Smart tires can improve costs but add complexity
BOULDER, Colo., April 30, 2024 /PRNewswire/ — A new report from Guidehouse Insights discusses how technology advances are changing the role of tires in fleet operations and how the tire industry is improving the eco-friendliness of its products.
As the only connection to the road surface, tires are a critical component of on-road vehicles but have an unfair perception as a simple maintenance item. According to Guidehouse Insights, this stands to change as improving technology and increased scrutiny of environmental impacts bring greater attention to tires.
“Sensors with greater fidelity and lower costs allow tires to play a larger role in advanced vehicle diagnostics and integrate with advanced driver assistance systems,” says Michael Austin, senior research analyst with Guidehouse Insights. “This enables drivers and fleets to optimize their costs related to tires, safety, and efficiency and provides further insights into their operations. At the same time, tire manufacturers continue to develop tires made from increasing levels of sustainable materials, and greater focus on tire emissions has led to new regulations.”
Guidehouse Insights recommends regulators and policymakers encourage increased recycled or renewable content in tires; tire manufacturers and suppliers should standardize communication protocols for tire pressure monitoring systems (TPMS) and related sensors; and researchers should continue to study the impact of tires on the environment to help set reasonable targets for emissions reductions, according to the report.
The report, Smart and Clean Tire Technologies, discusses how technology advances are changing the role of tires in fleet operations and how the tire industry is improving the eco-friendliness of its products. It covers the current state of tire sensors and how they are used to optimize fleet operations; recent developments in tire emissions regulations; and developments in renewable and recycled tire material. The report also provides detailed and actionable recommendations for vehicle OEMs and fleet operators to take advantage of these developments. An executive summary of the report is available for free download on the Guidehouse Insights website
About Guidehouse InsightsGuidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at guidehouse insights.
About GuidehouseGuidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has more than 16,000 professionals in over 55 locations globally. Guidehouse is led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Smart and Clean Tire Technologies, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse Insights
+1.646.941.9139
[email protected]
SOURCE Guidehouse Insights