Tyre Gauge Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 1.8 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
The Tyre Gauge Market is witnessing significant growth as an essential component in the automotive and transportation industries, primarily driven by the rising demand for vehicle safety and maintenance. A tyre gauge, often known as a tyre pressure gauge, is a tool used to measure the air pressure inside a tyre. Maintaining optimal tyre pressure ensures the safety, efficiency, and longevity of tyres, which in turn contributes to vehicle performance and fuel economy. The tyre gauge market is categorized by various applications, including passenger vehicles, commercial vehicles, and industrial applications. The market continues to evolve, with advancements in digital and smart tyre gauges that provide more precise readings and are integrated with vehicle monitoring systems. Increasing awareness regarding vehicle maintenance, coupled with technological innovations in tyre gauges, is expected to drive the market's growth in the coming years.
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The Tyre Gauge Market by Application is divided into key segments that cater to specific vehicle types, with passenger vehicles and commercial vehicles being the primary sectors driving the demand. The rising consumer preference for safety features and the growing automotive industry, particularly in emerging economies, have significantly contributed to the demand for tyre gauges. The passenger vehicles subsegment is largely driven by the increasing consumer awareness of road safety and fuel efficiency, where tyre pressure plays a crucial role. Consumers today are more conscious of vehicle maintenance, including tyre pressure, as it directly impacts driving performance, safety, and cost efficiency. Additionally, government regulations requiring regular vehicle inspections and tyre pressure checks are also boosting the market for tyre gauges in the passenger vehicle sector.The commercial vehicle subsegment is another key contributor to the tyre gauge market. Commercial vehicles, such as trucks, buses, and heavy-duty vehicles, typically operate under high-stress conditions, which put significant pressure on their tyres. Maintaining optimal tyre pressure is critical to ensuring the operational efficiency, safety, and fuel efficiency of these vehicles. In addition to improving safety and reducing the risk of tyre blowouts, proper tyre maintenance helps businesses lower operating costs by reducing fuel consumption and extending the lifespan of tyres. With the growing need for fleet management and logistics companies to optimize their operational performance, the demand for tyre gauges in the commercial vehicle sector is expected to continue its upward trajectory.Key Trends in the Tyre Gauge MarketSeveral trends are shaping the tyre gauge market, with the shift towards digital and automated technologies being a major highlight. Traditional manual gauges are gradually being replaced by digital and smart tyre gauges that offer more accurate readings and enhanced user convenience. These devices often come with features such as Bluetooth connectivity, enabling vehicle owners and fleet managers to monitor tyre pressure remotely. This digital transformation is driven by the demand for real-time data and the growing adoption of Internet of Things (IoT) technologies in the automotive industry. Furthermore, smart tyre gauges that integrate with vehicle telematics systems are becoming increasingly popular, providing a comprehensive solution for maintaining vehicle performance and safety.Another significant trend is the growing awareness of the environmental and economic benefits of proper tyre maintenance. By ensuring that tyres are inflated to the correct pressure, vehicles consume less fuel and produce fewer emissions, contributing to both cost savings and a smaller carbon footprint. As sustainability becomes an increasingly important focus for both consumers and businesses, tyre pressure monitoring is gaining traction as a simple yet effective way to achieve these goals. In addition, advancements in tyre materials and designs are also contributing to the market, as manufacturers develop tyres that are more durable and better equipped to handle varying pressure conditions. These trends are set to shape the tyre gauge market's future, with an emphasis on precision, efficiency, and sustainability.Opportunities in the Tyre Gauge MarketThe Tyre Gauge Market presents numerous opportunities for growth, particularly with the expansion of electric vehicles (EVs) and autonomous vehicles. As the adoption of EVs increases, the need for effective tyre maintenance tools will rise, as maintaining tyre pressure is essential for optimizing the range and performance of electric vehicles. Additionally, the rise of autonomous vehicles presents an opportunity for tyre gauge manufacturers to develop integrated solutions that provide real-time tyre data to vehicle systems, ensuring that tyres are always in optimal condition. With autonomous vehicles, predictive maintenance is crucial, and tyre gauges that can monitor pressure and detect issues before they lead to costly repairs or safety hazards will become increasingly valuable.There is also a growing opportunity in the commercial fleet sector. Fleet operators are increasingly looking for solutions that can help them reduce operating costs and improve vehicle uptime. Tyre gauge systems that can monitor tyre pressure remotely and provide real-time data for fleet managers are highly sought after. As businesses strive to enhance operational efficiency and reduce maintenance costs, the demand for advanced tyre gauges and monitoring systems will continue to grow. Moreover, emerging markets, particularly in Asia-Pacific and Latin America, present untapped potential for tyre gauge manufacturers as vehicle ownership rises, and the demand for reliable maintenance tools increases.
FAQ 1: What is a tyre gauge used for?
A tyre gauge is used to measure the air pressure inside a vehicle's tyre, ensuring it is at the correct level for optimal performance and safety.
FAQ 2: How often should tyre pressure be checked?
Tyre pressure should be checked at least once a month and before long trips to ensure safety and optimal fuel efficiency.
FAQ 3: Can incorrect tyre pressure affect fuel efficiency?
Yes, under-inflated or over-inflated tyres can reduce fuel efficiency and increase fuel consumption.
FAQ 4: Are digital tyre gauges more accurate than manual ones?
Yes, digital tyre gauges tend to provide more precise and consistent readings compared to manual gauges.
FAQ 5: Can tyre gauges be used on all types of vehicles?
Yes, tyre gauges can be used on a variety of vehicles, including passenger cars, trucks, buses, and motorcycles.
FAQ 6: What is the difference between a manual and a digital tyre gauge?
A manual tyre gauge requires physical readings, while a digital gauge provides a digital display for easier and more accurate measurement.
FAQ 7: How can I maintain my tyre gauge?
To maintain a tyre gauge, ensure it is kept clean, store it in a dry place, and periodically check its calibration.
FAQ 8: Do tyre gauges need calibration?
Yes, tyre gauges may need periodic calibration to ensure accuracy, especially after extensive use.
FAQ 9: Can a tyre gauge prevent tyre blowouts?
While a tyre gauge cannot prevent blowouts, it helps monitor tyre pressure to reduce the risk of tyre damage.
FAQ 10: Are tyre gauges available with Bluetooth connectivity?
Yes, many modern tyre gauges are equipped with Bluetooth technology, allowing users to monitor tyre pressure through mobile apps or vehicle systems.```
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G.H. Meiser
Goodyear
Michelin
STEEL MATE
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Tyre Gauge Market
Passenger Vehicles
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest Tyre Gauge market share In 2023.
Stick Type
Dial Type
Digital Type
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
1. Introduction of the Global Tyre Gauge Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Tyre Gauge Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Tyre Gauge Market, By Type
6. Global Tyre Gauge Market, By Application
7. Global Tyre Gauge Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Tyre Gauge Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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