The global Run Flat Tires (Run-flat Tire) market was 4610 million US$ in 2018 and is expected to 5740 million US$ by the end of 2025, growing at a CAGR of 2.8% between 2019 and 2025.
Los Angeles, CA -- (SBWIRE) -- 04/23/2019 -- This report studies the Run Flat Tires market.A run-flat tire is a pneumatic vehicle tire that is designed to resist the effects of deflation when punctured, and to enable the vehicle to continue to be driven at reduced speeds and for limited distances.The global Run-flat tires market is relatively concentrated as the manufacturing technology of Run-flat tires is relatively higher than some light tires. Some enterprises are well-known for the wonderful performance of their Run-flat tires and related services. The global leading players Michelin, Bridgestone and Goodyear are remarkable in the global Run-flat tires industry because of their market share and technology status of Run-flat tires.
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The consumption volume of Run-flat tires is related to downstream industries and global economy. There are many manufactures in this field. The global consumption volume of run-flat tires will increase from 29.08 million units in 2017 to 36.86 million units in 2022, with an annual growth rate of 4.86%.
The run-fate tires market is mainly in Europe and USA due to its advanced technology and downstream demand Europe occupied 32.80% of the global market share, followed by USA and China.
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This report studies the Run Flat Tires (Run-flat Tire) market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Run Flat Tires (Run-flat Tire) in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
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The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Bridgestone
Michelin
GoodYear
Continental
Pirelli
Hankook
Sumitomo Rubber
Yokohama
Giti
Kumho
Cheng Shin Rubber
By the product type, the market is primarily split into
Self-Supporting
Support Ring System
By the end users/application, this report covers the following segments
Replacement
Original Equipment
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