Tire

Global Tire Pressure Monitoring System Market By Technology, By Vehicle Type, By Sales Channel, By Region, Competition, Forecast & Opportunities, 2024

Retrieved on: 
Tuesday, March 19, 2019
Tires, Motor vehicles, Technology, Manufactured goods, Tire-pressure monitoring system, Direct TPMS, TPMS, Tire, Tire-pressure gauge, Cold inflation pressure, Outline of tires

NEW YORK, March 19, 2019 /PRNewswire/ -- Global Tire Pressure Monitoring System Market By Technology (Direct Tire Pressure Monitoring System & Indirect Tire Pressure Monitoring System), By Vehicle Type (Passenger Vehicle & Commercial Vehicle), By Sales Channel (OEM & Aftermarket), By Region, Competition, Forecast & Opportunities, 2024

Key Points: 
  • NEW YORK, March 19, 2019 /PRNewswire/ -- Global Tire Pressure Monitoring System Market By Technology (Direct Tire Pressure Monitoring System & Indirect Tire Pressure Monitoring System), By Vehicle Type (Passenger Vehicle & Commercial Vehicle), By Sales Channel (OEM & Aftermarket), By Region, Competition, Forecast & Opportunities, 2024
    Global tire pressure monitoring system market is projected to grow from $ 4.78 billion in 2018 to $ 13.13 billion by 2024, exhibiting a double-digit CAGR of over 21% during the forecast period, backed by safety regulations and norms imposed by governments across the globe.
  • Automotive Tire Pressure Monitoring Systems (TPMS) are active safety systems that help to monitor vehicle pressure by using pressure sensors.
  • In terms of technology, the market for tire pressure monitoring system has been bifurcated into Direct Tire Pressure Monitoring System (TPMS) and Indirect Tire Pressure Monitoring System (TPMS).Direct TPMS captured the dominant share in 2018 and is expected to continue its market dominance during the forecast period, as indirect TPMS does not use pressure sensors to measure the tire inflation which results in inaccurate monitoring of the tire pressure.
  • Europe is the leading region in global tire pressure monitoring system market, owing to government regulations in the developed economies.

Autonomous Vehicles Come to the Fore With Growing Concern Over Collisions

Retrieved on: 
Tuesday, March 19, 2019
Brake, Tire, Vehicular automation, Vehicles, Transport, Electric vehicles, Mechanical engineering, Green vehicles

However, with the rising number of vehicles, the number of accidents has also drastically increased.

Key Points: 
  • However, with the rising number of vehicles, the number of accidents has also drastically increased.
  • Specifically, parts are categorized into sectors such as tires, batteries, brake parts, filters, body parts, lighting, electronic components, and more.
  • The market is mainly growing due to the increasing vehicle sales, however, the rising number of accidents is also helping drive the market growth.
  • The industry is being driven by the rising prevalence of electric, hybrid, and autonomous vehicles.

Autonomous Vehicles Come to the Fore With Growing Concern Over Collisions

Retrieved on: 
Tuesday, March 19, 2019
Brake, Tire, Vehicular automation, Vehicles, Transport, Electric vehicles, Mechanical engineering, Green vehicles

However, with the rising number of vehicles, the number of accidents has also drastically increased.

Key Points: 
  • However, with the rising number of vehicles, the number of accidents has also drastically increased.
  • Specifically, parts are categorized into sectors such as tires, batteries, brake parts, filters, body parts, lighting, electronic components, and more.
  • The market is mainly growing due to the increasing vehicle sales, however, the rising number of accidents is also helping drive the market growth.
  • The industry is being driven by the rising prevalence of electric, hybrid, and autonomous vehicles.

Road Warrior Tires Proudly Announces Their New Production Facility in Vietnam

Retrieved on: 
Monday, March 18, 2019
Rubber, Tire

WATERTOWN, Mass., March 18, 2019 /PRNewswire/ -- Road Warrior Tires proudly announces thenew production facility in Vietnam.

Key Points: 
  • WATERTOWN, Mass., March 18, 2019 /PRNewswire/ -- Road Warrior Tires proudly announces thenew production facility in Vietnam.
  • The same excellence and reliability that you know and count onare now available on our loader and large truck tiresmanufactured in Vietnam exclusively for Road Warrior Tires.
  • Our Vietnam facility is a state-of-the-art factory with an experienced production engineering and manufacturing team committed to outstanding product quality control standards.
  • Road Warrior Tires is working globally to maintain the best possible prices forentire range of heavy truck tires.

Low Rolling Resistance Tires Market to Record an Exponential CAGR of 10.8% Through 2028 - Future Market Insights

Retrieved on: 
Monday, March 18, 2019
Tires, Articles, Tire, Transport, Low rolling resistance tire, Mechanical engineering, Rolling resistance, Airless tire

The US$ 66 billion market for low rolling resistance tire is anticipated to expand at a prosperous CAGR of 10.8% during 2018-2028.

Key Points: 
  • The US$ 66 billion market for low rolling resistance tire is anticipated to expand at a prosperous CAGR of 10.8% during 2018-2028.
  • Since the tire replacement rate continues to be high, aftermarket is dominating over OEMs in terms of sales of low rolling resistance tires.
  • Low rolling resistance tires with wide band width will remain more preferred, accounting for almost 25% share of the total sales.
  • This and more such establishments are likely to drive the demand for low rolling resistance tires in the market, says the report.

