Market Forecast By Types (Direct Tire Pressure Monitoring System, Indirect Tire Pressure Monitoring System), By Sales Channels (Original Equipment Manufacturers (OEMs), Aftermarkets), By Vehicle Types (Passenger Cars, Commercial Vehicles), By Key Countries (Germany, Italy, France, United Kingdom And Rest of Europe) And Competitive Landscape.
Product Code: ETC001566 | Publication Date: Jan 2020 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Europe Tire Pressure Monitoring System Market |
Forecast Period: | 2025-2031 |
CAGR: | 6.2% |
Growing Sector: | Passenger Cars |
Europe Tire Pressure Monitoring System Market report thoroughly covers the market by Types, Sales Channels, Vehicle Types, and Key Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Europe Tire Pressure Monitoring System Market is witnessing considerable growth, driven by increasing vehicle safety standards and rising automotive production. According to 6Wresearch, the Europe Tire Pressure Monitoring System Market is projected to grow at a CAGR of 6.2% from 2025-2031. The passenger cars segment is the fastest growing sector, spurred by the mandatory installation of tire pressure monitoring systems (TPMS) in new vehicles. Enhanced safety awareness and the demand for better fuel efficiency are further propelling the market. Moreover, advancements in TPMS technology, including the integration of smart features, are enhancing the market's appeal.
However, the market faces challenges such as the high cost of TPMS and issues related to system reliability and maintenance. Additionally, the lack of standardization across different countries poses a barrier to the market's seamless growth. Counterfeit products in the aftermarket segment also impact the market adversely.
Prominent players in the Europe Tire Pressure Monitoring System Market include Continental AG, Schrader International, and Huf Hülsbeck & Fürst GmbH & Co. KG. Continental AG is known for its advanced direct TPMS solutions. Schrader International offers a broad range of TPMS products catering to both OEMs and aftermarkets. Huf Hülsbeck & Fürst GmbH & Co. KG is a key player with innovative indirect TPMS solutions.
European governments have enacted several regulations to enhance vehicle safety, including mandatory TPMS installation in new vehicles. These policies aim to improve road safety and reduce accidents caused by tire issues. Furthermore, initiatives promoting the use of energy-efficient vehicles are indirectly boosting the demand for TPMS. Governments are also supporting research and development in automotive technologies, fostering innovation in TPMS features and applications.
The Europe Tire Pressure Monitoring System Market is anticipated to witness significant growth over the next five years. Market growth is expected to be driven by technological advancement like IoT in smart TPMS. Growing inclination towards energy-efficient automatic systems, coupled with increasing demand for smart and green appliances by concerned individuals is expected to influence the sales of eco-friendly models. In addition to this, the automotive industry will maintain high importance as more and more passenger cars and commercial vehicles incorporate premium TPMS varieties. Moreover, growth opportunities are significant within the residential segment as increasing preference for high-end vehicles among consumers would lift up demand. In brief, growth will be driven by innovation and sustainability-oriented focus in the market.
According to Ravi Bhandari, Research Head, 6Wresearch, direct TPMS is leading the market due to its high accuracy and reliability in monitoring tire pressure across various vehicle types.
OEMs are dominating the market as they are increasingly integrating TPMS in new vehicle models to comply with stringent safety regulations and enhance vehicle performance.
Passenger cars hold the largest market share due to the rising adoption of TPMS in this segment, driven by safety regulations and consumer demand for enhanced vehicle safety.
