Brazil Retread Tire Market By Vehicle Type (Passenger Car, Light Commercial Vehicle (LCV), Medium and Heavy Commercial Vehicle (M&HCV), Off-the-road (OTR), By Retreading Method (Pre Cure and Mold Cure), By Region, Competition Forecast & Opportunities, 2018-2028

Industry : Automotive
Pages : NA
Published Date : NA

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Summary

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Report Description

Brazil Retread Tire Market is predicted to grow at considerable pace in the coming years due to increasing logistic and travel activities in the country.

Brazil Retread Tire Market Scope

The tire business is the major and important part of whole transportation industry in Brazil. It is one of the most import industries in Brazil. Thus, the Brazil tire market is expected to encounter huge ups over coming years. Besides, investment in tire retreading organizations could lead the Brazil tire market to develop at higher rate. The development of the tire business in Brazil has been driven by the development of automobile industry over past decade. Additionally, the market in Brazil is driving by the passenger vehicle segment because of huge volume of used tires in the country. To fulfill huge demand for tires with cost effectiveness, retreading tires has huge potential to grow over the coming period.

Brazil Retread Tire Market Overview

Automobile tires are a fundamental component of a vehicle's smooth activity on road. Tires bear the whole weight of the vehicle as well as the slowing down and controlling braking powers following up on the vehicle's street surface contact. Moreover, tires are comprised of many parts, for example, rims, body layers, inward linings, sidewalls, tracks, tread and belts. Throughout some undefined period, tread on the tires gets exhausted and flat because of steady contact with the surface and loses capacity to keep up the hold or foothold with the surface. Moreover, numerous customers lean toward retreading which involves using used tire over buying another tire as it gives almost a similar footing at lower cost for certain period of time.

The retreading system comprises of six significant processes: Starting Assessment, Buffing, Tread preparation and Building, Enveloping, Vulcanizing and visual inspection. The purpose of initial inspection is to identify and check whether casing is capable for retreading by thorough intensive examination of each tire, inside and outside. Further, premolded retread or new tread are applied to the polished and arranged casing to produce retread tire. In the premold cycle the uncured pad compound needs to vulcanize while the premolded tread is being kept ready. Furthermore, during curing of retread tires specific temperature and pressure are applied over a limited time period on vulcanized rubber to get optimal physical properties and maximum grip to the surrounding elements. At last visual inspection is carried out to check for cracks and overall quality of the retread tire.

Brazil Retread Tire Market Drivers

Growing Automobile Industry and Technology

The automotive retread tire market is growing in Brazil because of increasing sales of commercial and passenger vehicles, which is supported by growing financial exercises and transportation across country. Numerous transport vehicle businesses favor retread tires over new tires for their day to day travel, which provides unwavering quality and an better incentive over the high cost of new tires. Besides, retreading processes have become more advanced in quality and manufacturing capabilities over time, making them a sensible thought for the vast majority Organization. For instance, VMI group had installed Retrax 6005 v2 extruder at the Elo plant in Manaus which has a capacity in excess of 2,000 tires per month and is equipped with automatic tread application, ensuring the highest quality and lowest cost. Moreover, many organizations are laying out new appropriation and distribution networks for operation of retread tires in the country which further contributes to the Brazil retread tire market. Moreover, with these multiple benefits and advancement in retread tires, the interest and prevalence of retread tire market is supposed to contribute to the Brazil Retread Tire Market in forthcoming years.

Brazil Retread Tire Market Challenge

Increasing popularity of budget tires

Retread tires also known as recap tires or remolded tires, have gone through a remanufacturing cycle to supply the ragged tread on utilized tires with new track to assist with broadening the life of the tire. The utilization of retread tires is one found to resolve issues connected with cost and tire life span, and many are seeing advantages from using them. In spite of the fact that retread tires offer benefits like ecological security, and cost saving, the extensive variety of budget tire groups possess a significant challenge in Brazil retread tire market. Further, budget tires come at cheaper cost than retreading making them more favorable over retreading. On the other hand, with the most recent improvement in machinery and to keep up with the overall cost of the tires comparable to budget tires, many organizations optimize supply chain of used tires. However, there are certain disadvantages of retread tires, such as poor mileage, inability to perform under heat, which have hampered their adoption rate.. Overall, the of the retread tire market in Brazil is expected to grow at slower pace in the first few years due to aforementioned reasons.

