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Europe Automotive Smart Tire Market 2020-2030
Europe Automotive Smart Tire Market 2020-2030

2022

Europe Automotive Smart Tire Market 2020-2030

Europe automotive smart tire market was valued at $18.26 billion in 2020 & will grow by 7.1% annually over 2020-2030 owing to the escalating demand for electric vehicle.

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Europe automotive smart tire market was valued at $18.26 billion in 2020 and will grow by 7.1% annually over 2020-2030 owing to the escalating demand for electric vehicle, 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 39 tables and 67 figures, this 123-page report “Europe Automotive Smart Tire Market 2020-2030 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 2017-2019 and provides estimate for 2020 and forecast from 2021 till 2030 with 2019 as the base year (Year 2020 is not appropriate for research base due to the outbreak of COVID-19).

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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. The balanced (most likely) projection is used to quantify Europe automotive smart tire market in every aspect of the classification from perspectives of Product, Sensor, 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 annual shipment (million units) for 2019-2030 included in each section.
• Connected Tire
• Intelligent Tire/TPMS

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Manmayi Raval

Manmayi Raval

Research Consultant



By Sensor, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) for 2019-2030 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 2019-2030 included in each section.
• Pneumatic Tire
• Run-Flat Tire
• Non-Pneumatic Tire

Based on Vehicle Type, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and annual shipment (million units) for 2019-2030 included in each section.
• Commercial Vehicles
• Passenger Cars

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Based on Vehicle Propulsion, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and annual shipment (million units) for 2019-2030 included in each section.
• Conventional Vehicles
• Electric Vehicles (EV)

Based on Distribution Channel, the Europe market is segmented into the following sub-markets with annual revenue ($ mn) and annual shipment (million units) for 2019-2030 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) and demand volume (million units) are available for 2019-2030. The breakdown of key 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.
Key Players (this may not be a complete list and extra companies can be added upon request):
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
Yokohama Rubber Co., Ltd.
(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 7
  • 1.1 Industry Definition and Research Scope 7
  • 1.1.1 Industry Definition 7
  • 1.1.2 Research Scope 8
  • 1.2 Research Methodology 11
  • 1.2.1 Overview of Market Research Methodology 11
  • 1.2.2 Market Assumption 12
  • 1.2.3 Secondary Data 12
  • 1.2.4 Primary Data 12
  • 1.2.5 Data Filtration and Model Design 13
  • 1.2.6 Market Size/Share Estimation 14
  • 1.2.7 Research Limitations 15
  • 1.3 Executive Summary 16
  • 2 Market Overview and Dynamics 19
  • 2.1 Market Size and Forecast 19
  • 2.1.1 Impact of COVID-19 on World Economy 22
  • 2.1.2 Impact of COVID-19 on the Market 25
  • 2.2 Major Growth Drivers 27
  • 2.3 Market Restraints and Challenges 33
  • 2.4 Emerging Opportunities and Market Trends 36
  • 2.5 Porter’s Fiver Forces Analysis 40
  • 3 Segmentation of Europe Market by Product 44
  • 3.1 Market Overview by Product 44
  • 3.1.1 Connected Tire 47
  • 3.1.2 Intelligent Tire/TPMS 49
  • 3.2 Europe Automotive Smart Tire Market by Sensor 51
  • 3.2.1 Tire Pressure Monitoring System (TPMS) 52
  • 3.2.2 Accelerometer Sensor 53
  • 3.2.3 Strain Gauge Sensor 54
  • 3.2.4 RFID Chip 55
  • 3.2.5 Other Sensors 56
  • 4 Segmentation of Europe Market by Engineering Technology 57
  • 4.1 Market Overview by Engineering Technology 57
  • 4.2 Pneumatic Tire 59
  • 4.3 Run-Flat Tire 60
  • 4.4 Non-Pneumatic Tire 61
  • 5 Segmentation of Europe Market by Vehicle Type 62
  • 5.1 Market Overview by Vehicle Type 62
  • 5.2 Commercial Vehicles 65
  • 5.3 Passenger Cars 67
  • 6 Segmentation of Europe Market by Vehicle Propulsion 69
  • 6.1 Market Overview by Vehicle Propulsion 69
  • 6.2 Conventional Vehicles 72
  • 6.3 Electric Vehicles (EV) 74
  • 7 Segmentation of Europe Market by Distribution Channel 76
  • 7.1 Market Overview by Distribution Channel 76
  • 7.2 OEMs 79
  • 7.3 Aftermarket 81
  • 8 European Market 2019-2030 by Country 83
  • 8.1 Overview of European Market 83
  • 8.2 Germany 87
  • 8.3 U.K. 89
  • 8.4 France 91
  • 8.5 Spain 93
  • 8.6 Italy 95
  • 8.7 Russia 97
  • 8.8 Rest of European Market 99
  • 9 Competitive Landscape 101
  • 9.1 Overview of Key Vendors 101
  • 9.2 New Product Launch, Partnership, Investment, and M&A 104
  • 9.3 Company Profiles 105
  • Bridgestone Corporation 105
  • Continental AG 107
  • Hankook Tire & Technology Co., Ltd. 108
  • Infineon Technologies AG 109
  • JK Tyres & Industries Ltd. 110
  • Michelin Group 111
  • Nexen Tire Corporation 112
  • Nokian Tyres Plc. 113
  • NXP Semiconductors 114
  • Pirelli & C. S.p.A 115
  • Revvo Technologies, Inc. 116
  • Schrader TPMS Solutions 117
  • Sumitomo Rubber Industries, Ltd. 118
  • The Goodyear Tire & Rubber Co. 119
  • The Yokohama Rubber Company, Limited 120
  • Toyo Tire Corporation 121
  • Yokohama Rubber Co., Ltd. 122
  • RELATED REPORTS 123

