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 (Brazil, Argentina, Mexico And Rest of Latin America) And Competitive Landscape.
Product Code: ETC001568 | Publication Date: Jan 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Technological upgrades in tire pressure monitoring systems such as Wi-Fi connectivity, GPS tracking and new designs for Off the Road vehicles, together with an increasing number of accidents due to tire blowouts and rising awareness regarding vehicle safety systems has driven the demand for tire pressure monitoring system market in Latin America region.
According to 6Wresearch, the Latin America Tire Pressure Monitoring System Market size is projected to grow during 2020-2026. Brazil and Mexico are the leading contributors to the market in the region and are likely to expand their share during the forecast period on the back of the booming automobile components market. Also, road safety awareness campaigns organized by the various government such as ‘Stop the Crash’ launched in the Chilean capital of Santiago has led to a rise in awareness among the consumers regarding automobile safety systems and is expected to boost consumer demand for TPMS during the forecast period.
Based on vehicle types, commercial vehicles are the leading revenue-generating segment in the tire pressure monitoring system market in the Latin America region as heavy commercial vehicles in the region require diagnostic and preventive measures to avoid heavy collisions and massive losses. Based on types, direct tire pressure monitoring systems are anticipated to hold the largest market share during the next five years.
The Latin America tire pressure monitoring system market report thoroughly covers the market by types, sales channels, vehicle types and key countries including Brazil, Argentina, Mexico, and the Rest of Latin America. The Latin America tire pressure monitoring system market outlook provides an unbiased and detailed analysis of the on-going Latin America 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.
Latin America tire pressure monitoring system market is projected to maintain dominance throughout the forecast period underpinned by the rising deployment of passenger vehicles, heavy commercial vehicles at the fastest pace across the region. Further, Mexico's tire pressure monitoring system market is projected to generate lucrative opportunities for the product demand backed by Mexico being the top manufacturer of passenger vehicles and the top neighboring exporter of heavy-duty vehicles to the United States. In line with this, is likely to strengthen the automotive sector, thereby tire pressuring monitor system would also increase in Mexico, as a result, is estimated to benefit the Latin America tire pressure monitoring system market in the years ahead.
Key Highlights of the Report:
Markets Covered
The Latin America 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 Latin America Tire Pressure Monitoring System Market Overview |
3.1 Latin America Tire Pressure Monitoring System Market Revenues, 2016-2026F |
3.2 Latin America Tire Pressure Monitoring System Market Revenue Share, By Types, 2019 & 2026F |
3.3 Latin America Tire Pressure Monitoring System Market Revenue Share, By Sales Channels, 2019 & 2026F |
3.4 Latin America Tire Pressure Monitoring System Market Revenue Share, By Vehicle Types, 2019 & 2026F |
3.5 Latin America Tire Pressure Monitoring System Market Revenue Share, By Countries, 2019 & 2026F |
3.6 Latin America Tire Pressure Monitoring System Market - Industry Life Cycle |
3.7 Latin America Tire Pressure Monitoring System Market - Porter’s Five Forces |
4 Latin America Tire Pressure Monitoring System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Tire Pressure Monitoring System Market Trends |
6 Latin America Tire Pressure Monitoring System Market Overview, By Types |
6.1 Latin America Direct Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
6.2 Latin America Indirect Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
7 Latin America Tire Pressure Monitoring System Market Overview, By Sales Channels |
7.1 Latin America Tire Pressure Monitoring System Market Revenues and Volume, By OEMs, 2016-2026F |
7.2 Latin America Tire Pressure Monitoring System Market Revenues and Volume, By Aftermarkets, 2016-2026F |
8 Latin America Tire Pressure Monitoring System Market Overview, By Vehicle Types |
8.1 Latin America Passenger Cars Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
8.2 Latin America Commercial Vehicles Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
9 Brazil Tire Pressure Monitoring System Market Overview |
9.1 Brazil Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
9.2 Brazil Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
9.3 Brazil Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
9.4 Brazil Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
10 Argentina Tire Pressure Monitoring System Market Overview |
10.1 Argentina Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
10.2 Argentina Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
10.3 Argentina Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
10.4 Argentina Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
11 Mexico Tire Pressure Monitoring System Market Overview |
11.1 Mexico Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
11.2 Mexico Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2016-2026F |
11.3 Mexico Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2016-2026F |
11.4 Mexico Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2016-2026F |
12 Rest of Latin America Tire Pressure Monitoring System Market Overview |
12.1 Rest of Latin America Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
13 Latin America Tire Pressure Monitoring System Market Key Performance Indicators |
14 Latin America Tire Pressure Monitoring System Market Opportunity Assessment |
14.1 Latin America Tire Pressure Monitoring System Market Opportunity Assessment, By Types, 2026F |
14.2 Latin America Tire Pressure Monitoring System Market Opportunity Assessment, By Sales Channels, 2026F |
14.3 Latin America Tire Pressure Monitoring System Market Opportunity Assessment, By Vehicle Types, 2026F |
15 Latin America Tire Pressure Monitoring System Market Competitive Landscape |
15.1 Latin America Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
15.1.1 Brazil Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
15.1.2 Argentina Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
15.1.3 Mexico Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
15.2 Latin America Tire Pressure Monitoring System Market Competitive Benchmarking, By Operating Parameters |
16 Company Profiles |
17 Key Strategic Recommendations |
18 Disclaimer |