Global Automotive Automatic Tire Inflation System Market

Automotive Automatic Tire Inflation System Market Size, Share, Growth Analysis, By Application(Light-duty vehicles and Heavy-duty vehicles, On-the-road tires and Off-the-road tires), By Sales Channel(Original Equipment Manufacturers (OEMs) and Aftermarket), By Product(Central tire inflation, Continuous tire inflation) - 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 News

  • In February 2022, Tesla unveiled a groundbreaking patent for an innovative on-the-go tire inflation system designed to cater to both passenger cars and commercial vehicles. This revolutionary system is anticipated to exhibit compatibility with Tesla's upcoming semi-truck model as well. This patent represents a significant stride in Tesla's commitment to pioneering advancements within the automotive industry. The on-the-go tire inflation system, catering to diverse vehicle categories, underscores Tesla's pursuit of innovative solutions aimed at enhancing vehicle performance, efficiency, and safety across their range of vehicles, marking a promising development within the automotive technology sphere.
  • In 2023, BFGoodrich Tires unveiled the BFGoodrich® ActivAir, an innovative fully integrated tire inflation system tailored to elevate off-road capabilities. This cutting-edge system empowers drivers to conveniently adjust tire pressure without needing to exit their seats, presenting a new level of convenience and flexibility in navigating diverse off-road scenarios. This introduction reflects BFGoodrich Tires' commitment to advancing technology aimed at enhancing off-road performance while providing a seamless and user-friendly experience for drivers.
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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).

The competitive environment of the 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'

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.

North America is poised to assert its dominance within the 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.

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Global Automotive Automatic Tire Inflation System Market

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