Automatic Tire Inflation System Market worth $138 million by 2028 - Exclusive Report by MarketsandMarkets™

1. Automatic Tire In?ation System Market worth $138 million by 2028 - Exclusive Report by MarketsandMarkets™ NEWS PROVIDED BY MarketsandMarkets 08 Jun, 2023, 04:00 ET  CHICAGO, June 8, 2023 /PRNewswire/ -- Automatic Tire In?ation System Market is projected to grow from USD 82 million in 2023 to USD 138 million by 2028, at a CAGR of 10.7% during the forecast period, according to a new report by MarketsandMarkets™. The increasing demand for improved tire life and to prevent accidents due to tire blowouts, the demand for ATIS in heavy-duty vehicles and farm tractors would create growth opportunities. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp? id=52126096 Browse in-depth TOC on "Automatic Tire In?ation System Market". 297 - Tables 56 – Figures 316 - Pages Automatic Tire In?ation System Market Scope: 

2. Report Coverage Details Market Size USD 138 million by 2028 Growth Rate 10.7% of CAGR Largest Market North America Market Dynamics Drivers, Restraints, Opportunities & Challenges Forecast Period 2023-2028 Forecast Units Value (USD Million) Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends Type (Central, Continuous), On-highway Vehicle (LDV, HDV), Off-highway (Agriculture, Construction), Electric Vehicles (Truck, Segments Covered Bus), Sales Channel (OEM, Aftermarket), Component, Region Geographies Covered Asia Pacific, North America, Europe, and the Rest of the World [RoW] Report Highlights Updated financial information / product portfolio of players Key Market Opportunities Rise in the integration of telematics in vehicles Key Market Drivers Increase in tire and drivetrain life ATIS for Farm Tractor is expected to be the largest segment for ATIS system in off-highway ATIS systems during the forecast period. The farm tractor market is projected to grow from ~USD 54 billion in 2022 to ~USD 69 billion by 2027, at a CAGR of 5.0% over the forecast period. >130-250 HP tractors are expected to be the fastest-growing market during the forecast period globally. Europe is the largest market for these tractors due to the increasing traction of tractors with high-pulling power and the growing demand for commercial agriculture. Most of these >130-250 HP tractors have an automatic tire in?ation system (ATIS). Europe is also the largest market for >250 HP farm tractors. The increasing popularity of commercial farming and new product launches by various major players are expected to boost the market in the region. For instance, Michelin EVOBIB is the ?rst agricultural tire in the market designed speci?cally for use with Central Tire In?ation Systems (CTIS). Alternatively, the penetration of ATIS is negligible in <130HP tractors as these tractors are mostly suitable for farm sizes of half to two acres. Automatic tire in?ation systems offer signi?cant bene?ts for agriculture tractors, allowing farmers to optimize traction, manage soil compaction, improve ef?ciency, enhance operator comfort, and protect their equipment. With the increased demand for high HP tractors, ATIS demand will grow in the coming years, especially in Europe and North America. The OEM Sales channel is expected to hold the largest market share in 2028. 

3. The study scope considers on-highway vehicles (light-duty and heavy-duty vehicles) under the OEM sales channel. The OEM segment holds the largest share of the sales channel in the automatic tire in?ation system industry. OEMs are employing the ATIS system in vehicles and designing the chassis per the ATIS system's requirement. Aftermarket automatic tire in?ation systems may vary in quality, compatibility, and support. The major challenges in aftermarket automatic tire in?ation systems are complexity, compatibility with existing TPMS, sensor integration with existing systems, and system cost. Some aftermarket systems may require additional installation steps or modi?cations to the vehicle, potentially voiding warranties. Hence, retro?tting of ATIS is not much preferred presently. OE-?tted systems are designed to integrate ATIS with the vehicle's existing systems seamlessly. ATIS manufacturers develop these systems in collaboration with the vehicle manufacturer, ensuring compatibility and optimal performance. Since OE-?tted systems are designed with the vehicle's overall design, they are integrated into the vehicle's existing interface, such as the dashboard or infotainment system, making it easier for the driver to monitor and adjust tire pressure as needed. Considering the bene?ts offered, the demand for ATIS in the OE market is projected to grow. North America is estimated to be the largest market for Automatic Tire In?ation Systems (ATIS). North America is the largest ATIS market globally, as the region has large farmlands, generating a need for large farm tractors. Also, the region is one of the largest markets for trucks and trailers, which cover long distances on concrete freeways, causing excess heating of tires and improper variation in tire pressure. This can decrease tire life or cause tire bursting, leading to accidents. Factors such as road safety regulations, emphasis on fuel ef?ciency, and the presence of major automotive manufacturers contribute to the ATIS market growth in North America. OEMs are ?tting the trailers/trucks with ATIS for better vehicle safety. Additionally, North America has a vast network of highways and extensive transportation infrastructure, which drives the need for reliable tire maintenance systems. Automatic tire in?ation systems effectively maintain proper tire pressure, enhance safety, and improve fuel economy. These reasons will generate demand for ATIS in North America. 

4. Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=52126096 Automatic Tire In?ation System Market Dynamics: Drivers: 1. Increase in performance and fuel economy of vehicles. 2. Increase in fuel economy of commercial vehicles. Restraints: 1. Increasing demand for airless and nitrogen-in?ated tires. Opportunities: 1. Rising integration of telematics in vehicles. Challenges: 1. High cost of automatic tire in?ation systems. Key Market Players: Automatic Tire In?ation System Companies are Dana Incorporated (US), MICHELIN (France), IDEX Corporation (US), Enpro Industries (US), MERITOR (US), SAF-HOLLAND (Germany), and CLAAS (Germany). These companies have adopted several strategies to gain traction in the market. They have expanded in various geographical locations through mergers & acquisitions and expansions and entered into joint ventures/collaborations with other industry players to sustain their position in the market. Recent Developments: 

5. In April 2023, BFGoodrich Tires has recently introduced a new tire-in?ation system, ActivAir, which allows off-roaders to change their tire pressure without leaving the driver's seat. ActivAir is fully integrated and enables drivers to adjust their tire pressure to speci?cations. The patented technology has been pressure-tested and developed by some experienced builders in the most challenging terrains, such as the Dakar Rally and the Ultra4 Racing circuit. The driver can choose from four operating terrains, and the system automatically in?ates or de?ates the tires. Skilled drivers can manually select their desired pressure. ActivAir helps drivers to maximize traction and transfer all available power to the ground for an optimized off-road driving experience. In March 2023, SAF-HOLLAND SE completed its acquisition of Haldex AB in Sweden and now owns 100% of the ?rm. Haldex manufactures braking systems and air suspension solutions that improve commercial vehicle safety, performance, and longevity. In October 2022, Spicer Electri?ed eSP502 e-Transmission, a versatile platform created to support the electri?cation of vehicles across the construction, mining, material handling, and forestry markets, was introduced by Dana Incorporated. In 2021, John Deere(US) launched its 8R series tractor with home-built ATIS integrated into them as an option. Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp? id=52126096 Browse Adjacent Market: Automotive and Transportation Market Research Reports & Consulting Related Reports: OTR Tires Market - Global Forecast to 2027 Automotive Tires Market - Global Forecast to 2025 Advanced Tires Market - Global Forecast to 2030 Connected Tires Market - Global Forecast to 2028 

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