Connected Tire Market Revenue tops Estimates | Eyes Robust Growth Rate Ahead

A Latest intelligence report published by MR Forecast with title "Global Connected Tire Market Outlook to 2032. A detailed study accumulated to offer Latest insights about acute features of the Connected Tire market. This report provides a detailed overview of key factors in the Global Connected Tire Market and factors such as driver, restraint, past and current trends, regulatory scenarios and technology development.

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Definition: The Connected Tire Marketsize was valued at USD 0.75 USD Billion in 2023 and is projected to reach USD 0.95 USD Billion by 2032, exhibiting a CAGR of 3.5 % during the forecast period. A connected tire on the other hand is a vehicular tire that is embedded with sensors and communication technology that facilitates the transfer of live information. Such tires can record factors like pressure and temperature as well as the tread depth and then relay it to a central system or even the owner's smartphone. The following are some of the categories of connected tires; Tires with sensors and external monitoring devices. Some of them are Real-Time Alerts when there is a need to service the automobile, a safer way of managing tires, and recovering data for analyzing the performance of the automobile. Some of the uses of connected tires consist of; fleet management for corporate, consumer car, and performance racing with a focus on car handling. Concerning the benefits of their technology, they are; it can lower maintenance expenses, avoid mishaps, and enhance the efficiency of automobiles.

Major Players in This Report Include:
Michelin (France), Pirelli & C. S.p.A. (Italy), Goodyear Tire & Rubber Company (U.S.), Continental AG (Germany), Bridgestone Corporation (Japan), Nokian Tyres plc (Finland), Trelleborg AB (Sweden), Sumitomo Rubber Industries, Ltd (Japan), JK Tyres (India), Toyo Tires (Japan).

Global Connected Tire the manufacturing cost structure analysis of the market is based on the core chain structure, engineering process, raw materials and suppliers. The manufacturing plant has been developed for market needs and new technology development. In addition, Global Connected Tire Market attractiveness according to country, end-user, and other measures is also provided, permitting the reader to gauge the most useful or commercial areas for investments. The study also provides special chapter designed (qualitative) to highlights issues faced by industry players in their production cycle and supply chain.

The Global Connected Tire Market segments and Market Data Break Down are illuminated below: Vehicle Type: Passenger Cars and Commercial Vehicles, Rim Size: 12" - 17, 18" - 21, and More than 22.

Market Drivers:
Increasing Demand for Forged Products in Power, Agriculture, Aerospace, and Defense to Drive Industry Expansion

Market Trend:
Rising Adoption of Automation in Manufacturing to Drive Market Growth

Restrains:
High Cost of Connected Tire Along with Risk of Data Theft to Hamper Technology Adoption

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Geographically World Global Connected Tire markets can be classified as North America, Europe, Asia Pacific (APAC), Middle East and Africa and Latin America. North America has gained a leading position in the global market and is expected to remain in place for years to come. The growing demand for Global Connected Tire markets will drive growth in the North American market over the next few years.

In the last section of the report, the companies responsible for increasing the sales in the Global Connected Tire Market have been presented. These companies have been analyzed in terms of their manufacturing base, basic information, and competitors. In addition, the application and product type introduced by each of these companies also form a key part of this section of the report. The recent enhancements that took place in the global market and their influence on the future growth of the market have also been presented through this study.

Report Highlights:
• Comprehensive overview of parent market & substitute market
• In-depth market segmentation (Trends, Growth with Historical & Forecast Analysis)
• Recent industry trends and development activity
• Competitive landscape (Heat Map Analysis for Emerging Players & Market Share Analysis for Major Players along with detailed Profiles)

Strategic Points Covered in Table of Content of Global Connected Tire Market:
Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Connected Tire market
Chapter 2: Exclusive Summary - the basic information of the Connected Tire Market.
Chapter 3: Changing Impact on Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Connected Tire;
Chapter 4: Presenting the Connected Tire Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country 2019-2024
Chapter 6: Evaluating the leading manufacturers of the Connected Tire market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions (2024-2032)
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Key questions answered
• Who are the Leading key players and what are their Key Business plans in the Global Connected Tire market?
• What are the key concerns of the five forces analysis of the Global Connected Tire market?
• What are different prospects and threats faced by the dealers in the Global Connected Tire market?
• What possible measures players are taking to overcome and stabilize the situation?

Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, Middle East, Africa, Europe or LATAM, Asia.

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