Asia Pacific (APAC) Tire Pressure Monitoring System Market (2020-2026) | Growth, Companies, Forecast, COVID-19 IMPACT, Analysis, Share, Outlook, Industry, Value, Trends, Revenue & Size

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:                            

• Asia Pacific Tire Pressure Monitoring System Market Overview
• Asia Pacific Tire Pressure Monitoring System Market Outlook
• Asia Pacific Tire Pressure Monitoring System Market Forecast
• Historical Data of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Asia Pacific Tire Pressure Monitoring System Market Size and Asia Pacific Tire Pressure Monitoring System Market Forecast of Revenues and Volume, Until 2026
• Historical Data of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By Types, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By Types, Until 2026
• Historical Data of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By Sales Channels, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By Sales Channels, Until 2026
• Historical Data of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By Vehicle Types, for the Period 2016-2019
• Market Size & Forecast of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, By Vehicle Types, Until 2026
• Historical Data of India Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of India Tire Pressure Monitoring System Market Revenues and Volume, Until 2026
• Historical Data of China Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of China Tire Pressure Monitoring System Market Revenues and Volume, Until 2026
• Historical Data of Japan Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Japan Tire Pressure Monitoring System Market Revenues and Volume, Until 2026
• Historical Data of Australia Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Australia Tire Pressure Monitoring System Market Revenues and Volume, Until 2026
• Historical Data of Indonesia Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Indonesia Tire Pressure Monitoring System Market Revenues and Volume, Until 2026
• Historical Data of Malaysia Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Malaysia Tire Pressure Monitoring System Market Revenues and Volume, Until 2026
• Historical Data of Thailand Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of Thailand Tire Pressure Monitoring System Market Revenues and Volume, Until 2026
• Historical Data of the Rest of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, for the Period 2016-2019
• Market Size & Forecast of the Rest of Asia Pacific Tire Pressure Monitoring System Market Revenues and Volume, Until 2026
• Asia Pacific Tire Pressure Monitoring System Market Trends and Industry Life Cycle
• Market Drivers and Restraints
• Market Opportunity Assessment
• Asia Pacific Tire Pressure Monitoring System Market Share, By Players
• Asia Pacific Tire Pressure Monitoring System Market Share, By Regions
• Asia Pacific Tire Pressure Monitoring System Market Overview on Competitive Benchmarking
• Company Profiles
• Key Strategic Recommendations

Markets Covered

The Asia Pacific Tire Pressure Monitoring System Market report provides a detailed analysis of the following market segments:

• By Types:
• Direct Tire Pressure Monitoring System
• Indirect Tire Pressure Monitoring System
• Sales Channels:
• Original Equipment Manufacturers (OEMs)
• Aftermarkets
• By Vehicle Types:
• Passenger Cars
• Commercial Vehicles
• By Key Countries:
• India
• China
• Japan
• Australia
• Indonesia
• Malaysia
• Thailand
• Rest of Asia Pacific

Other Key Reports Available:

• India Tire Pressure Monitoring System Market Report
• China Tire Pressure Monitoring System Market Report
• Japan Tire Pressure Monitoring System Market Report
• Australia Tire Pressure Monitoring System Market Report
• Indonesia Tire Pressure Monitoring System Market Report
• Malaysia Tire Pressure Monitoring System Market Report
• Thailand Tire Pressure Monitoring System Market Report

Frequently Asked Questions About the Market Study (FAQs):