Tire Pressure Gauge
Market Size, Market Share, Application Analysis, Regional Outlook, Growth
Trends, Key Players, Competitive Strategies And Forecasts, 2017 To 2025
Tire Pressure Gauge
Market - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2017
- 2025, the The global market for Tire Pressure Gauge is expected to witness
significant growth globally with increasing sale of vehicles, number of vehicle
service centers and introduction of stringent regulations related to tire
pressure monitoring.
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The market for tire
pressure gauge is expected to witness significant growth with increasing
production of motor vehicles. In addition, introduction of stringent emission
and vehicle repair and maintenance regulations is also expected to support the
growth of tire pressure gauge market particularly in developed regions. In
emerging economies increasing vehicle fleet, expansion of automotive production
facilities and rising number of independent vehicle services stations and
workshops.
Countries across the
world are introducing stringent tire inflation regulations in order to reduce
greenhouse gas emission from vehicle operating with under operated tire
pressure. Several countries have made mandatory for gas/fuel stations to
provide free compressed air when you vehicle owner purchase gas/fuel. In
addition, Automotive Service Providers are required to check and inflate each
vehicle’s tires to the recommended tire pressure rating at the time of
performing any automotive maintenance or repair service. Such mandatory laws
are increasing the demand for tire pressure gauges across the world.
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Asia Pacific
represents the largest regional market for tire pressure gauge systems followed
by North America and Europe. Increasing sale of vehicle particularly in India,
China and Southeast Asia are expected to drive the demand for tire pressure
gauge devices in the country. China is the largest individual market for tire
pressure gauge device. Introduction of stringent regulations to install tire
pressure monitoring systems in high end vehicles is triggering the demand for
tire pressure gauge devices in North America and Europe. Increasing sale of
motor vehicles in Middle East, Latin America and major African countries also
expected to increase the demand for tire pressure gauge across the world.
Based on Type, the
global tire pressure gauge market is segmented into stick gauge, dial gauge and
digital gauge. Dial tire pressure gauge accounted for the largest revenue share
in 2016. This segment is expected to maintain its dominating position
throughout the forecast period. Dial tire pressure gauge are commonly used type
and increasingly used in major markets such as India, China and others. The
market for digital tire pressure gauge is predicted to see the fastest growth
though the forecast period. Digital gauge are easy to operate and offers most
accurate reading compared to other type of gauges.
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The global tire
pressure gauge market is very competitive and comprise of large number of small
and medium size domestic as well as multinational player. Some of the key
players in the global tire pressure gauge market include Coido, Accutire Gauge,
Michelin, STEEL MATE, Goodyear, G.H. Meiser & Co, Milton Industries,
Longacre Racing, TEKTON, NorthONE, Craftsman, Slime and others.
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