COVID-19 Recovery Analysis: Automotive Intelligent Tires Market | Increasing Need for Safe Tires to boost Market Growth
September 14, 2020
Technavio has been monitoring the automotive intelligent tires market and it is poised to grow by USD 17.70 billion during 2020-2024, progressing at a CAGR of almost 54% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global Automotive Intelligent Tires Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. We offer $1000 worth of FREE customization
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Bridgestone Corp., Continental AG, Hankook Tire 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 positions in the slow-growing segments.
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The increasing need for safe tires has been instrumental in driving the growth of the market. However, the commercial viability of intelligent tires might hamper the market growth.
Technavio’s custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. Download a Free Sample Report on COVID-19 Impacts
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The automotive intelligent tires market report covers the following areas:
Automotive Intelligent Tires Market Size
Automotive Intelligent Tires Market Trends
Automotive Intelligent Tires Market Industry Analysis
This study identifies the preferable use of intelligent tires in platooning systems as one of the prime reasons driving the Automotive Intelligent Tires Market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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CAGR of the market during the forecast period 2020-2024
Detailed information on factors that will assist automotive intelligent tires market growth during the next five years
Estimation of the automotive intelligent tires market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the automotive intelligent tires market
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
Table of Contents:
Value chain analysis
Market segment analysis
Market size 2019
Market outlook: Forecast for 2019-2024
Five Forces Analysis
Five forces summary
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Commercial vehicles – Market size and forecast 2019-2024
Passenger cars – Market size and forecast 2019-2024
Market opportunity by Application
Europe – Market size and forecast 2019-2024
North America – Market size and forecast 2019-2024
APAC – Market size and forecast 2019-2024
South America – Market size and forecast 2019-2024
MEA – Market size and forecast 2019-2024
Key leading countries
Market opportunity by geography
Market positioning of vendors
Hankook Tire Co. Ltd.
Nokian Tyres Plc
Pirelli Tyre Spa
Sumitomo Rubber Industries Ltd.
THE GOODYEAR TIRE & RUBBER CO.
Toyo Tire Corp.
Yokohama Rubber Co. Ltd.
Scope of the report
Currency conversion rates for US$
List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200914005090/en/