Automotive Automatic Tire Inflation System Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 92.40 Million |
| Market Size (2029) | USD 139.30 Million |
| CAGR (2024 - 2029) | > 8.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Europe |
| Market Concentration | Medium |
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*Disclaimer: Major Players sorted in no particular order |
Automotive Automatic Tire Inflation System Market Analysis
The Automotive Automatic Tire Inflation System Atis Market size is estimated at USD 92.40 million in 2024, and is expected to reach USD 139.30 million by 2029, growing at a CAGR of greater than 8.5% during the forecast period (2024-2029).
The global halt of transportation and public movement reduced the usage of passenger cars and commercial vehicles and caused an economic slowdown in the market. However, the projected increase in vehicle sales due to electrification is expected to increase the demand for the market.
The automatic tire inflation system market growth is attributed to the growing concerns about tire safety, and the constant need for safer driving has raised the adoption rates of ATIS systems. It also improves fuel efficiency and passenger comfort.
Moreover, the government regulations and safety measures for tire inflation on vehicles have also fuelled the demand in aftermarket players in the market.
The automotive industry around the world is growing rapidly owing to the growing technology. Also, R&D-based activities in the automatic tire inflation system market are driving the market.
In terms of region, North America registered the largest market share in an automatic tire inflation system, as this region has a well-established automotive industry and a large number of automotive OEMs manufacturers, which is thereby aiding the market growth.
Automotive Automatic Tire Inflation System Market Trends
Increasing demand for Off-road SUVs
The automotive industry around the world is growing rapidly owing to the growing technology. The companies are focusing on facilitating extensive research and development in the tire industry to improve the frictional resistance property of the tire products. Such R&D-based activities are notably driving the global automotive automatic tire inflation system (ATIS) market, driving market.
An automatic tire pressure adjustment system allows the driver to optimize tire inflation pressure from the cab while operating on varying terrains with the simple push of a button. Reducing tire pressure results in a bigger tire footprint, providing increased flotation and traction when operating in soft soil terrain. Although often used in conjunction with all-wheel drive, non-all-wheel drive vehicles with CTIS can outperform all-wheel drive in many soft soil conditions.
Operating vehicles with reduced tire inflation pressure is approved by tire manufacturers when operating at reduced vehicle speeds. The market for Sports Utility Vehicles is seeing maximum growth in India, China, Vietnam, and other Asian countries.
In India, the market for small sport utility vehicles has taken off with the launch of the Renault Duster. Many players like Maruti Suzuki, Honda, Volkswagen, Toyota, Hyundai, Ford, and Nissan have joined or are set to join this booming segment in India. Though the number of Off-road Sport Utility Vehicles is limited in the emerging markets, their numbers will grow rapidly in the future.
North America to Witness Significant Share
The global automatic tire inflation system market is led by North America in terms of revenue, mainly due to an exceptionally strong automobile industry present in this region, and it is a hub for many automotive industry manufacturers. Also, there has been increasing demand for fuel economy, extended tire life, and customer comfort resulting in the growth of the installation of automatic tire inflation systems in vehicles. Moreover, demand for commercial and off-road vehicles is significantly increasing in North America owing to the prominent mining industry and expanding construction industry. This, in turn, is boosting the demand for automatic tire inflation systems in the region.
The growing concerns about tire safety and the constant need for safer driving have raised the adoption rates of ATIS systems, especially in developed countries like the United States, Germany, and the United Kingdom. Moreover, the government regulations and safety measures for tire inflation on vehicles have also fuelled the demand in aftermarket players in the market. Furthermore, the availability of the system as a retrofit and improved service and repair facilities offered in the aftermarket due to the rising demand will also drive the market's growth.
Automotive Automatic Tire Inflation System Industry Overview
The Automotive Automatic Tire Inflator System Market is dominated by several players such as Aperia Technologies, Inc., Bridgestone Corporation, Continental AG, Goodyear Tire & Rubber Company, Meritor, Inc., Michelin Inc., Hendrickson USA, L.L.C., Pirelli & C. S.p.A.
Automotive Automatic Tire Inflation System Market Leaders
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Aperia Technologies, Inc.
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Bridgestone Corporation
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Continental AG
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Goodyear Tire & Rubber Company
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Meritor, Inc.
*Disclaimer: Major Players sorted in no particular order
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Automotive Automatic Tire Inflation System Market News
In Feb 2022, Tesla patented the new on-the-go tire inflation system catering to both passenger cars and commercial vehicles. This system is expected to be compatible with the upcoming semi-truck as well.
Automotive Automatic Tire Inflation System Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Drivers
4.2 Market Restraints
4.3 Porter's Five Forces Analysis
4.3.1 Threat of New Entrants
4.3.2 Bargaining Power of Buyers/Consumers
4.3.3 Bargaining Power of Suppliers
4.3.4 Threat of Substitute Products
4.3.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Vehicle Type
5.1.1 Passenger Cars
5.1.2 Commercial Vehicles
5.2 Application Type
5.2.1 On-the-Road Tire
5.2.2 Off-the-Road Tire
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Rest of North America
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Russia
5.3.2.5 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Rest of the World
5.3.4.1 South America
5.3.4.2 Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Aperia Technologies, Inc.
6.2.2 Bridgestone Corporation
6.2.3 Continental AG
6.2.4 Goodyear Tire & Rubber Company
6.2.5 Meritor, Inc.
6.2.6 STEMCO Products Inc.
6.2.7 CODA Development
6.2.8 Hankook Tire Hankook Tire group
6.2.9 Denso Corporation
6.2.10 Pressure Systems International, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Automotive Automatic Tire Inflation System Industry Segmentation
The Automotive Automatic Tire Inflation System (ATIS) Market is segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), by Application Type (On-the-Road and Off-the-Road), and by Geography (North America, Europe, Asia-Pacific, and Rest of the World). The report offers market size and forecast for Automotive Automatic Tire Inflation System in terms of value (USD) for all the above segments.
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| Application Type | |
| On-the-Road Tire | |
| Off-the-Road Tire |
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Automotive Automatic Tire Inflation System Market Research FAQs
How big is the Automotive Automatic Tire Inflation System Atis Market?
The Automotive Automatic Tire Inflation System Atis Market size is expected to reach USD 92.40 million in 2024 and grow at a CAGR of greater than 8.5% to reach USD 139.30 million by 2029.
What is the current Automotive Automatic Tire Inflation System Atis Market size?
In 2024, the Automotive Automatic Tire Inflation System Atis Market size is expected to reach USD 92.40 million.
Who are the key players in Automotive Automatic Tire Inflation System Atis Market?
Aperia Technologies, Inc., Bridgestone Corporation, Continental AG, Goodyear Tire & Rubber Company and Meritor, Inc. are the major companies operating in the Automotive Automatic Tire Inflation System Atis Market.
Which is the fastest growing region in Automotive Automatic Tire Inflation System Atis Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automotive Automatic Tire Inflation System Atis Market?
In 2024, the Europe accounts for the largest market share in Automotive Automatic Tire Inflation System Atis Market.
What years does this Automotive Automatic Tire Inflation System Atis Market cover, and what was the market size in 2023?
In 2023, the Automotive Automatic Tire Inflation System Atis Market size was estimated at USD 84.55 million. The report covers the Automotive Automatic Tire Inflation System Atis Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automotive Automatic Tire Inflation System Atis Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automotive Automatic Tire Inflation System Industry Report
Statistics for the 2024 Automotive Automatic Tire Inflation System market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automotive Automatic Tire Inflation System analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
