A Comprehensive Analysis of the Run-Flat Tyres Market

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Run-Flat Tyres Market Size, Share, Competitive Landscape and Trend Analysis Report by Tire Type : Global Opportunity Analysis and Industry Forecast, 2022-2032

NEW CASTLE, DELAWARE, UNITED STATES, January 17, 2024 /EINPresswire.com/ — A run-flat tire market is a special type of tire that is designed to be able to resist the effects of deflation when punctured. It enable the vehicle to continue to be driven at reduced speed for a limited distance. This type of tires typically contain a reinforced sidewall and a rubber compound to help them resist punctures.

Factors such as increasing automobile sales and production, growing demand for luxury vehicles, and rising demand for safety-oriented tires are driving the market growth. Run-flat tire allow drivers to drive at limited speeds even after experiencing a puncture, as this is designed to support the weight of the vehicle for a certain distance. This feature is increasingly gaining importance among consumers, which is driving the growth of the market. In addition, the run-flat tire is gaining traction in military and defense industry as the defense vehicle need to respond quickly in case of emergency. Moreover, these tires are also used in government vehicles, which are used to carry government officials.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 – https://www.alliedmarketresearch.com/request-toc-and-sample/48093

However, high cost associated with run-flat tires and the availability of alternatives such as conventional tires are some of the major factors restraining the market growth. Moreover, the lack of awareness about the advantages of run-flat tires in the emerging countries is also hindering the market growth.

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐢𝐜𝐚𝐥 𝐀𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐑𝐮𝐧-𝐅𝐥𝐚𝐭 𝐓𝐢𝐫𝐞𝐬
With the growing awareness about the advantages of run-flat tires, the demand for run-flat tires is expected to flourish during the forecast period. Hence, the automobile manufacturers such as BMW, Mercedes Benz are providing them as standard in new vehicles. To fulfil the increasing demand for run-flat tires, companies are investing in new technologies like tire pressure monitoring system, that provides real-time information of tire pressure.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 – https://www.alliedmarketresearch.com/run-flat-tyres-market/purchase-options

𝐒𝐞𝐠𝐦𝐞𝐧𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
𝐁𝐲 𝐭𝐲𝐩𝐞: The run-flat tires market is categorized by tire type: self supporting and support ring system. A self-supporting tire does not require a rim to provide structural integrity. This type of tire is generally made from a very strong, flexible material such as rubber or plastic, and is designed to fit directly onto the wheel hub or axle of a vehicle. Self-supporting tires are often used in industrial or off-road applications, where a conventional tire and rim combination may not be suitable. Whereas support ring system tire employs a ring of hard rubber or another structure that can support the vehicle’s weight in an air loss condition.
𝐁𝐲 𝐫𝐢𝐦 𝐬𝐢𝐳𝐞: The run-flat tires market is segmented by rim size namely, 17 to 19 inches, 20 to 22 inches, and greater than 22 inches.
𝐁𝐲 𝐯𝐞𝐡𝐢𝐜𝐥𝐞 𝐭𝐲𝐩𝐞: The run-flat tires market is divided by vehicle type: passenger cars, light commercial vehicles, and heavy commercial vehicles.
𝐁𝐲 𝐬𝐚𝐥𝐞𝐬 𝐜𝐡𝐚𝐧𝐧𝐞𝐥: The run-flat tires market is divided by sales channel: OEM and aftermarket.

𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
Asia-Pacific has a significant market share in run-flat tire market, due to the increasing demand for personal vehicles and the presence of emerging economies such as China, India, Indonesia, Malaysia, and others. As per India Brand Equity Foundation, Indian automobile industry is among the leading employment provider industry and contributes 6%-7% in Indian GDP. In addition, the total motor vehicle production in Japan reached 7.5 million units in 2021 with leading brands such as Toyota and Suzuki. Hence it is the most opportunistic region for stakeholders to enhance their product portfolio and geographical presence. For instance, in February 2023, Bridgestone India announced to invest more than $70 million to enhance production capacity of passenger car tires. Moreover, Asia-Pacific is the leading natural rubber manufacturer in the global , where Thailand being the largest rubber producing country in the global produced 4.70 million metric ton of natural rubber in 2020.

𝐌𝐚𝐤𝐞 𝐚𝐧 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/48093

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬
Competitive analysis and profiles of the major players in run-flat tires market, such as Bridgestone Corporation, CEAT Ltd., Continental AG, Goodyear Tire and Rubber Company, Hankook Tire & Technology, Michelin, MRF Tyres, Pirelli & C. S.p.A., Sumitomo Rubber Industries, Ltd., and The Yokohama Rubber Company are included in the report. This section includes the key financial metrics, operating segmentation, business description, geographical coverage, and recent developments by the company in the area of run-flat tires market. There are some other important players in the market, such as Apollo Tires Ltd., China National Tire & Rubber Co. Ltd., Cooper Tire & Rubber Co. Ltd., Giti Tire, Hangzhou Zhongce Rubber Co. Ltd., Kumho Tire Co. Inc., Nexen Tire Co., Nokian Tires plc, Qingdao Fullrun Tire Co. Ltd., Toyo Tire & Rubber Co. Ltd., and others.

The run-flat tire market is highly competitive with the presence of numerous players competing in the market. These companies are well-established and have significant brand-recognition. Due to the presence of regional and small players, the companies are competing on various grounds like price, geographical presence, automation, innovation and others. For instance, in April 2022, Bridgestone Corporation launched the all-new DriveGuard Plus premium touring tire, that allows drivers to continue their journey up to 80.6 km at up to 129km/hour following a puncture.

𝐊𝐞𝐲 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
• Goodyear Tire and Rubber Company
• Continental AG
• Pirelli & C. S.p.A.
• Bridgestone Corporation
• CEAT Limited
• Sumitomo Rubber Industries Ltd
• Michelin
• The Yokohama Rubber Company
• MRF Tyres
• Hankook Tire & Technology

David Correa
Allied Market Research
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