Automatic Tire Inflation System Market Poised for Steady Growth in the Future

The evolving requirements of the automobile market is shifting the focus of manufacturers towards improving off road characteristics of different types of vehicles. Specially catering to the commercial vehicle segment such as trailers and trucks, manufacturers are refining fuel economy by regulating tire pressure to adjust on different terrains and support dynamic cargo loads. Automatic tire inflation systems aid in monitoring and adjusting the pressurized air inside the tire while the vehicle is moving. The system allows modulating tire pressure to suit different needs; a relatively lower pressure tire allows better traction and easier manoeuvrability on smoother terrains. The automatic tire inflation system also prevents under inflation of the tire, which causes excessive wear & tear and involves high maintenance cost. Automatic tire inflation system uses vehicle’s own air brake compressor to supply air to all the tires. The pressure is set at pre-selected tire pressure depending upon the driving surface and environmental conditions, such as in case of an inconsistency between vehicle speed and pressure, the monitoring circuit notifies the driver about the anomaly and automatically adjust minor air loss or pressure in the tire. The utilization of automatic tire inflation system drastically reduces the physical labour of checking tire pressure manually and time required for maintenance. The commercial adoption of automatic tire inflation system for trailers and trucks has been relatively new. The integration of automatic tire inflation system for military application is now in the mainstream, moreover, automatic tire inflation systems are also increasingly used in mining and agriculture sectors.

Global Automatic Tire Inflation System Market: Market Dynamics

The efficiency of automatic tire inflation system is reflected in the increased tire life by a minimum of 10 to 15 percent. Along with extended life, the adoption of automatic tire inflation system can create a fuel saving of 100 gallons and elimination of 1 metric tonne greenhouse gas emission for long-haul combination truck as defined by the U.S. environmental protection agency. With introduction of stringent regulations, catering fuel and emission saving for commercial vehicles, the demand for automatic tire inflation system market is expected to increase. Though the total cost of a system is recouped within 2-3 years, the additional equipment cost acts as a challenge to the automatic tire inflation system market in some key markets.

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Global Automatic Tire Inflation System Market: Segmentation

By vehicle type, the automatic tire inflation system market can be segmented as,

Tractors

Heavy Commercial Trucks and Trailers

Utility Vehicles

On the basis of sales channel, the automatic tire inflation system market is segmented as,

OEM

Aftermarket

Hub Caps

Hoses

Axle and Wheel Components

Others (retrofit kits, controller unit, plug kits etc.)

Global Automatic Tire Inflation System Market: Regional Outlook

Currently, North America automatic tire inflation system market spearheaded by the U.S accounts for majority of the share in terms of market revenue followed by Western Europe. Increasing adoption of heavy vehicles including trailer and trucks is expected to significantly boost the revenue sales of the market after 2018. Owing to the increasing fleet size, the emerging transport and mining industry, in Asia Pacific, the automatic tire inflation system market is expected to represent relatively higher revenue opportunities during the forecast period. The revenue growth of automatic tire inflation system market in the Middle East & Africa, Latin America and Eastern Europe is expected to be relatively lower throughout the forecast period owing to the limited adoption of automatic tire inflation systems.

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Global Automatic Tire Inflation System Market: Market Participants

Examples of some of the market participants in the globalautomatic tire inflation system market include Dana Limited, Meritor, Inc, STEMCO lp (EnPro Industries, Inc.), Nexter Group, Precision Inflation LLC, Tire Pressure Control International Ltd., Haltec Corporation, PressureGuard (Servitech Industries, Inc.), PTG Reifendruckregelsysteme GmbH, Airgo Systems, LLC (The Dominion Group),Hendrickson USA, L.L.C., and Aperia Technologies, Inc. among other key participants in the global automatic tire inflation system market.

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This release was published on openPR.