The Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28. This comprehensive market research report has been recently released by Markntel Advisors, a prominent firm specializing in research, consulting, and data analytics, offering an extensive array of strategic reports across various industry sectors. The report systematically examines numerous factors that have significantly shaped the market dynamics in recent years.
Connected Tires Market Key Driver:
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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How Has the Connected Tires Market Been Divided?
In the report, we have conducted a thorough analysis of the market by breaking it down into various high-performing segments. We aim to clarify the factors that contribute to the success and increased market share of each segment. This analysis includes an examination of their significant impact on the Connected Tires market in terms of sales, expansion opportunities, job creation, and other vital factors. These components are categorized as follows:
Based on Type of Vehicle
- Passenger Vehicles - Market Size Forecast 2018-2028, (Thousand Units)
- Commercial Vehicles - Market Size Forecast 2018-2028, (Thousand Units)
Based on 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)
Based on Demand Type
- OEMs - Market Size Forecast 2018-2028, (Thousand Units)
- Aftermarket - Market Size Forecast 2018-2028, (Thousand Units)
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The report highlights Geographical
By Country
- North America
- South America
- Europe
- Middle East Africa
- Asia-Pacific
where the Connected Tires market is active to varying degrees. We place special emphasis on regions that have a predominant presence in the market, underlining their geographical significance in the context of the Connected Tires market.
Competitive Benchmarking
In the Connected Tires Market, prominent companies such Bridgestone Tires, Michelin Tires, Goodyear Tire and Rubber Company, Continental AG, Pirelli, Sumitomo Tires, Hankook Tires, Nokian Tyres, Yokohama Tires, Toyo Tires, Zhongce Rubber, Kumho Tire, Telleborg AB, MRF Tyres, JK Tyres, Others are subject to thorough evaluation. Each company within this industry undergoes scrutiny based on the value of their products, their capabilities, and other noteworthy attributes. Additionally, this study encompasses various mergers and acquisitions, as well as recent product launches by these firms, aimed at acquainting stakeholders with the prevailing market dynamics.
Some of the Key Questions Answered in this Report:
- What are the growth projections for the years 2023-2028?
- Which market factors will aid in developing client and business strategies?
- What are the critical market opportunities for each segment enlisted in the research report?
- What are the primary growth tactics used by the major market players?
Why You Should Choose MarkNtel Advisors for Your Market Research Needs:
Valuable Insights for Informed Decisions: Our reports offer valuable and current insights that can be easily turned into actions. Whether you're a company looking to launch a new venture or expand profitably, our reports will guide you towards success.
Numerous Benefits: Our analysis of the Connected Tires Market provides a wide range of advantages, including market research insights, comprehensive information, industry projections, and data trends.
In-Depth Analysis: Our Connected Tires Market report goes deep into various industries, expertly examining important market trends, consumer behavior, and competitive landscapes. Stakeholders can expect a wealth of insights to shape their business strategies.
Our approach facilitates the identification of rapidly expanding companies within the industry, scrutinizing their profound impact on the Connected Tires market in terms of sales, expansion, employment opportunities, and other pivotal aspects. Additionally, the report places particular emphasis on key components such as the regions where the market demonstrates varying levels of activity, with a specific focus on geographically dominant areas.
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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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