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