Automotive Tire Analytics Market Introduction

Automotive tire analytics is a solution for the maintenance of the tire, which helps tire regarding replacement and other aspects. Tire analytics generates data that helps the driver to analyze the issue associated with tire before it is likely to occur.

Automotive Tire Analytics Market – Competitive Landscape

Dana Inc. is a major player in the field of automotive tire analytics. Other potential players for the market include Robert Bosch GmbH, Continental AG, ZF Friedrichshafen AG, Sensata Technologies, Inc., and many other tire manufacturers such as Yokohama Tires, JK Tyres, Apollo Tyres, and CEAT Ltd.

Dana Inc.

Dana Inc. developed a solution for tire analytics, named Rhombus TireAnalytics Solution. It is a cloud-based platform that enables fleet maintenance managers and commercial truck owners to adopt the finest practices for maintenance of the tire and tire lifecycle management optimization. Rhombus TireAnalytics solution offers understandings of trailer and tractor tires that assist in the analysis and identification of trends of tire wear and forecast repair problems that can be directed preventively to reduce truck downtime and create scheduled replacement with optimal timeframes.

Robert Bosch GmbH

On August 21, 2018, Robert Bosch GmbH signed an agreement with Ceres Power Holdings plc. for technology development and manufacturing, and to acquire 4% equity stake in Ceres Power Holdings plc.

On August 11, 2018, Robert Bosch and Daimler partnered to develop Drive Pegasus platform by AI computing company NVIDIA. The ECU network is likely to be integrated into battery cells’ cooling circuit.

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ZF Friedrichshafen AG

In February 2018, ZF Friedrichshafen AG announced a joint venture with Anhui Heli Co., Ltd., China. Heli is China-based construction equipment manufacturing company.

In November 2017, ZF Friedrichshafen AG expanded its development facilities for autonomous driving. 20 software developers are expected to develop advance technology such as driving assistance, integrated vehicle safety, and autonomous driving.

Automotive Tire Analytics Market Dynamics

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:

  • OEM
  • Aftermarket

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
  • Europe
  • 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.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players 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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Automotive Tire Analytics Market

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