Project Report For Tyre Retreading
The project report for Tyre Retreading is as follows.
The technique of retreading allows us to reuse our old tyres. A worn casing of a tyre with good structural quality is removed and placed through a process in which the tread and sidewall rubber is completely renewed. The redesigned tyre is then sent through a curing process, during which the new rubber is vulcanised to the previous casing, giving the tyre a fresh tread pattern. The tyre manufacturing business has seen a lot of progress over the years all around the world. Premium technologies are used to create high-quality tyres that will operate flawlessly not only in their “first life,” but also in their second, third, and even fourth lives. As a result, the retreaded tyre sector is expanding, thanks to the adoption of tougher tyre casings, improved re-manufacturing procedures, and high-quality rubber compositions.
Retreaded tyres begin their lives as worn-out tyres. When the tread is down to 2-3 mm or has been re-grooved previously, or if your tyre has punctures that need to be repaired, retreading is required. When a tyre loses a few millimetres of tread, it doesn’t have to be thrown away; instead, it needs to be given a new lease on life because it still retains its unique structural properties. By removing and replacing the worn tread, the tyre can be restored to its original state: in reality, tyres retreaded in accordance with the Ece Onu 109 standards, which are mandatory throughout Europe, are subjected to the same controls, resistance, and quality testing as new tyres.
Market potential & Strategy
By 2023, the Indian tyre market is expected to develop at a rate of over 9%. Tire demand is predicted to rise in India in the next years due to an expanding vehicle fleet, rising new vehicle sales, and thriving construction industry. Furthermore, expanding urbanisation and disposable income are expected to propel the country’s tyre industry forward through 2023. The two-wheeler tyre category dominated the total tyre industry in India, with a volume share of over 50%, followed by passenger cars, light commercial vehicles, medium and heavy commercial vehicles, three-wheelers, and off-the-road vehicles. Mechanisms have higher convenience, design, comfort, affordability, and fuel efficiency because of many advantages such as higher convenience, design, comfort, affordability, and fuel efficiency. The demand for two-wheelers is growing in the country, particularly among the youth. On the other hand, considerations such as the availability of raw materials, a large consumer base, and a variety of untapped potential are luring a number of M&HCV manufacturers to set up shop in the country. In addition, India sells commercial vehicles to Southeast Asia, Africa, and other nearby countries. The demand for tyres in the sector was largely produced from the West region of India in 2016, with a volume share of more than 30% in the total market of India. MRF, JK Tyre, Apollo, TVS, Bridgestone, Michelin, Goodyear, and other Indian brands and multinational corporations dominate the market. Furthermore, the well-established network of dealers and distributors is helping the above-mentioned recognised tyre firms increase their market share in India.
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