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2021
Automotive Automatic Tire Inflation System (atis) Market

Automotive Automatic Tire Inflation System (ATIS) Market by Product Type (Central Tire Inflation, Continuous Tire Inflation and Others), Application (Passenger Vehicles and Commercial Vehicles) and Sales Channel (OEM and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12681
Pages: NA
Oct 2021 | 167 Views
   
Author(s) : Sonia Mutreja
Tables: NA
Charts: NA
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COVID-19

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Automotive Automatic Tire Inflation System (ATIS) Market Outlook 2030 -

Proper tire inflation is essential in any vehicle for optimum operation on road. Automotive automatic tire inflation system (ATIS) monitors tire air inflation pressure and inflate it in case of decrease in pressure and release it in case of excess air pressure. Automotive automatic tire inflation system (ATIS) uses vehicle’s compressed air tanks or draws from the surrounding using a self-contained pump. Optimum tire inflation pressure improves handling, increase fuel efficiency, reduce braking distance and overheating of tires which can even lead to tire burst. Under-inflation is the major reason of tire burst across the globe. Regions like Europe and America appears to be the prominent markets of automotive automatic tire inflation system.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

 Product type, Application, Sales channel, and Region

 Regions Covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), LAMEA (Latin America, Middle East and Africa).

 Companies Covered

Aperia Technologies, Inc., Bridgestone Corporation, Continental AG, Denso Corporation, Goodyear Tire & Rubber Company, Hankook Tire Co., Ltd., Meritor, Inc., Pressure Systems International, Inc., STEMCO Products Inc.


COVID-19 Impact analysis

The COVID-19 outbreak has affected the growth rate of automotive automatic air tire inflation system market. Number of manufacturing and production units were shut during lockdown in most of the countries. Government regulations on movement from one place to another were strict during COVID period which ceased the growth of global automotive industry. The automotive automatic tire inflation system (ATIS) market growth in the pandemic period was near to stagnant. However, the overall automotive industry is expected to recover slowly in upcoming years after introduction of different economic packages by governments globally to boost economic growth.

Top Impacting Factors

  • Rise in global transportation industry and integration with telematics are two of the major drivers of automotive automatic air inflation system market.
  • Increase in demand of nitrogen tires is hampering demand of ATIS in the global market.
  • Favorable government regulations for tire inflation are making more transport companies to adapt automotive automatic tire inflation system (ATIS) which will act as an opportunity for the market.

Market Trends

Integration with telematics

Telematics consists of technology and informatics. Telematics include advanced tracking devices and sensors installed in vehicles which send, receive and store telemetry data of vehicular operations. It works on own onboard diagnostics systems (ODBI). ODBI decreases fuel efficiency, improves safety and chances of cost manipulation by vehicle drivers. Such benefits offered by telematics make automotive automatic tire inflation system (ATIS) more attractive to improve productivity in eyes of adventure tourists and transport, travel companies. Integration with telematics make air tire inflation system more costly due to which independent vehicle owners find it difficult to purchase. However, with growing concern over road safety and strict regulations that are being imposed by governments globally is making vehicle owners adopt the integrated automatic tire inflation system.

Nitrogen tires substituting compressed air tires

Nitrogen tires have several benefits such as more fuel economy and longer tire life. Which makes it a better alternative over regular compressed air tires. Growing awareness of benefits offered by nitrogen tires is hampering the demand of automotive automatic tire inflation system (ATIS). Moreover, substantial rise in demand for nitrogen tires and tire inflators in the upcoming years is expected. Manufacturers and distributors globally are shifting towards nitrogen tire inflators market and introducing advanced products and vast offerings for the consumers. Gradual shift in the market can affect convention compressed air tire parts industry.

Key Segments Covered

Segment

Subsegment

 By Product Type

  • Central Tire Inflation
  • Continuous Tire Inflation
  • Others

 By Application

  • Passenger Vehicles
  • Commercial Vehicles

 By Sales Channel

  • OEM
  • Aftermarket

 Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa


Key benefits of the report:

  • This study presents the analytical depiction of the tire inflation system industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive automatic tire inflation system market (ATIS).
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the automotive automatic tire inflation system market growth scenario.
  • The report provides a detailed tire inflation system market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions answered in the tire inflation system market research report:

  • Which are the leading market players active in the automotive automatic tire inflation system (ATIS) market?
  • What would be the detailed impact of COVID-19 on the market?
  • What current trends would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive automatic tire inflation system (ATIS) market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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