Automatic Tire Inflation System Market Analysis to 2025; Michelin, STEMCO Products Inc., Tire Pressure Control, Meritor, Inc., and Hendriksson USA, LLC

The global automatic tire inflation system market is estimated to grow at a CAGR of 9.7% during the forecast period 2018 – 2025 and account for US$ 2,029.9 Mn by the year 2025.

A system that enables consistent monitoring of the air pressure in the tires and the subsequent action of inflating or deflating the tire as and when required depending upon the surface of the terrain is an automatic tire inflation system. The automatic tire inflation system market has witnessed high growths in the last few years owing to several advantages and regulations that make it mandatory to install, especially in the off-highway vehicles. As per the Federal Motor Carrier Safety Administration (FMCSA), 10% longer tire life is achieved with these automatic inflation systems. Also, it has been estimated that 1.4% average improvement in fuel economy per vehicle is possible when these technologies are in use. It has been observed that a tire loses 5% of air pressure while on the run for a week and deflated tires have been a major reason causing accidents of commercial trucks and trailers while transportation application. Also, the major advantage of an ATIS is that the ROI period for these systems is very quick and is perceived to be around 10-12 months. Integration of these systems can lead to the improved fuel economy of the vehicle apart from the tire maintenance costs.

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Top Dominating Key Players:

1. PressureGuard
2. Haltec Corporation
3. Aperia Technologies, Inc.
4. Continental AG
5. Dana Limited
6. Michelin

Under-inflated tires increase rolling resistance, which can not only reduce fuel economy but can also wear out tires and reduce vehicle safety through poor handling. Maintaining correct tire pressures and monitoring for uneven tire wear can help to ensure optimum vehicle performance. ATIS /CTIS offer a single solution to manage tire pressure, by automatically maintaining tire pressures within a predetermined range. These systems find major applications in off-road vehicles, commercial trucks and trailers, military vehicles, and agricultural tractors. The installations of ATIS majorly reduces the maintenance costs on the tire, reduces downtime of the tires, reduces wear & tear of the tires, and also result in fuel savings for the vehicle owner. Using ATIS to manage tire pressure not only reduces the number of manual tire pressure checks but also allows tire pressure to efficiently correspond to a variety of road terrains. These factors would further drive the automatic tire inflation system market.

The automatic tire inflation system market segmentation is done on the basis of vehicle type, and distribution channel. The automatic tire inflation system market has been segmented on the basis of vehicle type into utility vehicles, tractors and heavy duty vehicles. Also, the distribution channel segment for the automatic tire inflation system market has been bifurcated into OEM and aftermarket. On the basis of geography, the automatic tire inflation system market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).

Geographically the automatic tire inflation system market is presently dominated by developed regions including North America and Europe. Higher sales of heavy-duty commercial vehicles as well as owing to a booming construction sector, transportation sector, and the mining sector globally would demand higher integrations of ATIS into these systems. This growth coupled with the imposed regulations by the regulatory authorities across the globe and environmental agencies is anticipated to impact in unison for growing ATIS integrations at the automotive OEM end.

Reason to buy this report:

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the automatic tire inflation system market, thereby allowing players across the value chain to develop effective long term strategies

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East & Africa and South America.

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Table of Content:

1. INTRODUCTION 14
1.1 SCOPE OF THE STUDY 14
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14

2. KEY TAKEAWAYS 16

3. AUTOMATIC TIRE INFLATION SYSTEM MARKET LANDSCAPE 18
3.1 MARKET OVERVIEW 18
3.2 MARKET SEGMENTATION 19
3.2.1 Global Automatic Tire Inflation System Market – By Vehicle Type 20
3.2.2 Global Automatic Tire Inflation System Market – By Distribution Channel 20
3.2.3 Global Automatic Tire Inflation System Market – By Geography 21
3.3 PEST ANALYSIS 22
3.3.1 North America – PEST Analysis 22
3.3.2 Europe – PEST Analysis 24
3.3.3 Asia Pacific – PEST Analysis 26
3.3.4 Middle East and Africa – PEST Analysis 28
3.3.5 South America – PEST Analysis 30

4. AUTOMATIC TIRE INFLATION SYSTEM MARKET – KEY INDUSTRY DYNAMICS 32
4.1 KEY MARKET DRIVERS 32
4.1.1 Favourable Government Regulation 32
4.1.2 Demand for Enhancing Fuel Efficiency 32
4.1.3 Low Initial Cost and Easy Return on Investment 33
4.2 KEY MARKET RESTRAINTS 33
4.2.1 Lack of Awareness in the Developing Countries 33
4.3 KEY MARKET OPPORTUNITIES 34
4.3.1 Growing OEM Market for Automotive Tire Inflation Systems in Asia Pacific 34
4.4 FUTURE TRENDS 34
4.4.1 Integration of Smart Electronics is Anticipated to Garner the Adoption of Automatic Tire Inflation Systems 34
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 35

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