Consumers benefit from connected tyres since they are equipped with sensors that make driving safer and more convenient. The sensors capture vital data and information that can be utilised to calculate vertical load in automobiles. The connected Tyre transmits data to the car’s infotainment system via sensors, enabling access to information such as Tyre pressure, operational condition, and Tyre life. The primary roles of the connected tyre are to monitor, assess, and display data.
Europe Connected Tires Market Report Scope and Research Methodology:
The Europe Connected Tires The industry report’s major goal is to provide stakeholders with a detailed analysis of the industry in simple terms. Market study was conducted by segmenting the Europe Connected Tires market into different segments.These key market segments were subsequently subdivided into several sub-segments. The study provides a complete analysis of the Europe Connected Tires industry’s drivers, opportunities, restrictions, and challenges by region and segment. The market study includes historical data, insightful insights, facts, and scientifically backed and industry-validated market figures, as well as estimates based on an appropriate set of assumptions and techniques.
The data for the Europe Connected Tires market study was acquired using primary and secondary research methods, and the data was collated and analysed to produce reliable and error-free findings. The secondary research comprises a review of prominent players’ annual and financial reports, while the main research involves interviews with key opinion leaders and Europe Connected Tires industry specialists such as competent front-line people, entrepreneurs, and marketing professionals. The bottom-up approach was used to estimate the Europe Connected Tires market size. The SWOT analysis was used to offer the Europe Connected Tires Market’s strengths and weaknesses, while the PESTLE and PORTER analyses were used to provide the effects of macroeconomic and microeconomic factors on the worldwide Europe Connected Tires Market.
Europe Connected Tires Market Report Overview:
The research includes the most recent revenue and trends in the Europe Connected Tires Market. It contains a market overview, definition, structure, as well as preventative and planned management. The research focuses on the elements that have a positive and negative impact on the Europe Connected Tires Market. It also aids in assessing the Europe Connected Tires Market’s future potential in the predicted years. The study assists in making market-entry decisions and understanding the Europe Connected Tires industry’s context.
Europe Connected Tires Market Size was valued at USD 0.24 Million in 2021. The Europe Connected Tires Market size is estimated to grow at a CAGR of 65.5 % over the forecast period.
Click For Sample Report:https://www.stellarmr.com/report/req_sample/Europe-Connected-Tires-Market/911
Europe Connected Tires Market Dynamics:
Market Drivers: The market is predicted to increase as more current technology in vehicles, such as tyre pressure monitoring systems, temperature control systems, and other systems that prevent vehicle breakdowns, are deployed. Furthermore, the increased installation of various sensors in automotive tyres, which allows for real-time data analysis for vehicle users, is expected to boost market expansion. Furthermore, leading Tyre manufacturers are investing in technological advancements such as B-Tag systems, which monitor and transmit Tyre pressure and temperature, as well as intelligence and machine learning in-vehicle Tyres such as rim management and tread detection systems, which aid in Tyre performance tracking. As a result, the increased adoption of novel features in vehicles is projected to boost market expansion.
Europe Connected Tires Market Segmentation:
The 18″-21″ rim size category is predicted to develop significantly over the forecast period. Increased sales of automobiles with rim widths ranging from 18″ to 21″ have supported the segment’s rise. Furthermore, because these wheels are commonly seen in luxury vehicles, segment expansion is being fueled by rising demand for luxury automobiles with greater amenities.
The “greater than 22” industry is predicted to increase at the second-fastest rate between 2021 and 2027. Increased adoption of big rim widths in automobiles is expected to boost segment growth by improving vehicle handling, traction, braking, and other qualities. Furthermore, the market is expected to grow as the development and deployment of linked technologies in automobiles intensifies.
By way of example, During the projection period, the use of connected tyres in passenger vehicles is expected to expand. This is due to rising consumer spending power and increased demand for vehicle and human safety as a result of higher road accidents, explicit Tyre performance, and Tyre service life. This factor, together with growing passenger car registrations and sales around the world, has fueled the expansion of the connected Tyre industry. For example, approximately 55 million passenger automobiles were sold in 2016, with 57 million units sold in 2021. The increased use of passenger cars is likely to generate significant growth opportunities for the connected Tyre market, which will be supported by macro factors such as the availability of financial services, rising living standards, and improved customer purchasing power.
Europe Connected Tires Market Key Players:
Michlin (France)
Continental AG (Germany)
Bridgestone Corp (Russia)
Nokian Tires (Russia)
Pirelli Tires (Russia)
Victoria (Italy)
Zenises (UK)
Trellborg (Sweden)
Europe Connected Tires Market Regional Insights:
Geographically, the report is divided into several key countries, with Europe Connected Tires market size, growth rate, import and export of Europe Connected Tires market in these countries, which cover North America, the United States, Canada, Mexico, Europe, the United Kingdom, Germany, France, Spain, Italy, the Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, the Rest of APAC, South America, Brazil, and the Middle East and Africa.
Key Questions answered in the Europe Connected Tires Market Report are:
- Which segment held the largest share in the Europe Connected Tires market?
- Which are the key factors driving the Europe Connected Tires market growth?
- Which region holds the maximum share in the Europe Connected Tires market?
- What is the expected CAGR of the Europe Connected Tires market during the forecast period?
- Who are the major players in the Europe Connected Tires market?
- What key trends are expected to emerge in the Europe Connected Tires market in the coming years?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segments with their sub-segments and region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
For More Information About This Research Please Visit :https://www.stellarmr.com/report/req_sample/Europe-Connected-Tires-Market/911
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
Contact Stellar Market Research
S.no.8, h.no. 4-8 Pl.7/4, Kothrud,
Pinnac Memories Fl. No. 3, Kothrud,
Pune, Maharashtra, 411029
+91 20 6630 3320 +91 960736565
Related Report Link:
https://bdnews55.com/2023/06/30/asia-pacific-under-vehicle-surveillance-market-industry-analysis-size-share-growth-segmentation-and-forecast-2027/
https://bdnews55.com/2023/06/30/europe-boat-rental-market-opportunities-growth-factors-end-users-regions-and-forecast-2029/
https://bdnews55.com/2023/06/30/asia-pacific-connected-tires-market-share-development-and-strategy-2027/
https://bdnews55.com/2023/06/30/rechargeable-poly-lithium-ion-battery-market-opportunities-developments-growth-factors-and-forecast-2029/
https://bdnews55.com/2023/06/30/singapore-silicone-market-industry-size-leading-players-trends-and-forecast-2027/
