Tire pressure monitoring systems are active safety systems installed in commercial cars and passenger cars. According to MarkNtel Advisors’ research report titled “Global Tire Pressure Monitoring System Market Analysis, 2020”, the CAGR of Global Tire Pressure Monitoring System market is projected to be around 9% during 2020-25. At present, Europe has overtaken North America in the demand for tire pressure monitoring systems. Asia-Pacific is witnessing robust growth since the recent years due to an increased demand for high-end luxury cars in countries such as China and India. China is a lucrative market for TPMS; the demand for TPMS installed passenger cars in China exceeded 14 million sets in 2018. China was the third-largest market for TPMS after Europe and North America in 2019.
| Report Coverage | Details |
| Study Period | Historical Data: 2015-19 |
| Base Year: 2019 | |
| Forecast Period: 2020-25 | |
| Regions Covered | North America |
| Europe | |
| Asia-Pacific | |
| South America | |
| Middle East & Africa | |
| Unit Denominations | USD Million/Billion |
According to MarkNtel Advisors, OEMs led the global market with a considerably high market share in 2019. Aftermarket and retrofitting of TPMS are gaining considerable traction in economy cars. In 2018, Maruti Suzuki in India offered TPMS as an optional accessory in cars such as Vistara Brezza, Swift Dzire, and Swift. The Maruti dealers are successfully able to fit the accessory in all the models. This will aid in a surge in the aftermarket segment from 2020-25.
Direct tire pressure monitoring segment accounted for the highest market share in 2019, however, indirect tire pressure monitoring systems are projected to grow in the coming years.
Government Regulations for Mandatory Installation of Tire Pressure Monitoring Systems
The European Commission made mandatory the installation of tire pressure monitoring system and other driver safety monitoring systems in all the vehicles from 2012. Owing to the safety concerns of the individuals and in an effort to curb road accidents, the demand for tire pressure monitoring systems is estimated to escalate at a rapid rate especially in Europe and North America.
According to MarkNtel Advisors’ research report on “Global Tire Pressure Monitoring System Market Analysis, 2020”, the major leaders in the market of tire pressure monitoring systems are Continental AG, Denso Corporation, Delphi Automotive, Sensata Technologies, Dunlop Tech Gbmh, Wabco, Bendix Commercial Vehicle Systems LLC, Schrader Electronics, Pacific Industrial Co., Ltd., Huf and Hlsbeck & Frst Gmbh & Co.
Key Questions Answered in the Market Research Report
Market Outlook, Segmentation and Statistics
Frequently Asked Questions
Q. What would be the growth rate or CAGR of Global Two Wheeler Brake Component Market during 2020-25?
A. The market size of Global Two Wheeler Brake Component Market during 2020-25 is forecast to be around 8%.
Q. Which region would grab the highest market share during 2020-25?
A. It is forecast that Asia-Pacific will dominate the market with majority market share, with market size registering considerably higher CAGR.
Q. Who are the key competitors or players operating in Global Two Wheeler Brake ComponentsMarket?
A. Bosch Limited, Nissin Kogyo Co., Ltd, AC Delco, Brake Parts Ltd., Endurance Technologies Limited, Akebono Brake Industry Co., Ltd, Brakes India Limited, Continental AG, Sundaram Brake Lining Ltd., and Rane Holdings Limited are few of the leading players in the Global Two Wheeler Brake ComponentsMarket.
Q. Does the report scope cover Global Two Wheeler Brake Components type and region wise market statistics also?
A. Yes, the scope of the report encompass detailed Global Two Wheeler Brake Components type and region wise statistics such as market size, market segmentation based on various subcategories.
Q. Which sales channel would emerge as an opportunity area for players in Global Two Wheeler Brake ComponentsMarket?
A. Replacement segment will continue to grow at a highest CAGR, presenting immense opportunities for manufacturers and suppliers of Global Two Wheeler Brake Components Market.
