DUBLIN, Oct. 23, 2019 /PRNewswire/ -- The "Tire Pressure Monitoring Systems (TPMS) - Market Analysis, Trends, and Forecasts" report has been added to ResearchAndMarkets.com's offering.
The Tire Pressure Monitoring Systems (TPMS) market worldwide is projected to grow by US$9 Billion, driven by a compounded growth of 8.8%.
Direct, one of the segments analyzed and sized in this study, displays the potential to grow at over 8.7%. The shifting dynamics supporting this growth makes it critical for businesses in this space to keep abreast of the changing pulse of the market. Poised to reach over US$17.5 Billion by the year 2025, Direct will bring in healthy gains adding significant momentum to global growth.
Representing the developed world, the United States will maintain a 10.1% growth momentum. Within Europe, which continues to remain an important element in the world economy, Germany will add over US$408.8 Million to the region's size and clout in the next 5 to 6 years. Over US$416.9 Million worth of projected demand in the region will come from the rest of the European markets. In Japan, Direct will reach a market size of US$1.2 Billion by the close of the analysis period.
As the world's second largest economy and the new game changer in global markets, China exhibits the potential to grow at 8.5% over the next couple of years and add approximately US$1.5 Billion in terms of addressable opportunity for the picking by aspiring businesses and their astute leaders.
Presented in visually rich graphics are these and many more need-to-know quantitative data important in ensuring quality of strategy decisions, be it entry into new markets or allocation of resources within a portfolio.
Several macroeconomic factors and internal market forces will shape growth and development of demand patterns in emerging countries in Asia-Pacific. All research viewpoints presented are based on validated engagements from influencers in the market, whose opinions supersede all other research methodologies.
Competitors identified in this market include:
- Bartec USA LLC
- Bendix Commercial Vehicles Systems LLC
- Continental AG
- DENSO Auto Parts
- Hamaton Automotive Technology Co., Ltd.
- Huf Hlsbeck & Frst GmbH & Co. KG
- NIRA Dynamics AB
- NXP Semiconductors NV
- Pacific Industrial Co., Ltd.
- Sensata Technologies, Inc.
- Wabco Holdings Inc.
Key Topics Covered:
1. Market Overview
2. Focus On Select Players
3. Market Trends & Drivers
4. Global Market Perspective
For more information about this report visit https://www.researchandmarkets.com/r/hxmje5
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