TPMS market to be worth over $1600 million in 2009

From Rubber & Plastics News
Boston, Massachusetts-Thanks to the US government mandate, demand for tyre pressure monitoring systems will increase tenfold between 2004 and 2009, from 4.4 million units to 45 million, according to a new report from Strategy Analytics Inc.

This will make the TPMS market worth $1618 million in 2009, according to Simon Schofield, a senior analyst with the global consulting firm and author of the report. Direct monitoring systems will be the preferred technology, particularly as their prices fall against those of the less…

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