Category: Blogs

Retreaded Tire Market to Reach Valuation of US$ 7.5 Bn by 2031 Despite the impact of COVID-19, the demand for medium truck tire retreads dropped only slightly from previous-year levels in the U.S. However, the lack of enough truck drivers and workforce is causing a slowdown in the business activities. The India retreaded tire market, on the other hand, is facing poor market sentiments due to the ongoing pandemic. This has taken a toll on India’s GDP, since the automotive industry accounts for a large share of the GDP. As such, mass vaccination programs are anticipated to revive market growth in India.