According to a recent research published by Future Market Insights, the worldwide market for retread tires is valued at US$ 8,684.9 Mn by the end of 2018 and is expected to grow at CAGR of 4.6% during the assessment period of 2018-2028. China will be the dominant market for retread tires with the highest market value share of approx. 29.6% by the end of 2018 and will continue its dominance throughout the assessment period. In the global retread tires market, the commercial heavy vehicles segment is projected to increase with a significant CAGR with regard to volume as well as value over the forecast period.
Retread Tire Modernization
As systems are changing, retread tires are consistently advancing amongst other tire shipping. Tire retreading has been around for the last 100 years, and each year brings improvements by introducing efficient systems for retreading, improved bottom lines for tire makers and faster production time. Retread tires are improving constantly and offers more advantages to manufacturers.
At UMD, we specialize in the efficiency of tailoring systems for the maximum profit in the retreaded tire space.
Automation improves the condition and rate of the finished product. In the past, there were many systems that were inefficient causing manufacturers to lose profit. Today, this can now be done as part of automated processes. Some systems require more automation and features than others. At UMD, we outift each system specifically to the needs and expectations of every customer.
With automation, there is a vast improvement in sensors used for computer systems. Though retread tires are still inspected visually, software systems are mainly used for producing higher quality retread tires. Various sensors can be put in place to catch inconsistencies that are not always caught by a human performing a visual evaluation.
UMD software and control solutions keep your system operating with the efficiency, accuracy and speed that your application demands. Our in-house electrical engineering team provides complete design, development and integration of automated control systems with all of our products. And to ensure that every system functions precisely as envisioned, we work closely with every customer to develop the operational specifications and devices required for system control. Each system is then built and tested in our electrical shop and can be commissioned on site by our trained staff.
Source: Future Marketing Insights