The Automatic Tire Inflation System Market size is projected to be worth USD 2,178.1 million in 2023. The market is likely to reach USD 3,755.9 million by 2033. The market is further expected to surge at a CAGR of 5.6% during the forecast period 2023 to 2033.
Key Market Trends and Highlights
Attributes | Key Insights |
---|---|
Automatic Tire Inflation System Market Estimated Size in 2023 | USD 2,178.1 million |
Projected Market Value in 2033 | USD 3,755.9 million |
Value-based CAGR from 2023 to 2033 | 5.6% |
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The global market for automatic tire inflation system is anticipated to grow at a moderate CAGR of 5.6% over the forecast period 2023 to 2033. As of 2022, the market was valued at USD 2,059.9 million.
Market Value in 2022 | USD 2,059.9 million |
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Market Value in 2023 | USD 2,178.1 million |
During the historical period 2018 to 2022, the automatic tire inflation system market experienced steady growth. The implementation of regulations mandating tire pressure monitoring systems (TPMS) in various regions further stimulated the adoption of ATIS.
Commercial vehicle operators increasingly recognized the benefits of ATIS in terms of reducing maintenance costs, improving fuel efficiency, and enhancing safety, which led to substantial adoption.
The ATIS technology advanced during the historical period from 2018 to 2022, offering more sophisticated features like real time monitoring, data analytics, and integration with telematics systems.
Looking ahead to the period from 2023 to 2033, the ATIS market is expected to continue growing at an accelerated pace due to increasing adoption across various vehicle segments.
While historically, ATIS was predominantly used in commercial vehicles, it is expected to gain more traction in the passenger vehicle market. Consumers will appreciate the safety and fuel efficiency benefits.
ATIS will be increasingly integrated into vehicle design, making it a standard feature in many new vehicles, which will simplify installation and reduce costs. The proliferation of connected and autonomous vehicles is expected to create opportunities for ATIS to play a crucial role in tire maintenance and safety.
The market is anticipated to expand globally as the need for tire maintenance and safety is recognized in emerging markets. The industry is expected to see a greater emphasis on data analytics, where ATIS will not only maintain tire pressure but also provide valuable insights for predictive maintenance and fuel efficiency optimization.
The below table showcases revenues in terms of the top 5 leading countries, spearheaded by India and China. Both countries are expected to lead the market through 2033.
Forecast CAGRs from 2023 to 2033
The United States | 5.4% |
---|---|
Japan | 5.7% |
India | 7.3% |
China | 6.6% |
The United Kingdom | 4.6% |
The automatic tire inflation system market in the United States expected to expand at a CAGR of 5.4% through 2033. The United States has implemented regulations that mandate the use of tire pressure monitoring systems (TPMS) in vehicles.
While TPMS is distinct from ATIS, these regulations have created awareness about tire safety and have paved the way for broader adoption of advanced tire management technologies, including ATIS.
There is a strong emphasis on vehicle safety in the United States. ATIS helps maintain proper tire pressure, reducing the risk of tire blowouts and enhancing vehicle stability, which aligns with the safety priorities of both consumers and fleet operators.
Fuel efficiency is a significant concern for consumers and commercial fleet operators. Proper tire pressure is crucial for fuel efficiency, as under inflated tires lead to increased rolling resistance. ATIS helps ensure optimal tire pressure, resulting in cost savings for fuel and reduced emissions.
The automatic tire inflation system market in India is anticipated to expand at a CAGR of 7.3% through 2033. India has a substantial commercial vehicle market due to the extensive transportation and logistics network of the country.
Fleet operators are increasingly looking to improve the safety and efficiency of their vehicles, making ATIS an attractive investment.
India has a high rate of road accidents, and improving road safety is a priority. ATIS can significantly reduce the risk of accidents due to under inflated tires, making it an appealing technology for both commercial and personal vehicle owners.
India may introduce regulations that mandate the use of tire pressure monitoring systems (TPMS) or other tire management technologies, as road safety concerns grow. The regulations can drive the adoption of ATIS.
The automatic tire inflation system market in Japan is poised to expand at a CAGR of 5.7% through 2033. Japan has a strong emphasis on safety in the automotive industry. ATIS technology helps maintain proper tire pressure, reducing the risk of accidents and blowouts, which aligns with the commitment to road safety of the country.
Japan is known for its high quality manufacturing, which extends to the automotive sector. The reputation for quality aligns well with the implementation of advanced technologies like ATIS.
ATIS technology is becoming more sophisticated, offering real time monitoring and data analytics features. The advancements make ATIS more appealing to both commercial and individual vehicle owners.
Given the role of the country in global supply chains, the efficient and reliable transportation of goods is crucial. ATIS can contribute to supply chain resilience by reducing the risk of tire related incidents and ensuring uninterrupted logistics operations.
Automatic tire inflation system trends in China are taking a turn for the better. A 6.6% CAGR is forecast for the country from 2023 to 2033. China has regulations in place mandating the use of tire pressure monitoring systems (TPMS) in vehicles.
The regulations have increased awareness about tire safety and laid the foundation for the adoption of advanced tire management technologies, including ATIS.
China is working towards reducing carbon emissions and increasing sustainability. ATIS can contribute to these goals by improving fuel efficiency and reducing tire waste associated with maintenance.
China, as a major player in the global economy, relies on efficient and reliable transportation of goods. ATIS can contribute to supply chain resilience by reducing the risk of tire related incidents and ensuring the uninterrupted flow of goods.
The diverse geography of the country, with both urban and rural areas, offers various opportunities for ATIS. The technology can be applied to commercial vehicles operating in different conditions, contributing to safety and efficiency.
