Global Automatic Tire Inflation System Market, By Type (Central Tire Inflation System, Continuous Tire Inflation System), Component (Air Delivery System, Buffer Tank, Compressor, ECU, Housing, Pressure Sensor, Rotary Union), On-Highway Vehicle (Passenger Car, Commercial Vehicle), Off-Highway Vehicle (Agricultural Vehicles, Construction Vehicles), Electric Vehicles (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle, Fuel Cell Electric Vehicle), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automatic Tire Inflation System Market
The automatic tire inflation system market is expected to witness market growth at a rate of 8.40% in the forecast period of 2021 to 2028 and is expected to reach USD 18,990.17 million by 2028. Data Bridge Market Research report on automatic tire inflation system market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rising demand for fuels and need to increasing the life span of tires is escalating the growth of automatic tire inflation system market.
Tire inflation refers to the maintenance of air pressure inside a tire. The proper inflation of a tire plays a crucial role while driving a vehicle safely. This modern tire inflation system assists in maintaining right tire pressure which varies depending on vehicle type, vehicle load, size and type of tire and road surface. These are utilized to inflate and deflate the tires when their levels are below or above the optimum levels and defined according to the applicable vehicles. This decreases the time for the processes of inflation and deflation of tires along with declining the time of roadside inspection of vehicles.
The rise in demand for the automatic tire inflation system especially in the emerging economies owning to its several advantages such as better fuel efficiency and enhanced life span of tires and growth of vehicle automation are the major factors driving the automatic tire inflation system market. The growth concerns regarding vehicle safety and the increasing rate of adoption of the autonomous system as it is known to reduce time for the inflation and deflation processes of tires and curb down repairing cost accelerate the automatic tire inflation system market growth. The expansion of vehicle electrification, rise in demand for remote diagnostics systems and growing vehicle connectivity globally also influence the automatic tire inflation system market. Additionally, increasing demand for fuel, fading existence of conventional fuels, improved socio-economic conditions, change in consumer’s preferences and rise in disposable income levels positively affect the automatic tire inflation system market. Furthermore, the rise in demand for enhancing productivity and decreasing downtime of vehicles and favorable government regulations regarding tire inflation extend profitable opportunities to the automatic tire inflation system market players in the forecast period in the forecast period of 2021 to 2028.
On the other hand, increasing consumer preference towards tubeless and nitrogen tires is expected to obstruct the automatic tire inflation system market growth. The high cost of the autonomous system and lack of awareness about the system in the consumers are factors projected to challenge the automatic tire inflation system market in the forecast period of 2021-2028.
This automatic tire inflation system market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on electric glider market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Automatic Tire Inflation System Market Scope and Market Size
The automatic tire inflation system market is segmented on the basis of type, component, on-highway vehicle, off-highway vehicle and electric vehicles. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of type, the automatic tire inflation system market is segmented into central tire inflation system and continuous tire inflation system.
- On the basis of component, the automatic tire inflation system market is segmented into air delivery system, buffer tank, compressor, ECU, housing, pressure sensor and rotary union.
- On the basis of on-highway vehicle, the automatic tire inflation system market is segmented into passenger car and commercial vehicle.
- On the basis of off-highway vehicle, the automatic tire inflation system market is segmented into agricultural vehicles and construction vehicles.
- On the basis of electric vehicles, the automatic tire inflation system market is segmented into hybrid electric vehicle, plug-in hybrid electric vehicle, battery electric vehicle and fuel cell electric vehicle.
Global Automatic Tire Inflation System Market Country Level Analysis
The automatic tire inflation system market is analyzed and market size, volume information is provided by country, type, component, on-highway vehicle, off-highway vehicle and electric vehicles as referenced above.
The countries covered in the global automatic tire inflation system market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the automatic tire inflation system market during the forecast period of 2021 to 2028 because of the increasing demand for commercial and off-road vehicles, expansion of mining industry and construction industry and growth of agriculture sector in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automatic Tire Inflation System Market Share Analysis
The automatic tire inflation system market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automatic tire inflation system market.
The major players covered in the automatic tire inflation system market report are SAF-HOLLAND S.A., Continental AG, WABCO, ENPRO INDUSTRIES PVT. LTD., MICHELIN, The Goodyear Tire & Rubber Company, Bridgestone Corporation, Dana Limited, IDEX, Hendrickson USA L.L.C., Aperia Technologies Inc., Haltec Corporation, CODA DEVELOPMENT, Pirelli & C. S.p.A., Pressure Systems International Inc., Opladen LLC Vigia USA, ti.systems GmbH, Trans Technologies Company, Servitech, Velociti Inc., Tibus Offroad Ltd. & Co. KG, Téléflow, Bigfoot equipment LTD, and Chet's Professional Services pty ltd. among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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