List of Tables:

Table 1. Snapshot of Europe Automotive Smart Tire Market in Balanced Perspective, 2019-2030 17
Table 2. Growth Rate of World GDP, 2020-2022 23
Table 3. Association for Automotive Tire Industry by Country 30
Table 4. Main Product Trends and Market Opportunities in Europe Automotive Smart Tire Market 36
Table 5. Europe Automotive Smart Tire Market by Product, 2019-2030, $ mn 44
Table 6. Europe Automotive Smart Tire Market by Product, 2019-2030, million units 44
Table 7. Europe Automotive Smart Tire Market by Sensor, 2019-2030, $ mn 51
Table 8. Europe Automotive Smart Tire Market by Engineering Technology, 2019-2030, $ mn 57
Table 9. Europe Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 62
Table 10. Europe Automotive Smart Tire Market by Vehicle Type, 2019-2030, million units 62
Table 11. Europe Automotive Smart Tire Market by Vehicle Propulsion, 2019-2030, $ mn 69
Table 12. Europe Automotive Smart Tire Market by Vehicle Propulsion, 2019-2030, million units 69
Table 13. Europe Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 76
Table 14. Europe Automotive Smart Tire Market by Distribution Channel, 2019-2030, million units 76
Table 15. Europe Automotive Smart Tire Market by Country, 2019-2030, $ mn 85
Table 16. Europe Automotive Smart Tire Market by Country, 2019-2030, million units 86
Table 17. Germany Automotive Smart Tire Market by Product, 2019-2030, $ mn 88
Table 18. Germany Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 88
Table 19. Germany Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 88
Table 20. U.K. Automotive Smart Tire Market by Product, 2019-2030, $ mn 90
Table 21. U.K. Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 90
Table 22. U.K. Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 90
Table 23. France Automotive Smart Tire Market by Product, 2019-2030, $ mn 92
Table 24. France Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 92
Table 25. France Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 92
Table 26. Spain Automotive Smart Tire Market by Product, 2019-2030, $ mn 94
Table 27. Spain Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 94
Table 28. Spain Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 94
Table 29. Italy Automotive Smart Tire Market by Product, 2019-2030, $ mn 96
Table 30. Italy Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 96
Table 31. Italy Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 96
Table 32. Russia Automotive Smart Tire Market by Product, 2019-2030, $ mn 98
Table 33. Russia Automotive Smart Tire Market by Vehicle Type, 2019-2030, $ mn 98
Table 34. Russia Automotive Smart Tire Market by Distribution Channel, 2019-2030, $ mn 98
Table 35. Automotive Smart Tire Market in Rest of Europe by Country, 2019-2030, $ mn 100
Table 36. Bridgestone Corporation: Company Snapshot 105
Table 37. Bridgestone Corporation: Business Segmentation 105
Table 38. Bridgestone Corporation: Product Portfolio 106
Table 39. Bridgestone Corporation: Revenue, 2018-2020, $ mn 106

