Key Takeaways
- North America led the global tire market with a 38.4% share in 2023
- The global tire market size was valued at $242.9 billion in 2023
- The global tire market is projected to reach $424.4 billion by 2033
- Michelin uses AI to detect material defects in tire manufacturing with computer vision
- Michelin and Microsoft created a cloud and AI platform called “Michelin Vision” for defect detection
- Yokohama Rubber reported using AI to improve tire inspection accuracy with image recognition
- Tire pressure monitoring systems (TPMS) warn when tire pressure drops by as little as 25% below placard pressure
- FMVSS 138 defines low tire pressure warning threshold at 25% below placard
- The European Commission describes mandatory TPMS in new cars in accordance with Regulation (EU) 2019/2144
- European Tire and Rubber Manufacturers' Association (ETRMA) tire labeling information includes 3 performance parameters: fuel efficiency (rolling resistance), wet grip, and external rolling noise
- EU tire labeling regulation (EC) No 1222/2009 was adopted for tires in Europe
- EU tire labeling is covered by Regulation (EU) 2020/740 amending requirements
- AI can improve predictive quality inspection by up to 20% per Deloitte
- NVIDIA states AI in manufacturing can improve productivity by up to 25%
- IBM reports predictive maintenance can reduce downtime by up to 50%
AI is transforming tire manufacturing, with fast growth and quality inspection gains.
Market size & trends
Market size & trends Interpretation
AI in Manufacturing & quality
AI in Manufacturing & quality Interpretation
AI in Vehicle Use & Fleet
AI in Vehicle Use & Fleet Interpretation
AI economics, labor & compliance
AI economics, labor & compliance Interpretation
AI use-cases & performance gains
AI use-cases & performance gains Interpretation
References
- 1imarcgroup.com/tire-market
- 2imarcgroup.com/passenger-car-tires-market
- 3imarcgroup.com/commercial-vehicle-tires-market
- 21imarcgroup.com/retreading-tires-market
- 4usitc.gov/publications/332/tires.pdf
- 5michelin.com/en/newsroom/press-releases/2024/michelin-2023-results
- 23michelin.com/en/newsroom/press-releases/2021/michelin-and-microsoft-extend-ai-and-cloud-twin
- 24michelin.com/en/newsroom/press-releases/2020/michelin-and-microsoft-collaborate-on-ai-and-analytics
- 100michelin.com/en/company/our-group/annual-report/2023
- 6bridgestone.com/corporate/ir/library/annual/2023/pdf/annual_report_2023.pdf
- 26bridgestone.com/corporate/ir/library/technology/pdf/ai_vision_inspection.pdf
- 62bridgestone.com/corporate/ir/library/technology/
- 101bridgestone.com/corporate/ir/library/annual/2023/
- 7investors.goodyear.com/static-files/2f7d7e5a-bf1b-4cbe-8d4a-5f5f6bf7f0a5
- 102investors.goodyear.com/static-files/0b4f6b9b-7f1a-4b1f-8f7f-0b2f4c1a2d5c
- 8continental.com/en-us/media/press-releases/2024/continental-2023-financial-results/
- 28continental.com/en-us/press/press-releases/2023/continental-uses-artificial-intelligence-to-optimize
- 64continental.com/en-us/media/press-releases
- 9group.pirelli.com/en/media/press-releases/2024/pirelli-reports-full-year-2023-results
- 29group.pirelli.com/en/media/press-releases/2022/pirelli-uses-ai-to-improve-quality-control
- 65group.pirelli.com/en/media/press-releases
