tires. Moreover, heightened tensions may prompt countries to impose trade barriers, further constraining market growth. As a result, the Asia Pacific retread tire market faces significant challenges in navigating through geopolitical uncertainties while sustaining growth.

Asia Pacific Retread Tire Market

Segmental Coverage

Asia Pacific Retread Tire Market – By Vehicle Type

Based on vehicle type, Asia Pacific Retread Tire Market is divided into Trucks & Buses and Passenger Cars & Light Trucks segments. The passenger cars & light trucks segment is a higher contributor to the Asia Pacific Retread Tire Market. This indicates a significant market focus on retread tires for passenger cars and light trucks across the Asia Pacific region. Factors such as increasing vehicle ownership, demand for cost-effective tire solutions, and environmental considerations may contribute to the prominence of this segment. Therefore, industry players may prioritize innovation and marketing efforts tailored to meet the specific needs of this larger consumer base for retread tires.

Asia Pacific Retread Tire Market Share

Asia Pacific Retread Tire Market – By Tire Type

Based on tire type, Asia Pacific Retread Tire Market is divided into Bias Tires and Radial Tires segments. The radial tires segment is a larger contributor to the Asia Pacific Retread Tire Market. Radial tires are preferred for their enhanced performance, longevity, and fuel efficiency compared to bias tires. Their popularity stems from their construction, which includes layers of cord plies at 90-degree angles to the direction of travel, offering better stability and traction. The segment dominates due to the growing demand for commercial vehicles, where radial tires are commonly used, especially in sectors like logistics and transportation. Radial tires continue to drive substantial growth and innovation in the retread tire market in Asia Pacific.

Asia Pacific Retread Tire Market – By Retreading Process

Based on retreading process, Asia Pacific Retread Tire Market is divided into Hot Retreading and Cold Retreading segments. The hot retreading segment dominates the market by retreading process. Hot retreading involves the process of applying new tread rubber onto a previously worn tire through a vulcanization process, known for its durability and suitability for heavy-duty applications. Conversely, cold retreading utilizes a process that doesn't involve vulcanization, often preferred for its speed and simplicity. While both segments cater to distinct market preferences and needs, Hot Retreading tends to dominate discussions due to its established reputation for robustness and longevity, making it a focal point in the region's retread tire industry.

Asia Pacific Retread Tire Market Size

Asia Pacific Retread Tire Market – By Distribution Channel

Based on distribution channel, Asia Pacific Retread Tire Market is divided into Independent Retreaders and Tire Manufacturers' Retreading Operations segments. Independent retreaders typically operate as standalone entities, offering tire retreading services independently of tire manufacturing. On the other hand, tire manufacturers' retreading operations involve retreading services provided directly by tire manufacturing companies. These segments collectively form the backbone of the retread tire market in the Asia Pacific region, catering to diverse consumer needs and contributing significantly to the sustainability of tire usage through retreading practices.

Asia Pacific Retread Tire Market – By Country

By country, Asia Pacific Retread Tire Market is divided into China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and Rest of APAC. China is the leading country due to its vast automotive industry and increasing emphasis on sustainable practices. India follows closely, driven by a growing transportation sector and government initiatives promoting eco-friendly solutions. Japan and South Korea also contribute significantly, leveraging advanced technology and a strong automotive manufacturing base. Additionally, Australia & New Zealand exhibit notable growth potential, spurred by environmental consciousness and stringent regulations. While each segment presents unique opportunities, China stands out as the largest, owing to its sheer market size and evolving consumer preferences.

Competitive Landscape

Major players in the Asia Pacific Retread Tire Market include Bridgestone Corporation, Michelin (France), The Goodyear Tire & Rubber Company, Yokohama Rubber Co., Ltd, MRF Limited, Apollo Tyres Ltd, Giti Tire, Chengshan Group Co., Ltd, Hankook Tire & Technology Co., Ltd, Zhongce Rubber Group Co., Ltd, Sailun Group Co., Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

  • In February 2022 - Bridgestone Corporation revealed that its ALENZA 001 tire had been chosen as the official original equipment for the Nissan Ariya, a compact crossover electric vehicle (EV) SUV.

  • In July 2021 - Continental Tires introduced the 'Conti Bharosa' warranty program, which provides a comprehensive 5-year warranty for truck and bus tires. Notably, this program also includes coverage for the initial retread in normal load applications.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

By Value - USD Billion

By Volume - Million Units

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC

Product/Service Segmentation

Vehicle Type, Tire Type, Retreading Process, Distribution Channel, Country

Key Players

Bridgestone Corporation, Michelin (France), The Goodyear Tire & Rubber Company, Yokohama Rubber Co., Ltd, MRF Limited, Apollo Tyres Ltd, Giti Tire, Chengshan Group Co., Ltd, Hankook Tire & Technology Co., Ltd, Zhongce Rubber Group Co., Ltd, Sailun Group Co., Ltd

 

By Vehicle Type

  • Trucks & Buses (Commercial Vehicles)

