Global Motorcycle Tire Pressure Management System (MTPMS) Market 2017-2021

Overview of the global motorcycle tire pressure management system (MTPMS) market

Technavio's market research report predicts that the global motorcycle tire pressure management system market will grow at an impressive CAGR of more than 29% during the forecast period. The increasing number of accidents across the globe due to tire failures result in a rise in demand for advanced safety systems such as TPMS in automobiles. The recent years witnessed a rapid growth in the awareness among the customers regarding the driving dynamics of motorcycles. Also, customers are also becoming increasingly aware of the consequences of underinflated tires on the stability and handling abilities of the motorcycle and on the increase in operational costs due to the need for quicker replacement. According to this market research report, this increasing awareness on safe riding dynamics will be one of the primary factors that will drive the growth of the motorcycle TPMS market in the coming years.

With the steady growth of the automotive sector, the developing countries around the world such as China, India, and Mexico are witnessing an increase in the demand for safety systems. Additionally, the continuous economic growth of the developing markets that enhances the financial status of consumers will also increase the expenditure of customers on safety features such as TPMS, anti-braking system (ABS), and electronic speed control (ESC). Due to the rise in demand for heavy weight or premium motorcycles, APAC will witness a rise in the sales of motorcycles in the next few years, which will in turn, augment the growth prospects of the motorcycle tire pressure monitor system market.

Competitive analysis and key vendors

The motorcycle TPMS is fragmented with the presence of several players operating as the official suppliers of the system to automobile manufacturers. Additionally, the market also consists of players that have already ventured into the aftermarket. In addition to R&D activities, several players are also focusing on the implementation of advanced technologies. This will intensify the level of competition among the market players. Furthermore, technological advances that will result in the entry of several new players, will also intensify the market's competitive environment.

Key vendors in the market are:

• Schrader International
• Salutica Bernad (FOBO)
• Orange Electronic
• Doran Manufacturing
• Garmin

Other prominent vendors include Steelmate, HawksHead Systems, LDL Technology, TireTraker? TPMS, CUB ELECPARTS, Tire-SafeGaurd (HCI), Inovex Industries, Sate Auto Electronic, ASPIRIT ENTERPRISE Precision Technology, and Bartec USA.

Segmentation by end-user and analysis of the MTPMS market

• Aftermarket
• OEM

During 2016, the aftermarket segment was the major end-user of the motorcycle TPMS market. However, due to factors such as the growth of the heavy premium motorcycles market in the developed and developing countries, the OEM segment will account for the major shares and dominate the motorcycle TPMS market by the end of the predicted period.

Geographical segmentation and analysis of the MTPMS market

• Americas
• APAC
• EMEA

In terms of geography, the Americas led the motorcycle TPMS market during 2016 and is expected to continue its dominance during the forecast period as well. The increasing adoption of heavy weight premium motorcycles in the region will be the major factor contributing to the growth of the market. Moreover, the introduction of stringent regulations regarding vehicular emissions by the governments of various countries in this region will also drive the growth of the market.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global motorcycle tire pressure management system market?
• What are the key market trends impacting the growth of the global motorcycle tire pressure management system market?
• What are the challenges to market growth?
• Who are the key vendors in the global motorcycle tire pressure management system market?
• What are the market opportunities and threats faced by the vendors in the global motorcycle tire pressure management system market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global motorcycle tire pressure management system market?

Technavio also offers customization on reports based on specific client requirement.

According to our market analysts, stringent fuel efficiency and safety regulations that mandate tire pressure to be maintained at an appropriate level influence the growth of the motorcycle tire pressure management system market. To deliver detailed insights on the global market landscape, our industry research experts recognize and analyze factors that play a significant role in the growth of the overall automotive industry. Also by reviewing the current market scenario of multiple sectors like automotive components, our analysts have acknowledged factors that will play a major role in the growth of the vendors in both the international and regional markets.

To ascertain the industry's growth prospects, research analysts at Technavio perform a combination of quantitative and qualitative research techniques and also consider factors such as the market size and the demand for various products across different geographical regions. By analyzing detailed information on various factors like the constantly changing consumer behavior and the products offered by prominent vendors across the globe, our upcoming market research report on the global motorcycle tire pressure management system market for the forecast period of 2017 to 2021 will help clients understand the constantly changing landscape for the food sector. Technavio also offers tailored research reports based on the specific necessities of the clients and support businesses to optimize their market position.

This upcoming industry research report on the global motorcycle tire pressure management system market also considers the growth of related markets such as locomotive front lighting system, which is expected to grow at a CAGR of around 2% by 2021. The upcoming industry research report for the global motorcycle tire pressure management system market also identifies the primary drivers, key trends, coupled with the major encounters currently experienced by the automotive sector. It also presents insights into the changing competitive landscape to give you a complete picture of the future direction of the automotive electronics industry.