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U.S. Truck Tire Retreading Growth Projections

  • October 14, 2019
  • Tire Retreading , Truck ,

Truck Tire Retreading Market to Show Impressive Growth by 2024

According to the market forecast, the U.S. truck tire retreading market is set to experience a combined annual growth rate (CAGR) of 13% over the next five years. Top manufacturers contributing to the industry growth include Michelin, Goodyear Tire & Rubber Company, Bridgestone, Continental, and many more.

Both light and heavy commercial vehicle segments were listed as leaders in truck tire retreading market growth over the next five years. With some fleet managers using as much as 75% retread tires for their commercial trucks, this projection will likely become reality by 2024.

Factors for Truck Tire Retreading Projected Success

Truck tire retreading market growth can be attributed to a few key factors, including the following:

  • Significantly lower cost for retread tires.
  • Reduced local and federal taxes on retreads.
  • More advanced curing techniques resulting in higher-quality products backed by manufacturer warranties.

While truck tire retreading has historically be perceived as a dangerous investment for fleets, advancements in retreading practices produce tires that are just as durable and dependable as their newer counterparts. The best way for commercial fleets to take advantage of high-quality products at an affordable price is by partnering with a tire retreading services provider.

STTC Retreading Partner for Your Fleet

STTC provides fleet managers with the industry’s most advanced truck tire retreading services. Our OSHA-certified tire technicians meticulously inspect each of our products to ensure your commercial fleet is equipped with the safest, highest-quality retreads available. We offer a wide selection of top-rated products from the industry’s most respected brands. Our team can even work with you to create a preventative maintenance plan customized to your fleet’s specific needs to help extend the life of your retread tires.

When you choose to partner with STTC, you’ll gain access to a wide variety of top-rated products at a reasonable price. Ask us how we can help provide your commercial fleet with high-quality truck tire retreading services by contacting our team

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