Published: 28 Feb 2023 | Report Code: 10248944 | Pages: 149
Europe automotive smart tire market was valued at $20,691.9 million in 2022 and will grow by 7.3% annually over 2022-2030, driven by the escalating demand for electric vehicle to curb the GHG gas emission, the rapid emergence and advancement of autonomous and connected vehicles, as well as the increasing adoption of artificial intelligence (AI) and 5G networks. Highlighted with 75 tables and 67 figures, this 149 page report “Europe Automotive Smart Tire Market 2022-2030 by Product (Connected Tire, Intelligent Tire/TPMS), Engineering Technology (Pneumatic, Run-Flat, Non-Pneumatic), Vehicle Type (Commercial, Passenger), Vehicle Propulsion (Conventional, EV), Distribution Channel (OEMs, Aftermarket), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire Europe automotive smart tire market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2022 and provides forecast from 2023 till 2030 with 2022 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.) In-depth qualitative analyses include identification and investigation of the following aspects: • Market Structure • Growth Drivers • Restraints and Challenges • Emerging Product Trends & Market Opportunities • Porter’s Fiver Forces The trend and outlook of Europe market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify Europe automotive smart tire market in every aspect of the classification from perspectives of Product, Engineering Technology, Vehicle Type, Vehicle Propulsion, Distribution Channel, and Country. Based on Product, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2030 included in each section. • Connected Tire • Intelligent Tire/TPMS Based on Sensor Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section. • TPMS • Accelerometer Sensor • Strain Gauge Sensor • RFID Chip • Other Sensors Based on Engineering Technology, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2022-2030 included in each section. • Pneumatic Tire • Run-Flat Tire • Non-Pneumatic Tire By Vehicle Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2030 included in each section. • Commercial Vehicles • Passenger Cars By Vehicle Propulsion, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2030 included in each section. • Conventional Vehicles • Electric Vehicles (EV) By Distribution Channel, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and volume (million units) for 2022-2030 included in each section. • OEMs • Aftermarket Geographically, the following national/local markets are fully investigated: • Germany • UK • France • Spain • Italy • Russia • Rest of Europe (further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland) For each key country, detailed analysis and data for annual revenue ($mn) are available for 2022-2030. The breakdown of national markets by Product, Vehicle Type and Distribution Channel over the forecast years are also included. The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players. Selected Key Players: Bridgestone Corporation Continental AG Hankook Tire & Technology Co., Ltd. Infineon Technologies AG JK Tyres & Industries Ltd. Michelin Group Nexen Tire Corporation Nokian Tyres Plc. NXP Semiconductors Pirelli & C. S.p.A Revvo Technologies, Inc. Schrader TPMS Solutions Sumitomo Rubber Industries, Ltd. The Goodyear Tire & Rubber Co. The Yokohama Rubber Company, Limited Toyo Tire Corporation (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
Table of Contents:
