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3. Automatic Tire Inflation System Market Size & Share - Future Growth Expectations

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 Market is poised for substantial growth in the coming years, driven by several key factors:

• Focus on Vehicle Safety
• Rise in Commercial Vehicle Fleets
• Stringent Environmental Regulations
• Cost Savings and Operational Efficiency
• Technological Advancements and Innovation
• Expansion into New Vehicle Segments
• Government Support and Incentives

These key factors collectively indicate a promising outlook for the Automatic Tire Inflation System market, with substantial growth opportunities anticipated in the coming years as the automotive industry continues to prioritize safety, efficiency, and sustainability.

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

• Focus on Vehicle Safety: In the car industry, safety is the first priority, and stable and safe vehicles depend on properly inflated tires. By assisting in maintaining the ideal tire pressure, automatic tire inflation systems lower the chance of blowouts, tire failures, and collisions. The need for ATIS as a safety-enhancing technology is anticipated to rise across a range of vehicle sectors as international safety rules become more strict.
   
• Rise in Commercial Vehicle Fleets: The increasing demand for freight transportation and urbanization are driving a steady growth in the global commercial vehicle industry, which includes trucks, trailers, and buses. Fleet managers are realizing more and more how ATIS may increase vehicle safety, prolong tire life, and improve fuel economy. The need for ATIS as an affordable and risk-reducing option is anticipated to increase as fleet sizes increase.
   
• Stringent Environmental Regulations: Adoption of sustainable technologies is being fueled by environmental rules that aim to lower car emissions and increase fuel efficiency. Correct tire inflation, made possible by ATIS, lowers emissions and has a positive environmental impact by reducing tire wear and increasing fuel efficiency. It is anticipated that demand for ATIS as a green technology would rise in tandem with the ongoing growth of environmental concerns.
   
• Cost Savings and Operational Efficiency: Automatic tire inflation systems save a lot of money for fleet managers and car owners by extending tire life, lowering fuel consumption, and minimizing tire-related downtime. The use of ATIS is anticipated to increase as a strategic investment to lower total cost of ownership (TCO) and boost profitability, given the increased emphasis on cost optimization and operational efficiency.
   
• Technological Advancements and Innovation: Improvements in ATIS functionality, performance, and dependability are being driven by ongoing developments in sensor technology, pneumatic systems, and control algorithms. The value proposition of ATIS is being enhanced by new technologies, which are broadening its application across various vehicle types and operating situations. These innovations include self-monitoring systems, predictive maintenance algorithms, and wireless communication capabilities.
   
• Expansion into New Vehicle Segments: Although heavy-duty commercial vehicles have historically employed ATIS, there is significant interest in other vehicle categories, including as light trucks, off-road vehicles, and military vehicles, to utilize this technology. ATIS technology is predicted to become more applicable to a wider variety of vehicle types as it continues to advance and become less expensive, which will propel market expansion.
   
• Government Support and Incentives: Incentives or subsidies may be offered by certain governments to promote the adoption of technology that enhance the environmental performance, safety, and efficiency of vehicles. Government backing combined with laws requiring cars to be safer and reducing emissions can make it easier for ATIS to be adopted and stimulate the industry in some areas.

Automatic Tire Inflation System Market Share - Global Industry Landscape

• Dana Incorporated (US)
• MICHELIN (France)
• IDEX Corporation (US)
• Enpro Industries (US)
• MERITOR (US)
• SAF-HOLLAND (Germany)
• CLAAS (Germany)

These companies, along with others in the industry, contribute to the development, manufacturing, and deployment of automatic tire inflation systems globally. While specific market share figures may vary, these companies are recognized for their expertise, innovation, and contributions to the advancement of tire pressure management technology in various applications.

• Dana Incorporated (US): Dana is a leading provider of drivetrain and mobility solutions worldwide, providing a wide range of goods and services to the automotive industry among others. The company serves the demands of fleets of commercial vehicles by offering automatic tire inflation systems as part of its portfolio.
   
• MICHELIN (France): Among the biggest tire producers in the world, Michelin is a pioneer in the automobile sector. The business provides automatic tire inflation systems, like the Michelin AXXIS system, which helps commercial vehicles maintain the ideal tire pressure, enhancing safety and fuel efficiency.
   
• IDEX Corporation (US): IDEX Corporation is a multifaceted multinational producer of industrial goods and technologies, encompassing fluid and metering application solutions. Automatic tire inflation systems are provided by the company's subsidiaries, including Hale Products and Akron Brass, for off-road and specialist vehicle applications.
   
• Enpro Industries (US): Enpro Industries is a multi-sector industrial corporation that operates in the transportation and automotive industries. The company's STEMCO branch meets the needs of commercial transportation fleets by offering automatic tire inflation systems.
   
• MERITOR (US): Meritor is a worldwide provider of commercial vehicle aftermarket, mobility, brake, and drivetrain solutions. As part of its tire pressure management solutions, the company helps fleet operators increase tire life and fuel efficiency by providing automatic tire inflation systems.
   
• SAF-HOLLAND (Germany): Leading provider of top-notch chassis-related systems and parts for trucks, buses, trailers, and recreational vehicles is SAF-HOLLAND. The business provides automatic tire inflation systems that improve tire pressure management and safety in commercial vehicles, such as their SAF Tire Pilot Plus system.
   
• CLAAS (Germany): CLAAS is a multinational manufacturer of agricultural machinery, specializing in tractors, agricultural equipment, and harvesting technology. For its farm equipment, the company offers autonomous tire inflation systems that maximize tire pressure for various field situations and boost farmer output.

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