Global Automatic Tire Inflation System Market Report 2018-2025 Featuring Key Players - WABCO, EnPro Industries, Michelin, Goodyear, Dana, SAF-HOLLAND, IDEX, and The Boler Co
DUBLIN, Nov 1, 2018 /PRNewswire/ --
The "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" report has been added to ResearchAndMarkets.com's offering.
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%. Increasing demand for fuel economy is the key factor driving the market.
The automatic tire inflation system market has been segmented by type, component, on-highway vehicle off-highway vehicle, and region. Passenger car is projected to be the fastest growing segment of the market. Safety concerns are growing among consumers and manufacturers. The number of accidents is increasing every year, particularly the ones caused due to damaged tires. Accidents related to tire damage can be prevented through the automatic tire inflation systems as they automatically inflate the tire and prevent damages. These factors boost the growth of the market for passenger cars.
The automatic tire inflation system market has been segmented by type into central and continuous tire inflation system. Central tire inflation system is estimated to be the largest segment of the market, by type. The benefits such as high fuel efficiency and increased safety drive the 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.
The North American region is estimated to dominate the automatic tire inflation system market, in terms of value, in 2018. Automatic tire inflation systems help maintain tire pressure as per the requirement. Therefore, manufacturers are trying to focus on the installation of automatic tire inflation systems in vehicles. This will boost the market in North America. Tubeless and nitrogen tires do not support the automatic tire inflation system. Nitrogen tires offer benefits such as high fuel economy, lower rolling resistance, and IPLR resulting in enhanced service life of vehicles. This will restrain the market.
Central Tire Inflation System
Central tire inflation system (CTIS) automatically adjusts the tire pressure as per the road condition. Generally, CTIS adjusts the air pressure in a tire to form a broader area of contact between the tire and the surface, resulting in seamless driving. By creating a larger area between the tire and the surface, damages to the tire surface are also minimized.
Continous Tire Inflation System
In essence, a continuous tire inflation system works similarly to a CTIS. It also inflates the tires automatically as per the specified levels. A continuous tire inflation system is mostly used in trailers.
Tubeless and nitrogen tires do not support the automatic tire inflation system. Nitrogen tires offer benefits such as high fuel economy, lower rolling resistance, and IPLR resulting in the enhanced service life of vehicles. The market for nitrogen tires is increasing because of the rising number of manufacturers preferring nitrogen as an inflation gas in tires. Companies such as Goodyear (US) and Continental (Germany) support nitrogen as an inflation gas in tires. This will restraint the automatic tire inflation system market.
The key players in the automatic tire inflation system market are WABCO (Belgium), EnPro Industries (US), Michelin (France), Goodyear (US), Dana Incorporated (US), SAF-HOLLAND (Luxembourg), IDEX Corporation (US), and The Boler Company (US). These players are increasingly undertaking mergers and acquisitions, and product launches to develop and introduce new technologies and products in the market.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Automatic Tire Inflation System Market
4.2 Market, By Region, 2018-2025
4.3 Market, By Type, 2018-2025
4.4 Market, By Component, 2018-2025
4.5 Market, By On-Highway Vehicle, 2018-2025
4.6 Market, By Off-Highway Vehicle, 2018-2025
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Fuel Economy
5.2.1.2 Increasing Tire and Drivetrain Life
5.2.1.3 Growing Safety Concerns Over Vehicles
5.2.2 Restraints
5.2.2.1 Increasing Demand for Tubeless and Nitrogen Tires
5.2.3 Opportunities
5.2.3.1 Favorable Government Regulations for Tire Inflation
5.2.3.2 Demand for Increasing Productivity of Vehicle and Reducing Vehicle Downtime
5.2.4 Challenges
5.2.4.1 High Cost of Automatic Tire Inflation System
5.2.4.2 Low Market Awareness and Acceptance Due to High Initial Cost
6 Automatic Tire Inflation System Market, By Type
6.1 Introduction
6.2 Central Tire Inflation System
6.2.1 North America is Estimated to Be the Largest Region in Market
6.3 Continuous Tire Inflation System
6.3.1 RoW is the Fastest Growing Region in Market
7 Automatic Tire Inflation System Market, By Component
7.1 Introduction
7.2 Air Delivery System
7.2.1 North America is Estimated to Be the Largest Market in Air Delivery System Market
