"Market Intelligence for High-Geared Performance"

Run Flat Tire Market Size, Share & Industry Analysis, By Run Flat Tire Type (Self Supporting, Support Ring System), By Application Type (Transportation and Logistics, Military and Defence, Agriculture, Construction, Others), By Vehicle Type (PC, LCV, HCV) Others and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI101999 | Status : Ongoing

 

KEY MARKET INSIGHTS

The rising production of passenger and commercial vehicles globally are anticipated to propel the automotive tire market. Asia Pacific is anticipated to dominate the market owing to the presence of major key players in this region. China is anticipated to hold a massive share in the Asia Pacific region amid high sales of advanced run-flat tires. A run-flat tire is designed to work even when the tire is punctured. With the help of a run-flat tire, cars can be driven up to 80km at an average speed. These tires give safety to the vehicles, as they allow consumers to drive safely to the nearest service center even if there is continuous loss of air from the tire. The high cost of run-flat tires is anticipated to hinder the growth of the market as these tires are three times costlier than standard tires.


Up Arrow

Key Market Driver -

Rising automotive sales globally will drive the growth of the market

Down Arrow

Key Market Restraint -

High cost as compared to normal tires is expected to be hindrance to the growth of the market.


Increasing production and sales of vehicles is anticipated to boost the automotive run-flat tire market during the forecast period. The sale of passenger cars is directly depended on economic conditions owing to fluctuation in GDP growth, exchange rates, and changes in government policies. The high cost of run-flat tires compared to standard tires of the vehicles is expected to hamper the growth of the automotive run-flat tire market over the forecast period.

Key Players Covered in the Automotive Run Flat Tire Market:


Some of the major companies that are present in the automotive run-flat tire market include Bridgestone Corporation, Continental AG, Michelin, The Goodyear Tire & Rubber Company, Pirelli & C.S.p.A., Apollo Tires Ltd., CEAT Ltd., China National Tire & Rubber Co., Ltd., Cooper Tire & Rubber Co., Ltd., Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, JK Tire & Industries Ltd., Kumho Tire Co., Inc., Nexen Tire Corporation, Nokian Tires plc, Qingdao Fullrun Tire Corp., Ltd., Sumitomo Rubber Industries, Ltd., Toyo Tire & Rubber Co., Ltd., and Yokohoma Tire Corporation among the other players.

The global automotive run-flat tire market has been segmented into run-flat tire type, application type, vehicle type, and region. By technology type, the global automotive run-flat tire market is segmented into a self-supporting and support ring system. A self-supporting run-flat tire segment is anticipated to dominate the market during the forecast period owing to rising sales of passenger vehicles.  The self-supporting tire is mostly used in passenger vehicles owing to the rising need for run-flat tire among the consumers who travel a long distance. By application type, the global automotive run-flat tire market is segmented into transportation & logistics, military & defense, agriculture, construction, and others. The military & defense segment is anticipated to hold the largest market share during the forecast period. Defense vehicles need to travel and respond quickly in an emergency. Flat tire of defense vehicle may cause a huge problem in case of emergencies. Transportation and logistics segments are anticipated to show steady growth in the market owing to rising requirements to deliver goods on scheduled time. Mostly chemical carrying vehicles are expected to adopt run-flat tires that help to give stability to vehicles even at the time of continuous loss air from the tire.

Regional Analysis:


To gain extensive insights into the market, Request for Customization


Geographically, the automotive run-flat tire market is segmented into North America, Europe, Asia Pacific, and the rest of the world. Asia Pacific is anticipated to hold significant market share amid rapidly growing domestic consumption, large population, and evolving standards. India is expected to dominate the region owing to the enormous investment in the tire industry. Europe is expected to witness good growth in the global automotive run-flat tire market. Europe currently holds the second-largest position market in the automotive run-flat tire market. To reduce the number of road fatalities, governments have imposed stringent regulations in this region, and this is expected to drive the automotive run-flat tire market. North America is also estimated to show steady growth in the automotive run-flat tire market over the forecast period.

Segmentation


























 ATTRIBUTE

 DETAILS

By Run Flat Tire Type



  • Self Supporting

  • Support Ring System



By Application Type



  • Transportation and Logistics

  • Military and Defence

  • Agriculture

  • Construction

  • Others



By Vehicle Type



  • PC

  • LCV

  • HCV



By Geography



  • North America (USA, Canada, and Mexico)

  • Europe (Germany, France, U.K., and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, and Rest of Asia Pacific)

  • Rest of the World






  • Ongoing
  • 2023
  • 2019-2022

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Automotive & Transportation Clients

Bosch
KIA
Deloitee
Toshiba
Hyundai

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X