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Published Date: 2017-07-27Number of Pages: 130

Commercial Vehicle Run-flat Tire Inserts Market (Type - 17 inch, 18 inch, 19 inch, 20 inch, 22 inch, 23 inch, and 24 inch; Application - Transportation & Logistics, Military & Defense, Agricultural, Manufacturing, and Construction) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Global Commercial Vehicle Run-flat Tire Inserts Market: Snapshot

Keen players in the global commercial vehicle run-flat tire inserts market are striving to offer differentiator products and to add innovative technology to their products. This makes the market highly competitive in terms of use of advanced material for the manufacture of run-flat tire inserts. The presence of a large number of small unorganized players that offer competitive pricing is also a key factor for competition in this market.

The primary factor driving the global commercial vehicle run-flat tire inserts market is the increasing need to boost the safety of military and border patrol vehicles and the need to prevent them from breaking in adverse and emergency conditions. Furthermore, increasing terrorism threat has compelled OEMs to equip military and security unit vehicles with run-flat tire inserts that add to vehicular safety.

As per a report by Transparency Market Research, the global commercial vehicle run-flat tire inserts market is anticipated to rise at a CAR of 2.1% from 2017 to 2025. If the figure holds true, the market which was worth US$308.1 mn in 2016 is predicted to reach a valuation of US$372.0 mn by 2025.

commercial vehicle run flat tire inserts market

Advantage of Enhanced Vehicular Safety Leads to Growth of Military and Defense Application Segment

The key type segments of the global commercial vehicle run-flat tire inserts market are 17 inch, 18 inch, 19 inch, 20 inch, 22 inch, 23 inch, 24 inch, and others. The segment of 20 inch type is leading as it has wide application area and is used by majority of military and defense vehicles. The segment is expected to hold on to its lead position over the forecast period.

Application segments of the global commercial vehicle run-flat tire inserts market include transportation and logistics, military and defense, agricultural, manufacturing, construction, and others. Of them, the segment of military and defense led the commercial vehicle run-flat tire inserts market in 2016 and is expected to hold on to its dominant position over the forecast period. This is mainly because run-flat tire inserts are increasingly being used in military vehicles due to the uninterrupted movement they provide in emergency situations. The strong need to equip vehicles used for military services with run-flat tire inserts is stoking growth of military and defense application segment.

Advancement of Military and Security Divisions Favor Growth of Asia Pacific Market

By geography, the global commercial vehicle run-flat tire inserts market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and South America. North America led the commercial vehicle run-flat tire inserts market in 2016. The growth drivers of the North America commercial vehicle run-flat tire inserts market include advancements of military and security units and large scale investment for equipping military vehicles in the U.S. with run-flat inserts.

Europe stood as the second-leading regional market for commercial vehicle run-flat tire inserts vis-à-vis revenue in 2016.

Asia Pacific is expected to display rapid growth with a CAGR of 2.7% between 2017 and 2025. This is mainly owing to rapid penetration of run-flat tire inserts in military and defense, manufacturing, and transportation applications. Several governments in the region are increasing their budget or military and security units, which is expected to provide good opportunities to the commercial vehicle run-flat tire inserts market.

The Middle East and Africa and South America are expected to emerge as key markets for commercial vehicle run-flat tire inserts over the forecast period.

Some key companies in the global commercial vehicle run-flat tire inserts market include Hutchinson Industries Inc., RunFlat International, TAC Run Flat Tire Systems, Bulldog Direct Protective Systems Inc., Briscoe Technologies Lasco International Group, Mas Makina Metal Ltd., Terra Track, and Runflat CBR.

Global Commercial Vehicle Run-flat Tire Inserts Market: Overview

This report on the Global commercial vehicle run-flat tire inserts market provides analysis for the period from 2015 to 2025, wherein 2016 is the base year and the years from 2017 to 2025 are the forecast period. Data for 2015 has been included as historical information. The report highlights the various drivers, restraints, and opportunities expected to influence the market’s growth during the forecast period. The study provides a holistic perspective on market growth throughout the forecast period in terms of revenue estimates (in US$ Mn) and volume estimated (in thousand units) across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA).