Germany leads the market with its robust automotive industry and the high adoption rate of advanced TPMS technologies across various vehicle segments.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Europe Tire Pressure Monitoring System Market Overview |
3.1 Europe Tire Pressure Monitoring System Market Revenues, 2021&2031F |
3.2 Europe Tire Pressure Monitoring System Market Revenue Share, By Types, 2021&2031F |
3.3 Europe Tire Pressure Monitoring System Market Revenue Share, By Sales Channels, 2021&2031F |
3.4 Europe Tire Pressure Monitoring System Market Revenue Share, By Vehicle Types, 2021&2031F |
3.5 Europe Tire Pressure Monitoring System Market Revenue Share, By Countries, 2021&2031F |
3.6 Europe Tire Pressure Monitoring System Market - Industry Life Cycle |
3.7 Europe Tire Pressure Monitoring System Market - Porter’s Five Forces |
4 Europe Tire Pressure Monitoring System Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Europe Tire Pressure Monitoring System Market Trends |
6 Europe Tire Pressure Monitoring System Market Overview, By Types |
6.1 Europe Direct Tire Pressure Monitoring System Market Revenues and Volume, 2021&2031F |
6.2 Europe Indirect Tire Pressure Monitoring System Market Revenues and Volume, 2021&2031F |
7 Europe Tire Pressure Monitoring System Market Overview, By Sales Channels |
7.1 Europe Tire Pressure Monitoring System Market Revenues and Volume, By OEMs, 2021&2031F |
7.2 Europe Tire Pressure Monitoring System Market Revenues and Volume, By Aftermarkets, 2021&2031F |
8 Europe Tire Pressure Monitoring System Market Overview, By Vehicle Types |
8.1 Europe Passenger Cars Tire Pressure Monitoring System Market Revenues and Volume, 2021&2031F |
8.2 Europe Commercial Vehicles Tire Pressure Monitoring System Market Revenues and Volume, 2021&2031F |
9 Germany Tire Pressure Monitoring System Market Overview |
9.1 Germany Tire Pressure Monitoring System Market Revenues and Volume, 2021&2031F |
9.2 Germany Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021&2031F |
9.3 Germany Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021&2031F |
9.4 Germany Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021&2031F |
10 Italy Tire Pressure Monitoring System Market Overview |
10.1 Italy Tire Pressure Monitoring System Market Revenues and Volume, 2021&2031F |
10.2 Italy Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021&2031F |
10.3 Italy Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021&2031F |
10.4 Italy Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021&2031F |
11 France Tire Pressure Monitoring System Market Overview |
11.1 France Tire Pressure Monitoring System Market Revenues and Volume, 2021&2031F |
11.2 France Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021&2031F |
11.3 France Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021&2031F |
11.4 France Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021&2031F |
12 United Kingdom Tire Pressure Monitoring System Market Overview |
12.1 United Kingdom Tire Pressure Monitoring System Market Revenues and Volume, 2021&2031F |
12.2 United Kingdom Tire Pressure Monitoring System Market Revenue and Volume, By Types, 2021&2031F |
12.3 United Kingdom Tire Pressure Monitoring System Market Revenue and Volume, By Sales Channels, 2021&2031F |
12.4 United Kingdom Tire Pressure Monitoring System Market Revenue and Volume, By Vehicle Types, 2021&2031F |
13 Rest of Europe Tire Pressure Monitoring System Market Overview |
13.1 Rest of Europe Tire Pressure Monitoring System Market Revenues and Volume & Volume, 2021&2031F |
14 Europe Tire Pressure Monitoring System Market Key Performance Indicators |
15 Europe Tire Pressure Monitoring System Market Opportunity Assessment |
15.1 Europe Tire Pressure Monitoring System Market Opportunity Assessment, By Types, 2021&2031F |
15.2 Europe Tire Pressure Monitoring System Market Opportunity Assessment, By Sales Channels, 2021&2031F |
15.3 Europe Tire Pressure Monitoring System Market Opportunity Assessment, By Vehicle Types, 2021&2031F |
16 Europe Tire Pressure Monitoring System Market Competitive Landscape |
16.1 Europe Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021&2031F |
16.1.1 Germany Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021&2031F |
16.1.2 Italy Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021&2031F |
16.1.3 France Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021&2031F |
16.1.4 United Kingdom Tire Pressure Monitoring System Market Revenue Share, By Companies, 2021&2031F |
16.2 Europe Tire Pressure Monitoring System Market Competitive Benchmarking, By Operating Parameters |
17 Company Profiles |
18 Key Strategic Recommendations |
19 Disclaimer |