$1.6 Bn Automatic Tire Inflation System (Central & Continuous) Market - Global Forecast to 2025

Dublin, Nov. 01, 2018 (GLOBE NEWSWIRE) -- The "Automatic Tire Inflation System Market by Type (Central & Continuous), Component (ECU, Compressor, & Pressure Sensor), On-Highway Vehicle (PC & CV), Off-Highway Vehicle (Agriculture & Construction), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The automatic tire inflation system market is estimated to be USD 891.6 million in 2018 and is projected to reach USD 1,606.8 million by 2025, at a CAGR of 8.78%.

The market is principally driven by the benefits such as increased tire life, improved fuel economy, and enhanced safety. Governments in various countries are focusing on tire inflation regulations. In 2016, the US government focused on mandating automatic tire inflation systems in trucks. Environment protection boards in various countries are also focusing on tire inflation regulations. Since September 1, 2010, the California Environmental Protection Agency mandated the automotive service providers to inflate tires at a required air pressure during automotive maintenance or repair services. Hence, government regulations pertaining to tire inflation will play a major role in the automatic tire inflation system market in the coming years.

ECU to hold the largest share of the automatic tire inflation system market, by component

The ECU, which is a major component of the automatic tire inflation, is estimated to be the largest market, in terms of value. It is used to control the pressure sensor in the automatic tire inflation system. It guides the pressure sensor to detect the amount of air needed to inflate the tires. The price of the ECU is higher than any other component in the automatic tire inflation system. ECU manufacturers are now focusing on economies of scale for reducing the price. Reducing price will help drive the automatic tire inflation system market.

Agriculture Vehicles: The largest market in the automatic tire inflation system market, by off-highway vehicles

Agriculture vehicle is estimated to be the largest market, in terms of value. Agriculture vehicles such as tractors and harvesters require low tire pressure for better operation and high fuel efficiency. When tire pressure reduces, the footprint of the tire becomes broader, and the load gets circulated over a larger area. Load circulation helps decrease the motion resistance in soft soils. As the tire pressure reduces, the fuel efficiency and performance of the tires improve. The automatic tire inflation system automatically lowers the tire pressure of agriculture vehicles, which results in better fuel efficiency and high performance. Hence, these factors will drive the automatic tire inflation system market for agriculture vehicle.

Rest of the World: The fastest growing region in the automatic tire inflation system market

The RoW market is projected to grow at the highest CAGR during the forecast period. Increasing demand for vehicle safety and increased tire life will drive the automatic tire inflation system market. The demand for increasing productivity of vehicle and reducing vehicle downtime create an opportunity for manufacturers to up the demand for automatic tire inflation systems.

Major players profiled in the report are:

• WABCO (Belgium)
• EnPro Industries (US)
• Michelin (France)
• Goodyear (US)
• Dana Incorporated (US)
• SAF-HOLLAND (Luxembourg)
• IDEX Corporation (US)
• The Boler Company (US)
  

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Automatic Tire Inflation System Market
4.2 Market, By Region, 2018-2025
4.3 Market, By Type, 2018-2025
4.4 Market, By Component, 2018-2025
4.5 Market, By On-Highway Vehicle, 2018-2025
4.6 Market, By Off-Highway Vehicle, 2018-2025

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increase in Fuel Economy
5.2.1.2 Increasing Tire and Drivetrain Life
5.2.1.3 Growing Safety Concerns Over Vehicles
5.2.2 Restraints
5.2.2.1 Increasing Demand for Tubeless and Nitrogen Tires
5.2.3 Opportunities
5.2.3.1 Favorable Government Regulations for Tire Inflation
5.2.3.2 Demand for Increasing Productivity of Vehicle and Reducing Vehicle Downtime
5.2.4 Challenges
5.2.4.1 High Cost of Automatic Tire Inflation System
5.2.4.2 Low Market Awareness and Acceptance Due to High Initial Cost

6 Automatic Tire Inflation System Market, By Type
6.1 Introduction
6.2 Central Tire Inflation System
6.2.1 North America is Estimated to Be the Largest Region in Market
6.3 Continuous Tire Inflation System
6.3.1 RoW is the Fastest Growing Region in Market

7 Automatic Tire Inflation System Market, By Component
7.1 Introduction
7.2 Air Delivery System
7.2.1 North America is Estimated to Be the Largest Market in Air Delivery System Market
7.3 Buffer Tank
7.3.1 Demand for Vehicle Safety to Drive the Buffer Tank Market
7.4 Compressor
7.4.1 Compressor Primarily Used to Increase the Air Pressure in the Automatic Tire Inflation System
7.5 ECU
7.5.1 ECU is Estimated to Be the Largest Market in Automatic Tire Inflation System Market
7.6 Housing
7.6.1 RoW is the Fastest Growing Region in Housing Market
7.7 Pressure Sensor
7.7.1 Pressure Sensor Plays the Primary Role in Identifying Exact Tire Pressure
7.8 Rotary Union
7.8.1 North America is Estimated to Be the Largest Market in Rotary Union Segment

