With the slowdown in world economic growth, the Tachometer industry has also suffered a certain impact, but still maintained a relatively optimistic growth, the past four years, Tachometer market size to maintain the average annual growth rate of XXX from XXX million $ in 2014 to XXX million $ in 2018, Stratagem Market Insights analysts believe that in the next few years, Tachometer market size will be further expanded, we expect that by 2023, The market size of the Tachometer will reach XXX million $.
A tachometer measures the rotation speed of a shaft or disk in a vehicle or any machine with a motor. It displays the revolutions per minute (RPM) on a calibrated analogue or digital dial.
Increasing production of passenger vehicles is expected to propel growth of the global tachometer market over the forecast period. For instance, according to The European Automobile Manufacturers Association, 16.5 million passenger cars were made in the European Union in 2018 compared to 16.1 million in 2015. Moreover, increasing production of commercial vehicles is also expected to aid in growth of the market. For instance, according to The European Automobile Manufacturers Association, over 2.6 million commercial vehicles were produced in the European Union in 2018.
The global tachometer market is witnessing high demand for digital tachometers, especially in motor bikes and electric vehicles. Increasing launch of electric vehicles is expected to offer lucrative growth opportunities for players in the market. For instance, in July 2019, Hyundai launched its first long range electric sport utility vehicle, Kona SUV, in India. Moreover, adoption of new engines in the railways is also expected to aid in growth of the market. For instance, in January 2020, New Jersey Transit Corporation announced that 20 trains on the 34-mile long River Line, which runs between Trenton and Camden, are scheduled to receive new diesel engines.
However, tachometers are prone to various issues such as display failure, calibration problems, inaccuracy, inconsistent readings, or jumping needle. Moreover, there is low tendency of repairing or replacing faulty tachometers among end-users. Such factors are expected to hinder growth of the global tachometer market.
Major players in the market are focused on adopting partnership strategies to enhance their market share. For instance, in December 2018, Samson Automation Technologies partnered with Electrozad Supply, an automation solutions provider in Canada, under which Electrozad Supply will be SAMSON’s authorized representative in Canada.
Key Takeaways
Increasing production of passenger vehicles to augment growth of the global tachometer market over the forecast period
Major players in the market are focused on enhancing their online distribution channel. For instance, in April 2019, Omega Engineering launched its new website, designed to offer B2B customers a consumer-oriented experience.
Major players operating in the global tachometer market include, Extech Instruments, Omega Engineering, Allied Electronics, LOR Manufacturing Company, Inc., SRI Electronics, Kusam Electrical Industries Limited, Waco Instruments, Lutron Electronics Company, Samson Automation Technologies, Design Technology, Aetna Engineering, Digital Promoters, and Faria Beede Shanghai Tachometer
This Report covers the manufacturers' data, including: shipment, price, revenue, gross profit, interview record, business distribution etc., these data help the consumer know about the competitors better. This report also covers all the regions and countries of the world, which shows a regional development status, including market size, volume and value, as well as price data.
Besides, the report also covers segment data, including: type segment, industry segment, channel segment etc. cover different segment market size, both volume and value. Also cover different industries clients information, which is very important for the manufacturers.
Section 1: Definition
Section (2 3): Manufacturer Detail
Extech Instruments(US)
Omega Engineering(US)
Allied Electronics(US)
LOR Manufacturing Company,Inc.(US)
SRI Electronics(India)
Kusam Meco(India)
Waco(India)
Lutron(US)
Samson Automation(India)
Design Technology(TW)
Aetna Engineering(US)
Digital Promoters(India)
Faria Beede Shanghai Tachometer(China)
Section 4: Region Segmentation
North America Country (United States, Canada)
South America
Asia Country (China, Japan, India, Korea)
Europe Country (Germany, UK, France, Italy)
Other Country (Middle East, Africa, GCC)
Section (5 6 7):
Product Type Segmentation
Time Measurement Tachometer
Frequency Measurement Tachometer
Industry Segmentation
Automobiles
Airplanes
Medical Applications
Traffic
Engineering
Channel (Direct Sales, Distributor) Segmentation
Section 8: Trend (2018-2023)
Section 9: Product Type Detail
Section 10: Downstream Consumer
Section 11: Cost Structure
Section 12: Conclusion
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