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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.
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 Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments.
Market Breakup by Type
Market Breakup by Sales Channel
Market Breakup by Country
The growing awareness and demand for safety of vehicles and passengers is creating a demand for the market.
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:
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Breakup by Type |
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Breakup by Sales Channel |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
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
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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