Automotive Automatic Tire Inflation System Atis Market | Contrive Datum Insights

The Global Automotive Automatic Tire Inflation System (ATIS) Market Was Valued At $658.10 Million In 2022, And Is Projected To Reach $2,262.9 Miliion By 2030, Growing At A CAGR Of 13.3% From 2022 To 2030.

Automotive Automatic Tire Inflation System (ATIS) Market Overview:

Shutdowns in transportation and mass transit worldwide have reduced the use of passenger cars and commercial vehicles, resulting in a downturn in the market. However, the expected increase in vehicle sales due to electrification is expected to boost the demand for the market.

The growth of the automatic tire inflation system market is fueled by increasing tire safety concerns and continued demand for safer driving, leading to increased adoption of ATIS systems. It also improves fuel efficiency and passenger comfort.

In addition, government regulations and safety measures on vehicle tire inflation have also fueled the demand from aftermarket players in the market.

Worldwide, the automotive industry is growing rapidly due to advancements in technology. Additionally, R&D-based activities in the automatic tire pressure system market are driving the market.

Geographically, North America held the largest market share for automatic tire pressure systems, as the region has a well-established automotive industry and a large number of automotive OEM manufacturers, helping the market grow.

Automotive Automatic Tire Inflation System (ATIS) Market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Automotive Automatic Tire Inflation System (ATIS) Market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Key Market Updates:

• Michelin has launched Zen@Terra, a comprehensive solution that allows users to adjust the air pressure in their tractor tires. Michelin acquires Masternaut (France), one of Europe's most important telematics companies. Telematics plays an important role in a user-friendly, data-driven TPMS that can integrate with on-board ATIS/CTIS.
• In 2021, John Deere of the United States introduced the 8R series tractor with an optional integrated in-house ATIS system.

Major Market Segments Covered in Automotive Automatic Tire Inflation System (ATIS) Market Industry Research:

Market Key Players:
Meritor, Michelin, Good Year, Aperia Technologies, Bridgestone, Continental, Hankook Tire, Hendrickson, Pirelli, Stemco, Vigia

By Type:

• 30Mpa
• 40Mpa
• Other

By Application:

• Passenger Vehicle
• Commercial Vehicle

By Region:

North America is expected to record the largest market share in 2018 due to growing demand for automobiles in developed countries such as the United States, Canada and Mexico. The increase in production of commercial vehicles is also contributing to the growth of the North American market.

The Asia Pacific region is expected to gain a significant share in 2018 as it emerges as the largest manufacturing hub for automobiles and commercial vehicles due to cheap labor and the availability of raw materials such as iron ore. Moreover, rising disposable income along with increasing demand for passenger vehicles in emerging economies such as China and India are driving the growth of this market in Asia Pacific.

In 2018, Europe is expected to hold a major share of the market due to increasing demand across various end-user industries such as automotive OEMs and aftermarket service providers. Additionally, increasing initiatives by local governments on safety regulations to reduce accidents are also expected to drive the automotive ATIS market in Europe.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Drivers

The market for automotive automatic tire inflation systems is growing tremendously due to various advantages such as reduced carbon footprint by recycling used tires and materials to provide new raw and eco-friendly materials. It also helps reduce soil pollution. Inadequate tire pressure or underinflated tires reduce the contact area with the ground, generating more power to propel the vehicle. According to an International Journal of Scientific Development and Research (IJSDR) article published in 2018, a 2 psi underinflation in tires reduces fuel efficiency by 10%. Thus, functional benefits such as inadequate tire inflation reduce fuel economy. According to Doran Manufacturing (USA), a 20% underinflation in a tire can reduce tire life by 3%.

Other factors driving the market for automotive automatic tire inflation systems are the connected features of tires, convenience and driver assistance such as puncture resistance, low maintenance, replacement cost, high downtime and lost man-hours.

Restraints

Tubeless and nitrogen tires do not support automatic tire inflation systems. The nitrogen tire market is growing as several manufacturers prefer nitrogen as an inflation gas for their tires. Injecting tires with nitrogen improves steering, handling, braking, reduces tire oxidation, eliminates inner wheel corrosion, reduces driving temperature, and reduces false alarms in tire pressure monitoring systems.

The automotive automatic tire inflation system market is growing at a rapid rate. However, some factors such as high cost in early stage and high initial investment due to commercialization concerns restrain the growth of automotive automatic tire inflation system market globally. Another factor limiting the growth of the automotive automatic tire inflation system market is low performance at friction and high speed compared to conventional tires.

Automotive Automatic Tire Inflation System (ATIS) Market report scope:

Key Takeaways from this Automotive Automatic Tire Inflation System (ATIS) Market Report

• Estimate Automotive Automatic Tire Inflation System (ATIS) Market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, applications and by different industry verticals.
• Understand the supply chain in depth on the value growth at each step, in order to optimize value and bring effectiveness in your processes.
• Know the different dynamics affecting the market - challenges, key driving factors and opportunities.
• Get a quick viewpoint on the Automotive Automatic Tire Inflation System (ATIS) Market entropy - M&A's, deals, partnerships, product launches of all key companies for the historical 5 years.
• Estimate the supply-demand gaps, import-export data and regulatory landscape for more than top 20 countries worldwide for the market.
• Get complete insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
• Study the sales and distribution channels over key geographies to improve top-line revenues.

Frequently Asked Questions-

What is the CAGR of Automotive Automatic Tire Inflation System (ATIS) Market?

The Automotive Automatic Tire Inflation System (ATIS) Market is growing at a CAGR of 13.3% During Forecast Period.

 What are the key types of Automotive Automatic Tire Inflation System (ATIS) Market?

30Mpa, 40Mpa, Other

What are the key applications of Automotive Automatic Tire Inflation System (ATIS) Market?

Passenger Vehicle, Commercial Vehicle                                   

Who are the key players in Automotive Automatic Tire Inflation System (ATIS) Market?

Meritor, Michelin, Good Year, Aperia Technologies, Bridgestone, Continental, Hankook Tire, Hendrickson, Pirelli, Stemco, Vigia