TPMS Battery Market

Global Market Study on TPMS Battery: Regulations Concerning Road Safety to Drive Revenue Growth

ID: PMRREP23578
Calendar

July 2018

320 Pages

Author : Jitendra Deviputra

Introduction

Automotive Tire Pressure Monitoring Systems (TPMS) are active safety systems that help monitor the tire pressure of vehicles by using pressure sensors or through the wheel speed sensors of ABS/ESC systems. Batteries used in TPMS generally have a lifespan of 6 to 10 years. Moreover, the entire TPMS has to be replaced if the battery dies.

The global TPMS battery market is estimated to be valued at US$ 451.6 Mn by the end of 2018 and is expected to reach US$ 847.4 Mn by the end of 2026, at a CAGR of 8.2% over the forecast period. The global TPMS battery market is anticipated to represent an incremental opportunity of US$ 395.8 Mn between 2018 and 2026.

Factors influencing the growth of the global TPMS battery market

Growing regulations to mandate the installation of TPMS in developed regions such as North America, Europe and China act as a catalyst in the overall growth of TPMS battery market. Moreover, increase in the adoption of automotive safety systems is among key factors responsible for driving the TPMS market. This is expected to boost the demand for TPMS batteries over the forecast period.

The global TPMS battery market is estimated to be driven by an increase in the production of vehicles across the globe. Lucrative growth in the automotive industry is also expected to be a prime factor supplementing market growth.

Global TPMS battery market analysis, by battery type

The CR type battery segment is projected to account for a 91.3% volume share in the global TPMS battery market by the end of 2026, increasing at a CAGR of 8.4% over the forecast period.

TPMS battery market by capacity

By capacity, the up to 350 mA segment is projected to dominate the global TPMS battery market in 2018. The segment is forecasted to account for a market value share of 91.6% by the end of 2026.

Global TPMS battery market analysis, by type

By type segment, the lithium ion segment is projected to dominate the global TPMS battery market in 2018. The lithium ion segment is forecasted to account for 93.4% market value share by the end of 2026.

Global TPMS battery market analysis, by sales channel

The OES segment is projected to account for 80.8% volume share in the global TPMS battery market by the end of 2026, at a CAGR of 8.4% over the forecast period.

Global TPMS battery market analysis, by distribution channel

The offline sales segment is estimated to dominate the global TPMS battery market with a volume share of 64.5% by the end of 2026 end at a CAGR of 7.9%. The online sales segment is anticipated to gain traction in the coming years.

Global TPMS battery market analysis, by region

From a regional perspective, North America is estimated to represent 39.6% of the market volume share in 2018. The market is expected to increase at a volume CAGR of 8.2% over the forecast period. The sales revenue of TPMS batteries in North America is expected to reach US$ 261.0 Mn by the end of 2026 at a CAGR of 7.8% over the forecast period.

Market growth in China and SEA & Pacific is expected to remain high compared to the global average between 2018 and 2026 at CAGR of 9.0% & 9.1% respectively.

Key players dominating the global TPMS battery market

Some of the key market participants reported in this study of the global TPMS battery market are Murata Manufacturing Co., Ltd.; Panasonic Corporation; Maxell Holdings, Ltd.; Duracell, Inc.; The Swatch Group (Renata SA); BE-POWER GmbH; EVE Energy Co., Ltd.; Guangzhou MaiSheng Energy Technology Co., Ltd.; Suzhou South Large Battery Co., Ltd. and Shenzhen Pkcell Battery Co., Ltd.

TPMS Battery Market Global Industry Analysis

Attribute Details
Battery Type
  • CR Type Battery
    • CR 2032
    • CR 2430
    • CR 2320
  • BR Type Battery
Capacity
  • Up to 350 mA
  • Above 350 mA
Type
  • Lithium ion
  • Nickel Metal Hydride
Sales Channel
  • OES (Original Equipment Supplier)
  • IAM (Independent Aftermarket)
Distribution Channel
  • Offline Sales
  • Online Sales
Region
  • North America
  • Latin America
  • Europe
  • South East Asia & Pacific
  • China
  • Japan
  • Middle East & Africa (MEA)

Companies Covered in TPMS Battery Market

  • Murata Manufacturing Co., Ltd.
  • Panasonic Corporation
  • Maxell, Ltd.
  • Duracell Inc.
  • The Swatch Group (Renata SA)
  • BE-POWER GmbH
  • EVE Energy Co., Ltd.
  • Guangzhou Mai Sheng Energy Technology Co Ltd
  • Others.
Global TPMS battery market segmentation and forecast

The global TPMS battery market is segmented on the basis of battery type, capacity, type, sales channel, distribution channel and region. On the basis of battery type, the global TPMS battery market is segmented into CR type battery and BR type battery. CR type battery is further segmented into CR 2032, CR 2430, and CR 2320. Based on capacity, the market is segmented into up to 350 mA and above 350 mA. On the basis of type, the market is segmented into lithium ion and nickel metal hydride.

