Market Overview:
The global TPMS valves market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for passenger cars and commercial vehicles, and rising awareness about vehicle safety. The OEM segment is expected to hold a major share of the global TPMS valves market during the forecast period, owing to the increasing demand for original equipment from automakers. Asia Pacific is expected to be fastest-growing region in terms of CAGR during the forecast period, owing to rising demand for passenger cars and commercial vehicles in countries such as China and India.
Product Definition:
TPMS valves are used in Tire Pressure Monitoring Systems to measure and regulate the air pressure in tires.
OEM:
OEM (Original Equipment Manufacture) is a term used in the automotive industry for referring to a company that manufactures parts for another company’s products. In the case of tires, an OEM may manufacture both the tire and valve. For example, Michelin produces both the tire and valve for Lehigh Technologies' treadmills.
Aftermarket:
Aftermarket is the second hand market for consumer goods. Aftermarket can be defined as a secondary or third-party market for the purchase and sale of products manufactured or distributed by a primary company. In automotive terms, aftermarket includes all non-new parts sold to consumers and businesses that are not included in the warranty of new vehicles.
Application Insights:
Passenger cars was the largest application segment in 2017 and is expected to maintain its dominance over the forecast period. TPMS valves are integrated with passenger cars to monitor tire inflation. In case of any loss of pressure, these valves open circuit breaker mechanism that cuts off power from engine immobilizer or fuel supply line to the engine, thereby preventing vehicle theft or possible damage and injury caused by an exploding vehicle. The integration of TPMS with vehicles allows consumers greater control over maintenance costs as well as provides safety benefits for drivers along with their vehicles.
Commercial Vehicles segment is anticipated to register a notable growth rate over the forecast period owing to increasing demand for heavy-duty trucks across various end-use industries such as mining, construction and agriculture among others.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing vehicle production in countries, such as India, Indonesia and China. In addition, rising disposable income levels in developing economies are anticipated to fuel TPMS valve sales over the forecast period. The Middle East & Africa is also estimated to witness significant growth over the coming years dueNorth African economic recovery and growing automotive industry coupled with favorable government regulations aimed at promoting new investments in this region will drive demand for TPMS valves. North America was one of the largest regional markets for titanium pressure monitoring system valves as it has one of the highest penetration rates for aftermarket parts across all vehicles types including passenger cars, commercial trucks/vans and motorcycles.
Growth Factors:
- Increasing demand for fuel-efficient vehicles: The global market for TPMS valves is expected to grow at a CAGR of over 9% from 2016 to 2024, owing to the increasing demand for fuel-efficient vehicles. This is because TPMS valves help in improving the fuel efficiency of a vehicle by up to 3%.
- Stringent emission norms: Stringent emission norms across different countries are also propelling the growth of the global TPMS valves market. For instance, Euro 6 emission norm that came into effect in September 2015 in Europe mandates use of advanced emissions control technologies such as TPMS valves in all passenger cars and light commercial vehicles (LCVs).
- Technological advancements: Rapid technological advancements are also aiding the growth of the global TPMS valves market. For instance, new wireless technology has made installation and maintenance of TPMS systems easier than ever before. This is resulting in an increase in adoption rates of these systems among automakers worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
TPMS Valves Market Research Report
By Type
OEM, Aftermarket
By Application
Passenger Cars, Commercial Vehicles
By Companies
Alligator, Baolong Automotive, Hamaton, Schrader Pacific Advanced Valves, NSL-technology, Triton, Shen Shi Wei Ye, Liuhui Holding Group, Shandong Himile Valve, Alligator
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
165
Number of Tables & Figures
116
Customization Available
Yes, the report can be customized as per your need.
Global TPMS Valves Market Report Segments:
The global TPMS Valves market is segmented on the basis of:
Types
OEM, Aftermarket
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Passenger Cars, Commercial Vehicles
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alligator
- Baolong Automotive
- Hamaton
- Schrader Pacific Advanced Valves
- NSL-technology
- Triton
- Shen Shi Wei Ye
- Liuhui Holding Group
- Shandong Himile Valve
- Alligator
Highlights of The TPMS Valves Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- OEM
- Aftermarket
- By Application:
- Passenger Cars
- Commercial Vehicles
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the TPMS Valves Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
TPMS valves are used on vehicles to monitor the pressure of the tires. When a tire is inflated to its recommended pressure, TPMS valves close and prevent air from entering the tire. When the tire's pressure decreases below a certain level, TPMS valves open and allow air into the tire.
Some of the major companies in the tpms valves market are Alligator, Baolong Automotive, Hamaton, Schrader Pacific Advanced Valves, NSL-technology, Triton, Shen Shi Wei Ye, Liuhui Holding Group, Shandong Himile Valve, Alligator.
The tpms valves market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 TPMS Valves Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 TPMS Valves Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 TPMS Valves Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the TPMS Valves Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global TPMS Valves Market Size & Forecast, 2018-2028
4.5.1 TPMS Valves Market Size and Y-o-Y Growth
4.5.2 TPMS Valves Market Absolute $ Opportunity
Chapter 5 Global TPMS Valves Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 TPMS Valves Market Size Forecast by Type
5.2.1 OEM
5.2.2 Aftermarket
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global TPMS Valves Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 TPMS Valves Market Size Forecast by Applications
6.2.1 Passenger Cars
6.2.2 Commercial Vehicles
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global TPMS Valves Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 TPMS Valves Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America TPMS Valves Analysis and Forecast
9.1 Introduction
9.2 North America TPMS Valves Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America TPMS Valves Market Size Forecast by Type
9.6.1 OEM
9.6.2 Aftermarket
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America TPMS Valves Market Size Forecast by Applications
9.10.1 Passenger Cars
9.10.2 Commercial Vehicles
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe TPMS Valves Analysis and Forecast
10.1 Introduction
10.2 Europe TPMS Valves Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe TPMS Valves Market Size Forecast by Type
10.6.1 OEM
10.6.2 Aftermarket
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe TPMS Valves Market Size Forecast by Applications
10.10.1 Passenger Cars
10.10.2 Commercial Vehicles
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific TPMS Valves Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific TPMS Valves Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific TPMS Valves Market Size Forecast by Type
11.6.1 OEM
11.6.2 Aftermarket
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific TPMS Valves Market Size Forecast by Applications
11.10.1 Passenger Cars
11.10.2 Commercial Vehicles
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America TPMS Valves Analysis and Forecast
12.1 Introduction
12.2 Latin America TPMS Valves Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America TPMS Valves Market Size Forecast by Type
12.6.1 OEM
12.6.2 Aftermarket
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America TPMS Valves Market Size Forecast by Applications
12.10.1 Passenger Cars
12.10.2 Commercial Vehicles
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) TPMS Valves Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) TPMS Valves Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) TPMS Valves Market Size Forecast by Type
13.6.1 OEM
13.6.2 Aftermarket
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) TPMS Valves Market Size Forecast by Applications
13.10.1 Passenger Cars
13.10.2 Commercial Vehicles
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 TPMS Valves Market: Competitive Dashboard
14.2 Global TPMS Valves Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Alligator
14.3.2 Baolong Automotive
14.3.3 Hamaton
14.3.4 Schrader Pacific Advanced Valves
14.3.5 NSL-technology
14.3.6 Triton
14.3.7 Shen Shi Wei Ye
14.3.8 Liuhui Holding Group
14.3.9 Shandong Himile Valve
14.3.10 Alligator
