Tire Pressure Monitoring Systems (TPMS): Market Research Report

January 2015 | 231 pages | ID: T008C3D5389EN
Global Industry Analysts, Inc

Abstracts

This report analyzes the worldwide markets for Tire Pressure Monitoring Systems (TPMS) in US$ Million. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World. Annual estimates and forecasts are provided for the period 2013 through 2020. Also, a four-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. Company profiles are primarily based on public domain information including company URLs. The report profiles 78 companies including many key and niche players such as -

• Advantage PressurePro LLC
• ALLIGATOR Ventilfabrik GmbH
• Bartec USA LLC
• Bendix Commercial Vehicle Systems LLC
• Bosch Automotive Technology

Contents

I. INTRODUCTION, METHODOLOGY & PRODUCT DEFINITIONS

Study Reliability and Reporting Limitations
Disclaimers
Data Interpretation & Reporting Level
Quantitative Techniques & Analytics
Product Definitions and Scope of Study

II. EXECUTIVE SUMMARY

1. INDUSTRY OVERVIEW

The Changing Face of the Automotive Industry: A Prelude

Table 1. Emerging Dominance of OEMs From Developing Countries in the Global Automotive Manufacturing Market (2012 & 2025P): Percentage Share Breakdown of Number of OEMs by Origin - OEMs from Developed Automotive Markets & OEMs from Emerging Automotive Markets (includes corresponding Graph/Chart)

Table 2. Emerging Dominance of OEMs From Developing Countries in the Global Passenger Car Market (2012 & 2025P): Percentage Share Breakdown of Regional & Foreign OEMs by Region/Country (includes corresponding Graph/Chart)

Table 3. Middle-Class Consumer Spending Across Developed and Developing Regions (2013 & 2030F): Percentage Breakdown by Region (includes corresponding Graph/Chart)

Growing Significance of Automotive Safety Technologies
Tire Pressure Monitoring System (TPMS): A Crucial Safety Feature
TPMS: A Legislation Driven Market
Developed Markets – The Traditional Revenue Generators
Impact of the 2007-2009 Recession on the Automotive Industry in Retrospect
Market Stages Strong Comeback in 2010
Market Once Again Tested Between 2011-2013: A Recent Past Perspective
Uncertainty in US Economy in 2013 Hurts Automotive Industry – Slows Down Growth Momentum TPMS Market
‘Eurozone’ Debt Crisis Tempers Economic Activity in the Region in 2012 & 2013
European Debt Crisis Drags Automotive Market into the Red – Hurts Demand for TPMS in 2012 & 2013

Table 4. European Automobile Market: Plant Capacity Utilization for the Years 2007, 2010, 2011 & 2012 (includes corresponding Graph/Chart)

Weak Japanese Economy in H2-2013 Slows Down Growth in TPMS Market
Uneven Growth in Emerging Markets During 2011-2013 Due to Structural Slowdown Slows Down Penetration of TPMS in Asia-Pacific
Resurgence in Growth Fundamentals Encourages an Optimistic Market Outlook for the Year 2014 & Beyond

Table 5. World GDP (2012-2015): Breakdown of Percentage GDP Growth by Select Country (includes corresponding Graph/Chart)

US Market in 2014 & Beyond: Mostly Positive Outlook Sprinkled With Yet Lingering Fears
European Market in 2014 & Beyond: Hopes for a Recovery Despite Volatility & Risks of a Relapse

Table 6. EU Real GDP Growth Rates in % (2014 & 2015): Breakdown by Country (includes corresponding Graph/Chart)

Table 7. Key Business Indicators in the Euro Area for the First 3 Quarters of the Year 2014 (includes corresponding Graph/Chart)

Developing Countries to be Primary Growth Drivers in Coming Years
Year 2014 & 2015: Cyclical Upturn Encourages Positive Automotive Manufacturing Outlook in Asia-Pacific – Bodes Well for Market
Replacement Demand – A Major Opportunity for Developed Markets
Outlook

