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).

Who are the key vendors in the Global Automotive Automatic Tire Inflation System Market?

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. 'ColVen SA', 'Dana Inc.', 'Hendrickson Holdings LLC', 'Meritor Inc.', 'Michelin Group', 'Parker Hannifin Corp.', 'Pressure Systems International Inc.', 'SAF-HOLLAND SE', 'STEMCO Products Inc.', 'ti.systems GmbH'

What is the key driver of Global Automotive Automatic Tire Inflation System Market?

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.

What is the key market trend for Global Automotive Automatic Tire Inflation System Market?

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.

Which region accounted for the largest share in Automotive Automatic Tire Inflation System Market?

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.

Automotive Automatic Tire Inflation System Market Updates

Skyquest Technology's expert advisors continuously track and analyze the latest developments and updates related to automotive automatic tire inflation system market. Our team of analysts stay abreast of all the recent news stories shaping the industry including new product launches by major companies, strategic partnerships, M&As, Patent filings and industry and regulatory developments.

Automotive Automatic Tire Inflation System Market News

In April 2023, BFGoodrich, a renowned American tire manufacturer announced the launch of a new fully integrated tire-inflation system. BFGoodrich® ActivAir is specially designed for off-road enthusiasts to adjust their tire pressures without having to leave their seats and optimize driving in all types of terrains including sand, mud, and rock.
In February 2022, Tesla, a leading electric vehicle manufacturer from the United States was granted a new patent for a novel automatic tire inflation system. The new solution was granted a patent and is expected to be used in the upcoming Tesla Semi electric truck to adjust tire pressure in real time.
In March 2022, Meritor Inc., a renowned supplier of aftermarket components for commercial vehicles announced that it had collaborated with ConMet. The collaboration was aimed at developing purpose-built trailer suspensions, tire inflation systems, and brakes to satisfy evolving e-mobility needs.

Automotive Automatic Tire Inflation System Market Report Snapshots

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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).

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. '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)'

Use in Electric Vehicles: Automotive automatic tire inflation system companies are expected to focus on developing new systems for electric vehicles. Market players are forecasted to develop new systems to meet the unique requirements of EVs, such as enhancing battery efficiency by optimizing rolling resistance through tire pressure control in the long run.

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.

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Automotive Automatic Tire Inflation System Market

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