Automatic Tire Inflation System Market by Type, Vehicle Type, Component, Propulsion, Distribution Channel

Description

List of Tables

The Automatic Tire Inflation System Market was valued at USD 855.92 million in 2023, expected to reach USD 943.07 million in 2024, and is projected to grow at a CAGR of 10.47%, to USD 1,718.83 million by 2030.

The Automatic Tire Inflation System (ATIS) market encompasses technologies designed to maintain optimal tire pressure in vehicles, offering improvements in fuel efficiency, tire longevity, and overall vehicle safety. The necessity of ATIS primarily stems from its potential to reduce maintenance costs and increase operational efficiency by minimizing tire wear and tear and optimizing fuel consumption. This system finds significant applications in commercial vehicles, such as trucks and trailers, where vehicle uptime and fuel efficiency are critical. The end-use scope also extends to passenger vehicles and off-road vehicles used in agriculture and construction industries, driven by increasing safety regulations and fuel economy standards.

KEY MARKET STATISTICS
Base Year [2023]	USD 855.92 million
Estimated Year [2024]	USD 943.07 million
Forecast Year [2030]	USD 1,718.83 million
CAGR (%)	10.47%

Key growth factors influencing this market include innovations in sensor technologies and the rising demand for effective fleet management solutions. Increasing awareness about the economic and environmental consequences of underinflated tires is also propelling market demand. Opportunities abound in the integration of ATIS with telematics and IoT solutions, enabling real-time monitoring and predictive maintenance capabilities. Companies can capitalize on these opportunities by developing advanced ATIS solutions that offer seamless integration with existing vehicle systems and data analytics platforms.

However, the market faces limitations such as high installation costs and the initial complexity of system integration, which may deter widespread adoption, particularly among small fleet operators. Challenges also include the durability of ATIS components under varied environmental conditions and the need for compatibility with diverse vehicle types and sizes.

Innovation and research are best directed towards enhancing the durability and reliability of ATIS components, reducing costs through material advancements or improved manufacturing processes, and developing systems that are easily adaptable to different vehicle configurations. The ATIS market is primarily growth-oriented, with substantial opportunity driven by the broadening scope of applications and regulatory pressures. For businesses looking to expand in this area, focusing on modular solutions that cater to various market segments and investing in strategic partnerships could prove lucrative. Overall, the market exhibits a dynamic nature with promising potential for advancements.

Market Dynamics: Unveiling Key Market Insights in the Rapidly Evolving Automatic Tire Inflation System Market

The Automatic Tire Inflation System Market is undergoing transformative changes driven by a dynamic interplay of supply and demand factors. Understanding these evolving market dynamics prepares business organizations to make informed investment decisions, refine strategic decisions, and seize new opportunities. By gaining a comprehensive view of these trends, business organizations can mitigate various risks across political, geographic, technical, social, and economic domains while also gaining a clearer understanding of consumer behavior and its impact on manufacturing costs and purchasing trends.

Market Drivers
- Exponential adoption of passenger vehicles and need for timely tire maintenance
- Increasing focus on fuel consumption, vehicular safety, and comfort
- Government safety regulations regarding tire inflation
Market Restraints
- High cost of automatic tire inflation system
Market Opportunities
- Technological advancements in automatic tire inflation system
- Strategic collaboration to expand into inflation system for truck tires
Market Challenges
- Technical and performance limitations of automatic tire inflation system

Porter's Five Forces: A Strategic Tool for Navigating the Automatic Tire Inflation System Market

Porter's five forces framework is a critical tool for understanding the competitive landscape of the Automatic Tire Inflation System Market. It offers business organizations with a clear methodology for evaluating their competitive positioning and exploring strategic opportunities. This framework helps businesses assess the power dynamics within the market and determine the profitability of new ventures. With these insights, business organizations can leverage their strengths, address weaknesses, and avoid potential challenges, ensuring a more resilient market positioning.

PESTLE Analysis: Navigating External Influences in the Automatic Tire Inflation System Market

External macro-environmental factors play a pivotal role in shaping the performance dynamics of the Automatic Tire Inflation System Market. Political, Economic, Social, Technological, Legal, and Environmental factors analysis provides the necessary information to navigate these influences. By examining PESTLE factors, businesses can better understand potential risks and opportunities. This analysis enables business organizations to anticipate changes in regulations, consumer preferences, and economic trends, ensuring they are prepared to make proactive, forward-thinking decisions.

