Strategic Analysis of the North American and European Tire Pressure Monitoring Systems Aftermarket
Tire pressure sensors is one of the fastest-growing product lines in the automotive aftermarket.
Total Tire Pressure Monitoring System Market: Key Takeaways, North America and Europe, 2013
Manufacturer-level revenue across both regions totaled $ million in 2013 on unit shipments of million. By 2020, Frost & Sullivan forecasts manufacturer-level revenue to total $ million on unit shipments of million, making tire pressure sensors one of the fastest-growing product lines in the automotive aftermarket.
The North American aftermarket is more mature than Europe’s, accounting for about % of 2013 unit shipments, because legislation mandating tire pressure monitoring systems (TPMS) takes effect to years sooner in the United States. By 2020, the European aftermarket will begin to catch up to North America and will account for approximately one-third of total unit shipments.
Application-specific, direct-fit sensors made up approximately % of unit shipments in North America and Europe in 2013, with universal-fit, programmable parts accounting for about 25% of demand. However, universal-fit sensors will gain considerable ground against direct-fit products in the coming years, which will reduce entry barriers for manufacturers, distributors, and installers, and increase the overall level of competition in the aftermarket.
About this report
This research service analyzes the tire pressure sensors aftermarket in North America and Europe. Frost & Sullivan forecasts high growth in both regions because of battery expiration in North America and winter tire sales in Europe. The study includes unit shipment and revenue forecasts; pricing, distribution channel, and market share analyses; market drivers and restraints; and demand factors such as vehicles in operation and age. The base year is 2013, with forecasts from 2014 through 2020. Historical data is included (2010-2012). The study also presents a technology roadmap for tire pressure monitoring systems, analyzing how adoption rates of competing products could impact sensor demand over the long term.
Electronic Access - Site License Fulfilled by Publisher
Electronic Access - Global site License Fulfilled By Publisher