Automatic Tire Inflation System Market by Type (Central, Continuous), Component (ECU, Compressor, Pressure sensor), On-Highway Vehicle (PC and CV), Off-Highway Vehicle (Agriculture and Construction) and by Region, Global Forecast, 2018 to 2028
Jan 2021
Total Pages: 100
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The automatic tire inflation system market was valued at USD 851.0 million in 2017 at a CAGR of 8.78% Growing demand for automatic tyre inflation systems due to increasing customer and vendor safety issues, combined with the ability of automatic tyre inflation systems to inflate tyres and reduce automatic tire-related harm, are significant factors that are expected to drive growth in the global market for automatic tyre inflation systems.
Furthermore, due to its ability to sustain tyre pressure as required, the growing demand for automated tyre inflation systems is another factor expected to help the growth of the target market over the forecast period. Increased tyre life is determined by a sufficiently inflated tyre. Normally, at a particular load, tyres can work. There is a high load on tyres for heavy vehicles such as tractors and trucks, which reduces their tyre life. As per the Doran Manufacturing (US) study, tyre life is shortened by 30 percent when tyres are 20 percent underinflated.
Every year, the number of injuries is rising, especially those caused by damaged tyres. Automatic tyre inflation systems can avoid injuries due to tyre damage, as they automatically inflate the tyre and prevent damage. These trends are boosting the growth of the passenger car industry.
Key Segments of the Global Automatic tire inflation system Market
Type Overview, 2018-2028 (USD Billion) (Tons)
- Central
- Continuous
Component Overview, 2018-2028 (USD Billion) (Tons)
- ECU
- Compressor
- Pressure sensor
On-Highway Vehicle Overview, 2018-2028 (USD Billion) (Tons)
- PC
- CV
Off-Highway Vehicle Overview, 2018-2028 (USD Billion) (Tons)
- Agriculture
- Construction
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the
- Automatic tire inflation system market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the Automatic tire inflation system market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Automatic tire inflation system industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on type, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the Automatic tire inflation system market. The report will benefit: Every stakeholder involved in the Automatic tire inflation system market.
- Managers within the Automatic tire inflation system industry looking to publish recent and forecasted statistics about the Automatic tire inflation system market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of Automatic tire inflation system market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
the number of injuries is rising, especially those caused by damaged tyres. Automatic tyre inflation systems can avoid injuries due to tyre damage, as they automatically inflate the tyre and prevent damage. These trends are boosting the growth of the passenger car industry.
The demand for the automatic tyre inflation system has been segmented into a central and continuous tyre inflation scheme by form. It is estimated that the central tyre inflation system, by form, is the largest segment of the industry. The demand is driven by benefits such as high fuel consumption and improved protection. Smooth driving conditions for the driver are given by central tyre inflation systems. For the inflation and deflation of tyres, automatic tyre inflation systems are used when their levels are below or above the optimal levels as specified by the relevant automobiles. It is used to reduce the time needed for the tyre inflation and deflation process and to decrease the time required for roadside vehicle inspection.
Type Segment
The Central Tire Inflation System (CTIS) changes the tyre pressure automatically according to road conditions. In general, the air pressure in a tyre is balanced by CTIS to form a larger contact area between the tyre and the pavement, resulting in seamless driving. Harm to the surface of the tyre is often reduced by having a wider gap between the tyre and the surface. A continuous tyre inflation mechanism operates similarly to a CTIS, in principle. It also automatically inflates the tyres according to the amounts specified. In trucks, a continuous tyre inflation system is often used.
The automated tyre inflation scheme does not help tubeless and nitrogen tyres. Nitrogen tyres deliver advantages such as high fuel economy, reduced rolling resistance and IPLR, leading to better automotive service life. Owing to the growing number of producers choosing nitrogen as inflation gas in tyres, the demand for nitrogen tyres is increasing. Companies like Goodyear (US) and Continental (Germany) are marketing nitrogen as a tyre inflation gas. This will restraint the market.
Component analysis
Passenger cars are expected to be the market's fastest growing category. Both customers and suppliers, safety issues are growing. Every year, the number of injuries is rising, especially those caused by damaged tyres. Automatic tyre inflation systems can avoid injuries due to tyre damage, as they automatically inflate the tyre and prevent damage. These factors are driving the development of the passenger car industry.
In 2018, in terms of value, the North American region is expected to dominate the demand for the automatic tyre inflation system. Automatic tyre inflation devices, as per the need, help sustain tyre pressure. Manufacturers are now seeking to concentrate on the implementation in automobiles of automatic tyre inflation systems. This in North America would improve the demand. The automatic tyre inflation system does not support tubeless and nitrogen tyres.
Nitrogen tyres deliver advantages such as high fuel economy, lower rolling resistance, and IPLR, leading to better automotive service life. This will hold up the market. Growing demand for automatic tyre inflation systems due to increasing customer and manufacturer safety concerns, coupled with the ability of automatic tyre inflation systems to inflate tyres and escape automatic tire-related harm, are major factors that are expected to drive the growth of the global market for automatic tyre inflation systems
The automatic tire inflation system market was valued at USD 851.0 million in 2017 at a CAGR of 8.78% Growing demand for automatic tyre inflation systems due to increasing customer and vendor safety issues, combined with the ability of automatic tyre inflation systems to inflate tyres and reduce automatic tire-related harm, are significant factors that are expected to drive growth in the global market for automatic tyre inflation systems.
