Some of the key findings from our automotive run-flat tires market forecast report are summarized below
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
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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