The Tire Retread & Repair Bureau (TRIB) says 48% of respondents to its passenger tire retreading survey expect no change in the market.
The survey also measured interest in entering the passenger retreading segment. For that question, 26% replied they were already involved, 35% stated they had no interest, and 13% said they were exploring options.
TRIB also asked respondents to identify issues affecting growth of the market, says TRIB Managing Director David Stevens.
According to respondents, the top three drivers for passenger tire retreading growth are:
1. Cost savings compared to new tires
2. Growing export markets
3. Environmental benefits
The top three drivers for passenger tire retreading decline are:
1. Low-cost/quality new tires
2. Public perception/education
3. Size proliferation
For more from the survey, visit the TRIB website. For more on the outlook for this market, see Will passenger tire retreading make a comeback in the U.S.?
