Global Smart Tire Market (2019-2025) | Size, Automotive, Tyre, Growth, Share, Forecast, Revenue, Trends, Analysis, industry & Outlook

Market Forecast By Technologies (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Regions (North America, Latin America, Europe, Asia Pacific, and Rest of World), Key Countries and Competitive Landscape

Product Code: ETC000633 Publication Date: Aug 2022 Product Type: Report
Publisher: 6Wresearch No. of Pages: 300 No. of Figures: 90 No. of Tables: 30

Latest 2022 Developments:

Global Smart Tire Market is witnessing innovation as on 18 Dec 2019, Bridgestone Corporation announced the development of technology that can predict wheel axle load and tyre wear by using sensors present in the tires. Continental tires introduced advanced sensors which will not only keep track of pressure and air but also notify of potential damage, low tread, and changes in temperature indicating risky driving conditions. These tires are being innovated to improve fuel efficiency also. JK Tyres has introduced smart tires for EV vehicles which are equipped with features such as Low Noise Emission, Low Rolling Resistance, and Superior Wet Traction to ensure an environmentally-friendly driving experience.

JK has recently developed the complete range of EV Specific Smart Radial Tires for all categories of buses, Passenger cars, and LCVs. JK has developed this technology in order to meet the specific needs of EVs and ensures ultra-low rolling resistance, superior wet and dry traction, high durability, and low energy consumption.

Mergers And Acquisition:

  • On 08 Aug 2019, JK Tyre acquired TREEL Mobility.
  • On 02 Aug 2021, Bridgestone agreed to purchase Azuga Holdings.

Previous Release:

Global smart Tyre market report thoroughly covers the market by vehicle type, technology, distribution channels, and regions including North America, Latin America, Europe, Asia Pacific, and the Rest of the World, and by key countries. The Global smart Tire Industry Outlook report provides an unbiased and detailed analysis of the ongoing global smart Tire market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Smart Tire Market offers certain key features such as information on pressure and temperature of Tire, condition of roads, wear and tear data and load statistics. Further, smart Tires are equipped with IoT-enabled sensors and a rubber layer which helps in the overall vehicle management process. 

Surging investment in research and development of smart tires is driving the growth of the industry. Increasing innovation of smart tires by the manufacturers coupled with adaptability to perform less wear and tear is proliferating the development of the market. Moreover, the rising integration of smart features along with advancements in technology is adding to the Smart Tire Market Share.  Growing usage of AI in smart tires is also accelerating the development of the market. Surging disposable income coupled with improvement in the standard of living is driving the demand for luxury cars which is further leading to the growth in the market.

According to 6Wresearch, the Global smart tire market size is projected to witness considerable growth during 2019-2025. The Tire manufacturers are taking initiatives to promote the adoption of smart Tire over existing traditional Tire. With the decline in prices of smart Tires, the demand is anticipated to increase. Further, as the market for connected vehicles is rising considerably the penetration of smart Tires is projected to increase over the coming years. Additionally, the government of several countries has introduced mandates for passenger and commercial vehicles to have Tire pressure monitoring systems (TPMS). 

Global Smart Tire Market is antiquated to find its true potential underpinned by an increase in the manufacturing of connected cars concurrently increasing the development of the smart tires with the rising artificial intelligence in the developed and developing regions which are further estimated to boost the growth of the smart tire market. Moreover, the rising number of the upper-middle-class population globally who afford to purchase connected vehicles which are equipped with sensor-based technologies and provide salient features like offering greater grip facility during rain and great stopping power to ensure fewer road accidents, is expected to act as a growth driving factor for the smart tire market globally in the forthcoming years.

Market Analysis By Vehicle Types

The passenger vehicle segment dominates the overall Global Smart Tire Market share, based on vehicle types. 

Market Analysis By Region

In terms of regions, Europe and North America would remain the key revenue-generating regions. Europe is the key region generating demand for the smart Tire market owing to the fast adoption of new technologies in the region, followed by the North America region. 

Market Analysis By Technology

Based on technology, Pneumatics Tire acquired the leading share in the market revenues pie owing to the low pricing as compared to the non-pneumatic Tire.

Key players in the Market

Some of the key players in the Global Smart Tire Market are:

  • Continental AG
  • Bridgestone Corporation
  • Michelin
  • The Goodyear Tire & Rubber Co.
  • Pirelli & C. S.p.A
  • The Yokohama Rubber Company, Limited
  • Hankook Tire & Technology Co., Ltd.
  • Nokian Tyres Plc.
  • Toyo Tire Corporation
  • Sumitomo Rubber Industries, Ltd.
  • JK Tyres & Industries Ltd., 

Key Attractiveness of the Report

  • 10 Years Market Numbers.
  • Historical Data Starting from 2015 to 2018.
  • Base Year: 2018.
  • Forecast Data until 2025.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report:

