Global Automatic Tire Inflation System Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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“Global Automatic Tire Inflation System Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2027” is a recent report generated by MarketResearch.biz, which offers in-depth insights, revenue details, and other vital information regarding the global automatic tire inflation system market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions and mergers, and market footprint. The global automatic tire inflation system market report has been segmented on the basis of type, component, on-highway vehicle, off-highway vehicle, electric vehicle, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Automatic tire inflation system consists of a compressor which is used to pass air through rotary joint via hoses, which provides rotary motion of wheel assembly. Air is channeled through rotary joint without entangling hoses and when pressure goes below desired level it pumps air and tire inflates.
Growing demand for automatic tire inflation systems owing to increasing safety concerns among consumers and manufacturers, coupled with ability of automatic tire inflation systems to inflate tire and prevent damages automatically related to tire are major factors expected to drive growth of the global automatic tire inflation system market. In addition, rising demand for automatic tire inflation systems owing to its ability to maintain tire pressure as per the requirement is another factor expected to support growth of the target market over the forecast period.
However, demand for tubeless and nitrogen tires is increasing and it does not support automatic tire inflation systems, which is a major factor expected to restrain growth of the global market over the forecast period.
The North America market is expected to account for highest share in the global automatic tire inflation system market in terms of revenue contribution as compared to that of markets in other regions, owing to increasing demand for commercial and off-road vehicles from growing mining industry and expanding construction industry in countries in the region. The market in Europe is projected to register comparatively faster growth in terms of revenue over the next 10 years. This growth can be attributed to growing road-safety concerns which is in turn creating demand for automatic tire inflation systems in countries in the region. The Europe market is estimated to account for second-highest revenue share in the global market and is expected to register a CAGR of XX.X% during the forecast period. The markets in Latin America and Middle East & Africa are expected to register moderate growth rate in the global automatic tire inflation system market over the forecast period.
Global Automatic Tire Inflation System Market Segmentation:
On the basis of type:
- Central tire inflation system
- Continuous tire inflation system
On the basis of component:
- Rotary Union
- Pressure Sensor
- Air Delivery System
- Buffer Tank
On the basis of on-highway vehicle:
- Passenger Cars (PC)
- Commercial Vehicle (CV)
On the basis of off-highway vehicle:
- Agriculture Vehicle
- Construction Vehicle
On the basis of electric vehicle:
- Battery Electric Vehicle (BEV)
- Hybrid Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
- Fuel Cell Electric Vehicle (FCEV)
On the basis of region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- WABCO Holdings Inc.
- EnPro Industries, Inc.
- Michelin Corporation
- Goodyear Tire & Rubber Company
- Dana Incorporated
- SAF-HOLLAND S.A.
- IDEX Corporation
- The Boler Company Inc.
- Airgo Systems Inc.
- Aperia Technologies Inc.
- Haltec Corporation
- Ti Systems Inc.
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