MarkNtel Advisors recently published a detailed industry analysis of the Connected Tires Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.
Insights and Analysis of the Connected Tires Market (2023-2028)
The Global Connected Tires Market is projected to grow at a CAGR of around 64.3% during the forecast period, i.e., 2023-28.
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What is driving the Connected Tires market?
Ever-Increasing Emphasis on Vehicle Safety & Performance - Connected tires offer various benefits that improve safety, enhance vehicle performance, and provide real-time monitoring of tire pressure, temperature, & tread wear, which allows drivers to receive alerts & warnings regarding potential tire-related issues. It, in turn, reduces the risk of accidents caused by underinflated or worn-out tires. They further help maintain optimal tire pressure, maximize fuel efficiency, & enhance overall vehicle performance. Hence, with the rising cases of road accidents worldwide, there's a growing emphasis on vehicle & passenger safety, which is driving the Global Connected Tires Market.
What segments define the Connected Tires market from 2023 to 2028? How do these segments contribute to market dynamics and growth?
By Type of Vehicle
(Passenger Vehicles, Commercial Vehicles)
By Rim Size
(12”-17”, 17.1”-22”, More than 22”)
By Demand Type
(OEMs, Aftermarket)
Region
(North America, South America, Europe, Asia-Pacific, The Middle East and Africa)
Explore the Complete Connected Tires Market Analysis Report – https://www.marknteladvisors.com/research-library/connected-tires-market.html
Who are the leading key players shaping the Connected Tires Market landscape?
Bridgestone Tires, Michelin Tires, Goodyear Tire and Rubber Company, Continental AG, Pirelli, Sumitomo Tires, Hankook Tires, Nokian Tyres, Yokohama Tires, Toyo Tires, Zhongce Rubber, Kumho Tire, Trelleborg AB, MRF Tyres, JK Tyres and Others
Questions Addressed in this Study
1.What factors are driving the Connected Tires Market growth?
2.How is the Connected Tires Market expected to grow over the next five years?
3.What are the key insights into the current trends in the Connected Tires Market?
4.What is the current size of the Connected Tires Market, and how is it projected to change in the future?
6.What is the future outlook for the Connected Tires Market in terms of technological advancements and market expansion?
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