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Connected Tire Market Share

Report ID: GMI6131
Published Date: Jun 2023
Report Format: PDF

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Connected Tire Market Share

Some of the major players operating in the connected tire market are

Continental AG
Michelin
Bridgestone Corporation
The Goodyear Tire & Rubber Company
Pirelli & C. S.p.A.
Nokian Tyres plc
Sumitomo Rubber Industries Ltd.

These players focus on strategic partnerships, new product launches, and commercialization efforts for market expansion. Furthermore, they are also heavily investing in research to introduce innovative services and garner maximum revenue in the market.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

The market size for connected tire was valued at USD 8.7 million in 2022 and is anticipated to grow at a CAGR of over 45% between 2023 and 2032, backed by the demand from eco-conscious consumers and fleet operators.

The passenger car segment is expected to hold a market share of over 70% by 2032. As the number of passenger cars on the road continues to grow, the demand for advanced technologies such as connected tires will also witness growth.

Asia Pacific market for connected tire accounted for over 35% in 2022, owing to the increasing production of vehicles, and a shift toward sustainable mobility solutions.

Continental AG, Michelin, Bridgestone Corporation, The Goodyear Tire & Rubber Company, Pirelli & C. S.p.A., Nokian Tyres plc.