Reports suggest global retread tire market to reach $18.5 billion by 2035
The global retread tire market is projected to grow from $10.8 billion in 2025 to $18.5 billion by 2035, according to a new market intelligence study published by Radial Insights. The forecast points to a compound annual growth rate of 5.58% over the period, with demand driven mainly by commercial fleets seeking lower tire costs, longer casing life and improved cost per mile. Retread tires are presented as an important circular economy solution because they extend the useful life of tire casings and reduce the need for repeated new tire purchases. The study says retreads typically cost 30% to 50% less than comparable new tires, making them attractive for trucking, logistics, mining, construction, public transport and aviation operators that consume tires at high rates.