Connected Tires Drivers, Ongoing Trends, Challenges, Top Companies & Forecast 2023-2028
The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28.
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Global Connected Tires Market Driver
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.
What Does Our Research Report Consist of?
MarkNtel Advisors aims to provide stakeholders with accurately curated research report. Whether global, regional, or national, we focus on expanding geographies and areas of expertise to provide a clear picture of the market. Our recently published report on the “Connected Tires” is a comprehensive study of the industry, providing unbiased information and statistics. Every significant industry-related topic is covered in the study. By providing accurate data and statistics, it offers a comprehensive image and prognosis of the industry. The market analysis tracks all recent breakthroughs & developments made by current manufacturers or developers, focuses on potential end-users, and highlights any obstacles that might hinder the market’s growth.
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Period & Statistics:
Historical Period: 2018-21
Forecast Years: 2023-28
Understanding the Competitive Landscape:
As the market is characterized by the presence of numerous competitors that provide creative & profitable solutions supporting the sector’s development, we thoroughly assess all top and emerging competitors by considering market share, gain, sales, product/service portfolio, and other important elements.
- Bridgestone Tires
- Michelin Tires
- Goodyear Tire and Rubber Company
- Continental AG
- Pirelli
- Sumitomo Tires
- Hankook Tires
- Nokian Tyres
- Yokohama Tires
- Others
Let’s Travel to the Diverse Market Regions
Our qualified researchers & analysts use all their skills to provide a detailed picture of every region/nation, such as:
By Region
-North America
-South America
-Europe
-Asia-Pacific
-The Middle East and Africa
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What are the Significant Connected Tires Segmentations?
We provide a fully-fledged assessment of each segment and its sub-segments to help our clients understand the Connected Tires . To assist our valued clients, we focus on discovering the primary drivers that are and would shape the industry’s expansion. Delve into to know about the fragmentations:
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)
Key Questions Addressed in the Connected Tires Research Report:
- What is the estimated size, share, and CAGR of the Connected Tires during the forecast period?
- What key trends are projected to impact the Connected Tires from 2023 to 28?
- Which segments and sub-segments are considered in the Connected Tires research study?
- Who are the key stakeholders and players in the Connected Tires?
- What is the anticipated demand for different types of products/services in the Connected Tires through 2023-28?
About us –
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 15 diverse industrial verticals.
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