Based on sales channel, the market is segmented into Original Equipment Supplier (OES) and Independent Aftermarket (IAM). Based on distribution channel, the market in segmented into offline sales and online sales. Significant regions covered in the report includes North America, Latin America, Europe, SEA & Pacific, China, Japan, and the Middle East & Africa.

TPMS Battery Market

Related Reports

1. Executive Summary

    1.1. Market Overview

    1.2. Market Analysis

    1.3. PMR Analysis and Recommendations

    1.4. Wheel of Fortune

2. Market Introduction

    2.1. Market Taxonomy

    2.2. Market Definition

3. Market Background

    3.1. Parent Market Overview (TPMS Market)

    3.2. Porter’s Analysis

    3.3. Macro-Economic Factors

        3.3.1. Global GDP by Region, 2016-2026

        3.3.2. Global Automotive Production by Region

        3.3.3. Global Automotive Fleet on Road Outlook by Region

        3.3.4. Road Crash Statistics

        3.3.5. Worldwide Road Accidents

    3.4. Forecast Factors – Relevance & Impact

    3.5. Value Chain

    3.6. Market Dynamics

        3.6.1. Drivers

        3.6.2. Restraints

        3.6.3. Opportunity

        3.6.4. Trends

    3.7. Global Automotive TPMS Market: Regulations

4. Market Forecast

    4.1. Market Volume Projections

    4.2. Pricing Analysis

    4.3. Market Size Projections

        4.3.1. Y-o-Y Projections

        4.3.2. Absolute $ Opportunity Analysis

5. Global Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026, By Battery Type

    5.1. Introduction

    5.2. Historical Market Size (US$ Mn) and Volume Analysis By Battery Type (2013-2017)

    5.3. Market Size (US$ Mn) and Volume Forecast By Battery Type (2018-2026)

        5.3.1. CR Type Battery

            5.3.1.1. CR2032

            5.3.1.2. CR2430

            5.3.1.3. CR2320

        5.3.2. BR Type Battery

    5.4. Market Attractiveness Analysis By Battery Type

6. Global Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026, By Capacity

    6.1. Introduction

    6.2. Historical Market Size (US$ Mn) and Volume Analysis By Capacity (2013-2017)

    6.3. Market Size (US$ Mn) and Volume Forecast By Capacity (2018-2026)

        6.3.1. Up To 350 mA

        6.3.2. Above 350 mA

    6.4. Market Attractiveness Analysis By Capacity

7. Global Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026, By Type

    7.1. Introduction

    7.2. Historical Market Size (US$ Mn) and Volume Analysis By Type (2013-2017)

    7.3. Market Size (US$ Mn) and Volume Forecast By Type (2018-2026)

        7.3.1. Lithium Ion

        7.3.2. Nickel Metal Hydride

    7.4. Market Attractiveness Analysis By Type

8. Global Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026, By Sales Channel

    8.1. Introduction

    8.2. Historical Market Size (US$ Mn) and Volume Analysis By Sales Channel (2013-2017)

    8.3. Market Size (US$ Mn) and Volume Forecast By Sales Channel (2018-2026)

        8.3.1. OES (Original Equipment Suppliers)

        8.3.2. IAM (Independent Aftermarket)

    8.4. Market Attractiveness Analysis By Sales Channel

9. Global Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026, By Distribution Channel

    9.1. Introduction

    9.2. Historical Market Size (US$ Mn) and Volume Analysis By Distribution Channel (2013-2017)

    9.3. Market Size (US$ Mn) and Volume Forecast By Distribution Channel (2018-2026)

        9.3.1. Offline Sales

        9.3.2. Online Sales

    9.4. Market Attractiveness Analysis By Distribution Channel

10. Global Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026, By Region

    10.1. Introduction

    10.2. Historical Market Size (US$ Mn) and Volume Analysis By Region (2013-2017)

    10.3. Market Size (US$ Mn) and Volume Forecast By Region (2018-2026)

        10.3.1. North America

        10.3.2. Latin America

        10.3.3. Europe

        10.3.4. SEA and Other APAC

        10.3.5. China

        10.3.6. Japan

        10.3.7. MEA

    10.4. Market Attractiveness Analysis By Region

11. North America Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026

    11.1. Introduction

    11.2. Historical Market Size (US$ Mn) and Volume Analysis By Market  Segments (2013-2017)

    11.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2018-2026)

        11.3.1. By Country

            11.3.1.1. U.S.

            11.3.1.2. Canada

        11.3.2. By Battery Type

        11.3.3. By Capacity

        11.3.4. By Type

        11.3.5. By Sales Channel

        11.3.6. By Distribution Channel

    11.4. Market Attractiveness Analysis

        11.4.1. By Country

        11.4.2. By Battery Type

        11.4.3. By Capacity

        11.4.4. By Type

        11.4.5. By Sales Channel

        11.4.6. By Distribution Channel

12. Latin America Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026

    12.1. Introduction

    12.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2013-2017)

    12.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2018-2026)

