Automatic Tire Inflation System Market

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Automatic Tire Inflation System Market Size,
Status, Global outlook (2018 - 2025)

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The report "automatic tire inflation system
market by type (central continuous), component
(ECU, compressor, pressure sensor), on-highway
vehicle (PC CV), off-highway vehicle
(agriculture construction), and region - global
forecast to 2025", the automatic tire inflation
system market is estimated to be USD 891.6
million in 2018 and is projected to reach USD
1,606.8 million by 2025, at a CAGR of 8.78. The
automatic tire inflation system efficiently
increases tire life, vehicle performance, and
safety. This will help grow the automatic tire
inflation system market in developed as well as
developing regions. Growing focus of governments
on safety regulations to reduce road accidents is
expected to drive the automatic tire inflation
system market.

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Commercial vehicle segment to acquire the largest
share of automatic tire inflation system market,
by on-highway vehiclethe commercial vehicle
segment is estimated to hold the largest share of
the automatic tire inflation system market, by
on-highway vehicle type. Growing government focus
on installation of automatic tire inflation
systems is expected to boost the market for the
commercial vehicle segment. The US government was
on the verge of mandating automatic tire
inflation system in trucks in 2016 to reduce
accidents related to tire malfunctioning. This
mandate has not been approved until now. The US
EPA is also focusing on tire inflation
regulations. For instance, since september 1,
2010, the california environmental protection
agency mandated automotive service providers to
inflate tires at a required air pressure during
automotive maintenance or repair services.

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Central tire inflation system is the fastest
growing segment of the automatic tire inflation
system market, by typeextended tire life,
improved productivity, and increased fuel
efficiency are the drivers for growing the
central tire inflation system market. The system
provides smooth driving conditions for the
driver. They offer an advantage over continuous
tire inflation systems by creating a larger area
between the tire and the surface which limits
tire damages.Key market playersthe automatic
tire inflation system market is dominated by a
few globally established players such as WABCO
(belgium), enpro industries (US), michelin
(france), goodyear (US), and dana incorporated
(US).
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North america the largest market for
the automatic tire inflation system marketthe
north american region is estimated to hold the
largest share, by value, of the automatic tire
inflation system market in 2018. The demand for
an automatic tire inflation system in this region
is triggered by growing vehicle safety concerns.
In addition, the north american automotive
industry is one of the fastest growing industries
in the world and is dominated by domestic oems
such as ford motor company and general motors
along with established european and japanese
oems.According to NHTSA, in the US, 733 traffic
fatalities occurred due to tire malfunctioning in
2016. The NHTSA also estimates that the automatic
tire inflation systems can save 260,000 accidents
per year. This will help grow the north american
automatic tire inflation system market.
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