Commercial vehicle run-flat tire inserts market takes into account the revenue generated from the sale of commercial vehicle run-flat tire inserts and provides the volume in terms of units sold covers sales to both automobile OEM and replacement. The study provides the details about factors aiding the growth of commercial vehicle run-flat tire inserts market. The demand for run-flat tire inserts is increasing significantly across various application segments. The report further gives details about the various factors that are expected to support the expansion of commercial vehicle run-flat tire inserts market.

This report shows market attractiveness analysis for all the segments and for all the geographies in the scope of study which identifies and compares segments attractiveness on the basis of CAGR and market share index. The report also includes historical roadmap for all major manufactures of commercial vehicle run-flat tire inserts. Porter Five Forces Analysis and Value Chain Analysis are also included in the report.

Global Commercial Vehicle Run-flat Tire Inserts Market: Market Segmentation

This research report provides detailed analysis of the global commercial vehicle run-flat tire inserts market on the basis of types based on diameter of rim. The commercial vehicle run-flat tire inserts market is segmented on basis of types into 17 inch, 18 inch, 19 inch, 20 inch, 22 inch, 23 inch, 24 inch, and others.

This research report provides in-depth analysis of the global commercial vehicle run-flat tire inserts market on the basis of application. The commercial vehicle run-flat tire inserts market is segmented on basis of application into Transportation & Logistics, Military & Defense, Agricultural, Manufacturing, Construction, and Others (Healthcare and Municipal).

In terms of geographical regions, the report segments the commercial vehicle run-flat tire inserts market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America, with each region market size further detailed at country level for select markets. All the regions and countries are analyzed in terms of revenue and volume generation. The report provides cross-sectional analysis of the global commercial vehicle run-flat tire inserts market in terms of market estimates and forecasts for all segments across different geographical regions and countries. The countries included into the report are North America – the U.S., Canada; Europe – the U.K., Germany, France; Asia Pacific – India, Japan, China; Middle East & Africa (MEA) – GCC, South Africa; and South America – Brazil, Argentina.

Global Commercial Vehicle Run-flat Tire Inserts Market: Competitive Landscape

The report includes competitive profiling of major players engaged in manufacturing of commercial vehicle run-flat tire inserts. The major business strategies adopted by these players, their market positioning, and business overview has also been provided in the research report. This report also provides competition landscape which includes market share analysis of major players in the commercial vehicle run-flat tire inserts market. The report includes R&D investment by leading players into the commercial vehicle run-flat tire inserts market.

Some of the major players profiled in the report include Hutchinson Industries, Inc., Rodgard (Subsidiary of Hutchinson Industries, Inc.), RunFlat International, TAC Run Flat Tire Systems, Bulldog Direct Protective Systems Inc., Briscoe Technologies Lasco International Group, Mas Makina Metal Ltd., Terra Track, and Runflat CBR, etc.

The Global Commercial Vehicle Run-flat Tire Inserts Market has been segmented as follows:

Commercial Vehicle Run-flat Tire Inserts Market: By Type (Size)

  • 17 inch
  • 18 inch
  • 19 inch
  • 20 inch
  • 22 inch
  • 23 inch
  • 24 inch
  • Others

Commercial Vehicle Run-flat Tire Inserts Market: By Application

  • Transportation & Logistics
  • Military & Defense
  • Agricultural
  • Manufacturing
  • Construction
  • Others (Healthcare and Municipal)

Commercial Vehicle Run-flat Tire Inserts Market: By Geography

  • North America
    • The U.S.
    • Canada
    • Rest of North America
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • India
    • Japan
    • China
    • Rest of Asia Pacific
  • Middle East and Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East and Africa
  • South America
    • Brazil
    • Argentina
    • Rest of South America


 
 
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