1 Introduction 8 1.1 Industry Definition and Research Scope 8 1.1.1 Industry Definition 8 1.1.2 Research Scope 9 1.2 Research Methodology 12 1.2.1 Overview of Market Research Methodology 12 1.2.2 Market Assumption 13 1.2.3 Secondary Data 13 1.2.4 Primary Data 13 1.2.5 Data Filtration and Model Design 14 1.2.6 Market Size/Share Estimation 15 1.2.7 Research Limitations 16 1.3 Executive Summary 17 2 Market Overview and Dynamics 20 2.1 Market Size and Forecast 20 2.1.1 Impact of COVID-19 on World Economy 23 2.1.2 Impact of COVID-19 on the Market 26 2.1.3 Impact of Russia-Ukraine Conflict: War Slows Economic Recovery 28 2.2 Major Growth Drivers 32 2.3 Market Restraints and Challenges 38 2.4 Emerging Opportunities and Market Trends 41 2.5 Porter’s Fiver Forces Analysis 45 3 Segmentation of Europe Market by Product 49 3.1 Market Overview by Product 49 3.1.1 Connected Tire 52 3.1.2 Intelligent Tire/TPMS 54 3.2 Europe Automotive Smart Tire Market by Sensor 56 3.2.1 Tire Pressure Monitoring System (TPMS) 57 3.2.2 Accelerometer Sensor 58 3.2.3 Strain Gauge Sensor 59 3.2.4 RFID Chip 60 3.2.5 Other Sensors 61 4 Segmentation of Europe Market by Engineering Technology 62 4.1 Market Overview by Engineering Technology 62 4.2 Pneumatic Tire 64 4.3 Run-Flat Tire 65 4.4 Non-Pneumatic Tire 66 5 Segmentation of Europe Market by Vehicle Type 67 5.1 Market Overview by Vehicle Type 67 5.2 Commercial Vehicles 70 5.3 Passenger Cars 72 6 Segmentation of Europe Market by Vehicle Propulsion 74 6.1 Market Overview by Vehicle Propulsion 74 6.2 Conventional Vehicles 77 6.3 Electric Vehicles (EV) 79 7 Segmentation of Europe Market by Distribution Channel 81 7.1 Market Overview by Distribution Channel 81 7.2 OEMs 84 7.3 Aftermarket 86 8 European Market 2019-2030 by Country 88 8.1 Overview of European Market 88 8.2 Germany 92 8.3 U.K. 94 8.4 France 96 8.5 Spain 98 8.6 Italy 100 8.7 Russia 102 8.8 Rest of European Market 104 9 Competitive Landscape 106 9.1 Overview of Key Vendors 106 9.2 New Product Launch, Partnership, Investment, and M&A 109 9.3 Company Profiles 110 Bridgestone Corporation 110 Continental AG 112 Hankook Tire & Technology Co., Ltd. 117 Infineon Technologies AG 119 JK Tyres & Industries Ltd. 122 Michelin Group 124 Nexen Tire Corporation 127 Nokian Tyres Plc. 128 NXP Semiconductors 130 Pirelli & C. S.p.A 133 Revvo Technologies, Inc. 136 Schrader TPMS Solutions 138 Sumitomo Rubber Industries, Ltd. 140 The Goodyear Tire & Rubber Co. 142 The Yokohama Rubber Company, Limited 145 Toyo Tire Corporation 147 RELATED REPORTS 149
List of Tables: Table 1. Snapshot of Europe Automotive Smart Tire Market in Balanced Perspective, 2019-2030 18 Table 2. World Economic Outlook, 2021-2031 24 Table 3. World Economic Outlook, 2021-2023 25 Table 4. Scenarios for Economic Impact of Ukraine Crisis 29 Table 5. Association for Automotive Tire Industry by Country 35 Table 6. Main Product Trends and Market Opportunities in Europe Automotive Smart Tire Market 41 Table 7. Europe Automotive Smart Tire Market by Product, 2019-2030, $ mn 49 Table 8. Europe Automotive Smart Tire Market by Product, 2019-2030, million units 49 Table 9. Europe Automotive Smart Tire Market by Sensor, 2019-2030, $ mn 56 Table 10. Europe Automotive Smart Tire Market by Engineering Technology, 2019-2030, $ mn 62 Table 11. Europe Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 67 Table 12. Europe Automotive Smart Tire Market by Vehicle Type, 2019-2030, million units 67 Table 13. Europe Automotive Smart Tire Market by Vehicle Propulsion, 2019-2030, $ mn 74 Table 14. Europe Automotive Smart Tire Market by Vehicle Propulsion, 2019-2030, million units 74 Table 15. Europe Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 81 Table 16. Europe Automotive Smart Tire Market by Distribution Channel, 2019-2030, million units 81 Table 17. Europe Automotive Smart Tire Market by Country, 2019-2030, $ mn 90 Table 18. Europe Automotive Smart Tire Market by Country, 2019-2030, million units 91 Table 19. Germany Automotive Smart Tire Market by Product, 2019-2030, $ mn 93 Table 20. Germany Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 93 Table 21. Germany Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 93 Table 22. U.K. Automotive Smart Tire Market by Product, 2019-2030, $ mn 95 Table 23. U.K. Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 95 Table 24. U.K. Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 95 Table 25. France Automotive Smart Tire Market by Product, 2019-2030, $ mn 97 Table 26. France Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 97 Table 27. France Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 97 Table 28. Spain Automotive Smart Tire Market by Product, 2019-2030, $ mn 99 Table 29. Spain Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 99 Table 30. Spain Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 99 Table 31. Italy Automotive Smart Tire Market by Product, 2019-2030, $ mn 101 Table 32. Italy Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 101 Table 33. Italy Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 101 Table 34. Russia Automotive Smart Tire Market by Product, 2019-2030, $ mn 103 Table 35. Russia Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 103 Table 36. Russia Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 103 Table 37. Automotive Smart Tire Market in Rest of Europe by Country, 2019-2030, $ mn 105 Table 38. Bridgestone Corporation: Company Snapshot 110 Table 39. Bridgestone Corporation: Business Segmentation 110 Table 40. Bridgestone Corporation: Product Portfolio 111 Table 41. Continental AG: Company Snapshot 112 Table 42. Continental AG: Business Segmentation 114 Table 43. Continental AG: Revenue by Region, 2019, % 114 Table 44. Continental AG: Product Portfolio of Automotive Smart Tire 115 Table 45. Hankook Tire & Technology Co., Ltd.: Company Snapshot 117 Table 46. Hankook Tire & Technology Co., Ltd.: Product Portfolio of Automotive Smart Tire 118 Table 47. Infineon Technologies AG: Company Snapshot 119 Table 48. Infineon Technologies AG: Revenue Distribution by Business Segment in 2020 120 Table 49. Infineon Technologies AG: Revenue Distribution by Region in 2020 120 Table 50. Infineon Technologies AG: Product Portfolio of Automotive Smart Tire 121 Table 51. JK Tyres & Industries Ltd.: Company Snapshot 122 Table 52. JK Tyres & Industries Ltd.: Product Portfolio of Automotive Smart Tire 123 Table 53. Michelin Group: Company Snapshot 124 Table 54. Michelin Group: Product Portfolio of Automotive Smart Tire 125 Table 55. Nexen Tire Corporation: Company Snapshot 127 Table 56. Nokian Tyres Plc.: Company Snapshot 128 Table 57. Nokian Tyres Plc.: Product Portfolio of Automotive Smart Tire 129 Table 58. NXP Semiconductors N.V.: Company Snapshot 130 Table 59. NXP Semiconductors N.V.: Revenue Distribution by Business Segment in 2020 131 Table 60. NXP Semiconductors N.V.: Revenue Distribution by Region in 2020 131 Table 61. NXP Semiconductors N.V.: Product Portfolio of Automotive Smart Tire 131 Table 62. Pirelli & C. S.p.A: Company Snapshot 133 Table 63. Pirelli & C. S.p.A: Product Portfolio of Automotive Smart Tire 134 Table 64. Revvo Technologies, Inc.: Company Snapshot 136 Table 65. Revvo Technologies, Inc.: Product Portfolio of Automotive Smart Tire 137 Table 66. Schrader TPMS Solutions: Company Snapshot 138 Table 67. Schrader TPMS Solutions: Product Portfolio of Automotive Smart Tire 139 Table 68. Sumitomo Rubber Industries, Ltd.: Company Snapshot 140 Table 69. Sumitomo Rubber Industries, Ltd.: Product Portfolio of Automotive Smart Tire 141 Table 70. The Goodyear Tire & Rubber Co.: Company Snapshot 142 Table 71. The Goodyear Tire & Rubber Co.: Product Portfolio of Automotive Smart Tire 143 Table 72. The Yokohama Rubber Company, Limited: Company Snapshot 145 Table 73. The Yokohama Rubber Company, Limited: Product Portfolio of Automotive Smart Tire 146 Table 74. Toyo Tire Corporation: Company Snapshot 147 Table 75. Toyo Tire Corporation: Product Portfolio of Automotive Smart Tire 148
