Market Overview:
The global wheel force transducer market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automobiles and motorcycles across the globe. Additionally, factors such as rising disposable income and technological advancements are also contributing to the growth of this market. The global wheel force transducer market is segmented on the basis of type, application, and region. On the basis of type, it is divided into aluminum, titanium, and stainless steel segments. The aluminum segment dominates this market owing to its low cost as compared to other types of materials used in manufacturing wheel force transducers. On the basis of application, it is classified into automobile and motorcycle segments.
Product Definition:
Wheel force transducer is a device which is used to measure the amount of force that is being applied on the wheel. It helps in determining various factors such as braking, acceleration and cornering forces. The information collected by the wheel force transducer can be used to improve the car's handling and performance.
Aluminum:
Aluminum is a metal, its main properties are high strength and lightweight. It has the highest specific weight among all metals; for every gram of aluminum, it can support up to 1.7 grams of weight in air (1.3 times its own weight). Aluminum has around 30% less density than steel; this property makes it easy to design lightweight vehicles with strong frames and bodies using small diameter tubes like those found in carbon fiber or plastic composites.
Titanium:
Titanium is a metal that has high resistance to corrosion and is also very lightweight. It has the highest strength-to-weight ratio of any metal, even after being converted into steel. Titanium dioxide (TiO2) is used as an ingredient in wheel force transducers since it provides good adhesion between the sensor and material, along with providing a low coefficient of friction between the tire and road surface.
The global titanium market size was valued at USD 2.
Application Insights:
Automobile application segment accounted for the largest share of over 50.0% in 2017 and is expected to continue its dominance over the forecast period. The growing need for vehicle safety, coupled with rising road accidents due to under-inflation or over-inflation of tires has led to an increased demand for WHFTs in automobiles.
The use of force sensors in automobiles enables constant monitoring of tire inflation levels and wheel speed, which provides critical information about driving dynamics that can be used by various automotive OEMs (original equipment manufacturers)for improving overall vehicle safety as well as performance characteristics. Furthermore, increasing government regulations regarding reduction in vehicular emissions along with growing concerns regarding global warming are anticipated to further drive the product demand from automobile applications during the forecast period.
Regional Analysis:
North America dominated the global wheel force transducer market in terms of revenue share in 2017. The region is expected to maintain its position during the forecast period. Increasing demand for automobiles and rising incidence of road accidents are some factors contributing to regional growth. In addition, stringent government regulations regarding vehicle safety and performance are also driving industry growth.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to increasing industrialization, coupled with rapid urbanization and growing population across countries such as India, China, Japan etc., has led to an increase in construction activities which will further drive product demand over next eight years from 2018 till 2030 timeframe.
Growth Factors:
- Increasing demand for electric vehicles
- Growing automotive industry
- Rising adoption of advanced technologies in wheel force transducers
- Proliferation of internet of things (IoT) and connected vehicles
- Growing demand for lightweight and fuel-efficient vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Wheel Force Transducer Market Research Report
By Type
Aluminum, Titanium, Stainless
By Application
Automobile, Motorcycle
By Companies
PCB Piezotronics, Michsci, Imc Test & Measurement GmbH(CAEMAX Technologie GmbH), Kistler, A&D Technology, Tokyo Measuring Instruments, Kyowa, Sushma Industries, PM Instrumentation, AIM Arnold Intelligente Messsysteme GmbH & Co. KG
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
207
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Wheel Force Transducer Market Report Segments:
The global Wheel Force Transducer market is segmented on the basis of:
Types
Aluminum, Titanium, Stainless
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
Automobile, Motorcycle
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:
- PCB Piezotronics
- Michsci
- Imc Test & Measurement GmbH(CAEMAX Technologie GmbH)
- Kistler
- A&D Technology
- Tokyo Measuring Instruments
- Kyowa
- Sushma Industries
- PM Instrumentation
- AIM Arnold Intelligente Messsysteme GmbH & Co. KG
Highlights of The Wheel Force Transducer 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:
- Aluminum
- Titanium
- Stainless
- By Application:
- Automobile
- Motorcycle
- 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 Wheel Force Transducer 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
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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?
A Wheel Force Transducer is a device that measures the force exerted on a wheel by the ground. This information can be used to calculate various aspects of vehicle performance, such as cornering and braking forces.
Some of the key players operating in the wheel force transducer market are PCB Piezotronics, Michsci, Imc Test & Measurement GmbH(CAEMAX Technologie GmbH), Kistler, A&D Technology, Tokyo Measuring Instruments, Kyowa, Sushma Industries, PM Instrumentation, AIM Arnold Intelligente Messsysteme GmbH & Co. KG.
The wheel force transducer market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wheel Force Transducer 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 Wheel Force Transducer Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Wheel Force Transducer 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 Wheel Force Transducer 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 Wheel Force Transducer Market Size & Forecast, 2020-2028 4.5.1 Wheel Force Transducer Market Size and Y-o-Y Growth 4.5.2 Wheel Force Transducer Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Aluminum
5.2.2 Titanium
5.2.3 Stainless
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Automobile
6.2.2 Motorcycle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wheel Force Transducer 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 Wheel Force Transducer 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Aluminum
9.6.2 Titanium
9.6.3 Stainless
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 Market Size Forecast by Applications
9.10.1 Automobile
9.10.2 Motorcycle
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Aluminum
10.6.2 Titanium
10.6.3 Stainless
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 Market Size Forecast by Applications
10.10.1 Automobile
10.10.2 Motorcycle
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Aluminum
11.6.2 Titanium
11.6.3 Stainless
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 Market Size Forecast by Applications
11.10.1 Automobile
11.10.2 Motorcycle
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Aluminum
12.6.2 Titanium
12.6.3 Stainless
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 Market Size Forecast by Applications
12.10.1 Automobile
12.10.2 Motorcycle
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Aluminum
13.6.2 Titanium
13.6.3 Stainless
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) Market Size Forecast by Applications
13.10.1 Automobile
13.10.2 Motorcycle
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 Wheel Force Transducer Market: Competitive Dashboard
14.2 Global Wheel Force Transducer Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PCB Piezotronics
14.3.2 Michsci
14.3.3 Imc Test & Measurement GmbH(CAEMAX Technologie GmbH)
14.3.4 Kistler
14.3.5 A&D Technology
14.3.6 Tokyo Measuring Instruments
14.3.7 Kyowa
14.3.8 Sushma Industries
14.3.9 PM Instrumentation
14.3.10 AIM Arnold Intelligente Messsysteme GmbH & Co. KG