Automatic Tire Inflation System Market is Expected to Increase at a CAGR of 5.6% During 2017-2027

FMI delivers key insights on the global automatic tire inflation system market in its latest report titled ‘Automatic Tire Inflation System Market: Global Industry Analysis 2012-2016 and Opportunity Assessment 2017-2027’. The long-term outlook on the global automatic tire inflation system market remains positive with the market value expected to increase at a CAGR of 5.6% during the forecast period (2017-2027). Among vehicle types, the utility vehicles segment is expected to expand at a significant CAGR in terms of value over the forecast period. The utility vehicles segment of the global automatic tire inflation system market is estimated to hold more than a 45% share throughout the forecast period. Western Europe accounted for a value share of 36.7% in the global automatic tire inflation system market by 2017 end and is projected to be the most prominent region during the forecast period. In this report, FMI throws light on drivers and restraints likely to impact the market during this period.

A sample of this report is available upon request @ https://www.futuremarketinsights.com/reports/sample/rep-gb-2733

Growing Military Vehicle Production and Sales to Drive the Automatic Tire Inflation System Market in North America and Western Europe

The rise in the production and sales of military vehicles has boosted the demand for automatic tire inflation systems. Hefty investments in military applications, coupled with governmental regulations, bolster the automatic tire inflation system market. A number of U.S. military vehicles are installed with central tire inflation systems, which include heavy equipment transports, palletized load carriers and high-mobility tactical vehicles. Furthermore, the installation of automatic tire inflation systems in trailers over the coming years is expected to increase, which will eventually lead to the growth of the North America automatic tire inflation system market. Western Europe accounts for a significant market share in terms of use of automatic tire inflation systems in areas such as agriculture, forestry and mining. With growing demand and environmental concerns to minimize fuel consumption, the necessity for the development of fuel efficient systems is a key concern that in turn reinforces the automatic tire inflation system market.

Segmentation Analysis of the Automatic Tire Inflation System Market

The automatic tire inflation system market has been segmented on the basis of vehicle type and sales channel.

Utility vehicles are projected to continue to lead the market in terms of value over the forecast period. The utility vehicle segment of the automatic tire inflation system market is estimated to grow at a significant CAGR over the forecast period. It is expected to represent a total incremental opportunity of US$ 543.9 Mn between 2017 and 2027. The heavy commercial vehicle (HCV) segment is projected to grow at a relatively high CAGR as compared to other vehicle type segments over the forecast period

In terms of value, aftermarket is projected to be the most prominent sales channel in the automatic tire inflation system market. The aftermarket sales channel comprises systems as well as components. The combined market share of aftermarket systems and components is estimated to be more than 50% in the automatic tire inflation system market. The aftermarket segment is estimated to grow at a significant CAGR of 5.8% in terms of value over the forecast period

Regional Market Projections of the Automatic Tire Inflation System Market

The automatic tire inflation system market in Western Europe is expected to represent a significantly high incremental opportunity between 2017 and 2027. The market of automatic tire inflation systems in Western Europe is expected to represent a total incremental opportunity of US$ 352 Mn between 2017 and 2027.

To view TOC of this report is available upon request @ https://www.futuremarketinsights.com/askus/rep-gb-2733

Automatic Tire Inflation System Market: Companies

The report highlights some of the top companies operating in the automatic tire inflation system market, such as Col-Ven S.A., FTL Technology Limited, AIR CTI, Tibus Offroad Ltd. & Co. KG, Bigfoot Equipment Ltd., ti.systems GmbH, Aperia Technologies Inc., PTG Reifendruckregelsysteme GmbH, Tire Pressure Control International Ltd., Hendrickson USA LLC, Servitech Industries Inc., Nexter Group, EnPro Industries Inc., Meritor Inc., and Dana Incorporated.

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This release was published on openPR.