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Tire Pressure Monitoring System Market Outlook: Accelerating Towards Safer and Smarter Mobility
Other14 days ago
Source: Tire Pressure Monitoring System Market Outlook: Accelerating Towards Safer and Smarter Mobility
The Tire Pressure Monitoring System Market is projected to grow at a CAGR of 6.2% through 2034. It is expected to increase from USD 3.47 billion in 2024 to USD 6.34 billion by 2034. The rising emphasis on prolonging tire service life and the growing need for vehicle safety are the two factors driving the growth of the TPMS industry. The demand for tire pressure monitoring systems is anticipated to increase as traction control systems become more commonplace in automobiles.
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