Europe Connected Tires Market industry, size, share, business, strategies, sales revenue and forecast 2029

 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: 

This study goes into great detail about demand projections, market trends, and micro and macro variables. The research also discusses the factors that are driving and restraining the Europe Connected Tires  market's growth. The SMR Matrix informs existing and prospective market participants about potential investment opportunities. To provide market insights, the research use analytical approaches such as Porter's five forces analysis and PESTLE of the Europe Connected Tires  Market. Furthermore, the study investigates current market trends as well as estimates for the years 2022-2029. The research also incorporates major impending developments that are predicted to have an impact on demand during the forecast period. The bottom-up approach was used to estimate market size to Europe Connected Tires Market.  

Europe Connected Tires  Market Overview: 

The study examines the Europe Connected Tires Market in depth, with a focus on market dynamics, competitive environment, geographical growth, segment-by-segment analysis, and key growth strategies. The market has been divided into four sections: region, X, X, and X. The report includes a thorough examination of the Europe Connected Tires  Market size and share as well as a wide number of industrial verticals.

Europe Connected Tires Market Size was valued at USD 0.65 Million in 2022. The Europe Connected Tires Market size is estimated to grow at a CAGR of 65 % over the forecast period.

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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 Competitors:

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 Analysis:

The geographical insights in the papers will keep readers up to date on the Europe Connected Tires  Market on a regional level. Any meaningful assessment of potential policy options in response to Market change requires a thorough understanding of local energy, economic, political, and geographic elements. The research offers readers regional perspectives on Europe Connected Tires  market and local growth possibilities, as well as domestic area restrictions.

  1. Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
  2. Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
  3. North America (the United States, Mexico, and Canada.)
  4. South America (Brazil etc.)
  5. The Middle East and Africa (GCC Countries and Egypt.)

Key Questions answered in the Europe Connected Tires Market Report are:

  • What are the current trends that may negatively impact the Europe Connected Tires market?
  • How will the major segments of this international Europe Connected Tires  Will the market develop over the next few years?
  • Who are the major players that are expected to dominate the Europe Connected Tires  market in the future?
  • What is the growth forecast for Europe Connected Tires market?
  • Which region is expected to hold the largest Europe Connected Tires market share?

For More Information About This Research Please Visit :https://www.stellarmr.com/report/req_sample/Europe-Connected-Tires-Market/911 

About Stellar Market Research

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

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sales@stellarmr.com   

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