Automotive Tire Pressure Monitoring System (TPMS) Market Pegged for Robust Expansion During 2024
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This report covers the global automotive TPMS market performance in terms of value and volume contribution. The report includes key trends, drivers, restraints and opportunities influencing the growth of the global automotive TPMS market. Impact analysis of key growth drivers and restraints, based on the weighted average model is included in this report to better equip clients with crystal clear decision-making insights.
Growing consumer awareness about vehicular safety subsequently leading to rising adoption of automotive safety technologies, improved fuel economy, and implementation of TPMS mandating legislation across key geographies are driving the market for automotive TPMS worldwide. The global automotive TPMS market is expected to expand at a CAGR of 6.7% over the forecast period.
To understand and assess opportunities in the global automotive TPMS market, the report is categorically divided into four segments namely, by product type, vehicle type, sales channel, and region. Each product type has been studied in detail to arrive at the market size, both in terms of market value (US$ Mn) and market volume (‘000 units).
The report also includes PMR’s analysis of drivers and restraints witnessed in the market. Key trends scenario in the global market is also included in the report to equip the client with key decisive insights.
The subsequent sections analyze the global automotive TPMS market on the basis of product type, vehicle type, sales channel and region, and presents a forecast for the period 2016-2024.
The automotive TPMS market is segmented as follows:
By Product Type
By Vehicle Type
Light Commercial Vehicle (LCV)
Heavy Commercial Vehicle (HCV)
By Sales Channel
Middle East & Africa (MEA)
To deduce market size, the report considers various aspects based on secondary research. Furthermore, data points such as region-wise split and market split by product type, vehicle type, and sales channel have also been considered. Qualitative inputs from primary respondents have been incorporated to arrive at appropriate market estimates. The forecast presented in the report assesses the total revenue generated and expected revenue contribution by various segments of the global market.
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When developing market forecast, the report begins with sizing the current market, which forms the basis for forecasting about how the market is anticipated to take shape in the near future. Given the characteristics of the market, PMR triangulates the data via a different analysis based on the supply side, demand side, and dynamics of the automotive TPMS market.
However, quantifying the market across the above-mentioned segments and regions is more a matter of quantifying expectations and identifying opportunities rather than rationalizing them after the forecast has been completed.
It is imperative to note that in an ever-fluctuating economy, we not only provide forecasts in terms of CAGR but also analyze on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand predictability of the market and identify right opportunities.
Another key feature of this report is the analysis of automotive TPMS market and the corresponding revenue forecast in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective of the automotive TPMS market.
To understand key segments in terms of their growth and performance in the automotive TPMS market, Persistence Market Research has developed a market attractiveness index. The resulting index should help providers identify existing market opportunities in the automotive TPMS market.
In the final section of the report, a detailed competitive landscape is included to provide a dashboard view of global automotive TPMS manufacturers. The report includes company profile of some of the major players.
ZF Friedrichshafen AG
Sensata Technologies, Inc.
Pacific Industrial Co., Ltd.
Huf Hülsbeck & Fürst GmbH & Co. KG
NIRA Dynamics AB
Bendix Commercial Vehicles Systems LLC
DUNLOP TECH GmbH
HAMATON AUTOMOTIVE TECHNOLOGY CO., LTD
Bartec USA LLC
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