Market Overview:
The global tire pressure gauge 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 passenger vehicles and commercial vehicles, and rising awareness about vehicle safety. The global tire pressure gauge market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into stick type, dial type, and digital type. The stick type segment dominates the global tire pressure gauge market owing to its low cost and easy portability. However, with technological advancements in digital gauges such as Bluetooth-enabled gauges that can transmit data wirelessly to a smartphone or other device for analysis or storage purposes are gaining popularity among consumers owing to their accuracy and ease of use. On the basis of application,the market is divided into passenger vehiclesand commercial vehicles segments.Commercialvehicles areexpectedtogrowat amore rapid rateduringthe forecastperioddue tobusinesses becoming more environmentally consciousand there being an increase in regulations mandating proper tyre inflation levelsfor these typesof vehiclesto reducetirewearand tear .
Product Definition:
A tire pressure gauge is a device used to measure the air pressure inside a tire. The importance of having proper tire pressure is that it can affect the handling, fuel economy and life of the tires.
Stick Type:
Stick type is a pressure-sensitive adhesive material, which can be used in various applications. It is manufactured using thermoplastic polymers and natural rubber. The product finds application in the manufacture of pressure sensitive labels, tapes & labels, traffic signboards and electronic displays among others. Pressure-sensitive adhesives are widely used for labeling & printing purposes by several end users such as packaging companies, printers & graphics designers among others.
Dial Type:
The dial type tire pressure gauge is a simple device used to measure the tire pressure. It consists of a dial with two hands connected by an airtight seal, which allows the user to read the pressure in PSI (Pounds per Square Inch). The two hands on the dial can be separated by an indicator that displays either "Low" or "High" as per user preference.
Application Insights:
Passenger vehicles segment held the largest share of over 60.0% in 2017. Rising purchasing power and rapid urbanization in developing countries including China, India, Brazil has resulted in increased sales of passenger tires which is expected to boost the use of TPG for monitoring tire pressure.
Commercial Vehicles are projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising demand for trucks and buses by companies offering various transport services such as door-to-door transportation, intercity bus service etc. For instance; Blue Bird Corporation provides commercial vehicle rental services across the U.S while Penske Logistics, Inc provides door-to-door logistics services across Europe using Mercedes Benz vans among other makes of commercial vehicles equipped with Tire Pressure Monitoring System (TPMS).
Regional Analysis:
Asia Pacific dominated the global market in terms of revenue with a share of over 40.0% in 2017. This is attributed to increasing sales of passenger and commercial vehicles across countries such as China, India, Japan, and South Korea. The growing automotive industry coupled with increased government spending on infrastructure development is expected to drive the regional market further. For instance, according to OICA (Organization Internationale des Constructeurs d'Automobiles), Asia Pacific held 29% share in automobile production in 2016 which was higher than North America's 22%.
Europe holds a significant position in the global tire pressure gauge industry owing to high demand for advanced safety features such as anti-flat tires and electronic stability programs (ESP) among others within its vehicle fleet owners’ clubs. Moreover, stringent government regulations regarding fuel economy along with CO2 emissions are anticipated to boost product demand across this region during the forecast period from 2018 to 2030 (Ref: ISO 6DISC).
Growth Factors:
- Increasing demand for passenger cars and commercial vehicles
- Rising awareness about the benefits of tire pressure gauges
- Technological advancements in tire pressure gauges
- Growing popularity of eco-friendly and fuel-efficient vehicles
- Government initiatives to promote the use of tire pressure gauges
Scope Of The Report
Report Attributes
Report Details
Report Title
Tire Pressure Gauge Market Research Report
By Type
Stick Type, Dial Type, Digital Type
By Application
Passenger Vehicles, Commercial Vehicles
By Companies
Goodyear, Michelin, STEEL MATE, G.H. Meiser
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Tire Pressure Gauge Market Report Segments:
The global Tire Pressure Gauge market is segmented on the basis of:
Types
Stick Type, Dial Type, Digital Type
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 Vehicles, 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:
- Goodyear
- Michelin
- STEEL MATE
- G.H. Meiser
Highlights of The Tire Pressure Gauge 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:
- Stick Type
- Dial Type
- Digital Type
- By Application:
- Passenger Vehicles
- 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 Tire Pressure Gauge 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
- Business Expansion Strategies
- 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?
