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Tire Pressure Monitoring Systems Market is anticipated to represent an incremental opportunity of US$ 11,969.3 Mn between 2018 and 2026|Top Key Players Includes ZF Friedrichshafen AG,Continental AG,Sensata Technologies,Denso Corporation,Pacific Industrial

Tire Pressure Monitoring Systems Market is anticipated

Factors Influencing the Growth of the Global TPMS Market

Growing regulations to mandate the installation of TPMS in developed regions such as North America, Europe and China act as a catalyst in the overall growth of the TPMS market. Moreover, healthy growth in the automotive industry will also be a prime factor supplementing the TPMS market growth over the forecast period. Furthermore, increase in the adoption of automotive safety systems is among the key factors responsible for driving the TPMS market.

The global TPMS market is estimated to be driven by an increase in the production of vehicles across the globe. Lucrative growth in the automotive industry is also expected to be a prime factor supplementing market growth.

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Global TPMS Market Segmentation and Forecast

The global TPMS market can be segmented on the basis of type, vehicle type, sales channel and region. On the basis of type, the global TPMS market can be segmented into direct and indirect. On the basis of vehicle type, the market can be segmented into passenger car, light commercial vehicle (LCV), heavy commercial vehicle (HCV). Based on sales channel, the market can be segmented into Original Equipment Manufacturer (OEM) and aftermarket. Significant regions covered in the report include North America, Latin America, Europe, SEA & Pacific, China and the Middle East & Africa.

Global TPMS Market Analysis by Type

The direct type segment is projected to account for an 89.2% volume share in the global TPMS market by the end of 2026, increasing at a CAGR of 9.0% over the forecast period.

Global TPMS Market Analysis by Vehicle Type

Among the vehicle type segments, the passenger car segment is projected to dominate the global TPMS market in 2018. The passenger car segment is projected to account for an 83.1% market value share by the end of 2026.

Global TPMS Market Analysis by Sales Channel

The OEM segment is estimated to dominate the global TPMS market with a volume share of 60.7% by the end of 2026 end with a CAGR of 9.1%. The aftermarket segment is anticipated to gain traction in the coming years.

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Global TPMS Market Analysis by Region

From a regional perspective, North America is estimated to represent 37.0% of the market volume share in 2018. The market is expected to increase at a volume CAGR of 8.3% over the forecast period. The sales revenue of TPMS batteries in North America is expected to reach US$ 9,461.4 Mn by the end of 2026 with a CAGR of 8.5% over the forecast period. Market growth in China and SEA & Pacific is expected to remain high as compared to the global average. The regions are expected to register respective CAGRs of 10.3% & 10.0% over the forecast period.

Global TPMS Market Forecast

Market insights suggests that the overall width of the global TPMS market will expand during the forecast period. Several positive changes are expected to fuel the growth of the market. The market is relatively small and each portion has a crucial role to play. By type, the direct type segment will play a pivotal role in building market revenue and is expected to occupy a major share of the market. The report hints that the passenger car segment, by vehicle type, will account for a value share of 80.0% in the global TPMS market by 2018. Amongst the major markets, North America will show promising results during the forecast period. The region is estimated to hold 42.2% market value share in 2018 and the market will expand at a CAGR of 8.5% during the stipulated time period. The sales revenue of Europe will reach US$ 8,162.4 Mn by the end of 2026 while growing at a CAGR of 9.6%. The markets globally will remain fertile and vibrant during the forecast period.

Global TPMS Market Dynamics

The global TPMS market is estimated to be driven by the increasing production of vehicles across the globe. Healthy growth in the automotive industry will also be a prime factor supplementing market growth. Growing regulations that mandate the installation of TPMS in developed regions, such as North America, Europe and China, will act as a catalyst in the overall growth of the TPMS market. Moreover, increasing adoption of automotive safety systems is the key factor driving the growth of the tire pressure monitoring systems (TPMS) market over the forecast period. Furthermore, increasing demand for direct tire pressure monitoring systems (TPMS) from dedicated automotive OEMs will also give traction to the growth of the TPMS market in the coming decade.

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Table Of Content:

1. Executive Summary
1.1. Market Overview
1.2. Market Analysis
1.3. PMR Analysis and Recommendations
1.4. Wheel of Fortune

2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition

3. Market Background
3.1. Porter’s Analysis
3.2. Macro-Economic Factors
3.2.1. Global GDP by Region, 2016-2026
3.2.2. Global Automotive Production by Region
3.2.3. Global Automotive Fleet on Road Outlook by Region
3.2.4. Road Crash Statistics
3.2.5. Worldwide Road Accidents
3.3. Revised Forecast: Rationale
3.4. Forecast Factors – Relevance & Impact
3.5. Value Chain
3.6. Market Dynamics
3.6.1. Drivers
3.6.2. Restraints
3.6.3. Opportunity
3.6.4. Trends
3.7. Global Automotive TPMS Market: Regulations

4. Market Forecast
4.1. Market Volume Projections
4.2. Pricing Analysis
4.3. Market Size Projections
4.3.1. Y-o-Y Projections
4.3.2. Absolute $ Opportunity Analysis

5. Global TPMS Market Analysis 2013–2017 and Forecast 2018–2026, By Type
5.1. Introduction
5.2. Historical Market Size (US$ Mn) and Volume Analysis By Type (2013-2017)
5.3. Market Size (US$ Mn) and Volume Forecast By Type (2018-2026)
5.3.1. Direct
5.3.2. Indirect
5.4. Market Attractiveness Analysis By Type
5.5. Market Trend by Type

6. Global TPMS Market Analysis 2013–2017 and Forecast 2018–2026, By Vehicle Type
6.1. Introduction
6.2. Historical Market Size (US$ Mn) and Volume Analysis By Vehicle Type (2013-2017)
6.3. Market Size (US$ Mn) and Volume Forecast By Vehicle Type (2018-2026)
6.3.1. Passenger Cars
6.3.2. LCV
6.3.3. HCV
6.4. Market Attractiveness Analysis By Vehicle Type
6.5. Market Trend by Vehicle Type

7. Global TPMS Market Analysis 2013–2017 and Forecast 2018–2026, By Sales Channel
7.1. Introduction
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel (2013-2017)
7.3. Market Size (US$ Mn) and Volume Forecast By Sales Channel (2018-2026)
7.3.1. OEM (Original Equipment Manufacturer)
7.3.2. Aftermarket
7.4. Market Attractiveness Analysis By Sales Channel
7.5. Market Trend by Sales Channel

8. Global TPMS Market Analysis 2013–2017 and Forecast 2018–2026, By Region
8.1. Introduction
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Region (2013-2017)
8.3. Market Size (US$ Mn) and Volume Forecast By Region (2018-2026)
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. SEA and Other APAC
8.3.5. China
8.3.6. MEA
8.4. Market Attractiveness Analysis By Region
8.5. Market Trend by Region

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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.

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