According to TechSci Research report, “Global Retread Tire Market By Vehicle Type, By Retread Process, By Region, Competition, Forecast & Opportunities, 2023”, the global retread tire market is projected to cross $ 11.5 billion by 2023, on account of rising technological advancements in retread tire industry and increasing consumer inclination towards using retread tires. Moreover, retread tires are witnessing high demand from fleet owners as these tires provide better cost per kilometer along with enhanced retread tire life.
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