China TPMS Market (Tire Pressure Monitor System) Worth CNY 1.5 Billion in 2013

In 2012, the scale of China’s TPMS market was CNY 1.4 billion, and this number is expected to exceed CNY 1.5 billion in 2013. Although China’s TPMS market has maintained rapid growth in recent years, the market scale is still relatively small compared with other automotive electronics products (such as EMS, ABS, automotive audio, airbags and auto instruments), and this industry is still in the initial stage of development.

As of 2012, there were nearly 200 TPMS manufacturers in China (http://www.reportsnreports.com/reports/267217-china-tpms-industry-report-2013.html), but the technology level is uneven; only few manufacturers, such as Baolong, Kysonix, Top Sun, State and Taihao can achieve mass production. In addition to TPMS, most of the enterprises also produce reversing radars, GPS navigations, alarms, central locking systems and a series of automotive electronics products. The corporate strength, scale, and technology level are in different levels; most of the enterprises rely on the foreign TPMS development platforms and production lines to carry out production. Less than 20% of the enterprises own independent design and production capacity and rare of them have ability to achieve mass production.

At present, the domestic TPMS assembly rate is still very low, which was only 9.65% in 2012. As for the TPMS market capacity, the capacity in China’s TPMS market was 340,000 units in 2006, and it increased to 1.86 million units by 2012, the average annual growth rate reached 27.5%.

This research believes that with the continuous development of China’s auto industry and the gradual strengthening of residents’ safety awareness, coupled with the mandatory policies in the future, TPMS market will usher in a great market opportunity. In H2 of 2013, the growth rate of auto market will be lower than the growth rate in H1, but the overall market will still maintain a steady growth, and the assembly rate will be obviously higher than 2012, which is expected to exceed 10%.

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Main Enterprises in China’s TPMS Industry:
1. Shanghai Baolong Automotive Corporation
2. Nanjing Top Sun Technology Co., Ltd.
3. State Auto Electronic Co., Ltd.
4. Shanghai Taihao Electronic Technology Co., Ltd.
5. Kysonix Inc.

Global and China TPMS Industry Report, 2012-2013 (http://www.reportsnreports.com/reports/265603-global-and-china-tpms-industry-report-2012-2013.html)

Boasting the third largest car security system following ABS and SRS, TPMS (Tire Pressure Monitor System) has seen rapid growth in scale worldwide driven by mandatory installation polices in America and Europe, with the market size exceeding 28 million sets in 2012. From 2013 on, South Korea demands that all passenger cars and vehicles with the gross weight less than 3.5 tons should be installed with TPMS. The move will further expand the global TPMS scale which is projected to surpass 30 million sets by 2013.? ?

Thus far, China has issued the recommended TPMS technical standards which took effect on Jul.1, 2011. But the TPMS assembly rate in China was as low as 9.65% in 2012, due to the absence of related mandatory policies, consumers’ lack of awareness as well as the cost factor. Up until now, TPMS is mainly equipped in high-class automobiles such as Audi A6 extended edition, Buick Park Avenue, Cadillac SLS, BMW 3 Series and 5 Series. China, as the world’s largest automobile producer, is projected to see a massive surge in terms of TPMS scale as soon as related polices are released.

The report analyzes the status quo of global and China TPMS market, and highlights key TPMS companies worldwide.

Schrader is the world’s largest TPMS supplier, offering TPMS for original auto brands including GM, Ford, Chrysler, Nissan, Renault, Psa, etc. Schrader taps into Chinese market via the agent- CHOWYOO Auto Electronics (Shanghai) Co.,Ltd.

Continental is the second largest TPMS supplier after Schrader. And its products are applied in China for car models like Volvo S80L and Citroen-C5. ?

Currently, there are nearly 200 TPMS companies in China, which differs in scale and strength. Leading ones include: Kysonix Inc., Shanghai Baolong Automotive Corporation, Shanghai Topsystm Electronic Technology Co., Ltd., Nan Jing Top Sun Technology Co., Ltd., Shanghai Hang Sheng Industry Co., Ltd., Steelmate Co., Ltd., Shenzhen Autotech Co., Ltd., Sate Auto Electronic Co., Ltd., etc.

Other Related Report:
Driver Assistance Systems Market, By Types [Adaptive Cruise Control (ACC), Lane Departure Warning (LDWS), Park Assist, Drowsiness Monitor, Blind Spot Detection (BSD), Night Vision, Tire Pressure Monitoring (TPMS), Adaptive Front Lighting], By Technology [Ultrasonic, Image, RADAR, LIDAR, Infrared (IR)] & Geography: Global Trends and Forecast to 2018 (http://www.reportsnreports.com/reports/256152-driver-assistance-systems-market-by-types-by-technology-geography-global-trends-and-forecast-to-2018.html):

The global demand for automobiles is increasing at a significant rate since past few years. Due to the global economic downturn, automobile industry witnessed a slight downfall from 2008, where global sales of the vehicles decreased to 68.1 million units from 71.2 million units (2007). The trend continued in 2009, where global vehicle sales further decreased to 65.4 million units. However, the scenario changed from 2010, where the sales increased to 74.6 million units and then to 77.9 million units (2011). According to the recent publication from OrganisationInternationale des Constructeursd’Automobiles (OICA), the global vehicle sales in 2012 reached to 81.7 million units, of which passenger car sales were 60.5 million units. With the escalation in the vehicle fleet all over the globe, there is increase in the number of road accidents, casualties, and deaths. This has turned the attention of governments & automobile manufacturers towards increased vehicle and road safety.