Asia Pacific Automotive Tire Pressure Management System Market

Segments - Asia Pacific Automotive Tire Pressure Management System Market by Types (Direct TPMS and Indirect TPMS), Applications (Commercial Vehicles and Passenger Vehicles), and Regions (India, China, Japan, Australia, and Rest of Asia Pacific) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031

Author : Akash Vedpathak

Fact-checked by : Vineet Pandey

Editor : Shruti Bhat

Report Description

The Asia Pacific automotive TPMS market size was USD XX Billion in 2022 and is likely to reach USD XX Billion by 2031, expanding at a CAGR of 8% during 2023–2031. Growth of the market is attributed to increasing demand for advance driving assistance.

Tires are used in automobiles for safe, comfortable, and fuel-efficient driving. TPMS are vital because without them, drivers would have no way of knowing how much air is left in the tire, which could result in an accident. Various factors, such as developing environmental and economic policies and increased demand for high-end luxury cars, have contributed to the rise of the TPMS market in emerging nations around the world.

Asia Pacific Automotive Tire Pressure Management System Market Outlook

The Covid-19 pandemic affected the demand and supply of Asia-Pacific automotive TPMS market. Lockdown across the globe, supply chain disorders, and oscillating supply of raw materials forced manufacturers to shut down production leading to unfortunate decline in market growth. Launch of vaccines to combat the Covid-19 pandemic is expected to contribute to the market growth over the forecast period.

Asia Pacific Automotive Tire Pressure Management System Market Trends, Drivers, Restraints, and Opportunities

Consumers’ growing interest in vehicle safety is expected to drive the market during the forecast period.
It is estimated that the continuous installation and implementation of TPMS in mid- to high-end vehicles, increasing demand for tire monitoring systems in the aviation industry, and rising government attention to road safety is estimated to drive the market.
Factors such as high cost of TPMS and lack of standardization in TPMS systems is projected to hamper the market growth.
Inaccurate results are expected to restrict market growth in certain regions.
Encouragement by new car safety program has provided immense opportunities for several market players.

Scope of Asia Pacific Automotive Tire Pressure Management System Market Report

The report on the Asia Pacific automotive TPMS market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes	Details
Report Title	Asia Pacific Automotive TPMS Market -Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023–2031
Segmentation	Types (Direct TPMS and Indirect TPMS), Applications (Commercial Vehicles and Passenger Vehicles)
Regional Scope	India, China, Japan, Australia, and Rest of Asia Pacific
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Continental AG, Pacific industrial Co. Ltd, Schrader TPMS Solution, and Denso

Asia Pacific Automotive Tire Pressure Management System Market Segment Insights

The direct TPMS segment is projected to hold a major market share

Based on types, the Asia Pacific automotive TPMS market is segregated into direct TPMS and indirect TPMS. The direct TPMS segment is anticipated to expand at a high CAGR during the forecast period. Direct TPMS improves the car protection through tracking tire stress with the help of sensors. It additionally consists of automated resetting when the rotation of tire is done. The indirect system helps to record data and determine the air pressure loss caused by the increase in wheel speed.

Asia Pacific Automotive Tire Pressure Management System Market Type

The passenger car segment is anticipated to expand during the forecast period

On the basis of application, the Asia-Pacific automotive TPMS market is segregated into commercial vehicles and passenger vehicles. The passenger car segment holds the major market share. Growth of the market is attributed to rising sales of passenger cars and development of luxury cars manufacturing industry.

Asia Pacific Automotive Tire Pressure Management System Market Application

The market in China is projected to hold a major market share

In terms of country, the Asia Pacific automotive TPMS market is classified as India, China, Japan, Australia, and Rest of Asia Pacific. China dominates the market. China aims to lessen the fuel consumption and focus towards road safety. A large number of relevant air pressure tests in China show that at least 35% of all vehicles used have negative air pressure, which is estimated to save approximately 3.1 million liters of fuel in the region while reducing emissions of pollutants.

Segments

The Asia Pacific automotive TPMS market is segmented on the basis of

Types

Direct TPMS
Indirect TPMS

Application

Commercial Vehicles
Passenger Vehicles

Regions

India
China
Japan
Australia
Rest of Asia Pacific

Key Players

Continental AG
Pacific industrial Co. Ltd
Schrader TPMS Solution
Denso

Competitive Landscape

Key players in the Asia Pacific automotive TPMS market include Continental AG, Pacific industrial Co. Ltd, Schrader TPMS Solution, and Denso.

Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.

Asia Pacific Automotive Tire Pressure Management System Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive Tire Pressure Management System Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive Tire Pressure Management System Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive Tire Pressure Management System Market - Supply Chain
  4.5. Global Automotive Tire Pressure Management System Market Forecast
     4.5.1. Automotive Tire Pressure Management System Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive Tire Pressure Management System Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Automotive Tire Pressure Management System Market Absolute $ Opportunity
5. Global Automotive Tire Pressure Management System Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automotive Tire Pressure Management System Market Size and Volume Forecast by Types
     5.3.1. Direct TPMS
     5.3.2. Indirect TPMS
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive Tire Pressure Management System Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive Tire Pressure Management System Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive Tire Pressure Management System Demand Share Forecast, 2019-2026
7. North America Automotive Tire Pressure Management System Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automotive Tire Pressure Management System Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive Tire Pressure Management System Market Size and Volume Forecast by Types
     7.4.1. Direct TPMS
     7.4.2. Indirect TPMS
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive Tire Pressure Management System Demand Share Forecast, 2019-2026
8. Latin America Automotive Tire Pressure Management System Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automotive Tire Pressure Management System Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive Tire Pressure Management System Market Size and Volume Forecast by Types
     8.4.1. Direct TPMS
     8.4.2. Indirect TPMS
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive Tire Pressure Management System Demand Share Forecast, 2019-2026
9. Europe Automotive Tire Pressure Management System Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automotive Tire Pressure Management System Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive Tire Pressure Management System Market Size and Volume Forecast by Types
     9.4.1. Direct TPMS
     9.4.2. Indirect TPMS
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive Tire Pressure Management System Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive Tire Pressure Management System Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive Tire Pressure Management System Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive Tire Pressure Management System Market Size and Volume Forecast by Types
     10.4.1. Direct TPMS
     10.4.2. Indirect TPMS
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive Tire Pressure Management System Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive Tire Pressure Management System Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive Tire Pressure Management System Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive Tire Pressure Management System Market Size and Volume Forecast by Types
     11.4.1. Direct TPMS
     11.4.2. Indirect TPMS
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive Tire Pressure Management System Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive Tire Pressure Management System Market: Market Share Analysis
  12.2. Automotive Tire Pressure Management System Distributors and Customers
  12.3. Automotive Tire Pressure Management System Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. Continental AG
     12.4.2. Pacific industrial Co. Ltd
     12.4.3. Schrader TPMS Solution
     12.4.4. Denso