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2018 Market Analysis & Industry Outlook: Tire Retreading


Overview of the U.S. Tire Retreading Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Tire Retreading: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast[PREMIUM]

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Tire Retreading industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

Miscellaneous Receipts, Including Receipts For Repair Work, Sales Of Scrap And Refuse.



U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map of Tire Retreading by state

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Tire Retreading company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Tire Retreading industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Tire Retreading measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers1%
Office and Administrative Support Occupations 7%
Installation, Maintenance, and Repair Occupations 7%
Other Installation, Maintenance, and Repair Occupations 5%
Production Occupations 66%
Assemblers and Fabricators 9%
Miscellaneous Assemblers and Fabricators 9%
Team Assemblers 9%
Metal Workers and Plastic Workers 11%
Other Production Occupations 42%
Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders 10%
Extruding, Forming, Pressing, and Compacting Machine Setters, Operators, and Tenders 10%
Miscellaneous Production Workers 18%
Tire Builders 13%
Transportation and Material Moving Occupations 5%
Source: Bureau of Labor Statistics


Tire Retreading Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Top Innovators

CompanyInnovation Score
Wilkerson

Additional companies, details and innovation scoring in the full report.

Latest Industry News

  • Roadmaster Earns Construction Equipment Magazine’s Top 100 New Products of 2017 Award - The tire’s warranty offers two retreads within six years. “The RM332 WB is a tire that delivers with the performance and durability that fleets demand. It provides long miles to removal and is backed by a strong warranty, making it a great choice for ... (01/10/2018)
  • Bruce Halle dies; billionaire founder of Discount Tire was 87 - It was three days before Halle had his first customer and a week before he made a sale. His original inventory consisted of two new tires and four retreads. Zuieback said Halle “established a simple business ethos: treat others how you want to be treated ... (01/06/2018)
  • Founder of Discount Tire in Michigan dies - It was three days before Halle had his first customer and a week before he made a sale. His original inventory consisted of two new tires and four retreads. Zuieback said Halle “established a simple business ethos: Treat others how you want to be treated ... (01/05/2018)
  • Case makes Michelin X Tweel SSL airless radial tires a factory option for its skid-steer loaders - The AT models feature a deep open tread design to provide cleaning and traction and a deep layer of undertread, allowing the core to be retread many times, according to Case. “CASE offers a broad range of skid-steer tires to meet the needs of a variety ... (01/05/2018)
  • Bruce Halle, billionaire founder of Discount Tire, dies at age 87 - Halle's 2012 biography says he founded Discount Tire in 1960 in Ann Arbor, Mich., with just six tires — two new ones and four retreads — after failing in two other businesses. He had a simple explanation for the company's name: "Everybody wants a deal." (01/05/2018)
  • Bruce Halle, Discount Tire founder and Arizona's richest man, dies at 87 - He had six tires (four of which were retreads) and a portable air tank, which he had to fill at a local gas station. Halle was the tire technician, accountant, store computer, sign painter and cleaning crew. Halle’s business model of customer services ... (01/05/2018)
  • TIA's Retreading Resource Marvin Bozarth Is Retiring - Marvin Bozarth has been the go-to man for TIA members on all issues related to retreading and repairing tires. He will retire at TIA's 2018 Off-the-Road (OTR) Tire Conference. “We are grateful for the decades of service that Marvin has provided the ... (01/04/2018)
  • What Tire Dealers Can Tell us About Truck Tire Trends - Low-cost imported tires, retread demand, and the increasing presence of truckstop chains into the tire market are among the trends seen in the truck tire market in Modern Tire Dealer’s annual survey of commercial tire dealers. (MTD is a sister ... (12/29/2017)
  • Retread Instead Launches Letter-Writing Campaign - Marangoni Tread North America’s Retread Instead campaign to promote the use of retreads over cheaper foreign tires has launched a Senate letter-writing campaign to persuade legislators. The goal is to educate the Senators on the benefits of commercial ... (12/29/2017)
  • Thompson Tire & Retread Inc. - Promote your business through our innovative Marketplace system! It's free to sign up! As published in the Rochester Post Bulletin. As published in the Rochester Post Bulletin. As published in the Rochester Post Bulletin. As published in the Rochester Post ... (05/25/2017)


Government Contracts

In 2016, the federal government spent a total of $112,326 on Tire Retreading. It has awarded 30 contracts to 4 companies, with an average value of $28,082 per company.   

Top government vendors:

CompanyFederal ContractsTotal Award Amount





Segments classified within this market research report

This industry market research report includes companies whose primary business is any of the following:
Recapping tires, Rebuilding tires, Tire retreading, recapping or rebuilding, Retreading tires, etc.



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