Global Connected Tires Market Insights Report Overview
The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28.
Our report offers a thorough examination of the global landscape, providing valuable data, impartial analysis, and strategic insights to drive informed decision-making.
Report’s Study Period:
- Historical Period: 2018-21
- Base Year: 2022
- Forecasting Period: 2023-28
We accurately gather data from primary and secondary sources, capturing the industry’s historical fluctuations and trends, including market dynamics, consumer behavior, manufacturing insights, and more. Leveraging this data alongside the base year information, we project the industry’s trajectory into the future.
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Industry Driving Factor:
Ever-Increasing Emphasis on Vehicle Safety & Performance –
Connected tires offer various benefits that improve safety, enhance vehicle performance, and provide real-time monitoring of tire pressure, temperature, & tread wear, which allows drivers to receive alerts & warnings regarding potential tire-related issues. It, in turn, reduces the risk of accidents caused by underinflated or worn-out tires. They further help maintain optimal tire pressure, maximize fuel efficiency, & enhance overall vehicle performance. Hence, with the rising cases of road accidents worldwide, there’s a growing emphasis on vehicle & passenger safety, which is driving the Global Connected Tires Market.
Segmentation Summary: Global Connected Tires Market
Our report delves into the intricate segmentation of the Connected Tires Market, providing insights into each subdivision’s trajectory, trends, and advancements. This analysis empowers stakeholders to navigate the industry landscape with precision, understanding the nuances of each segment.
By Type of Vehicle
-Passenger Vehicles – Market Size & Forecast 2018-2028, (Thousand Units)
-Commercial Vehicles – Market Size & Forecast 2018-2028, (Thousand Units)
By Rim Size
-12”-17”- Market Size & Forecast 2018-2028, (Thousand Units)
-17.1”-22”- Market Size & Forecast 2018-2028, (Thousand Units)
-More than 22”- Market Size & Forecast 2018-2028, (Thousand Units)
By Demand Type
-OEMs – Market Size & Forecast 2018-2028, (Thousand Units)
-Aftermarket – Market Size & Forecast 2018-2028, (Thousand Units)
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Leading Competitive: Global Connected Tires Market
- Bridgestone Tires
- Michelin Tires
- Goodyear Tire and Rubber Company
- Continental AG
- Pirelli
- Sumitomo Tires
- Hankook Tires
- Nokian Tyres
- Yokohama Tires
- Toyo Tires
- Others
Geographical Reach:
The Connected Tires market spans across various regions, each characterized by unique cultural, regulatory, and economic factors. Our regional analysis provides a comprehensive overview and forecast, considering these differences and assessing market players’ presence, consumer preferences, and more.
By Region
-North America
-South America
-Europe
-Asia-Pacific
-The Middle East and Africa
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Key Focus Areas:
- What are the primary drivers and trends influencing the Connected Tires market growth, and how is the market structured?
- How are segments within the Connected Tires market defined, and what is the size of each segment?
- Which segments and geographical regions present the most promising growth opportunities?
- What does the competitive landscape look like, and how do key players position themselves within the market?
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MarkNtel Advisors is a leading market research company, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 14.8 diverse industrial verticals.
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