USD 726.2 Million
Report ID:
SQMIG45A2193 |
Region:
Global |
Published Date: November, 2024
Pages:
197
|Tables:
86
|Figures:
66
Automotive Automatic Tire Inflation System Market size was valued at USD 726.2 Million in 2023 and is poised to grow from USD 798.09 Million in 2024 to USD 1698.37 Million by 2032, growing at a CAGR of 9.9% during the forecast period (2025-2032).
Rising emphasis on vehicle safety and growing incidence of accidents due to incorrect tire pressure are expected to bolster the demand for automotive automatic tire inflation systems over the coming years. Imposition of stringent vehicle safety regulations and the need for advanced tire monitoring systems are also slated to create new opportunities for automotive automatic tire inflation system providers in the long run. Efforts of automotive manufacturers to improve performance and fuel efficiency of vehicles are also expected to boost the global automotive automatic tire inflation system market growth in the future. Growing use of commercial vehicles in off-highway and heavy-duty applications is also predicted to open new avenues of business for automotive automatic tire inflation system providers going forward. However, dependence on economic conditions, maintenance and technical challenges, limited awareness in developing regions, and compatibility issues with existing and old vehicles are slated to impede the sales of automotive automatic tire inflation systems across the forecast period and beyond.
Market snapshot - 2025-2032
Global Market Size
USD 726.2 Million
Largest Segment
Central Tire Inflation System
Fastest Growth
Continuous Tire Inflation System
Growth Rate
9.9% CAGR
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Global Automotive Automatic Tire Inflation System Market is segmented by Type, Component, On-highway Vehicle, Off-highway vehicle, Sales Channel and Region. Based on Type, the market is segmented into Central Tire Inflation system, and Continuous Tire Inflation system. Based on Component, the market is segmented into Air Delivery System, Buffer Tank, Compressor, ECU, Housing, Pressure Sensor, and Rotary Union. Based on On-highway Vehicle, the market is segmented into Light Duty Vehicle, and Heavy-Duty Vehicle. Based on Off-highway Vehicle, the market is segmented into Agricultural Tractors, and Construction Equipment. Based on Sales Channel, the market is segmented into OEM and Aftermarket. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Central tire inflation systems are projected to account for a notable chunk of the global automotive automatic tire inflation system market share in the future. High adaptability and on-the-go adjustment capabilities of central tire inflation systems are estimated to create new opportunities for automotive automatic tire inflation system providers via this segment going forward. Military vehicles, agricultural machinery, and off-road vehicles are projected to be key end users of central tire inflation systems owing to their swift adaptability to different terrains and diverse requirements. Moreover, extended tire life offered by utilization of central tire inflation systems is also expected to cement the dominance of this segment in the long run.
On the other hand, the demand for continuous tire inflation systems is expected to rise at a notable pace in the future. The ability to maintain constant tire pressure even if the vehicle is in motion or stationery is what is helping this segment gain popularity around the world. Enhanced fuel efficiency and improved ride quality are the key benefits offered by continuous tire inflation systems making them a mainstay in passenger vehicles. Growing investments in the research and development of novel continuous tire inflation systems are also expected to offer new opportunities for automotive automatic tire inflation system companies going forward.
On-highway vehicles are forecasted to account for a substantial chunk of the global automotive automatic tire inflation system market share in the future. Extensive use of on-highway vehicles around the world and rising sales of passenger cars and commercial vehicles are slated to bolster the dominance of this segment. Increasing emphasis on improving safety of on-highway vehicles to reduce risk of accidents is also slated to promote the use of automotive automatic tire inflation systems via this segment in the long run. Use of automotive automatic tire inflation systems also plays a crucial role in improving the comfort of vehicles, which is a top priority in luxury and premium vehicles.
