Automatic Tire Inflation System Market Surge at 9.7% CAGR to 2025

The Automatic Tire Inflation System Market was valued at US$ 988.6 Mn in 2017 and is projected to reach US$ 2029.9 Mn by 2025; it is expected to grow at a CAGR of 9.7% from 2019 to 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 market. Federal Motor Carrier Safety Administration (FMCSA) states that 10% longer tire life with 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. Tires are considered to be the second largest investments in the heavy duty trucks and commercial vehicles and hence the maintenance of these components is extremely critical for optimizing the vehicular operations for the fleet owners. It has been observed that, a tire loses 5% of air pressure while on the run for a week and deflated tires has 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 improved fuel economy of the vehicle apart from the tire maintenance costs.

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Companies Profiled in this report includes:  Continental AG, Dana Limited, STEMCO Products, Inc., Meritor, Inc., Hendriksson, Pressure Guard Systems, Haltec Corporation, Aperia Technologies, Inc., Tire Pressure Control, 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 pre-determined 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.

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Market Insights

Demand for Enhancing Fuel Efficiency

The demand for commercial vehicles has significantly increased over the years. Simultaneously, with the increase in demand for vehicle production, the requirement for technologies that optimizes the fuel efficiency of vehicles is also been experienced by the vehicle manufacturers and component/accessories manufacturers. The fuel efficiency depends upon various factors such as engine performance, distance traveled, and also tire condition. Underinflated tires create a larger surface area between the road or ground and tire, thereby enhancing the smoother maneuverability. However, this results in an increase in resistance power of rolling tires, which not only reduces fuel economy but also wears out the tires. Continuous monitoring and correcting the tire pressure helps in ensuring optimum vehicle performance.

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