A tire pressure gauge is a device used to measure the air pressure in tires. It consists of a dial or digital readout, and a tube or hose that connects it to the tire. When you drive, the air inside your tires pushes against the ground. The more force there is against the ground, the higher your car's speed will be. The faster you're going, the more stress your tires are under and they can eventually wear out faster if they're not inflated properly
Some of the key players operating in the tire pressure gauge market are Goodyear, Michelin, STEEL MATE, G.H. Meiser.
The tire pressure gauge market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Tire Pressure Gauge Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Tire Pressure Gauge Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Tire Pressure Gauge Market - Supply Chain
4.5. Global Tire Pressure Gauge Market Forecast
4.5.1. Tire Pressure Gauge Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Tire Pressure Gauge Market Size (000 Units) and Y-o-Y Growth
4.5.3. Tire Pressure Gauge Market Absolute $ Opportunity
5. Global Tire Pressure Gauge Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Tire Pressure Gauge Market Size and Volume Forecast by Type
5.3.1. Stick Type
5.3.2. Dial Type
5.3.3. Digital Type
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Tire Pressure Gauge Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Tire Pressure Gauge Market Size and Volume Forecast by Application
6.3.1. Passenger Vehicles
6.3.2. Commercial Vehicles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Tire Pressure Gauge Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Tire Pressure Gauge Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Tire Pressure Gauge Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Tire Pressure Gauge Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Tire Pressure Gauge Demand Share Forecast, 2019-2026
9. North America Tire Pressure Gauge Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Tire Pressure Gauge Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Tire Pressure Gauge Market Size and Volume Forecast by Application
9.4.1. Passenger Vehicles
9.4.2. Commercial Vehicles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Tire Pressure Gauge Market Size and Volume Forecast by Type
9.7.1. Stick Type
9.7.2. Dial Type
9.7.3. Digital Type
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Tire Pressure Gauge Demand Share Forecast, 2019-2026
10. Latin America Tire Pressure Gauge Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Tire Pressure Gauge Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Tire Pressure Gauge Market Size and Volume Forecast by Application
10.4.1. Passenger Vehicles
10.4.2. Commercial Vehicles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Tire Pressure Gauge Market Size and Volume Forecast by Type
10.7.1. Stick Type
10.7.2. Dial Type
10.7.3. Digital Type
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Tire Pressure Gauge Demand Share Forecast, 2019-2026
11. Europe Tire Pressure Gauge Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Tire Pressure Gauge Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Tire Pressure Gauge Market Size and Volume Forecast by Application
11.4.1. Passenger Vehicles
11.4.2. Commercial Vehicles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Tire Pressure Gauge Market Size and Volume Forecast by Type
11.7.1. Stick Type
11.7.2. Dial Type
11.7.3. Digital Type
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Tye
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Tire Pressure Gauge Demand Share, 2019-2026
12. Asia Pacific Tire Pressure Gauge Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Tire Pressure Gauge Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Tire Pressure Gauge Market Size and Volume Forecast by Application
12.4.1. Passenger Vehicles
12.4.2. Commercial Vehicles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Tire Pressure Gauge Market Size and Volume Forecast by Type
12.7.1. Stick Type
12.7.2. Dial Type
12.7.3. Digital Type
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Tire Pressure Gauge Demand Share, 2019-2026
13. Middle East & Africa Tire Pressure Gauge Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Tire Pressure Gauge Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Tire Pressure Gauge Market Size and Volume Forecast by Application
13.4.1. Passenger Vehicles
13.4.2. Commercial Vehicles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Tire Pressure Gauge Market Size and Volume Forecast by Type
13.7.1. Stick Type
13.7.2. Dial Type
13.7.3. Digital Type
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Tire Pressure Gauge Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Tire Pressure Gauge Market: Market Share Analysis
14.2. Tire Pressure Gauge Distributors and Customers
14.3. Tire Pressure Gauge Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Goodyear
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Michelin
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. STEEL MATE
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. G.H. Meiser
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
