Automatic Tire Inflation System Market Analysis by 2025

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Automatic Tire Inflation System Market is estimated to be USD 891.6 million in 2018 and is projected to reach USD 1,606.8 million by 2025, at a CAGR of 8.78%. Enhanced fuel efficiency, increased tire life, and decreased downtime are the key factors driving the automatic tire inflation market.
Automatic Tire Inflation System 
The governments have started focusing on safety regulations to reduce road accidents. For instance, the US government was on the verge of mandating automatic tire inflation system in trucks in 2016 to reduce accidents related to tire malfunctioning. This mandate has not been approved until now. The US EPA is also focusing on tire inflation regulations. For instance, since September 1, 2010, the California Environmental Protection Agency mandated automotive service providers to inflate tires at a required air pressure during automotive maintenance or repair services.

Increasing tire and drivetrain life

A properly inflated tire is determinant to increased tire life. Normally, tires should operate at a specific pressure. Heavy vehicles such as tractors and trucks have high load on tires, which affects their tire life. As per Doran Manufacturing (US) analysis, when tires are 20% underinflated, tire life gets decreased by 30%.
The automatic tire inflation systems keep the specific pressure in a tire, resulting in an increased tire life of vehicles. According to the Federal Motor Carrier Safety Administration (FMCSA), the automatic tire inflation system can increase tire life by 10%. The automatic tire inflation system also increases the drivetrain life by decreasing vibrations and shock loading.

The following are the major objectives of the study.

  • To analyze and forecast the market size of the automatic tire inflation system market in terms of volume (’000/million units) and value (USD million/billion)
  • To segment and forecast the market size, on the basis of type, into central and continuous tire inflation system markets
  • To segment and forecast the market size, on the basis of component, into rotary union, compressor, pressure sensor, housing, air delivery system, ECU, and buffer tank
  • To segment and forecast the market size, on the basis of on-highway vehicle type, into passenger car and commercial vehicle
  • To segment and forecast the market size, on the basis of off-highway vehicle type, into agriculture and construction vehicle
  • To segment the market size, on the basis of electric vehicle, into battery electric vehicle, hybrid electric vehicle, plug-in hybrid electric vehicle, and fuel cell electric vehicle
  • To forecast the market size into 4 key regions, namely, North America, Europe, Asia Pacific, and the Rest of the World
  • To provide a detailed analysis of various factors influencing the market (drivers, restraints, opportunities, and challenges)
  • To analyze the regional markets for growth trends, prospects, and their contribution to the overall market
  • To analyze opportunities for stakeholders and details of a competitive landscape for market leaders
  • To strategically profile key players and comprehensively analyze their market share and core competencies
  • To analyze recent developments, alliances, joint ventures, product innovations, and mergers & acquisitions in the automatic tire inflation system market

Target Audience

  • Automotive automatic tire inflation system manufacturers
  • Automotive component manufacturers
  • Automobile manufacturers
  • Automotive technology providers
  • Distributors and suppliers of automotive automatic tire inflation system
  • Electric vehicle manufacturers
  • Industry associations and automotive experts
  • Tier 1, Tier 2, and Tier 3 suppliers
The central tire inflation system is projected to be the largest and fastest growing market segment, by type. Extended tire life, improved productivity, and increased fuel efficiency are the key drivers for growing this market. Central tire inflation systems provide smooth driving conditions for the driver. They offer an advantage over continuous tire inflation systems by creating a larger area between the tire and the surface that limits tire damages.
Passenger car is the fastest growing segment in the automatic tire inflation system market, by on-highway vehicle type. High demand for personal mobility, increasing per capita income, and improved lifestyle are the key factors driving the sales of passenger cars. Safety concerns are growing among consumers and manufacturers. The number of accidents is increasing every year, particularly the ones caused due to damaged tires. As per a report supported by The Safety Institute and led by Quality Control Systems Corp. (QCS) in Feb 2016, in the US, tire-related fatalities have increased by 10.6% from 2013 to 2014. The report also indicated that the death toll from road accidents has increased from 539 in 2013 to 596 in 2014. Accidents related to tire damage can be prevented through the automatic tire inflation systems as they automatically inflate the tire and prevent damages.

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