Frost & Sullivan forecasts rapid growth in tire pressure monitoring systems market; $386.6M by 2018
Green Car Congress
DECEMBER 12, 2012
The consultancy estimates that the market earned revenues of more than $111.7 By 2014, nearly 38% of vehicles in North America will feature TPMS—a 13% increase from 2011—thus, increasing the addressable market size. Consumers are more likely to replace their sensors while purchasing new tires.
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