Brazil Retread Tire Market Trends

Advancements in Tire Technology

The latest trend in the automotive sector can be credited to various elements, including development of tire composition technology along with rising public vehicle and infrastructure vehicles. The interest in retread and supportable tires is likely to increase further as the auto industry is growing quickly. To satisfy this developing need, many assembling and manufacturing organizations are investing in the retreading machinery and collaborating with local organizations. For example, many organizations, like Michelin with their innovation in the tires, plan to accomplish the objective of 100 percent economical tires by 2050. Goodyear will deliver 70% economical tires thanks to new advances in 2022. Moreover, it is anticipated that the demand for retread tires in the Brazil Retread Tire Market will keep on increasing in the coming years.

Recent Developments

In order to meet the increasing demand for retreading rubber products, in September 2022 Bridgestone invested USD60 million to expand its Abilene, Bandag retread tire plant.

In July 2022, Marangoni, an Italian retreading organization, identified the retreading potential of Westlake's off-the road tires and added them to its retreading program.

In May 2022, the retreading company Hankook and the manufacturer Vaculug agreed to a five year production agreement to create a retread brand called Alphatread, with the aim of increasing retreading business in the fleet vehicle tires market.

In August 2020, the retreading specialist Vipal Elastic announced the introduction of a new tread, the VT250, for winter tires. This tread is designed to withstand the extreme of mud and snow.

Company Insights

The latest drive position retread from Oliver Rubber, one of the world’s largest retread rubber manufacturers, was delivered in July 2022. Oliver Rubber’s latest retread is the Vantage Max drive II.

Further, Michelin Introduces Two New Pre-Form Retread Technologies in June 2021

Market Opportunities

In order to grow the retread tire market in Brazil at a higher CAGR, the organizations offer additional support, quality control, and perception in a business-to-business framework. Similarly, companies are using advanced web-based applications to pick up used tires and deliver retread tires in major urban areas for the convenience of clients. Retread market organizations are doing retread according to proposals made by producers and suppliers to agree to client interest. Generally, this opens up huge possibilities for new players to establish a network and partner with important organizations to meet the growing interest of customers. All these factors combine to give manufacturers and suppliers a range of options to build nationwide distribution networks to satisfy the growing demand.

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Market Segmentation

The Brazil Retread Tire Market is segmented by vehicle type, by retreading method, by region and competitive landscape. Based on vehicle type, the market is segmented into Passenger Car, Light Commercial Vehicle (LCV), Medium and Heavy Commercial Vehicle (M&HCV), Off-the-road (OTR). Further on the basis of retreading method the market is divided into Pre Cure and Mold Cure. The market analysis also studies the region wise segmentation to devise tire market, divided among South-East, North-East, South, Central-West, North.

Company Profiles

Bridgestone do Brasil Industria e Comercio Ltda. (Bridgestone), Borrachas Vipal S.A, Rubbernew Produtos de Borracha Ltda., Rede Recapex Pneus Ltda., Borrachas Tipler Ltda., Marangoni Tread Latino America Ltda, Moreflex Borrachas Ltda, ABC Artefatos de Borracha Coelho Ltda. (Brazil), GVT Reformas e Reciclagem de Pneus Ltda. (Brazil), Prometeon Tire Group Indústria Brasil Ltda are the key players developing advanced technologies to stay competitive in the market and enhancing their product portfolio in the regions to increase their customer outreach.

Attribute	Details
Base Year	2022
Historical Years	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Value in USD Million, Volume in Thousand Units, and CAGR for 2018-2022 and 2023-2028
Report Coverage	Revenue forecast, volume forecast, company share, competitive landscape, growth factors, and trends
Segments Covered	By Vehicle Type By Retreading Method By Region
Region Wise Scope	South-East, North-East, South, Central-West, North
Key Companies Profiled	Bridgestone do Brasil Industria e Comercio Ltda. (Bridgestone), Borrachas Vipal S.A, Rubbernew Produtos de Borracha Ltda., Rede Recapex Pneus Ltda., Borrachas Tipler Ltda., Marangoni Tread Latino America Ltda, Moreflex Borrachas Ltda, ABC Artefatos de Borracha Coelho Ltda. (Brazil), GVT Reformas e Reciclagem de Pneus Ltda. (Brazil), Prometeon Tire Group Indústria Brasil Ltda
Customization Scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and Purchase Options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request)

