The global Wheel Speed Sensor market was valued at US$ 1473.7 million in 2020 and it is expected to reach US$ 2625.3 million by the end of 2027, growing at a CAGR of 7.9% during 2021-2027.
Wheel Speed Sensor is a type of tachometer. It is a sender device used for reading the speed of a vehicle’s wheel rotation.
Currently, the wheel speed sensors are different which installed in the same vehicle. For some vehicles, the front left wheel and the front right wheel are also different.
Global Wheel Speed Sensor key players include Bosch, Continental, MOBIS, etc. Global top three manufacturers hold a share over 50%.
Europe is the largest market, with a share about 25%, followed by China, and North America, both have a share over 45 percent.
In terms of product, Magnetic Electric Type is the largest segment, with a share over 65%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle, etc.
Global Wheel Speed Sensor Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Wheel Speed Sensor Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Bosch, Continental, Mobis, Zf Trw, Aisin, Delphi, Wabco, Knorr-Bremse, Mhe, Hitachi Metal, Denso, Sejong Industrial, Xinyue Lianhui, Chengdu Changdi Sensing Technology Co., Ltd., Info (Shanghai) Automotive Sensor Co., Ltd., Ningbo New Strongteck Electromechanical Technology Co.,Ltd., Hanghzou Lin`An Techrun Electronics Co., Ltd and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-wheel-speed-sensor-market-research-report
Segment by Type
- Hall Wheel Speed Sensor
- Magnetic Electric Wheel Speed Sensor
Segment by Application
- Passenger Vehicle
- Commercial Vehicle
Table of Content:
1 Wheel Speed Sensor Market Overview
2 Wheel Speed Sensor Market Competition by Manufacturers
3 Wheel Speed Sensor Retrospective Market Scenario by Region
4 Global Wheel Speed Sensor Historic Market Analysis by Type
5 Global Wheel Speed Sensor Historic Market Analysis by Application
6 Key Companies Profiled
7 Wheel Speed Sensor Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Wheel Speed Sensor Market Dynamics
10 Global Wheel Speed Sensor Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.