Global Automotive Automatic Tire Inflation System Market

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 2025-2032


Report ID: SQMIG45A2193 | Region: Global | Published Date: November, 2024
Pages: 197 | Tables: 86 | Figures: 66

Automotive Automatic Tire Inflation System Market Insights

Automotive Automatic Tire Inflation System Market size was valued at USD 726.2 Million in 2023 and is poised to grow from USD 798.09 Million in 2024 to USD 1698.37 Million by 2032, growing at a CAGR of 9.9% during the forecast period (2025-2032).

The global automotive automatic tire inflation system market is experiencing robust growth propelled by several key factors. The increased demand for all-terrain and military vehicles, coupled with a surge in the integration of safety features within vehicles, contributes significantly to this expansion. Additionally, the growing emphasis on driving comfort fuels the adoption of these systems. Despite these positive trends, challenges hinder the market's growth worldwide, including the high implementation costs and configuration complexities associated with these systems.

Moreover, the substitution of compressed air tires with nitrogen tires presents an obstacle to market expansion. However, amidst these challenges, there exist promising opportunities driven by technological advancements in vehicles and the integration of automatic tire inflation systems with telematics. These advancements are expected to pave the way for lucrative prospects, fostering the growth of the global automotive automatic tire inflation system market.

The automotive industry is experiencing rapid growth worldwide, largely propelled by the ever-evolving technological landscape. Companies within this sector are directing their attention towards robust research and development initiatives within the tire industry, particularly aimed at enhancing the frictional resistance properties of tire products. These dedicated R&D efforts represent a significant driver behind the burgeoning global market for automotive automatic tire inflation systems (ATIS). The emphasis on advancing tire technology to improve traction and frictional capabilities aligns closely with the escalating demand for more efficient and reliable tire systems, thus catalyzing the growth and adoption of automatic tire inflation systems within the automotive industry.

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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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Global Automotive Automatic Tire Inflation System Market

Report ID: SQMIG45A2193

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