Automotive Tire Analytics Market Estimated to be Driven by Innovation and Industrialization by 2019-2027
Automotive Tire Analytics market research study in brief
The business intelligence study for the Automotive Tire Analytics market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches.
Additionally, the Automotive Tire Analytics market study puts forth a rigid basis for collecting a cluster of insights that potential customers can use to enhance their revenues and reduce costs. The illustration of data on Automotive Tire Analytics market segmentation by type, application, and geography offers a critical viewpoint of, what manufacturers are eyeing for the stipulated timeframe, 2019 – 2026.
This article will help the Automotive Tire Analytics vendors understand the volume expansion outlook with impacting trends.
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All of the segments covered in the research study are examined on the basis of BPS, market share, revenue, and other crucial factors. Our business study presents how various segments are adding to the growth of the global Automotive Tire Analytics market. It also offers information on key trends with regards to the segments studied in the report. This supports market players to focus on promising regions of the global Automotive Tire Analytics market. The research study also delivers independent analysis on the segments as per absolute dollar opportunity.
Implementation of norms that mandate tire analytics for vehicle safety
Governing bodies and authorities working for the development of vehicles and improvement of driving conditions for drivers and passengers are enacting stringent norms on vehicle manufacturers to improve safety features in their vehicles. Tire analytics is a safety solution that helps in tire maintenance and replacement. A series of vehicle accidents caused due to bad tires in the early 2000s prompted legislators in the U.S. to include tire maintenance system/ solution as part of its TREAD Act legislation, which was intended to address growing driver safety concerns. Presently, in the U. S., all new vehicles are provided with tire analytics. According to United Nations regulation UNECE-R64, countries and sub-regions in Europe adopted a legislation about tire maintenance system, such as tire analytics, for new vehicle models, which began from the end of 2012, and also for all vehicles from November 2014, primarily for environmental reasons.
Increase in safety standards and rising concern about vehicle safety
Systems that provides safety and ADAS are currently equipped with key modules such as cameras, electronic control unit (ECU), and sensors. Such safety systems inspect the condition of the road and alert drivers about probable risks, thereby helping avoid accidents. In developed countries, there has been rise in consumers who choose more advanced safety modules, such as stability control and cruise control, tire pressure monitoring system, and tire analytic solution.
Introduction of tire analytics by vehicle associations
Consumers are availing the solution for the vehicle from associations providing the service at local level, which is much cheaper than the service provided by OEMs. This, in turn, is likely to boost the automotive tire analytics market.
Rising vehicle miles driven increases the frequency of tires maintenance. This, in turn, is likely to boost the automotive tire analytics market.
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Automotive Tire Analytics Market Segmentation
Based on sales channel, the automotive tire analytics market can be bifurcated into:
Based on vehicle type, the automotive tire analytics market can be classified into:
- Passenger Vehicle
- Commercial Vehicle
- Light Commercial Vehicle
- Heavy Commercial Vehicle
- Bus & Coaches
The report on automotive tire analytics market is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The automotive tire analytics market report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The automotive tire analytics market report also maps the qualitative impact of various market factors on market segments and geographies.
Regional analysis for automotive tire analytics market includes:
- North America
- Latin America
- Asia Pacific
- Middle East & Africa
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in Market Dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the market
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
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The research attempts to answer many queries such as:
- What aspects do the customers look for while purchasing Automotive Tire Analytics ?
- Who is buying your product or service globally at present?
- Who are your critical competitors?
- How will the competitive scenario look like between the forecast period 2018 to 2025?
- What will be the cost of the products and facilities across different regions?
- What are the trends impacting the performance of the Automotive Tire Analytics market?
- What issues will vendors running the Automotive Tire Analytics market confront?
- What needs are the leading manufacturers trying to meet by the forecast period 2025?
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