GLOBAL PICKUP WHEEL SPEED SENSOR market will reach at $ 452.2 million by 2032- Bosch Continental MOBIS ZF TRW AISIN Delphi WABCO Knorr-Bremse MHE Hitachi Metal

GLOBAL PICKUP WHEEL SPEED SENSOR market will reach at $ 452.2 million by 2032 at CAGR 9.45% Bosch Continental MOBIS ZF TRW AISIN Delphi WABCO Knorr-Bremse MHE Hitachi Metal.

The growth of the market can be attributed to the increasing demand for passenger cars and commercial vehicles, raising awareness about vehicle safety, and technological advancements in wheel speed sensors. The pickup wheel speed sensor market is segmented by type, application, and region. By type, the market is divided into Hall type and magnetic electric type sensors. By application, the market is classified into diesel-powered vehicles and gasoline-powered vehicle segments. Regionally, the pickup wheel speed sensor market has been segmented into North America, Latin America Europe Asia Pacific (APAC), and Middle East & Africa (MEA).

Segment by Type
Hall Type
Magnetic Electric Type

Segment by Application
Diesel
Gasoline

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Magnetic Electric Type:
Magnetic electric type in pickup wheel speed sensor is a common type of sensor used in many vehicles. These sensors are installed on the wheel and help to measure the speed at which the wheel is rotating. The speed is then transmitted to the engine control unit (ECU), which uses it to adjust the engine speed accordingly.


Application Insights:
The diesel application segment accounted for the largest market share of over 60% in terms of revenue in 2017. The demand for pickup trucks is significantly high in countries, such as India and China. In addition, the growing popularity of 4WD vehicles is projected to drive the demand for speed sensors over the forecast period. Gasoline applications are projected to witness a CAGR of XX% from 2018 to 2028 owing to increasing vehicle production by major players including Ford Motor Company and General Motors Company along with ongoing technological advancements that have resulted in reduced manufacturing costs per unit volume which have ultimately led to increased penetration across a broad range of vehicles including passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs) and buses among others.


Regional Analysis:
The Asia Pacific dominated the global market in terms of revenue share in 2017. The region is projected to maintain its dominance over the forecast period. This can be attributed to increasing automobile production and sales, especially in China and India. Furthermore, rising disposable income levels coupled with a growing population will boost automotive sales further driving product demand across this region.


North America is projected to be the second-largest market over the forecast period. The US is a major automotive market in this region and is projected to grow at a CAGR of XX% from 2018 to 2028. This can be attributed to factors such as an economic rebound, which has resulted in increased vehicle sales, and ongoing technological advancements that have resulted in reduced manufacturing costs per unit volume which have ultimately led to increased penetration across a broad range of vehicles including passenger cars, light commercial vehicles (LCVs), heavy commercial vehicles (HCVs) and buses among others.



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Some of the companies that are profiled in this report are:

Bosch
Continental
MOBIS
ZF TRW
AISIN
Delphi
WABCO
Knorr-Bremse
MHE
Hitachi Metal

Pickup Wheel Speed Sensor Market 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. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

Industry drivers, restraints, and opportunities covered in the study
Neutral perspective on the market performance
Recent industry trends and developments
Competitive landscape & strategies of key players
Potential & niche segments and regions exhibiting promising growth covered
Historical, current, and projected market size, in terms of value
In-depth analysis of the Pickup Wheel Speed Sensor Market

Overview of the regional outlook of the Pickup Wheel Speed Sensor Market:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

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We have studied the Pickup Wheel Speed Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.

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