Automatic Tire Inflation System Market

Description

The market for automatic tire inflation systems is anticipated to grow from US$ 1.02 billion in 2024 to US$ 1.93 billion by 2031, reflecting a compound annual growth rate (CAGR) of 10.88% from 2031to 2031. This growth is driven by the rising sales of electric vehicles and an increase in consumer awareness regarding tire pressure monitoring, particularly in off-road and off-highway vehicles. According to the International Energy Agency, global electric vehicle sales reached 14 million in 2023, marking an 18% increase from 2022, with China leading the market and expected to account for 70% of global electric bus sales in 2023.

Chinese manufacturers are well-known for their electric vehicles and have expanded their reach into Latin America and Europe, indicating a growing demand for sustainable transportation solutions that utilize automatic tire inflation systems. This trend is particularly evident in off-road vehicles, including tractors and construction equipment, as well as utility vehicles. The adoption of automatic tire inflation systems enhances fuel efficiency, improves road safety by minimizing tire-related costs, reduces downtime, and lowers maintenance expenses. By maintaining optimal tire pressure, these systems help prevent blowouts, enhance safety on the road, and contribute to environmental protection.

Analysis of the Automatic Tire Inflation System Market

An automatic tire inflation system (ATIS) is a technology designed to automatically maintain the correct tire pressure without manual intervention. It comprises valves, sensors, an air compressor, and other components integrated into the vehicle's tire system. Sensors monitor tire pressure and trigger the compressor to inflate the tire when necessary. If tire pressure exceeds a set limit, the system releases air to prevent over-inflation. The increasing sales of off-road vehicles and the adoption of advanced technologies aimed at improving fuel efficiency are key factors driving the demand for automatic tire inflation systems. These systems are widely used in various commercial heavy-duty vehicles, including buses, vans, trucks, military vehicles, utility vehicles, industrial vehicles, and off-road equipment. The primary benefits of ATIS include enhanced safety, improved fuel efficiency, extended tire life, and maximized vehicle performance by ensuring optimal tire pressure. The rising need for maintaining ideal tire pressure to reduce blowouts, enhance traction, and minimize tire wear is propelling market growth.

Strategic Insights

Drivers and Opportunities in the Automatic Tire Inflation System Market

Growing demand for improved vehicle fuel efficiency is a key driver of market growth.

Tires represent a significant expense for any fleet, making it crucial to maintain them at optimal pressure to extend their lifespan. Proper tire inflation reduces unplanned downtime, enhances fuel economy, and improves overall highway safety. The US Department of Energy reports that approximately 10% of under-inflated vehicle tires can decrease fuel efficiency by 1%. Therefore, adopting automatic tire inflation systems for semi-trucks and commercial heavy-duty vehicles that travel extensive distances annually is essential. Properly inflated tires not only last longer but also require less energy, contributing to the growth of the automatic tire inflation system market during the forecast period.

The ATIS has enabled numerous carriers and industrial vehicle owners to enhance their profitability. These tire inflators facilitate high vehicle performance, reduce CO2 emissions per dollar spent, and offer other benefits.

Increasing adoption and development of advanced sensor technologies for tire pressure maintenance are expected to create significant growth opportunities.

The integration of various sensors for tire pressure monitoring is anticipated to foster substantial market growth in the coming years. Key players are developing advanced technologies based on automatic pressure systems to maintain fuel efficiency. For example, in April 2023, BFGoodrich Tires introduced ActivAir, a new tire inflation system that allows off-roaders to maintain tire pressure automatically. ActivAir is an integrated system that enables drivers to adjust tire pressure according to their needs.

Segmentation Analysis of the Automatic Tire Inflation System Market

Key segments contributing to the analysis of the Automatic Tire Inflation System Market include type, platform, application, and end-user.

By type, the market is categorized into continuous tire inflation and central tire inflation, with the continuous tire inflation segment holding the largest share in 2024 due to the rising demand from commercial vehicle owners.
By vehicle type, the global market is divided into passenger cars and commercial vehicles, with the commercial vehicles segment holding a larger market share in 2024.

Geographical Analysis of the Automatic Tire Inflation System Market

The geographic scope of the automatic tire inflation system market report is divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.

North America is expected to lead the automatic tire inflation system market in 2024, encompassing the US, Canada, and Mexico. According to the North America Council for Freight Efficiency, the adoption rate of automatic tire inflation systems in tractors surged by 168% in 2023, while the adoption of standalone tire pressure monitoring systems (TPMS) declined by 18% during the same period.

The Asia Pacific automatic tire inflation system market is driven by increasing demand from off-highway vehicles and a rise in demand from commercial vehicle owners. The growing sales of commercial vehicles in China, India, and Japan are significant factors contributing to the market's growth during the forecast period.