2. MARKET TRENDS & ISSUES

Projected Rise in Auto Sales & Subsequent Rise in Production to Boost Market Prospects

Table 8. World Production of Passenger Cars: Breakdown of Annual Production Figures in ‘000’ Units for Years 2014 & 2018 by Geographic Region/Country (includes corresponding Graph/Chart)

Table 9. World Production of Commercial Vehicles: Breakdown of Annual Production Figures in ‘000’ Units for Years 2014 & 2018 by Geographic Region/Country (includes corresponding Graph/Chart)

Quest for Fuel Efficiency Offers a Business Case for TPMS
Direct TPMS Continues to Score Over Indirect TPMS on Counts of Reliability
Growing Popularity of Run-flat Tires Bodes Well for TPMS
Consumer Awareness Yet to be Spearheaded…
Aircraft TPMS Gain Importance
Motorcycle TPMS: A Lucrative Niche
OTR Market: A New Growth Sector for TPMS
Innovation is the Name of the Game
Hacking Through a Car’s TPMS Causes Concern
Aftermarket TPMS Offerings Benefit Automotive Accessory Distributors
Market Share Statistics

Table 10. World Market for Tire Pressure Monitoring System (TPMS) (2013): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart)

Airless Tires – An Emerging Threat?

3. PRODUCT OVERVIEW

Tire Pressure Monitoring System (TPMS): A Definition
Direct TPMS
Disadvantages of Battery-Powered Direct TPMS
Battery Limitations
Higher Replacement Cost
Sensors Prone to Damage and Hamper Wheel Balancing
Indirect TPMS
Components of a TPMS
Sensor/Transmitter Device
Radio Frequency Receiver Module
LF Commander Device
Electronic Control Unit
Advantages of TPMS
Safety
Environment
Cost Benefits

4. PRODUCT INTRODUCTIONS/LAUNCHES

Continental Upgrades TPMS With Automatic Trailer Learning Functionality
Dill Air Control Expands OEM TPMS Sensor Portfolio
Fobo Introduces FOBO Tire Smartphone Based TPMS System
PAPAGO Introduces New TPMS System
TRW Introduces Integrated RKE and TPMS Solution
PressurePro Collaborates with Trimble to Launch Trimble TirePulse
HawksHead Launches Hand-Held TPMS Reader for OTR and Semi Truck Fleets
WheelRight Introduces the Latest TPMS Solution
TyrePal Launches TyrePal TC215 TPMS
HawksHead Introduces Moto-Track TPMS for Motorcycles
Bartec Introduces TECH400SD TPMS Tool
Bendix Launches SmarTire Trailer-Link TPMS
Advantage PressurePro Unveils Flex Intelligent Monitor Upgrades
Continental Tire the Americas Launches ContiPressureCheck System
Doran Manufacturing Launches Tire Pressure Monitoring Sensors
BridgeStone Commercial Solutions Develops B-TAG Temperature-and Pressure-Monitoring System for OTR Tires
Bartec Launches Three New TPMS Products
Comatra Unveils Tire Pressure Monitoring System for Agricultural Tires
Schrader Launches Off-The-Road TPMS
Steelmate Launches TPMS and a Backup Camera for Ford Trucks
TireStamp Unveils TireVigil TPMS Trailer
Bendix to Unveil SmarTire TPMS for Trailers
Wabco Introduces Integrated Vehicle Tire Pressure Monitoring System
Daimler Trucks North America Introduces Tire Pressure Monitoring System
Bridgestone Introduces B-Tag
Schrader Launches Schrader EZ-tire Tire-mounted Sensors
Schrader Introduces TPMS Range for Off-the-Road Vehicles
Bridgestone to Launch TPMS in Europe
ESCO Launches New Truck TPMS