        12.3.1. By Country

            12.3.1.1. Brazil

            12.3.1.2. Mexico

            12.3.1.3. Rest of Latin America

        12.3.2. By Battery Type

        12.3.3. By Capacity

        12.3.4. By Type

        12.3.5. By Sales Channel

        12.3.6. By Distribution Channel

    12.4. Market Attractiveness Analysis

        12.4.1. By Country

        12.4.2. By Battery Type

        12.4.3. By Capacity

        12.4.4. By Type

        12.4.5. By Sales Channel

        12.4.6. By Distribution Channel

13. Europe Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026

    13.1. Introduction

    13.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2013-2017)

    13.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2018-2026)

        13.3.1. By Country

            13.3.1.1. Germany

            13.3.1.2. Italy

            13.3.1.3. France

            13.3.1.4. Spain

            13.3.1.5. Russia

            13.3.1.6. Poland

            13.3.1.7. Rest of Europe

        13.3.2. By Battery Type

        13.3.3. By Capacity

        13.3.4. By Type

        13.3.5. By Sales Channel

        13.3.6. By Distribution Channel

    13.4. Market Attractiveness Analysis

        13.4.1. By Country

        13.4.2. By Battery Type

        13.4.3. By Capacity

        13.4.4. By Type

        13.4.5. By Sales Channel

        13.4.6. By Distribution Channel

14. SEA and Other APAC Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026

    14.1. Introduction

    14.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2013-2017)

    14.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2018-2026)

        14.3.1. By Country

            14.3.1.1. India

            14.3.1.2. ASEAN Countries

            14.3.1.3. Australia & New Zealand

            14.3.1.4. Rest of SEA & Other APAC

        14.3.2. By Battery Type

        14.3.3. By Capacity

        14.3.4. By Type

        14.3.5. By Sales Channel

        14.3.6. By Distribution Channel

    14.4. Market Attractiveness Analysis

        14.4.1. By Country

        14.4.2. By Battery Type

        14.4.3. By Capacity

        14.4.4. By Type

        14.4.5. By Sales Channel

        14.4.6. By Distribution Channel

15. China Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026

    15.1. Introduction

    15.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2013-2017)

    15.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2018-2026)

        15.3.1. By Battery Type

        15.3.2. By Capacity

        15.3.3. By Type

        15.3.4. By Sales Channel

        15.3.5. By Distribution Channel

    15.4. Market Attractiveness Analysis

        15.4.1. By Battery Type

        15.4.2. By Capacity

        15.4.3. By Type

        15.4.4. By Sales Channel

        15.4.5. By Distribution Channel

16. Japan Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026

    16.1. Introduction

    16.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2013-2017)

    16.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2018-2026)

        16.3.1. By Battery Type

        16.3.2. By Capacity

        16.3.3. By Type

        16.3.4. By Sales Channel

        16.3.5. By Distribution Channel

    16.4. Market Attractiveness Analysis

        16.4.1. By Battery Type

        16.4.2. By Capacity

        16.4.3. By Type

        16.4.4. By Sales Channel

        16.4.5. By Distribution Channel

17. Middle East & Africa Tire Pressure Monitoring System Battery Market Analysis 2013–2017 and Forecast 2018–2026

    17.1. Introduction

    17.2. Historical Market Size (US$ Mn) and Volume Analysis By Market Segments (2013-2017)

    17.3. Market Size (US$ Mn) and Volume Forecast By Market Segments (2018-2026)

        17.3.1. By Country

            17.3.1.1. GCC Countries

            17.3.1.2. Turkey

            17.3.1.3. South Africa

            17.3.1.4. Rest of MEA

        17.3.2. By Battery Type

        17.3.3. By Capacity

        17.3.4. By Type

        17.3.5. By Sales Channel

        17.3.6. By Distribution Channel

    17.4. Market Attractiveness Analysis

        17.4.1. By Country

        17.4.2. By Battery Type

        17.4.3. By Capacity

        17.4.4. By Type

        17.4.5. By Sales Channel

        17.4.6. By Distribution Channel

18. Tire Pressure Monitoring System Battery Market Industry Structure

    18.1. Prominent Factor Affecting the Market Competition

    18.2. Key Trends Affecting the Suppliers/Manufacturer

    18.3. Product, Channel & Market Strategy Analysis

    18.4. Global TPMS Battery Market Strategy

    18.5. Tier Structure Analysis by Region & market Concentration by Tier Level

19. Competition Landscape (Manufactures/Suppliers)

    19.1. Competition Dashboard

    19.2. Market Structure Analysis

    19.3. Market Share Analysis

    19.4. Competitive Benchmarking

    19.5. Competitive Analysis: Domestic V/S Overseas Sales Share

    19.6. Market Intensity Mapping by Region

    19.7. Competition Deep Dive (15 Companies)

        19.7.1. Murata Manufacturing Co., Ltd.

        19.7.2. Panasonic Corporation

        19.7.3. Maxell, Ltd.

        19.7.4. Duracell Inc.

        19.7.5. The Swatch Group (Renata SA)

        19.7.6. BE-POWER GmbH

        19.7.7. EVE Energy Co., Ltd.

        19.7.8. Guangzhou Mai Sheng Energy Technology Co Ltd

20. Assumption & Acronyms Used

21. Research Methodology

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