Automatic Tire Inflation System Market

Market Leaders - Automatic Tire Inflation System Market

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.

New product launch or developments and acquisitions are the key strategies adopted by market players to achieve growth in the automatic tire inflation system market. WABCO (Belgium), EnPro industries (US), Michelin (France), Goodyear (US), and Dana Incorporated (US) are some of the leading Tier I suppliers in the automatic tire inflation system market.

New product launch is the most adopted strategy by the key players in the automatic tire inflation system market. Tier I suppliers and OEMs such as Michelin (France), Airgo Systems (US), Dana Incorporated (US), WABCO (Belgium), and EnPro industries (US) adopted this strategy to achieve growth in the automatic tire inflation system market.

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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.

Related Reports:

Automatic Tire Inflation System Market by Type (Central & Continuous), Component (ECU, Compressor, & Pressure Sensor), On-Highway Vehicle (PC & CV), Off-Highway Vehicle (Agriculture & Construction), and Region - Global Forecast to 2025

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Report Code
AT 6704
RI Published ON
10/23/2018
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