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:
Between 2022 and 2029, the industry for the Europe Connected Tires market is anticipated to develop at the fastest CAGR. Market approximations and estimations are provided in this study. This Stellar market research (SMR) study examines and analyses the trends, obstacles, and opportunities in the Europe Connected Tires Market. The purpose of this report is to provide a strategic overview of the Europe Connected Tires industry, including important submarket contributors, current growth trends, and future development projections. The SMR study includes a country-by-country segmentation as well as North America, Europe, Asia Pacific, the Middle East and Africa (MEA), and South America. Analyses of the major competitive advantages, market positions, and strategic preferences of main industry actors are examined. Profiles of the top participants in the market are also provided, together with details on their most recent competitive victories, investments, strategic goals, and competitive environment.
Europe Connected Tires Market Overview:
Most PBS users cover shorter distances (about 2 kilometers) by bicycle. Located on public transport hubs in poorly connected areas, the PBS system helps extend the reach of these services by providing first and last mile connections. In addition, the PBS system provides affordable transportation to a wide range of users through innovative pricing models such as long-term subscriptions.
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Europe Connected Tires Market Dynamics:
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. Furthermore, leading Tire manufacturers are investing in technology advancements such as B-Tag systems that monitor and transmit Tire pressure and temperature, as well as intelligence and machine learning in-vehicle Tires such as rim management and tread detection systems, which help track Tire performance.
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)
Europe Connected Tires Market Regional Analysis:
Europe, North America, Asia-Pacific, the Middle East and Africa, and South America are the five main geographic regions of the Europe Connected Tires market.
COVID-19 Impact Analysis on Europe Connected Tires Market:
COVID-19 has had an impact on the entire market, and when its effects are felt more widely in 2019 and 2020, they will also have an effect on the growth rate. In order to give trustworthy information and experiences to decision-makers, the COVID-19 problem is requiring businesses and organisations to manage risk and digitise operations. SMR's most recent research, opinions, and insights on the management challenges that matter most to businesses and organisations regarding the market support this.
Key Questions answered in the Europe Connected Tires Market Report are:
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About Stellar Market Research:
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Europe Connected Tires Market , Europe Motorized Quadricycle Market
Indian consultancy company Stellar Market Research was established in 2018. It is an expert in providing clients with long-term planning and consultancy services to aid in their organisational transformation objectives.
Europe Connected Tires Market , Europe Connected Tires Market Size , Europe Connected Tires Market Share , Europe Connected Tires Market Growth , Europe Connected Tires Market trends
Nov 28, 2022
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