Automotive Automatic Tire Inflation System Market By Type (Central Tire Inflation System and Continued Tire Inflation System) By Component (Rotary Union Compressor, Pressure Sensor, Housing, Air Delivery System, and Buffer Tank) By On-Highway Vehicle (Light Duty Vehicle and Heavy-Duty Vehicle) By Off-Highway Vehicle (Agriculture Tractors and Construction Vehicles)-Growth, Future Prospects & Competitive Analysis, 2016 – 2030

Key Highlights Of The Report

How Are The Major Segments Performing In The Automotive Automatic Tire Inflation System Market?

• The central tire inflation system type segment led the global market in 2021 and is anticipated to continue during the projection period. The factors include improved driving conditions, increased fuel efficiency, and additional safety.
• In 2021, the compressor component segment accounted for the largest global automotive automatic tire inflation system market revenue share. It instructs the pressure sensor on how much air is needed to inflate the tires.
• The heavy-duty on-highway vehicle segment dominated the global automotive automatic tire inflation system market in 2021. This is primarily due to the working conditions of heavy-duty vehicles, which necessitate special attention. Additionally, logistics, importing and exporting goods, and agricultural and construction tasks involve heavy-duty vehicles. Thus, these are the elements influencing the market’s expansion.
• In 2021, the construction off-highway vehicles segment led the market. The driver can easily adjust tire inflation pressure while driving on various terrains inside the cab by pressing a single button on an automatic tire pressure adjustment system. Reduced tire pressure creates a larger tire footprint, which improves flotation and traction when driving on off-highway ground.
• In 2021, the battery electric vehicles segment led the market. The companies are concentrating their efforts on facilitating extensive research and development in the electric heavy-duty vehicle segment to improve the frictional resistance of tire products.
• The aftermarket sales channel segment will witness higher adoption during the projection period. They supply the auto components and parts installed after the vehicle leaves the factory. Replacement tires, equipment, collision repair, service repair, and accessories drive the aftermarket segment.

What is the Market Size of the Automotive Automatic Tire Inflation System regarding value?

The global automotive automatic tire inflation system market is anticipated to grow at a substantial CAGR of 13.1% in the upcoming years. The global Automotive Automatic Tire Inflation System industry was estimated to be worth USD 684.6 million in 2021 and was expected to be worth USD 1432.88 million by 2028.

Which Region Dominated The Automotive Automatic Tire Inflation System Market?

In terms of region, North America held the largest market revenue share for an automotive automatic tire inflation system. This region has a thriving automotive industry and many original equipment manufacturers, which helps the market expand. The US is the world’s leading manufacturer of light commercial vehicles. The United States has one of the most advanced highway systems in the world. As a result, automobiles and trucks are the country’s most popular modes of transportation. The use of automatic tire inflation systems is further anticipated to increase due to their improved fuel efficiency as gas prices in the nation reach absurd heights.

How Is US Market Performing In The Automotive Automatic Tire Inflation System Market?

The United States has dominated the North American automotive automatic tire inflation system industry. The advanced automotive sector and increased investment by key manufacturers are driving demand growth in the United States. According to the International Organization of Motor Vehicle Manufacturers, the US produced and sold approximately 12,404,698 commercial vehicle units in 2019. The country’s high level of automobile production will increase demand for automatic tire inflation systems in the regional automotive sector.

What Is The Competitive Environment Of The Automotive Automatic Tire Inflation System Market?

The major players in the automotive automatic tire inflation system market invest heavily in manufacturing facilities, R&D, infrastructure development, and taking advantage of integration opportunities across the value chain. These strategies assist international automotive tire inflation system firms in meeting rising demand, maintaining competitive effectiveness, developing advanced products and system technologies, lowering production costs, and broadening their customer base.

Executive Summary

What Are The Key Trends Or Recent Developments In The Automotive Automatic Tire Inflation System Market?

• Tesla patented a new on-the-go automatic tire inflation system for commercial and passenger vehicles in February 2022. The upcoming semi-truck is also anticipated to work with this system.
• In 2021, John Deere launched its 8R series tractor in the United States with an optional home-built automotive automatic tire inflation system.

What Are All The Technical Developments In The Automotive Automatic Tire Inflation System Market?

The global automotive industry is expanding quickly as a result of technological advancements. The market companies focus on facilitating comprehensive tire research and development to improve tire products’ frictional resistance. Rapidly increasing R&D-based activities by manufacturers are primarily driving the automotive automatic tire inflation system market. For instance, in April, 2020 Nexter Group introduced SYEGON, an Automatic Central Tire Inflation System (CTIS).

Which Are The Key Investments By The Automotive Automatic Tire Inflation System Market Players?

Companies in the automotive automatic tire inflation system market are increasing their R&D investments to develop new products. Aside from that, several businesses are focusing on regional expansion and improving their production capabilities. Such initiatives are expected to fuel growth in the automotive automatic tire inflation system market in the coming years.

Some major players in the automotive automatic tire inflation system market are Aperia Technology Inc, Bigfoot Equipment Ltd, Dana Ltd, Hendrickson USA, Meritor Inc, Goodyear Tire & Rubber Co., Parker Hannifin Corporation, SAF Holland SE, and TI systems GmbH.

