Europe Connected Tires Market 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.
Connected Tires help consumers since they are fitted with sensors that make driving safer and more convenient. The sensors collect important data and information that can be used to compute the vertical load in cars. Through sensors, the connected Tire delivers data to the car's infotainment system, allowing access to information such as Tire pressure, operational condition, and Tire life. The connected tire's major functions are to monitor, assess, and show data.
Europe Connected Tires Market Scope:
Personal customer service, high quality, adaptability to individual needs, attractive cycling infrastructure and routes have been identified as the three most important success factors for sharing a bike from a tourism perspective. Experts interviewed as part of the survey emphasized particularly focused service and customer relationships to be able to offer individually tailored offers. The possibility of one-way rental of cycling from A to B is also becoming more and more important to customers.
Europe Connected Tires Market Overview:
The SMR Europe Connected Tires Market report examines the historical and projected expansion of the upstream, midstream, and downstream industries. The overall market size, overall revenue, and market segmentation are all covered in great detail in the market study. The SMR research thoroughly considers a variety of factors, such as current market competition, potential growth hurdles, and profiles of important manufacturers, production and consumption by relevant areas, among others.
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Europe Connected Tires Market Drivers:
The market is expected to grow because of the increasing deployment of modern technologies in vehicles such as Tire pressure monitoring systems, temperature control systems, and other systems that avoid vehicle breakdowns. Furthermore, increased installation of various sensors in automobile Tires, which enable real-time data analysis for vehicle users, is likely to drive market growth.
Europe Connected Tires Market Segmentation:
During the years 2021-2027, the "greater than 22" sector is expected to grow at the second-fastest rate. Increased use of large rim widths in cars is expected to support segment growth by improving handling, traction, braking, and other vehicle characteristics. Furthermore, as the development and deployment of connected technology in automobiles accelerates, the market is likely to rise.
Key Players:
Michlin (France)
Continental AG (Germany)
Bridgestone Corp (Russia)
Nokian Tires (Russia)
Pirelli Tires (Russia)
Victoria (Italy)
Zenises (UK)
Trellborg (Sweden)
The SMR report also provides data on the leading players in the global Europe Connected Tires market, such as company profiles, product images and specifications, figures on output and capacity, pricing and cost information, revenue information, and contact information. It is looked at what is needed in terms of raw materials, machinery, and upstream and downstream procedures.
Europe Connected Tires Market Regional Analysis:
The Middle East and Africa, South America, North America, Asia Pacific, and Europe are the market's five geographical regions. The market sub-segments and important geographic divisions are all presented by Stellar Market Research. In this SMR report, we investigate regional evolution in relation to market size, share, and volume. In-depth analysis of business chain structures, opportunities, and the most recent market news is provided in this Stellar Market Research Europe Connected Tires industry report in addition to data, geographic breakdowns, and revenue.
Key Questions answered in the Europe Connected Tires Market Report are:
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In 2018, Stellar Market Research, an organisation based in India, was founded. Its area of expertise is long-term planning and consulting services to help clients meet their organisational transformation goals.
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Dec 01, 2022