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Automatic Tire Inflation System Market to Grow at a CAGR of 9.7% to reach US$ 2,029.9 Mn to 2025

11-15-2022 09:51 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: The Insight Partners

Automatic Tire Inflation System Market to Grow at a CAGR of 9.7%

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

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The scope of the Automatic Tire Inflation System Market Report:

The research report focuses on the current market trends, opportunities, future potential of the market, and competition in the Automatic Tire Inflation System in North America, Europe, Asia-Pacific, Middle East & Africa, and South America. The study also provides market insights and analysis of the Automatic Tire Inflation System, highlighting the technological market trends, adoption rate, industry dynamics, and competitive analysis of major players in the industry.

Automatic Tire Inflation System: Market Insights
Growing Demand for Commercial Vehicles Fuels Growth of Automatic Tire Inflation System Market

Currently, 55% of the world's population lives in cities, which is anticipated to rise to 68% by 2050. According to a new United Nations data set released, urbanization or a gradual movement of humans from rural to urban areas, combined with the global population growth, could propel the urban population by 2.5 billion by 2050, and Asia and Africa would account for ~90% of this increase. 

Major highlights of the report:

All-inclusive evaluation of the parent market
Evolution of significant market aspects
Industry-wide investigation of market segments
Assessment of market value and volume in past, present, and forecast years
Evaluation of market share
Tactical approaches of market leaders
Lucrative strategies to help companies strengthen their position in the market

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Major key players covered in this Automatic Tire Inflation System Market report:

PressureGuard
Haltec Corporation
Aperia Technologies, Inc.
Continental AG
Dana Limited
Michelin
STEMCO Products Inc.
Tire Pressure Control
Meritor, Inc.
Hendriksson USA, LLC

Automatic Tire Inflation System Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Reason to Buy

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global Automatic Tire Inflation System Market.
Highlights key business priorities in order to guide the companies to reform their business strategies and establish themselves in the wide geography.
The key findings and recommendations highlight crucial progressive industry trends in the Automatic Tire Inflation System Market, thereby allowing players to develop effective long-term strategies in order to garner their market revenue. 
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 restraining the growth at a certain extent.

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Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Contact Us:

If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi

E-mail: sales@theinsightpartners.com

Phone: +1-646-491-9876

About Us:

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

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