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Connected Tire - Global Market Outlook (2018-2027)

Connected Tire - Global Market Outlook (2018-2027)

4.0 (20 reviews)
Published: January 2020 ID: SMRC18709
4.0 (20 reviews)
Published: January 2020 ID: SMRC18709

This report covers the impact of COVID-19 on this global market

According to Stratistics MRC, the Global Connected Tire Market is accounted for $0.24 million in 2018 and is expected to reach $33.65 million by 2027 growing at a CAGR of 73.0% 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 market growth.

Connecting wires allows an electrical current to travel from one point on a circuit to another because electricity needs a medium through which it can move. Most of the connecting wires are made up of copper or aluminum. Copper is cheap and good conductivity.

In terms of vehicle, the passenger vehicle 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. The 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.

Some of the key players in the global Connected Tire market are Continental AG, Bridgestone Corporation, MICHELIN, Pirelli & C. S.p.A., and The Goodyear Tire & Rubber Company.

Vehicles Covered:
• Commercial Vehicles
• Passenger Vehicles

Rim Sizes Covered:
• >22’’
• 18’’-21’’
• 12’’-17’’

Applications Covered:
• Aftermarket
• OEMs(Original Equipment Manufacturers)

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan       
o China       
o India       
o Australia 
o New Zealand     
o South Korea      
o Rest of Asia Pacific   
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our 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

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

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