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 Insights
Guidehouse 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
www.guidehouseinsights.com.
About Guidehouse
Guidehouse 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
cfradkin@scprgroup.com
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SOURCE Guidehouse Insights