List of Figures: Figure 1. Research Method Flow Chart 12 Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 15 Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2022-2030 17 Figure 4. Value Chain Analysis 20 Figure 5. Europe Automotive Smart Tire Market by Demand Value, 2019-2030, $ mn 21 Figure 6. Europe Automotive Smart Tire Market by Demand Volume, 2019-2030, million units 22 Figure 7. Impact of COVID-19 on Business 26 Figure 8. Primary Drivers and Impact Factors of Europe Automotive Smart Tire Market 32 Figure 9. World Electric Vehicle Market by Sales Value, 2019-2030, $ bn 36 Figure 10. World Electric Vehicle Market by Sales Volume, 2019-2030, million units 36 Figure 11. Share of Electric Vehicle Sales in Total Car Sales in Worldwide Market, 2019-2030, % 37 Figure 12. Primary Restraints and Impact Factors of Europe Automotive Smart Tire Market 38 Figure 13. Investment Opportunity Analysis 42 Figure 14. Porter’s Fiver Forces Analysis of Europe Automotive Smart Tire Market 45 Figure 15. Breakdown of Europe Automotive Smart Tire Market by Product, 2019-2030, % of Revenue 50 Figure 16. Europe Addressable Market Cap in 2023-2030 by Product, Value ($ mn) and Share (%) 50 Figure 17. Breakdown of Europe Automotive Smart Tire Market by Product, 2019-2030, % of Demand Volume 51 Figure 18. Europe Addressable Market Cap in 2023-2030 by Product, Volume (million units) and Share (%) 51 Figure 19. Europe Automotive Smart Tire Market by Product: Connected Tire, 2019-2030, $ mn 52 Figure 20. Europe Automotive Smart Tire Market by Product: Connected Tire, 2019-2030, million units 53 Figure 21. Europe Automotive Smart Tire Market by Product: Intelligent Tire/TPMS, 2019-2030, $ mn 54 Figure 22. Europe Automotive Smart Tire Market by Product: Intelligent Tire/TPMS, 2019-2030, million units 55 Figure 23. Europe Automotive Smart Tire Market by Sensor Type: Tire Pressure Monitoring System (TPMS), 2019-2030, $ mn 57 Figure 24. Europe Automotive Smart Tire Market by Sensor Type: Accelerometer Sensor, 2019-2030, $ mn 58 Figure 25. Europe Automotive Smart Tire Market by Sensor Type: Strain Gauge Sensor, 2019-2030, $ mn 59 Figure 26. Europe Automotive Smart Tire Market by Sensor Type: RFID Chip, 2019-2030, $ mn 60 Figure 27. Europe Automotive Smart Tire Market by Sensor Type: Other Sensors, 2019-2030, $ mn 61 Figure 28. Breakdown of Europe Automotive Smart Tire Market by Engineering Technology, 2019-2030, % of Sales Revenue 63 Figure 29. Europe Addressable Market Cap in 2023-2030 by Engineering Technology, Value ($ mn) and Share (%) 63 Figure 30. Europe Automotive Smart Tire Market by Engineering Technology: Pneumatic Tire, 2019-2030, $ mn 64 Figure 31. Europe Automotive Smart Tire Market by Engineering Technology: Run-Flat Tire, 2019-2030, $ mn 65 Figure 32. Europe Automotive Smart Tire Market by Engineering Technology: Non-Pneumatic Tire, 2019-2030, $ mn 66 Figure 33. Breakdown of Europe Automotive Smart Tire Market by Vehicle Type, 2019-2030, % of Sales Revenue 68 Figure 34. Europe Addressable Market Cap in 2023-2030 by Vehicle Type, Value ($ mn) and Share (%) 68 Figure 35. Breakdown of Europe Automotive Smart Tire Market by Vehicle Type, 2019-2030, % of Demand Volume 69 Figure 36. Europe