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Latin America Tire Pressure Monitoring System Market Size & Outlook

The tire pressure monitoring system market in Latin America is expected to reach a projected revenue of US$ 1,329.6 million by 2030. A compound annual growth rate of 10.1% is expected of Latin America tire pressure monitoring system market from 2024 to 2030.

Revenue, 2023 (US$M)
$679.0
Forecast, 2030 (US$M)
$1,329.6
CAGR, 2024 - 2030
10.1%
Report Coverage
Latin America

Latin America tire pressure monitoring system market, 2018-2030 (US$M)

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Latin

Related Markets

Global Tire Pressure Monitoring System Industry Outlook

North America Tire Pressure Monitoring System Market Outlook

Europe Tire Pressure Monitoring System Market Outlook

Asia Pacific Tire Pressure Monitoring System Market Outlook

MEA Tire Pressure Monitoring System Market Outlook

Latin America tire pressure monitoring system market highlights

  • The Latin America tire pressure monitoring system market generated a revenue of USD 679.0 million in 2023.
  • The market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
  • In terms of segment, direct tpms was the largest revenue generating type in 2023.
  • Direct TPMS is the most lucrative type segment registering the fastest growth during the forecast period.


Latin America data book summary

Market revenue in 2023USD 679.0 million
Market revenue in 2030USD 1,329.6 million
Growth rate10.1% (CAGR from 2023 to 2030)
Largest segmentDirect tpms
Fastest growing segmentDirect TPMS
Historical data covered2018 - 2022
Base year for estimation2023
Forecast period covered2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationDirect TPMS


Other key industry trends

  • In terms of revenue, Latin America region accounted for 8.2% of the global tire pressure monitoring system market in 2023.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
  • Asia Pacific is the fastest growing regional market and is projected to reach USD 8,114.9 million by 2030.

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Tire Pressure Monitoring System Market Scope

Tire pressure monitoring system market segmentation & scope
Type
Direct TPMS
Indirect TPMS
Vehicle Type
Passenger Vehicle
Commercial Vehicle
Sales Channel
OEM
Aftermarket
Regions
Latin America
Europe
North America
Middle East & Africa
Asia Pacific
Countries
U.S.
Canada
Mexico
Germany
UK
France
Italy
Spain
Denmark
Sweden
Norway
China
Japan
India
South Korea
Australia
Thailand
Brazil
Argentina
South Africa
Saudi Arabia
UAE
Kuwait

Tire Pressure Monitoring System Market Companies

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