Market Forecast By Types (Direct Tire Pressure Monitoring System, Indirect Tire Pressure Monitoring System), By Sales Channels (Original Equipment Manufacturers (OEMs), Aftermarkets), By Vehicle Types (Passenger Cars, Commercial Vehicles), By Key Countries (India, China, Japan, Australia, Indonesia, Malaysia, Thailand And Rest of Asia Pacific) And Competitive Landscape.
Product Code: ETC001565 | Publication Date: Jan 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
The rapidly growing automobile industry, government initiatives to improve security including the weekly safety assessment by New Car Assessment Program (NCAP), as well as increasing consumer awareness about fuel efficiency and safety are the key drivers of the growth of the Tire Pressure Monitoring System (TPMS) market in the Asia Pacific Region.
According to 6Wresearch, the Asia Pacific Tire Pressure Monitoring System Market size is expected to grow during 2020-2026. China is the leading contributor to the market in the APAC region and is likely to grow its market share during the forecast period. Increasing demand for automobiles, especially luxury vehicles in the country would lead to the growth in the market over the coming years. Additionally, government regulations including ‘Passenger Car TPMS Performance Requirements and Test Methods’ by Standardization Administration of China to be enforced from 2020 is further expected to push the market during the forecast period.
Based on vehicle types, the passenger car segment is the leading revenue-generating segment in the TPMS market and is expected to maintain its dominance over the forecast period as well on the back of growing demand for passenger cars in the region. Based on sales channels, OEMs account for a leading share of market revenues on account of government regulation for mandatory installation of TPMS in all new vehicles, for instance, South Korea Ministry of Land, Transport, and Maritime Affairs has issued orders for the mandatory installation of TPMS in all vehicles weighing equal to or less than 4.5 metric tons.
The Asia Pacific tire pressure monitoring system market report thoroughly covers the market by types, sales channels, vehicle types, and key countries including India, China, Japan, Australia, Indonesia, Malaysia, Thailand, and the Rest of Asia Pacific. The Asia Pacific tire pressure monitoring system market outlook provides an unbiased and detailed analysis of the on-going Asia Pacific tire pressure monitoring system market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific tire pressure monitoring system market is anticipated to register significant revenue growth in the coming timeframe on the back of the need to maintain the buoyancy and wheel balancing which play an essential role in ensuring the safe driving condition of the vehicle. A tire pressure monitoring system tends to provide an early warning sign in case of an underinflated tire to prevent unsafe driving and is anticipated to garner significant demand for tire pressure monitoring systems across the Asia Pacific region in the coming years. Further, India and China tire pressure monitoring system markets are expected to be the emerging markets for the potential growth of the Asia Pacific tire pressure monitoring system on the back of increasing the sales number of automobiles in the aforementioned countries.
Key Highlights of the Report:
Markets Covered
The Asia Pacific Tire Pressure Monitoring System Market report provides a detailed analysis of the following market segments:
Other Key Reports Available:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Tire Pressure Monitoring System Market Overview |
3.1 Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
3.2 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Types, 2019 & 2026F |
3.3 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Sales Channels, 2019 & 2026F |
3.4 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Vehicle Types, 2019 & 2026F |
3.5 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Countries, 2019 & 2026F |
3.6 Asia Pacific Tire Pressure Monitoring System Market - Industry Life Cycle |
3.7 Asia Pacific Tire Pressure Monitoring System Market - Porter’s Five Forces |
4 Asia Pacific Tire Pressure Monitoring System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Tire Pressure Monitoring System Market Trends |
6 Asia Pacific Tire Pressure Monitoring System Market Overview, By Types |
6.1 Asia Pacific Direct Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
6.2 Asia Pacific Indirect Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
7 Asia Pacific Tire Pressure Monitoring System Market Overview, By Sales Channels |
7.1 Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By OEMs, 2016-2026F |
7.2 Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By Aftermarkets, 2016-2026F |
8 Asia Pacific Tire Pressure Monitoring System Market Overview, By Vehicle Types |
8.1 Asia Pacific Passenger Cars Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
8.2 Asia Pacific Commercial Vehicles Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
9 India Tire Pressure Monitoring System Market Overview |
9.1 India Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
9.2 India Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
9.3 India Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
9.4 India Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
10 China Tire Pressure Monitoring System Market Overview |
10.1 China Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
10.2 China Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
10.3 China Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
10.4 China Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
11 Japan Tire Pressure Monitoring System Market Overview |
11.1 Japan Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
11.2 Japan Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
11.3 Japan Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
11.4 Japan Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
12 Australia Tire Pressure Monitoring System Market Overview |
12.1 Australia Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
12.2 Australia Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
12.3 Australia Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
12.4 Australia Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
13 Indonesia Tire Pressure Monitoring System Market Overview |
13.1 Indonesia Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
13.2 Indonesia Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
13.3 Indonesia Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
13.4 Indonesia Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
14 Malaysia Tire Pressure Monitoring System Market Overview |
14.1 Malaysia Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
14.2 Malaysia Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
14.3 Malaysia Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
14.4 Malaysia Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
15 Thailand Tire Pressure Monitoring System Market Overview |
15.1 Thailand Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
15.2 Thailand Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
15.3 Thailand Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
15.4 Thailand Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
16 Rest of Asia Pacific Tire Pressure Monitoring System Market Overview |
16.1 Rest of Asia Pacific Tire Pressure Monitoring System Market Revenues & Volume, 2016-2026F |
17 Asia Pacific Tire Pressure Monitoring System Market Key Performance Indicators |
18 Asia Pacific Tire Pressure Monitoring System Market Opportunity Assessment |
18.1 Asia Pacific Tire Pressure Monitoring System Market Opportunity Assessment, By Types, 2026F |
18.2 Asia Pacific Tire Pressure Monitoring System Market Opportunity Assessment, By Sales Channels, 2026F |
18.3 Asia Pacific Tire Pressure Monitoring System Market Opportunity Assessment, By Vehicle Types, 2026F |
19 Asia Pacific Tire Pressure Monitoring System Market Competitive Landscape |
19.1 Asia Pacific Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
19.1.1 India Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
19.1.2 China Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
19.1.3 Japan Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
19.1.4 Australia Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
19.1.5 Indonesia Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
19.1.6 Malaysia Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
19.1.7 Thailand Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
19.2 Asia Pacific Tire Pressure Monitoring System Market Competitive Benchmarking, By Operating Parameters |
20 Company Profiles |
21 Key Strategic Recommendations |
22 Disclaimer |