Automotive Tire Pressure Monitoring System (TPMS) Market: To Witness Excellent Revenue Growth, Emerging Trends & Forecast To 2018–2026
According to a new market report published by Transparency Market Research , “ Tire Pressure Monitoring System Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026 ” is expected to surpass US$ 8 Bn by 2026, expanding at a CAGR of more than 4% during the forecast period. The global tire pressure monitoring system market for automotive is projected to expand at a CAGR of more than 4% between 2018 and 2026, according to a new research report by Transparency Market Research (TMR). According to the report, the global market is likely to be influenced by a range of political, economic, social, technical, and industry-specific factors. Latin America is likely to witness rapid rise in demand for tire pressure monitoring system, with the market in the region anticipated to expand at a CAGR of about 7% during the forecast period. Vehicle tires functioning below the prescribed inflation level place the complete performance of automobile and the...