Europe Automotive TPMS Market Size, Share, Analysis 2031
Europe Automotive TPMS Market Size, Share, Analysis 2031
Segments - Europe Automotive TPMS Market by Types (Direct TPMS and Indirect TPMS), Applications (Passenger Car and Commercial Vehicle), and Geography (Germany, United Kingdom (UK), France, Italy, and Rest of Europe) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
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| Report ID :AL-1727
| 4.9 Rating
| 54 Reviews
| 214 Pages
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Report Description
The Europe automotive TPMS market size was USD 3.13 Million in 2022 and is likely to reach USD 7.38 Million by 2031, expanding at a CAGR of 10% 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 tyre, 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.
The Covid-19 pandemic affected the demand and supply of Europe 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.
Europe Automotive TPMS Market Trends, Drivers, Restraints, and Opportunities
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Consumers’ growing interest in vehicle safety is expected to drive the market during the forecast period.
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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.
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Factors such as high cost of TPMS and lack of standardization in TPMS systems is projected to hamper the market growth.
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Inaccurate results are expected to restrict market growth in certain regions.
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Encouragement by new car safety program has provided immense opportunities for several market players.
Scope of Europe Automotive TPMS Market Report
The report on the Europe automotive TPMS market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
The Europe Automotive TPMS Market - Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2022 |
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Historic Data |
2016–2021 |
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Forecast Period |
2023–2031 |
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Segmentation |
Types (Direct TPMS and Indirect TPMS) and Applications (Passenger Car and Commercial Vehicle) |
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Geographical Scope |
Germany, United Kingdom (UK), France, Italy, and Rest of Europe |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, and ZF Friedrichshafen AG |
Europe Automotive TPMS Market Segment Insights
The direct TPMS segment is projected to hold a major market share
Based on types, the Europe automotive TPMS market is bifurcated 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 tyre is done. The indirect system helps to record data and determine the air pressure loss caused by the increase in wheel speed.
The passenger car segment is anticipated to expand during the forecast period
On the basis of applications, the Europe automotive TPMS market is segregated into passenger car and commercial vehicle. 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.
The market in Germany is projected to hold a major market share
In terms of regions, the Europe automotive TPMS market is classified as Germany, United Kingdom (UK), France, Italy, and Rest of Europe. Germany aims to lessen the fuel consumption and focus towards road safety. A large number of relevant air pressure tests in Germany and Europe 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 Europe while reducing emissions of pollutants.
Segments
The Europe automotive TPMS market is segmented on the basis of
Types
- Direct TPMS
- Indirect TPMS
End-users
- Passenger Car
- Commercial Vehicle
Geography
- Germany
- United Kingdom (UK)
- France
- Italy
- Others
Key Players
- Continental AG
- Huf Hülsbeck & Fürst GmbH & Co. KG
- ZF Friedrichshafen AG
Competitive Landscape
Key players in the Europe automotive TPMS market include Continental AG, Huf Hülsbeck & Fürst GmbH & Co. KG, and ZF Friedrichshafen AG.
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.
Table Of Content
1. Executive Summary2. Assumptions and Acronyms Used
3. Research Methodology
4. The Europe Automotive TPMS 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. The Europe Automotive TPMS Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. The Europe Automotive TPMS Market - Supply Chain
4.5. Global The Europe Automotive TPMS Market Forecast
4.5.1. The Europe Automotive TPMS Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. The Europe Automotive TPMS Market Size (000’ Units) and Y-o-Y Growth
4.5.3. The Europe Automotive TPMS Market Absolute $ Opportunity
5. Global The Europe Automotive TPMS Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. The Europe Automotive TPMS Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global The Europe Automotive TPMS Demand Share Forecast, 2019-2026
6. North America The Europe Automotive TPMS Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America The Europe Automotive TPMS Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America The Europe Automotive TPMS Demand Share Forecast, 2019-2026
7. Latin America The Europe Automotive TPMS 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
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America The Europe Automotive TPMS Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America The Europe Automotive TPMS Demand Share Forecast, 2019-2026
8. Europe The Europe Automotive TPMS 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. Europe Average Pricing Analysis
8.2. Europe The Europe Automotive TPMS Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe The Europe Automotive TPMS Demand Share Forecast, 2019-2026
9. Asia Pacific The Europe Automotive TPMS 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. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific The Europe Automotive TPMS Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific The Europe Automotive TPMS Demand Share Forecast, 2019-2026
10. Middle East & Africa The Europe Automotive TPMS 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. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa The Europe Automotive TPMS Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa The Europe Automotive TPMS Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global The Europe Automotive TPMS Market: Market Share Analysis
11.2. The Europe Automotive TPMS Distributors and Customers
11.3. The Europe Automotive TPMS Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
11.4.1. Continental AG
11.4.2. Huf Hülsbeck & Fürst GmbH & Co. KG
11.4.3. ZF Friedrichshafen AG
Methodology
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