Automatic Tire Inflation Market - Trends Forecast Till 2028

Automatic Tire Inflation Market By Service (Navigation, Operational Data, Remote Diagnostics, Multimedia Streaming, Social Media, OTA updates, On-road assistance, E-call & Sos Assistance, Cybersecurity, Remote Operation, Collision Warning and Others), Hardware (Head Unit, Central Gateway, Intelligent Antenna, Electronic Control Unit, Telematic Control Unit, Keyless Entry System, Sensors), Transponder (Onboard Unit, Roadside Unit), Network (Operational Data, Dedicated Short Range Communication, Cellular) Form (Embedded, Tethered, Integrated), End-Market (Original Equipment Manufacturer (OEM), Aftermarket) Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: August, 2020

Base Year Estimate: 2019

Report ID: D-AU-ATIM-23

Format:  

Number of Pages: 295

Domain: Automotive

Automatic Tire Inflation Market – Trends Forecast Till 2028

The global automatic tire inflation market is anticipated to reach USD 1.2 billion by 2020 growing at a CAGR of 8.1% during the forecasting period, 2020-2028. An automatic tire inflation system is the system that is used for maintaining the proper tire pressure and preventing tire failure. These help in improving the performance and the main aim is for decreasing tire wear and improving the fuel economy.  Factors such as rise in fuel economy and rise in safety concerns over vehicles are some of the major factors for the automatic tire inflation market
Automatic Tire Inflation Market – Trends Forecast Till 2028

The global automatic tire inflation system market is segmented into type, component, vehicle, and geography.

The type segment is segmented into Central Tire Inflation System, Continuous Tire Inflation System

 The component segment is segmented into Air Delivery System, Buffer Tank, Compressor, ECU, Housing, Pressure Sensor, and Rotary Union

The vehicles segment is segmented into On-Highway Vehicle, Off-Highway Vehicle, and Electric Vehicle. On-Highway Vehicle is further segmented into Passenger Car, Commercial Vehicle, Off-Highway Vehicle is further segmented into Agricultural Vehicles, Construction Vehicles. Electric Vehicles is further segmented into Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle, Fuel Cell Electric Vehicle)

Geographically, the global automatic tire inflation system market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions

Europe region is the largest contributor to the augmented intelligence market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028

Key players in the global automatic tire inflation market are Wabco, Enpro Industries, Michelin, Goodyear, Dana Incorporated, SAF-Holland, IDEX Corporation, The Boler Company, Airgo Systems, Aperia Technologies, Haltec Corporation, TI Systems, Pressure Systems International, Opladen LLC, Trans Technologies Company, Servitech Industries, Vigia, VELOCITY, Tibus Offroad, Nexter System, Teleflow, Raytech Group, Bigfoot Equipment, Air CTI among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2019, WABCO has announced to be acquired by the ZF Friedrichshafen which would help both companies to combine their product portfolios which consist of components for vehicle safety and efficiency and serve the OEMs &fleets in the automotive and commercial vehicle industry.
  • In 2019, SAF-Holland has acquired a major stake in PressureGuard which is engaged in distributing automatic tire pressure management solutions.

Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.

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Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the automatic tire inflation market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global automatic tire inflation market. Through secondary, the market is classified and segmented as per industry trends, developments, regional markets, products, and technological developments.

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the automatic tire inflation market.

The primary Respondent breakdown is given below:

Automatic Tire Inflation Market – Trends Forecast Till 2028

Market Sizing 

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the automatic tire inflation market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation 

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact the primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

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  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Features

Description

Market Revenue In 2020

USD 1.2 billion

Growth Rate

CAGR of 8.1% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year

2019

Units Considered

Revenue in USD billion and CAGR from 2020 to 2028

Report Segmentation

Type, Component, Vehicle, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Wabco, Enpro Industries, Michelin, Goodyear, Dana Incorporated, SAF-Holland, IDEX Corporation, The Boler Company, Airgo Systems, Aperia Technologies, Haltec Corporation, TI Systems, Pressure Systems International, Opladen LLC, Trans Technologies Company, Servitech Industries, Vigia, VELOCITY, Tibus Offroad, Nexter System, Teleflow, Raytech Group, Bigfoot Equipment, Air CTI

Available Customization

In addition to the market data for the automatic tire inflation market, Delvens offers client-centric reports and customized according to the company’s specific demand and requirement.

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