Press release
Run Flat Tires (Run-flat Tire) Market Size Expecte to Hit 5740 Million US$ by 2025
In terms of production side, this report researches the Run Flat Tires (Run-flat Tire) capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and product type.
In terms of consumption side, this report focuses on the consumption of Run Flat Tires (Run-flat Tire) by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc.
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.
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.
The Run Flat Tires (Run-flat Tire) market was valued at 4610 Million US$ in 2017 and is projected to reach 5740 Million US$ by 2025, at a CAGR of 2.8% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Run Flat Tires (Run-flat Tire).
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This report includes the following manufacturers; we can also add the other companies as you want.
Bridgestone
Michelin
GoodYear
Continental
Pirelli
Hankook
Sumitomo Rubber
Yokohama
Giti
Kumho
Cheng Shin Rubber
Market Segment by Product Type
Self-Supporting
Support Ring System
Market Segment by Application
Replacement
Original Equipment
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