The sold production of retreaded rubber tyres in Germany has seen a significant decline from 2013 to 2023. In 2013, the market stood at 10.445 million Euros and dropped consistently over the years to 5.0225 million Euros in 2023. Notably, from 2013 to 2023, the market experienced a sharp annual fluctuation, with a high of -29.21% year-on-year decline in 2015 and a minor bounce back of 13.82% increase in 2016. The overall Compound Annual Growth Rate (CAGR) has reflected sustained declines, averaging -3.63% over the last five years.
From 2024 onwards, forecast data indicate a continued decline, with the market value expected to reach 3.9829 million Euros by 2028. The projected 5-year CAGR is -3.62%, suggesting a -16.82% decrease over this period. Future trends to watch for include advancements in recycling technology, changes in consumer preferences, as well as regulatory changes that might impact the demand for retreaded rubber tyres. Market participants should closely monitor these factors as they may offer opportunities for market stabilization or even growth.
