DUBLIN--(BUSINESS WIRE)--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 automatic tire inflation system market has been segmented by type, component, on-highway vehicle off-highway vehicle, and region. Passenger car is projected to be the fastest growing segment of the market. Safety concerns are growing among consumers and manufacturers. The number of accidents is increasing every year, particularly the ones caused due to damaged tires.
Accidents related to tire damage can be prevented through the automatic tire inflation systems as they automatically inflate the tire and prevent damages. These factors boost the growth of the market for passenger cars.
Market Dynamics
Drivers
- Increase in Fuel Economy
- Increasing Tire and Drivetrain Life
- Growing Safety Concerns Over Vehicles
Restraints
- Increasing Demand for Tubeless and Nitrogen Tires
Opportunities
- Favorable Government Regulations for Tire Inflation
- Demand for Increasing Productivity of Vehicle and Reducing Vehicle Downtime
Challenges
- High Cost of Automatic Tire Inflation System
- Low Market Awareness and Acceptance Due to High Initial Cost
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automatic Tire Inflation System Market, By Type
7 Automatic Tire Inflation System Market, By Component
8 Automatic Tire Inflation Market, By On-Highway Vehicle
9 Automatic Tire Inflation System Market, By Off-Highway Vehicle
10 Automatic Tire Inflation System Market, By Electric Vehicle
11 Automatic Tire Inflation System Market, By Region
12 Competitive Landscape
13 Company Profiles
Key Players
- WABCO
- EnPro Industries
- Michelin
- Goodyear
- Dana Incorporated
- SAF-HOLLAND
- IDEX Corporation
- The Boler Company
- Airgo Systems
- Aperia Technologies
- Haltec Corporation
- Ti Systems
Key Players From Other Regions
North America
- Pressure Systems International
- Opladen LLC
- Trans Technologies Company
- Servitech Industries
- Vigia
- Velocity
Europe
- Tibus Offroad
- Nexter System
- Teleflow
- Raytech Group
Rest of the World (RoW)
- Bigfoot Equipment
- AIR CTI
For more information about this report visit https://www.researchandmarkets.com/research/v6hlq2/automatic_tire?w=4
