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The need for novel approaches to enhancing vehicle performance and safety has grown significantly as automotive technology continues to advance. The ATIS market has picked up speed because of its capacity to address basic worries connected with tire strain and execution. As state run administrations and purchasers the same focus on security and ecological worries, the market for ATIS is supposed to encounter supported development.
The ATIS market has also grown significantly because of the growing popularity of commercial vehicles like buses and trucks. Unit administrators and planned operations organizations are perceiving the financial advantages of ATIS, like expanded tire life expectancy and decreased fuel utilization. This pattern is encouraging an ideal market climate, with makers putting resources into innovative work to offer high level ATIS arrangements customized to the necessities of business vehicles.
As car producers endeavor to satisfy administrative guidelines and diminish the carbon impression of vehicles, ATIS has arisen as a suitable arrangement. By keeping up with legitimate tire pressure, ATIS advances fuel utilization, prompting lower emanations and worked on natural manageability. This arrangement with worldwide ecological objectives further upgrades the market elements of the Auto ATIS area. Therefore, customers are given an assortment of ATIS choices, going from essential frameworks to cutting edge, savvy arrangements with incorporated sensors and network highlights.
The market elements are additionally impacted by variables like expense contemplations and the accessibility of elective advances. While ATIS offers significant advantages, producers should offset these benefits with the general expense of execution. Furthermore, the rise of elective innovations, for example, tire pressure observing frameworks (TPMS), represents a test to the far-reaching reception of ATIS. Market players are exploring these difficulties by tending to cost concerns and featuring the novel benefits of ATIS over elective arrangements.
The developing interest for improved vehicle execution and maintainability, especially in the business vehicle section, is driving the market forward. As industry players keep on adjusting to developing business sector patterns and shopper inclinations, the Car ATIS market is ready for supported development and advancement soon.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | By Technology, By Application, By Vehicle type, By Sales Channel |
Automotive Automatic Tire Inflation System Market Highlights:
Automotive Automatic Tire Inflation System Market Overview
Rising innovation in tire systems the automotive automatic tire inflation system market is expected to grow at a high CAGR of 12.5% to account for a higher market value to attain worth USD 107 million during forecasted period 2022 - 2030.
The increasing concern about ride safety and preventing road accidents majorly caused due to tire punctures gives significant growth opportunities for the automotive automatic tire inflation system market in the global market as these are considered the next-generation tires that eliminate the traditional tires which require air pressure. Due to advancements in technology, manufacturers and industry participants can now produce eco-friendly tires using recycled materials. The life of conventional tires is significantly less when compared with the automotive automatic tire inflation system market. The new automotive automatic tire inflation system provides unique features like higher usage in rugged areas, puncture-proof, higher durability,, and many others, making the automotive automatic tire inflation system market propel in the global market.
COVID 19 Analysis
The global pandemic of COVID 19 has affected the financial market in the most abrupt way possible. Now, one has to deal with financial crises and health sector crises. The global pandemic has pushed the economies toward a forced recession in this situation. During the lockdown situation and post lockdown period, most of the manufacturing units of the automotive automatic tire inflation system industry were shut down, and reduced demand led to a downfall in revenues of the automotive automatic tire inflation system market in the global market.
It is expected that the global automotive automatic tire inflation system market will recover from this pandemic situation by the end of the first quarter of the coming year during the forecasted period.
Automotive Automatic Tire Inflation System Market Dynamics
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Drivers
The automotive automatic tire inflation system market is growing tremendously due to its various advantages, like reducing carbon footprints, which provide new raw materials and green materials by recycling the tires and materials used. It also helps in reducing land pollution. Improper tire pressure or underinflated tires make a smaller contact area with the ground resulting in more power generation for the propulsion of vehicles. As per the International Journal of Scientific Development and Research (IJSDR) article published in 2018, underinflated tire by 2 psi decrease the fuel efficiency by 10%. Thus, functional benefits like improper tire inflation reduce the fuel economy. According to Doran Manufacturing (US), a 20% underinflated tire could decrease tire life by 3%.
Another factor driving the automotive automatic tire inflation system market is the convenience and driver assistance like connected features in tires, puncture resistance, low maintenance, replacement cost, and high downtime and loss of person-hours.
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Restraints
Tubeless and nitrogen tires do not support the automatic tire inflation system. The market for nitrogen tires is growing as several manufacturers prefer nitrogen as an inflation gas in tires. Inflating tires with nitrogen improves steering improves, handling, braking, reduce tire oxidation, eliminates interior wheel corrosion, reduces running temperatures, and decreases false alarms from tire pressure monitoring systems.
The automotive automatic tire inflation system market is growing at a fast pace. Still, some factors restrain the growth of the automotive automatic tire inflation system market globally, like the high initial investment owing to high cost at the initial stage and commercialization concerns. Another factor that restricts the growth of the automotive automatic tire inflation system market is the low performance during friction and high speed compared with conventional tires.
