Comprehensive Research Report on Global Connected Tires Market Trends 2023-2028
What is the size of the Connected Tires Market?
The GlobalConnected Tires Marketis projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28. Reputable research company Markntel Advisors has conducted a thorough analysis of the Connected Tires market, taking into account a variety of factors including current developments, trade laws, import-export analysis, production trends, changes in market laws, value chain optimisation, and market share insights. The study is precisely organised, with well-defined sections, chapters, and sub-categories that make it easy for readers to navigate.
The Connected Tires Market Report also emphasises the importance of domestic and regional market players, developing revenue streams, strategic analysis of market growth, product approvals, the introduction of novel offerings, geographic expansions, and technological advancements. This report's main goal is to give readers a thorough understanding of the market while highlighting the unique characteristics, contributing factors, and other components that can potentially limit market growth.
Market Drivers:
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.
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What specific aspects are encompassed by the segmentation of the Connected Tires Market?
The market segments that make up the Connected Tires market are very diverse. These segments, which cover variations, trends, and market strategies, are precisely defined and clearly discussed. This all-inclusive strategy provides stakeholders with the crucial knowledge needed to take well-informed decisions and fully comprehend the market. The following segments make up the market:
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)
By Region
-North America
-South America
-Europe
-Asia-Pacific
-The Middle East and Africa
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Who are the key participants in the Connected Tires Market?
- Bridgestone Tires
- Michelin Tires
- Goodyear Tire and Rubber Company
- Continental AG
- Pirelli
- Sumitomo Tires
- Hankook Tires
- Nokian Tyres
- Yokohama Tires
- Telleborg AB
- MRF Tyres
- JK Tyres
- Others
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- The study on the Connected Tires market offers a full and in-depth analysis of the industry's size, growth rate, competitive environment, and main players. Businesses can acquire a complete picture of the market dynamics and make wise decisions with the aid of this thorough analysis.
- This research also examines current market trends and forecasts for the future, enabling companies to see new opportunities and potential pitfalls. Companies can synchronise their plans and beat the competition by comprehending market forecasts.
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About us
MarkNtel Advisors is a leading research, 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.
Using such information, our clients can identify attractive investment opportunities strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
We understand the mounting diverse needs of our clients. Hence, our analysts focus on emerging industries to provide services that fulfill their assessment of the current future industry potential, identify white spaces hotspots, venture into new geographies or business segments in the future.
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