The forecast for the sold production of retreaded rubber tires used on buses and lorries in the UK indicates a steady decline from 2024 to 2028. In 2024, the production is projected at approximately 631.55 thousand items, decreasing annually to 610.13 thousand by 2028. This represents a year-on-year decrease of approximately 0.9% each year. Cumulatively, this reflects a compound annual growth rate (CAGR) of about -0.87% over the five-year period.
Key future trends to watch for include:
- Adoption of environmentally-friendly processes in tire retreading, potentially boosting demand.
- Regulatory changes impacting manufacturing and production costs.
- Technological advancements improving tire durability and performance.