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Global Tire Pressure Monitoring Systems Market Explore Future Growth 2025 by Global Top Players – Pacific Industrial Co. Ltd., NXP Semiconductors, WABCO, Huf Hülsbeck & Fürst GmbH & Co. KG, Nira Dynamics AB

Global “Tire pressure monitoring system Market” is set to rise from its initial estimated value of USD 10.5 billion to an estimated value of USD 21.7 billion by 2025 while registering a CAGR of 9.5% in the forecast period to 2025. 

Key Market Competitors:

Few of the major market competitors in the Tire Pressure Monitoring Systems Market are:  Knorr-Bremse AG, DUNLOP TECH GmbH, HAMATON AUTOMOTIVE TECHNOLOGY CO. LTD, Bartec USA LLC, ATEQ TPMS, Infineon Technologies AG, Garmin Ltd., ALLIGATOR Ventilfabrik GmbH, PressurePro, 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, ALPS ELECTRIC CO. LTD., Aptiv, Dill Air Controls Products, Doran Manufacturing LLC., HELLA GmbH & Co. KGaA, OMRON Corporation, Valeo, Valor, GENERAL ELECTRIC, CUB ELECPARTS INC., E-LEAD ELECTRONIC CO. LTD., and STEELMATE. 

Global Tire Pressure Monitoring Systems Market Type (Direct, Indirect), End-User (OEM, Aftermarket), Vehicles (Passenger, Commercial), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2025

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Tire Pressure Monitoring System (TPMS) Market also covers product scope, market overview, market opportunities, market risk, market driving force, sales, revenue, price, market share, region, sales channel, distributors, traders, dealer. 

Tire pressure monitoring system is an electronic diagnostic system installed inside tires to measure air pressure of the tires. These systems provide live information to the driver of the vehicle, via a dashboard indicator. These systems monitor the tire pressure, which help in maintaining the handling of the vehicle reduce the wear and tear of the tires and help in increase the economy of the vehicles.

Europe had the biggest market share of 37.1% in 2017. Regulations in the region regarding the tire pressure monitoring systems is also set to increase the share of the market in the forecast period. 

Government regulations regarding the use of tire pressure monitoring systems in vehicles is driving the market growth. Increased global sales of vehicles are also a key factor in the market growth. 

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key Market players involved in this industry

Detailed analysis of the Market Segmentation

Competitive analysis of the key players involved 

Competitive Analysis:

The global tire pressure monitoring systems market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of tire pressure monitoring systems market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa. 

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Major Topics Covered in this Report:

Chapter 1 Study Coverage

Chapter 2 Executive Summary

Chapter 3 Market Size by Manufacturers

Chapter 4 Supervisory Control and Data Acquisition System Production by Regions

Chapter 5 Supervisory Control and Data Acquisition System Consumption by Regions

Chapter 6 Market Size by Type

Chapter 7 Market Size by Application

Chapter 8 Manufacturers Profiles

Chapter 9 Production Forecasts

Chapter 10 Consumption Forecast

Chapter 11 Upstream, Industry Chain and Downstream Customers Analysis

Chapter 12 Opportunities & Challenges, Threat and Affecting Factors

Chapter 13 Key Findings

Chapter 14 Appendix 

Table Of Contents Available For This Market Request For TOC Here@ https://databridgemarketresearch.com/toc/?dbmr=global-tire-pressure-monitoring-systems-market 

Market Drivers:

Improved regulations regarding the safety concerns of the vehicle have increased the demand for the system in the original equipment manufacturer sector which is driving the market growth

Rise in sales of vehicles globally has also resulted in the market growth as the regulations set out by the authorities induce the manufacturers to install tire pressure monitoring systems market in the vehicles 

Market Restraints:

High cost of Tire Pressure Monitoring Systems has restricted the aftermarket demand of these products and this factor is restraining the market growth

Potential chances of vehicle tracking through the tire pressure monitoring systems is a high possibility, and this factor is restricting the market growth

Segmentation:

  • By Type
  1. Direct Tire Pressure Monitoring Systems
  2. Indirect Tire Pressure Monitoring Systems
  • By End-User
  1. Original Equipment Manufacturers (OEM)
  2. Aftermarket
  • By Vehicles
  1. Passenger
  2. Commercial
  3. Light Commercial Vehicles
  4. Heavy Commercial Vehicles
  • By Geography
  1. North America

US

Canada

Mexico

  1. South America

Brazil

Argentina

Rest of South America

  1. Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Turkey

Belgium

Netherlands

Switzerland

Rest of Europe

  1. Asia-Pacific

Japan

China

South Korea

India

Australia

Singapore

Indonesia

Malaysia

Thailand

Philippines

Rest of Asia Pacific

  1. Middle East and Africa

South Africa

Egypt

Saudi Arabia

United Arab Emirates

Israel

Rest of Middle East and Africa 

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