Press release
Wheel Speed Sensor Market Is Projected To Reach 7960 Million USD by The End of 2025 - QYResearch
In terms of consumption side, this report focuses on the consumption of Wheel Speed Sensor by regions and application. The key regions like North America, Europe, Asia-Pacific, Central & South America, Middle East and Africa etc. Wheel Speed Sensor is a type of tachometer. It is a sender device used for reading the speed of a vehicle’s wheel rotation. Currently, the wheel speed sensors are different which installed in the same vehicle. For some vehicles, the front left wheel and the front right wheel are also different.
Wheel speed sensor is a sender device used for reading the speed of a vehicle’s wheel rotation. The types of wheel speed sensor mainly include hall type and magnetic electric type. The wheel speed sensor is relatively concentrated, the production of top ten manufacturers account about 87% of global production. The high-end products mainly come from Europe and China. In the world wide, the plants of major manufactures mainly distribute in Europe and China. The transnational companies, like Bosch and Continental, are the leading manufactures in the World.
The import and export business of this industry is not very frequent. The main reason lies in that the wheel speed sensor manufactures build factories in the main consumption countries. This industry is affected by the economy and policy, so it’s important to put an eye to economic indexes and leaders’ prefer. With the global economic recovery, more and more countries focus on car industry especially in underdevelopment regions that have fast economic growth and potentially car consumption, the need of wheel speed sensor will increase.
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The Wheel Speed Sensor market was valued at 7160 Million US$ in 2017 and is projected to reach 7960 Million US$ by 2025, at a CAGR of 1.3% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Wheel Speed Sensor.
This report includes the following manufacturers; we can also add the other companies as you want.
Bosch
Continental
MOBIS
ZF TRW
AISIN
Delphi
WABCO
Knorr-Bremse
MHE
Hitachi Metal
Market Segment by Product Type
Hall Type
Magnetic Electric Type
Market Segment by Application
Passenger Vehicle
Commercial Vehicle
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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