8 Automatic Tire Inflation Market, By On-Highway Vehicle
8.1 Introduction
8.2 Passenger Car
8.2.1 Increasing Demand for Vehicle Safety Drive the Pc Market in Near Future
8.3 Commercial Vehicle
8.3.1 Increasing Government Concerns in North America Over Road Safety is the Key Driver

9 Automatic Tire Inflation System Market, By Off-Highway Vehicle
9.1 Introduction
9.2 Agriculture Vehicles
9.2.1 Agriculture Vehicles Estimated to Be the Largest Market in Off-Highway Vehicle Segment
9.3 Construction Vehicle
9.3.1 Increasing Tire Life, Fuel Efficiency, and Performance Helps to Grow Construction Vehicles Market

10 Automatic Tire Inflation System Market, By Electric Vehicle
10.1 Introduction
10.2 Hybrid Electric Vehicle
10.2.1 Growing Demand for Vehicle Safety Drive the Market for Hybrid Electric Vehicle
10.3 Plug-In Hybrid Electric Vehicle
10.3.1 Increased Tire Life Drives the Market for Plug-In Hybrid Electric Vehicle
10.4 Battery Electric Vehicle
10.4.1 Growing Demand for Vehicle Performance Drives the Market for Battery Electric Vehicle
10.5 Fuel Cell Electric Vehicle
10.5.1 Reducing Tire Wear Gives an Opportunity to Grow Market for Fuel Cell Electric Vehicle

11 Automatic Tire Inflation System Market, By Region
11.1 Introduction
11.2 Asia Pacific
11.2.1 China
11.2.1.1 Central Tire Inflation System Estimated to Be the Largest Segment in China
11.2.2 India
11.2.2.1 Growing Demand for Vehicle Safety Provides Immense Opportunity to Grow Indian Market
11.2.3 Japan
11.2.3.1 Japan Accounted for the Largest Share in Asia Pacific Automatic Tire Inflation System Market
11.2.4 South Korea
11.2.4.1 Central Tire Inflation System is Estimated to Be the Largest and Fastest Growing Market By Value and Volume
11.2.5 Thailand
11.2.5.1 Growing Demand for Vehicle Safety Drives the Market for Thailand
11.2.6 Rest of Asia Pacific
11.2.6.1 Benefits Like Increased Tire Life Drives Rest of Asia Pacific Market
11.3 Europe
11.3.1 France
11.3.1.1 Growing Government Focus on Installation of Automatic Tire Inflation System Will Boost the France Market
11.3.2 Germany
11.3.2.1 Germany Accounted for the Largest Share in Europe Market
11.3.3 Russia
11.3.3.1 Benefits Such as Reduced Tire Wear Will Boost the Russia Market
11.3.4 Spain
11.3.4.1 Central Tire Inflation System is Estimated to Be the Largest and Fastest Growing Market By Value and Volume
11.3.5 Turkey
11.3.5.1 Turkey is Estimated to Be the Fastest Growing Market in Europe
11.3.6 UK
11.3.6.1 Increased Tire Life and Performance Benefits Gives an Opportunity to Grow Automatic Tire Inflation System Market
11.3.7 Rest of Europe
11.3.7.1 Reducing Tire Wear Provides Opportunity to Grow Rest of Europe Market for Automatic Tire Inflation System
11.4 North America
11.4.1 Canada
11.4.1.1 Growing Demand for Vehicle Safety Drives the Canada Market for Automatic Tire Inflation System
11.4.2 Mexico
11.4.2.1 Reducing Tire Wear & Tear Provides Opportunity to Grow Mexican Market for Automatic Tire Inflation System
11.4.3 US
11.4.3.1 US Accounted for the Largest Share in North America Market
11.5 RoW
11.5.1 Brazil
11.5.1.1 Brazil Accounted for the Largest Share in RoW Market
11.5.2 Iran
11.5.2.1 Central Tire Inflation System Accounted for the Largest Share in Iran Market

12 Competitive Landscape
12.1 Overview
12.2 Market Ranking Analysis
12.3 Competitive Situation & Trends
12.3.1 Product Developments
12.3.2 Mergers & Acquisitions

13 Company Profiles
13.1 Key Players
13.1.1 WABCO
13.1.2 EnPro Industries
13.1.3 Michelin
13.1.4 Goodyear
13.1.5 Dana Incorporated
13.1.6 SAF-HOLLAND
13.1.7 IDEX Corporation
13.1.8 The Boler Company
13.1.9 Airgo Systems
13.1.10 Aperia Technologies
13.1.11 Haltec Corporation
13.1.12 Ti Systems
13.2 Key Players From Other Regions
13.2.1 North America
13.2.1.1 Pressure Systems International
13.2.1.2 Opladen LLC
13.2.1.3 Trans Technologies Company
13.2.1.4 Servitech Industries
13.2.1.5 Vigia
13.2.1.6 Velocity
13.2.2 Europe
13.2.2.1 Tibus Offroad
13.2.2.2 Nexter System
13.2.2.3 Teleflow
13.2.2.4 Raytech Group
13.2.3 Rest of the World (RoW)
13.2.3.1 Bigfoot Equipment
13.2.3.2 AIR CTI

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                    Related Topics: Cars, Automotive Tires