What Major Driving Factors for the Automotive Automatic Tire Inflation System Market?

The automatic tire inflation system can extend the life of a vehicle by maintaining the required air pressure in the tire, improving fuel efficiency, reducing the time and expense associated with tire replacement, and reducing wear. Car owners use high-end features like auto pressure control systems on their vehicles due to their increased awareness of road safety issues, driving the market’s growth. Moreover, rising commercial vehicle production and rising consumer disposable income positively influence the global automotive automatic tire inflation system market. Besides, government policies and safety measures for tire inflation on vehicles have increased demand for aftermarket players in the global market. Furthermore, the system’s accessibility as a retrofit and enhanced aftermarket service and repair options will contribute to the market’s expansion due to the escalating demand.

What Are The Major Risks For The Automotive Automatic Tire Inflation System Market?

The market for automotive automatic tire inflation systems is likely constrained by factors such as the increasing popularity of tubeless and nitrogen tires and the system’s high cost. Large load-carrying vehicles are the only ones that can use advanced tire inflation systems due to their high manufacturing and maintenance costs. For instance, the price of central tire inflation systems for large commercial trucks is more than three times higher than that of tire pressure monitoring systems. The price of vehicles with automatic tire inflation systems is higher than that of other vehicles. As a result, when the tires are automatically inflated, the overall cost of the vehicle rises. An advanced tire inflation system includes several electronic components that facilitate proper inflation. Thus, the overall cost of the automatic tire inflation system is higher.

Which Are The Key Sales Channel In The Automotive Automatic Tire Inflation System Market?

The aftermarket segment is expected to hold a prominent revenue share of the global automotive automatic tire inflation system market during the projected period. They provide the auto components and parts installed after the factory has shipped the vehicle. Aftermarket products include replacement tires, equipment, collision repair, service repair, and accessories. The pressure on vehicle owners to incorporate cutting-edge technological solutions that can provide visibility into the vehicle’s mechanisms has become necessary as traffic safety laws and emission standards set by numerous environmental protection agencies worldwide become stricter. As a result, there will be an increase in the demand for automotive automatic tire inflation systems in commercial aftermarket vehicles.

How Is The Automotive Automatic Tire Inflation System Market Performing In Regions?

North America dominated the global automotive automatic tire inflation system market in 2021 due mainly to the region’s incredibly strong automobile industry. It acts as a hub for many manufacturers in the automotive industry. In addition, there has been an increase in the installation of automatic tire inflation systems in vehicles owing to rising demand for improved fuel efficiency, longer tire life, and customer comfort. The demand for commercial and off-road vehicles is also driven by North America’s significant mining and expanding construction sectors. As a result, the region has sharply increased

Asia Pacific market is expected to have the highest revenue share in the global market in the upcoming years, owing to growing investments in the production of green tires and increasing disposable income in countries such as Japan, India, and China. China is the largest auto manufacturer in the world. The automotive industry in the United States has been preparing for product evolution by focusing heavily on producing goods with high fuel efficiency and low emissions. A surplus of raw materials and high demand in the automotive sector is fueling India’s growth.

What Is The Regulatory Landscape For The Automotive Automatic Tire Inflation System Market?

Strict government regulations on vehicle emissions have increased the demand for low-rolling-resistance tire inflation systems globally, encouraging Original Equipment Manufacturers (OEMs) to focus on fuel efficiency and lightweight programs for their vehicles. Due to strict government regulations and growing environmental concerns, automatic tire inflation systems will become more popular among producers and consumers. This is expected to drive market trends for automotive automatic tire inflation systems in the coming years.

What are the major players planning for the future of the automotive automatic tire inflation system market?

Modern, high-performance tires are now available on the market thanks to the development of fresh, innovative technologies. Adopting these technologies by tire manufacturers to produce higher-quality tires is expected to drive future growth in the automobile tire inflation system market. In addition, rising auto sales volumes and the penetration of premium brands are anticipated to drive the automatic tire inflation system market’s expansion over the coming years.

Segmentation of Global Automotive Automatic Tire Inflation System Market-

Global Automotive Automatic Tire Inflation System Market – By Type

• Central Tire Inflation System
• Continued Tire Inflation System

Global Automotive Automatic Tire Inflation System Market – By Component

• Rotary Union
• Compressor
• Pressure Sensor
• Housing
• Air Delivery System
• Buffer Tank

Global Automotive Automatic Tire Inflation System Market – By On-Highway Vehicle

• Light Duty Vehicle
• Heavy-Duty Vehicle

Global Automotive Automatic Tire Inflation System Market – By Off-Highway Vehicle

• Agriculture Tractors
• Construction Vehicle

Global Automotive Automatic Tire Inflation System Market – By Electric Heavy-duty Vehicles

• Battery Electric Vehicle
• Plug-In Hybrid Electric Vehicle
• Fuel Cell Electric Vehicle

Global Automotive Automatic Tire Inflation System Market – By Sales Channel

• OEM
• Aftermarket

Global Automotive Automatic Tire Inflation System Market – By Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • South-east Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of the Middle East and Africa