What is the global market size of Automotive Automatic Tire Inflation System Market?

Global Automotive Automatic Tire Inflation System Market size was valued at USD 844.8 million in 2022 and is poised to grow from USD 957.16 million in 2023 to USD 2599.10 million by 2031, growing at a CAGR of 13.30% during the forecast period (2024-2031).

Automotive Automatic Tire Inflation System Market Size, Share, Growth Analysis, By Type(Central Tire Inflation system, and Continuous Tire Inflation system), By Component(Air Delivery System, Buffer Tank, Compressor, ECU), By On-highway Vehicle(Light Duty Vehicle, Heavy Duty Vehicle), By Off-highway Vehicle(Agricultural Tractors, Construction Equipment), By Sales Channel(OEM and Aftermarket), By Region - Industry Forecast 2024-2031

Report ID: SQMIG45A2193 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 86 | Figures: 66

Automotive Automatic Tire Inflation System Market Regional Insights

North America is poised to assert its dominance within the global automotive automatic tire inflation system market, primarily driven by its robust and thriving automobile industry. Serving as a hub for numerous automotive manufacturers, the region benefits from a strong foundation within the automotive sector. Furthermore, the substantial demand for commercial and off-road vehicles in North America, fueled by the prominence of the mining industry and the continuous expansion of the construction sector, significantly amplifies the need for automatic tire inflation systems.

Asia-Pacific is anticipated to sustain its leading position throughout the forecast period, primarily attributable to the escalating demand for advanced vehicle features across various Asian countries. The region's dominance stems from a continuous surge in the desire for enhanced functionalities within vehicles, driving the need for advanced technologies and systems. This persistent demand for cutting-edge features contributes significantly to Asia-Pacific's ongoing lead in the automotive market, underscoring the region's pivotal role in steering the adoption and integration of innovative solutions within vehicles.

Automotive Automatic Tire Inflation System Market Report Snapshots

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Global Automotive Automatic Tire Inflation System Market size was valued at around USD 654.3 million in 2022 and is expected to rise from USD 726.2 million in 2023 to reach a value of USD 1545.38 million by 2031, at a CAGR of 9.9% over the forecast period (2024–2031).

The competitive environment of the global Automotive Automatic Tire Inflation System market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry. 'Cummins Inc (USA) ', 'MICHELIN (France) ', 'Goodyear Tire & Rubber Company (USA) ', 'Continental AG (Germany) ', 'Bridgestone Corporation (Japan) ', 'Pirelli & C. S.p.A. (Italy) ', 'Schrader TPMS Solutions (USA) ', 'Bendix Commercial Vehicle Systems LLC (USA) ', 'Wabco Holdings Inc. (Belgium) ', 'Ravaglioli S.p.A. (Italy) ', 'Haldex AB (Sweden) ', 'Nokian Tyres plc (Finland) ', 'JTEKT Corporation (Japan) ', 'Infineon Technologies AG (Germany) ', 'Schaeffler AG (Germany) ', 'Trelleborg AB (Sweden) ', 'DANA INCORPORATED (USA) ', 'SAF-HOLLAND (Germany) ', 'HALTEC Corporation (USA)'

Utility all-terrain vehicles, renowned for their versatility, serve a wide array of sectors spanning military, agriculture, construction, and forestry. The substantial growth witnessed in military operations, agricultural endeavors, and construction activities underscores the increased demand for these vehicles across multiple industries. This escalating demand for utility all-terrain vehicles is poised to have a substantial ripple effect, notably driving a positive trajectory for the automotive automatic tire inflation system market. As these sectors continue to expand significantly, the parallel surge in the utilization of these vehicles is anticipated to contribute significantly to the heightened demand for automatic tire inflation systems within the automotive industry.

The integration of Automatic Tire Inflation Systems (ATIS) with telematics marks a significant leap forward, rendering air tire inflation systems more reliable and technologically advanced. This integration allows for seamless, automated functionality of the system, enhancing its overall efficiency. Furthermore, the growing emphasis on road safety and the imposition of stringent governmental regulations worldwide concerning the incorporation of automatic tire inflation systems into new vehicles are anticipated to unlock fresh opportunities for the expansion of the automotive automatic tire inflation system market in the foreseeable future.

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Automotive Automatic Tire Inflation System Market Regional Insights

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