Global Automotive Automatic Tire Inflation System Market, By Product Type (Central Tire Inflation, Continuous Tire Inflation), Application (Light Duty Vehicle, Heavy Duty Vehicles), Sales Channel (OEM, Aftermarket) – Industry Trends and Forecast to 2030.
Automotive Automatic Tire Inflation System Market Analysis and Size
The automotive automatic tire inflation system market refers to the global or regional marketplace where various parts and accessories used in the manufacturing, maintenance, and customization of bicycles are bought and sold.
Data Bridge Market Research analyses that the automotive automatic tire inflation system market which was USD 713 million in 2022, would rocket up to USD 2,262.9 million by 2030, and is expected to undergo a CAGR of 13.3% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Automotive Automatic Tire Inflation System Market Scope and Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2023 to 2030
|
|
Base Year
|
2022
|
|
Historic Years
|
2021 (Customizable to 2015-2020)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
Product Type (Central Tire Inflation, Continuous Tire Inflation), Application (Light Duty Vehicle, Heavy Duty Vehicles), Sales Channel (OEM, Aftermarket)
|
|
Countries Covered
|
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America.
|
|
Market Players Covered
|
Aperia Technology Inc (U.S.), Parker Hannifin Corporation (U.S.), Meritor Inc (U.S.), Dana Limited (U.S.), SAF HOLLAND SE (Germany), Hendrickson USA (U.S.) , FTL IDEX (U.K.), Bigfoot Equipment LTD (New Zealand), ti systems GmbH (Germany), Goodyear Tire & Rubber Co. (U.S.)
|
|
Market Opportunities
|
|
Market Definition
The global automotive automatic tire inflation system (ATIS) market pertains to the industry involved in the production and distribution of systems designed to monitor and regulate tire pressure in vehicles automatically. These systems are used across various vehicle types, including passenger cars, commercial vehicles, and military applications, to enhance safety, fuel efficiency, and tire longevity. The market spans diverse geographic regions and is driven by factors such as regulatory compliance, technological advancements, and a growing focus on vehicle performance and environmental concerns. Key players in the market manufacture, install, and service ATIS products to cater to consumer, commercial, and military vehicle needs
Global Automotive Automatic Tire Inflation System Market
Drivers
- Safety Regulations and Standards
Stringent safety regulations and standards in various countries have been pushing automotive manufacturers to incorporate advanced safety features, including tire inflation systems, to reduce accidents caused by underinflated tires
-
Fuel Efficiency
Improving fuel efficiency is a priority for both consumers and automakers. Properly inflated tires reduce rolling resistance, which can lead to improved fuel economy. As a result, ATIS can help automakers meet stringent fuel efficiency standards
-
Tire Maintenance Cost Reduction
ATIS helps prolong tire life by ensuring that tires are properly inflated. This reduces the frequency of tire replacements and maintenance costs for vehicle owners
Opportunity
- Energy Off-Road and Commercial Vehicles
The adoption of ATIS is increasing in off-road and commercial vehicles, such as trucks, buses, and construction equipment, to ensure tire pressure is maintained in rugged terrains, thereby enhancing vehicle performance and reducing downtime
Restraints/Challenges
- High Initial Cost
One of the primary challenges for ATIS adoption is the relatively high initial cost of purchasing and installing the system. This can deter some vehicle owners and manufacturers, especially in price-sensitive markets.
-
Maintenance and Repairs
ATIS systems require regular maintenance and occasional repairs to ensure they function correctly. This adds to the overall cost of ownership and can be a challenge for some users
Recent Development
- In February 2022, Tesla patented the first ever on-the-go tire inflation system catering to both passenger cars and commercial vehicles. The upcoming semi-truck is also expected to be compatible with this system
- in September 2021, Hendrickson USA, LLC developed the TIREMAXX PRO-LB to eliminate the guesswork of tire pressure management by monitoring air spring pressure and responding automatically to changing loads
Global Automotive Automatic Tire Inflation System Market Scope
The automotive automatic tire inflation system market is segmented on the basis of product type, application, and sales channel. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Central Tire Inflation
- Continuous Tire Inflation
Application
- Light Duty Vehicle
- Heavy Duty Vehicles
Sales Channel
- OEM
- Aftermarket
Automotive Automatic Tire Inflation System Market Regional Analysis/Insights
The automotive automatic tire inflation system market is analyzed and market size insights and trends are provided by product type, application, and sales channel as referenced above.
The countries covered in the automotive automatic tire inflation system market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, 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), Brazil, Argentina and Rest of South America as part of South America
North America dominates the automotive automatic tire inflation system market because of its advanced technological infrastructure and high adoption of smart city initiatives, strong presence of major players in the market and rising number of research activities in this region.
Asia-Pacific is expected to witness significant growth during the forecast period of 2023 to 2030 due to of rapid urbanization, increasing infrastructure development, and the adoption of advanced technologies in countries such as China, Japan, and India. In addition, the region's expanding automotive and consumer electronics industries contribute to the growing demand for infrared LED lighting solutions. Furthermore, favourable government initiatives and investments in smart city projects further drive the market growth in the Asia-Pacific 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 such as down-stream and up-stream 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 Automotive Automatic Tire Inflation System Market Share Analysis
The automotive 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, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the company’s focus related to automotive automatic tire inflation system market.
Some of the major players operating in the automotive automatic tire inflation system market are:
- Aperia Technology Inc (U.S.)
- Parker Hannifin Corporation (U.S.)
- Meritor Inc (U.S.)
- Dana Limited (U.S.)
- SAF HOLLAND SE (Germany)
- Hendrickson USA (U.S.)
- FTL IDEX (U.K.)
- Bigfoot Equipment LTD (New Zealand)
- ti systems GmbH (Germany)
- Goodyear Tire & Rubber Co. (U.S.)
SKU-