Boasting the third largest car
security system following ABS and SRS, TPMS (Tire Pressure Monitor System) has
seen rapid growth in scale worldwide driven by mandatory installation polices
in America and Europe, with the market size exceeding 28 million sets in 2012.
From 2013 on, South Korea demands that all passenger cars and vehicles with the
gross weight less than 3.5 tons should be installed with TPMS. The move will
further expand the global TPMS scale which is projected to surpass 30 million
sets by 2013.? ?
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Thus far, China has issued the
recommended TPMS technical standards which took effect on Jul.1, 2011. But the TPMS
assembly rate in China was as low as 9.65% in 2012, due to the absence of
related mandatory policies, consumers’ lack of awareness as well as the cost
factor. Up until now, TPMS is mainly equipped in high-class automobiles such as
Audi A6 extended edition, Buick Park Avenue, Cadillac SLS, BMW 3 Series and 5
Series. China, as the world’s largest automobile producer, is projected to see
a massive surge in terms of TPMS scale as soon as related polices are
released.
The report analyzes the status quo of
global and China TPMS market, and highlights key TPMS companies
worldwide.
Schrader is the world’s largest TPMS
supplier, offering TPMS for original auto brands including GM, Ford, Chrysler,
Nissan, Renault, Psa, etc. Schrader taps into Chinese market via the agent-
CHOWYOO Auto Electronics (Shanghai) Co.,Ltd.
Continental is the second largest
TPMS supplier after Schrader. And its products are applied in China for car
models like Volvo S80L and Citroen-C5. ?
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