Automatic Tire Inflation System Market

Automatic Tire Inflation System Industry - Forthcoming Trends to Fuel the Global Growth

The Automatic tire inflation system market is projected to grow from USD 82 million in 2023 to USD 138 million by 2028, at a CAGR of 10.7% during the forecast period. Demand for increased tire life and improved fuel efficiency for heavy trucks & trailers are driving growth and advancements in the Automatic tire inflation system market.

The automatic tire inflation system industry is undergoing rapid evolution, driven by emerging trends and global forecasts.

Emerging trends in the global Automatic Tire Inflation System Industry are:

  • Fuel Efficiency and Reduced Operating Costs
  • Enhanced Safety and Vehicle Performance
  • Integration with Telematics and Fleet Management Systems
  • Expansion into New Vehicle Segments
  • Focus on Sustainability and Environmental Impact
  • Advancements in Technology and Innovation
  • Regulatory Mandates and Incentives
  • Global Market Expansion and Industry Collaboration

These emerging trends collectively indicate a positive outlook for the global Automatic Tire Inflation System industry, with increasing adoption across different vehicle segments and regions driven by a combination of safety, efficiency, and sustainability benefits.

To know about the assumptions considered for the study download the pdf brochure

  • Fuel Efficiency and Reduced Operating Costs: Automatic tire inflation systems prolong tire life and improve fuel economy by helping to maintain proper tire pressure. As the emphasis on reducing operating costs and increasing vehicle efficiency increases, there is an increasing need for ATIS in commercial vehicles, including trucks, trailers, and buses.
     
  • Enhanced Safety and Vehicle Performance: Properly inflated tires are essential to a vehicle's performance and safety. Tire blowouts, tire failures, and crashes are reduced by ATIS, which ensures that tires are consistently inflated to the correct pressure. It is projected that ATIS adoption would increase globally across many vehicle classifications as safety standards tighten.
     
  • Integration with Telematics and Fleet Management Systems: Automatic tire inflation systems are increasingly being integrated with telematics and fleet management systems to provide real-time monitoring and data analytics capabilities. With these integrated systems, fleet managers can monitor tire performance, spot issues early, and optimize maintenance schedules for better efficiency and reduced expenses.
     
  • Expansion into New Vehicle Segments: Light trucks, off-road vehicles, and military vehicles are among the vehicle categories that are very interested in utilizing ATIS, despite the fact that heavy-duty commercial vehicles have historically been the primary users of this technology. As ATIS technology advances and becomes more affordable, it is expected to find greater application across a broader range of vehicle types.
     
  • Focus on Sustainability and Environmental Impact: Properly inflated tires not only improve fuel efficiency but also reduce wear and extend tire life, reducing the need for tire replacement and lessening the impact on the environment. As fleet operators and automakers prioritize sustainability, it is expected that the usage of ATIS as a green technology would expand.
     
  • Advancements in Technology and Innovation: As sensor technology, pneumatic systems, and control algorithms continue to advance, so do ATIS performance, dependability, and cost-effectiveness. New technologies such as self-monitoring systems, predictive maintenance algorithms, and wireless communication capabilities are enhancing the functionality and value proposition of ATIS.
     
  • Regulatory Mandates and Incentives: Many places are enacting legislation or providing incentives to encourage the usage of automatic tire inflation devices. For example, some governments may require the installation of ATIS on commercial vehicles or offer fleet operators financial incentives to do so in an effort to promote road safety and reduce emissions.
     
  • Global Market Expansion and Industry Collaboration: With more individuals becoming aware of the benefits of ATIS, the global market for automatic tire inflation systems is expanding. Collaboration among industry players to resolve technical issues, create standardized solutions, and share best practices is facilitating the acceptance and global spread of ATIS.

Related Report

Automatic Tire Inflation System Market by Type (Central, Continuous), On-highway Vehicle (LDV, HDV), Off-highway (Agriculture, Construction), Electric Vehicles (Truck, Bus), Sales Channel (OEM, Aftermarket), Component, Region - Global Forecast to 2028

 

Automatic Tire Inflation System Market Size,  Share & Growth Report
Report Code
AT 6704
RI Published ON
5/8/2024
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