openPR Logo
Press release

Tire Pressure Monitoring Systems Market to Record CAGR of 9.2% Rise in Growth by 2026

05-11-2023 08:32 PM CET | Tourism, Cars, Traffic

Press release from: Persistence Market Research

Tire Pressure Monitoring Systems Market

Tire Pressure Monitoring Systems Market

The global Tire Pressure Monitoring Systems Market is estimated to be valued at US$ 11,651.2 Mn by the end of 2018 and reach US$ 23,620.5 Mn by the end of 2026, at a CAGR of 9.2% over the forecast period.

Persistence Market Research (PMR) analyzes the TPMS market in its new publication titled "TPMS Market Global Industry Analysis 2013 - 2017 and Forecast 2018 - 2026". This study provides data for 2017 along with the forecast for the period (2018 - 2026). The main objective of the report is to identify the dynamics of the market and provide recent updates and insights that affect various segments of the global TPMS market. To provide a better understanding of the TPMS market, the report also includes the analysis of global drivers, restraints and trends, which influence the current market scenario and future status of the global TPMS market over the forecast period.

Click on the link for sample report: https://www.persistencemarketresearch.com/samples/3630

To understand and assess market opportunities and trends, the global TPMS market report is categorically split into different sections based on market segmentation - by type, by vehicle type, by sales channel and by region. The report starts with an overview of the TPMS market and provides market definition & taxonomy, along with the value chain, pricing analysis, drivers, restraints, and trends in the market. The sections that follow include the global TPMS market analysis by type, by vehicle type, by sales channel and by region. All the above sections evaluate the TPMS market on the basis of various factors affecting the market. Each section discusses the qualitative and quantitative aspects of the global TPMS market. To give a brief idea about revenue opportunities from the type, vehicle type, sales channel and regional segments, the report also provides the value of the TPMS market, absolute $ opportunity, and total incremental opportunity for each segment over the forecast period (2018 - 2026).

In the final section of the report, we have provided the global TPMS market structure and a detailed competition landscape with company market share and performance to provide a dashboard view of key players operating in the global market along with their business strategies to report audiences. This is expected to enable clients to assess strategies deployed by market leaders and help them develop effective strategies accordingly.

Research Methodology

For market data analysis, we have considered 2017 as the base year, with market numbers estimated for 2018 and forecasts for 2018 - 2026. To calculate the market size, the report considers the weighted average price of TPMS based on the type, such as direct TPMS and indirect TPMS, across key geographies on a country basis. The forecast assesses the total revenue (US$ Mn) and volume ('000 Units) of the global TPMS market. To deduce the market value, the cost of each type has been considered. In order to provide an accurate forecast, we have started by sizing up the current market, which forms the basis of how the global TPMS market is expected to develop in the future.

Critical market data, including the base number and segment splits, has been devised through in-depth secondary and primary research. This data is then triangulated on the basis of different verticals by considering supply side as well as demand side drivers and other dynamics of various regional markets, along with primary interviews of manufacturers and industry experts operating in the global TPMS market. The forecast presented in the report evaluates the actual cost of the different types of TPMS and the cost as per brands in the global TPMS market over the forecast period.

We have also analyzed the different segments of the global TPMS market in terms of Basis Point Share (BPS) to understand the relative contribution of individual segments to market growth. This detailed level of information is important for identifying various key trends governing the global TPMS market. The report also analyzes the global TPMS market based on the absolute dollar opportunity. This is usually overlooked while estimating the market forecast. However, from a sales perspective, it is essential to identify the absolute dollar opportunity to identify potential resources in the TPMS market.

PMR has developed a market attractiveness index to understand the key segments in terms of their performance and growth in the global TPMS market. This market attractiveness index is expected to help clients identify real market opportunities in the global TPMS market.

Key Players 

Some of the key market participants reported in this study of the global TPMS market include ZF Friedrichshafen AG, Continental AG, Sensata Technologies, Inc., Denso Corporation, Pacific Industrial Co., Ltd., NXP Semiconductors, WABCO, 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 and ATEQ.

Click on the link for customized report: https://www.persistencemarketresearch.com/request-customization/3630

Segmentation

Type

• Direct
• Indirect

Vehicle Type

• Passenger Car
• Light Commercial Vehicle (LCV)
• Heavy Commercial Vehicle (HCV)

Sales Channel

• OEM (Original Equipment Manufacturer)
• Aftermarket

Region

• North America
• Latin America
• Europe
• South East Asia & Pacific
• China
• Middle East & Africa (MEA)

This report covers a thorough analysis of:

• Market segment
• Market dynamics
• Market size
• Supply demand
• Current Trends/Issues/Challenges
• Competition and related companies
• Technology
• Value chain

Regional analysis includes:

• North America (USA, Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, France, UK, Spain)
• Eastern Europe (Poland, Russia)
• Asia Pacific (China, India, ASEAN, Australia and New Zealand)
• Japan
• Middle East and Africa (GCC countries, South Africa, North Africa)

Click on the link to access the full report: https://www.persistencemarketresearch.com/checkout/3630

Report highlights:

• Detailed overview of the top markets
• Changing market dynamics of the industry
• In-depth market segmentation
• Historical, current and projected market size in terms of volume and value
• Recent industry trends and developments
• competitive landscape
• Strategies of major players and products provided
• Potential and niche segments, areas showing promising growth
• A neutral view of market performance
• Essential information for market participants to maintain and strengthen their market footprint

Related Reports -

ADAS Aftermarket: https://www.persistencemarketresearch.com/market-research/adas-aftermarket-market.asp
Automotive Digital Key Market: https://www.persistencemarketresearch.com/market-research/automotive-digital-key-market.asp

Contact us:
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com

About us:
The Automotive and Transportation division of PMR provides exclusive coverage and actionable insights about the automotive and transportation industry encompassing the automotive, aviation, shipping and marine, and railway sectors. Market findings and competition intelligence of OEM, aftermarket, services, and technology landscape have helped numerous industry stakeholders' right from automakers, component manufacturers, channel partners, and service providers in taking informed decisions and keeping them up-to-date with market behavior.

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 Tire Pressure Monitoring Systems Market to Record CAGR of 9.2% Rise in Growth by 2026 here

News-ID: 3050995 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


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,