openPR Logo
Press release

By 2024, Automotive TPMS Market to Value at 6.7% CAGR

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.

Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/tire-pressure-monitoring-systems-market.asp

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).

Direct TPMS 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.

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

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.

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 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.

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
Web: http://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 By 2024, Automotive TPMS Market to Value at 6.7% CAGR here

News-ID: 655645 • Views: 137

More Releases from Persistence Market Research PVT. LTD.

Shock Detector Market Revenue and Value Chain 2018-2028
Shock Detector A Shock Detector, also referred to as an impact monitor or a shock overload device, senses and indicates if a physical impact or shock has been experienced by a specimen. Such detectors are installed on fragile shipments to indicate whether a potentially disfiguring impact or drop may have occurred during transit. Now-a-days, in various sports, such as rugby, Shock Detectors are sometimes integrated in players’ helmets to confirm if an
Cloud Advertising Market to Witness an Outstanding Growth During 2016 – 2022
One of the reasons that internet has expanded as swiftly as it has can be attributed to the remarkable growth of e-commerce. Consumers now prefer to shop for everything from clothes to vehicles on the internet. In order to tap into this exploding market, organizations have progressively moved more of their efforts online. The entire business model of e-commerce giants like Amazon are based on cloud marketing; utilizing the tools
Research Focused on the Eubiotics Market Forecast up to 2020
Eubiotics refers to the products that are used for maintaining optimal balance of microflora (eubiosis) in the gastrointestinal tract. It is essential for producing well-nourished animals. Eubiotics help in proper nutrient absorption required for normal working of the body. Rise in demand for animal protein products, ban on use of antibiotics and increasing living standards are the main driving forces for the growth of eubiotics market. On the basis of
Comprehensive Industry Report Offers Forecast and Analysis on Kelp Market 2017 …
Kelp is a type of seaweed or algae that grow in shallow, nutrient-rich saltwater, and near coastal fronts. Kelp is found mainly in kelp forests and can grow up to half a meter a day, ultimately reaching heights of 30 to 80 meters. Kelp forests are described as one of the most ecologically productive and biologically diverse habitats globally. Kelp is also known as super food for its high nutrient

All 5 Releases


More Releases for TPMS

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
Global TPMS Sensor Market Analysis, Growth, Trends & Forecast 2018-2023
June 2018, New York USA (News)- A new market study, titled “Global TPMS Sensor Market Research Report 2018”, has been featured on Research Reports Inc. This report studies the global Medical Alert Systems market status and forecast, categorizes the global Medical Alert Systems market size (value, volume) by key players, type, application The global market size of TPMS Sensor Market is $XX million in 2017 with XX CAGR from 2013 to
Tire Pressure Monitoring System (TPMS) Aftermarket | ResearchByMarkets
ResearchByMarkets / Press Release / Automotive, "Global and China Tire Pressure Monitoring System (TPMS) Industry Report, 2017-2021", 165 Pages, 16 Companies Profiled. Summary Tire Pressure Monitoring System (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. Aftermarket TPMS refers to TPMS which is used in a car after the owner purchased the car. Peruse more information: https://www.researchbymarkets.com/report/global-and-regional-aftermarket-tire-pressure-monitoring-system-tpms-market-research-report-2017-11431.html Market Segment for Tire Pressure Monitoring
Global Battery-less TPMS Market 2017 : Transense, VisiTyre, STE Engineering
Global Battery-less TPMS Market 2016 - 2017 A market study based on the " Battery-less TPMS Market " across the globe, recently added to the repository of Market Research, is titled ‘Global Battery-less TPMS Market 2017’. The research report analyses the historical as well as present performance of the worldwide Battery-less TPMS industry, and makes predictions on the future status of Battery-less TPMS market on the basis of this analysis. Get Free
By 2024 Automotive TPMS Market to Rise at 6.7% CAGR
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. Browse Complete Report @ http://www.persistencemarketresearch.com/market-research/tire-pressure-monitoring-systems-market.asp Stringent government regulations to equip TPMS in passenger vehicles, growing adoption of automotive safety systems and rising focus
Global TPMS Sensor Market 2017 : Lear, Denso, ACDelco, Bendix & Steelmate
Global TPMS Sensor market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including Schrader (Sensata) Continental ZF TRW Pacific Industrial Sate Auto Electronic Huf CUB Elecparts Orange Electronic The survey report by Market Research Store is an overview of the global TPMS Sensor market. It covers all the recent trends including key developments in the global market in present and in future. Analyses of the global TPMS Sensor market