Global Motorcycle Tire Pressure Management System Market Expected to Reach USD 3.75 Billion by 2032 with CAGR of 13.5%, Driven by Adoption of Advanced Safety Systems

The global motorcycle tire pressure management system (MTPMS) market, valued at USD 1.21 Billion in 2023, is projected to reach USD 3.75 Billion by 2032, growing at an impressive CAGR of 13.5% from 2024 to 2032. This surge in the market is primarily fuelled by the increasing adoption of advanced safety systems in motorcycles, along with stringent government regulations reinforcing vehicle safety.

The MTPMS market is set to witness substantial growth, given the rising integration of telematics with motorcycle tire pressure management systems. This progression is geared towards enhancing real-time monitoring capabilities, thereby markedly improving rider safety through immediate alerts and updates. Growth factors such as this clearly indicate that the motorcycle tire pressure management system market is placed on a solid growth foundation, powered by technological advancements and increased recognition of rider safety.

However, the road forward isn't devoid of challenges. The high cost associated with these advanced systems and their complex installation process may hinder the market growth. Furthermore, the lack of awareness amongst consumers about the benefits of motorcycle tire pressure management systems might also impact the expansion of this market.

Nonetheless, the market is likely to overcome these restraints with the rising trend of electric motorcycles and the ever-increasing demand for high-performance motorcycles in developing countries. As the consumer demand for motorcycles with advanced safety features continues to rise, so too will the market for motorcycle tire pressure management systems.

Highlighted as a major catalyst in this growing market, the increasing integration of telematics with motorcycle tire pressure management systems is anticipated to propel the MTPMS market during the forecast period. This evolution not only enhances real-time monitoring capabilities but significantly improves road safety through immediate alerts and updates. It also adds to the rider's convenience and assurance, contributing to an overall better riding experience.

The robust growth of the MTPMS market is a testament to the shifting focus towards advanced technology and safer motorcycle rides. With its projected growth, it's anticipated that the motorcycle tire pressure management system will become a staple in motorcycles worldwide, becoming a crucial factor in enhancing ride performance and most importantly, rider safety

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/234299

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The 𝐌𝐨𝐭𝐨𝐫𝐜𝐲𝐜𝐥𝐞 𝐓𝐢𝐫𝐞 𝐏𝐫𝐞𝐬𝐬𝐮𝐫𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐒𝐲𝐬𝐭𝐞𝐦 (𝐌𝐓𝐏𝐌𝐒) 𝐌𝐚𝐫𝐤𝐞𝐭 has been segmented on the basis of𝐓𝐲𝐩𝐞
● Direct MTPMS
● Indirect MTPMS

𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭
● Detecting System
● Alarm System
● Real-time Monitoring System
● Others

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Aftermarket
● OEMs

𝐓𝐞𝐜𝐡𝐧𝐨𝐥𝐨𝐠𝐲
● Wi-Fi
● Bluetooth
● RF

𝐃𝐢𝐬𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐂𝐡𝐚𝐧𝐧𝐞𝐥
● Online
● Offline

𝐌𝐨𝐭𝐨𝐫𝐜𝐲𝐜𝐥𝐞 𝐓𝐲𝐩𝐞
● Standard
● Sports
● Cruiser
● Touring
● Adventure
● Others

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● ASPIRIT ENTERPRISE Co., Ltd
● 𝐁𝐚𝐫𝐭𝐞𝐜 𝐓𝐏𝐌𝐒
● CUB ELECPARTS INC.
● Doran Manufacturing
● Garmin Ltd.
● HawksHead Systems
● Inovex Industries
● LID TECHNOLOGIES
● Orange Electronic
● Salutica Berhad (FOBO)
● Sate Auto Electronic
● Schrader International
● Steelmate
● Tire-SafeGaurd (HCI)
● 𝐓𝐢𝐫𝐞𝐓𝐫𝐚𝐤𝐞𝐫 𝐓𝐏𝐌𝐒

Segment Analysis

The global Motorcycle Tire Pressure Management System (MTPMS) Market is classified based on type, component, application, technology, distribution channel, and motorcycle type. In terms of type, the market is bifurcated into Direct MTPMS and Indirect MTPMS. The component segment is further grouped into detecting system, alarm system, real-time monitoring system and others. Based on application, the market is divided into aftermarket and OEMs. As per technology, the MTPMS market is categorized into Wi-Fi, Bluetooth and RF. Regarding the distribution channel, the market is split into online and offline. The motorcycle type segment comprises standard, sports, cruiser, touring, adventure and others. The segmentation provides a clear understanding of the different components that constitute the MTPMS market and aids in identifying the key areas for market expansion.

Regional Analysis

On the regional front, the MTPMS market spans Asia Pacific, North America, Latin America, Europe, and the Middle East & Africa. The Asia Pacific region holds a significant share in the market, owing to the high adoption rate of two-wheelers due to increased urbanization and economic development. North America and Europe are also substantial contributors to the market growth, with a surge in demand for advanced and safety features in motorcycles. Latin America and the Middle East & Africa are predicted to witness significant growth in the market owing to the rapidly expanding motorcycle industry in these regions. Key players in the MTPMS market include ASPIRIT ENTERPRISE Co., Ltd, Bartec TPMS, CUB ELECPARTS INC., Doran Manufacturing, Garmin Ltd., HawksHead Systems, Inovex Industries, LID TECHNOLOGIES, Orange Electronic, Salutica Berhad (FOBO), Sate Auto Electronic, Schrader International, Steelmate, Tire-SafeGaurd (HCI), TireTraker TPMS, and others

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/234299

Market Drivers:

1. Enhanced Safety: MTPMS enhances motorcycle safety by providing real-time tire pressure information to riders. This not only reduces the risk of tire burst but also improves fuel efficiency and extends tire lifespan.

2. Increase in Motorcycle Sales: With rising disposable income and a burgeoning middle class, the sale of motorcycles, especially high-performance sports bikes, has increased worldwide. This, in turn, drives the demand for advanced motorcycling technologies like MTPMS.

3. Government Regulations: Various countries are implementing stringent regulations mandating the use of tire pressure monitoring systems in vehicles to reduce road accidents caused by tire failures. This plays a significant role in driving the MTPMS market.

4. Advancement in Technology: The introduction of wireless and Bluetooth connectivity in MTPMS for easy and quick access to data fuels market growth.

Opportunities:

1. Growing Demand for Smart Tires: As IoT permeates the automotive industry, the demand for smart tires with built-in sensors to monitor tire conditions is increasing. This offers a lucrative opportunity for the MTPMS market.

2. Untapped Developing Markets: Developing countries, where motorcycle use is typically higher, present a significant opportunity for market expansion. As countries like India, China, and Brazil continue to grow, the demand for safety components like MTPMS is expected to rise.

3. Increase in Touring Motorcycles: There's a growing trend towards touring motorcycles for long-distance travel and exploring rough terrains. This segment requires more robust safety equipment, providing a significant opportunity for the growth of the MTPMS market.

4. Electric Motorcycles: With the increasing popularity and advancement of electric motorcycles, the installation of TPMS in these bikes could be a potential growth area for manufacturers. This could particularly apply in areas with strict safety and efficiency regulations

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