Tire Pressure Monitoring System (TPMS) Market Analysis 2024-2032, Featuring Strategic Profiles of Key Players DENSO, Bosch, Hella, Continental, ZF Friedrichshafen & More [Yahoo! Finance]
DENSO CORP UNSP/ADR (DNZOY)
NASDAQ:AMEX Investor Relations:
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Source: Yahoo! Finance
and Forecast 2024-2032" report has been added to ResearchAndMarkets.com's offering. The tire pressure monitoring system market reached a value of USD 5.87 billion in 2023. Aided by the increasing demand for vehicle safety features and the growing applications of tire pressure monitoring system in various automotive segments, the market is projected to further grow at a CAGR of 9.4% between 2024 and 2032 to reach a value of USD 13.2 billion by 2032. The rising trend of regulatory mandates for tire pressure monitoring system installation in vehicles is propelling the demand for these systems. The expanding applications of tire pressure monitoring system in various automotive segments also play a significant role in propelling the market. In passenger cars, it is used to enhance safety and improve fuel efficiency by maintaining optimal tire pressure. In commercial vehicles, these systems help in reducing maintenance costs and improving operational efficiency by preventing tire blow
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