Report Scope:

In this report, Brazil Retread Tire Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Brazil Retread Tire Market, By Vehicle Type:

Passenger Car
Light Commercial Vehicle (LCV)
Medium and Heavy Commercial Vehicle (M&HCV)
Off-the-road (OTR)

Brazil Retread Tire Market, By Retreading Method:

Pre Cure
Mold Cure

Brazil Retread Tire Market, By Region:

South-East
North-East
South
Central-West
North

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Brazil Retread Tire Market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Brazil Retread Tire Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Introduction

1.1. Market Overview

1.2. Key Highlights of the Report

1.3. Market Coverage

1.4. Market Segments Covered

1.5. Research Tenure Considered

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Market Overview

3.2. Market Forecast

3.3. Key Regions

3.4. Key Segments

4. Impact of COVID-19 on Brazil Retread Tire Market

4.1. Key Segments Impacted

4.2. Key Regions Impacted

5. Voice of Customer Analysis

5.1. Brand Awareness

5.2. Factors Influencing Purchase Decision

5.3. Challenges & Unmet Needs

5.4. Brand Satisfaction

6. Brazil Retread Tire Market Overview

6.1. Initial/Running Costs in the Retread/PCT Business (For Tire Business)

6.2. Collection Flow of Used Tires for Retreading (On Best Effort Basis)

6.3. Demands from the Logistics Industry and Other Customers

7. Brazil Retread Tire Market Outlook

7.1. Market Size & Forecast

7.1.1. By Volume

7.1.2. By Value

7.2. Market Share & Forecast

7.2.1. By Vehicle Type Market Share Analysis (Passenger Car, Light Commercial Vehicle (LCV), Medium and Heavy Commercial Vehicle (M&HCV), Off-the-road (OTR))

