The Global Automatic Tire Inflation System Market size is expected to reach $123.4 million by 2028, rising at a Market growth of 12.4% CAGR during the forecast period.
The automatic tire inflation system (ATIS) inflates the car tires automatically whenever the internal pressure falls under a pre-set level. By providing enough air in each wheel, the upgraded automatic tire inflation system can improve tire efficiency, boost the fuel efficiency of the vehicle, and minimize tire wear. When the weight on the vehicle increases, the automatic tire inflation system increases the tire pressure in each tire, and when the load on the automobile falls, the tire pressure decreases.
The adjustment of air pressure on the inside of a tire is referred to as tire inflation. When driving a car safely, the appropriate inflation of a tire is critical. This modern tire inflation system aids in the maintenance of proper tire pressure, which varies based on vehicle type, load, tire size and type, and road condition. These are used to inflate and deflate the tires when their pressures are below or above the appropriate levels for the cars in question. This reduces the time it takes to inflate and deflate tires, as well as the time it takes to conduct vehicle roadside inspections.
The automatic tire inflation system Market is being driven by an increase in demand for the system, particularly in emerging nations, due to many advantages such as improved fuel efficiency and tire life span, as well as the growth of vehicle automation. The automatic tire inflation system Market is expected to develop due to rising concerns about vehicle safety and an increasing rate of adoption of autonomous systems, which are known to save time for tire inflation and deflation operations while also lowering repair costs.
The automotive industry is critical to the development of an economy. During the second and third quarters of 2020, however, the COVID-19 pandemic impacted the whole automotive supply chain. Due to lockdowns and shutdowns of industrial facilities in various regions of the world enforced by the governments, the pandemic posed an unpredictable recovery path for the industry. During COVID-19, the automotive sector faced four key challenges: a shortage of car parts, a drop in new vehicle sales, the closure of manufacturing sites, and a drop in working capital. Since the automatic tire inflation system Market is reliant on car production, the pandemic is expected to have a negative impact on the Market .
Telematics is made up of two components: technology and informatics. Advanced tracking systems and sensors installed in vehicles that send, receive and store telemetry data on vehicular activities are referred to as telematics. It relies on its own onboard diagnostics systems to function (ODBI). ODBI increases safety and reduces the possibility of cost tampering by vehicle drivers. In the eyes of adventure travelers and transportation, travel firms, telematics benefits make vehicle automatic tire inflation system (ATIS) more appealing to boost efficiency.
In addition, mounting concerns about road safety and tight rules enforced by governments throughout the world are forcing car owners to install an integrated automatic tire inflation system.
Due to advances in technology, the global automotive sector is quickly expanding. The corporations are concentrating their efforts on facilitating comprehensive tire research and development in order to improve the frictional resistance of tire goods. The automatic tire inflation system Market is primarily driven by rising R&D-based activities by the manufacturers. With the simple stroke of a button, the driver can optimize tire inflation pressure while working on various terrains from the cab. When driving in soft soil terrain, lowering tire pressure results in a larger tire footprint, which provides improved flotation and traction. Although ATIS is frequently used in conjunction with all-wheel drive, however, even when used with non-all-wheel-drive vehicles, it can surpass all-wheel drive in certain soft soil circumstances.
The automated tire inflation mechanism does not work with tubeless or nitrogen tires. Nitrogen tires provide advantages such as improved fuel efficiency, reduced rolling resistance, and IPLR, all of which contribute to a longer vehicle service life. Nitrogen tires are becoming more popular as a result of a growing number of tire manufacturers opting for nitrogen as an inflation gas. Nitrogen as an inflating gas in tires is supported by renowned tire manufacturers such as Goodyear (US) and Continental (Germany). Inflating tires with nitrogen enhance steering, handling, and braking, minimizes tire oxidation, removes interior wheel corrosion, lowers running temperatures, and reduces tire pressure monitoring system false alarms.
Based on Sales Channel, the Market is segmented into OEM, and AfterMarket . The after-marketsegment witnessed a substantial revenue share in the automatic tire inflation system Market in 2021. Automobile tire inflation systems have been on the Market for four or five decades, but only recently have they achieved favor in commercial vehicles. Commercial fleet operators and fleet owners have been unable to integrate these technologies on their vehicles due to high implementation costs and worries about quick ROI until two or three years ago. However, as traffic safety laws and emission standards from numerous environmental protection agencies around the world become more stringent, the pressure on vehicle owners to integrate advanced technological solutions that can provide visibility into the vehicle's mechanisms has become a requirement. Thus the demand for implementing ATIS in commercial vehicles is bound to increase.