  • Passenger Cars & Light Trucks

By Tire Type

  • Bias Tires

  • Radial Tires

By Retreading Process

  • Hot Retreading

  • Cold Retreading

By Distribution Channel

  • Independent Retreaders

  • Tire Manufacturers' Retreading Operations

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Singapore

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia Pacific Retread Tire Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Cost-effectiveness and Sustainability
        2. Stringent Regulations
        3. Large Vehicle Fleet
        4. Growing Industrialization
      2. Restraints
        1. Availability of New Budget Tires
        2. Quality Concerns
      3. Opportunities
        1. Technological Advancements
        2. Rising Awareness
        3. Focus on Fleet Management
      4. Challenges
        1. Fragmented Market
        2. Lack of Skilled Labor
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia Pacific Retread Tire Market Overview
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
        1. Trucks & Buses
        2. Passenger Cars & Light Trucks
      2. By Tire Type
        1. Bias Tires
        2. Radial Tires
      3. By Retreading Process
        1. Hot Retreading
        2. Cold Retreading
      4. By Distribution Channel
        1. Independent Retreaders
        2. Tire Manufacturers' Retreading Operations
      5. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Singapore
        9. Vietnam
        10. Rest of APAC
  5. China Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  6. India Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  7. Japan Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  8. South Korea Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  9. Australia & New Zealand Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  10. Indonesia Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  11. Malaysia Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  12. Singapore Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  13. Vietnam Automotive Parts and Components Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
    3. Market Size & Forecast, 2019–2030
      1. By Volume (Unit)
    4. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  14. Rest of Asia Pacific Retread Tire Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Vehicle Type
      2. By Tire Type
      3. By Retreading Process
      4. By Distribution Channel
  15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Retread Tire Market Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  16. Impact of Escalating Geopolitical Tensions on Asia Pacific Retread Tire Market
  17. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Bridgestone Corporation
    2. Michelin (France)
    3. The Goodyear Tire & Rubber Company
    4. Yokohama Rubber Co., Ltd
    5. MRF Limited
    6. Apollo Tyres Ltd
    7. Giti Tire
    8. Chengshan Group Co., Ltd
    9. Hankook Tire & Technology Co., Ltd
    10. Zhongce Rubber Group Co., Ltd
    11. Sailun Group Co., Ltd
    12. Other Prominent Players
  18. Key Strategic Recommendations
  19. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumptions & Limitations

*Financial information 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       Asia Pacific Retread Tire Market Segmentation

Figure 2       Asia Pacific Retread Tire Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Asia Pacific Retread Tire Market Size, By Value (USD Billion), 2019–2030

Figure 5       Asia Pacific Retread Tire Market Share, By Vehicle Type, By Value, 2019–2030

Figure 6       Asia Pacific Retread Tire Market Share, By Tire Type, By Value, 2019–2030

Figure 7       Asia Pacific Retread Tire Market Share, By Retreading Process, By Value, 2019–2030

Figure 8       Asia Pacific Retread Tire Market Share, By Distribution Channel, By Value, 2019–2030

Figure 9       Asia Pacific Retread Tire Market Share, By Country, By Value, 2019–2030

Figure 10     China Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 11     China Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 12     China Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 13     China Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 14     China Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 15     India Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 16     India Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 17     India Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 18     India Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 19     India Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 20     Japan Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 21     Japan Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 22     Japan Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 23     Japan Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 24     Japan Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 25     South Korea Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 26     South Korea Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 27     South Korea Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 28     South Korea Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 29     South Korea Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 30     Australia & New Zealand Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 31     Australia & New Zealand Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 32     Australia & New Zealand Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 33     Australia & New Zealand Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 34     Australia & New Zealand Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 35     Indonesia Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 36     Indonesia Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 37     Indonesia Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 38     Indonesia Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 39     Indonesia Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 40     Malaysia Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 41     Malaysia Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 42     Malaysia Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 43     Malaysia Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 44     Malaysia Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 45     Singapore Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 46     Singapore Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 47     Singapore Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 48     Singapore Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 49     Singapore Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 50     Vietnam Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Figure 51     Vietnam Automotive Parts and Components Market Share, By Vehicle Type, By Value, 2019–2030

Figure 52     Vietnam Automotive Parts and Components Market Share, By Tire Type, By Value, 2019–2030

Figure 53     Vietnam Automotive Parts and Components Market Share, By Retreading Process, By Value, 2019–2030

Figure 54     Vietnam Automotive Parts and Components Market Share, By Distribution Channel, By Value, 2019–2030

Figure 55     Rest of Asia Pacific Retread Tire Market Size, By Value (USD Billion), 2019–2030

Figure 56     Rest of Asia Pacific Retread Tire Market Share, By Vehicle Type, By Value, 2019–2030

Figure 57     Rest of Asia Pacific Retread Tire Market Share, By Tire Type, By Value, 2019–2030

Figure 58     Rest of Asia Pacific Retread Tire Market Share, By Retreading Process, By Value, 2019–2030

Figure 59     Rest of Asia Pacific Retread Tire Market Share, By Distribution Channel, By Value, 2019–2030

 

List of Tables

Table 1 Asia Pacific Retread Tire Market Size, By Value (USD Billion), 2019–2030

Table 2 Asia Pacific Retread Tire Market Size, By Vehicle Type, By Value, 2019–2030

