Europe Automotive TPMS Market - Forecasts and Trends 2017 - 2022

  • ID: 4384703
  • Report
  • Region: Europe
  • 123 pages
  • Mordor Intelligence
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The Europe Automotive TPMS market is expected to reach a market size of US $X.XX billion by 2020 and is poised to grow at a CAGR of 16.77% over the forecasted period. The market from the Europe region is expected to witness a significant hold in the global automotive TPMS market by the end of 2020. Europe is the second largest market for tire pressure monitoring system. The EU TPMS regulation requires formulated on November, 2012 has made it compulsory to install TPMS on all new passenger vehicles from November, 2014. TPMS is an electronic system, designed to provide real-time information about tire pressure by monitoring the air pressure inside the tires. In addition, TPMS warns the driver about the number of tires that are underinflated. Disabling a TPMS or any other safety systems on a vehicle would be considered as an offence as per EU regulations.

Factors such as adoption of stringent safety and fuel-efficiency regulations by governments/agencies in the European countries is helping to accelerate the demand of automotive TPMS system significantly in many European countries. Tire blowouts because of underinflated and overinflated tires result in accidents and human fatalities.EU legislation has strict rules and norms to ensure vehicular safety and thereby has a mandate to keep a TPMS in the newly installed vehicle which would start alerting the driver from a tire pressure of 7KPa and not 15KPa which was proposed previously. This has made Governments and agencies across the various countries to incorporate and amend vehicle safety regulations accordingly. The demand for fuel-efficient vehicles and vehicles with reduced harmful emissions from the European countries would help to drive the automotive TPMS market in the region.

The market of direct TPMS is expected to dominate the European market, and would significantly help to drive the TPMs market in the region. This is due to the inherent fuel efficiency advantages provided by the sensor technology in this form of TPMS. The rise in technological innovations to design and develop universal TPMS sensors to ensure easy programming and configuration is one of the primary driver of direct TPMS in this market. Though indirect TPMS are cheap and they provide substantial amount of warning to drivers, but are not efficient and cost effective in a regulated environment as that of Europe. The premium passenger vehicles segment is expected to constitute the highest share in the automotive TPMS market in Europe.

The functional errors in TPMS, deter consumers from placing faith in such types of new technology. Awareness of the advantages carried by TPMS, and the safety requirements legislated by EU is a little low among the customers in the region and the installations have been made only in the OEM-fitted vehicles. Thereby the aftermarket in TPMS systems is significantly low in the region. With the demand for passenger vehicles equipped with safety features increasing, the demand for electronic TPMS in Europe region would be significantly high in the region. Prominent vendors in the TPMS market in the region, include Continental, Schrader International, Delphi Automotive, Valeo are some of the dominant players in this region.

WHAT THE REPORT OFFERS

Market Definition along with identification of key drivers and restraints for the market.
Market analysis with country specific assessments and competition analysis in the Europe TPMS market.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies, which can influence the market on the regional scale and at the country level.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
Identification and analysis of the Macro and Micro factors that affect the industry on both regional scale and at the country level.
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1. INTRODUCTION
1.1 Study Deliverables
1.2 Market Definition
1.3 Sizing Units
1.4 Base Currency
1.5 Review and Forecast Period Years
1.6 General Study Assumptions
1.7 New Developments in R&D/ Latest Technologies
2. RESEARCH METHODOLOGY
2.1 Introduction
2.2 Analysis Methodology
2.3 Econometric Forecast Model
2.4 Research Assumptions
3. EXECUTIVE SUMMARY
4. KEY INFERENCES
5. MARKET OVERVIEW AND TECHNOLOGY TRENDS
5.1 Current Market Scenario
5.2 Technological Developments
5.3 Investment Analysis
5.4 Porter's Five Forces Framework
5.4.1 Bargaining Power of Suppliers
5.4.2 Bargaining Power of Consumers
5.4.3 Threat of New Entrants
5.4.4 Threat of Substitute Products and Services
5.4.5 Competitive Rivalry within the industry
5.5 Drivers, Restraints, Opportunities and Challenges
5.6 Technology Trends
6. EUROPE AUTOMOTIVE TPMS MARKET, BY TYPE
6.1 Direct TPMS
6.2 Indirect TPMS
7. EUROPE AUTOMOTIVE TPMS MARKET, BY END USER SEGMENT
7.1 OEMS
7.2 Aftermarket
8. EUROPE AUTOMOTIVE TPMS MARKET, BY VEHICLE TYPE
8.1 Passenger Vehicles
8.2 Light Commercial Vehicles
8.3 Heavy Commercial Vehicles
9. EUROPE AUTOMOTIVE TPMS MARKET- BY GEOGRAPHY - Country Share and Forecasts
9.1 Europe(EU)
9.1.1 Introduction
9.1.2 UK
9.1.3 France
9.1.4 Germany
9.1.5 Italy
9.1.6 Rest of Europe
10. COMPETITIVE LANDSCAPE
10.1 Market Share Analysis
10.2 Organic and Inorganic Growth Strategies
10.3 Patent Analysis
10.4 The Challenges
10.5 Zero-Sum Quadrant
11. KEY VENDOR ANALYSIS
11.1 Continental
11.2 Pacific Industrial
11.3 Schrader Electronics
11.4 ALLIGATOR Ventilfabrik GmbH
11.5 Advantage PressurePro Enterprises Inc.
11.6 Alps Electric Co. Ltd.
11.7 Bartec Group
11.8 Bendix Commercial Vehicle Systems LLC
11.9 Delphi Automotive LLP
11.10 Dill Air Control Products
11.11 Freescale Semiconductor
11.12 Doran Manufacturing LLC
11.13 Hella KGaA Hueck & Co
11.14 Huf Electronics Bretten GmbH
11.15 Transense Technologies Plc
11.16 ZF TRW
11.17 Valeo
11.18 Valor TPMS
12. FUTURE OUTLOOK OF THE MARKET
13. APPENDIX
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