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 |
Need a report that reflects how COVID-19 has impacted this market and its growth?
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.