Table 3 Asia Pacific Retread Tire Market Size, By Tire Type, By Value, 2019–2030

Table 4 Asia Pacific Retread Tire Market Size, By Retreading Process, By Value, 2019–2030

Table 5 Asia Pacific Retread Tire Market Size, By Distribution Channel, By Value, 2019–2030

Table 6 Asia Pacific Retread Tire Market Size, By Country, By Value, 2019–2030

Table 7 China Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 8 China Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 9 China Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 10 China Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 11 China Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 12 India Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 13 India Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 14 India Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 15 India Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 16 India Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 17 Japan Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 18 Japan Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 19 Japan Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 20 Japan Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 21 Japan Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 22 South Korea Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 23 South Korea Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 24 South Korea Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 25 South Korea Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 26 South Korea Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 27 Australia & New Zealand Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 28 Australia & New Zealand Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 29 Australia & New Zealand Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 30 Australia & New Zealand Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 31 Australia & New Zealand Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 32 Indonesia Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 33 Indonesia Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 34 Indonesia Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 35 Indonesia Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 36 Indonesia Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 37 Malaysia Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 38 Malaysia Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 39 Malaysia Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 40 Malaysia Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 41 Malaysia Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 42 Singapore Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 43 Singapore Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 44 Singapore Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 45 Singapore Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 46 Singapore Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 47      Vietnam Automotive Parts and Components Market Size, By Value (USD Billion), 2019–2030

Table 48      Vietnam Automotive Parts and Components Market Size, By Vehicle Type, By Value, 2019–2030

Table 49      Vietnam Automotive Parts and Components Market Size, By Tire Type, By Value, 2019–2030

Table 50      Vietnam Automotive Parts and Components Market Size, By Retreading Process, By Value, 2019–2030

Table 51      Vietnam Automotive Parts and Components Market Size, By Distribution Channel, By Value, 2019–2030

Table 52      Rest of Asia Pacific Retread Tire Market Size, By Value (USD Billion), 2019–2030

Table 53      Rest of Asia Pacific Retread Tire Market Size, By Vehicle Type, By Value, 2019–2030

Table 54      Rest of Asia Pacific Retread Tire Market Size, By Tire Type, By Value, 2019–2030

Table 55      Rest of Asia Pacific Retread Tire Market Size, By Retreading Process, By Value, 2019–2030

Table 56      Rest of Asia Pacific Retread Tire Market Size, By Distribution Channel, By Value, 2019–2030

Table 57      Bridgestone Corporation Company Overview

Table 58      Bridgestone Corporation Financial Overview

Table 59      Michelin (France) Company Overview

Table 60      Michelin (France) Financial Overview

Table 61      The Goodyear Tire & Rubber Company Overview

Table 62      The Goodyear Tire & Rubber Financial Overview

Table 63      Yokohama Rubber Co., Ltd Company Overview

Table 64      Yokohama Rubber Co., Ltd Financial Overview

Table 65      MRF Limited Company Overview

Table 66      MRF Limited Financial Overview

Table 67      Apollo Tyres Ltd Company Overview

Table 68      Apollo Tyres Ltd Financial Overview

Table 69      Giti Tire Company Overview

Table 70      Giti Tire Financial Overview

Table 71      Chengshan Group Co., Ltd Company Overview

Table 72      Chengshan Group Co., Ltd Financial Overview

Table 73      Hankook Tire & Technology Co., Ltd Company Overview

Table 74      Hankook Tire & Technology Co., Ltd Financial Overview

Table 75      Zhongce Rubber Group Co., Ltd Company Overview

Table 76      Zhongce Rubber Group Co., Ltd Financial Overview

Table 77      Sailun Group Co., Ltd Company Overview

Table 78      Sailun Group Co., Ltd Financial Overview

Table 79      Other Prominent Players Company Overview

Table 80      Other Prominent Players Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The Asia Pacific Retread Tire Market size by value was estimated at USD 1.29 billion in 2023.
Ans: The Asia Pacific Retread Tire Market by value is expected to grow at a CAGR of 4.75% during the forecast period between 2024 and 2030.
Ans: The Asia Pacific Retread Tire Market size is forecast to reach a value of USD 3.73 billion by 2030.
Ans: The growth of the Asia Pacific Retread Tire Market is primarily driven by increasing vehicle production, demand for electric vehicles, technological advancements, and stringent emission regulations.
Ans: The Asia Pacific Retread Tire Market size by volume was estimated at 3.26 million units in 2023.
Ans: By Volume, the Asia Pacific Retread Tire Market size is expected to grow at a CAGR of 4.87% during the forecast period between 2024 and 2030.
Ans: The Asia Pacific Retread Tire Market size by volume is forecast to reach 4.12 million units by 2030.
Ans: The passenger cars & light trucks segment accounts for a larger market share in the Asia Pacific Retread Tire Market by vehicle type.
Ans: The independent retreaders segment accounts for a higher market share in the Asia Pacific Retread Tire Market.
Ans: China accounts for the highest market share in the Asia Pacific Retread Tire Market.