Market Size of Africa and Middle East Automotive TPMS Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Africa & Middle East Automotive TPMS Market Analysis
The Africa and Middle East TPMS Market is expected to register a CAGR of more than 6% during the forecast period, 2020-2025.
- The recent development made by manufacturers and OEMs in TPMS, with consumer sentiment leaning towards advanced and sustainable technologies, is expected to fuel the Africa Middle East TPMS market during the forecast period.
- UAE and Saudi Arabia are the leading TPMS market due to higher risk recognition posed by damage caused blowing out of tires, and government initiatives to minimize risks. Various collaborations such as Continental and Road Safety UAE aimed to introduce a smart device that alerts the driver by monitoring tire pressure data.
- Also, tire failure has an impact on a road traffic accident. Road crashes are a significant issue in many of the African nations. Studies suggest that the cost of road traffic accidents as a percentage of the Gross Domestic Product (GDP) is about 0.8% in Ethiopia and 1% in South Africa, 2.3% in Zambia, 2.7% in Botswana, 5% in Kenya, .and 1.5 in Ghana. The four major causes of tire failure: overinflation, under-inflation, wear, and overloading of vehicles. All these failures can be corrected using an appropriate TPMS system, thus pushing the growth of the market.
- Other significant factors such as consumer preference toward advanced driver assistance systems, the spike in the sales of luxury vehicles, and the growing number of accidents and subsequent road fatalities have prompted the regulatory authorities to mandate the TPMS in automobiles.
Africa & Middle East Automotive TPMS Industry Segmentation
The Africa and Middle East TPMS Market report covers the current and upcoming trends with recent technological developments. The report will provide a detailed analysis of various areas of the market by vehicle, technology and sales channel. The market share of significant TPMS manufacturing companies and country level analysis will be provided in the report.
Vehicle Type | |
Passenger Car | |
Commercial Vehicle |
Type | |
Direct TPMS | |
Indirect TPMS |
Sales Channel | |
OEM | |
Aftermarket |
Countries | |
Saudi Arabia | |
United Arab Emirates | |
South Africa | |
Rest of Middle East and Africa |
Africa and Middle East Automotive TPMS Market Size Summary
The Africa and Middle East Automotive TPMS market is poised for significant growth, driven by advancements in technology and a shift towards sustainable solutions. The increasing awareness of the risks associated with tire blowouts, coupled with government initiatives in countries like the UAE and Saudi Arabia, is propelling the adoption of Tire Pressure Monitoring Systems (TPMS). These systems are crucial in mitigating road traffic accidents, which are a major concern in many African nations. The market is further bolstered by the rising consumer preference for advanced driver assistance systems and the growing sales of luxury vehicles. Regulatory mandates for TPMS in automobiles are also contributing to market expansion, as these systems offer numerous benefits, including improved tire longevity, reduced fuel consumption, and enhanced vehicle safety.
In Saudi Arabia, the TPMS market is experiencing a boost due to government projects aimed at enhancing road safety and promoting fuel efficiency. The automotive industry in the region is thriving, especially following the lifting of the driving ban on women, which has increased car sales and, consequently, the demand for TPMS. The market is characterized by the presence of both international and regional players, such as Continental AG and ZF Friedrichshafen AG, who are engaging in partnerships and joint ventures to maintain a competitive edge. The introduction of innovative products, like Continental's REDI-Sensor line, is expanding the market's reach across Saudi Arabia, Qatar, and much of Africa, ensuring a robust growth trajectory for the TPMS market in the coming years.
Africa and Middle East Automotive TPMS Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porters Five Force Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Car
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2.1.2 Commercial Vehicle
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2.2 Type
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2.2.1 Direct TPMS
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2.2.2 Indirect TPMS
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2.3 Sales Channel
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2.3.1 OEM
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2.3.2 Aftermarket
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2.4 Countries
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2.4.1 Saudi Arabia
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2.4.2 United Arab Emirates
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2.4.3 South Africa
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2.4.4 Rest of Middle East and Africa
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Africa and Middle East Automotive TPMS Market Size FAQs
What is the current Africa and Middle East Automotive TPMS Market size?
The Africa and Middle East Automotive TPMS Market is projected to register a CAGR of greater than 6% during the forecast period (2024-2029)
Who are the key players in Africa and Middle East Automotive TPMS Market?
Schrader Electronics, ZF Friedrichshafen AG, Pacific Industrial , PressurePro Enterprises Inc. and Sensata Technologies are the major companies operating in the Africa and Middle East Automotive TPMS Market.