List of Figures:

Figure 1. Research Method Flow Chart 11
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 14
Figure 3. Europe Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2019-2030 16
Figure 4. Value Chain Analysis 19
Figure 5. Europe Automotive Smart Tire Market by Demand Value, 2019-2030, $ mn 20
Figure 6. Europe Automotive Smart Tire Market by Demand Volume, 2019-2030, million units 21
Figure 7. Impact of COVID-19 on Business 25
Figure 8. Primary Drivers and Impact Factors of Europe Automotive Smart Tire Market 27
Figure 9. World Electric Vehicle Market by Sales Value, 2019-2030, $ bn 31
Figure 10. World Electric Vehicle Market by Sales Volume, 2019-2030, million units 31
Figure 11. Share of Electric Vehicle Sales in Total Car Sales in Worldwide Market, 2019-2030, % 32
Figure 12. Primary Restraints and Impact Factors of Europe Automotive Smart Tire Market 33
Figure 13. Investment Opportunity Analysis 37
Figure 14. Porter’s Fiver Forces Analysis of Europe Automotive Smart Tire Market 40
Figure 15. Breakdown of Europe Automotive Smart Tire Market by Product, 2019-2030, % of Revenue 45
Figure 16. Europe Addressable Market Cap in 2021-2030 by Product, Value ($ mn) and Share (%) 45
Figure 17. Breakdown of Europe Automotive Smart Tire Market by Product, 2019-2030, % of Demand Volume 46
Figure 18. Europe Addressable Market Cap in 2021-2030 by Product, Volume (million units) and Share (%) 46
Figure 19. Europe Automotive Smart Tire Market by Product: Connected Tire, 2019-2030, $ mn 47
Figure 20. Europe Automotive Smart Tire Market by Product: Connected Tire, 2019-2030, million units 48
Figure 21. Europe Automotive Smart Tire Market by Product: Intelligent Tire/TPMS, 2019-2030, $ mn 49
Figure 22. Europe Automotive Smart Tire Market by Product: Intelligent Tire/TPMS, 2019-2030, million units 50
Figure 23. Europe Automotive Smart Tire Market by Sensor Type: Tire Pressure Monitoring System (TPMS), 2019-2030, $ mn 52
Figure 24. Europe Automotive Smart Tire Market by Sensor Type: Accelerometer Sensor, 2019-2030, $ mn 53
Figure 25. Europe Automotive Smart Tire Market by Sensor Type: Strain Gauge Sensor, 2019-2030, $ mn 54
Figure 26. Europe Automotive Smart Tire Market by Sensor Type: RFID Chip, 2019-2030, $ mn 55
Figure 27. Europe Automotive Smart Tire Market by Sensor Type: Other Sensors, 2019-2030, $ mn 56
Figure 28. Breakdown of Europe Automotive Smart Tire Market by Engineering Technology, 2019-2030, % of Sales Revenue 58
Figure 29. Europe Addressable Market Cap in 2021-2030 by Engineering Technology, Value ($ mn) and Share (%) 58
Figure 30. Europe Automotive Smart Tire Market by Engineering Technology: Pneumatic Tire, 2019-2030, $ mn 59
Figure 31. Europe Automotive Smart Tire Market by Engineering Technology: Run-Flat Tire, 2019-2030, $ mn 60
Figure 32. Europe Automotive Smart Tire Market by Engineering Technology: Non-Pneumatic Tire, 2019-2030, $ mn 61
Figure 33. Breakdown of Europe Automotive Smart Tire Market by Vehicle Type, 2019-2030, % of Sales Revenue 63
Figure 34. Europe Addressable Market Cap in 2021-2030 by Vehicle Type, Value ($ mn) and Share (%) 63
Figure 35. Breakdown of Europe Automotive Smart Tire Market by Vehicle Type, 2019-2030, % of Demand Volume 64
