Market Summary
The Connected Tires Market is growing due to innovation, evolving demand, and industry shifts. This report offers insights into market size, value, trends, competitive analysis, and key company strategies. It supports strategic planning with data-driven forecasts and regional insights, helping stakeholders identify opportunities, assess performance, and navigate the changing landscape effectively.
Key Report Highlights:
- Market size and projections
- Recent strategic moves by companies
- Primary stakeholders
- Import and export trends
- Competitive landscape assessment
- Emerging opportunities
- Market trends and indicators
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Market size and projections
The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28.
Market Key Driver –
The growth of the market would be propelled mainly by the mounting focus on vehicle safety, the burgeoning adoption of CASE (Connected, Autonomous, Shared & Services) mobility, increasing cases of road accidents, and the globally growing emphasis on fuel efficiency & environmental sustainability.
Competitive Landscape:
The report profiles key players in the Connected Tires market, including:
- 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
These companies are adopting strategies such as mergers, acquisitions, and partnerships to strengthen their market position.
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Connected Tires Market Segmentation Analysis:
The market is segmented into the following categories:
- By Type of Vehicle
- Passenger Vehicles
- Commercial Vehicles
- By Rim Size
- 12”-17”
- 1”-22”
- More than 22”
- By Demand Type
- OEMs
- Aftermarket
Here, OEMs (Original Equipment Manufacturers) play a notable role in driving the adoption of connected tire technologies.
- By Region
- North America
- South America
- Europe
- Asia-Pacific
- The Middle East and Africa
Of all regions globally, North America & Europe have been witnessing significant growth in the Connected Tires Market.
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Key Questions Covered in the Report:
- What is the current size and value of the Connected Tires market?
- How is the Connected Tires market expected to grow by 2030?
- What key trends are shaping the future of the Connected Tires market?
- What factors are driving demand in the Connected Tires industry?
- Which regions show the strongest growth in the Connected Tires market?
- Who are the major players in the Connected Tires market and their strategies?
- What segments are leading revenue generation in the Connected Tires market?
- How are regulations influencing the Connected Tires market outlook?
- What are the major challenges facing the Connected Tires market?
- What new technologies are emerging in the Connected Tires industry?
- How is consumer behavior evolving in the Connected Tires market space?
- What opportunities exist for new entrants in the Connected Tires market?
- How does pricing vary across regions in the Connected Tires market?
- What investment trends are impacting the Connected Tires market growth?
- What is the forecasted CAGR for the Connected Tires market through 2030?
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