Market Share Analysis: Understanding the Competitive Landscape in the Automatic Tire Inflation System Market

A detailed market share analysis in the Automatic Tire Inflation System Market provides a comprehensive assessment of vendors' performance. Companies can identify their competitive positioning by comparing key metrics, including revenue, customer base, and growth rates. This analysis highlights market concentration, fragmentation, and trends in consolidation, offering vendors the insights required to make strategic decisions that enhance their position in an increasingly competitive landscape.

FPNV Positioning Matrix: Evaluating Vendors' Performance in the Automatic Tire Inflation System Market

The Forefront, Pathfinder, Niche, Vital (FPNV) Positioning Matrix is a critical tool for evaluating vendors within the Automatic Tire Inflation System Market. This matrix enables business organizations to make well-informed decisions that align with their goals by assessing vendors based on their business strategy and product satisfaction. The four quadrants provide a clear and precise segmentation of vendors, helping users identify the right partners and solutions that best fit their strategic objectives.

Strategy Analysis & Recommendation: Charting a Path to Success in the Automatic Tire Inflation System Market

A strategic analysis of the Automatic Tire Inflation System Market is essential for businesses looking to strengthen their global market presence. By reviewing key resources, capabilities, and performance indicators, business organizations can identify growth opportunities and work toward improvement. This approach helps businesses navigate challenges in the competitive landscape and ensures they are well-positioned to capitalize on newer opportunities and drive long-term success.

Key Company Profiles

The report delves into recent significant developments in the Automatic Tire Inflation System Market, highlighting leading vendors and their innovative profiles. These include Airgo Systems by The Dominion Group, AME International, Aperia Technologies, ARI-HETRA, ATS ELGI., Bridgestone Corporation, Dana Incorporated, DeWalt by Stanley Black & Decker, Inc., Excel Tire Gauge, Haltec Corporation, Meritor, Inc. by Cummins Inc., Michelin, Milwaukee Electric Tool Corporation, Myers Industries, Inc., Pressure Systems International, Inc., Rotex Automation Limited, SAF-HOLLAND, Sunrise Instruments Private Limited., The Boler Company, The Goodyear Tire & Rubber Company, ti.systems GmbH, Trans Technologies Company, Inc., Vigia by COLVEN USA LLC, and WABCO.

Market Segmentation & Coverage

This research report categorizes the Automatic Tire Inflation System Market to forecast the revenues and analyze trends in each of the following sub-markets:

Based on Type, market is studied across Central Tire Inflation System and Continuous Tire Inflation System.
Based on Vehicle Type, market is studied across Off-Highway Vehicle and On-Highway Vehicle. The Off-Highway Vehicle is further studied across Agriculture Vehicles, Construction Vehicles, and Military Vehicles. The On-Highway Vehicle is further studied across Commercial Vehicle and Passenger Vehicles.
Based on Component, market is studied across Air delivery system, Compressor, Housing, and Pressure Gauge & Sensors.
Based on Propulsion, market is studied across Battery Electric, Fuel Cell Electric, Hybrid Electric, and Plug-In Hybrid Electric.
Based on Distribution Channel, market is studied across Aftermarket and Original Equipment Manufacturers (OEM).
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.

The report offers a comprehensive analysis of the market, covering key focus areas:

1. Market Penetration: A detailed review of the current market environment, including extensive data from top industry players, evaluating their market reach and overall influence.

2. Market Development: Identifies growth opportunities in emerging markets and assesses expansion potential in established sectors, providing a strategic roadmap for future growth.

3. Market Diversification: Analyzes recent product launches, untapped geographic regions, major industry advancements, and strategic investments reshaping the market.

4. Competitive Assessment & Intelligence: Provides a thorough analysis of the competitive landscape, examining market share, business strategies, product portfolios, certifications, regulatory approvals, patent trends, and technological advancements of key players.

5. Product Development & Innovation: Highlights cutting-edge technologies, R&D activities, and product innovations expected to drive future market growth.

