PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462948
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1462948
Automatic Tire Inflation System Market size was valued at USD 85 Million in 2023, expanding at a CAGR of 10.5% from 2024 to 2032.
An Automatic Tire Inflation System (ATIS) represents a cutting-edge technology embedded within vehicles to autonomously maintain optimal tire pressure levels. Through continuous monitoring and adjustment of tire pressure, ATIS mitigates the risks associated with underinflation or overinflation, including diminished fuel efficiency, accelerated tire wear, and compromised vehicle safety. Widely deployed in commercial vehicles such as trucks and trailers, as well as off-road and passenger vehicles, ATIS ensures consistent tire performance, bolstering traction, stability, and overall driving comfort while minimizing maintenance costs related to tire-related issues. With an automatic tire pressure adjustment system accessible from the vehicle cabin, drivers can optimize tire inflation pressure while navigating diverse terrains with a simple push of a button. Lowering tire pressure enlarges the tire footprint, enhancing flotation and traction, especially on soft soil surfaces. Even without all-wheel drive, vehicles equipped with CTIS (Central Tire Inflation System) can surpass all-wheel drive vehicles in various soft soil conditions.
Automatic Tire Inflation System Market- Market Dynamics
Escalating concerns regarding tire safety, prompting increased adoption of ATIS systems to propel market demand
The growth of the automatic tire inflation system market is driven by escalating concerns regarding tire safety, prompting increased adoption of ATIS systems for safer driving experiences. Additionally, these systems contribute to improved fuel efficiency and passenger comfort. Government regulations and safety mandates pertaining to vehicle tire inflation further bolster demand, particularly among aftermarket players. The automotive industry's rapid expansion worldwide, fueled by advancing technology, amplifies market growth. Extensive research and development endeavors within the tire industry, aimed at enhancing tire product properties such as frictional resistance, significantly propel the global automotive ATIS market.
Automatic Tire Inflation System Market- Key Insights
As per the analysis shared by our research analyst, the global market is estimated to grow annually at a CAGR of around 10.5% over the forecast period (2024-2032)
Based on vehicle type segmentation, Passenger Cars was predicted to show maximum market share in the year 2023
Based on off-highway vehicle type segmentation, Agriculture tractors was the leading type in 2023
Based on Tractor type segmentation, Central Tire Inflation was the leading type in 2023
Based on vehicle propulsion segmentation, Battery Electric was the leading type in 2023
Based on Application segmentation, On-the-Road Tire was the leading type in 2023
On the basis of region, North America was the leading revenue generator in 2023
The Global Automatic Tire Inflation System Market is segmented on the basis of Vehicle Type, Off-Highway Vehicle Type, Tractor Type, Application, Vehicle Propulsion and Region.
The market is divided into two categories based on off-highway vehicle type: Agriculture tractors and Construction Equipment.In the off-highway vehicle segment, agricultural tractors dominate the automatic tire inflation system market during the forecast period. This dominance stems from the proven effectiveness of tire inflation systems in agricultural tractors. Many original equipment manufacturers (OEMs) are investing in research and development activities to innovate new and efficient tire inflation systems, driving segmental growth. Companies like Dana Incorporated (US), TI Systems (Germany), Michelin (France), and Haltec Corporation have made substantial investments in R&D, particularly focusing on CTIS products for farm tractors and construction equipment. For instance, John Deere offers its CTIS system as an optional feature for its farm tractors in regions such as the Middle East & Africa and Europe.
The market is divided into two categories based on Application: On-the-Road Tire and Off-the-Road Tire. In the automotive tire inflation market, the domain of On-the-Road Tire applications dominates due to the widespread usage of automatic tire inflation systems (ATIS) in passenger vehicles, commercial trucks, and trailers. On-the-Road Tire applications are essential for maintaining optimal tire pressure levels during regular driving conditions, ensuring fuel efficiency, tire longevity, and overall vehicle safety. Additionally, the growing focus on passenger comfort and the stringent government regulations regarding tire safety contribute to the increasing adoption of ATIS in on-the-road vehicles. Conversely, Off-the-Road Tire applications, while important for specialized vehicles like agricultural tractors, construction equipment, and military vehicles, represent a smaller segment due to their niche use and specific operational requirements.
Automatic Tire Inflation System Market- Geographical Insights
Geographically, this market is widespread into the regions of North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. These regions are further divided as per the nations bringing business.
In the Automatic Tire Inflation System (ATIS) market, companies concentrate on technological advancements to refine tire pressure management for improved vehicle efficiency and safety. Collaborations with vehicle manufacturers and fleet operators facilitate seamless integration into a range of vehicle platforms, while partnerships with distributors aid in expanding global market reach. Through initiatives for market expansion, strategic acquisitions, and partnerships, companies deliver comprehensive ATIS solutions tailored to diverse customer requirements, ensuring sustained growth and competitiveness in meeting the dynamic needs of the automotive sector.
In February 2022, Tesla secured a patent for an innovative on-the-go tire inflation system designed for both passenger and commercial vehicles, including compatibility with the upcoming semi-truck model.
GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
Aperia Technologies, Inc.
Bridgestone Corporation
Continental AG
Goodyear Tire & Rubber Company
Meritor, Inc.
STEMCO Products Inc.
CODA Development
Hankook Tire Hankook Tire group
Denso Corporation
Pressure Systems International, Inc.
Others