Frost & Sullivan forecasts rapid growth in tire pressure monitoring systems market; $386.6M by 2018
Green Car Congress
DECEMBER 12, 2012
By 2014, nearly 38% of vehicles in North America will feature TPMS—a 13% increase from 2011—thus, increasing the addressable market size. —Frost & Sullivan Industry Analyst Kumar Saha. However, low installer awareness and long battery life have curbed TPMS replacement volumes, particularly in North America.
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