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Global Automotive Run-flat Tires Market 2019-2023

  • Published: Aug 2019
  • Pages: 130
  • SKU: IRTNTR31702
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The global automotive run-flat tires market size will grow by USD 1.43 billion during 2019-2023. This market report provides a detailed analysis of the market by end-users (OEM and aftermarket) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including Bridgestone Corp., Continental AG, Michelin Group, Pirelli & C. Spa, The Goodyear Tire & Rubber Co., and The Yokohama Rubber Co. Ltd.

Some of the key findings from our automotive run-flat tires market forecast report are summarized below

Automotive-Run-flat-Tires-Market

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Global Automotive Run-flat Tires Industry Overview

The emergence of smart tires will be one of the critical automotive run-flat tires market trends contributing to the growth of the market. Automotive tire manufacturers are focusing on the use of advanced materials, technologies, and processes to enhance the value proposition of their products. For instance, Continental developed new tire technologies, such as ContiSense and ContiAdapt, that help in providing greater levels of comfort and safety. ContiSense uses advanced sensors and electrically conductive rubber compounds to monitor tire temperature and depth on a real-time basis.

Similarly, ContiAdapt uses micro compressors to manage tire pressure and change the contact patch size depending upon the outside terrain and environmental conditions. Bridgestone also developed a new lightweight tire technology called Enliten that enables the efficient use of rubber compounds without compromising the durability and reliability of tires. These technologies are expected to be incorporated in run-flat tires in the forthcoming years and consequently fuel the growth of the automotive run-flat tires market.

The benefits associated with the use of run-flat tires are also expected to boost the growth of the market. Run-flat tires provide enhanced safety and convenience and minimize the risk of on-road collision and accidents. In cases of deflation, run-flat tires stabilize the vehicle from losing its intended path and allows it to be run for a distance of about 80 to 100 miles at low speed. As they do not require a spare tire and a tire changing kit or tool, run-flat tires also help in reducing the vehicle’s overall weight. The use of advanced technologies and superior materials will further boost the popularity of run-flat tires. These factors will drive the growth of the automotive run-flat tires market at a CAGR of over 3% during the forecast period.

Top Automotive Run-flat Tires Companies Covered in this Market Research Report

The global automotive run-flat tires market is fragmented. To help clients improve their market position, this report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies. Moreover, this automotive run-flat tires market analysis report also includes information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of future growth opportunities.

The report offers a detailed analysis of several leading automotive run-flat tire manufacturers, including:

  • Bridgestone Corp.
  • Continental AG
  • Michelin Group
  • Pirelli & C. Spa
  • The Goodyear Tire & Rubber Co.
  • The Yokohama Rubber Co. Ltd.

Automotive Run-Flat Tires Market Segmentation Based on End-users

  • OEM
  • Aftermarket

The OEM segment will account for the highest automotive run-flat tires market share. The growing fitment of run-flat tires as a standard accessory will be one of the significant factors responsible for automotive run-flat tires market growth in this segment. This market research report provides an accurate prediction of the contribution of all the segments to the growth of the automotive run-flat tires market size.

Automotive Run-Flat Tires Market Segmentation Based on Geographic Region

  • APAC
  • Europe
  • MEA
  • North America
  • South America

With a complete study of the growth opportunities for companies, it has been identified that Europe will account for the highest share of the automotive run-flat tires market throughout the forecast period. The high sales of luxury and sports cars in western markets will fuel the demand for automotive run-flat tires in this region.

Key Highlights of the Global Automotive Run-flat Tires Market for the Forecast Years 2019-2023

  • CAGR of the market during the forecast period 2019-2023
  • Detailed information on factors that will accelerate the growth of the automotive run-flat tires market during the next five years
  • Precise estimation of the global automotive run-flat tires market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the automotive run-flat tires industry across APAC, Europe, MEA, North America, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information on several vendors
  • Comprehensive details of factors that will challenge the growth of automotive run-flat tires companies

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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY END-USER

  • Market segmentation by end-user
  • Comparison by end-user
  • OEM - Market size and forecast 2018-2023
  • Aftermarket - Market size and forecast 2018-2023
  • Market opportunity by end-user

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2018-2023
  • North America - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Emergence of smart tires
  • Increase in number of run-flat tire launches
  • Use of advanced technology in tire retreading

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Bridgestone  Corp.
  • Continental AG
  • Michelin Group
  • Pirelli & C. Spa
  • The Goodyear Tire & Rubber Co.
  • The Yokohama Rubber Co. Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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