1. Introduction
1.1. Product Definition
1.2. Research Process
1.3. Assumptions
1.4. Market Segmentation
2. Executive Summary
3. Expert Verbatim- What our Experts Say?
4. Global Tire Pressure Monitoring System Market Analysis, 2015-2025F
4.1. Market Potential & Analysis
4.1.1. Market Revenue
4.1.2. Units Sold
4.2. Market Segmentation & Analysis
4.2.1. By Technology
4.2.1.1. Direct Tire Pressure Monitoring System
4.2.1.2. Indirect Tire Pressure Monitoring System
4.2.2. By Sales Channel
4.2.2.1. OEMs
4.2.2.2. Aftermarket
4.2.3. By Vehicle Type
4.2.3.1. Passenger Vehicle
4.2.3.2. Commercial Vehicle
4.2.4. By Region
4.2.4.1. North America
4.2.4.2. South America
4.2.4.3. Europe
4.2.4.4. Middle East
4.2.4.5. Africa
4.2.4.6. Asia-Pacific
4.2.5. By Company
4.2.5.1. Revenue Shares
4.2.5.2. Strategic Factorial Indexing
4.2.5.3. Competitor Placement in MarkNtel Quadrant
5. North America Tire Pressure Monitoring System Market Analysis, 2015-2025F
5.1. Market Potential & Analysis
5.1.1. Market Revenue
5.1.2. Units Sold
5.2. Market Segmentation & Analysis
5.2.1. By Technology
5.2.2. By Sales Channel
5.2.3. By Vehicle Type
5.2.4. By Country
5.2.4.1. United States
5.2.4.2. Canada
5.2.4.3. Mexico
5.3. United States Tire Pressure Monitoring System Market Analysis, 2015-2025F
5.3.1. Market Potential & Analysis
5.3.1.1. Market Revenue
5.3.1.2. Units Sold
5.3.2. Market Segmentation & Analysis
5.3.2.1. By Technology
5.3.2.2. By Sales Channel
5.3.2.3. By Vehicle Type
5.4. Canada Tire Pressure Monitoring System Market Analysis, 2015-2025F
5.4.1. Market Potential & Analysis
5.4.1.1. Market Revenue
5.4.1.2. Units Sold
5.4.2. Market Segmentation & Analysis
5.4.2.1. By Technology
5.4.2.2. By Sales Channel
5.4.2.3. By Vehicle Type
5.5. Mexico Tire Pressure Monitoring System Market Analysis, 2015-2025F
5.5.1. Market Potential & Analysis
5.5.1.1. Market Revenue
5.5.1.2. Units Sold
5.5.2. Market Segmentation & Analysis
5.5.2.1. By Technology
5.5.2.2. By Sales Channel
5.5.2.3. By Vehicle Type
6. South America Tire Pressure Monitoring System Market Analysis, 2015-2025F
6.1. Market Potential & Analysis
6.1.1. Market Revenue
6.1.2. Units Sold
6.2. Market Segmentation & Analysis
6.2.1. By Technology
6.2.2. By Sales Channel
6.2.3. By Vehicle Type
6.2.4. By Country
6.2.4.1. Brazil
6.2.4.2. Argentina
6.2.4.3. Others
6.3. Argentina Tire Pressure Monitoring System Market Analysis, 2015-2025F
6.3.1. Market Potential & Analysis
6.3.1.1. Market Revenue
6.3.1.2. Units Sold
6.3.2. Market Segmentation & Analysis
6.3.2.1. By Technology
6.3.2.2. By Sales Channel
6.3.2.3. By Vehicle Type
6.4. Brazil Tire Pressure Monitoring System Market Analysis, 2015-2025F
6.4.1. Market Potential & Analysis
6.4.1.1. Market Revenue
6.4.1.2. Units Sold
6.4.2. Market Segmentation & Analysis
6.4.2.1. By Technology
6.4.2.2. By Sales Channel
6.4.2.3. By Vehicle Type
7. Europe Tire Pressure Monitoring System Market Analysis, 2015-2025F
7.1. Market Potential & Analysis
7.1.1. Market Revenue
7.1.2. Units Sold
7.2. Market Segmentation & Analysis
7.2.1. By Technology
7.2.2. By Sales Channel
7.2.3. By Vehicle Type
7.2.4. By Country
7.2.4.1. France
7.2.4.2. Germany
7.2.4.3. Italy
7.2.4.4. Spain
7.2.4.5. United Kingdom
7.2.4.6. Others
7.3. France Tire Pressure Monitoring System Market Analysis, 2015-2025F
7.3.1. Market Potential & Analysis
7.3.1.1. Market Revenue
7.3.1.2. Units Sold
7.3.2. Market Segmentation & Analysis
7.3.2.1. By Technology
7.3.2.2. By Sales Channel
7.3.2.3. By Vehicle Type
7.4. Germany Tire Pressure Monitoring System Market Analysis, 2015-2025F
7.4.1. Market Potential & Analysis
7.4.1.1. Market Revenue
7.4.1.2. Units Sold
7.4.2. Market Segmentation & Analysis
7.4.2.1. By Technology
7.4.2.2. By Sales Channel
7.4.2.3. By Vehicle Type
7.5. Italy Tire Pressure Monitoring System Market Analysis, 2015-2025F
7.5.1. Market Potential & Analysis
7.5.1.1. Market Revenue
7.5.1.2. Units Sold
7.5.2. Market Segmentation & Analysis
7.5.2.1. By Technology
7.5.2.2. By Sales Channel
7.5.2.3. By Vehicle Type
7.6. Spain Tire Pressure Monitoring System Market Analysis, 2015-2025F
7.6.1. Market Potential & Analysis
7.6.1.1. Market Revenue
7.6.1.2. Units Sold
7.6.2. Market Segmentation & Analysis
7.6.2.1. By Technology
7.6.2.2. By Sales Channel
