Nov 1, 2021 SOURCE: BusinessWire

Insights on the Tachometer Global Market to 2026 - Featuring Schneider Electric, Honeywell International and Pricol Among Others - ResearchAndMarkets.com

The tachometer market is expected to register a CAGR of 10% over the forecast period 2021 - 2026.

Companies Mentioned

Key Market Trends

Automotive Sector is Expected to Register a Significant Growth

Tachometer shows the rate of rotation of the engine's crankshaft with the purpose of enabling the driver in choosing the right throttle and gear for driving conditions that allows him a smooth and efficient drive.
The increasing number of vehicles sold is expected to boost the adoption of the tachometers by vehicle manufacturers over the forecast period. For instance, in 2018 the automakers in the United States reported an increase in the sales of new vehicles with 17.27 million vehicles being sold.
The governments are increasingly promoting the usage of electric vehicles with the Britain government announcing a Euro 400 million fund to help develop rapid charging infrastructure points for electric vehicles. The first Euro 70 million investment would create 3,000 new rapid charge points, more than doubling the number of rapid charge points across the UK by 2024. This in itself is indicative of the fact that the number of electric vehicles is expected to grow, fueling the adoption of the tachometers over the forecast period.

North America is Expected to Hold the Largest Market Share

North America is expected to dominate the market over the forecast period, owing to the presence of some major players in the region such as Emerson Electric Co., Honeywell International Inc., amongst others coupled with the extensive research and development activities are expected to promote wide-scale adoption of tachometers in the region.
The increasing number of vehicles in operation in the region is expected to boost the adoption of the tachometers by the user as well as the manufacturers. For instance, according to Experian, the number of vehicles in operation in the United States increased in the first quarter of 2019 to 276 million as compared to the first quarter of 268.3 million.
The increasing investments by the government and the private players in the wind power are expected to boost the market growth over the forecast period. For instance in 2018 according to American Wind Energy Association (AWEA) announced that in Texas and across the nation, Fortune 500 brands and utilities had purchased a record amount of new wind energy last year through long-term contracts, contributing to a record pipeline of wind capacity under construction or advanced stages of development.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Market Overview

4.2 Industry Attractiveness - Porter's Five Force Analysis

4.2.1 Threat of New Entrants

4.2.2 Bargaining Power of Buyers/Consumers

4.2.3 Bargaining Power of Suppliers

4.2.4 Threat of Substitute Products

4.2.5 Intensity of Competitive Rivalry