In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market for 2018-2023.
Tire Pressure Monitoring System (TPMS) is an electronic system designed to monitor the air pressure inside the pneumatic tires on various types of vehicles. TPMS report real-time tire-pressure information to the driver of the vehicle, either via a gauge, a pictogram display, or a simple low-pressure warning light.
In this report, 1 Unit Tire Pressure Monitoring System (TPMS) refers to the whole system used in a car.
The global average price of tire pressure monitoring system is in the decreasing trend, from 77.2 USD/Unit in 2011 to 68.1 USD/Unit in 2015. With the situation of global economy, prices will be in decreasing trend in the following five years.
The classification of tire pressure monitoring system includes Direct TPMS, Indirect TPMS, and the production of Direct TPMS in 2015 is about 70.37%, and the Production of Direct TPMS in increasing trend from 2011 to 2015.
Europe region is the largest supplier of tire pressure monitoring system, with a production market share nearly 34.66 % in 2015. USA is the second largest supplier of Tire pressure monitoring system, enjoying production market share nearly 23.16 % in 2015.
Over the next five years, LPI(LP Information) projects that Tire Pressure Monitoring System (TPMS) (Automobile TPMS) will register a 11.6% CAGR in terms of revenue, reach US$ 6980 million by 2023, from US$ 3610 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East and Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Sate Auto Electronic
Nanjing Top Sun
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Tire Pressure Monitoring System (TPMS) (Automobile TPMS) market by identifying its various subsegments.
Focuses on the key global Tire Pressure Monitoring System (TPMS) (Automobile TPMS) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Tire Pressure Monitoring System (TPMS) (Automobile TPMS) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Tire Pressure Monitoring System (TPMS) (Automobile TPMS) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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