By application type, the global automotive run-flat tire market is segmented into transportation & logistics, military & defense, agriculture, construction, and others. The self-supporting tire is mostly used in passenger vehicles owing to the rising need for run-flat tire among the consumers who travel a long distance. A self-supporting run-flat tire segment is anticipated to dominate the market during the forecast period owing to rising sales of passenger vehicles. By technology type, the global automotive run-flat tire market is segmented into a self-supporting and support ring system. The global automotive run-flat tire market has been segmented into run-flat tire type, application type, vehicle type, and region. Some of the major companies that are present in the automotive run-flat tire market include Bridgestone Corporation, Continental AG, Michelin, The Goodyear Tire & Rubber Company, Pirelli & C.S.p.A., Apollo Tires Ltd., CEAT Ltd., China National Tire & Rubber Co., Ltd., Cooper Tire & Rubber Co., Ltd., Giti Tire, Hangzhou Zhongce Rubber Co., Ltd., Hankook Tire, JK Tire & Industries Ltd., Kumho Tire Co., Inc., Nexen Tire Corporation, Nokian Tires plc, Qingdao Fullrun Tire Corp., Ltd., Sumitomo Rubber Industries, Ltd., Toyo Tire & Rubber Co., Ltd., and Yokohoma Tire Corporation among the other players. Key Players Covered in the Automotive Run Flat Tire Market: ![]() The high cost of run-flat tires compared to standard tires of the vehicles is expected to hamper the growth of the automotive run-flat tire market over the forecast period. The sale of passenger cars is directly depended on economic conditions owing to fluctuation in GDP growth, exchange rates, and changes in government policies. Increasing production and sales of vehicles is anticipated to boost the automotive run-flat tire market during the forecast period.
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