The automatic tire inflation system market in the United Kingdom is anticipated to expand at a CAGR of 4.6% through 2033. ATIS technology is evolving with features like real time monitoring, data analytics, and connectivity. The technological advancements make ATIS more attractive to fleet operators and vehicle manufacturers.
The United Kingdom places a strong emphasis on road safety. ATIS can significantly reduce the risk of accidents due to under inflated tires, making it a technology of interest to both commercial and individual vehicle owners.
The country is continually investing in its transportation infrastructure, including smart highways and intelligent transportation systems. The initiatives provide opportunities to integrate ATIS technology into modern transportation infrastructure.
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The below table highlights how utility vehicles segment is projected to lead the market in terms of vehicle type, and is expected to account for a share of 48.5% in 2023. Based on sales channel, the OEM segment is expected to account for a share of 47.5% in 2023.
Category | Shares (in 2023) |
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Utility Vehicles | 48.5% |
OEM | 47.5% |
Based on vehicle type, the utility vehicles segment is expected to continue dominating the automatic tire inflation system market. The segment is expected to account for a share of 48.5% in 2023.
Utility vehicles are often used for off road and on road applications, and they need to perform well in various conditions. Proper tire pressure is crucial for safety and performance, and ATIS helps maintain the optimal tire pressure in a variety of terrains.
Utility vehicles are known for their versatility. They are used for personal transportation, as well as in commercial applications such as delivery and construction. ATIS ensures that these vehicles can adapt to different roles without compromising safety or fuel efficiency.
Many utility vehicles have to carry heavy loads or tow trailers. Maintaining the correct tire pressure is vital for load bearing capacity, and ATIS can help monitor and adjust tire pressure to handle different loads effectively.
Utility vehicles often traverse challenging terrains, including mud, gravel, and rough roads. ATIS helps to keep tire pressure at optimal levels, providing better traction and stability in such conditions, ultimately enhancing safety.
Based on sales channel, the OEM segment is expected to continue dominating the automatic tire inflation system market. The segment is expected to account for a share of 47.5% in 2023.
OEMs offer ATIS as part of a holistic vehicle package, providing seamless integration of the system into the design and functionality of the vehicle. The integration ensures that ATIS operates optimally within the systems of the vehicle, enhancing overall vehicle performance and safety.
Governments in various regions are increasingly implementing safety regulations and standards, which are pushing OEMs to incorporate advanced safety features, including ATIS, in their vehicles to meet these requirements.
ATIS significantly improves tire safety by maintaining proper tire pressure. It helps prevent under inflated tires, which can lead to accidents and blowouts. Vehicle manufacturers, as a result are integrating ATIS to enhance the overall safety of their vehicles.
Fuel efficiency is a top priority for vehicle manufacturers and regulators. ATIS, with its capability to reduce rolling resistance and improve fuel efficiency, is seen as a valuable technology in meeting stringent fuel efficiency standards.
The key strategies chosen by large companies include several growth strategies such as technology development, expansion as well and mergers and acquisitions to surge market share, reach and revenue.
Attribute | Details |
---|---|
Estimated Market Size in 2023 | USD 2,178.1 million |
Projected Market Valuation in 2033 | USD 3,755.9 million |
Value-based CAGR 2023 to 2033 | 5.6% |
Forecast Period | 2023 to 2033 |
Historical Data Available for | 2018 to 2022 |
Market Analysis | Value in USD million |
Key Regions Covered | North America; Latin America; Western Europe; Eastern Europe; South Asia and Pacific; East Asia; The Middle East & Africa |
Key Market Segments Covered | Vehicle Type, Sales Channel, Component, Region |
Key Countries Profiled | The United States, Canada, Brazil, Mexico, Germany, France, France, Spain, Italy, Russia, Poland, Czech Republic, Romania, India, Bangladesh, Australia, New Zealand, China, Japan, South Korea, GCC countries, South Africa, Israel |
Key Companies Profiled | Dana Incorporated; Meritor, Inc.; EnPro Industries, Inc.; Nexter Group; Servitech Industries, Inc.; Hendrickson USA, LLC; Tire Pressure Control International Ltd.; PTG Reifendruckregelsysteme GmbH; Aperia Technologies, Inc.; Systems GmbH; Bigfoot Equipment Ltd.; Tibus Offload Ltd. & Co. KG; AIR CTI; FTL Technology Limited; Col-Ven S.A. |
The automatic tire inflation systems market to be worth USD 2,178.1 million in 2023.
The market is predicted to expand at a CAGR of 5.6% through 2033.
The market is anticipated to account for USD 3,755.93 million by 2033.
ASEAN countries are predicted to provide high growth opportunities.
Utility vehicles extensively deploy automatic tire inflation systems.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Vehicle Type 5.1. Tractors 5.2. Heavy Commercial Vehicles (HCV) 5.3. Utility Vehicles 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Sales Channel 6.1. Original Equipment Manufacturer (OEM) 6.2. Aftermarket 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 7.1. Hub Caps 7.2. Hoses 7.3. Axle & Wheel Component 7.4. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Western Europe 8.4. Eastern Europe 8.5. South Asia and Pacific 8.6. East Asia 8.7. Middle East and Africa 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Western Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. Eastern Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. South Asia and Pacific Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. Middle East and Africa Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Dana Incorporated 18.2. Meritor, Inc. 18.3. EnPro Industries, Inc. 18.4. Nexter Group 18.5. Servitech Industries, Inc. 18.6. Hendrickson USA, L.L.C. 18.7. Tire Pressure Control International Ltd. 18.8. PTG Reifendruckregelsysteme GmbH 18.9. Aperia Technologies, Inc. 18.10. Systems GmbH 18.11. Bigfoot Equipment Ltd. 19. Assumptions & Acronyms Used 20. Research Methodology
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