![Automatic Tire Inflation System Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG25B2014
Report ID:
UCMIG25B2014 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The market for automatic tire inflation systems (ATIS) is anticipated to experience substantial growth in the coming years, with a projected increase from $82 million in 2023 to $138 million by 2028. This growth is expected to occur at a compound annual growth rate (CAGR) of 10.7% throughout the forecast period. The rising demand for heavy-duty vehicles and agricultural tractors is poised to generate favorable conditions for the expansion of the ATIS market.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Tires & Rubber by segment aggregation, the contribution of the Tires & Rubber in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25B2014