Meanwhile, the demand for automotive automatic tire inflation systems in off-highway vehicles is slated to rise at a noteworthy CAGR over the coming years. Increasing demand for better vehicles in mining, construction, logistics, and agriculture is expected to help this segment generate new opportunities for automotive automatic tire inflation system providers through 2032. Reduced risk of tire blowouts and safety of different types of terrain are the key reasons for adoption of automotive automatic tire inflation systems in off-highway vehicles. Better performance, efficiency, and reduced shock under heavy loads are also expected to bolster the demand for automotive automatic tire inflation systems via this segment through 2032 and beyond.
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North America is estimated to account for the highest global automotive automatic tire inflation system market share in the future. The imposition of stringent regulations for vehicle safety and the presence of leading automotive manufacturers are expected to aid the dominance of this region. Moreover, the presence of leading tire inflation system providers in this region is also estimated to boost revenue generation going forward. High demand for commercial vehicles is also expected to create an opportune setting for automotive automatic tire inflation system suppliers over the coming years. Targeting Canada and the United States is forecasted to be essential for market players looking to make a mark in the North American region through 2032.
The Asia Pacific region is slated to emerge as the fastest growing market for automotive automatic tire inflation systems in the world. The presence of multiple automotive manufacturers, growing emphasis on improving vehicle safety, and rising sales of vehicles are expected to boost sales of automotive automatic tire inflation systems in this region going forward. China, South Korea, Japan, and India are estimated to be the most opportune markets for automotive automatic tire inflation system vendors in this region. Rapidly increasing infrastructure development and agricultural activities are also expected to boost the demand for commercial vehicles with automotive automatic tire inflation systems.
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Drivers
High Emphasis on Vehicle Safety
Growing cases of road accidents due to lack of vehicle safety systems have led to a high emphasis on vehicle safety. Automatic tire inflation systems (ATIS) enhance vehicle safety by maintaining optimal tire pressure, reducing the risk of blowouts and improving braking efficiency. Properly inflated tires also ensure better handling and stability, there bolstering the global automotive automatic tire inflation system market outlook as well.
Use in Off-Highway and Heavy-Duty Applications
Tire inflation and punctures are a major issue for vehicles that operate off the road and in heavy duty applications. Agriculture, mining, and construction are some of the key industries where off-high and heavy-duty vehicles are used extensively thereby also promoting the demand for automotive automatic tire inflation systems.
Restraints
Maintenance and Technical Complexity
Automotive automatic tire inflation systems industry requires regular maintenance and monitoring to maintain their optimal functionality. Any lapses in maintenance and malfunctions could lead to serious vehicle safety risks. However, the high technical complexity of these systems is expected to further complicate the maintenance process and impede market development going forward.
Dependence on Economic Conditions
Sales of automotive automatic tire inflation systems are closely linked and tied to the automotive and logistics industry verticals. Hence, economic downturns or disruptions can significantly impact the automotive production and logistics industry verticals, which in turn is expected to hurt the global automotive automatic tire inflation system demand through 2032.
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Automotive automatic tire inflation system providers are expected to target the countries with high automotive manufacturing activities. Integration with other vehicle safety systems is also expected to be a key trend for automotive automatic tire inflation system companies in the future. Product innovation is also slated to play a vital role in helping automotive automatic tire inflation system vendors stand out from the competition.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, growing emphasis on vehicle safety improvement and rising demand for tire inflation management in off-highway and heavy-duty vehicles are projected to help boost sales of automotive automatic tire inflation systems going forward. However, maintenance and technical complexity and dependence on economic conditions are expected to slow down sales of automotive automatic tire inflation systems in the future. The North American region is forecasted to spearhead the global automotive automatic tire inflation system market growth owing to high emphasis on vehicle safety and imposition of stringent mandates for vehicle safety. Development of custom tire inflation systems for different vehicles and applications is a major automotive automatic tire inflation system market trend for companies looking to expand their business scope through 2032 and beyond.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 726.2 Million |
Market size value in 2032 | USD 1698.37 Million |
Growth Rate | 9.9% |
Base year | 2024 |
Forecast period | 2025-2032 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Automotive Automatic Tire Inflation System Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automotive Automatic Tire Inflation System Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automotive Automatic Tire Inflation System Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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