With 33% Market Share, Europe Leads Run-flat Tire Consumption, Followed by North America and APAC

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%.
Automakers have known for years that run-flat tires offer opportunities to meet important consumer and regulatory demands. Industry players like BMW was among the first movers in fit run-flat tires on most of its concept models as standard equipment.

More than a third of new vehicles are sold without a spare tire, and today’s runflat tires, like Bridgestone’s DriveGuard tire, offer an added safety benefit without sacrificing ride comfort.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.

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.

Over the next five years, Study projects that Run Flat Tires (Run-flat Tire) will register a 3.1% CAGR in terms of revenue, reach US$ 5540 million by 2023, from US$ 4610 million in 2017.

This report presents a comprehensive overview, market shares, and growth opportunities of Run Flat Tires (Run-flat Tire) market by product type, application, key manufacturers and key regions.

Segmentation by product type:

  • Self-Supporting
  • Support Ring System

Segmentation by application:

  • Replacement
  • Original Equipment

Companies mentioned in this report include:

The consumption volume of Run-flat tires is related to downstream industries and global economy. There are many manufactures in this field. 

Bridgestone, Michelin, GoodYear, Continental, Pirelli and others.

This market research report is available immediately for order at: https://www.marketresearchreports.com/lpi/2018-2023-global-run-flat-tires-run-flat-tire-consumption-market-report

Browse more reports from our Telecom Segement: https://www.marketresearchreports.com/tyres

About Market Research Reports, Inc.
Market Research Reports® Inc. is world’s largest store offering quality market research, SWOT analysis, competitive intelligence and industry reports. We help Fortune 500 to Start-Ups with the latest market research reports on global &regional markets which comprise key industries, leading market players, new products and latest industry analysis & trends.

 

Media Contact
Company Name: MarketResearchReports.com
Contact Person: Sudeep Chakravarty
Email: Send Email
Phone: +1-302-703-9904
City: Lewes
State: Delaware
Country: United States
Website: https://www.marketresearchreports.com