Global Tire Pressure Monitoring Systems Market, By Technology (Direct TPMS, Indirect TPMS), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle (LCV), Heavy Commercial Vehicle (HCV)), Distribution Channel (OEM, Aftermarket), End User (Automotive, Aviation, Construction, Defense, e-commerce, Healthcare, Manufacturing, Other), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Tire pressure monitoring systems market size is valued at USD 26.25 billion by 2027 and is expected to grow at a compound annual growth rate of 10.00% over the forecast period of 2020 to 2027. Data Bridge Market Research report on tire pressure monitoring systems market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecasted period while providing their impacts on the market’s growth.
The tire pressure monitoring system is expected to grow notably over the forecast period of 2020 to 2027 owing to the introduction of stringent government regulations, which direct the need of cutting vehicular emissions and enhancing the fuel efficiency of the vehicle. Also the number of passenger and commercial vehicles are growing exponentially over the years, which is positively impacting the market growth. In addition, rising number of vehicles, shifting preference for advanced safety features in vehicles and luxury vehicles amongst consumers across the globe owing to increase in disposable income, growing safety awareness, increase in sales of vehicles globally along with the rising demand for high-end luxury cars and increasing economic and environmental policies are also the key drivers that would trigger growth of the tire pressure monitoring systems market. Moreover, the rapid growth of the automotive industry as well as rising government and regulatory authorities are enacting strict rules and regulations to ensure safety of vehicle passengers and drivers are nurturing ample opportunities for the growth of the tire pressure monitoring systems market in the above mentioned forecast period.
However, the high price of tire pressure monitoring systems will obstruct the growth of the tire pressure monitoring systems in the above mentioned forecast period. The impending threat of vehicle being tracked using TPMS sensors is acting as a major challenge towards the growth of the tire pressure monitoring systems market.
This tire pressure monitoring systems market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on tire pressure monitoring systems market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Tire Pressure Monitoring Systems Market Scope and Market Size
Tire pressure monitoring systems market is segmented on the basis of technology, vehicle type, distribution channel and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of technology, the tire pressure monitoring systems market has been segmented into direct TPMS and indirect TPMS.
- Tire pressure monitoring systems market on the basis of vehicle type has been segmented as passenger vehicle, light commercial vehicle (LCV) and heavy commercial Vehicle (HCV).
- Tire pressure monitoring systems market on the basis of distribution channel is segmented into OEM and aftermarket.
- On the basis of end user, the tire pressure monitoring systems market has been segmented into automotive, aviation, construction, defense, e-commerce, healthcare, manufacturing and other.
Global Tire Pressure Monitoring Systems Market Country Level Analysis
Tire pressure monitoring systems market is analyzed and market size, volume information is provided by country, technology, vehicle type, distribution channel and end user as referenced above.
The countries covered in the tire pressure monitoring systems market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA)as a part of Middle East and Africa (MEA).
North America dominates the tire pressure monitoring systems market due to the rising adoption of tire pressure monitoring systems owing to mandatory rules and regulations in the region. Asia-Pacific will be expected to witness the highest growth rate over the forecast period of 2020 to 2027 owing to strict government norms concerning the use of tire pressure monitoring systems for safety in emerging countries such as Japan, China, South Korea, and Taiwan.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Tire Pressure Monitoring Systems Market Share Analysis
Tire pressure monitoring systems market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to tire pressure monitoring systems market.
The major players covered in the tire pressure monitoring systems market report are ZF Friedrichshafen AG, Continental AG, Sensata Technologies Inc., DENSO CORPORATION, Pacific Industrial Co. Ltd., NXP Semiconductors, WABCO, Huf Hülsbeck & Fürst GmbH & Co. KG, Nira Dynamics AB, Knorr-Bremse AG, Dunlop Tech GmbH, Hamaton, Bartec USA LLC, ATEQ TPMS, Infineon Technologies AG, Garmin Ltd., ALLIGATOR Ventilfabrik GmbH, PressurePro, ALPS ELECTRIC CO. LTD., Aptiv, Dill Air Controls Products and Doran Manufacturing LLC., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Tire Pressure Monitoring Systems Market
Data Bridge Market Research is a leader in consulting and advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.