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North America Commercial Vehicle TPMS Market

North America Commercial Vehicle TPMS Market Size, Share: By Type: Direct TPMS, Indirect TPMS; By Sales Channel: OEM, Aftermarket; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032

North America Commercial Vehicle TPMS Market Outlook

The North America commercial vehicle TPMS market size was valued at USD 1.37 billion in 2023. The market is further projected to grow at a CAGR of 5.5% between 2024 and 2032, reaching a value of USD 2.23 billion by 2032.

 

Key Takeaways 

  • The commercial vehicle sales in the United States and Canada reached 11.4 million and 1.3 million units, respectively in 2022.
  • The United States hold a market share of around 28% in the global TPMS OEM market.
  • The United States mandated the use of TPMS in all its vehicles from 2007, making TPMS an indispensable part of the regional automotive industry.

 

Tire pressure sensors play a critical role in automobile production, with tire pressure monitoring systems (TPMS) being implemented across all vehicle types in the United States to enhance safety and address environmental concerns. Additionally, there is a growing demand for these systems as a means to track tire performance, which contributes to better mileage and, consequently, a more favourable Total Cost of Ownership (TCO).  All such factors are contributing to the North America commercial vehicle TPMS market.

 

Strong demand for direct TPMS solutions

A direct Tire Pressure Monitoring System (TPMS) operates with sensors on each tire, accurately measuring pressure levels directly. Unlike indirect systems that estimate pressure through the anti-lock braking system, direct TPMS sensors within the wheel detect tire pressure and wirelessly transmit this data to the vehicle's control system. Although both indirect and direct TPMS comply with current safety standards and essentially offer similar protective measures, direct TPMS delivers a significantly enhanced experience for the user. It allows drivers to continuously monitor the precise pressure and temperature of each tire. Unlike indirect systems, direct TPMS can pinpoint exactly which tires are underinflated. Moreover, direct TPMS remains operational even when the vehicle is stationary, a feature some vehicles today exploit to aid drivers in adjusting tire pressure to the optimal level.

 

North America Commercial Vehicle TPMS Market

Market Segmentation

North America Commercial Vehicle TPMS Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.

 

Market Breakup by Type

  • Direct TPMS
  • Indirect TPMS

 

Market Breakup by Sales Channel

  • OEM
  • Aftermarket

 

Market Breakup by Country

  • United States of America
  • Canada

 

Competitive Landscape

The growing awareness and demand for safety of vehicles and passengers is creating a demand for the market.

 

  • Bartec USA LLC
  • Hamaton Inc
  • Sensata Technologies
  • Denso Corporation
  • Delphi Powertrain Systems Operations Luxembourg S. à r.l.
  • WEGMANN automotive GmbH
  • Bendix Commercial Vehicle Systems LLC
  • Dill Air Controls Products
  • RV Safety Accessories Inc.
  • Others

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Sales Channel
  • Region
Breakup by Type
  • Direct TPMS
  • Indirect TPMS
Breakup by Sales Channel
  • OEM
  • Aftermarket
Breakup by Region
  • United States of America
  • Canada
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Hamaton Inc
  • Sensata Technologies    
  • Denso Corporation
  • Delphi Powertrain Systems Operations Luxembourg S. à r.l.
  • WEGMANN automotive GmbH
  • Bendix Commercial Vehicle Systems LLC
  • Dill Air Controls Products
  • RV Safety Accessories Inc.
  • Others

 

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.

1    Preface  
2    Report Coverage  – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers    
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market  Snapshot
7    Opportunities and Challenges in the Market
8    Global Commercial Vehicle TPMS Market Overview

