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 Regions(Central Region, Western Region, Eastern Region & Southern Region)And Competitive Landscape.
Product Code: ETC131508 | Publication Date: Jan 2020 | Updated Date: Aug 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Saudi Arabia Tire Pressure Monitoring System Market registered a decline of -63.96% in value shipments in 2021 as compared to 2020 and an increase of 2.81% CAGR in 2021 over a period of 2017. In Tire Pressure Monitoring System Market Saudi Arabia is becoming less competitive as HHI index in 2021 was 2903 while in 2017 it was 1599. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market.
Saudi Arabia has reportedly relied more on imports to meet its growing demand in Tire Pressure Monitoring System Market. India is shifting towards local production to meet its demand as we see the trend is shifting towards reducing imports. The import factor of Tire Pressure Monitoring System Market in 2021 was 5.12 while in 2017 it was 19.3. France, Germany, China, Canada and Czechia were among the top players of the market in 2021, where France acquired the largest market share of 38.98% with a shipment value of 11.99 million USD in 2022 France also offered the product below the average market price thus having a competitive advantage over others In 2017 USA had the largest market share of 33.81% with the shipment value of 25.12 million USD. The country was offering its product with an average price which is lower than the average market price offered in the country. As USA price is lower than the average price, it provided a significant edge among other competitor in 2017.
A high number of accidents due to tire blowouts, commencements of projects to improve road safety by the Ministry of Transport (MoT), growing focus on fuel efficiency and sustainability, as well as the burgeoning automotive industry in the kingdom are the key drivers for the growth of tire pressure monitoring systems market in Saudi Arabia.
According to 6Wresearch, Saudi Arabia Tire Pressure Monitoring System Market size is anticipated to grow during 2020-2026. Eight road safety projects initiated by the Ministry of Transport in the kingdom in 2018 including the establishment of the National Road Safety Center, and three projects related to traffic safety equipment are expected to fuel the market for tire pressure monitoring systems during the forecast period. Also, the first tire plant set up by the National Tire Company in the industrial zone of Jubail is expected to start production in 2020 and is likely to positively impact the demand for tire pressure monitoring systems in the kingdom during the forecast period.
Based on types, direct TPMS segment is likely to contribute substantially to the market during the forecast period. Based on vehicle types, passenger cars segment accounted for a major share of market demand and is expected to register growth during the forecast period. Based on sales channels, aftermarkets segment is anticipated to grow considerably as safety regulations and increasing awareness make consumers more concerned about vehicle and passenger safety.
The Saudi Arabia tire pressure monitoring system market report thoroughly covers the market by types, sales channels, vehicle types, and regions including central region, western region, eastern region and southern region. The Saudi Arabia tire pressure monitoring system market outlook provides an unbiased and detailed analysis of the on-going Saudi Arabia 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.
Key Highlights of the Report:
Markets Covered
The Saudi Arabia Tire Pressure Monitoring System Market report provides a detailed analysis of the following market segments:
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 Saudi Arabia Tire Pressure Monitoring System Market Overview |
3.1 Saudi Arabia Country Indicators |
3.2 Saudi Arabia Tire Pressure Monitoring System Market Revenues, 2016-2026F |
3.3 Saudi Arabia Tire Pressure Monitoring System Market Revenue Share, By Types, 2019 & 2026F |
3.4 Saudi Arabia Tire Pressure Monitoring System Market Revenue Share, By Sales Channels, 2019 & 2026F |
3.5 Saudi Arabia Tire Pressure Monitoring System Market Revenue Share, By Vehicle Types, 2019 & 2026F |
3.6 Saudi Arabia Tire Pressure Monitoring System Market Revenue Share, By Regions, 2019 & 2026F |
3.7 Saudi Arabia Tire Pressure Monitoring System Market - Industry Life Cycle |
3.8 Saudi Arabia Tire Pressure Monitoring System Market - Porter’s Five Forces |
4 Saudi Arabia Tire Pressure Monitoring System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Tire Pressure Monitoring System Market Trends |
6 Saudi Arabia Tire Pressure Monitoring System Market Overview, By Types |
6.1 Saudi Arabia Direct Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
6.2 Saudi Arabia Indirect Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
7 Saudi Arabia Tire Pressure Monitoring System Market Overview, By Sales Channels |
7.1 Saudi Arabia Tire Pressure Monitoring System Market Revenues and Volume, By OEMs, 2016-2026F |
7.2 Saudi Arabia Tire Pressure Monitoring System Market Revenues and Volume, By Aftermarkets, 2016-2026F |
8 Saudi Arabia Tire Pressure Monitoring System Market Overview, By Vehicle Types |
8.1 Saudi Arabia Passenger Cars Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
8.2 Saudi Arabia Commercial Vehicles Tire Pressure Monitoring System Market Revenues and Volume, 2016-2026F |
9 Saudi Arabia Tire Pressure Monitoring System Market Overview, By Regions |
9.1 Saudi Arabia Tire Pressure Monitoring System Market Revenues and Volume, By Central Region, 2016-2026F |
9.2 Saudi Arabia Tire Pressure Monitoring System Market Revenues and Volume, By Western Region, 2016-2026F |
9.3 Saudi Arabia Tire Pressure Monitoring System Market Revenues and Volume, By Eastern Region, 2016-2026F |
9.4 Saudi Arabia Tire Pressure Monitoring System Market Revenues and Volume, By Southern Region, 2016-2026F |
10 Saudi Arabia Tire Pressure Monitoring System Market Key Performance Indicators |
11 Saudi Arabia Tire Pressure Monitoring System Market Opportunity Assessment |
11.1 Saudi Arabia Tire Pressure Monitoring System Market Opportunity Assessment, By Types , 2026F |
11.2 Saudi Arabia Tire Pressure Monitoring System Market Opportunity Assessment, By Sales Channels 2026F |
11.3 Saudi Arabia Tire Pressure Monitoring System Market Opportunity Assessment, By Vehicle Types 2026F |
12 Saudi Arabia Tire Pressure Monitoring System Market Competitive Landscape |
12.1 Saudi Arabia Tire Pressure Monitoring System Market Revenue Share, By Companies, 2019 |
12.2 Saudi Arabia Tire Pressure Monitoring System Market Competitive Benchmarking, By Operating Parameters |
13 Company Profiles |
14 Key Strategic Recommendations |
15 Disclaimer |