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Report
Tire Pressure Monitoring System (TPMS) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-07-05 I 146 Pages I IMARC Group
Market Overview:
The global tire pressure monitoring system (TPMS) market size reached US$ 6.3 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 11.1 Billion by 2028, exhibiting a growth rate (CAGR) of 9.4% during 2023-2028.
A tire pressure monitoring system (TPMS) refers to an electronic solution to maintain adequate air pressure in the tires of vehicles. Two of the commonly used TPMS include direct and indirect TPMS. Direct TPMS uses a sensor mounted on the wheels to measure the pressure in each tire. On the other hand, indirect TPMS works with antilock braking system (ABS) speed sensors to monitor the air pressure. They provide real-time information about the tire pressure to the driver through a pictogram display and sound an alarm in case the tires are underinflated. This, in turn, aids in improving vehicle safety, fuel economy and minimizing carbon emissions.
Significant growth in the automotive industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the increasing consumer preference for advanced driver-assistance systems (ADASs) for enhanced safety on the road is providing a thrust to the market growth. Various technological advancements, such as the integration of energy harvesting and display systems to provide information about the health of the vehicle, are acting as other growth-inducing factors. There is also increasing preference for direct TPMS as it uses advanced sensors to gather accurate pressure information from the tire valves and transmit the information in real-time. Other factors, including the implementation of favorable government policies mandating the installation of TPMS in automobiles to minimize the instances of road accidents and casualties, along with extensive research and development (R&D) activities, are some of the other factors anticipated to drive the market further.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global tire pressure monitoring system (TPMS) market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on type, technology, vehicle type and distribution channel.
Breakup by Type:
Direct TPMS
Indirect TPMS
Breakup by Technology:
Intelligent TPMS
Conventional TPMS
Breakup by Vehicle Type:
Passenger Vehicles
Commercial Vehicles
Breakup by Distribution Channel:
OEMs
Aftermarket
Breakup by Region:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The report has also analysed the competitive landscape of the market with some of the key players being ATEQ, Bartec USA LLC, Bendix Commercial Vehicle Systems LLC (Knorr Brake Holding Corporation), Continental Aktiengesellschaft, Denso Corporation, Hamaton Automotive Technology Co. Ltd. (Hangzhou Hamaton Intelligent Control Holdings Co. Ltd.), Huf Hulsbeck & Furst GmbH & Co. KG, Nira Dynamics AB, NXP Semiconductors N.V., Pacific Industrial Co. Ltd., Sensata Technologies Inc. and WABCO Holdings Inc. (ZF Friedrichshafen AG).
Key Questions Answered in This Report:
How has the global tire pressure monitoring system (TPMS) market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global tire pressure monitoring system (TPMS) market?
What are the key regional markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the technology?
What is the breakup of the market based on the vehicle type?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global tire pressure monitoring system (TPMS) market and who are the key players?
What is the degree of competition in the industry?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Tire Pressure Monitoring System (TPMS) Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Direct TPMS
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Indirect TPMS
6.2.1 Market Trends
6.2.2 Market Forecast
7 Market Breakup by Technology
7.1 Intelligent TPMS
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Conventional TPMS
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Vehicle Type
8.1 Passenger Vehicles
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial Vehicles
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Distribution Channel
9.1 OEMs
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Aftermarket
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Region
10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast
11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats
12 Value Chain Analysis
13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 Price Analysis
15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 ATEQ
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 Financials
15.3.2 Bartec USA LLC
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Bendix Commercial Vehicle Systems LLC (Knorr Brake Holding Corporation)
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.4 Continental Aktiengesellschaft
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Denso Corporation
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.5.3 Financials
15.3.5.4 SWOT Analysis
15.3.6 Hamaton Automotive Technology Co. Ltd. (Hangzhou Hamaton Intelligent Control Holdings Co. Ltd.)
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.7 Huf Hulsbeck & Furst GmbH & Co. KG
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.8 Nira Dynamics AB
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 NXP Semiconductors N.V.
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.9.4 SWOT Analysis
15.3.10 Pacific Industrial Co. Ltd.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.11 Sensata Technologies Inc.
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio
15.3.12 Wabco Holdings Inc. (ZF Friedrichshafen AG)
15.3.12.1 Company Overview
15.3.12.2 Product Portfolio
15.3.12.3 SWOT Analysis
Figure 1: Global: Tire Pressure Monitoring System Market: Major Drivers and Challenges
Figure 2: Global: Tire Pressure Monitoring System Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Tire Pressure Monitoring System Market: Breakup by Type (in %), 2022
Figure 4: Global: Tire Pressure Monitoring System Market: Breakup by Technology (in %), 2022
Figure 5: Global: Tire Pressure Monitoring System Market: Breakup by Vehicle Type (in %), 2022
Figure 6: Global: Tire Pressure Monitoring System Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Tire Pressure Monitoring System Market: Breakup by Region (in %), 2022
Figure 8: Global: Tire Pressure Monitoring System Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Tire Pressure Monitoring System (Direct TPMS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Tire Pressure Monitoring System (Direct TPMS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Tire Pressure Monitoring System (Indirect TPMS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Tire Pressure Monitoring System (Indirect TPMS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Tire Pressure Monitoring System (Intelligent TPMS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Tire Pressure Monitoring System (Intelligent TPMS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Tire Pressure Monitoring System (Conventional TPMS) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Tire Pressure Monitoring System (Conventional TPMS) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: Global: Tire Pressure Monitoring System (Passenger Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: Global: Tire Pressure Monitoring System (Passenger Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: Global: Tire Pressure Monitoring System (Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: Global: Tire Pressure Monitoring System (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Global: Tire Pressure Monitoring System (OEMs) Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Global: Tire Pressure Monitoring System (OEMs) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Global: Tire Pressure Monitoring System (Aftermarket) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Global: Tire Pressure Monitoring System (Aftermarket) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: United States: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: United States: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: Canada: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: Canada: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: Asia Pacific: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: Asia Pacific: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: China: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: China: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Japan: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Japan: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: India: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: India: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: South Korea: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: South Korea: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Australia: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Australia: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: Indonesia: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: Indonesia: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: Others: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: Others: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Europe: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Europe: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Germany: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Germany: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: France: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: France: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: United Kingdom: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: United Kingdom: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Italy: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Italy: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Spain: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Spain: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Russia: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Russia: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Latin America: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Latin America: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 65: Brazil: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 66: Brazil: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 67: Mexico: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 68: Mexico: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 69: Others: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 70: Others: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 71: Middle East and Africa: Tire Pressure Monitoring System Market: Sales Value (in Million US$), 2017 & 2022
Figure 72: Middle East and Africa: Tire Pressure Monitoring System Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 73: Global: Tire Pressure Monitoring System Industry: SWOT Analysis
Figure 74: Global: Tire Pressure Monitoring System Industry: Value Chain Analysis
Figure 75: Global: Tire Pressure Monitoring System Industry: Porter's Five Forces Analysis
Table 1: Global: Tire Pressure Monitoring System Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Technology (in Million US$), 2023-2028
Table 4: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Vehicle Type (in Million US$), 2023-2028
Table 5: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 6: Global: Tire Pressure Monitoring System Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Tire Pressure Monitoring System Market Structure
Table 8: Global: Tire Pressure Monitoring System Market: Key Players
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