Rolling along: Revenue will increase as downstream demand increases and input prices stabilize

Over the five years to 2017, operators in the Tire Retreading and Recapping industry have experienced revenue improvements. Most of this growth came from greater activity in the truck transportation sector and a large increase in total trade. Over the next five years, anticipated stable increases in total trade value and truck transportation, along with increases in input prices and total vehicle miles, are expected to increase demand for retreaded tires, boosting revenue for industry operators...read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
3.6%
Forecast Growth 17-22
Profit
Employment
5,985
Businesses
362
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Industry Threats & Opportunities

  • Fluctuations in input costs resulted in drastic revenue volatility for industry operators
  • Large price and cost fluctuations deterred many new operators from setting up shop
  • An appreciated dollar will likely discourage foreign buyers from buying industry products
  • Industry Report - Industry Key Buyers Chapter

    The Tire Retreading and Recapping industry has a high level of market concentration, with the top four companies accounting for an estimated 77.4% of market share in 2017. Because the industry is heavily concentrated, industry operators are able to have greater price controls in place, as price-based competition is less of a mitigating factor. Price flexibility is crucial to the success of industry operators, as the price of retreaded tires must be low enough to compete with new tires. The largest industry operators are able to benefit from economies of scale, distributing their fixed costs among several facilities. Moreover, the largest operators typically have purchasing power over their upstream suppliers. As a result, they are typically able to negotiate lower prices for inputs...purchase to read more.

    Additional Insights for the Tire Retreading & Recapping Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Tire Retreading & Recapping Industry are

  • Managing raw material costs
  • Utilize existing plant capacities
  • Ability to control total supply on market
  • IBISWorld analysts also discuss how external factors such as Demand from truck transportation and World price of rubber in the Tire Retreading & Recapping industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    What is the Tire Retreading & Recapping Industry?

    Operators in this industry retread tires for commercial, industrial and consumer use. The retreading process involves inspecting the existing tire casing for defects, buffing the remaining tread and retreading the tire using either the pre-cure method or the mold-cure method.

    Industry Products
  • Pre-cure tires
  • Mold cure tires
  • Industry Activities
  • Retreading freight-truck tires
  • Retreading off-road tires
  • Retreading light-truck tires
  • Retreading industrial tires
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from truck transportation
  • World price of rubber
  • Total trade value
  • World price of crude oil
  • Total vehicle miles

  • Current Performance
  • The tire retreading process
  • Profit, demand and commodity prices
  • International trade
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand-side conditions
  • Industry landscape
  • International trade
  • Table: Tire Retreading & Recapping Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Tire Retreading & Recapping Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Tire Wholesaling
  • Tire Dealers

  • Key Selling Industries
  • Plastics & Rubber Machinery Manufacturing

  • Products & Services
  • Pre-cure tires
  • Mold cure tires
  • Chart: Tire Retreading & Recapping Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Wholesalers
  • Tire Dealers
  • Other
  • Exports
  • Chart: Major Market Segmentation for the Tire Retreading & Recapping Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Tire Retreading & Recapping

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Tire Retreading & Recapping Industry

  • Industry Globalization
    The Goodyear Tire & Rubber CompanyCompagnie Generale des Etablissements MichelinBridgestone Corporation
  • Table: The Goodyear Tire & Rubber Company - financial performance
  • Table: Compagnie Generale des Etablissements Michelin - financial performance
  • Table: Bridgestone Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Tire Retreading & Recapping Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Tire Retreading & Recapping Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-weighted index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Cross Elasticity Of Demand
  • Cross elasticity of demand measures the percentage change in quantity demand for a product caused by a percentage change in price of another product.
  • High-Performance (Hp) Tire
  • A tire that is more advanced than standard tires in terms of speed rating, tread style and handling characteristics.
  • Original Equipment Manufacturer (Oem)
  • A company that manufacturers products or components that are purchased by a company and retailed under the purchasing company's brand name.
  • Tread Act
  • An acronym for the Transportation Recall Enhancement, Accountability, and Documentation Act, which requires manufacturers to label, test, recall and track tires according to regulation.
  • Vulcanize
  • The act of hardening rubber or a rubberlike material by treating it with sulfur at a high temperature.
  • Why buy this report?

    IBISWorld’s Tire Retreading & Recapping Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Tire Retreading & Recapping:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Tire Retreading & Recapping market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Tire Retreading & Recapping, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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