  • Global Smart Tire Market Overview
  • Global Smart Tire Industry Outlook
  • Global Smart Tire Market Forecast
  • Historical Data of Global Smart Tire Market Revenues for the Period 2015-2018
  • Global Smart Tire Market Size and Global Smart Tire Market Forecast of Revenues, Until 2025
  • Historical Data of Global Smart Tire Market Revenues, by Vehicle Type, for the Period 2015-2018
  • Market Size & Forecast of Global Smart Tire Market Revenues, by Vehicle Type, until 2025
  • Historical Data of Global Smart Tire Market Revenues, by Technology Type, for the Period 2015-2018
  • Market Size & Forecast of Global Smart Tire Market Revenues, by Technology Type, until 2025
  • Historical Data of Global Smart Tire Market Revenues, by Distribution Channels, for the Period 2015-2018.
  • Market Size & Forecast of Global Smart Tire Market Revenues, by Distribution Channels, until 2025
  • Historical Data of North America Smart Tire Market Revenues, for the Period 2015-2018.
  • Market Size & Forecast of North America Smart Tire Market Revenues, until 2025.
  • Historical Data of Europe Smart Tire Market Revenues, for the Period 2015-2018.
  • Market Size & Forecast of Europe Smart Tire Market Revenues, until 2025.
  • Historical Data of Asia Pacific Smart Tire Market Revenues, for the Period 2015-2018.
  • Market Size & Forecast of Asia Pacific Smart Tire Market Revenues, until 2025.
  • Historical Data of Rest of the World Smart Tire Market Revenues, for the Period 2015-2018.
  • Market Size & Forecast of Rest of the World Smart Tire Market Revenues, until 2025.
  • Market Drivers and Restraints
  • Global Smart Tire Market Trends and Industry Life Cycle
  • Porter’s Five Force Analysis 
  • Market Opportunity Assessment
  • Global Smart Tire Market Share, By Players
  • Global Smart Tire Market Overview on Competitive Benchmarking
  • Company Profiles 
  • Key Strategic Recommendations

Markets Covered

The Global smart Tire market report provides a detailed analysis of the following market segments:

By Technologies

  • Pneumatics Tires
  • Non- Pneumatics Tires

By Vehicle Types:

  • Passenger Vehicles
  • Commercial Vehicles

By Distribution Channels:

  • OEM
  • Aftermarket

By Regions:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Rest of World
Frequently Asked Questions About the Market Study: FAQs

1). Which segment based on vehicle types dominates the overall Global Smart Tire Market?

The passenger vehicle segment dominates the overall Global Smart Tire Market share.

2). Which region is generating key demand for the smart tire market?

Europe is the key region generating demand for the smart Tire market. 

3). Which segment based on technology acquired the leading share in overall market revenue?

Based on technology, Pneumatics Tire acquired the leading share in market revenues.

4). Which factor is driving the growth of the Smart Tire Market?

The rising number of the upper-middle-class population globally who afford to purchase connected vehicles which are equipped with sensor-based technologies and provide salient features like offering greater grip facility during rain and great stopping power to ensure fewer road accidents, this is expected to act as a growth driving factor for the smart tire market globally in the forthcoming years.

5). What is the study period for the Global Smart Tire Market?

The study period of the report is 2019-2025.

