About Run Flat Tires
The main restraint in tire industry is the lack of tire movement when the tire is without air, thus, number of manufacturers have developed a pneumatic automobile tire named Run Flat Tire which is developed and designed to work even when the tire is puncture. Thus it will create significant demand over the next couple, though the excessive prices might stagnate the demand for run flat tires.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.7% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.The Vendors having a strong hold in the market are Bridgestone, Goodyear Tire and Rubber, Pirelli, Dunlop Tires, and Continental. Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Run Flat Tires market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Bridgestone Corporation (Japan), Goodyear Tire and Rubber Company (United States), Pirelli (Italy), Dunlop Tires (United States), Continental AG (Germany), Yokohama Rubber Company (Japan), Kumho Tire (South Korea), Michelin (France), Hutchinson Industries Inc. (United States) and RunFlat International (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Bulldog Direct Protective Systems Inc. (United States), Briscoe Technologies (Nigeria), Lasco International Group (United States) and Mas Makina Metal Ltd. (Turkey).
Segmentation Overview
AMA Research has segmented the market of Global Run Flat Tires market by Type (Self-supporting Tires, Self-sealing Tires and Auxiliary-supported Tires), Application (Military, VIP cars, High-Value Cargo Carriers and Others) and Region.
On the basis of geography, the market of Run Flat Tires has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Tire Size, the sub-segment i.e. 17 Inch will boost the Run Flat Tires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Industry, the sub-segment i.e. Passenger Cars will boost the Run Flat Tires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. OEM will boost the Run Flat Tires market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Safety as well as Durability of Run Flat Tires and Adoption of Run Flat Tires with Minimum impact on Fuel Consumption
Market Growth Drivers:
Run Flat Tires Allows consumers to drive up to 100 Miles with Air Pressure Availability and Sudden Deflation Results in Less Weight Transfer and Tread Destabilization
Challenges:
Comparatively Less Durable than the Traditional Tires and Stiffer Sidewalls for Run Flat Tires results in Harsher Rides
Restraints:
Comparatively More Expensive than the Conventional Tires and Heavy Weight Run Flat Tires can minimize the Fuel Economy
Opportunities:
Robust Growth in Automobile Industry and Increasing Number of On road Vehicles and Advantageous Over the Conventional Tires such as Elimination of Spare Parts
Market Leaders and their expansionary development strategies
In January 2023, Bridgestone partnered with Lamborghini to Develop the World-First Supercar Run-Flat All-Terrain Tyre for the Huracán Sterrato. The new Bridgestone Dueler All-Terrain AT002 tyre is specifically designed to provide Huracán Sterrato drivers with maximum driving pleasure, versatility, and adaptability for any conditions and surfaces, both on-road and off-road.
In April 2022, Bridgestone Americas (Bridgestone) announced the launch of the all-new Bridgestone DriveGuard Plus premium touring tire, designed to deliver a comfortable ride backed by the security of an extended mobility promise. In addition to best-in-class run-flat technology, the DriveGuard Plus offers improvements in wet and winter performance for all-season reliability.
Key Target Audience
Run Flat Tire Manufacturers, Run Flat Tire Distributors and Traders, Automobile Industry, Tire Manufacturing Industry Associations, Government Agencies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.