7.6.2.3. By Vehicle Type
7.7. United Kingdom Tire Pressure Monitoring System Market Analysis, 2015-2025F
7.7.1. Market Potential & Analysis
7.7.1.1. Market Revenue
7.7.1.2. Units Sold
7.7.2. Market Segmentation & Analysis
7.7.2.1. By Technology
7.7.2.2. By Sales Channel
7.7.2.3. By Vehicle Type
8. Middle East Tire Pressure Monitoring System Market Analysis, 2015-2025F
8.1. Market Potential & Analysis
8.1.1. Market Revenue
8.1.2. Units Sold
8.2. Market Segmentation & Analysis
8.2.1. By Technology
8.2.2. By Sales Channel
8.2.3. By Vehicle Type
8.2.4. By Country
8.2.4.1. Saudi Arabia
8.2.4.2. UAE
8.2.4.3. Others
8.3. Saudi Arabia Tire Pressure Monitoring System Market Analysis, 2015-2025F
8.3.1. Market Potential & Analysis
8.3.1.1. Market Revenue
8.3.1.2. Units Sold
8.3.2. Market Segmentation & Analysis
8.3.2.1. By Technology
8.3.2.2. By Sales Channel
8.3.2.3. By Vehicle Type
8.4. UAE Tire Pressure Monitoring System Market Analysis, 2015-2025F
8.4.1. Market Potential & Analysis
8.4.1.1. Market Revenue
8.4.1.2. Units Sold
8.4.2. Market Segmentation & Analysis
8.4.2.1. By Technology
8.4.2.2. By Sales Channel
8.4.2.3. By Vehicle Type
9. Africa Tire Pressure Monitoring System Market Analysis, 2015-2025F
9.1. Market Potential & Analysis
9.1.1. Market Revenue
9.1.2. Units Sold
9.2. Market Segmentation & Analysis
9.2.1. By Technology
9.2.2. By Sales Channel
9.2.3. By Vehicle Type
9.2.4. By Country
9.2.4.1. South Africa
9.2.4.2. Others
9.3. South Africa Tire Pressure Monitoring System Market Analysis, 2015-2025F
9.3.1. Market Potential & Analysis
9.3.1.1. Market Revenue
9.3.1.2. Units Sold
9.3.2. Market Segmentation & Analysis
9.3.2.1. By Technology
9.3.2.2. By Sales Channel
9.3.2.3. By Vehicle Type
10. Asia-Pacific Tire Pressure Monitoring System Market Analysis, 2015-2025F
10.1. Market Potential & Analysis
10.1.1. Market Revenue
10.1.2. Units Sold
10.2. Market Segmentation & Analysis
10.2.1. By Technology
10.2.2. By Sales Channel
10.2.3. By Vehicle Type
10.2.4. By Country
10.2.4.1. China
10.2.4.2. India
10.2.4.3. Japan
10.2.4.4. South Korea
10.2.4.5. Others
10.3.China Tire Pressure Monitoring System Market Analysis, 2015-2025F
10.3.1. Market Potential & Analysis
10.3.1.1. Market Revenue
10.3.1.2. Units Sold
10.3.2. Market Segmentation & Analysis
10.3.2.1. By Technology
10.3.2.2. By Sales Channel
10.3.2.3. By Vehicle Type
10.4.India Tire Pressure Monitoring System Market Analysis, 2015-2025F
10.4.1. Market Potential & Analysis
10.4.1.1. Market Revenue
10.4.1.2. Units Sold
10.4.2. Market Segmentation & Analysis
10.4.2.1. By Technology
10.4.2.2. By Sales Channel
10.4.2.3. By Vehicle Type
10.5.Japan Tire Pressure Monitoring System Market Analysis, 2015-2025F
10.5.1. Market Potential & Analysis
10.5.1.1. Market Revenue
10.5.1.2. Units Sold
10.5.2. Market Segmentation & Analysis
10.5.2.1. By Technology
10.5.2.2. By Sales Channel
10.5.2.3. By Vehicle Type
10.6.South Korea Tire Pressure Monitoring System Market Analysis, 2015-2025F
10.6.1. Market Potential & Analysis
10.6.1.1. Market Revenue
10.6.1.2. Units Sold
10.6.2. Market Segmentation & Analysis
10.6.2.1. By Technology
10.6.2.2. By Sales Channel
10.6.2.3. By Vehicle Type
11. Global Tire Pressure Monitoring System Market Policies, Regulations, Product Standards
12. Global Tire Pressure Monitoring System Market Trends & Insights
13. Global Tire Pressure Monitoring System Market Dynamics
13.1.Growth Drivers
13.2.Challenges
13.3.Impact Analysis
14. Global Tire Pressure Monitoring System Market Hotspot & Opportunities
15. Global Tire Pressure Monitoring System Market Key Strategic Imperatives for Success & Growth
16. Competition Outlook
16.1. Competition Matrix
16.1.1. Product Portfolio
16.1.2. Brand Specialization
16.1.3. Target Markets
16.1.4. Target End Users
16.1.5. Research & Development
16.1.6. Strategic Alliances
16.1.7. Strategic Initiatives
16.2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
16.2.1.1. Continental AG
16.2.1.2. Denso corporation
16.2.1.3. Delphi Automotive
16.2.1.4. Sensata Technologies
16.2.1.5. Dunlop Tech Gbmh
16.2.1.6. Wabco
16.2.1.7. Bendix Commercial Vehicle systems LLC
16.2.1.8. Schrader Electronics
16.2.1.9. Pacific Industrial Co., Ltd.
16.2.1.10. Huf and Hlsbeck & Frst Gmbh & Co.
17. Disclaimer
