Tyre Pressure Monitoring Systems Market Size, Share, Development and Demand Forecast to 2020

GLOBAL INDUSTRY INSIGHT: Tyre Pressure Monitoring Systems Market Size, Share, Development, Growth and Demand Forecast to 2020

Tyre

Pressure

Monitoring

Systems

(TPMS)

Market

Size,

Share,

Development, Growth and Demand Forecast to 2020

The global tyre pressure monitoring system market is driven by the technological advancements and increased safety awareness among consumers. The increase in vehicle sales as a result of growth in per capita income of consumers is another factor, which is driving the growth of the global tyre pressure monitoring system industry.

The reduced fuel consumption, real time pressure & temperature monitoring, and increased lifespan of tyre are some of the advantages of tyre pressure monitoring system.

Browse Report at: https://www.psmarketresearch.com/market-analysis/tyre-pressure-monitoring-systems-market The automotive safety systems have become more sophisticated, advanced, and efficient. The augmented adoption rate of automotive safety systems by the automotive industry has resulted in the reduced number of accidents and minimizes the impact of accidents on people. Tyre pressure monitoring systems (TPMS) is a device to control real time tyre pressure and temperature. It is used to monitor the air pressure inside the inflated tyres on several types of vehicles. Wireless TPMS consists of a display unit and sensors. The display unit consists of a built in lithium ion battery in the display unit, so that there is no need to connect a power cable with it.

When the car’s tyre hits on a nail or any sharp object, air starts to leak out from the tyre, which remains unnoticed by the drivers. This can be dangerous, if the tyre turns out to be flat. A flat tyre can disturb the balance of the car and may lead to accidents. A flat tyre can be dangerous, as it can completely destroy the tyre and eventually the rim. The tyre pressure monitoring systems alarm the driver of the vehicle in this kind of situations, so that preventive action can be taken before any mishappening takes place.

North America dominated the global tyre pressure monitoring systems market in 2014. Europe is expected to dominate the global market and witness high growth in the future. The vehicles equipped with original equipment manufacturing accessories are more reliable, as compared to the after-market tyre pressure monitoring systems.

The installation of safety systems, such as tyre pressure monitoring system have been made compulsory in developed countries, while the legislation in developing countries are creating higher growth opportunities.

However, the high prices of TPMS are a major factor obstructing the growth of the global tyre pressure monitoring systems market.

Browse Related Research: https://www.psmarketresearch.com/industry-report/automotive-and-transportation The increasing demand for luxury vehicles in the regions, such as Europe and Asia- Pacific, mainly in developing economies such as India and China, is driving the growth of the global tyre pressure monitoring system market.

ZF TRW Automotive Holdings Corp., AVE Technologies, Schrader International Inc., General Electric Company, BARTEC US Corp. are some of the major competitors in the global tyre pressure monitoring systems market..

GLOBAL TYRE PRESSURE MONITORING SYSTEM MARKET SEGMENTATION:

By Vehicle Type

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2

Tyre

Pressure

Monitoring

Systems

(TPMS)

Market

Size,

Share,

Development, Growth and Demand Forecast to 2020

•

Light commercial vehicle (LCV)

•

Heavy commercial vehicle (HCV)

•

Passenger Vehicle

By Technology •

Direct TPMS

•

Indirect TPMS

By Channel Type •

OEMs

•

Aftermarket

By Region North America •

U.S.

•

Canada

•

Rest of North America

Latin America •

Mexico

•

Brazil

•

Rest of Latin America

Western Europe •

Germany

•

Italy

•

France

•

U.K.

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3

Tyre

Pressure

Monitoring

Systems

(TPMS)

Market

Size,

Share,

Development, Growth and Demand Forecast to 2020

•

Spain

•

Rest of Western Europe

Eastern Europe •

Poland

•

Russia

•

Rest of Eastern Europe

Asia-Pacific •

China

•

India

•

New Zealand

•

Australia

•

Rest of APAC

Middle East & Africa •

South Africa

•

Rest of MEA

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© P&S Market Research. All rights reserved

4

Tyre

Pressure

Monitoring

Systems

(TPMS)

Market

Size,

Share,

Development, Growth and Demand Forecast to 2020

market analysis, through their interaction with leading companies of the concerned domain. We help our clients with B2B market research and assist them in identifying various windows of opportunity, and framing informed and customized business expansion strategies in different regions.

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