Rapid adoption of automotive tire pressure monitoring system (TPMS) to limit occurrences of road accidents has gained reasonable traction. Additionally, factors such as need for reduced carbon dioxide gas emissions, and need for adequate fuel economy further catapult growth in automotive tire pressure monitoring system (TPMS) market. Also, stringent safety stipulation is also accounted to drive market growth in automotive tire pressure monitoring system (TPMS) market. Such insightful market highlights have been extracted from a recent research report titled, ‘Global Market Study on Automotive Tire Pressure Monitoring System (TPMS): Global Industry Analysis 2013 – 2017 and Forecast 2018 – 2026‘to its burgeoning database.
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Product Innovations: Key Growth Strategy amongst Leading Global Providers in TPMS Market
Innovations in new product delivery, pervasive sales distribution, and R&D initiatives for enhanced technological features remain pertinent growth strategies amongst leading players in global TPMS market. For instance, in a bid to consolidate its position in global tire pressure monitoring system market, prominent market participant, Continental has recently launched its new TPMS dedicated for trailers. The addition promises to aid real-time monitoring system at economical pricing, thus instrumenting substantial adoption which is expected to reflect favorably on global tire pressure monitoring system market.
Passenger Car Segment Likely to Retain Maximum Market Share during the Forecast Tenure
This research report on global TPMS market offers veritable market insights on ongoing market developments at the global as well as regional spectrum. The report offers an executive summary comprising ongoing market trends, drivers, restraints, and opportunities that foster growth in tire pressure monitoring systems market. To aid investment decisions of market players in TPMS market, this section of the report also entails a detailed summary of prominent market segments operational in tire pressure monitoring system market, based on which the report identifies type, vehicle type, and sales channel as prominent market segments in TPMS market. Based on type, TPMS market is classified into direct and indirect. In terms of vehicle type, global tire pressure monitoring system market is bifurcated into passenger cars, LCV, and HCV. In terms of sales channel, tire pressure monitoring system market is classified into Original Equipment Manufacturer (OEM) and aftermarket.
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North America to Account Superlative Growth Ratios in TPMS Market
Additionally, this section of the report also includes pertinent details on geographical expanse of automotive tire pressure monitoring system (TPMS) market, based on which the market is demarcated into Europe, North America, Latin America, South East Asia, Asia-Pacific, China, and Middle East and Africa.
Competition Deep-Dive: TPMS Market
Based on elaborate research findings included in this section of the report, readers are presented with a comprehensive overview of the efficacy of marketing strategies implemented by leading market players in enticing market growth besides influencing desired end-user response in terms of buying discretion. The report also benchmarks core market players in tire pressure monitoring system market, such as ZF Friedrichshafen AG, Continental AG, Pacific Industrial Co., Ltd., WABCO, NIRA Dynamics AB, and ATEQ amongst others.
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