The automatic tire inflation system market size is projected to reach US$ 1,935.60 million by 2031 from US$ 927.45 million in 2023. The market is expected to register a CAGR of 9.6% in 2022–2031. Increasing electric vehicle sales with the surge in consumer awareness towards the tire pressure monitoring in the off-road and off-highway vehicles drives the market growth. According to the International Energy Agency, global electric vehicle sales reached 14 million in 2023 increased by 18% compared with 2022. China leading the market. China is projected to dominate and account for 70% of global electric bus sales in 2023.
Chinese companies are popular for delivering electric vehicles and have expanded their presence in Latin America and Europe. It signifies the growing demand by the Chinese manufacturers in these regional for sustainable transportation using the automatic tire inflation system drives the market growth. Off-road vehicles such as tractors and construction vehicles. Utility vehicles and others that use an automatic tire inflation system market growth. It improves fuel economy and enhances road safety by reducing tire expenditures, reduces downtime, and reduces maintenance costs. An automatic tire inflation system helps to maintain consistent tire pressure, which reduces costly downtime. It avoids tire blowouts, increases road safety, and improves environmental protection.
An automatic tire inflation system (ATIS) is a technology that automatically maintains proper tire pressure without the need for manual intervention. It consists of valves, sensors, an air compressor, and other components integrated into the vehicle’s tire system. The sensors are used to monitor tire pressure, and automatically preset threshold. An automatic tire inflation system triggers the compressor to inflate the tire at the desired pressure. When the tire pressure exceeds the specified limit, the system releases air to prevent over-inflation. The automatic tire inflation system is driving by increasing off-road vehicle sales across the globe with the surge in the growing adoption of advanced technology to increase fuel efficiency. The automatic tire inflation system is used to improve the fuel efficiency of vehicles across the globe. The automatic tire inflation system is utilized in several commercial heavy-duty vehicles such as buses, vans, trucks, military vehicles , utility vehicles, industrial vehicles, and off-road equipment. This automatic tire inflation system is primarily used to increase safety, improve vehicle fuel efficiency, increase tire life, improve fuel efficiency, and maximize vehicle performance by ensuring maximum tire pressure. Rising demand for the inflated optimum pressure to lower the risk of blowouts, increase traction, and reduce overall tire wear and tear drives the market growth.
Tires have the largest expense for any fleet. Hence, it is important to keep it at the ideal pressure to maximize and improve its life. It reduces unplanned downtime, enhances fuel economy, and improves overall highway safety. According to the US Department of Energy, around 10% of under-inflated vehicle tires decrease fuel efficiency by 1%. Thus, it is important to adopt the automatic tire inflation system for semi-trucks and commercial heavy-duty vehicles that traverse thousands of kilometers annually. Inflated tires do not only wear out rapidly but also do not require more energy which drives the automatic tire inflation system market growth during the forecast period.
The automatic tire inflation system (ATIS) has helped several carriers and industrial vehicle owners to improve their bottom lines. These tire Inflator help to deliver high vehicle performance, reduces CO2 emission per dollar spent and any others.
The integration of various sensors to monitor tire pressure is expected to create ample opportunity for market growth during the forecast period. Several key players are developing advanced technologies based on automatic pressure systems in order to maintain fuel efficiency. For instance, in April 2023, BFGoodrich Tires launched ActivAir, a new tire inflation system that allows off-roaders to maintain their tire pressure without human intervention. ActivAir is an integrated system that enables drivers to adjust tire pressure as per their requirements.
Key segments that contributed to the derivation of the Automatic Tire Inflation System Market analysis are type, platform, application, and end-user.
The geographic scope of the automatic tire inflation system market report is mainly divided into five regions: North America, Europe, Asia Pacific, Middle East & Africa, and South America.
North America will dominate the automatic tire inflation system market in 2023. The North American region includes the US, Canada, and Mexico. According to the North America’s Council for Freight Efficiency, the automatic tire inflation system adoption rate in tractors increased by 168% increase in 2023, while stand-alone system adoption of tire pressure monitoring systems (TPMS) declined by 18% in the same year.
Asia Pacific automatic tire inflation system market is driven by increasing demand from off-highway vehicles and a surge in demand by commercial vehicle owners. Increasing sales of commercial vehicles across China, India, and Japan is a major driving factor for the automatic tire inflation system market growth during the forecast period.
The regional trends and factors influencing the Automatic Tire Inflation System Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Automatic Tire Inflation System Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ 927.45 Million |
| Market Size by 2031 | US$ 1,935.60 Million |
| Global CAGR (2023 - 2031) | 9.6% |
| Historical Data | 2021-2022 |
| Forecast period | 2023-2031 |
| Segments Covered |
By Type
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
The Automatic Tire Inflation System Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the Automatic Tire Inflation System Market are:
Disclaimer: The companies listed above are not ranked in any particular order.
The Automatic Tire Inflation System Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for Automatic Tire Inflation System market and strategies:
The “Automatic Tire Inflation System Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas: