Global Commercial Vehicle Run-flat Tire Inserts Market to Reach $350.8 Million by 2030
The global market for Commercial Vehicle Run-flat Tire Inserts estimated at US$324.5 Million in the year 2023, is expected to reach US$350.8 Million by 2030, growing at a CAGR of 1.1% over the analysis period 2023-2030. Transportation & Logistics Application, one of the segments analyzed in the report, is expected to record a 1.3% CAGR and reach US$77 Million by the end of the analysis period. Growth in the Military & Defense Application segment is estimated at 1.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $86.8 Million, While China is Forecast to Grow at 2.3% CAGR
The Commercial Vehicle Run-flat Tire Inserts market in the U.S. is estimated at US$86.8 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$67.4 Million by the year 2030 trailing a CAGR of 2.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0% and 0.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 0.1% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$47.1 Million by the year 2030.
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