A recent report by KD market insights titled as "Tire Pressure Monitoring System Market - By Type (Direct Tire Pressure Monitoring System, Indirect Tire Pressure Monitoring System), By Technology (Conventional Tire Pressure Monitoring System, Intelligent Tire Pressure Monitoring System), By Vehicle Type (Passenger Cars, Commercial Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Sales Channel (Online Sales Channel, Offline Sales Channel, OEMs, Aftermarket) & Global Region - Market Size, Share, Trends and Forecast 2018-2023" provides the key trends, opportunities and challenges market will face in the forecasted period of 6 years i.e. 2018-2023. The study also provides the Tire Pressure Monitoring System Market competitors share and region wise analysis around the globe.
Tire Pressure Monitoring System is used to monitor tire pressure accurately and continue to enhance fleet safety and efficiency. Presently, there are two types of tire pressure monitoring systems are existing including direct and indirect system. The market for tire pressure monitoring system is growing constantly over the years and was totaled at a value of USD XXX Million in 2018. The global tire pressure monitoring system market is expected to thrive at a CAGR of 4.1% during the forecast period to reach a valuation of USD XXX Million by 2023. The tire pressure monitoring system (TPMS) consists of sensors, software, control units, and a display unit.
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Growth Drivers & Restraints:
The tire pressure monitoring system today is of great use in the automotive industry. The automakers are installing direct and indirect tire pressure monitoring systems into the vehicles in order to reduce the risk of blowouts & unplanned downtime. The tire pressure monitoring system offers other benefits to the vehicle owners including improved tire life, a lower total cost of ownership, improved fuel economy & safety and reduces CO2 emissions. Such advanced benefits of tire pressure monitoring system are poised to bolster the growth of the overall tire pressure monitoring system market in the coming years.
Over the years, the tire pressure monitoring system has gone through numerous advancements. Today, the tire pressure monitoring system is more precise, durable, easily installable and retrofit. The automobile industry is growing rapidly across the globe. The number of vehicles on road has grown remarkably and it is expected that these number will grow in upcoming years. The rising production and sales of new vehicles are augmenting the need for automotive parts and accessories including a tire pressure monitoring system. The automakers these days are more concerned about the safety level of their vehicles and are installing every potential technology in order to achieve that goal. Also, government initiatives to make such safety technologies essential in every vehicle are backing the growth of the global market of TPMS.
However, advanced technologies such as indirect tire pressure monitoring system increase the overall cost of the vehicle and due to this these technologies are generally found in premium vehicles. The indirect TPMS system is relatively low price and is not as precise as direct measurement systems, are generally found in economy cars. Further, the Asia Pacific region is likely to emerge as the largest market for tire pressure monitoring systems as the sales and production of new vehicles in Asian countries such as China, India, South Korea, and Japan is rising at a remarkable rate. In addition to this, growing automotive aftermarket across the globe is also aiding the growth of the global tire pressure monitoring system market.
Segmentation
The research offers a comprehensive analysis of tire pressure monitoring system market with respect to following sub-markets:
By Type
Direct Tire Pressure Monitoring System
Indirect Tire Pressure Monitoring System
By Technology
Conventional Tire Pressure Monitoring System
Intelligent Tire Pressure Monitoring System
By Vehicle Type
Passenger Cars
Commercial Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
By Sales Channel
Online Sales Channel
Offline Sales Channel
OEMs
Aftermarket
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa)
Competitive Landscape
The report profiles various major market players such as:
HELLA GmbH & Co. KGaA
Bridgestone Americas Tire Operations, LLC.
The Yokohama Rubber Co., Ltd.
SKF
Continental AG
Huf Hülsbeck & Fürst GmbH & Co. KG
ZF Friedrichshafen AG
Denso
Robert Bosch Oy
Sensata Technologies, Inc.
Other Prominent Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, and recent news (acquisition, expansion, technology development, research & development and other market activities).
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Table of Contents@
Research Methodology
Market Definition and List of Abbreviations
Executive Summary
Growth Drivers & Issues in Global Tire Pressure Monitoring System Market
Global Tire Pressure Monitoring System Market Trends
Opportunities in Global Tire Pressure Monitoring System Market
Recent Industry Activities, 2017
Porter's Five Forces Analysis
Market Value Chain and Supply Chain Analysis
Products Average Price Analysis, By Country
Global Tire Pressure Monitoring System Market Value (USD Million), 2017-2023
10. Global Tire Pressure Monitoring System Market Segmentation Analysis, By Type
10.1. Introduction
10.2. Market Attractiveness, By Type
10.3. BPS Analysis, By Type
10.4. Direct Tire Pressure Monitoring System Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Indirect Tire Pressure Monitoring System Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Tire Pressure Monitoring System Market Segmentation Analysis, By Technology
11.1. Introduction
11.2. Market Attractiveness, By Technology
11.3. BPS Analysis, By Technology
11.4. Conventional Tire Pressure Monitoring System Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Intelligent Tire Pressure Monitoring System Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12. Global Tire Pressure Monitoring System Market Segmentation Analysis, By Vehicle Type
12.1. Introduction
12.2. Market Attractiveness, By Vehicle Type
12.3. BPS Analysis, By Vehicle Type
12.4. Passenger Cars Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.5. Commercial Vehicles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.6. Light Commercial Vehicles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.7. Heavy Commercial Vehicles Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue…
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