Automotive Intelligent Tires Market Size to Grow by $ 13.39 bn During 2021-2025

Technavio has been monitoring the automotive intelligent tires market and it is expected to grow by $ 13.39 bn, accelerating at a CAGR of almost 42% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking

Automotive Intelligent Tires Market: Receive Free Sample Report

Automotive Intelligent Tires Market: Europe to lead market growth during the forecast period

• 39% of the market growth will originate from Europe during the forecast period.
• Preferable use of intelligent tires in platooning systems will be a key trend that will influence market growth significantly.
• The Increasing need for safe tires will be a significant factor in driving the growth of the automotive intelligent tires market.

Automotive Intelligent Tires Market: Key Competitors

The market is concentrated. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Bridgestone Corp., Continental AG, Hankook Tire & Technology Co. Ltd., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., Toyo Tire Corp., and Yokohama Rubber Co. Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

For more insights on this market: Download a Free Sample Report

Automotive Intelligent Tires Market: Key Highlights of the Report for 2021-2025

• CAGR of the market during the forecast period 2021-2025
• Detailed information on factors that will drive automotive intelligent tires market growth during the next five years
• Precise estimation of the automotive intelligent tires market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the automotive intelligent tires market industry across Europe, North America, APAC, South America, and MEA
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of automotive intelligent tires market vendors

The report provides insights into the following FAQs:

1. What is the market CAGR?
   The market is accelerate at a CAGR of almost 42%.
    
2. What is the incremental growth of the market?
   The market is expected to grow by $ 13.39 bn through 2021-2025.
    
3. What is a key factor driving this market?
   Increasing need for safe tires will drive market growth over the forecast period.
    
4. What are the key regions covered in this market research report?
   Europe, North America, APAC, South America, and MEA are the key regions featured in this research report.
    
5. Which is the leading geographic region for this market:
   39% growth will originate from Europe
    
6. Who are the leading market vendors?
   The leading vendors in this market are Bridgestone Corp., Continental AG, Hankook Tire & Technology Co. Ltd., Michelin Group, Nokian Tyres Plc, Pirelli Tyre Spa, Sumitomo Rubber Industries Ltd., The Goodyear Tire & Rubber Co., Toyo Tire Corp., and Yokohama Rubber Co. Ltd.
    
7. What are the market segments covered in this report?
   The market is segmented by Application (Commercial vehicles and Passenger cars) and Geography (Europe, North America, APAC, South America, and MEA)