NAICS 326212 - Tire Retreading
This U.S. industry comprises establishments primarily engaged in retreading, or rebuilding tires.
Industry trends:
The tire retreading industry, classified under NAICS 326212, is experiencing several notable qualitative trends. Sustainability is at the forefront, as retreading is increasingly recognized for its environmental benefits, reducing waste and resource consumption compared to new tire production. This trend is expected to strengthen with rising regulatory pressures and corporate commitments to sustainability goals.
Technological advancements in retreading processes are another significant trend. Improved materials and automated retreading machinery are enhancing the quality and efficiency of retreaded tires, positioning them as a competitive alternative to new tires. These innovations are anticipated to continue, driven by ongoing research and development efforts.
Market expansion is also noteworthy, with growth in emerging economies where cost savings from retreaded tires are particularly appealing. This forecasted growth is supported by increasing awareness and acceptance of retreaded tires in these regions.
Lastly, partnerships and collaborations within the industry are on the rise. Tire manufacturers and retreading companies are forming strategic alliances to leverage each other's strengths, improve product offerings, and broaden their market reach. This trend is projected to persist as companies seek to enhance their competitive advantage and adapt to evolving market demands.
This industry is comprised of:
Rebuilding tires
Recapping tires
Retreading tires
Tire retreading, recapping or rebuilding
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- Employees
- Net Sales
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