The report also answers critical questions to aid stakeholders in making informed decisions:

1. What is the current market size, and what is the forecasted growth?

2. Which products, segments, and regions offer the best investment opportunities?

3. What are the key technology trends and regulatory influences shaping the market?

4. How do leading vendors rank in terms of market share and competitive positioning?

5. What revenue sources and strategic opportunities drive vendors' market entry or exit strategies?

Product Code: MRR-030C42D3EDA8

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Exponential adoption of passenger vehicles and need for timely tire maintenance
  - 5.1.1.2. Increasing focus on fuel consumption, vehicular safety, and comfort
  - 5.1.1.3. Government safety regulations regarding tire inflation
- 5.1.2. Restraints
  - 5.1.2.1. High cost of automatic tire inflation system
- 5.1.3. Opportunities
  - 5.1.3.1. Technological advancements in automatic tire inflation system
  - 5.1.3.2. Strategic collaboration to expand into inflation system for truck tires
- 5.1.4. Challenges
  - 5.1.4.1. Technical and performance limitations of automatic tire inflation system
5.2. Market Segmentation Analysis
5.3. Porter's Five Forces Analysis
- 5.3.1. Threat of New Entrants
- 5.3.2. Threat of Substitutes
- 5.3.3. Bargaining Power of Customers
- 5.3.4. Bargaining Power of Suppliers
- 5.3.5. Industry Rivalry
5.4. PESTLE Analysis
- 5.4.1. Political
- 5.4.2. Economic
- 5.4.3. Social
- 5.4.4. Technological
- 5.4.5. Legal
- 5.4.6. Environmental

6. Automatic Tire Inflation System Market, by Type

6.1. Introduction
6.2. Central Tire Inflation System
6.3. Continuous Tire Inflation System

7. Automatic Tire Inflation System Market, by Vehicle Type

7.1. Introduction
7.2. Off-Highway Vehicle
- 7.2.1. Agriculture Vehicles
- 7.2.2. Construction Vehicles
- 7.2.3. Military Vehicles
7.3. On-Highway Vehicle
- 7.3.1. Commercial Vehicle
- 7.3.2. Passenger Vehicles

8. Automatic Tire Inflation System Market, by Component

8.1. Introduction
8.2. Air delivery system
8.3. Compressor
8.4. Housing
8.5. Pressure Gauge & Sensors

9. Automatic Tire Inflation System Market, by Propulsion

9.1. Introduction
9.2. Battery Electric
9.3. Fuel Cell Electric
9.4. Hybrid Electric
9.5. Plug-In Hybrid Electric

10. Automatic Tire Inflation System Market, by Distribution Channel

10.1. Introduction
10.2. Aftermarket
10.3. Original Equipment Manufacturers (OEM)

11. Americas Automatic Tire Inflation System Market

11.1. Introduction
11.2. Argentina
11.3. Brazil
11.4. Canada
11.5. Mexico
11.6. United States

12. Asia-Pacific Automatic Tire Inflation System Market

12.1. Introduction
12.2. Australia
12.3. China
12.4. India
12.5. Indonesia
12.6. Japan
12.7. Malaysia
12.8. Philippines
12.9. Singapore
12.10. South Korea
12.11. Taiwan
12.12. Thailand
12.13. Vietnam

13. Europe, Middle East & Africa Automatic Tire Inflation System Market

13.1. Introduction
13.2. Denmark
13.3. Egypt
13.4. Finland
13.5. France
13.6. Germany
13.7. Israel
13.8. Italy
13.9. Netherlands
13.10. Nigeria
13.11. Norway
13.12. Poland
13.13. Qatar
13.14. Russia
13.15. Saudi Arabia
13.16. South Africa
13.17. Spain
13.18. Sweden
13.19. Switzerland
13.20. Turkey
13.21. United Arab Emirates
13.22. United Kingdom

14. Competitive Landscape

14.1. Market Share Analysis, 2023
14.2. FPNV Positioning Matrix, 2023
14.3. Competitive Scenario Analysis
14.4. Strategy Analysis & Recommendation

Companies Mentioned

1. Airgo Systems by The Dominion Group
2. AME International
3. Aperia Technologies
4. ARI-HETRA
5. ATS ELGI.
6. Bridgestone Corporation
7. Dana Incorporated
8. DeWalt by Stanley Black & Decker, Inc.
9. Excel Tire Gauge
10. Haltec Corporation
11. Meritor, Inc. by Cummins Inc.
12. Michelin
13. Milwaukee Electric Tool Corporation
14. Myers Industries, Inc.
15. Pressure Systems International, Inc.
16. Rotex Automation Limited
17. SAF-HOLLAND
18. Sunrise Instruments Private Limited.
19. The Boler Company
20. The Goodyear Tire & Rubber Company
21. ti.systems GmbH
22. Trans Technologies Company, Inc.
23. Vigia by COLVEN USA LLC
24. WABCO