Low Rolling Resistance Tires Market to Record an Exponential CAGR of 10.8% Through 2028 - Future Market Insights

Retrieved on: 
Monday, March 18, 2019
Tires, Articles, Tire, Transport, Low rolling resistance tire, Mechanical engineering, Rolling resistance, Airless tire

The US$ 66 billion market for low rolling resistance tire is anticipated to expand at a prosperous CAGR of 10.8% during 2018-2028.

Key Points: 
  • The US$ 66 billion market for low rolling resistance tire is anticipated to expand at a prosperous CAGR of 10.8% during 2018-2028.
  • Since the tire replacement rate continues to be high, aftermarket is dominating over OEMs in terms of sales of low rolling resistance tires.
  • Low rolling resistance tires with wide band width will remain more preferred, accounting for almost 25% share of the total sales.
  • This and more such establishments are likely to drive the demand for low rolling resistance tires in the market, says the report.

Aperia Technologies Paves the Way for Predictive Tire Maintenance with Debut of Halo Connect

Retrieved on: 
Monday, March 18, 2019
Technology, Data management, Software, Transport, Trucking, Automotive, Fleet management, Tires & Rubber, Tires, Tire, Technology

Our goal with Halo Connect is to set a new standard for tire management by enabling a shift to predictive need-based tire maintenance, said Josh Carter, CEO of Aperia Technologies.

Key Points: 
  • Our goal with Halo Connect is to set a new standard for tire management by enabling a shift to predictive need-based tire maintenance, said Josh Carter, CEO of Aperia Technologies.
  • The platform categorizes tire-related issues by severity and provides maintenance recommendations, enabling fleets to prevent tire failure due to leaks and under-inflation by streamlining communication and tire maintenance.
  • Halo Connect is available for use on vehicles equipped with the companys Halo Tire Inflator, a revolutionary automatictireinflation system for trucks and trailers that bolts-on in minutes.
  • The companys Halo Tire Inflator and related products improve fuel economy and road safety while reducing tire expenditures, downtime, and maintenance costs for commercial fleets.

RNR Tire Express Donates Over $1 Million to Charities in 2018

Retrieved on: 
Monday, March 18, 2019
Naval Service, Royal Naval Reserve, Royal Navy, Tire, Military

TAMPA, Fla., March 18, 2019 /PRNewswire/ -- RNR Tire Express (RNR), the nation's fastest-growing tire and custom wheel franchise, announced today that alongside continued growth, the brand made a record-breaking amount of charitable donations this past year.

Key Points: 
  • TAMPA, Fla., March 18, 2019 /PRNewswire/ -- RNR Tire Express (RNR), the nation's fastest-growing tire and custom wheel franchise, announced today that alongside continued growth, the brand made a record-breaking amount of charitable donations this past year.
  • "At RNR Tire Express, service is at the cornerstone of our brand, not only as a commitment to our customers, but also to all of our neighbors and friends in need.
  • Since its inception, RNR has donated a total of $4 Million to charities.
  • RNR Tire Express is seeking qualified multi-unit franchisees to expand even further nationally with prime markets available throughout the country.

Michelin Introduces All-Season, Heavy-Duty Tire for Light-Truck Applications That Answers Commercial Demands

Retrieved on: 
Sunday, March 17, 2019
Tires, Rubber, Tire, Michelin, Economy of France, Manufactured goods, Artificial objects

ATLANTA, March 17, 2019 /PRNewswire/ -- Michelin North America, Inc., is launching the new MICHELIN Agilis CrossClimate tire for today's small-business owners and commercial fleets.

Key Points: 
  • ATLANTA, March 17, 2019 /PRNewswire/ -- Michelin North America, Inc., is launching the new MICHELIN Agilis CrossClimate tire for today's small-business owners and commercial fleets.
  • The MICHELIN Agilis CrossClimate tire is engineered with multiple innovations:
    MaxPressure Profileoptimizes the tire footprint for better wear life under high pressure, heavy loads, high torque and stop-and-go driving.
  • The MICHELIN Agilis CrossClimate LT-metric tire lasted up to 19 percent longer under heavy loads than the three leading competitors' comparable commercial tires1.
  • On snow-covered roads, the MICHELIN Agilis CrossClimate tire demonstrated better snow traction than three leading competitors' commercial tires4.

Southeast Asia Tyre Market Outlook to 2024 with Analysis on the Competitive Landscape - A CAGR of More Than 7.5% is Projected - ResearchAndMarkets.com

Retrieved on: 
Friday, March 15, 2019
Automotive, Tires & Rubber, Tourism in Lebanon, Tyre District, Tyre, Lebanon, Marketplace, Tire, 3rd millennium BC, Lebanese culture, Units of time

The "Southeast Asia Tyre Market (2018-2024): Market Forecast By Tyre Types, By End Markets, By Vehicle Types, By Countries, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Southeast Asia Tyre Market (2018-2024): Market Forecast By Tyre Types, By End Markets, By Vehicle Types, By Countries, and Competitive Landscape" report has been added to ResearchAndMarkets.com's offering.
  • This would further result in higher adoption of vehicles and would spur the growth of the tyre market in South East Asia over the next six years.
  • According to this research, the South East Asia Tyre market is projected to grow at a CAGR of over 7.5% during 2018-2024.
  • The report thoroughly covers the South East Asia tyre market by vehicle types, tyre types, end markets, and regions.