Automatic Tire Inflation System Market | Business Overview | Forecast to 2025

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The Automatic Tire Inflation System Market is projected to grow at a CAGR of 8.78% during the forecast period, to reach USD 1,606.8 million by 2025 from an estimated USD 891.6 million in 2018. Increasing trend of vehicle safety will positively affect the automatic tire inflation system market. Enhanced the fuel efficiency, increased tire life, and decreased downtime drive the market.
The 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%. The automatic tire inflation system efficiently increases tire life, vehicle performance, and safety. This will help grow the Automatic Tire Inflation System Market in developed as well as developing regions. Growing focus of governments on safety regulations to reduce road accidents is expected to drive the Automatic Tire Inflation System Market.
Don’t miss out on business opportunities Automatic Tire Inflation System Market. Speak to our analyst and gain crucial industry insights that will help your business grow:

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.

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

Key Players

The ecosystem of the automotive automatic tire inflation system market consists Tier I suppliers such as WABCO (Belgium), EnPro Industries (US), Michelin (France), Goodyear (US), Dana Incorporated (US), SAF-HOLLAND (Luxembourg), IDEX Corporation (US), and The Boler Company (US).
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WABCO was founded in 1869 and is headquartered in Brussels, Belgium. The company is a leading supplier of technologies and services that improve the safety, efficiency, and connectivity of commercial vehicles. In October 2017, WABCO acquired Meritor WABCO, a joint venture formed in 1990 between Meritor and WABCO Vehicle Control Systems. The company supplies electronic, mechanical, electro-mechanical, and aerodynamic products to various manufacturers of trucks, buses, trailers, and passenger cars. WABCO-owned Meritor supplies automobile components for military suppliers, trucks, and trailers. It offers Meritor Tire Inflation System (MTIS) under its truck & bus products segment. As of December 2017, WABCO employed around 14,631 people in 40 countries.
Michelin was founded in 1889 and is headquartered in Clermont-Ferrand, France. The company manufactures tires for airplanes, cars, bicycles/motorcycles, earthmovers, farm equipment, and trucks. In November 2017, Michelin acquired automatic tire inflation system suppliers PTG (Germany) and Teleflow (France). The company offers Michelin Auto Inflate an automatic tire inflate system and sells it in the aftermarket. As of December 2017, the company had 114,070 employees. It has presence in 171 countries across the world and operates 70 production facilities in 17 countries.
North America: The largest market for the Automatic Tire Inflation System Market
The North American region is estimated to hold the largest share, by value, of the Automatic Tire Inflation System Market in 2018. The demand for an automatic tire inflation system in this region is triggered by growing vehicle safety concerns. In addition, the North American automotive industry is one of the fastest growing industries in the world and is dominated by domestic OEMs such as Ford Motor Company and General Motors along with established European and Japanese OEMs.
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