Figure 36. Europe Addressable Market Cap in 2021-2030 by Vehicle Type, Volume (million units) and Share (%) 64
Figure 37. Europe Automotive Smart Tire Market by Vehicle Type: Commercial Vehicles, 2019-2030, $ mn 65
Figure 38. Europe Automotive Smart Tire Market by Vehicle Type: Commercial Vehicles, 2019-2030, million units 66
Figure 39. Europe Automotive Smart Tire Market by Vehicle Type: Passenger Cars, 2019-2030, $ mn 67
Figure 40. Europe Automotive Smart Tire Market by Vehicle Type: Passenger Cars, 2019-2030, million units 68
Figure 41. Breakdown of Europe Automotive Smart Tire Market by Vehicle Propulsion, 2019-2030, % of Revenue 70
Figure 42. Europe Addressable Market Cap in 2021-2030 by Vehicle Propulsion, Value ($ mn) and Share (%) 70
Figure 43. Breakdown of Europe Automotive Smart Tire Market by Vehicle Propulsion, 2019-2030, % of Demand Volume 71
Figure 44. Europe Addressable Market Cap in 2021-2030 by Vehicle Propulsion, Volume (million units) and Share (%) 71
Figure 45. Europe Automotive Smart Tire Market by Vehicle Propulsion: Conventional Vehicles, 2019-2030, $ mn 72
Figure 46. Europe Automotive Smart Tire Market by Vehicle Propulsion: Conventional Vehicles, 2019-2030, million units 73
Figure 47. Europe Automotive Smart Tire Market by Vehicle Propulsion: Electric Vehicles (EV), 2019-2030, $ mn 74
Figure 48. Europe Automotive Smart Tire Market by Vehicle Propulsion: Electric Vehicles (EV), 2019-2030, million units 75
Figure 49. Breakdown of Europe Automotive Smart Tire Market by Distribution Channel, 2019-2030, % of Revenue 77
Figure 50. Europe Addressable Market Cap in 2021-2030 by Distribution Channel, Value ($ mn) and Share (%) 77
Figure 51. Breakdown of Europe Automotive Smart Tire Market by Distribution Channel, 2019-2030, % of Demand Volume 78
Figure 52. Europe Addressable Market Cap in 2021-2030 by Distribution Channel, Volume (million units) and Share (%) 78
Figure 53. Europe Automotive Smart Tire Market by Distribution Channel: OEMs, 2019-2030, $ mn 79
Figure 54. Europe Automotive Smart Tire Market by Distribution Channel: OEMs, 2019-2030, million units 80
Figure 55. Europe Automotive Smart Tire Market by Distribution Channel: Aftermarket, 2019-2030, $ mn 81
Figure 56. Europe Automotive Smart Tire Market by Distribution Channel: Aftermarket, 2019-2030, million units 82
Figure 57. Breakdown of European Automotive Smart Tire Market by Country, 2019 and 2030, % of Revenue 84
Figure 58. Contribution to Europe 2021-2030 Cumulative Market by Country, Value ($ mn) and Share (%) 85
Figure 59. Contribution to Europe 2021-2030 Cumulative Market by Country, Volume (million units) and Share (%) 86
Figure 60. Automotive Smart Tire Market in Germany, 2019-2030, $ mn 87
Figure 61. Automotive Smart Tire Market in U.K., 2019-2030, $ mn 89
Figure 62. Automotive Smart Tire Market in France, 2019-2030, $ mn 91
Figure 63. Automotive Smart Tire Market in Spain, 2019-2030, $ mn 93
Figure 64. Automotive Smart Tire Market in Italy, 2019-2030, $ mn 95
Figure 65. Automotive Smart Tire Market in Russia, 2019-2030, $ mn 97
Figure 66. Automotive Smart Tire Market in Rest of Europe, 2019-2030, $ mn 99
Figure 67. Growth Stage of Europe Automotive Smart Tire Industry over the Forecast Period 101

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