This Tire Pressure Monitoring System report will help to develop market strategies by understanding the market trends shaping and driving Tire Pressure Monitoring System Market. It helps to understand the future market competition in the market. In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufactures and the market as whole. It also analyzes key emerging trends and their impact on present and future development. The Tire Pressure Monitoring System report identifies significant trends and factors driving or inhibiting the market growth. The Tire Pressure Monitoring System report analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Global “Tire pressure monitoring system Market” is set to rise from its initial estimated value of USD 10.5 billion to an estimated value of USD 21.7 billion by 2026 while registering a CAGR of 9.5% in the forecast period to 2026.
The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Tire Pressure Monitoring System Market have also been included in the study. It helps to describes market introductions,product scope, market overview, market opportunities, market risk and market driving forces. The report analyses the top manufactures of the market with sales, revenue and price. The Tire Pressure Monitoring System report consists of the world’s crucial regional market share size, trends including the product, profit, price, value, production,capacity,supply and demand and industry growth rate.
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Tire pressure monitoring system is an electronic diagnostic system installed inside tires to measure air pressure of the tires. These systems provide live information to the driver of the vehicle, via a dashboard indicator. These systems monitor the tire pressure, which help in maintaining the handling of the vehicle reduce the wear and tear of the tires and help in increase the economy of the vehicles.
Europe had the biggest market share of 37.1% in 2017. Regulations in the region regarding the tire pressure monitoring systems is also set to increase the share of the market in the forecast period.
Government regulations regarding the use of tire pressure monitoring systems in vehicles is driving the market growth. Increased global sales of vehicles are also a key factor in the market growth.
With a systematic problem analysis, model building and fact-finding, Global Tire Pressure Monitoring Systems market report helps businesses in decision-making and managing marketing of goods and services. The data and the information regarding Automotive industry are taken from reliable sources such as websites, annual reports of the companies, and journals etc. and were checked and validated by the market experts. Global Tire Pressure Monitoring Systems report provides statistics on the current state of the industry as a valuable source of guidance and direction for companies and investors interested in this market. This is the most relevant, unique, fair and creditable global market research report which suits your business needs.
The global tire pressure monitoring systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tire pressure monitoring systems market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
- Improved regulations regarding the safety concerns of the vehicle have increased the demand for the system in the original equipment manufacturer sector which is driving the market growth
- Rise in sales of vehicles globally has also resulted in the market growth as the regulations set out by the authorities induce the manufacturers to install tire pressure monitoring systems market in the vehicles
Key Market Competitors:
Few of the major market competitors in the Tire Pressure Monitoring Systems Market are: Knorr-Bremse AG, DUNLOP TECH GmbH, HAMATON AUTOMOTIVE TECHNOLOGY CO. LTD, Bartec USA LLC, ATEQ TPMS, Infineon Technologies AG, Garmin Ltd., ALLIGATOR Ventilfabrik GmbH, PressurePro, 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, ALPS ELECTRIC CO. LTD., Aptiv, Dill Air Controls Products, Doran Manufacturing LLC., HELLA GmbH & Co. KGaA, OMRON Corporation, Valeo, Valor, GENERAL ELECTRIC, CUB ELECPARTS INC., E-LEAD ELECTRONIC CO. LTD., and STEELMATE.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key Market players involved in this industry
- Detailed analysis of the Market Segmentation
- Competitive analysis of the key players involved
Major Topics Covered in this Report:
- Chapter 1 Study Coverage
- Chapter 2 Executive Summary
- Chapter 3 Market Size by Manufacturers
- Chapter 4 Supervisory Control and Data Acquisition System Production by Regions
- Chapter 5 Supervisory Control and Data Acquisition System Consumption by Regions
- Chapter 6 Market Size by Type
- Chapter 7 Market Size by Application
- Chapter 8 Manufacturers Profiles
- Chapter 9 Production Forecasts
- Chapter 10 Consumption Forecast
- Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis
- Chapter 12 Opportunities & Challenges, Threat and Affecting Factors
- Chapter 13 Key Findings
- Chapter 14 Appendix
- By Type
- Direct Tire Pressure Monitoring Systems
- Indirect Tire Pressure Monitoring Systems
- By End-User
- Original Equipment Manufacturers (OEM)
- By Vehicles
- Light Commercial Vehicles
- Heavy Commercial Vehicles
- By Geography
- North America
- South America
- Rest of South America
- United Kingdom
- Rest of Europe
- South Korea
- Rest of Asia Pacific
- Middle East and Africa
- South Africa
- Saudi Arabia
- United Arab Emirates
- Rest of Middle East and Africa
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