Press release
Global Automotive TPMS Market to Record a Sluggish CAGR of 6.7% from 2016 to 2024
Direct TPMS is estimated to account for leading market revenue share of 99% by 2016 end. Global sales of direct TPMS is estimated to increase at a CAGR of 6.7% from 2016 to 2024. This high growth is due to expected implementation of legislations related to the TPMS in countries such as China, India, Japan, and Russia.
Global Automotive TPMS Market Research Report Overview @ @ https://www.persistencemarketresearch.com/market-research/tire-pressure-monitoring-systems-market.asp
By vehicle type, passenger car segment is the largest segment in the global automotive TPMS market. This segment is estimated to account for 79% value share of the market by 2016 end. Growing demand for luxury cars is expected to continue to push demand for automotive TPMS in passenger car segment. Mandatory use of TPMS in passenger vehicles in the U.S., South Korea, and the European Union is further fueling the growth of the passenger cars segment in the global automotive TPMS market.
Aftermarket segment is projected to continue to account for a major market share in 2016. Direct TPMS requires replacement after a certain period of time and increasing vehicle parc is expected to drive sales through the aftermarket, especially in the U.S. and the European Union where the TPMS use mandatory for passenger vehicles.
Request Sample Report @ https://www.persistencemarketresearch.com/samples/3630
North America is estimated to remain the largest market for automotive TPMS, accounting for 47.3% revenue share of the market by 2016 end. Demand is expected to be robust in Europe, where adoption of TPMS mandating legislation would drive the growth of the market.
Sensata Technologies Inc., Continental AG, and Pacific Industrial Co., Ltd. are projected to continue to be the top three players in the global automotive TPMS market. Mergers & acquisitions remains a key business strategy for leading players in the global automotive TPMS market. Major players in the global TPMS market are also focusing on expanding their aftermarket businesses, as the aftermarket sales is a major revenue generation source for TPMS manufacturers.
Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/tire-pressure-monitoring-systems-market/toc
PMR Long-term Outlook on Global TPMS Market: The global automotive TPMS market is expected to expand at a CAGR of 6.7% in terms of value during the forecast period. Presently, North America is the largest market for automotive TPMS, however, Asia-Pacific is expected to emerge as the largest market for automotive TPMS over the forecast period.
Get Full Report now @ https://www.persistencemarketresearch.com/checkout/3630
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
Contact Us
Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA – Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Automotive TPMS Market to Record a Sluggish CAGR of 6.7% from 2016 to 2024 here
News-ID: 1041045 • Views: …
More Releases from Persistence Market Research
Avocado Puree Market to Reach $2.2 Bn by 2032 Driven by Rising Demand for Health …
The global avocado puree market is expected to witness steady growth in the coming years, driven by the increasing demand for natural and healthy food ingredients across both developed and emerging markets. According to Persistence Market Research, the avocado puree market size is projected to reach US$1.6 billion in 2025 and is anticipated to grow to US$2.2 billion by 2032, expanding at a compound annual growth rate (CAGR) of 4.9%…
Packaging Machinery Market to Reach US$US$ 82,389.7 million by 2030, Expanding a …
The packaging machinery industry stands as a crucial component of global manufacturing, providing the technology that powers efficient, high-speed, and precise packaging operations across industries such as food and beverage, pharmaceuticals, personal care, and consumer goods. By automating essential tasks like filling, labeling, sealing, wrapping, and palletizing, packaging machinery enhances production efficiency, reduces waste, and ensures product safety and shelf appeal.
Get a Sample PDF Brochure of the Report (Use Corporate…
Beverage Packaging Market to Reach US$ 1,38,867.1 Million by 2031: Growth Driven …
The global beverage packaging market is undergoing a transformative phase, driven by changing consumer preferences, increasing demand for sustainable materials, and advancements in packaging technologies. Packaging plays a critical role in the beverage industry-not just in product protection, but also in brand differentiation, convenience, and sustainability. The evolution of eco-friendly materials, lightweight packaging formats, and digital printing technologies is reshaping how beverages are presented and consumed worldwide.
According to the latest…
Fast-Food Reusable Packaging Market to Reach US$33.96 Bn by 2030, Driven by Sust …
The global fast-food reusable packaging market is undergoing a major transformation, driven by growing environmental awareness, stringent government regulations on single-use plastics, and the rising consumer preference for sustainable dining solutions. As fast-food chains and quick-service restaurants (QSRs) around the world adopt eco-friendly practices, reusable packaging has emerged as a cornerstone of sustainable food delivery and consumption.
According to the latest study by Persistence Market Research, the global fast-food reusable packaging…
More Releases for TPMS
Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Market to Witness Huge …
Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Market uses sensors attached to the wheel speed sensors of ABS/ESC systems to monitor the tyre pressure of a vehicle. The battery-operated TPMS system has a lifespan of 6 to 10 years. Several governments have started implementing strict safety laws that call for the incorporation of cutting-edge safety features like TPMS, ABS, and lane departure warning systems. To lower the rising accident rate,…
Global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Market size,Shar …
"A SWOT Analysis of Tire Pressure Monitoring System (TPMS) (Automobile TPMS), Professional Survey Report Including Top Most Global Players Analysis with CAGR and Stock Market Up and Down."
Apply here for the FREE sample copy of the report @: https://www.syndicatemarketresearch.com/sample/tire-pressure-monitoring-system-tpms-automobile-tpms-market
The "Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Market" research report presents an all-inclusive study of the global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market. The report includes all the major…
Battery-less TPMS Market Top Companies Analysis, In-Depth Insight, Business Oppo …
A thorough analysis of Battery-less TPMS Market statistics about the current as well as emerging trends offers clarity regarding the Battery-less TPMS Market dynamics. The report includes Porter's Five Forces to analyze the prominence of various features such as the understanding of both the suppliers and customers, risks posed by various agents, the strength of competition, and promising emerging businesspersons to understand a valuable resource. Also, the report spans the…
Global Automobile TPMS Market | Compound Annual Growth Rate
A Tire Pressure Monitoring System (TPMS) is an electronic system designed to monitor the air pressure inside pneumatic tires on various types of vehicles. According to the Report Consultant latest document, the Automobile TPMS Market is projected to develop at a rapid pace. Therefore, during the forecast period, the report estimates market share in terms of volume. In addition, this document contains an in-depth analysis of current developments, development opportunities,…
Battery-less TPMS Market Estimation with Key Players like Batteryless TPMS, ALPS …
Battery-less TPMS Industry research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period.
Get FREE Sample Report Before Buying @ https://www.upmarketresearch.com/home/requested_sample/10252
UpMarketResearch offers a latest published report on “Global Battery-less TPMS Market Analysis and Forecast 2018-2023” delivering key insights and providing a competitive advantage to clients through a…
Automotive Tire Pressure Monitoring System (TPMS) Market Report 2018: Segmentati …
Global Automotive Tire Pressure Monitoring System (TPMS) market research report provides company profile for Continental AG (Germany), Pacific Industrial Co. Ltd (Japan), Huf Hülsbeck & Fürst GmbH & Co. KG (Germany), ZF Friedrichshafen AG (Germany), Schrader Electronics (U.K) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume,…
