In 2023, Spain led Europe's production of retreaded rubber tyres for buses and lorries, capturing 29.41% of the market, a significant increase of 13.84% from previous years. The UK and Germany followed with shares of 20.8% and 15.08%, respectively. France and Italy experienced notable declines of -11.35% and -10.45%. Norway, Romania, and Denmark saw growth, while smaller markets like Hungary and Greece experienced contractions of over 15%.
Future trends to watch:
- The growing emphasis on sustainability may boost the demand for retreaded tyres.
- Technological advancements could enhance tyre performance, making retreads more attractive.
- Economic conditions in key markets might influence production levels.
Top countries in Sold Production of Retreaded Rubber Tyres of a Kind Used on Buses and Lorries Share by Country (Units (Items))
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 29.41 | 2023 | +2.11% | +13.84% | View data |
| 2 | 2 United Kingdom | 20.8 | 2023 | -0.82% | -1.38% | View data |
| 3 | 3 Germany | 15.08 | 2023 | -4.63% | -0.89% | View data |
| 4 | 4 France | 8 | 2023 | -18.8% | -11.35% | View data |
| 5 | 5 Poland | 5.71 | 2023 | +1.46% | +0.57% | View data |
| 6 | 6 Italy | 5.32 | 2023 | -15.26% | -10.45% | View data |
| 7 | 7 Portugal | 2.43 | 2023 | -6.67% | -4.6% | View data |
| 8 | 8 Finland | 2.37 | 2023 | +1.32% | -0.35% | View data |
| 9 | 9 Norway | 2.16 | 2023 | +3.83% | +2.3% | View data |
| 10 | 10 Czechia | 1.87 | 2023 |
