Market Research Report Store offers a latest published report on Automobile TPMS Market Analysis and Forecast 2019-2025 delivering key insights and providing a competitive advantage to clients through a detailed report. The report contains 158 pages which highly exhibit on current market analysis scenario, upcoming as well as future opportunities, revenue growth, pricing and profitability.
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The global Automobile TPMS market was valued at3157.49 million USD in 2018 and is expected to reach 7378 million USD by the end of 2025, growing at a CAGR of 5.44% between 2018 and 2025.
Global automotive TPMS has witnessed gradual growth in recent years and is expected to witness steady growth in the forecast period. The tire pressure monitoring system market is primarily driven due to strict government regulations that mandate the need to curb vehicular emissions and increase fuel efficiency as one of the primary growth factors.
By product type, global automotive TPMS market is segmented into direct TPMS and indirect TPMS. In terms of value, direct TPMS segment dominated this market with 94% share of global market and is expected to expand at a significant CAGR over the forecast period.
Market competition is intense. Schrader (Sensata), Continental, ZF TRW, Pacific Industrial, Huf, Denso, are the leaders of the industry, and Schrader (Sensata) hold key technologies and patents with the most market share of 26% in 2018. Followed Schrader (Sensata); Continental is in the second place around the world. Chinese players also witnessed a high pace development in this years.
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North America Automobile TPMS Market Growth 2019-2024
United States Automobile TPMS Market Growth 2019-2024
Asia-Pacific Automobile TPMS Market Growth 2019-2024
Europe Automobile TPMS Market Growth 2019-2024
EMEA Automobile TPMS Market Growth 2019-2024
Global Automobile TPMS Market Growth 2019-2024
China Automobile TPMS Market Growth 2019-2024
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