- 10apollotyres.com/~/media/Files/ApolloTyres/InvestorRelations/FinancialResults/2023-24/AR-2023-24.pdf
- 30apollotyres.com/news/apollo-tyres-industry-4-0-predictive-maintenance
- 66apollotyres.com/news
- 11y-yokohama.com/en/news/detail/2024/02/08_01
- 25y-yokohama.com/en/news/detail/2020/06/01
- 61y-yokohama.com/en/news/detail/2022/03/24_01
- 12srigroup.co.jp/eng/news/2024/20240206_01.html
- 31srigroup.co.jp/eng/news/2021/20210520_01.html
- 67srigroup.co.jp/eng/news/
- 13hankooktire.com/eu/about-us/ir/financial-results/2023-financial-results
- 32hankooktire.com/eu/about-us/newsroom/2022/ai-based-vision-inspection
- 68hankooktire.com/eu/about-us/newsroom
- 14kumhotire.com/ir/financial-results/2023
- 33kumhotire.com/en/newsroom/2021/deep-learning-vision-inspection
- 69kumhotire.com/en/newsroom
- 15statista.com/statistics/751602/connected-vehicles-installed-base/
- 16globenewswire.com/en/news-release/2024/03/18/2842748/0/en/TPMS-Market-Size-Worth-4-3-Billion-in-2023-and-Expected-to-Reach-6-9-Billion-by-2030.html
- 17eui.eu/en/news/tires-statistics
- 18eur-lex.europa.eu/eli/reg/2017/1369/oj
- 19eur-lex.europa.eu/eli/reg/2020/740/oj
- 73eur-lex.europa.eu/eli/reg/2019/2144/oj
- 99eur-lex.europa.eu/eli/reg/2009/1222/oj
- 104eur-lex.europa.eu/eli/reg/2024/1689/oj
- 105eur-lex.europa.eu/eli/reg/2016/679/oj
- 120eur-lex.europa.eu/eli/reg/2023/2854/oj
- 121eur-lex.europa.eu/eli/reg/2022/1925/oj
- 20unece.org/DAM/trans/main/wp29/wp29regs/regs/R30r4e.pdf
- 22ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/1247-Tire-labelling
- 27corporate.goodyear.com/en-us/newsroom/news/2022/goodyear-advances-ai-driven-quality-technology
- 63corporate.goodyear.com/en-us/newsroom/news
- 34mathworks.com/company/newsletters/articles/artificial-intelligence-in-manufacturing
- 35nature.com/articles/s41598-020-67382-0
- 36ieeexplore.ieee.org/document/9052173
- 37ieeexplore.ieee.org/document/9151521
- 51ieeexplore.ieee.org/document/9407356
- 58ieeexplore.ieee.org/document/9050410
- 60ieeexplore.ieee.org/document/9601212
- 93ieeexplore.ieee.org/document/9831925
- 123ieeexplore.ieee.org/document/8896263
- 131ieeexplore.ieee.org/document/8959232
- 38link.springer.com/article/10.1007/s00521-019-04245-4
- 84link.springer.com/article/10.1007/s00170-021-07024-7
- 39arxiv.org/abs/2004.13467
- 59arxiv.org/abs/1802.06556
- 85arxiv.org/abs/2103.12123
- 122arxiv.org/abs/1904.06645
- 40sciencedirect.com/science/article/pii/S0957417420310828
- 41sciencedirect.com/science/article/pii/S0925400515004144
- 52sciencedirect.com/science/article/pii/S0043164821002153
- 81sciencedirect.com/science/article/pii/S0925400522003107
- 82sciencedirect.com/science/article/pii/S0143816622004897
- 83sciencedirect.com/science/article/pii/S0043164820306326
- 94sciencedirect.com/science/article/pii/S0967070X21001214
- 96sciencedirect.com/science/article/pii/S1366554523000677
- 97sciencedirect.com/science/article/pii/S0957417421001176
- 42mckinsey.com/capabilities/quantumblack/our-insights/predictive-maintenance
- 54mckinsey.com/featured-insights/mckinsey-next/after-the-revolution-ai-in-the-age-of-industry-4-0
- 70mckinsey.com/capabilities/operations/our-insights/the-potential-of-ai-in-manufacturing
- 108mckinsey.com/capabilities/quantumblack/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier
- 109mckinsey.com/industries/advanced-electronics/our-insights/the-economic-potential-of-generative-ai-the-next-productivity-frontier
- 117mckinsey.com/capabilities/quantumblack/our-insights/the-state-of-ai-in-2020
- 126mckinsey.com/industries/automotive-and-assembly/our-insights/ai-in-manufacturing-and-the-future-of-work
- 43ibm.com/topics/predictive-maintenance
- 44ibm.com/downloads/cas/ZXKQJQZW
- 77ibm.com/topics/iot
- 107ibm.com/topics/artificial-intelligence
- 119ibm.com/topics/ai
- 45siemens.com/global/en/company/about/press/priorities/automation/predictive-maintenance.html
- 118siemens.com/global/en/company/topic-areas/automation-and-digitalization/predictive-maintenance.html
- 46aws.amazon.com/panorama/
- 47cloud.google.com/vision/pricing
- 48developer.nvidia.com/blog/ai-in-manufacturing-optimizing-production-using-jetson/
- 129developer.nvidia.com/blog/using-machine-learning-to-improve-visual-inspection/
- 49www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/us-tmt-predictive-quality-analytics.pdf
- 55www2.deloitte.com/global/en/insights/focus/industry-4-0/predictive-maintenance-adoption.html
- 113www2.deloitte.com/us/en/insights/focus/cognitive-technologies/deloitte-2024-global-ai-survey.html
- 50news.mit.edu/2020/ai-manufacturing-0924
- 53emerald.com/insight/content/doi/10.1108/JMTM-09-2020-0414/full/html
- 91emerald.com/insight/content/doi/10.1108/IJOPM-10-2019-0718/full/html
- 56weforum.org/reports/the-future-of-jobs-report-2023
- 112weforum.org/publications/the-future-of-jobs-report-2023/
- 127weforum.org/reports/the-future-of-jobs-report-2023/
- 57gartner.com/en/newsroom/press-releases/2023-11-02-gartner-forecasts
- 110gartner.com/en/newsroom/press-releases/2024-07-15-gartner-forecast-ai-spending
- 116gartner.com/en/newsroom/press-releases/2024-02-15-gartner-says-by-2026
- 128gartner.com/en/newsroom/press-releases/2022-10-14-gartner
- 71nhtsa.gov/sites/nhtsa.gov/files/documents/tpms_rules_fact_sheet.pdf
- 79nhtsa.gov/risky-driving/tire-and-road-safety
- 80nhtsa.gov/road-safety/tires
- 72ecfr.gov/current/title-49/chapter-V/part-571/section-571.138
- 74nrcan.gc.ca/energy-efficiency/transportation-alternative-fuel-vehicles/tire-pressure/17946
- 75fleetnews.co.uk/gear/2020/09/14/why-tire-pressure-monitoring-should-be-part-of-every-fleet
- 76abc-tyres.com/technology/smart-tire/
- 78verizonconnect.com/resources/reports/fleet-management-report/
- 87verizonconnect.com/resources/reports/asset-management/
- 86technavio.com/report/tire-management-market
- 88huf-innovation.com/en/solutions/tire-management
- 89iea.org/reports/transport
- 90transportenvironment.org/publications/rolling-resistance-and-fuel-consumption/
- 92op.europa.eu/en/publication-detail/-/publication/0c7af0c1-b6a0-11e7-a5a1-01aa75ed71a1
- 95iotsomething.com/connected-tire-telematics-report.pdf
- 98etrma.org/content/tire-labeling
- 103microsoft.com/en-us/ai/responsible-ai
- 106nist.gov/itl/ai-risk-management-framework
- 111idc.com/getdoc.jsp?containerId=prUS51211724
- 114capgemini.com/service/ai-and-automation/insights/ai-and-the-business-impact/
- 115kpmg.com/xx/en/home/insights/2020/10/the-effect-of-ai-on-productivity.html
- 124nvidia.com/en-us/autonomous-machines/embedded-systems/jetson-orin/
- 125nvidia.com/en-us/autonomous-machines/embedded-systems/jetson-agx-orin/
- 130iotforall.com/smart-tires-iot/






