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Automatic Tire Inflation System Market by Latest Trends and Forecast - 2025 | MarketsandMarkets

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%.

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Automatic Tire Inflation System Market by Latest Trends and Forecast - 2025 | MarketsandMarkets

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  1. Automatic Tire Inflation System Market by Latest Trends and Forecast - 2025 | MarketsandMarkets 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%. Enhanced fuel efficiency, increased tire life, and decreased downtime are the key factors driving the automatic tire inflation market. The governments have started focusing on safety regulations to reduce road accidents. For instance, 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. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=52126096 The central tire inflation system is projected to be the largest and fastest growing market segment, by type. Extended tire life, improved productivity, and increased fuel efficiency are the key drivers for growing this market. Central tire inflation systems provide 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 that limits tire damages. Passenger car is the fastest growing segment in the automatic tire inflation system market, by on-highway vehicle type. High demand for personal mobility, increasing per capita income, and improved lifestyle are the key factors driving the sales of passenger cars. Safety concerns are growing among consumers and manufacturers. The number of accidents is increasing every year, particularly the ones caused due to damaged tires. As per a report supported by The Safety Institute and led by Quality Control Systems Corp. (QCS) in Feb 2016, in the US, tire-related fatalities have increased by 10.6% from 2013 to 2014. The report also indicated that the death toll from road accidents has increased from 539 in 2013 to 596 in 2014. Accidents related to tire damage can be prevented through the automatic tire inflation systems as they automatically inflate the tire and prevent damages. The Rest of World is estimated to be the fastest growing market for automatic tire inflation systems. The RoW market is growing in terms of automobile production and is expected to flourish in the near future as OEMs are investing in this region. This can be attributed to an increasing demand for automobiles

  2. coupled with the availability of cheap labor, lenient environmental regulations, low transportation costs, and flexible export-import policies. The two-key country-level markets for automatic tire inflation system considered in this region are Brazil and Iran. Market Dynamics •Drivers •Increase in fuel economy •Increasing tire and drivetrain life •Growing safety concerns over vehicles Restraints •Increasing demand for tubeless and nitrogen tires •Opportunities •Favorable government regulations for tire inflation •Demand for increasing productivity and reducing downtime of vehicles •Challenges •High cost of automatic tire inflation system •Low market awareness and acceptance due to high initial cost Target Audience •Automotive automatic tire inflation system manufacturers •Automotive component manufacturers •Automobile manufacturers •Automotive technology providers •Distributors and suppliers of automotive automatic tire inflation system •Electric vehicle manufacturers •Industry associations and automotive experts •Tier 1, Tier 2, and Tier 3 suppliers The key players in the automatic tire inflation system market include WABCO (Belgium), EnPro Industries (US), Michelin (France), Goodyear (US), Dana Incorporated (US), SAF-HOLLAND (Luxembourg), IDEX Corporation (US), and The Boler Company (US). These companies have strong distribution networks at

  3. the global level. In addition, these companies offer an extensive product range in the OE as well as aftermarket. The key strategies adopted by these companies to sustain their market position are new product developments and acquisitions. Get Detail Insight @ https://www.marketsandmarkets.com/Market-Reports/automatic-tire-inflation-system-market- 52126096.html About MarketsandMarkets™ MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions. Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve. MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. Contact: Mr. Shelly Singh MarketsandMarkets™ INC. 630 Dundee Road

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