Run-flat tires
are designed in such a way that they allow safe driving of the vehicle
for a specific distance even after a tire puncture. The vehicle cannot
be driven indefinitely with a run-flat tire; however, these tires enable
the driver to drive to a repair facility, thereby preventing a sudden
breakdown. Generally, a vehicle with run-flat tire can be driven up to
50 miles on loss of inflation pressure. However, this distance varies as
per automaker standards and tire range.
A tire puncture can lead to a serious
accident due to loss of steering control. Demand for improvement in
vehicle safety and minimization of the potential secondary accident risk
is driving the demand for run-flat tires. Run-flat tires have been
adopted as standard fitments by several automakers such as BMW,
Cadillac, and Mercedes Benz. Adoption of run-flat tires improves the
safety rating of the vehicle and hence, are being increasingly adopted
by automakers.
Rising demand for run-flat tires from
automakers to incorporate product differentiating features and improve
safety rating of the vehicle is driving the run-flat tire market.
Awareness about the hazards of a tire puncture is rising among
consumers. Run-flat tires enable the vehicle to be driven to the nearest
service center without having to be parked dead on the road while
waiting for assistance. Rising consumer demand and awareness is boosting
the demand for run-flat tires.
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The global run-flat tire market can be
segmented based on tire type, vehicle type, sales channel, and region.
Based on tire type, the run-flat tire market can be classified into
self-supporting type and support ring type. Self-supporting tires have a
reinforced sidewall that supports the tire, maintain its structure, and
bears the weight of the vehicle weight. Self-supporting run-flat tires
are extensively utilized and hence, the self-supporting type segment
accounts for a leading share of the market.
The support ring type run-flat tire
comprises a hard rubber ring inside the tire that supports the vehicle
weight in case of deflation due to puncture. A key advantage of the
support ring type run-flat tire is that is does not require replacement,
as is required in case of self-supporting type tire. However, the
wheels for the support ring type tires are unique, consumers thus have
to purchase wheels and tires, which has led to the low rate of adoption
of the support ring type tire.
In terms of vehicle type, the global
run-flat tire market can be classified into passenger vehicle, light
commercial vehicle, and heavy commercial vehicle. The passenger vehicle
segment held a notable share of the run-flat tire market, owing to the
adoption of run-flat tires in premium and luxury vehicles. Rising
awareness among commercial fleet operators about driving safety is
expected to boost the adoption of these tires in commercial vehicles,
thereby drive the run-flat tire market.
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