Addressable Market Cap in 2023-2030 by Vehicle Type, Volume (million units) and Share (%) 69 Figure 37. Europe Automotive Smart Tire Market by Vehicle Type: Commercial Vehicles, 2019-2030, $ mn 70 Figure 38. Europe Automotive Smart Tire Market by Vehicle Type: Commercial Vehicles, 2019-2030, million units 71 Figure 39. Europe Automotive Smart Tire Market by Vehicle Type: Passenger Cars, 2019-2030, $ mn 72 Figure 40. Europe Automotive Smart Tire Market by Vehicle Type: Passenger Cars, 2019-2030, million units 73 Figure 41. Breakdown of Europe Automotive Smart Tire Market by Vehicle Propulsion, 2019-2030, % of Revenue 75 Figure 42. Europe Addressable Market Cap in 2023-2030 by Vehicle Propulsion, Value ($ mn) and Share (%) 75 Figure 43. Breakdown of Europe Automotive Smart Tire Market by Vehicle Propulsion, 2019-2030, % of Demand Volume 76 Figure 44. Europe Addressable Market Cap in 2023-2030 by Vehicle Propulsion, Volume (million units) and Share (%) 76 Figure 45. Europe Automotive Smart Tire Market by Vehicle Propulsion: Conventional Vehicles, 2019-2030, $ mn 77 Figure 46. Europe Automotive Smart Tire Market by Vehicle Propulsion: Conventional Vehicles, 2019-2030, million units 78 Figure 47. Europe Automotive Smart Tire Market by Vehicle Propulsion: Electric Vehicles (EV), 2019-2030, $ mn 79 Figure 48. Europe Automotive Smart Tire Market by Vehicle Propulsion: Electric Vehicles (EV), 2019-2030, million units 80 Figure 49. Breakdown of Europe Automotive Smart Tire Market by Distribution Channel, 2019-2030, % of Revenue 82 Figure 50. Europe Addressable Market Cap in 2023-2030 by Distribution Channel, Value ($ mn) and Share (%) 82 Figure 51. Breakdown of Europe Automotive Smart Tire Market by Distribution Channel, 2019-2030, % of Demand Volume 83 Figure 52. Europe Addressable Market Cap in 2023-2030 by Distribution Channel, Volume (million units) and Share (%) 83 Figure 53. Europe Automotive Smart Tire Market by Distribution Channel: OEMs, 2019-2030, $ mn 84 Figure 54. Europe Automotive Smart Tire Market by Distribution Channel: OEMs, 2019-2030, million units 85 Figure 55. Europe Automotive Smart Tire Market by Distribution Channel: Aftermarket, 2019-2030, $ mn 86 Figure 56. Europe Automotive Smart Tire Market by Distribution Channel: Aftermarket, 2019-2030, million units 87 Figure 57. Breakdown of European Automotive Smart Tire Market by Country, 2022 and 2030, % of Revenue 89 Figure 58. Contribution to Europe 2023-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 90 Figure 59. Contribution to Europe 2023-2030 Cumulative Market by Country, Volume (million units) and Share (%) 91 Figure 60. Automotive Smart Tire Market in Germany, 2019-2030, $ mn 92 Figure 61. Automotive Smart Tire Market in U.K., 2019-2030, $ mn 94 Figure 62. Automotive Smart Tire Market in France, 2019-2030, $ mn 96 Figure 63. Automotive Smart Tire Market in Spain, 2019-2030, $ mn 98 Figure 64. Automotive Smart Tire Market in Italy, 2019-2030, $ mn 100 Figure 65. Automotive Smart Tire Market in Russia, 2019-2030, $ mn 102 Figure 66. Automotive Smart Tire Market in Rest of Europe, 2019-2030, $ mn 104 Figure 67. Growth Stage of Europe Automotive Smart Tire Industry over the Forecast Period 106
Selected Key Players: Bridgestone Corporation Continental AG Hankook Tire & Technology Co., Ltd. Infineon Technologies AG JK Tyres & Industries Ltd. Michelin Group Nexen Tire Corporation Nokian Tyres Plc. NXP Semiconductors Pirelli & C. S.p.A Revvo Technologies, Inc. Schrader TPMS Solutions Sumitomo Rubber Industries, Ltd. The Goodyear Tire & Rubber Co. The Yokohama Rubber Company, Limited Toyo Tire Corporation (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)