Zeropressure Tires Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0186062
  • Format: Electronic (PDF)
  • Number of Pages: 187
  • Author(s): Joshi, Madhavi

Report Overview

The Zeropressure Tires Market size was estimated at USD 1.8 billion in 2023 and is projected to reach USD 2.9 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.80% during the forecast period (2024-2030).

Zeropressure Tires Market

(Market Size)
$1.8 billion
$2.9 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 6.80%
2023 Market Size USD 1.8 billion
2030 Market Size USD 2.9 billion
Key Players Michelin, Bridgestone, Goodyear, Continental, Pirelli

Market Summary

The zeropressure tires market is a specialized segment within the automotive and transportation industry, focused on tires designed to maintain functionality even after a loss of air pressure. These tires, also known as run-flat tires, are engineered with reinforced sidewalls that can support the vehicle's weight for a limited distance and at a reduced speed following a puncture. This technology significantly enhances driver safety by mitigating the risks associated with sudden tire failure, such as loss of vehicle control. The market is primarily driven by the automotive OEM sector, where these tires are offered as standard or optional equipment on various passenger cars and light commercial vehicles. The aftermarket segment also represents a considerable portion of the demand, catering to vehicle owners seeking to upgrade their safety features. The technological evolution in this market is continuous, with leading tire manufacturers investing heavily in research and development to improve the durability, ride comfort, and overall performance of zeropressure tires. The market's dynamics are closely tied to global automotive production trends, consumer awareness regarding vehicle safety, and stringent regulatory standards mandating advanced safety features in vehicles.

Key Highlights

The zeropressure tires market is characterized by several key highlights that underscore its importance and trajectory. A primary highlight is the intrinsic safety benefit, which remains the core value proposition driving adoption across consumer and fleet vehicle segments. The technology allows a vehicle to be driven for a specified distance, typically up to 50 miles at a speed of 50 mph, after a complete loss of air pressure, providing drivers with the critical time needed to reach a safe location for service. Another significant highlight is the elimination of the need for a conventional spare tire, which allows automakers to save weight and free up valuable space, often used for increased cargo capacity or for housing alternative powertrain components in electric and hybrid vehicles. The integration of Tire Pressure Monitoring Systems (TPMS) is virtually mandatory with zeropressure tires, creating a synergistic market relationship. Furthermore, the market is witnessing a trend towards the development of next-generation run-flat technologies that aim to address historical drawbacks, such as a stiffer ride and higher cost, thereby expanding their appeal to a broader range of vehicle models and price points.

Drivers, Opportunities & Restraints

The growth of the zeropressure tires market is propelled by a confluence of drivers, while also facing specific restraints and presenting future opportunities. The most potent driver is the escalating global focus on automotive safety, reinforced by regulatory bodies and consumer advocacy groups. Government regulations in various regions are increasingly encouraging or mandating features that enhance occupant safety, indirectly promoting technologies like run-flat tires. The rising production of premium and luxury vehicles, where such features are standard, further fuels market growth. A significant opportunity lies in the expanding electric vehicle (EV) market. The weight-saving and space-efficient attributes of zeropressure systems are highly compatible with EV design priorities, presenting a substantial growth avenue for tire manufacturers. However, the market is restrained by several factors. The higher initial cost of zeropressure tires compared to conventional tires remains a barrier to widespread adoption, particularly in price-sensitive markets. Additionally, the requirement for specialized equipment and technician training for proper installation and repair can limit aftermarket penetration and increase long-term ownership costs, potentially deterring some consumers.

Concentration Insights

The competitive landscape of the zeropressure tires market is highly concentrated, dominated by a handful of established global tire giants. These leading players possess extensive research and development capabilities, robust manufacturing infrastructures, and strong brand equity, which are critical for competing in this technology-intensive segment. Companies such as Bridgestone Corporation, Michelin, The Goodyear Tire & Rubber Company, and Continental AG collectively command a significant share of the market. Their dominance is reinforced by long-standing supply agreements with major automotive OEMs, who rely on their technological expertise and consistent quality for factory-fitment. The market concentration is further evidenced by the high barriers to entry, which include the substantial capital investment required for R&D, the complexity of the manufacturing process, and the necessity of achieving stringent automotive industry certifications. While the market is concentrated, competition among these top players is fierce, focusing on technological innovation, product performance enhancements, and expanding their OEM partnership portfolios to secure a competitive advantage.

