Press release
Automatic Tire Inflation System Market 2020 is Expected to Reach at USD 1797.31 million by 2027 with a CAGR of 8.63% | Global Players Like- SAF-HOLLAND S.A., Continental AG, WABCO, ENPRO INDUSTRIES PVT. LTD
Automatic Tire Inflation System
Global Automatic Tire Inflation System Market is expected to rise from its initial estimated value of USD 926.88 million in 2018 to an estimated value of USD 1797.31 million by 2026, registering a CAGR of 8.63% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased concern regarding the safety of life and vehicles.
Automatic tire inflation systems are used for the inflation and deflation of tires when their levels are below or above the optimum levels as defined according to the applicable vehicles. It is used for the reduction in time for the inflation and deflation process of tires, as well as reducing the time of roadside inspection of vehicles.
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Market Drivers:
• Increase in fuel efficiency and life of the tires due to the usage of these systems is expected to drive the market growth
• Increase in concern for safety of the vehicle and driver is also expected to drive the market growth
Market Restraints:
• Adoption of tubeless and nitrogen tires is expected to restrain the market growth
• High cost of these systems is also expected to act as a restraint to the market growth
Major Market Players Covered in the Automatic Tire Inflation System Market Are:
Few of the major competitors currently working in the automatic tire inflation system 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.
Key Developments in the Market:
• In March 2018, SAF-HOLLAND S.A. announced the introduction of “Tire Pilot Plus System” aimed at measuring over and under inflation of tires continuously and warning the driver of the vehicle regarding the same.
• In September, 2017 Continental AG announced the introduction of a system for the external monitoring of inflation levels of tires of vehicles. The process contains the sensors being integrated into the tires and monitoring being carried out through an external source. The system is applicable on trucks, buses and various bigger vehicles.
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Global Automatic Tire Inflation System Market Scope and Segments
• By Type
o Central Tire Inflation System
o Continuous Tire Inflation System
• By Component
o Air Delivery System
o Buffer Tank
o Compressor
o Electronic Control Unit (ECU)
o Housing
o Pressure Sensor
o Rotary Union
Regional Analysis
• Middle East and Africa
• North America
• South America
• Europe
• Asia-Pacific
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Strategic Points Covered in Table of Content of Global Automatic Tire Inflation System Market:
1. Introduction
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
8. Delivery
9. Industry Type
10. Geography
11. Company Landscape
12. Company Profiles
13. Related Reports
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