Automatic Tire Inflation System Market is Booming Worldwide Scrutinized in New Research


Automatic Tire Inflation System market is expected to grow to US$ 2,029.9 million by 2025 from US$ 988.6 million in 2020 the market is forecasted to grow at a CAGR of 9.7% during the period 2018-2025.

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The “Automatic Tire Inflation System Market to 2025 by Vehicle Type (Utility Vehicles, Tractors, and Heavy Duty Vehicles); Distribution Channel (OEM, and Aftermarket) – Global Analysis and Forecast”

A system that enables consistent monitoring of the air pressure in the tires and the subsequent action of inflating or deflating the tire as and when required depending upon the surface of the terrain is an automatic tire inflation system. The automatic tire inflation system market has witnessed high growths in the last few years owing to several advantages and regulations that make it mandatory to install, especially in the off-highway vehicles. As per the Federal Motor Carrier Safety Administration (FMCSA), 10% longer tire life is achieved with these automatic inflation systems. Also, it has been estimated that 1.4% average improvement in fuel economy per vehicle is possible when these technologies are in use. It has been observed that a tire loses 5% of air pressure while on the run for a week and deflated tires have been a major reason causing accidents of commercial trucks and trailers while transportation application. Also, the major advantage of an ATIS is that the ROI period for these systems is very quick and is perceived to be around 10-12 months. Integration of these systems can lead to the improved fuel economy of the vehicle apart from the tire maintenance costs.

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The global automatic tire inflation system market is experiencing an intense growth with regards to the investments, stringent regulations, trials being carried out in different off-road vehicles and deployment for future in the current scenario and is anticipated to rise in the coming years. The automatic tire inflation system market consists of a handful of well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are few important stakeholders in the automatic tire inflation system ecosystem that are involved in the end-to-end development of automatic tire inflation system technology and ensuring that the best service is made available for the users. Government funding for research development, strategic partnerships between technology providers and tire manufacturers, technology providers and automotive OEMs are anticipated to enable huge surges in the automatic tire inflation system market over the forecast period. The global automatic tire inflation system market is estimated to grow at a CAGR of 9.7% during the forecast period 2018 – 2025 and account to US$ 2,029.9 Mn by the year 2025

Systems that monitor tire pressure and automatically add air when needed have been available in trucking for more than 20 years. But the use of these automatic tire inflation systems, or ATIS, has been limited because they have only been able to service the tires on trailers which is now witnessing a paradigm shift. More ATIS products are hitting the market that promise they can monitor air pressure and automatically inflate tires not only on the trailer, but also on the tractor drive and steer axles. While the benefits from these systems are quite clear, widespread adoption has not been rapid. There’s been a delay in government regulations requiring these de­vices or their cousins, tire pressure monitoring systems, or TPMS, on new trailers. And there are major challenges in engineering ATIS for tractors. TIS technology has been confined to trailers since the hoses are routed through the center of the axles and mounted on the wheel hub to supply air to tires. Using ATIS for drive tires is an elusive goal. Differentials, gear axles and extreme temperatures all stand in the way of routing pressurized air.

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the global automatic tire inflation system market

- Highlights key business priorities in order to assist companies to realign their business strategies

- The key findings and recommendations highlight crucial progressive industry trends in the automatic tire inflation system market, thereby allowing players across the value chain to develop effective long term strategies

- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets

- Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it

- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

- Examine the political, economic, social and technology impact of the five regions namely: North America, Europe, Asia Pacific, Middle East Africa and South America.

 

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The List of Companies

  1. PressureGuard
  2. Haltec Corporation
  3. Aperia Technologies, Inc.
  4. Continental AG
  5. Dana Limited
  6. Michelin
  7. STEMCO Products Inc.
  8. Tire Pressure Control
  9. Meritor, Inc.
  10. Hendriksson USA, LLC

 

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