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Classified in: Transportation, Covid-19 virus
Subject: MRR

Commercial Vehicle Tire Pressure Management System Market to Grow by USD 207.23 Million in 2021-2025, AB SKF and Bendix Commercial Vehicle Systems LLC to Emerge as Key Contributors to Market Growth | Technavio


NEW YORK, July 23, 2021 /PRNewswire/ -- The Commercial Vehicle Tire Pressure Management System Market report has been added to Technavio's offering. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Our client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies.

The commercial vehicle tire pressure management system market is poised to grow by USD 207.23 million during 2021-2025, progressing at a CAGR of 6.77% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a Low impact on the commercial vehicle tire pressure management system market.
 
Frequently Asked Questions:

The OEMs segment is expected to be the leading segment based on end-user in the global market during the forecast period.

Rising accidents related to improperly inflated tires, leading to growing awareness about TPMS are some of the major trends in the market.

Growing at a CAGR of 6.77%, the incremental growth of the market is anticipated to be USD 207.23 million.

AB SKF, Bendix Commercial Vehicle Systems LLC, Continental AG, Dana Inc., Doran Manufacturing LLC, FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG, NXP Semiconductors NV, SENSATA TECHNOLOGIES HOLDING PLC, The Goodyear Tire & Rubber Company, and ZF Friedrichshafen AG are some of the major market participants.

Discount in insurance premium for adoption of vehicle safety system like TPMS is one of the major factors driving the market. However, the high cost associated with direct TPMS.restraints the market growth.

The North America region will contribute to 32% of market growth.

Related Reports on Consumer Discretionary Include:

Automotive Automatic Tire Inflation System (ATIS) Market by Application and Geography - Forecast and Analysis 2021-2025
Motorcycle Helmet Heads-up Display Market by End-user and Geography - Forecast and Analysis 

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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. AB SKF, Bendix Commercial Vehicle Systems LLC, Continental AG, Dana Inc., Doran Manufacturing LLC, FAHRZEUGWERK BERNARD KRONE GMBH & CO. KG, NXP Semiconductors NV, SENSATA TECHNOLOGIES HOLDING PLC, The Goodyear Tire & Rubber Company, and ZF Friedrichshafen AG are some of the major market participants.

The discount in insurance premium for adoption of vehicle safety system like TPMS will offer immense growth opportunities. In a bid to help players strengthen their market foothold, this commercial vehicle tire pressure management system market forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies. 

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Commercial Vehicle Tire Pressure Management System Market 2021-2025: Segmentation

Commercial Vehicle Tire Pressure Management System Market is segmented as below:

To learn more about the global trends impacting the future of market research, download a free sample:
https://www.technavio.com/talk-to-us?report=IRTNTR44586

Commercial Vehicle Tire Pressure Management System Market 2021-2025: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The commercial vehicle tire pressure management system market report covers the following areas:

This study identifies rising accidents related to improperly inflated tires, leading to growing awareness about TPMS as one of the prime reasons driving the commercial vehicle tire pressure management system market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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Commercial Vehicle Tire Pressure Management System Market 2021-2025: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by End-user

Market Segmentation by Vehicle type

Geographic Landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

Our growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report: https://www.technavio.com/talk-to-us?report=IRTNTR44586

 

SOURCE Technavio


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