Market Size of Automotive Automatic Tire Inflation System Atis Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 8.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
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*Disclaimer: Major Players sorted in no particular order |
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Automotive Automatic Tire Inflation System Market Analysis
The Automotive Automatic Tire Inflation System (ATIS) Market is anticipated to register a CAGR of over 8.5% during the forecast period (2022-2027).
The global halt of transportation and public movement reduced the usage of passenger cars and commercial vehicles and caused an economic slowdown in the market. However, the projected increase in vehicle sales due to electrification is expected to increase the demand for the market.
The automatic tire inflation system market growth is attributed to the growing concerns about tire safety, and the constant need for safer driving has raised the adoption rates of ATIS systems. It also improves fuel efficiency and passenger comfort.
Moreover, the government regulations and safety measures for tire inflation on vehicles have also fuelled the demand in aftermarket players in the market.
The automotive industry around the world is growing rapidly owing to the growing technology. Also, R&D-based activities in the automatic tire inflation system market are driving the market.
In terms of region, North America registered the largest market share in an automatic tire inflation system, as this region has a well-established automotive industry and a large number of automotive OEMs manufacturers, which is thereby aiding the market growth.
