Global Automotive Automatic Tire Inflation System Market | Growth, Trends, and Forecast (2018 - 2023)
Automotive Automatic Tire Inflation System (ATIS) Market - Segmented by Vehicle (Off-Road Vehicles, Commercial Vehicles), by Sales Channel (OEMs, Aftermarket) and by Geography - Growth, Trends and Forecast (2019 - 2024)

PUBLISHED

OCT 2018

Automotive Automatic Tire Inflation System (ATIS) Market - Segmented by Vehicle (Off-Road Vehicles, Commercial Vehicles), by Sales Channel (OEMs, Aftermarket) and by Geography - Growth, Trends and Forecast (2019 - 2024)

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Overview

The automatic tire inflation system (ATIS) is used to automatically inflate the vehicle tires whenever the internal pressure of the tire drops below the pre-set level. The use of automatic tire inflation systems (ATIS) on their trailers reduce the time spent in Commercial Vehicle Safety Alliance (CVSA) regulated roadside inspections. According to a research study done by Pressure Systems International (PSI), the difference in CVSA inspection time between trailers with ATIS and those without the systems is a reduction, on average, of 17 minutes. The market of automatic tire inflation system is growing swiftly as one of the latest trends in the market is the development of intelligent tire technologies.

The growing concerns about tire safety and constant need for safer driving have raised the adoption rates of ATIS systems especially in developed countries like the United States, Germany, and the United Kingdom. Moreover, the government regulations and safety measures for tire inflation on vehicles have also fuelled the demand in aftermarket players in the market. Furthermore, the availability of the system as a retrofit and improved service and repair facilities offered in the aftermarket due to the rising demand will also drive the market’s growth.

Market Dynamics

The automotive industry around the world is growing rapidly owing to the growing technology. The companies are focusing on facilitating extensive research and development in the tire industry to improve frictional resistance property of the tire products. Such R&D-based activities are notably driving the global automotive automatic tire inflation system (ATIS) market, driving the market.

The high cost of ATIS features consequently hampering the market’s growth. Moreover, lack of trained labor required to manufacture the desired tire products in few emerging economies is also substantially restraining the global automotive automatic tire inflation system (ATIS) market. However, the implementation of attractive trends such as powerful MEMS sensors and SMI technology for better accuracy is expected to reduce the restraints up to a certain extent over the forecast period.

Geographical Analysis       

The global automatic tire inflation system market is led by North America in terms of revenue, mainly due to an exceptionally strong automobile industry present in this region, as well as a high acceptance rate from the companies to use a variety of automatic tire inflation systems in their manufacturing processes. Major players are expanding their business in Asia-Pacific, as the automotive industry is growing in the APAC region. Hence, Asia Pacific is projected to depict rapid development in the global automotive automatic tire inflation system (ATIS) market over the forecast period. Europe is also expected to depict extensive growth owing to a rise in heavy-duty truck sales and partnerships taking place between key players established in this region.

Major Players: Aperia Technologies, Bridgestone, Continental, Good Year, VIGIA, Meritor, CODA Development, Michelin, Hendrickson, Pirelli among others.

Recent Developments:

March 2018: SAF Holland has introduced an automatic tire inflation system designed to maintain consistent air pressure across multiple tires by addressing both under- and over-inflation, and by warning the driver when a tire requires immediate attention.

September 2017: Continental Tire has introduced a system called “ContiConnect” that checks inflation levels in a truck’s tires as it passes an external monitoring station, with data transmitted from sensors integrated into the tires that require no electronics to be installed on the truck.

Report Scope:

Attribute

Details

Base Year for Estimation

2017

Forecast Period

2018 – 2023

Market Representation

Revenue in USD million and CAGR from 2018 – 2023

Regions Covered

North America, Asia Pacific, Europe and Rest of the World

Report Coverage

Revenue forecast, market share analysis, and market dynamics

Reasons to Purchase this Report:

  • Analyzing various perspectives of the market with the help of Porter’s Five Forces Analysis
  • Detailed analysis of the segment that is expected to register the highest growth rate
  • Study on the region and country that are expected to dominate the market
  • Identifying the latest developments, market shares and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate Sheet (in Excel)

Customization of the Report:

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1. INTRODUCTION

1.1 Scope of the Market

1.2 Executive Summary

2. RESEARCH METHODOLOGY

2.1 Study Deliverables

2.2 Study Assumptions

2.3 Research Methodology

3. MARKET OVERVIEW

3.1 Current Market Scenario

3.2 Technology Trends

3.3 Industry Attractiveness – Porter’s Five Forces Analysis

3.3.1 Bargaining Power of Suppliers

3.3.2 Bargaining Power of Buyers

3.3.3 Threat of New Entrants

3.3.4 Threat of Substitute Products and Services

3.3.5 Competitive Rivalry Within the Industry

4. MARKET DYNAMICS

4.1 Divers

4.2 Restraints

4.3 Opportunities

5. MARKET SEGMENTATION AND ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)

5.1 By Vehicle Type

5.1.1 Off-Road Vehicles

5.1.2 Commercial Vehicles

5.2 By Sales Channel

5.2.1 OEMs

5.2.2 Aftermarket

6. REGIONAL MARKET ANALYSIS (MARKET SIZE, GROWTH, AND FORECAST)

6.1 North America

6.1.1 United States

6.1.2 Canada

6.1.3 Rest of North America

6.2 Europe

6.2.1 Germany

6.2.2 United Kingdom

6.2.3 France

6.2.4 Rest of Europe

6.3 Asia-Pacific

6.3.1 China

6.3.2 India

6.3.3 Japan

6.3.4 Rest of Asia-Pacific

6.4  Rest of the World

6.4.1 South America

6.4.2 Middle East & Africa

7. COMPETITIVE LANDSCAPE

7.1 Introduction

7.2 Market Share Analysis

8. COMPANY PROFILES (OVERVIEW, FINANCIALS**, PRODUCTS & SERVICES, SWOT ANALYSIS, AND RECENT DEVELOPMENTS)

8.1 APERIA TECHNOLOGIES

8.2 Bridgestone Corporation

8.3 Continental AG

8.4 Goodyear Tire and Rubber Company

8.5 Meritor, Inc.

8.6 CODA Development

8.7 STEMCO Products Inc. 

8.8 Hankook Tire Hankook Tire group

8.9 Pressure Systems International, Inc.

8.10 Denso Corporation Inc.

9. DISCLAIMER

** Subject to Availability on Public Domain

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