openPR Logo
Press release

Automotive TPMS Market is Expected to Expand at a CAGR of 6.7% by 2024 End

01-12-2017 03:03 PM CET | Tourism, Cars, Traffic

Press release from: Persistence Market Research Pvt. Ltd

TPMS Market, Automotive Tire Pressure Monitoring System, Automotive Tire Pressure Monitoring System market, Tire Pressure

TPMS Market, Automotive Tire Pressure Monitoring System, Automotive Tire Pressure Monitoring System market, Tire Pressure

Direct Tire Pressure Monitoring System is estimated to account for leading market revenue share of 99% by 2016 end. Global sales of direct TPMS is estimated to increase at a CAGR of 6.7% from 2016 to 2024. This high growth is due to expected implementation of legislations related to the TPMS in countries such as China, India, Japan, and Russia.

Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/3630

Stringent government regulations to equip TPMS in passenger vehicles, growing adoption of automotive safety systems and rising focus on improving fuel economy and reducing property damage as a result of accidents associated with low tire pressure are key factors expected to fuel demand for automotive TPMS over the forecast period (2016-2024).

By vehicle type, passenger car segment is the largest segment in the global automotive TPMS market. This segment is estimated to account for 79% value share of the market by 2016 end. Growing demand for luxury cars is expected to continue to push demand for automotive TPMS in passenger car segment. Mandatory use of TPMS in passenger vehicles in the U.S., South Korea, and the European Union is further fueling the growth of the passenger cars segment in the global automotive TPMS market.

Aftermarket segment is projected to continue to account for a major market share in 2016. Direct TPMS requires replacement after a certain period of time and increasing vehicle parc is expected to drive sales through the aftermarket, especially in the U.S. and the European Union where the TPMS use mandatory for passenger vehicles.

North America is estimated to remain the largest market for automotive TPMS, accounting for 47.3% revenue share of the market by 2016 end. Demand is expected to be robust in Europe, where adoption of TPMS mandating legislation would drive the growth of the market.

Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/tire-pressure-monitoring-systems-market/toc

Sensata Technologies Inc., Continental AG, and Pacific Industrial Co., Ltd. are projected to continue to be the top three players in the global automotive TPMS market. Mergers & acquisitions remains a key business strategy for leading players in the global automotive TPMS market. Major players in the global TPMS market are also focusing on expanding their aftermarket businesses, as the aftermarket sales is a major revenue generation source for TPMS manufacturers.

To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/3630

View Report Table of Content, Figures, and Tables

PMR Long-term Outlook on Global TPMS Market: The global automotive TPMS market is expected to expand at a CAGR of 6.7% in terms of value during the forecast period. Presently, North America is the largest market for automotive TPMS, however, Asia-Pacific is expected to emerge as the largest market for automotive TPMS over the forecast period.

About Us

Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

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 Automotive TPMS Market is Expected to Expand at a CAGR of 6.7% by 2024 End here

News-ID: 411329 • Views:

More Releases from Persistence Market Research Pvt. Ltd

Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Market to Hit Surpass US$ 679.6 Million by 2032
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032. The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthetic Lasers Market
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism. Stay Ahead with Market Intelligence Get Free
Predictive Insights for Precision Medicine: The Global Biosimulation Market is Set to Hit USD 10 billion by 2030
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.  Market Overview The biosimulation market has experienced rapid growth
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheelchairs to Boost Growth
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing. Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961 The global wheelchair and components market has witnessed significant growth in

All 5 Releases


More Releases for TPMS

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,
Global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Market with Top …
A tire-pressure monitoring system (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. TPMS report real-time tire-pressure information to the driver of the vehicle, either via a gauge, a pictogram display, or a simple low-pressure warning light. The main factors driving the demand for automotive TPMS are strict safety norms, increasing health and safety awareness among consumers, technology advancement
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,
Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Market Size & Share 201 …
The report analyzes and presents an overview of "Global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) Market Professional Survey Report 2018" worldwide. The main objective of this report is to define, describe, and forecast the global “Tire Pressure Monitoring System (TPMS) (Automobile TPMS)” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth