What is the global market size of Automotive Automatic Tire Inflation System Market?

Global Automotive Automatic Tire Inflation System Market size was valued at USD 844.8 million in 2022 and is poised to grow from USD 957.16 million in 2023 to USD 2599.10 million by 2031, growing at a CAGR of 13.30% during the forecast period (2024-2031).

Automotive Automatic Tire Inflation System Market Size & Share - Industry Growth

Automotive Automatic Tire Inflation System Market Competitive Landscape

Top Player’s Company Profiles

Cummins Inc (USA)
MICHELIN (France)
Goodyear Tire & Rubber Company (USA)
Continental AG (Germany)
Bridgestone Corporation (Japan)
Pirelli & C. S.p.A. (Italy)
Schrader TPMS Solutions (USA)
Bendix Commercial Vehicle Systems LLC (USA)
Wabco Holdings Inc. (Belgium)
Ravaglioli S.p.A. (Italy)
Haldex AB (Sweden)
Nokian Tyres plc (Finland)
JTEKT Corporation (Japan)
Infineon Technologies AG (Germany)
Schaeffler AG (Germany)
Trelleborg AB (Sweden)
DANA INCORPORATED (USA)
SAF-HOLLAND (Germany)
HALTEC Corporation (USA)

FAQs

Global Automotive Automatic Tire Inflation System Market size was valued at around USD 654.3 million in 2022 and is expected to rise from USD 726.2 million in 2023 to reach a value of USD 1545.38 million by 2031, at a CAGR of 9.9% over the forecast period (2024–2031).

The competitive environment of the global Automotive Automatic Tire Inflation System market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Cummins Inc (USA) ', 'MICHELIN (France) ', 'Goodyear Tire & Rubber Company (USA) ', 'Continental AG (Germany) ', 'Bridgestone Corporation (Japan) ', 'Pirelli & C. S.p.A. (Italy) ', 'Schrader TPMS Solutions (USA) ', 'Bendix Commercial Vehicle Systems LLC (USA) ', 'Wabco Holdings Inc. (Belgium) ', 'Ravaglioli S.p.A. (Italy) ', 'Haldex AB (Sweden) ', 'Nokian Tyres plc (Finland) ', 'JTEKT Corporation (Japan) ', 'Infineon Technologies AG (Germany) ', 'Schaeffler AG (Germany) ', 'Trelleborg AB (Sweden) ', 'DANA INCORPORATED (USA) ', 'SAF-HOLLAND (Germany) ', 'HALTEC Corporation (USA)'

Utility all-terrain vehicles, renowned for their versatility, serve a wide array of sectors spanning military, agriculture, construction, and forestry. The substantial growth witnessed in military operations, agricultural endeavors, and construction activities underscores the increased demand for these vehicles across multiple industries. This escalating demand for utility all-terrain vehicles is poised to have a substantial ripple effect, notably driving a positive trajectory for the automotive automatic tire inflation system market. As these sectors continue to expand significantly, the parallel surge in the utilization of these vehicles is anticipated to contribute significantly to the heightened demand for automatic tire inflation systems within the automotive industry.

The integration of Automatic Tire Inflation Systems (ATIS) with telematics marks a significant leap forward, rendering air tire inflation systems more reliable and technologically advanced. This integration allows for seamless, automated functionality of the system, enhancing its overall efficiency. Furthermore, the growing emphasis on road safety and the imposition of stringent governmental regulations worldwide concerning the incorporation of automatic tire inflation systems into new vehicles are anticipated to unlock fresh opportunities for the expansion of the automotive automatic tire inflation system market in the foreseeable future.

North America is poised to assert its dominance within the global automotive automatic tire inflation system market, primarily driven by its robust and thriving automobile industry. Serving as a hub for numerous automotive manufacturers, the region benefits from a strong foundation within the automotive sector. Furthermore, the substantial demand for commercial and off-road vehicles in North America, fueled by the prominence of the mining industry and the continuous expansion of the construction sector, significantly amplifies the need for automatic tire inflation systems.

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Automotive Automatic Tire Inflation System Market Size, Share, Growth Analysis, By Type (Central Tire Inflation system, Continuous Tire Inflation system), By Component (Air Delivery System, Buffer Tank), By Region - Industry Forecast 2024-2031

Automotive Automatic Tire Inflation System Market Competitive Landscape

Automotive Automatic Tire Inflation System Market Report Snapshots

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Automotive Automatic Tire Inflation System Market Size, Share, Growth Analysis, By Type (Central Tire Inflation system, Continuous Tire Inflation system), By Component (Air Delivery System, Buffer Tank), By Region - Industry Forecast 2024-2031

Automotive Automatic Tire Inflation System Market Competitive Landscape

Automotive Automatic Tire Inflation System Market Report Snapshots

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What is the global market size of Automotive Automatic Tire Inflation System Market?

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