The Global Run Flat Tire Market size was valued at around USD 5.26 billion in 2024 and is projected to reach USD 6.66 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 4.02% during the forecast period, i.e., 2025-30.
Global Run Flat Tire Market Driver:
Surging Tourism Industry Across the Globe to Lead the Market Growth – The tourism industry across the globe has been on the rise, further leading to the sale of automobiles as the tourism industry relies heavily on transportation services, including car rentals & bus services. The development of transportation networks, airports, roads, and other facilities has also facilitated the increase in the number of tourists across various nations like the UAE, Saudi Arabia, Indonesia, and others. Infrastructure improvements encourage tourism growth by making it easier for tourists to access different destinations. Moreover, the strong support by the government of countries across the globe for developing the tourism sector & increasing the country’s economy would lead to the sale of automobiles in the country, further augmenting the demand for run-flat tires in the forecast period.
The UAE Tourism Strategy 2031, announced in 2022 by the UAE, aims to raise the tourism sector’s contribution to the GDP to around USD122 billion, with an annual increase of nearly USD7.35 billion. Hence, the significant increase in the tourism industry across different countries would improve the Global Run Flat Tire Market outlook in the forecast period.
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Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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Global Run Flat Tire Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2024
-Historical Period: 2020 to 2023
-Forecast Period: 2025 to 2030
- By Vehicle Type
- Passenger Cars
- Light Commercial Vehicle
- Medium & Heavy Commercial Vehicle
- By Tire Type
- Self-supporting Type
- Supporting Ring Type
- By Rim Size
- 17 inch
- 20 inch
- 19 inch
- 20 inch
- Others
- By Demand Type
- OEM
- Aftermarket
- By Application
- Military
- VIP Cars
- High Value Cargo Carriers
- Others
- By Sales Channel
- Direct Sales
- Exclusive Outlets
- Multi-brand Stores
- By Company
- Revenue Shares
- Competition Characteristics
- By Region
- North America
- South America
- Europe
- The Middle East & Africa
- Asia-Pacific
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Michelin, BMW, Bridgestone, Continental, Dunlop, Goodyear, Pirelli, Kumho, Yokohama, Hankook and others
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