(USGovernment-News.Com, April 17, 2019 ) 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 for US$ 2,029.9 Mn by the year 2025. 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.
Top Leading key Players are 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
The automatic tire inflation system market segmentation is done on the basis of vehicle type, and distribution channel. The automatic tire inflation system market has been segmented on the basis of vehicle type into utility vehicles, tractors and heavy duty vehicles. Also, the distribution channel segment for the automatic tire inflation system market has been bifurcated into OEM and aftermarket. On the basis of geography, the automatic tire inflation system market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
Under-inflated tires increase rolling resistance, which can not only reduce fuel economy but can also wear out tires and reduce vehicle safety through poor handling. Maintaining correct tire pressures and monitoring for uneven tire wear can help to ensure optimum vehicle performance. ATIS /CTIS offer a single solution to manage tire pressure, by automatically maintaining tire pressures within a predetermined range. These systems find major applications in off-road vehicles, commercial trucks and trailers, military vehicles, and agricultural tractors.
Geographically the automatic tire inflation system market is presently dominated by developed regions including North America and Europe. Higher sales of heavy-duty commercial vehicles as well as owing to a booming construction sector, transportation sector, and the mining sector globally would demand higher integrations of ATIS into these systems. This growth coupled with the imposed regulations by the regulatory authorities across the globe and environmental agencies is anticipated to impact in unison for growing ATIS integrations at the automotive OEM end.
Reason to buy:- - 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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