In-Depth Analysis of the Global Automatic Tire Inflation System Market and Future Potential
According to a research report published by Spherical Insights & Consulting, the Global Automatic Tire Inflation System Market Size is Expected to Grow from USD 81.99 Million in 2023 to USD 228.9 Million by 2033, at a CAGR of 10.81% during the forecast period 2023-2033.
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An automatic tire inflation system is designed to regulate tire air pressure and in case of low air pressure, concurrently release surplus air pressure to the tire while the vehicle is in motion. Also, the automatic tire inflation system works in a robotic mechanism that reduces time-consuming and also a labor requirement. It is installed as part of working accessories in the industrial, maintenance, and customization of bicycles. Automotive automatic tire inflation systems are employed across many kinds of vehicle types, including military applications, commercial vehicles, and passenger cars, to increase tire longevity, safety, and fuel efficiency. A component including many sensors and electronics makes up an autonomous tire inflation system, which increases tire pressure for safety and effectiveness also an increasing technological advancement there is a need for automatic tire inflation systems, which eventually help to expand the market. However, the high initial cost of implementation of the system, which needs periodic maintenance could limit the market.
Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Automatic Tire Inflation System Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Central Tire Inflation, and Continuous Tire Inflation), By Vehicle Type (Commercial Vehicle, and Passenger Vehicle), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
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The central tire inflation segment is expected to hold the largest share of the global automatic tire inflation system market during the forecast period.
On the basis of product type, the global automatic tire inflation system market is segmented into central tire inflation and continuous tire inflation. Among these, the central tire inflation segment is expected to hold the largest share of the global automatic tire inflation system market during the forecast period. Central tire inflation system provides on-the-fly pressure alterations, perfect for application in terms of military vehicles, agricultural machinery, and off-road vehicles. its flexibility is suitable for enhancing the vehicle’s performance in challenging terrain surfaces, so this segment is a valuable solution for boosting market growth.
The commercial vehicle segment is anticipated to hold the largest share of the global automatic tire inflation system market during the projection period.
Based on the vehicle type, the global automatic tire inflation system market is categorized into commercial vehicles and passenger vehicles. Among these, the commercial vehicle segment is anticipated to hold the largest share of the global automatic tire inflation system market during the projection period. Commercial navies benefit from automatic tire inflation systems because they save tire wear, improve fuel efficiency, and maintain constant tire pressure hence, naval managers prioritize for more need of (ATIS) for cost reduction and safety along with fuel efficiency, which gradually saves maintenance costs, and guarantees safer operations.
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North America is anticipated to hold the largest share of the global automatic tire inflation system market during the forecast period.
North America is growing in the mining industry and rapid growth in the construction industry so, there is an increasing need for automatic tire inflation systems in commercial and off-road vehicles. This can be attributed to the extremely strong automobile manufacturing existing in this region, and it is a center for many automotive industry manufacturers. Therefore, there has been a high requirement of (ATIS) for fuel economy, prolonged tire life, and vehicle comfort.
Asia Pacific is expected to grow at the fastest pace in the global automatic tire inflation system market during the forecast period. Asia Pacific is considered as developing hub for automotive and logistic industries in trade transactions along with India and China has increasingly developed in the automobile industry. So, the region opens new opportunities for expanding the market.
Competitive Analysis
The report offers the appropriate analysis of the key organizations/companies involved within the global hemato oncology testing market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market. Major vendors in the global automatic tire inflation system market are Aperia Technology Inc., Parker Hannifin Corporation, Meritor Inc., Dana Limited, SAF HOLLAND SE, Hendrickson USA, FTL INDEX, Bigfoot Equipment LTD, ti Systems GmbH, Goodyear Tire & Rubber Co., Michelin, Bremsen Technik Group, FTL/IDEX, VIGIA, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting and Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Development
- In July 2024, Goodyear Tire & Rubber Co. unveiled its new tires-as-a-service (TaaS) offering. This subscription-based solution combines Goodyear’s premium tires, predictive insights, and extensive service network into one comprehensive package.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global automatic tire inflation system market based on the below-mentioned segments:
Global Automatic Tire Inflation System Market, By Product Type
- Central Tire Inflation
- Continuous Tire Inflation
Global Automatic Tire Inflation System Market, By Vehicle Type
- Commercial Vehicle
- Passenger Vehicle
Global Automatic Tire Inflation System Market, Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company’s mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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