7.2.2. By Retreading Method Market Share Analysis (Pre Cure and Mold Cure)

7.2.3. By Region Market Share Analysis

7.2.3.1. South-East Region Market Share Analysis

7.2.3.2. North-East Region Market Share Analysis

7.2.3.3. South Region Market Share Analysis

7.2.3.4. Central-West Region Market Share Analysis

7.2.3.5. North Region Market Share Analysis

7.2.4. By Company Market Share Analysis (Top 5 Companies, Others – By Value, 2022)

7.3. Brazil Retread Tire Market Mapping & Opportunity Assessment

7.3.1. By Vehicle Type Market Mapping & Opportunity Assessment

7.3.2. By Retreading Method Market Mapping & Opportunity Assessment

7.3.3. By Regional Market Mapping & Opportunity Assessment

8. Brazil Retread Passenger Car Tire Market Outlook

8.1. Market Size & Forecast

8.1.1. By Volume

8.1.2. By Value

8.2. Market Share & Forecast

8.2.1. By Retreading Method Market Share Analysis (Pre Cure and Mold Cure)

9. Brazil Retread Light Commercial Vehicle (LCV) Tire Market Outlook

9.1. Market Size & Forecast

9.1.1. By Volume & Value

9.2. Market Share & Forecast

9.2.1. By Retreading Method Market Share Analysis (Pre Cure and Mold Cure)

10. Brazil Retread Medium and Heavy Commercial Vehicle (M&HCV) Tire Market Outlook

10.1. Market Size & Forecast

10.1.1. By Volume & Value

10.2. Market Share & Forecast

10.2.1. By Retreading Method Market Share Analysis (Pre Cure and Mold Cure)

11. Brazil Retread Off-the-Road Vehicle (OTR) Tire Market Outlook

11.1. Market Size & Forecast

11.1.1. By Volume & Value

11.2. Market Share & Forecast

11.2.1. By Retreading Method Market Share Analysis (Pre Cure and Mold Cure)

12. Market Dynamics

12.1. Market Drivers

12.2. Market Challenges

13. List of Prominent Dealers & Distributors

14. Supply Chain Analysis

15. Market Trends and Developments

16. Policy and Regulatory Landscape

16.1. Regulations Regarding Retreading Business

16.2. General Business Regulation & Business Practice (On Best Effort Basis)

17. Brazil Economic Profile

18. Competitive Landscape

18.1. Company Profiles (Up to 10 leading companies)

18.1.1. Bridgestone do Brasil Industria e Comercio Ltda. (Bridgestone)

18.1.1.1. Company Details

18.1.1.2. Product & Services

18.1.1.3. Recent Developments

18.1.1.4. Key Management Personnel

18.1.2. Borrachas Vipal S.A

18.1.2.1. Company Details

18.1.2.2. Product & Services

18.1.2.3. Recent Developments

18.1.2.4. Key Management Personnel

18.1.3. Rubbernew Produtos de Borracha Ltda.

18.1.3.1. Company Details

18.1.3.2. Product & Services

18.1.3.3. Recent Developments

18.1.3.4. Key Management Personnel

18.1.4. Rede Recapex Pneus Ltda.

18.1.4.1. Company Details

18.1.4.2. Product & Services

18.1.4.3. Recent Developments

18.1.4.4. Key Management Personnel

18.1.5. Borrachas Tipler Ltda.

18.1.5.1. Company Details

18.1.5.2. Product & Services

18.1.5.3. Recent Developments

18.1.5.4. Key Management Personnel

18.1.6. Marangoni Tread Latino America Ltda

18.1.6.1. Company Details

18.1.6.2. Product & Services

18.1.6.3. Recent Developments

18.1.6.4. Key Management Personnel

18.1.7. Moreflex Borrachas Ltda

18.1.7.1. Company Details

18.1.7.2. Product & Services

18.1.7.3. Recent Developments

18.1.7.4. Key Management Personnel

18.1.8. ABC Artefatos de Borracha Coelho Ltda. (Brazil)

18.1.8.1. Company Details

18.1.8.2. Product & Services

18.1.8.3. Recent Developments

18.1.8.4. Key Management Personnel

18.1.9. GVT Reformas e Reciclagem de Pneus Ltda. (Brazil)

18.1.9.1. Company Details

18.1.9.2. Product & Services

18.1.9.3. Recent Developments

18.1.9.4. Key Management Personnel

18.1.10. Prometeon Tire Group Indústria Brasil Ltda

18.1.10.1. Company Details

18.1.10.2. Product & Services

18.1.10.3. Recent Developments

18.1.10.4. Key Management Personnel

19. Strategic Recommendations

19.1. Key Focus Areas

19.1.1. Target Region

19.1.2. Target Vehicle Type

19.1.3. Target Retreading Method

20. About Us & Disclaimer

Figures and Tables

Frequently asked questions

Which vehicle type segment is leading the Brazil Retread Tire Market?

Constantly growing passenger car fleet size has increased the overall market growth and demand for retread tires in the Brazil Retread Tire Market.

What are the steps involved in retreading of tires in the Brazil Retread Tire Market?

Retreading process involves six major steps, including initial assessment, buffing, tread preparation and building, enveloping, vulcanizing and visual inspection.

Who are the top players in the Brazil Retread Tire Market?

The major players in the Brazil Retread Tire Market are Bridgestone do Brasil Industria e Comercio Ltda. (Bridgestone), Borrachas Vipal S.A, Rubbernew Produtos de Borracha Ltda., Rede Recapex Pneus Ltda., Borrachas Tipler Ltda., Marangoni Tread Latino America Ltda, Moreflex Borrachas Ltda, ABC Artefatos de Borracha Coelho Ltda. (Brazil), GVT Reformas e Reciclagem de Pneus Ltda. (Brazil), Prometeon Tire Group Indústria Brasil Ltda.

What are the driving factors for the Brazil Retread Tire Market?

The rapidly growing number of vehicles on road and increasing life of tires to be more cost efficient are the major drivers for the Brazil Retread Tire Market in the forecast period.

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Press Release

Brazil Retread Tire Market to be Dominated By Passenger Car Segment During the Forecast Period

Sep, 2023

Increasing demand for cost effective tires for large fleets of automobiles to drive the growth of Brazil Retread Tire Market in the forecast period 2024-2028.