The global TPMS demand will hit 54.77 million sets in 2017, with the average annual growth rate of 16.83% and the assembly rate of over 50%.
Dallas, TX (PRWEB) October 20, 2014
Following the United States that enforced TPMS installation laws and regulations on September 1, 2007, the EU and South Korea have also introduced similar legislations to accelerate the development of TPMS market. In 2013, the global demand for TPMS reached 29.39 million sets, with the assembly rate of up to 33.67%. With the growing prevalence of TPMS products in the EU and other regions, the global TPMS demand will hit 54.77 million sets in 2017, with the average annual growth rate of 16.83% and the assembly rate of over 50%.
China’s recommended technical standards for TPMS came into effect on July 1, 2011 formally, but mandatory installation regulations have not been enforced. In recent years, the practical demonstration in western countries, the propaganda of manufacturers concerned and the intensified awareness of some consumers stimulated more attention to TPMS and higher market demand. The demand for OEM TPMS jumped 32.8% year on year to 2.47 million sets in 2013, with the assembly rate of 11.18% which was 1.53 percentage points higher than the figure in 2012.
At present, Chinese TPMS is mainly installed in medium and upscale passenger cars, including all models of BMW and Audi as well as more than 80% of the models of Mercedes-Benz and Volkswagen. With the future development of the market, the assembly rate and demand will gradually increase, reaching over 20% and more than 6 million sets in 2017.
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Major global TPMS suppliers include Schrader, Continental, TRW, Beru, Lear, Pacific Industrial and Hitachi Automotive Systems, especially Lear and Pacific Industrial have set up TPMS production bases in China. In July 2014, Pacific Industrial invested RMB180 million in establishing a subsidiary -- Pacific Auto Parts Technology (Changshu) Co., Ltd. to produce TPMS. The production is expected to be attained in April 2016.
In China, local enterprises such as Kysonix, Baolong, Topsystm, Top Sun, Hangsheng, Steelmate, Autotech and Sate Auto play leading roles. Kysonix introduces technology from LIONAX INC. and TYRESONIC INC. in the United States, with the annual capacity of 100,000 sets. Baolong can produce 60,000 TPMS transmitters and 40,000 sets of TPMS system annually, primarily serving Tesla Motors and Dongfeng Nissan.
The report highlights the following:
- Global TPMS market size and forecast, as well as market share and supplying of major companies;
- The development and market size of the TPMS industry in the United States, Japan, South Korea and the European Union;
- Status quo of technology and approved industrial standards in China TPMS industry;
- Chinese TPMS market size and assembly;
- Forecast for China TPMS industry, including market size and products;
- Development of TPMS manufacturers at home and abroad, embracing product lines, capacity, technology sources, supply, operation, etc.;
- Development of three international TPMS chip suppliers, covering operation, major solutions and so forth.
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Major Points from Table of Contents
4 Key Foreign Companies
4.7 Pacific Industrial
4.10 Hitachi Automotive Systems
5 Key Chinese Companies
5.1 Kysonix Inc.
5.2 Shanghai Baolong Automotive Corporation
5.3 Shenzhen Hangsheng Electronics Co., Ltd
5.4 Steelmate Co.,Ltd.
5.5 Shanghai Topsystm Electronic Technology Co.,Ltd.
5.6 Shenzhen Autotech Co., Ltd.
5.7 Sate Auto Electronic Co., Ltd
5.8 Dongguan Nannar Electronics Technology Co., Ltd.
5.9 Nanjing Top Sun Technology Co., Ltd
5.10 Mobiletron Electronics (Ningbo) Co., Ltd.
5.11 Cixi Fu'erda Industrial Co., Ltd.
5.12 China Auto Electronics Group Limited
5.13 Huizhou Foryou General Electronics Co.,Ltd.
5.14 KaDyTons (Xiamen) Electronic Technology CO.,Ltd.
5.15 Yangzhou Kooan Electronic Technology Co., Ltd.
5.16 Wellgain Auto Technology Co.,Ltd.
5.17 VICTON Electronic Technology Co., Ltd.
5.18 Century Hongking Auto Technology Co., Ltd.
5.19 Jiangsu Yunyi Electric Co.,Ltd
5.20 Dongguan Tipi Electronics Technology Co., Ltd.
List of Charts
Relationship between Tire Pressure & Fuel Consumption
Laws and Regulations on the Enforced Installation of TPMS in Major Countries Worldwide
Development Course of TPMS in the World
Global OEM TPMS Market Size and Assembly Rate, 2008-2017E
Global OEM TPMS Demand Distribution, 2014 vs 2017E
Market Share of Major TPMS Enterprises in the World, 2013
Relationship between Major TPMS Producers and Automobile Manufacturers in the World
OEM TPMS Market Size of the United States, 2008-2017E
OEM TPMS Market Size of European Union, 2008-2017E
OEM TPMS Market Size of Japan, 2008-2017E
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