Standards Essential in the Tire Pressure Monitoring Systems Market
A great stampede of tire pressure monitoring systems (TPMS) merchandise greeted the aftermarket performance parts market along with the OEs after the Transportation Recall Enhancement, Accountability and Documentation (TREAD) Act was passed. This precedent has made it a mandatory rule for all new cars in the U.S. to have a TPMS in place.
Companies are now seen in a mad scramble to comply as they equip their vehicles with the kind of pressure monitoring systems that would operate in accordance with the act in question. Studies of the Frost and Sullivan, North American Tire Pressure Monitoring Systems Market states that the research as well as the development of refined indirect systems is in the final stage and has all the potential of threatening the directive of the act in the sense that it threatens the direct TPMS industry—though this is only applicable in large part to the OE sector for the price advantage.
However, the aftermarkets performance parts may suffer but only to a lesser degree since it provides a cost-effective solution to the problem. The market after all affords stronger support to players in the field that offer products at a more attractive rate. Consumer interest must be obtained and maintained as much as possible. Otherwise, the market suffers.
In lieu of this act, as companies involved in the production of Aftermarket performance parts do each and every conceivable step they can do to reduce the obvious disadvantages of the situation have taken on more active roles in implementing several campaigns that put notable focus and emphasis on the training undergone by each and every technician they have on board.
Why is this essential? With the Transportation Recall Enhancement, Accountability and Documentation (TREAD) Act, the production of tires became more specialized and thus gave way to a bit of standardization issues in the market, particularly among consumers. This, in turn, has entailed that the aftermarket performance parts market reach a stand in such issues in a way that consumers would be able to interpret as advantageous and effective.
Consumer education is another factor that the Aftermarket part manufacturers touched on, stressing the fact that as consumers were now very much aware of the kind of service and tire performance they demand, are able to choose with more care and insight. After all, given the fact that nearly 19 million TPMS-fitted vehicles are expected to be sold to customers at an annual rate, it is extremely crucial for technicans to hold considerable working knowledge as well as training about the system in question.
“Almost each vehicle model had a distinct TPMS type and some are not compatible with certain diagnostic tools,” states Frost & Sullivan Industry Analyst Kyu-min Oh. “Standardization of direct TPMS technologies by OEMs and production of diagnostic equipment that are compatible with the variety of systems by aftermarket tools manufacturers is expected to go a long way in aiding the overall market.”
He further adds that: “It is critical for aftermarket maintenance and tire industry participants such as tire retailers to educate technicians on the wide variety of TPMS products and the repair/diagnosis process for different applications. This will help eliminate unnecessary costs such as compensations for damages.”