TPMS Valves Market was valued at USD 5.2 Billion in 2022 and is projected to reach USD 8.4 Billion by 2030, growing at a CAGR of 6.1% from 2024 to 2030.
The global TPMS (Tire Pressure Monitoring System) valves market was valued at approximately USD 1.2 billion in 2022. The market is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. This growth is driven by increasing vehicle production and stringent regulations concerning vehicle safety, which mandate the inclusion of TPMS. Additionally, advancements in TPMS technology and the rising adoption of electric vehicles (EVs), which require specialized TPMS components, are contributing to the expansion of this market. The demand for TPMS valves is anticipated to rise as more automotive manufacturers integrate these systems into their vehicles to enhance safety and performance.Emerging markets, particularly in Asia-Pacific, are presenting significant growth opportunities for TPMS valves. Rapid urbanization, improving automotive infrastructure, and rising disposable incomes are fueling the demand for new vehicles, thereby increasing the need for TPMS valves. Additionally, government initiatives and safety regulations in these regions are expected to drive market growth. The expanding automotive aftermarket and technological advancements in TPMS are also expected to create lucrative opportunities for market players. These factors combined indicate a robust growth trajectory for TPMS valves, particularly in developing economies where automotive sales are on the rise.
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Alligator
Baolong Automotive
Hamaton
Schrader Pacific Advanced Valves
NSL-technology
Triton
Shen Shi Wei Ye
Liuhui Holding Group
Shandong Himile Valve
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 TPMS Valves Market
Passenger Cars
Commercial Vehicles
Based on Types the Market is categorized into Below types that held the largest TPMS Valves market share In 2023.
OEM
Aftermarket
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)
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1. Introduction of the Global TPMS Valves 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 TPMS Valves Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global TPMS Valves Market, By Type
6. Global TPMS Valves Market, By Application
7. Global TPMS Valves Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global TPMS Valves Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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