5. RECENT INDUSTRY ACTIVITY

Advantage Pressure Pro Enter into Strategic Alliance with GPSTrackIt. com
Sensata Set to Acquire Schrader
Doran Announces Integration of Doran 360 TPMS with Omnitracs MCP200, MCP110 and MCP50 Mobile Computing Platforms
Wabco and Huf Electronics Bretten to Develop Next-Generation Tire Pressure Monitoring System
NIRA Enters into an Agreement with Bosch
Schrader Bags New Contract from Mahindra Reva
Translogik Wins New Contract from Kumba
SMP Acquires Stake in Orange Electronic
PressurePro Teams Up with Velociti for TPMS Installation Services
Transense Enters into iTrack Supply Agreement with AutoRFID
Murata Renames VTI as Murata Electronics Oy
PressurePro Enters into an Exclusive Agreement with Trimble
Advantage PressurePro Teams Up with Concirrus
WABCO Signs Agreement with GAZ Group
Madison Dearborn Acquires Schrader
PressurePro Enters into a Partnership with Mobile Witness

6. FOCUS ON SELECT PLAYERS

Advantage PressurePro LLC (USA)
ALLIGATOR Ventilfabrik GmbH (Germany)
Bartec USA LLC (USA)
Bendix Commercial Vehicle Systems LLC (USA)
Bosch Automotive Technology (Germany)
Continental AG (Germany)
Delphi Automotive LLP (USA)
Dill Air Control Products (USA)
Doran Manufacturing, LLC. (US)
Dunlop Tech GmbH (Germany)
GE Measurement and Control (USA)
Hella Ireland Limited (Ireland)
Huf Electronics Bretten GmbH (Germany)
Johnson Controls, Inc. (USA)
Murata Electronics Oy (Finland)
NIRA Dynamics AB (Sweden)
Orange Electronic North America (USA)
Pacific Industrial Co. , Ltd. (Japan)
Schrader Electronics Ltd (UK)
Silicon Microstructures Inc. (USA)
Standard (USA)
Transense Technologies Plc (UK)
TRW Automotive Holdings Corp. (USA)

7. GLOBAL MARKET PERSPECTIVE

Table 11. World Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems by Region/Country - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World Markets Independently Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 12. World Historic Review for Tire Pressure Monitoring Systems by Region/Country - US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World Markets Independently Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

Table 13. World 10-Year Perspective For Tire Pressure Monitoring Systems by Region/Country - Percentage Breakdown of Annual Dollar Sales for US, Canada, Japan, Europe, Asia-Pacific (excluding Japan), and Rest of World Markets for Years 2009, 2014 and 2020 (includes corresponding Graph/Chart)

III. MARKET

1. THE UNITED STATES

A. Market Analysis
Current & Future Analysis
Years 2011 & 2012 Witness Considerable Growth in US Economy – Keeps Demand Steady for TPMS
After a Temporary Slowdown in Growth in 2013, TPMS Market Bounces Back in 2014
Replacement Demand to Drive US Market for TPMS Going Further

Table 14. TPMS Market in North America – Percentage Share Breakdown of Sales Revenue by Segment – OEM & Aftermarket for Year 2008 & 2018 (includes corresponding Graph/Chart)

Stringent Regulations Drive US TPMS Market
The TREAD Act
Historic Events
The Final Rule

Table 15. North American Market for Tire Pressure Monitoring System (TPMS) (2013): Percentage Market Share Breakdown of Leading Players (includes corresponding Graph/Chart)

Product Launches
Strategic Corporate Developments
Key Players
B. Market Analytics

Table 16. US Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 17. US Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

2. CANADA

A. Market Analysis
Current & Future Analysis
Product Launches
B. Market Analytics

Table 18. Canadian Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 19. Canadian Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

3. JAPAN

A. Market Analysis
Current & Future Analysis
A Snapshot
Product Launch
Strategic Corporate Development
Key Player
B. Market Analytics

Table 20. Japanese Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 21. Japanese Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

4. EUROPE

A. Market Analysis
Current & Future Analysis
Indirect TPMS Starts Gaining Industry Attention in Europe
Regulatory Environment
A Peek into European Union ECE-R 64 Legislation
Stringent Environmental Regulations to Drive TPMS Market in Europe
B. Market Analytics