Scope of the Automatic Tire Inflation System Market Report

Recent Developments in the Automatic Tire Inflation System Market

The Automatic Tire Inflation System Market is assessed through qualitative and quantitative data collected from primary and secondary research, including key corporate publications, association data, and databases. Below are some recent developments and strategies in the Automatic Tire Inflation System market:

In November 2023, DJI, a Chinese drone manufacturer, introduced two new drone models designed for various agricultural applications, including the T60 agricultural drone for tasks like farmland spraying and aerial seeding, and the T25P drone, a lightweight model suitable for small plots. (Source: DJI, Press Release/Company Website/Newsletter)
In March 2024, Flyability announced a new UT probe for the Elios 3, enhancing access and safety in non-destructive testing across various industries. (Source: Flyability, Press Release/Company Website/Newsletter)

Coverage and Deliverables of the Automatic Tire Inflation System Market Report

The report titled "Automatic Tire Inflation System Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas:

Market size and forecast at global, regional, and country levels for all key market segments included in the scope
Market dynamics, including drivers, restraints, and key opportunities
Key future trends
A detailed Porter's Five Forces analysis
Global and regional market analysis highlighting key trends, major players, regulations, and recent developments
Industry landscape and competition analysis, including market concentration, heat map analysis, prominent players, and recent developments
In-depth company profiles with SWOT analysis

Product Code: TIPTE100001365

1.INTRODUCTION

1.1 SCOPE OF THE STUDY
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE

2.KEY TAKEAWAYS

3.AUTOMATIC TIRE INFLATION SYSTEM MARKET LANDSCAPE

3.1 MARKET OVERVIEW
3.2 MARKET SEGMENTATION
- 3.2.1 Global Automatic Tire Inflation System Market - By Vehicle Type
- 3.2.2 Global Automatic Tire Inflation System Market - By Distribution Channel
- 3.2.3 Global Automatic Tire Inflation System Market - By Geography
3.3 PEST ANALYSIS
- 3.3.1 North America - PEST Analysis
- 3.3.2 Europe - PEST Analysis
- 3.3.3 Asia Pacific - PEST Analysis
- 3.3.4 Middle East and Africa - PEST Analysis
- 3.3.5 South America - PEST Analysis

4.AUTOMATIC TIRE INFLATION SYSTEM MARKET - KEY INDUSTRY DYNAMICS

4.1 KEY MARKET DRIVERS
- 4.1.1 Favourable Government Regulation
- 4.1.2 Demand for Enhancing Fuel Efficiency
- 4.1.3 Low Initial Cost and Easy Return on Investment
4.2 KEY MARKET RESTRAINTS
- 4.2.1 Lack of Awareness in the Developing Countries
4.3 KEY MARKET OPPORTUNITIES
- 4.3.1 Growing OEM Market for Automotive Tire Inflation Systems in Asia Pacific
4.4 FUTURE TRENDS
- 4.4.1 Integration of Smart Electronics is Anticipated to Garner the Adoption of Automatic Tire Inflation Systems
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

5.AUTOMATIC TIRE INFLATION SYSTEM - GLOBAL MARKET ANALYSIS

5.1 GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET OVERVIEW
5.2 GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET FORECAST AND ANALYSIS

6.AUTOMATIC TIRE INFLATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2025 - VEHICLE TYPE

6.1 OVERVIEW
6.2 GLOBAL AUTOMATIC TIRE INFLATION SYSTEMS MARKET BREAKDOWN, BY VEHICLE TYPE, 2017 & 2025
6.3 HEAVY DUTY VEHICLE MARKET
- 6.3.1 Overview
- 6.3.2 Heavy Duty Vehicle Market Forecasts and Analysis
6.4 UTILITY VEHICLE MARKET
- 6.4.1 Overview
- 6.4.2 Utility Vehicle Market Forecasts and Analysis
6.5 TRACTORS MARKET
- 6.5.1 Overview
- 6.5.2 Tractors Market Forecasts and Analysis

7.AUTOMATIC TIRE INFLATION SYSTEM MARKET ANALYSIS - BY DISTRIBUTION CHANNEL

7.1 OVERVIEW
7.2 AUTOMATIC TIRE INFLATION SYSTEM MARKET - BY DISTRIBUTION CHANNEL , FORECAST AND ANALYSIS
7.3 OEM MARKET
- 7.3.1 Overview
- 7.3.2 OEM Market - Forecast & Analysis
7.4 AFTERMARKET MARKET
- 7.4.1 Overview
- 7.4.2 Aftermarket Market - Forecast & Analysis

