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Share this article Share this article ResearchAndMarkets.com s offering. The Global Retread Tire Market stood at around USD10.02 billion in 2020 and is expected to register growth with a CAGR of around 3.76% by value in the forecast period. Growth in commercial vehicle sales and usage in a large number of upcoming construction projects and mining activities coupled up with the availability of retread tires at effective prices are expected to drive the Global Retread Tire Market in the forecast period. The Global Retread Tire Market can be segmented based on vehicle type, by retread process, by company and by region. On the basis of vehicle type, the market is segmented into commercial vehicles, off-the-road vehicles and passenger cars. Currently, the market is dominated by the commercial vehicles segment owing to the lower cost availability of retread tires. In terms of the retread process, the market is segmented into cold process and hot process, and the market is dominated by

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