Automotive Smart Tire Market is expected to grow at a CAGR of 6.2% throughout the forecast period, to reach US$ 132.22 Bn. by 2029.
Automotive Smart Tire Market outlook by 2029, Latest Drivers, Opportunities, Key Trends, And Key Companies.
Using 2021 as the base year and the forecast period of 2022 to 2029, the market size for Automotive Smart Tire is evaluated in this report. The market for Automotive Smart Tire is expected to increase by millions of dollars by 2029 compared to 2021, according to this research. Over the next seven years, the CAGR in terms of revenue for the Automotive Smart Tire market will surge.
Maximize Market Research (MMR), a major leader of business research and consulting services, estimates that the overall global market for Automotive Smart Tire is expected to grow at a CAGR of 6.2% throughout the forecast period, to reach US$ 132.22 Bn. by 2029.
In-depth information on the market's size, cost and revenue, developments, growth, and potential are all covered in the market research report for Automotive Smart Tire, along with a forecast for the years up to 2029. The primary driving forces for this market's growth are also thoroughly examined. The market has been thoroughly quantitatively analysed in this report, which provides details for developing strategies to increase growth and efficiency.
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Automotive Smart Tire Market Overview:
The Automotive Smart Tire market decides all of the research for the business firm and also provides the most recent drivers, restraints, and opportunities for the Automotive Smart Tire market. The outcomes are then confirmed through conversations with top businessmen. Both paid and open-source data bases are used in the secondary inquiry and analysis of the same. The official government archives, third-party records, and, in the case of publicly listed firms, the company's financial reports are where information on each player's supply and consumption is acquired. Annual reports from businesses that do not make them available to the public can be obtained by contacting the local government's tax division.
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Automotive Smart Tire Market Key players:
• Continental AG
• Bridgestone Corporation
• Michelin
• The Goodyear Tire & Rubber Co
• Pirelli & C. S.p.A
• The Yokohama Rubber Company
Key company and market share insights:
In this section, the main competitors are highlighted to the users. This research examines the primary growth strategies these players adopt to keep control, such as product portfolio strengthening, mergers and acquisitions, collaborations, new product innovations, and regional growth. The report provides important financial data, as well as current affairs and company objectives. The readers can also get more information about the manufacturers' global sales, costs, and profits from 2017 through 2022.
Automotive Smart Tire Market Dynamics:
Automotive Smart Tire gives features like pressure information, temperature reading of tire, road condition, wear & tear data of tire. Moreover, these automotive smart tires are IoT sensors enabled. This information helps in managing vehicle and enhances the tire performance. These features of tires may vary according to manufactures preference.
Proper Smart Tire pressure leads to safer vehicle and the Smart Tire also improve fuel efficiency of vehicle. This system can assist in ADAS (Advance Driver Assistance System) and ensures safety and maintenance.
In 1990, hundreds of deaths occurred due to car rollovers, this is well known as Firestone recall, this event cause US to form a new TREAD law. This act mandated to use Tire pressure monitoring system in all small & medium segment Vehicles. This law is mandatory on all Light Moving Vehicle sold after September 1, 2007.
Automotive Smart Tire Market Segmentation:
Automotive Smart Tire Market, by Technologies
• Pneumatics Tires
• Non-Pneumatics Tires
Automotive Smart Tire Market, by End User
• Passenger Vehicles
• Commercial Vehicles
Automotive Smart Tire Market Regional Analysis:
Automotive Smart Tire Market Country Level Analysis:
The Maximize Market Research (MMR) Automotive Smart Tire market report includes data on the United States, Canada, and Mexico in North America, Germany, Italy, the United Kingdom, France, Spain, the Netherlands, Belgium, Switzerland, Russia, and the rest of Europe in Europe. It also includes information on Japan, China, India, South Korea, Australia, Thailand, Indonesia, Philippines, and the rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Chile, and the rest of South America as parts of South America, as well as the United Arab Emirates, Saudi Arabia, Egypt, South Africa, and the rest of the Middle East and Africa (MEA) as parts of the Middle East and Africa (MEA).
Important Features of the Reports:
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Maximize Market Research provides B2B and B2C research on 12,500 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Bever
Nov 24, 2022
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