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Technology Analysis
Governments in various countries are focusing on tire inflation regulations. The environment protection board in various countries also focuses on tire inflation regulations. The California Environmental Protection Agency mandated that automotive service providers inflated tires at the required air pressure during automotive maintenance or repair services in 2010. In 2022, the California Air Resources Board (ARB) amended its regulations to reduce greenhouse gas emissions from vehicles operating inefficiently with under-inflated tires. A vehicle with a gross vehicle weight rating of 10,000 pounds (lbs.) or less is considered.
The federal regulations also imposed harsh fines for the fleet operators who are tire-related violations carry hefty penalties up to eight points, which can adversely affect the safety record for drivers and fleets. The US EPA and NHTSA applied provisions for the Truck Trailer Manufacturers Association to stay for the provisions for phase 2 greenhouse gas emissions. Eventually, the part of the regulations would have required trailers to be outfitted with either an automatic tire inflation system or tire pressure monitoring system.
Automatic Tire Inflation System Market Segmentation
The automotive automatic tire inflation system market in the global market has been divided based on the following segments mentioned:
By Type
- Central Tire Inflation System
- Continuous Tire Inflation System
By Component
- Rotary Union
- Compressor
- Pressure Sensor
- Housing
- Air Delivery System
- Ecu
- Buffer Tank
By On-Highway Vehicle
- Light-Duty Vehicle
- Heavy-Duty Vehicle
By Off-Highway Vehicle
- Agriculture tractors
- Construction Vehicle
By Electric heavy-duty vehicles
- Battery Electric Vehicle
- Plug-In Hybrid Electric Vehicle
- Fuel Cell Electric Vehicle
By Sales Channel
- OEM
- After Market
- By Region
- Asia Pacific
- North Americ
- Europe
- Rest of the World [RoW]
Market Regional Analysis
The automotive automatic tire inflation system market in the global market has been divided into Europe, Asia-Pacific, North America, and the rest of the world. In 2021, the US was the largest market for automatic tire inflation systems for on-highway vehicles in the region, with a market share of 93.1%, followed by Canada (4.7%) and Mexico (2.2%). The region is expected to witness growth in the automatic tire inflation system market for all vehicle types in the coming years.
Many accidents related to tire malfunctioning occur in the US every year. According to NHTSA, 733 traffic fatalities occurred due to tire malfunctioning in 2016. The NHTSA also estimated that automatic tire inflation systems could save 260,000 accidents.
Competitive Landscape
The most prominent key players in the automotive automatic tire inflation system market in the global market are the following:
- Dana Incorporated (US)
- CLAAS (Germany)
- Enpro Industries (US)
- MICHELIN (France)
- SAF-HOLLAND (Germany)
- MERITOR (US)
- IDEX Corporation (US)
These prominent critical players in the automotive automatic tire inflation system market use various strategies for increasing their customer base in the global market by adopting various competitive strategies like product innovation, partnership and collaboration, mergers and acquisitions, and improvement in the production process.
Recent Developments
Michelin launched Zen@Terra, a comprehensive solution that enables users to adjust the air pressure in tractor tires. Michelin acquired one of the significant European telematics companies, Masternaut (France). Telematics has a significant role in user-friendly and data-driven TPMS, which can be integrated with onboard ATIS/CTIS.
In 2021, John Deere in the US had launched its 8R series tractor with home built ATIS system integrated into them as an option.
The high cost of the functioning system impacts the commercialization of the vehicle and increases the overall costs of the vehicle. The adoption of automatic tire inflation systems is increasing in developed economies in the North American region and Europe. Market manufacturers such as Goodyear (US) and Michelin (France) have developed strong distribution networks for selling automatic tire inflation systems in developed economies. Additionally, the global governments in these developed countries have started promoting automatic tire inflation systems.
Report Outlook
The global automotive automatic tire inflation system market research report consist of the following elements:
- Market Overview
- COVID 19 Analysis
- Market Dynamics
- Value Chain Analysis
- Market Segmentation
- Regional Analysis
- Competitive Landscape
This automotive automatic tire inflation system market research report consists of various driving factors and restraining factors that hamper the growth of the automotive automatic tire inflation system market in the global market. This report also contains the expected growth opportunities during the forecasted period, along with the impact of the global pandemic of COVID 19 on the automotive automatic tire inflation system market. The future growth rate of the automotive automatic tire inflation system market is also estimated and mentioned.
Intended Audience
End-Users of automotive automatic tire inflation system, government and financial institutions, associations, organizations, forums, and alliances related to automotive automatic tire inflation system, Airless Tire Manufacturing Companies, industry experts and other business authorities, research organizations and consulting companies, industry associations, market research and consulting firm, and many others.
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