Furthermore, due to its ability to sustain tyre pressure as required, the growing demand for automated tyre inflation systems is another factor expected to help the growth of the target market over the forecast period. Increased tyre life is determined by a sufficiently inflated tyre. Normally, at a particular load, tyres can work. There is a high load on tyres for heavy vehicles such as tractors and trucks, which reduces their tyre life. As per the Doran Manufacturing (US) study, tyre life is shortened by 30 percent when tyres are 20 percent underinflated.
Every year, the number of injuries is rising, especially those caused by damaged tyres. Automatic tyre inflation systems can avoid injuries due to tyre damage, as they automatically inflate the tyre and prevent damage. These trends are boosting the growth of the passenger car industry.
Key Segments of the Global Automatic tire inflation system Market
Type Overview, 2018-2028 (USD Billion) (Tons)
- Central
- Continuous
Component Overview, 2018-2028 (USD Billion) (Tons)
- ECU
- Compressor
- Pressure sensor
On-Highway Vehicle Overview, 2018-2028 (USD Billion) (Tons)
- PC
- CV
Off-Highway Vehicle Overview, 2018-2028 (USD Billion) (Tons)
- Agriculture
- Construction
Reasons for the study
- The purpose of the study is to give an exhaustive outlook of the
- Automatic tire inflation system market. Benchmark yourself against the rest of the market.
- Ensure you remain competitive as innovations by existing key players to boost the market.
What does the report include?
- The study on the Automatic tire inflation system market includes qualitative factors such as drivers, restraints, and opportunities
- The study covers the competitive landscape of existing/prospective players in the Automatic tire inflation system industry and their strategic initiatives for the product development
- The study covers a qualitative and quantitative analysis of the market segmented based on type, and application. Moreover, the study provides similar information for the key geographies.
- Actual market sizes and forecasts have been provided for all the above-mentioned segments.
Who should buy this report?
- This study is suitable for industry participants and stakeholders in the Automatic tire inflation system market. The report will benefit: Every stakeholder involved in the Automatic tire inflation system market.
- Managers within the Automatic tire inflation system industry looking to publish recent and forecasted statistics about the Automatic tire inflation system market.
- Government organizations, regulatory authorities, policymakers, and organizations looking for investments in trends of Automatic tire inflation system market.
- Analysts, researchers, educators, strategy managers, and academic institutions looking for insights into the market to determine future strategies.
Chapter 1 Introduction
1.1 Introduction to the Study
1.2 Market Definition and Scope
1.3 Units, Currency, Conversions and Years Considered
1.4 Key Stakeholders
1.5 Key Questions Answered
Chapter 2 Research Methodology
2.1 Introduction
2.2 Data Capture Sources
2.2.1 Primary Sources
2.2.2 Secondary Sources
2.3 Market Size Estimation
2.4 Market Forecast
2.5 Data Triangulation
2.6 Assumptions and Limitations
Chapter 3 Executive Summary
Chapter 4 Market Outlook
4.1 Introduction
4.2 Value Chain Analysis
4.3 Market Dynamics
4.3.1 Drivers
4.3.2 Restraints
4.3.2.2 Opportunities
4.4 Porter’s Five Forces Analysis
4.5 PEST Analysis
4.6. Regulatory Landscape
4.7 COVID-19 Impact Analysis
Chapter 5 Automatic tire inflation system Market by Type
5.1 Introduction
5.1.1 Central
5.1.2 Continuous
Chapter 6 Automatic tire inflation system Market by Component
6.1.1 ECU
6.1.2 Compressor
6.1.3 Pressure sensor
Chapter 7 Automatic tire inflation system Market by On-highway vehicle
7.1.1 PC
7.1.2 CV
Chapter 8 Automatic tire inflation system Market by Off-highway vehicle
8.1.1 Agriculture
8.1.2 Construction
8.1.1.1 Reporting and Analytics
Chapter 9 Competitive Landscape
9.1 Overview
9.2 Strategic Initiatives
9.2.1 Mergers & Acquisitions
9.2.2 New Product Launch
9.2.3 Investments
9.2.4 Expansion
9.2.5 Customer Targeting
Chapter 10 Company Profiles
10.1 WABCO
10.1.1 Overview
10.1.2 Products and Services Portfolio
10.1.3 Recent Initiatives
10.1.4 Company Financials
10.1.5 SWOT
10.2 EnPro Industries
10.2.1 Overview
10.2.2 Products and Services Portfolio
10.2.3 Recent Initiatives
10.2.4 Company Financials
10.2.5 SWOT
10.3 Michelin
10.3.1 Overview
10.3.2 Products and Services Portfolio
10.3.3 Recent Initiatives
10.3.4 Company Financials
10.3.5 SWOT
10.4 Goodyear
10.4.1 Overview
10.4.2 Products and Services Portfolio
10.4.3 Recent Initiatives
10.4.4 Company Financials
10.4.5 SWOT
10.5 Dana Incorporated
10.5.1 Overview
10.5.2 Products and Services Portfolio
10.5.3 Recent Initiatives
10.5.4 Company Financials
10.5.5 SWOT
10.6 SAF-HOLLAND
10.6.1 Overview
10.6.2 Products and Services Portfolio
10.6.3 Recent Initiatives
10.6.4 Company Financials
10.6.5 SWOT
10.7 The Boler Company
10.7.1 Overview
10.7.2 Products and Services Portfolio
10.7.3 Recent Initiatives
10.7.4 Company Financials
10.7.5 SWOT