1. Executive Summary
2. Introduction
2.1 Report Description
2.2 Key Highlights of The Report
2.3 Market Scope & Segmentation
2.4 Research Methodology
2.5 Assumptions
3. Global Smart Tire Market Overview
3.1 Global Smart Tire Market Revenues & Volume, 2015-2025F
3.2 Global Smart Tire Market Revenue Share, By Technology, 2018 & 2025F
3.3 Global Smart Tire Market Revenue Share, By Vehicle Types, 2018 & 2025F
3.4 Global Smart Tire Market Revenue Share, By Distribution Channel, 2018 & 2025F
3.5 Global Smart Tire Market Revenue Share, By Regions, 2018 & 2025F
3.6 Global Smart Tire Market Industry Life Cycle
3.7 Global Smart Tire Market- Porter’s Five Forces, 2018
4. Global Smart Tire Market Dynamics
4.1 Impact Analysis
4.2 Market Drivers
4.3 Market Restraints
5. Global Smart Tire Market Trends
6. North America Smart Tire Market Overview
6.1 North America Smart Tire Market Revenues & Volume, 2015-2025F 
6.2 North America Smart Tire Market Revenues & Volume, By Technology, 2015-2025F
6.3 North America Smart Tire Market Revenues & Volume, By Vehicle Types, 2015-2025F
6.4 North America Smart Tire Market Revenues & Volume, By Distribution Channel, 2015-2025F
6.5 North America Smart Tire Market Revenues & Volume, By Countries, 2015-2025F
7. Latin America Smart Tire Market Overview
7.1 Latin America Smart Tire Market Revenues & Volume, 2015-2025F 
7.2 Latin America Smart Tire Market Revenues & Volume, By Technology, 2015-2025F
7.3 Latin America Smart Tire Market Revenues & Volume, By Vehicle Types, 2015-2025F
7.4 Latin America Smart Tire Market Revenues & Volume, By Distribution Channel, 2015-2025F
7.5 Latin America Smart Tire Market Revenues & Volume, By Countries, 2015-2025F
8. Europe Smart Tire Market Overview
8.1 Europe Smart Tire Market Revenues & Volume, 2015-2025F
8.2 Europe Smart Tire Market Revenues & Volume, By Technology, 2015-2025F
8.3 Europe Smart Tire Market Revenues & Volume, By Vehicle Types, 2015-2025F
8.4 Europe Smart Tire Market Revenues & Volume, By Distribution Channel, 2015-2025F
8.5 Europe Smart Tire Market Revenues & Volume, By Countries, 2015-2025F
9. Asia Pacific Smart Tire Market Overview
9.1 Asia Pacific Smart Tire Market Revenues & Volume, 2015-2025F 
9.2 Asia Pacific Smart Tire Market Revenues & Volume, By Technology, 2015-2025F
9.3 Asia Pacific Smart Tire Market Revenues & Volume, By Vehicle Types, 2015-2025F
9.4 Asia Pacific Smart Tire Market Revenues & Volume, By Distribution Channel, 2015-2025F
9.5 Asia Pacific Smart Tire Market Revenues & Volume, By Countries, 2015-2025F
10. ROW Smart Tire Market Overview
10.1 ROW Smart Tire Market Revenues & Volume, 2015-2025F 
11. Global Smart Tire Market Opportunity Assessment,
11.1 Global Smart Tire Market Opportunity Assessment, By Technology, 2025F
11.2 Global Smart Tire Market Opportunity Assessment, By Vehicle Types, 2025F
11.3 Global Smart Tire Market Opportunity Assessment, By Distribution Channel, 2025F
11.4 Global Smart Tire Market Opportunity Assessment, By Regions, 2025F
12. Global Smart Tire Market Competitive Landscape 
12.1 Global Smart Tire Market Revenue Share, By Companies, 2018
12.1.1 North America Smart Tire Market Revenue Share, By Companies, 2018
12.1.2 Latin America Smart Tire Market Revenue Share, By Companies, 2018
12.1.3 Europe Smart Tire Market Revenue Share, By Companies, 2018
12.1.4 Asia-Pacific Smart Tire Market Revenue Share, By Companies, 2018
12.1.5 Middle East & Africa Smart Tire Market Revenue Share, By Companies, 2018
12.2 Global Smart Tire Market Competitive Benchmarking, By Operating Parameters
13. Company Profiles
14. Strategic Recommendations
15. Disclaimer

Middle East & Africa Smart Tire Market (2019-2025): Market Forecast By Tire Types (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Countries (UAE, Saudi Arabia, Turkey, Qatar, South Africa and Rest of the Region) and Competitive Landscape

Europe Smart Tire Market (2019-2025): Market Forecast By Tire Types (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Countries (Germany, Italy, France, United Kingdom and Rest of Europe) and Competitive Landscape

Asia Pacific Smart Tire Market (2019-2025): Market Forecast By Tire Types (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand and Rest of APAC) and Competitive Landscape

North America Smart Tire Market (2019-2025): Market Forecast By Tire Types (Pneumatics Tires and Non- Pneumatics Tires), By Vehicle Types (Passenger Vehicles and Commercial Vehicles), By Distribution Channels (OEM and Aftermarket), By Countries (the United States, Canada and Rest of North America (Panama, Cuba, Costa Rica, Dominic Republic, and others) and Competitive Landscape

Southeast Asia Tire Market (2018-2024): Market Forecast By Tire Types (Radial and Bias), By End Markets (OEM and Replacement), By Vehicle Types (Passenger Vehicles, Commercial Vehicles, and Two and Three Wheeler Vehicles), By Countries (Indonesia, Malaysia, Singapore, Thailand, Philippines, Vietnam, Myanmar, Cambodia and Rest of the Southeast Asia Region) and Competitive Landscape

Philippines Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers )) and Competitive Landscape

Indonesia Tire Market (2019-2025): Market Forecast By Origin (Local Manufacturing and Imports), By Types (Radial and Bias), By Vehicle Types (Trucks (Radial and Bias), Light Trucks (Radial and Bias), Passenger Cars and Two-Wheelers)) and Competitive Landscape

India Two-Wheeler Tire Market (2019-2025): Market Forecast By Vehicle Types (Scooter Tire, Underbone/Moped Tire, Motorcycle (Upto 250cc) and Motorcycle (Above 250cc), By Tire Types (Radial Tire (Motorcycle Radial and Scooter Radial), Bias Tire (Motorcycle Bias and Scooter Bias)), By End User Market (OEM and Replacement), By Rim Size (Motorcycle Rim (16 Inch, 17 Inch, 18 Inch, and 19 Inch), Scooter Rim (10 Inch and 12 Inch)), By Regions (Eastern, Western, Northern and Southern) and Competitive Landscape

 
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