Continental Tire continues growth in the US retread market with its ContiTread brand. Volume of retread tires grew by 2.5% CAGR from 2019 to 2021, based on preliminary figures. The retread market grew by 1.2% CAGR over the same time period. Continental is committed to further increasing its retread presence and offerings in the coming years.
“Retread is a key part of our strategy in the US market,” confirms Continental’s Tom Fanning, head of US market for Truck Tires. “We continue to expand our ContiLifeCycle retread network to better serve our fleet customers across the country.”
For example, in October 2021, ContiLifeCycle partner CMC Tire opened new locations in Cheyenne, Wyoming, and Loveland, Colorado. CMC Tire also acquired a location in Commerce City, a suburb of Denver, Colorado, from Continental’s BestDrive. This expansion brings CMC Tire to 14 locations, enabling them to better service fleet customers throughout the western United States. CMC Tire has been part of the ContiLifeCycle network since 2015 and offers tires, retreads, and auto services. Continental is constantly optimizing its broad retread network in the US which consists of both external and internal partners.
PATH TO SUSTAINABILITY
Continental’s commitment to retreading also provides sustainability improvements, in line with the company’s Vision 2030. Each retread tire saves almost 40 lbs of raw material, including rubber, steel, and carbon black, as well as 15 gallons of oil, according to the Retread Tire Information Bureau. The Bureau also calculates that retreading truck tires in the US reduces carbon emissions by 396,000 tons annually. This is because the retreading process generates 70% less emissions than production of a new tire. Continental designs its commercial tire casings for retreading, helping to protect the environment and deliver the Lowest Overall Driving Cost.
Continental develops pioneering technologies to make commercial fleets safer, more efficient, and more connected. With innovative tire technology and digital fleet solutions, Continental optimizes tire life cycle management to deliver the Lowest Overall Driving Cost to fleets and become the preferred partner to our independent tire dealers. Continental is currently one of the five largest brands in medium/heavy truck tires in the US by market share.
Find out more, visit www.continental-truck.com.