    8.1    Key Industry Highlights
    8.2    Global Commercial Vehicle TPMS Historical Market (2018-2023) 
    8.3    Global Commercial Vehicle TPMS Market Forecast (2024-2032)
    8.4    Global Commercial Vehicle TPMS Market Share by Region
        8.4.1    North America
        8.4.2    Europe
        8.4.3    Asia Pacific
        8.4.4    Latin America
        8.4.5    Middle  East and Africa
9    North America Commercial Vehicle TPMS Market Overview
    9.1    Key Industry Highlights
    9.2    North America Commercial Vehicle TPMS Historical Market (2018-2023) 
    9.3    North America Commercial Vehicle TPMS Market Forecast (2024-2032)
10    North America Commercial Vehicle TPMS Market by Type
    10.1    Direct TPMS
        10.1.1    Historical Trend (2018-2023)
        10.1.2    Forecast Trend (2024-2032)
    10.2    Indirect TPMS
        10.2.1    Historical Trend (2018-2023)
        10.2.2    Forecast Trend (2024-2032) 
11    North America Commercial Vehicle TPMS Market by Sales Channel
    11.1    OEM
        11.1.1    Historical Trend (2018-2023)
        11.1.2    Forecast Trend (2024-2032)
    11.2    Aftermarket
        11.2.1    Historical Trend (2018-2023)
        11.2.2    Forecast Trend (2024-2032)
12    North America Commercial Vehicle TPMS Market by Country
    12.1    United States of America
        12.1.1    Historical Trend (2018-2023)
        12.1.2    Forecast Trend (2024-2032)
    12.2    Canada
        12.2.1    Historical Trend (2018-2023)
        12.2.2    Forecast Trend (2024-2032)
13    Market Dynamics
    13.1    SWOT Analysis
        13.1.1    Strengths
        13.1.2    Weaknesses
        13.1.3    Opportunities
        13.1.4    Threats
    13.2    Porter’s Five Forces Analysis
        13.2.1    Supplier’s Power
        13.2.2    Buyer’s Power
        13.2.3    Threat of New Entrants
        13.2.4    Degree of Rivalry
        13.2.5    Threat of Substitutes
    13.3    Key Indicators for Demand
    13.4    key indicators for Price
14    Competitive Landscape
    14.1    Market Structure
    14.2    Company Profiles
        14.2.1    Bartec USA LLC 
            14.2.1.1    Company Overview
            14.2.1.2    Product Portfolio
            14.2.1.3    Demographic Reach and Achievements
            14.2.1.4    Certifications
        14.2.2    Hamaton Inc
            14.2.2.1    Company Overview
            14.2.2.2    Product Portfolio
            14.2.2.3    Demographic Reach and Achievements
            14.2.2.4    Certifications
        14.2.3    Sensata Technologies            
            14.2.3.1    Company Overview
            14.2.3.2    Product Portfolio
            14.2.3.3    Demographic Reach and Achievements
            14.2.3.4    Certifications
        14.2.4    Denso Corporation        
            14.2.4.1    Company Overview
            14.2.4.2    Product Portfolio
            14.2.4.3    Demographic Reach and Achievements
            14.2.4.4    Certifications
        14.2.5    Delphi Powertrain Systems Operations Luxembourg S. à r.l.            
            14.2.5.1    Company Overview
            14.2.5.2    Product Portfolio
            14.2.5.3    Demographic Reach and Achievements
            14.2.5.4    Certifications
        14.2.6    WEGMANN automotive GmbH                
            14.2.6.1    Company Overview
            14.2.6.2    Product Portfolio
            14.2.6.3    Demographic Reach and Achievements
            14.2.6.4    Certifications
        14.2.7    Bendix Commercial Vehicle Systems LLC                
            14.2.7.1    Company Overview
            14.2.7.2    Product Portfolio
            14.2.7.3    Demographic Reach and Achievements
            14.2.7.4    Certifications
        14.2.8    Dill Air Controls Products            
            14.2.8.1    Company Overview
            14.2.8.2    Product Portfolio
            14.2.8.3    Demographic Reach and Achievements
            14.2.8.4    Certifications
        14.2.9    RV Safety Accessories Inc.            
            14.2.9.1    Company Overview
            14.2.9.2    Product Portfolio
            14.2.9.3    Demographic Reach and Achievements
            14.2.9.4    Certifications
        14.2.10    Others  
15    Key Trends and  Developments in the Market 

 

List of Key Figures and Tables  


1.    Global Commercial Vehicle TPMS Market: Key Industry Highlights, 2018 and 2032
2.    North America Commercial Vehicle TPMS Market: Key Industry Highlights, 2018 and 2032
3.    North America Commercial Vehicle TPMS Historical Market: Breakup by Type (USD Billion), 2018-2023
4.    North America Commercial Vehicle TPMS Market Forecast: Breakup by Type (USD Billion), 2024-2032
5.    North America Commercial Vehicle TPMS Historical Market: Breakup by Sales Channel (USD Billion), 2018-2023
6.    North America Commercial Vehicle TPMS Market Forecast: Breakup by Sales Channel (USD Billion), 2024-2032
7.    North America Commercial Vehicle TPMS Historical Market: Breakup by Country (USD Billion), 2018-2023
8.    North America Commercial Vehicle TPMS Market Forecast: Breakup by Country (USD Billion), 2024-2032
9.    North America Commercial Vehicle TPMS Market Structure

Key Questions Answered in the Report

In 2023, the market reached an approximate value of USD 1.37 billion.

The market is expected to grow at a CAGR of 5.5% between 2024 and 2032.

The commercial vehicles TPMS market is expected to reach a value of USD 2.23 billion by 2032.

Growing demand for commercial vehicles and legislations regarding the use of TPMS is driving the market growth.  

TPMS contributes to maintaining the ideal tire pressure, minimising tire wear due to improper pressure levels and assisting in achieving the best possible fuel efficiency.

The TREAD Act mandated that every manufactured or imported car sold in the United States after September 2007 be equipped with TPMS.  

Major countries in the market are the USA and Canada.

Key players in the market are Bartec USA LLC, Hamaton Inc, Sensata Technologies, Denso Corporation, Delphi Powertrain Systems Operations Luxembourg S. à r.l., WEGMANN automotive GmbH, Bendix Commercial Vehicle Systems LLC, Dill Air Controls Products, and RV Safety Accessories Inc., among others.

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