8.GLOBAL AUTOMATIC TIRE INFLATION SYSTEM - GEOGRAPHICAL ANALYSIS

8.1 OVERVIEW
8.2 NORTH AMERICA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025
- 8.2.1 Overview
- 8.2.2 North America Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
- 8.2.3 North America Automatic Tire Inflation System Market Breakdown, by Key Countries
  - 8.2.3.1 U.S.Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.2.3.2 Canada Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.2.3.3 Mexico Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
- 8.2.4 North America Automatic Tire Inflation System Market Breakdown, by Vehicle Type
- 8.2.5 North America Automatic Tire Inflation System Market Breakdown, by Distribution Channel
8.3 EUROPE AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025
- 8.3.1 Overview
- 8.3.2 Europe Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
- 8.3.3 Europe Automatic Tire Inflation System Market Breakdown, by Key Countries
  - 8.3.3.1 France Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.3.3.2 Germany Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.3.3.3 Italy Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.3.3.4 Spain Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.3.3.5 UK Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
- 8.3.4 Europe Automatic Tire Inflation System Market Breakdown, by Vehicle type
- 8.3.5 Europe Automatic Tire Inflation System Market Breakdown, by Distribution Channel
8.4 APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025
- 8.4.1 Overview
- 8.4.2 APAC Automatic Tire Inflation System Market Breakdown by Key Countries
  - 8.4.2.1 Australia Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.4.2.2 China Automatic Tire Inflation System Market Revenue and Forecast to 2025 (US$ Mn)
  - 8.4.2.3 India Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.4.2.4 Japan Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.4.2.5 Rest of APAC Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
- 8.4.3 APAC Automatic Tire Inflation System Market Breakdown by Vehicle Type
- 8.4.4 APAC Automatic Tire Inflation System Market Breakdown by Distribution Channel
8.5 MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025
- 8.5.1 Overview
- 8.5.2 MEA Automatic Tire Inflation System Market Breakdown by Key Countries
  - 8.5.2.1 Saudi Arabia Automatic Tire Inflation System Market Revenue and Forecast to 2025 (US$ Mn)
  - 8.5.2.2 UAE Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.5.2.3 South Africa Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
  - 8.5.2.4 Rest of MEA Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
- 8.5.3 MEA Automatic Tire Inflation System Market Breakdown by Vehicle Type
- 8.5.4 MEA Automatic Tire Inflation System Market Breakdown by Distribution Channel
8.6 SAM AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025
- 8.6.1 Overview
- 8.6.2 SAM Automatic Tire Inflation System Market Breakdown by Key Countries
  - 8.6.2.1 Brazil Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn)
- 8.6.3 SAM Automatic Tire Inflation System Market Breakdown by Vehicle Type
- 8.6.4 SAM Automatic Tire Inflation System Market Breakdown by Distribution Channel

9.INDUSTRY LANDSCAPE

9.1 OVERVIEW
9.2 MARKET INITIATIVE
9.3 MERGER AND ACQUISITION
9.4 NEW DEVELOPMENT

0.COMPETITIVE LANDSCAPE

0.1 COMPETITIVE PRODUCT MAPPING
0.2 MARKET POSITIONING - GLOBAL TOP 5 PLAYERS RANKING

1.AUTOMATIC TIRE INFLATION SYSTEM MARKET, KEY COMPANY PROFILES

1.1 APERIA TECHNOLOGIES, INC.1.1.1 Key Facts
- 1.1.2 Business Description
- 1.1.3 Financial Overview
- 1.1.4 SWOT Analysis
- 1.1.5 Key Developments
1.2 CONTINENTAL AG
- 1.2.1 Key Facts
- 1.2.2 Business Description
- 1.2.3 Financial Overview
- 1.2.4 SWOT Analysis
- 1.2.5 Key Developments
1.3 DANA LIMITED
- 1.3.1 Key Facts
- 1.3.2 Business Description
- 1.3.3 Financial Overview
- 11.3.4 SWOT Analysis
- 11.3.5 Key Developments
11.4 HALTEC CORPORATION
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Financial Overview
- 11.4.4 SWOT Analysis
- 11.4.5 Key Developments
11.5 HENDRICKSON USA, L.L.C.11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Financial Overview
- 11.5.4 SWOT Analysis
- 11.5.5 Key Developments
11.6 MERITOR, INC.11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Financial Overview
- 11.6.4 SWOT Analysis
- 11.6.5 Key Developments
11.7 MICHELIN
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Financial Overview
- 11.7.4 SWOT Analysis
- 11.7.5 Key Developments
11.8 PRESSUREGUARD
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Financial Overview
- 11.8.4 SWOT Analysis
- 11.8.5 Key Developments
11.9 STEMCO PRODUCTS INC.11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Financial Overview
- 11.9.4 SWOT Analysis
- 11.9.5 Key Developments
11.10 TIRE PRESSURE CONTROL
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Financial Overview
- 11.10.4 SWOT Analysis
- 11.10.5 Key Developments

12.APPENDIX

12.1.1 About The Insight Partners

12.2 GLOSSARY OF TERMS
12.3 METHODOLOGY
- 12.3.1 Coverage
- 12.3.2 Secondary Research
- 12.3.3 Primary Research 127