According to our (Global Info Research) latest study, the global Support Ring Runflat Tire market size was valued at USD 1213.1 million in 2023 and is forecast to a readjusted size of USD 1780.7 million by 2030 with a CAGR of 5.6% during review period.
Support ring run-flat tire systems combine unique wheels and tires. The tire is attached to a special rim that employs a ring, typically made of hard rubber, that can support the vehicle’s weight in the event of air loss. The flat tire’s tread rests on the support ring attached to the wheel when the tire loses pressure. This puts most of the load on the wheel, rather than the tire.
The advantage of this system is that the wheel usually doesn’t wear out or need to be replaced. In addition, because the sidewall stiffness can be similar to standard tires, auxiliary supported systems can offer better ride quality than self-supporting tires. The big disadvantage to support ring systems is that their unique wheels do not accept standard tires and the resulting lower volume offers consumers fewer tire choices. Michelin’s PAX system of wheels and tires is the only support ring system to have appeared in appreciable volume.
Support ring runflat tires, also known as self-supporting runflat tires, offer distinct advantages in terms of safety, convenience, and peace of mind for drivers. When presenting the prospect of support ring runflat tires to potential customers, here are key prospects and considerations to focus on:
Safety and Security:
Emphasize the safety features of support ring runflat tires that allow drivers to maintain control and continue driving even after a puncture or loss of air pressure. This safety net is invaluable, especially in emergencies or challenging driving conditions.
Extended Mobility:
Highlight the ability of support ring runflat tires to provide extended mobility for up to a certain distance even with a flat tire. This feature ensures that drivers can reach a safe location or service facility without the need for an immediate tire change.
Reduced Hassle and Downtime:
Showcase how support ring runflat tires eliminate the inconvenience of changing a flat tire on the roadside or waiting for a tow. This reduces downtime, saves time, and allows drivers to continue their journey with minimal disruption.
Cost Savings:
Discuss the potential cost savings associated with not needing an immediate tire change or tow service. Explain how support ring runflat tires can save money on towing fees, spare tires, and related labor costs over the tire's lifespan.
Compatibility and Availability:
Assure customers that support ring runflat tires are available for a wide range of vehicle types, including passenger cars, SUVs, and light trucks. Highlight the increasing availability of these tires in the market.
The Global Info Research report includes an overview of the development of the Support Ring Runflat Tire industry chain, the market status of Original Equipment (Passenger Vehicle, Commercial Vehicle), Replacement (Passenger Vehicle, Commercial Vehicle), and key enterprises in developed and developing market, and analysed the cutting-edge technology, patent, hot applications and market trends of Support Ring Runflat Tire.
Regionally, the report analyzes the Support Ring Runflat Tire markets in key regions. North America and Europe are experiencing steady growth, driven by government initiatives and increasing consumer awareness. Asia-Pacific, particularly China, leads the global Support Ring Runflat Tire market, with robust domestic demand, supportive policies, and a strong manufacturing base.
Key Features:
The report presents comprehensive understanding of the Support Ring Runflat Tire market. It provides a holistic view of the industry, as well as detailed insights into individual components and stakeholders. The report analysis market dynamics, trends, challenges, and opportunities within the Support Ring Runflat Tire industry.
The report involves analyzing the market at a macro level:
Market Sizing and Segmentation: Report collect data on the overall market size, including the sales quantity (Units), revenue generated, and market share of different by Type (e.g., Passenger Vehicle, Commercial Vehicle).
Industry Analysis: Report analyse the broader industry trends, such as government policies and regulations, technological advancements, consumer preferences, and market dynamics. This analysis helps in understanding the key drivers and challenges influencing the Support Ring Runflat Tire market.
Regional Analysis: The report involves examining the Support Ring Runflat Tire market at a regional or national level. Report analyses regional factors such as government incentives, infrastructure development, economic conditions, and consumer behaviour to identify variations and opportunities within different markets.
Market Projections: Report covers the gathered data and analysis to make future projections and forecasts for the Support Ring Runflat Tire market. This may include estimating market growth rates, predicting market demand, and identifying emerging trends.
The report also involves a more granular approach to Support Ring Runflat Tire:
Company Analysis: Report covers individual Support Ring Runflat Tire manufacturers, suppliers, and other relevant industry players. This analysis includes studying their financial performance, market positioning, product portfolios, partnerships, and strategies.
Consumer Analysis: Report covers data on consumer behaviour, preferences, and attitudes towards Support Ring Runflat Tire This may involve surveys, interviews, and analysis of consumer reviews and feedback from different by Application (Original Equipment, Replacement).
Technology Analysis: Report covers specific technologies relevant to Support Ring Runflat Tire. It assesses the current state, advancements, and potential future developments in Support Ring Runflat Tire areas.
Competitive Landscape: By analyzing individual companies, suppliers, and consumers, the report present insights into the competitive landscape of the Support Ring Runflat Tire market. This analysis helps understand market share, competitive advantages, and potential areas for differentiation among industry players.
Market Validation: The report involves validating findings and projections through primary research, such as surveys, interviews, and focus groups.
Market Segmentation
Support Ring Runflat Tire market is split by Type and by Application. For the period 2019-2030, the growth among segments provides accurate calculations and forecasts for consumption value by Type, and by Application in terms of volume and value.
Market segment by Type
Passenger Vehicle
Commercial Vehicle
Market segment by Application
Original Equipment
Replacement
Major players covered
Bridgestone
Michelin
GoodYear
Continental
Pirelli
Hankook
Sumitomo Rubber
Yokohama
Giti
Kumho
Cheng Shin Rubber
Market segment by region, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
South America (Brazil, Argentina, Colombia, and Rest of South America)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa, and Rest of Middle East & Africa)
The content of the study subjects, includes a total of 15 chapters:
Chapter 1, to describe Support Ring Runflat Tire product scope, market overview, market estimation caveats and base year.
Chapter 2, to profile the top manufacturers of Support Ring Runflat Tire, with price, sales, revenue and global market share of Support Ring Runflat Tire from 2019 to 2024.
Chapter 3, the Support Ring Runflat Tire competitive situation, sales quantity, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.
Chapter 4, the Support Ring Runflat Tire breakdown data are shown at the regional level, to show the sales quantity, consumption value and growth by regions, from 2019 to 2030.
Chapter 5 and 6, to segment the sales by Type and application, with sales market share and growth rate by type, application, from 2019 to 2030.
Chapter 7, 8, 9, 10 and 11, to break the sales data at the country level, with sales quantity, consumption value and market share for key countries in the world, from 2017 to 2023.and Support Ring Runflat Tire market forecast, by regions, type and application, with sales and revenue, from 2025 to 2030.
Chapter 12, market dynamics, drivers, restraints, trends and Porters Five Forces analysis.
Chapter 13, the key raw materials and key suppliers, and industry chain of Support Ring Runflat Tire.
Chapter 14 and 15, to describe Support Ring Runflat Tire sales channel, distributors, customers, research findings and conclusion.
Summary:
Get latest Market Research Reports on Support Ring Runflat Tire. Industry analysis & Market Report on Support Ring Runflat Tire is a syndicated market report, published as Global Support Ring Runflat Tire Market 2024 by Manufacturers, Regions, Type and Application, Forecast to 2030. It is complete Research Study and Industry Analysis of Support Ring Runflat Tire market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.