Type Insights

Zeropressure tires are categorized primarily based on their internal support system technology. The two predominant types are self-supporting systems and support ring systems. Self-supporting run-flat tires are the most common type available in the market. These tires feature reinforced sidewalls that are substantially thicker and stronger than those of standard tires. When air pressure is lost, these reinforced sidewalls are designed to support the vehicle's weight without deforming catastrophically, allowing continued operation for a limited range. The second type, the support ring system, involves a rigid ring that is attached to the wheel rim. In the event of a pressure loss, the tire deflates onto this ring, which then bears the vehicle's load. Each type presents distinct advantages and trade-offs. Self-supporting tires offer convenience and are more widely adopted by OEMs, but they can impart a slightly harsher ride quality due to their stiffer construction. Support ring systems can often provide a ride quality closer to that of a conventional tire but may involve more complex assembly and potentially higher costs. The choice between types is influenced by vehicle design, performance targets, and cost considerations.

Application Insights

The application of zeropressure tires spans across the passenger cars and light commercial vehicles segments, with the former accounting for the largest share of demand. Within passenger cars, adoption is highest in the premium sedan, luxury SUV, and high-performance sports car segments. These vehicle categories prioritize advanced safety features and technological innovation, making run-flat tires a compelling offering. Furthermore, the design benefits of eliminating a spare tire align with the packaging and weight-saving goals of modern vehicle platforms. The light commercial vehicle segment represents a growing application area, particularly for vehicles used in critical services, security, and fleet operations where downtime due to a flat tire is highly disruptive and costly. The ability to continue driving to a destination or a service center after a puncture enhances operational efficiency and reliability for business users. While the technology is less prevalent in heavy commercial vehicles and two-wheelers due to different load and design requirements, ongoing research may open new application avenues in the future, expanding the market's scope beyond its current primary domains.

Regional Insights

The demand for zeropressure tires exhibits distinct regional patterns, influenced by factors such as automotive production, regulatory environments, and consumer preferences. Europe represents a leading market, driven by a strong automotive manufacturing base, particularly in Germany for premium vehicles, and a high consumer awareness of safety technologies. Stringent safety norms proposed by the European Union also contribute to the region's prominence. North America is another significant market, with demand bolstered by the presence of a large luxury vehicle segment and a robust aftermarket industry. The Asia-Pacific region is anticipated to witness the most substantial growth rate during the forecast period. This growth is fueled by the expanding production and sales of automobiles, rising disposable incomes, and an increasing inclination towards vehicles equipped with advanced safety features in countries like China, Japan, and South Korea. Emerging economies are gradually becoming more receptive to this technology as awareness spreads and the premium vehicle segment expands, though cost sensitivity remains a moderating factor in these regions.

Company Insights

The zeropressure tires market is defined by the strategic activities of its key players, who focus on innovation, expansion, and partnerships to strengthen their market positions. Bridgestone Corporation is a pioneer and leader, with its proprietary run-flat technology featured on numerous vehicle models. The company continuously invests in advancing its product line to improve comfort and longevity. Michelin is another dominant force, known for its PAX system and other run-flat technologies that emphasize safety and performance. The Goodyear Tire & Rubber Company offers its RunOnFlat technology, which is equipped on vehicles from various OEMs and is recognized for its extended mobility capabilities. Continental AG provides its ContiSeal and SSR (Self-Supporting Runflat) technologies, focusing on sealing punctures and supporting the vehicle after air loss. Other notable players include Pirelli & C. S.p.A., known for its high-performance run-flat tires, and Hankook Tire & Technology Co., Ltd., which is expanding its presence in this segment. These companies compete not only on product performance but also on their ability to secure and maintain strategic OEM supply contracts, which are crucial for volume sales.

Recent Developments

The zeropressure tires market is dynamic, with recent developments centered on technological refinement, sustainability, and strategic corporate movements. A key trend is the ongoing R&D aimed at overcoming traditional drawbacks associated with run-flat tires. Manufacturers are developing new compound formulations and internal structures to enhance ride comfort, reduce rolling resistance for better fuel efficiency, and increase the overall lifespan of the tire. The integration of smart technology is another area of focus, with developments aimed at creating tires that can communicate real-time pressure and tread wear data more accurately to the vehicle's onboard computer. In terms of corporate strategy, there have been expansions in manufacturing capacities, particularly in the Asia-Pacific region, to cater to the growing local demand and supply global OEMs. Furthermore, collaborations between tire manufacturers and automotive OEMs have intensified to co-develop next-generation run-flat solutions tailored for new vehicle platforms, especially electric vehicles, where weight and space savings are paramount. These developments indicate a market that is actively evolving to meet future automotive trends and consumer expectations.

