The sold production of retreaded rubber pneumatic tyres in the UK displayed significant volatility between 2013 and 2023, with notable declines between 2016 and 2017 and a brief recovery in 2018-2019. Despite this, the volume in 2023 stood at 120.15 million Euros, marking a slight downturn from the previous year.
Analyzing the last two years reveals a slight year-on-year decrease: -1.18% in 2023, following a modest growth of 4.01% in 2022. The five-year CAGR from 2019-2023 is 0.61%, indicating minor overall growth.
Looking ahead, projected data from 2024 onward suggest a diminishing trend, with a forecast five-year CAGR of -1.01%, and an overall forecasted growth rate of -4.94% by 2028.
Future trends to watch for include the impact of increasing environmental regulations, shifts in consumer preferences, and technological advances in tyre manufacturing, which could influence both supply and demand dynamics in the industry.
