AUTOMATIC TIRE INFLATION SYSTEM MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The automatic tire inflation system market is estimated to be valued at USD 2.23 Bn in 2024, growing at a compound annual growth rate (CAGR) of 8.4% from 2024 to 2031.

Automatic tire inflation systems (ATIS) are onboard systems installed in vehicles to automatically adjust and maintain optimal tire pressure levels. They work by continuously monitoring individual tire pressure sensors and adjusting pressures using an onboard compressor and valves. Maintaining optimal tire pressure improves vehicle safety, handling, and fuel efficiency. It also prevents underinflation which can lead to uneven tire wear and an increased risk of blowouts. The system compensates for tire pressure loss caused due to factors like temperature change. The growing emphasis on vehicle safety, fuel efficiency, and preventive maintenance are expected to drive the adoption of ATIS across different vehicle types.

Market Dynamics:

The automatic tire inflation system market is driven by stringent fuel economy and vehicle safety regulations. Underinflated tires can decrease fuel economy by up to 3% and can also reduce tread life. ATIS help meet corporate average fuel economy (CAFE) standards. They also help prevent accidents caused due to tire failure at high speeds. However, high upfront costs remain a key challenge for mass adoption. Market players are focusing on solutions with advanced sensors and compact designs to make ATIS more affordable. The growing popularity of fleet management systems also provides an opportunity for the integration of ATIS. Commercial vehicles are a major application area due to their high mileage.

Key Features of the Study:

• This report provides an in-depth analysis of the global automatic tire inflation system market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global automatic tire inflation system market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Dana Limited, Goodyear, Hendrickson USA, L.L.C, Meritor, Inc., SAF-HOLLAND S.A., WABCO, Rotex Automation, STEMCo Products Inc., Haltec Corporation, TI Fluid Systems,  Michelin, Bremsen Technik Group (PSI), FTL/IDEX, Aperia Technologies inc., Airgo Systems, LLC, VIGIA, Trans Technologies, Continental, BFGoodrich, and Deere & Company.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global automatic tire inflation system market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global automatic tire inflation system market.

Market Segmentation

• By Type
  • Central Tire Inflation System
  • Continuous tire Inflation System
• By Vehicle Type
  • On-Highway Vehicle
    • Light Duty Vehicle
    • Heavy Duty Vehicle
  • Off-Highway Vehicle
    • Agriculture Tractors
    • Construction Equipment
• By Sales Channel
  • OEM
  • Aftermarket
• By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Key Players
  • Goodyear
  • Dana Limited.
  • Hendrickson USA, LLC.
  • Cummins-Meritor
  • SAF-HOLLAND S.A.
  • WABCO
  • Rotex Automation
  • STEMCO Products Inc.
  • Haltec Corporation
  • TI Fluid Systems
  • Michelin
  • Bremsen Technik Group (PSI)
  • FTL/IDEX
  • Aperia Technologies inc.
  • Airgo Systems, LLC
  • VIGIA
  • Trans Technologies
  • Continental
  • BFGoodrich
  • Deere & Company