Connected Tire Market Advance Technology, Future Guidelines, Key Players, Trends and New Innovations 2020-2027

(Global QYResearch via Comtex)

The “Connected Tire – Global Market Outlook (2020-2027)” report has been added to AcumenResearchAndConsulting.com’s offering.

The Global Connected Tire Market accounted for $0.28 million in 2020 and is expected to reach $38.63 million by 2027, growing at a CAGR of 73% during the forecast period.

Some of the key factors influencing the market growth include increased competition among tire manufacturers to offer unique solutions and rising trends of vehicle electrification and connected vehicles. However, cost barriers are restraining the market growth.

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In terms of vehicle, the passenger vehicles segment is anticipated to significant growth during the forecast period due to the high penetration of connected tires in exotic, luxury, and premium cars. The advent of shared mobility and ride-hailing services is expected to boost the adoption of connected tires in cars, and subsequently, boost the passenger vehicles segment.

By geography, North America is estimated to have a lucrative growth over the forecast period. High spending power of customers and higher sales of premium and luxury vehicles in the U.S. are expected to drive the connected tire market in North America.

The players profiled in the report include The Goodyear Tire & Rubber Co., Michelin, Continental AG, Pirelli & C. S.p.A., and The Yokohama Rubber Co., Ltd., Bridgestone Corporation, Hankook Tire, Sumitomo, Nokian, Toyo Tire & Rubber Co. Ltd., among others. The companies are involved in mergers and acquisitions and new product development for expanding their market share and also for gaining competitive advantages over its competitors.

What the report offers:

  • Market share assessments for the regional and country level segments
  • Strategic recommendations for the new entrants
  • Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
  • Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
  • Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

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About Us:

Acumen Research and Consulting (ARC) is a global provider of market intelligence and consulting services to information technology, investment, telecommunication, manufacturing, and consumer technology markets. ARC helps investment communities, IT professionals, and business executives to make fact based decisions on technology purchases and develop firm growth strategies to sustain market competition. With the team size of 100+ Analysts and collective industry experience of more than 200 years, Acumen Research and Consulting assures to deliver a combination of industry knowledge along with global and country level expertise.

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