Table 22. European Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems by Region/Country - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 23. European Historic Review for Tire Pressure Monitoring Systems by Region/Country - France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets Independently Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

Table 24. European 12-Year Perspective for Tire Pressure Monitoring Systems by Region/Country - Percentage Breakdown of Annual Dollar Sales for France, Germany, Italy, UK, Spain, Russia and Rest of Europe Markets for Years 2009, 2014 and 2020 (includes corresponding Graph/Chart)

4A. FRANCE

A. Market Analysis
Current & Future Analysis
B. Market Analytics

Table 25. French Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 26. French Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

4B. GERMANY

A. Market Analysis
Current & Future Analysis
Renowned for Luxury Car Manufacturing – Germany Proves to be a Huge Market for TPMS
Strategic Corporate Developments
Key Players
B. Market Analytics

Table 27. German Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 28. German Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

4C. ITALY

A. Market Analysis
Current & Future Analysis
B. Market Analytics

Table 29. Italian Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 30. Italian Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

4D. THE UNITED KINGDOM

A. Market Analysis
Current & Future Analysis
Product Launches
Strategic Corporate Development
Key Players
B. Market Analytics

Table 31. United Kingdom Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 32. United Kingdom Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

4E. SPAIN

A. Market Analysis
Current & Future Analysis
B. Market Analytics

Table 33. Spanish Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 34. Spanish Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

4F. RUSSIA

A. Market Analysis
Current & Future Analysis
Planned Regulatory Framework for Mandatory TPMS Integration to Unlock Lucrative Opportunities
B. Market Analytics

Table 35. Russian Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 36. Russian Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

4G. REST OF EUROPE

A. Market Analysis
Current & Future Analysis
Product Launches
Key Players
B. Market Analytics

Table 37. Rest of Europe Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 38. Rest of Europe Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

5. ASIA-PACIFIC

A. Market Analysis
Current & Future Analysis
Market Overview
B. Market Analytics

Table 39. Asia-Pacific Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems by Region/Country - China, South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 40. Asia-Pacific Historic Review for Tire Pressure Monitoring Systems by Region/Country - China, South Korea and Rest of Asia-Pacific Markets Independently Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

Table 41. Asia-Pacific 10-Year Perspective for Tire Pressure Monitoring Systems by Region/ Country - Percentage Breakdown of Annual Dollar Sales for China, South Korea and Rest of Asia-Pacific Markets for Years 2009, 2014 and 2020 (includes corresponding Graph/Chart)

5A. CHINA

A. Market Analysis
Current & Future Analysis
The Still Strong Automotive Industry Presents
Soaring popularity of Premium Automobiles Bodes Well for TPMS Market
B. Market Analytics

Table 42. Chinese Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 43. Chinese Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

5B. SOUTH KOREA

A. Market Analysis
Current & Future Analysis
The Largest & the Fastest Growing Regional Market for TPMS in Asia-Pacific
B. Market Analytics

Table 44. South Korean Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 45. South Korean Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

5C. REST OF ASIA-PACIFIC

A. Market Analysis
Current & Future Analysis
Product Launch
Strategic Corporate Developments
B. Market Analytics

Table 46. Rest of Asia-Pacific Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 47. Rest of Asia-Pacific Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

6. REST OF WORLD

A. Market Analysis
Current & Future Analysis
Strategic Corporate Developments
B. Market Analytics

Table 48. Rest of World Recent Past, Current & Future Analysis for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2013 through 2020 (includes corresponding Graph/Chart)

Table 49. Rest of World Historic Review for Tire Pressure Monitoring Systems Analyzed with Annual Dollar Sales in US$ Million for Years 2009 through 2012 (includes corresponding Graph/Chart)

IV. COMPETITIVE LANDSCAPE

Total Companies Profiled: 78 (including Divisions/Subsidiaries - 88)
The United States (29)
Canada (2)
Japan (6)
Europe (24)
  Germany (9)
  The United Kingdom (9)
  Rest of Europe (6)
Asia-Pacific (Excluding Japan) (26)
Africa (1)