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Automatic Tire Inflation System Market By Product Type (Central and Continuous), By Vehicle Type (Passenger Cars and Commercial Vehicles), By Sales Channel (OEMs and Aftermarket) - Growth, Future Prospects and Competitive Landscape, 2019 – 2027

The global automatic tire inflation system market is expected to reach US$ 2283 million with a CAGR of 11.54% during the forecast period from 2019 to 2027. The automatic tire inflation system (ATIS) is used to maintain appropriate air pressure on each tire of a vehicle. An underinflated tire pressure can be dangerous for people as well as for the vehicle.

If the air pressure is low, a larger surface of the tire touches the road, which thereby increases tire friction. This increased friction overheats the tire and could lead to tread separation and blowouts. Thus, under-inflation can cause early tire failure and increase the chances of a mishap. The automatic tire inflation system (ATIS) has the ability to cure this problem of underinflation in a particular tire.

It is used to maintain proper air pressure throughout the journey and helps in minimizing the risk of an accident. Growing awareness about improving vehicle efficiency and pushes from governments of various countries, such as the US and UK, for mandatory installation of tire pressure monitoring systems are some of the major factors driving the global automatic tire inflation system market.

According to the National Highway Traffic Safety Administration (NHTSA), an underinflated tire is a major cause of accidents in the U.S. In 2017, there were 738 deaths in tire-related crashes. Moreover, an underinflated tire can decrease the fuel economy of a vehicle. As per the NHTSA study, only 19% of consumers properly inflate their tires. This practice can save almost 11 cents on each gallon of fuel used by a vehicle. In addition to this, a properly inflated tire can add approximately 4700 miles to the average life of a tire.

In times of extreme braking situations, an underinflated tire can easily deform. Also, in the case of an overinflated tire, less area is in contact with the surface due to the bulging of the central portion of the tire. This results in a longer stopping distance for the vehicle than in normal conditions where the tires are correctly pressurized.

Longer stopping distance increases the chances of a mishap, which can be avoided by maintaining proper tire pressure using an automatic tire inflation system. As a result, to avoid accident rates and mishaps of vehicles, automatic tire inflation systems have gained immense popularity. This, in turn, is boosting the market for automatic tire inflation systems worldwide.

Market Snapshot

Central Tire Inflation System accounted for the largest market share in 2018.

The central tire inflation system (CTIS) is mostly used in commercial vehicles such as trucks, tractors, buses, and coaches. Unlike continuous tire inflation systems, central tire inflation systems offer better flexibility with the monitoring of pressure in all tires of a vehicle. As per the terrain of the road, the driver has the onboard facility to adjust the tire pressure in the central tire inflation system type.

On the contrary, the continuous tire inflation system, mostly used in trailers, does not provide flexibility in comparison to its counterpart since it is responsible for maintaining the preset constant pressure. With this system, the driver has no ability to change or check tire pressure from the cabin.

In comparison, CTIS can compensate for minor leaks on tires and reduce downtime by continuing the operation of the vehicle. Considering the aforementioned factors, the central tire inflation system is expected to grow at a significant rate during the forecast period from 2019 to 2027.

North America Registered the Largest Market Share in 2018

In 2018, North America led the automatic tire inflation system market worldwide. The region is expected to witness a considerable amount of growth during the forecast period from 2019 to 2027. North America is home to a number of automatic tire inflation system manufacturing companies like Stemco Products Inc., Pressure Systems International Inc., Dana Limited, Aperia Technologies Inc., etc., among others.

These companies are investing in R&D to innovate their existing products and are also focusing on developing new products to increase their capability for tire maintenance. For instance, in March 2019, Aperia Technologies, Inc. introduced their new product Halo Connect, which will use a machine learning algorithm to virtually eliminate tire-related downtime.

Furthermore, regulations such as the Transportation Recall Enhancement Accountability Documentation (TREAD) Act of the USA require the installation of tire pressure monitoring systems in new passenger cars and light trucks.

Competitive Insights

Major players profiled in the automatic tire inflation system market include Stemco Products Inc., Pressure Systems International, Inc., Dana Limited, Haltec Corporation, and ti. Systems GmbH, PressureGuard, Precision Inflation LLC, Hendrickson USA, L.L.C., Meritor, Inc., Aperia Technologies, Inc., Michelin North America, Inc., etc., among others. These companies are entering into partnerships and acquiring other players to increase their market strength. For instance, in April 2017, ATIS manufacturer Pressure Systems International, Inc. announced the acquisition of Truck System Technologies, Inc. (TST), a provider of tire pressure monitoring systems. This acquisition will help to increase the company's portfolio and increase its market share.

Historical and Forecast Period

The research report presents the analysis of each segment from 2017 to 2027,considering 2018as the base year for the research. The compound annual growth rate (CAGR) for each of the respective segments is calculated for the forecast period from 2019 to 2027.

Report Scope by Segments

The automatic tire inflation system market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of the global automatic tire inflation system market based on product type, vehicle type, sales channel, and geography. Key segments covered in the report are as follows:

Key questions are answered in this report.

  • What was the size of the market for automatic tire inflation systems in 2018, and what is the forecast up to 2027?
  • What are the key factors driving the global market for automatic tire inflation systems?
  • What are the key market trends and high-growth opportunities observed in the automatic tire inflation system market?
  • Which is the largest regional market for automatic tire inflation systems?
  • Which segment will grow at a faster pace? Why?
  • Which region will drive the market's growth? Why?
  • Which players are leading the automatic tire inflation system market?
  • What are the sustainability strategies adopted by the key players operating in the market?

Frequently Asked Question:

The market for Automatic Tire Inflation System Market is expected to reach USD$ 2283 Mn in 2027.

The Automatic Tire Inflation System Market is expected to see significant CAGR growth over the coming years, at 11.54% .

The report is forecasted from 2019 -2027.

The base year of this report is 2018.

Hendrickson USA, L.L.C., Meritor, Inc., Aperia Technologies, Inc., Michelin North America, Inc.are some of the major players in the global market.

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Trusted By
Godaddy
Published Date:  Aug 2019
Category:  Technology & Media
Report ID:   59842
Report Format:   PDF
Pages:   120
Rating:    4.2 (58)
Delivery Time: 24 Hours to 48 Hours   
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