7.3 Buffer Tank
7.3.1 Demand for Vehicle Safety to Drive the Buffer Tank Market
7.4 Compressor
7.4.1 Compressor Primarily Used to Increase the Air Pressure in the Automatic Tire Inflation System
7.5 ECU
7.5.1 ECU is Estimated to Be the Largest Market in Automatic Tire Inflation System Market
7.6 Housing
7.6.1 RoW is the Fastest Growing Region in Housing Market
7.7 Pressure Sensor
7.7.1 Pressure Sensor Plays the Primary Role in Identifying Exact Tire Pressure
7.8 Rotary Union
7.8.1 North America is Estimated to Be the Largest Market in Rotary Union Segment
8 Automatic Tire Inflation Market, By On-Highway Vehicle
8.1 Introduction
8.2 Passenger Car
8.2.1 Increasing Demand for Vehicle Safety Drive the Pc Market in Near Future
8.3 Commercial Vehicle
8.3.1 Increasing Government Concerns in North America Over Road Safety is the Key Driver
9 Automatic Tire Inflation System Market, By Off-Highway Vehicle
9.1 Introduction
9.2 Agriculture Vehicles
9.2.1 Agriculture Vehicles Estimated to Be the Largest Market in Off-Highway Vehicle Segment
9.3 Construction Vehicle
9.3.1 Increasing Tire Life, Fuel Efficiency, and Performance Helps to Grow Construction Vehicles Market
10 Automatic Tire Inflation System Market, By Electric Vehicle
10.1 Introduction
10.2 Hybrid Electric Vehicle
10.2.1 Growing Demand for Vehicle Safety Drive the Market for Hybrid Electric Vehicle
10.3 Plug-In Hybrid Electric Vehicle
10.3.1 Increased Tire Life Drives the Market for Plug-In Hybrid Electric Vehicle
10.4 Battery Electric Vehicle
10.4.1 Growing Demand for Vehicle Performance Drives the Market for Battery Electric Vehicle
10.5 Fuel Cell Electric Vehicle
10.5.1 Reducing Tire Wear Gives an Opportunity to Grow Market for Fuel Cell Electric Vehicle
11 Automatic Tire Inflation System Market, By Region
11.1 Introduction
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Central Tire Inflation System Estimated to Be the Largest Segment in China
11.2.2 India
11.2.2.1 Growing Demand for Vehicle Safety Provides Immense Opportunity to Grow Indian Market
11.2.3 Japan
11.2.3.1 Japan Accounted for the Largest Share in Asia Pacific Automatic Tire Inflation System Market
11.2.4 South Korea
11.2.4.1 Central Tire Inflation System is Estimated to Be the Largest and Fastest Growing Market By Value and Volume
11.2.5 Thailand
11.2.5.1 Growing Demand for Vehicle Safety Drives the Market for Thailand
11.2.6 Rest of Asia Pacific
11.2.6.1 Benefits Like Increased Tire Life Drives Rest of Asia Pacific Market
11.3 Europe
11.3.1 France
11.3.1.1 Growing Government Focus on Installation of Automatic Tire Inflation System Will Boost the France Market
11.3.2 Germany
11.3.2.1 Germany Accounted for the Largest Share in Europe Market
11.3.3 Russia
11.3.3.1 Benefits Such as Reduced Tire Wear Will Boost the Russia Market
11.3.4 Spain
11.3.4.1 Central Tire Inflation System is Estimated to Be the Largest and Fastest Growing Market By Value and Volume
11.3.5 Turkey
11.3.5.1 Turkey is Estimated to Be the Fastest Growing Market in Europe
11.3.6 UK
11.3.6.1 Increased Tire Life and Performance Benefits Gives an Opportunity to Grow Automatic Tire Inflation System Market
11.3.7 Rest of Europe
11.3.7.1 Reducing Tire Wear Provides Opportunity to Grow Rest of Europe Market for Automatic Tire Inflation System
11.4 North America
11.4.1 Canada
11.4.1.1 Growing Demand for Vehicle Safety Drives the Canada Market for Automatic Tire Inflation System
11.4.2 Mexico
11.4.2.1 Reducing Tire Wear & Tear Provides Opportunity to Grow Mexican Market for Automatic Tire Inflation System
11.4.3 US
11.4.3.1 US Accounted for the Largest Share in North America Market
11.5 RoW
11.5.1 Brazil
11.5.1.1 Brazil Accounted for the Largest Share in RoW Market
11.5.2 Iran
11.5.2.1 Central Tire Inflation System Accounted for the Largest Share in Iran Market
12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situation & Trends
12.3.1 Product Developments
12.3.2 Mergers & Acquisitions
13 Company Profiles
13.1 Key Players
13.1.1 WABCO
13.1.2 EnPro Industries
13.1.3 Michelin
13.1.4 Goodyear
13.1.5 Dana Incorporated
13.1.6 SAF-HOLLAND
13.1.7 IDEX Corporation
13.1.8 The Boler Company
13.1.9 Airgo Systems
13.1.10 Aperia Technologies
13.1.11 Haltec Corporation
13.1.12 Ti Systems
13.2 Key Players From Other Regions
13.2.1 North America
13.2.1.1 Pressure Systems International
13.2.1.2 Opladen LLC
13.2.1.3 Trans Technologies Company
13.2.1.4 Servitech Industries
13.2.1.5 Vigia
13.2.1.6 Velocity
13.2.2 Europe
13.2.2.1 Tibus Offroad
13.2.2.2 Nexter System
13.2.2.3 Teleflow
13.2.2.4 Raytech Group
13.2.3 Rest of the World (RoW)
13.2.3.1 Bigfoot Equipment
13.2.3.2 AIR CTI
For more information about this report visit https://www.researchandmarkets.com/research/47r64r/global_automatic?w=5
Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716
SOURCE Research and Markets
Share this article