Global Automatic Tire Inflation System Market Size, Share, Growth and Forecast Period 2017-2027

This research report offers a comprehensive analysis of the “Automatic Tire Inflation System Market: Utility Vehicles to Lead in Terms of Value Share Through 2027: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027“The main objective of this report is to deliver insightful information and clear-cut facts pertaining to the growth trajectories of the market.

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Rise in concerns related to air leakage expected to boost growth of the automatic tire inflation system market

There are a lot of factors contributing to the growth of global automatic tire inflation system market. The market is anticipated to witness a steady growth during the forecast period 2017-2027. The global automatic tire inflation system market is expected to rise at a CAGR of 5.6% and reach a market revenue of over US$ 2,700 Mn by the end of 2027. The importance of automatic tire inflation can be attributed to a growing awareness related to greenhouse gas emissions among people. The government and people especially in North America and Western Europe are following stringent policies implemented to avoid greenhouse gas emissions. The U.S. National Highway Traffic Safety Administration and Environmental Protection Agency jointly proposed a new set of fuel efficiency and greenhouse gas rules for medium as well as heavy duty trucks. The proposal covered the model year 2014 – 2018 heavy vehicles such as large pickup trucks, large work trucks such as tractor-trailers and concrete mixers, buses, and vans that might be integrated with engine combustion controls, low-rolling-resistant tires, aerodynamic improvements, and advanced transmissions. Furthermore, the development and deployment of advanced cost-effective technologies will promote a new generation of cleaner, and more efficient trucks and trailers.

Inclination towards expenditure on military vehicles

The utility vehicles segment is estimated to dominate the global automatic tire inflation system market and account for just under 50% of the total market share owing to an increasing focus of governments across the globe to spend on military vehicles. The heavy commercial trucks & trailers segment is estimated to register substantial growth in terms of value during the forecast period. The utility vehicles segment is estimated to account for over 45% of the total incremental $ opportunity created between 2017 and 2027.

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The global automatic tire inflation system market is largely helped by the rise in demand for efficient military vehicles. The utility vehicles segment is estimated to hold significant share in the global market owing to a high degree of contact between tire and rough terrain that can lead to air leakage, which is a prime concern to military outfits. The demand for these vehicles has increased immensely due to increase in investments on military vehicles and rise in focus on better safety of military vehicles. Military vehicles are the major applications where the automatic tire inflation system is used due to the requirement of better safety and efficient operations in the war field to prevent any leakage. In the Middle East & Africa and Asia Pacific excluding Japan, automatic tire inflation systems are used in military vehicles and a very small share goes to commercial vehicles and tractors due to the high-cost factor involved.

Regional analysis of the global automatic tire inflation system market

Middle East & Africa is estimated to register 2.0x times growth in market size during the forecast period. Whereas North America and Latin America top the market with maximum projected revenue during the forecast period. Countries of Latin America accounted for 7.8% of the global market in 2016 and the region is expected to attain a market share of 8.2% by 2027. With the growing population, increasing agricultural sector and expanding economy, Mexico is likely to enhance its capabilities in terms of the agricultural sector and there is an increased awareness regarding the installation of automatic tire inflation systems in tractors and trailers across the region. This, in turn, is expected to create momentum in the automatic tire inflation system market. The automatic tire inflation system market in Brazil is likely to show positive growth in the upcoming years, even as Brazil continues to strengthen its military fleet. Economic growth in Argentina will most likely shift the interest of truck manufactures and aftermarket players towards the installation of automatic tire inflation systems.

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