24 September 2019 - The Global Tire
Pressure Management Systems Market
is set to grow at a significant CAGR during the forecast period. Engineering
innovations have turned tire industry to enjoy a higher competitive advantage.
Tire-pressure optimization techniques thus present a novel opportunity to offer
an all-inclusive and smart solutions to the commercial vehicle industry. The
tire pressure management systems consistently perform the system to ensure that
every tire is properly inflated to a steady pressure along with accompanying
tires.
Tire
pressure management system market is driven by rise in regulatory framework for
installation of tire pressure management systems in developed economies
followed by growth in automotive industry that supplements the market growth.
Increasing adoption of tire pressure management systems by automotive companies
is more likely to create lucrative opportunities during the forecast period.
By
type, the tire pressure management systems industry segmentation comprises
direct and indirect. Direct segment accounts for a higher market share during
the forecast period. Vehicle type segmentation for tire pressure management
system market comprises car, light commercial vehicle and heavy commercial
vehicle. Light commercial vehicle dominates the market growth owing to increase
in market value share.
By
sales channel, the market segmentation comprises OEM and aftermarket. OEM
segment is estimated to rise at a higher CAGR owing to rise in volume of
demand. Aftermarket segment is expected to gain a higher traction in the
forthcoming years.
Geographical
segmentation for tire pressure management system industry spans North America,
South America, Europe, Asia-Pacific, Middle East and Africa. North America
market is anticipated to rise at a higher rate owing to presence of technological
infrastructure and key players. The rise in competitive edge between U.S. and
APAC market leads the market to witness new opportunities in this phase.
The
key players profiled in the tire pressure management systems market report are
ATEQ, Continental AG, WABCO, Sensata Technologies Inc, Pacific Industrial Co
Ltd, Hamaton Automation Technology, Denso Corporation, NIRA Dynamics AB, Bendix
Commercial Vehicles Systems LLC, Dunlop Tech GmbH, Bartec USA LLC.
Market Segment:
Leading players of Tire Pressure
Management Systems including:
•
Schrader (Sensata)
•
Continental
•
TRW (ZF)
•
Lear
•
Visteon
•
Pacific Industrial
•
Denso
•
ACDelco
•
Mahindra & Mahindra Limited
•
Garmin
•
Sunrise Instruments
Market split by Type, can be divided
into:
•
Direct TPMS
•
Indirect TPMS
Market split by Application, can be
divided into:
•
Passenger Car
•
Light Commercial Vehicle (LCV)
•
Heavy Commercial Vehicle (HCV)
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