The Global Car Tachometer Market size is projected to grow at a CAGR of 7.7% during the forecast period, 2018-2028. The growth can be attributed to the increasing demand for digital displays in passenger cars and commercial vehicles across the globe. The Digital type segment is expected to grow at a higher rate owing to its high accuracy, reliability, and low weight as compared with the pointer type which is mostly used in passenger cars. North America is one of the major contributors in this market due to the large presence of OEMs on account of geographical proximity towards the Asia Pacific region where many automotive manufacturers are present including JATCO, Hyundai Motor Company Ltd., Toyota Motor Corporation among others.
A car tachometer is an instrument that displays the revolutions per minute (RPMs) of a vehicle's motor. It helps one to know more about their vehicle and how it works. It is driven by the rotation of the motor and consists of a small permanent magnet fixed to it, surrounded by three coils forming an electromagnet when current flows through them. The central coil has few turns while the other two have many turns wound around the iron core having low reluctance. A car tachometer allows the driver to determine how fast their vehicle is traveling. It also provides a record of driving speed, which helps when it comes time for insurance claims and traffic violations.
On the basis of Type, the global car tachometer market is segmented into Pointer Type and Digital Type.
A pointer-type car tachometer is a rotational speed measuring device attached to the engine and driven by its crankshaft. It displays the measured rotation of the shaft in terms of rpm on an analog meter or digital display. The pointer type displays the engine speed and is considered to be one of the most popular types. It makes use of a needle that moves with the rotation of the crankshaft which in turn shows revolutions per minute (RPM).
Digital Type Car Tachometers are a type of automotive aftermarket, electronic instrumentation that measures the speed at which a vehicle is traveling. Digital tachometer displays RPM (revolutions per minute) on an LCD screen in units such as Km/h or Mph. The needle typically moves from 0 to 8000 RPM with white markings every 400RPM and red markings for each 100RPM increment beyond the scale endpoint. The Digital tachometer is used by most cars today. The digital tachometers are easy to use, operate and install in comparison with other types. You can easily set up them within few minutes without any hassle or confusion as you need some basic knowledge about the wiring system of your car for installation purposes.
On the basis of Application, the global car tachometer market is segmented into Passenger Car and Commercial Car.
On the basis of Region, the global car tachometer market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of value, the North American region will account for the highest share followed by Europe while APAC would be the fastest-growing regional segment during the forecast period. The factors driving growth are increasing popularity among consumers especially the young population which prefers feature-rich cars with advanced electronic equipment such as Car Tachometers. Growing demand for luxury cars including SUVs particularly in developing regions such as China and India has further added fuel to overall industry growth over the past few years along with rising disposable income due to the high sales volume witnessed during the past few years. The market for car tachometers in the Middle East & Africa is witnessing significant growth due to its increasing demand. Furthermore, it has an increase in the number of passenger and commercial vehicles (cars), which further drives this market's growth.
-Intense competition among the top players.
-Stringent government regulations and safety norms across different regions.
-Rapid technological advancements.
-High initial equipment manufacturing costs.
-Demand for fuel-efficient and eco-friendly products.
-Increasing demand for comfort features in cars.
-Rising demand for luxury cars.
-Increasing demand for aftermarket products.
-Growth opportunities in emerging economies.
-Erosion in the market share of key players.
Up Market Research published a new report titled “Car Tachometer Market research report which is segmented by Types (Pointer Type, Digital Type), By Applications (Passenger Car, Commercial Car), By Players/Companies SKF, TESTO, KIMO, OMEGA, Tecpel, Parker”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Car Tachometer Market Research Report |
By Type | Pointer Type, Digital Type |
By Application | Passenger Car, Commercial Car |
By Companies | SKF, TESTO, KIMO, OMEGA, Tecpel, Parker |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 219 |
Number of Tables & Figures | 154 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Pointer Type, Digital Type and By Application Passenger Car, Commercial Car.
Some of the companies that are profiled in this report are:
Car Tachometer Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Car Tachometer Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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