Based on Vehicle Type, the Market is segmented into On-Highway Vehicle (Light Duty Vehicle, and Heavy-Duty Vehicle), Off-Highway Vehicle (Construction Vehicle, and Agriculture tractors), and Electric Vehicles (Battery Electric Vehicle, Plug-In Hybrid Electric Vehicle, and Fuel Cell Electric Vehicle). The on-highway vehicle segment acquired the largest revenue share in the automatic tire inflation system Market in 2021. The on-highway segment includes light and heavy-duty vehicles which are used to transport people and goods.
Based on Type, the Market is segmented into Central Tire Inflation System, and Continuous Tire Inflation System. The continuous tire inflation system witnessed a substantial revenue share of the automatic tire inflation system Market in 2021. Continuous tire inflation systems are often used on trailers to maintain correct tire pressure. They're usually seen in vocational or straight truck applications. Tires are designed to operate at a certain pressure. Continuous tire inflation methods keep the pressure constant. Climate variations cause the tire to expand and compress, yet the pressure remains constant.
Based on Component, the Market is segmented into ECU System, Compressor, Pressure Sensor, Rotary Union, Air Delivery System, Housing, and Others. The ECU segment acquired the largest revenue share in the automatic tire inflation system Market in 2021. In terms of value, the ECU, which is a key component of autonomous tire inflation, is expected to be the largest segment. It is used to control the automatic tire inflation system's pressure sensor. Its role is to direct the pressure sensor in calculating how much air is required to inflate the tires. The ECU is more expensive than any other part of the automatic tire inflation system. Manufacturers of ECUs are now focused on economies of scale to reduce costs. The automatic tire inflation system Market will benefit from lower prices.
| Report Attribute | Details |
|---|---|
| Market size value in 2021 | USD 55.6 Million |
| Market size forecast in 2028 | USD 123.4 Million |
| Base Year | 2021 |
| Historical Period | 2018 to 2020 |
| Forecast Period | 2022 to 2028 |
| Revenue Growth Rate | CAGR of 12.4% from 2022 to 2028 |
| Number of Pages | 407 |
| Number of Tables | 709 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Sales Channel, Vehicle Type, Type, Component, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
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| Restraints |
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Based on Regions, the Market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The North America region acquired the largest revenue share in the automatic tire inflation system Market and this trend is expected to continue during the forecast period. The United States is the world leading producer of light commercial vehicles. The Market for automatic tire inflation systems for all vehicle types is predicted to increase in the future years in the region. In fact, the US has one of the world most advanced highway networks. Thus, cars and trucks are the preferred mode of transport in the country. As gas prices in the country rises to exorbitant levels, the deployment of automatic tire inflation systems is expected to grow because of the increased fuel efficiency they provide.
Free Valuable Insights: Global Automatic Tire Inflation System Market size to reach USD 123.4 Million by 2028
The Market research report covers the analysis of key stake holders of the Market . Key companies profiled in the report include The Goodyear Tire & Rubber Company, Meritor, Inc., SAF-Holland SE, Michelin, Dana Incorporated, EnPro Industries, Inc., IDEX Corporation, Hendrickson USA, LLC (The Boler Company), Haltec Corporation, and ti.systems GmbH.
By Sales Channel
By Vehicle Type
By Type
By Component
By Geography
The global automatic tire inflation system market size is expected to reach $123.4 million by 2028.
Rising Popularity of SUVs are driving the market in coming years, however, not compatible with airless and nitrogen inflated tires the growth of the market.
The Goodyear Tire & Rubber Company, Meritor, Inc., SAF-Holland SE, Michelin, Dana Incorporated, EnPro Industries, Inc., IDEX Corporation, Hendrickson USA, LLC (The Boler Company), Haltec Corporation, and ti.systems GmbH.
The expected CAGR of the automatic tire inflation system market is 12.4% from 2022 to 2028.
The OEM segment acquired maximum revenue share in the Global Automatic Tire Inflation System Market by Sales Channel in 2021, thereby, achieving a market value of $85.9 million by 2028.
.The North America is the fastest growing region in the Global Automatic Tire Inflation System Market by Region in 2021, and would continue to be a dominant market till 2028.
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