Report Segmentation

This comprehensive report on the zeropressure tires market provides a detailed analysis segmented across multiple dimensions to offer a granular understanding of the industry landscape. The segmentation is primarily based on type, categorizing the market into self-supporting and support ring systems, analyzing the adoption, technological nuances, and market share of each. The application segmentation delves into the demand dynamics across passenger cars and light commercial vehicles, providing insights into which vehicle categories are driving growth. Geographically, the report is segmented into key regions including North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa, with further country-level analysis for major markets within these regions. This regional segmentation highlights growth hotspots, regulatory impacts, and competitive landscapes specific to each area. Furthermore, the report includes a detailed company profile section, offering an in-depth analysis of the key market players, their product portfolios, market strategies, and recent developments. This multi-faceted segmentation allows stakeholders to identify specific growth opportunities, understand competitive intensity, and make informed strategic decisions based on a thorough analysis of each market segment.

FAQs

What are zeropressure tires?

Zeropressure tires, commonly known as run-flat tires, are specially engineered tires designed to allow a vehicle to continue being driven for a limited distance after a puncture or complete loss of air pressure. This capability is achieved through reinforced sidewalls that support the vehicle's weight temporarily.

How do run-flat tires work?

Run-flat tires work by incorporating a strengthened internal structure, typically immensely reinforced sidewalls. In the event of air pressure loss, these rigid sidewalls prevent the tire from collapsing and deforming, enabling the driver to maintain control and travel to a safe location for service without needing an immediate roadside tire change.

Can you repair a run-flat tire?

Repairing a run-flat tire is possible but highly conditional and often not recommended by manufacturers. The repair feasibility depends on the extent of damage, the distance driven while flat, and the specific tire model. Most manufacturers and experts advise replacement over repair to ensure continued safety and performance integrity, as driving on a deflated tire can cause internal damage that is not always visible.

How long can you drive on a run-flat tire?

The operational range after a pressure loss is typically limited to approximately 50 miles at a maximum speed of 50 miles per hour. This distance is intended to provide sufficient range to reach a service station or a safe location. It is crucial to adhere strictly to the manufacturer's specified limits to avoid compromising vehicle safety and causing irreparable damage to the tire and wheel assembly.

Do you need a special wheel for run-flat tires?

Yes, run-flat tires generally require specific wheels designed to accommodate their unique characteristics. These wheels are engineered to securely hold the bead of the run-flat tire, especially under zero-pressure conditions, and are often designed with specific humps or features to prevent the tire from dislodging from the rim. It is essential to use wheels that are certified by the tire manufacturer for compatibility.

What are the disadvantages of run-flat tires?

The primary disadvantages of run-flat tires include a higher initial purchase cost compared to standard tires, a potentially firmer ride quality due to the reinforced sidewalls, and limited repairability. Furthermore, vehicle owners may face higher replacement costs, and availability in remote areas can sometimes be less than that of conventional tires. The requirement for a Tire Pressure Monitoring System also adds to the overall cost.

Citius Research has developed a research report titled “Zeropressure Tires Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Zeropressure Tires Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Zeropressure Tires Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Zeropressure Tires Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Zeropressure Tires Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Zeropressure Tires Market
• Research Methodology
• Executive Summary
• Market Dynamics of Zeropressure Tires Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Zeropressure Tires Market
• Cost and Gross Margin Analysis of Zeropressure Tires Market
• Zeropressure Tires Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Zeropressure Tires Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Zeropressure Tires Market Key Stakeholders

Below are the key stakeholders for the Zeropressure Tires Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Zeropressure Tires Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Zeropressure Tires Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Zeropressure Tires Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Zeropressure Tires Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Zeropressure Tires Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Zeropressure Tires Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Zeropressure Tires Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Zeropressure Tires Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Zeropressure Tires Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Zeropressure Tires Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Zeropressure Tires Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Zeropressure Tires Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Zeropressure Tires Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Zeropressure Tires Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Zeropressure Tires Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Zeropressure Tires Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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