Automotive Automatic Tire Inflation System Atis Market Size (2024 - 2029)

The automotive automatic tire inflation system market is experiencing growth driven by increasing concerns over tire safety and the need for enhanced driving safety, which have led to higher adoption rates of these systems. The market's expansion is further supported by government regulations and safety measures mandating tire inflation standards, boosting demand from aftermarket players. Technological advancements and R&D activities are also contributing to the market's development. North America holds the largest market share due to its established automotive industry and numerous OEM manufacturers, facilitating market growth.

Market Size of Automotive Automatic Tire Inflation System Atis Industry

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Automotive Automatic Tire Inflation System Market Summary
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

Major Players

Automotive Automatic Tire Inflation System Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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.

Vehicle Type
Passenger Cars
Commercial Vehicles
Application Type
On-the-Road Tire
Off-the-Road Tire
Geography
North America
United States
Canada
Rest of North America
Europe
Germany
United Kingdom
France
Russia
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
South America
Middle-East and Africa
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Automotive Automatic Tire Inflation System Atis Market Size Summary

The automotive automatic tire inflation system (ATIS) market is poised for significant growth over the forecast period, driven by increasing concerns about tire safety and the need for enhanced driving safety. The adoption of ATIS systems is being bolstered by their ability to improve fuel efficiency and passenger comfort, alongside compliance with government regulations and safety measures. The market is experiencing a resurgence as vehicle sales rise due to electrification, despite previous economic slowdowns caused by reduced transportation activity. The automotive industry's rapid technological advancements and extensive research and development efforts are further propelling market expansion, with North America leading in market share due to its robust automotive sector and numerous OEM manufacturers.

Regionally, North America dominates the ATIS market, supported by a strong automobile industry and growing demand for fuel economy, extended tire life, and customer comfort. The increasing demand for commercial and off-road vehicles, driven by the mining and construction industries, is also contributing to market growth in this region. Globally, the market is witnessing heightened adoption rates in developed countries like the United States, Germany, and the United Kingdom, where safety concerns and regulatory measures are prominent. The availability of retrofit systems and improved aftermarket services are expected to further stimulate market growth. Key players in the market include Aperia Technologies, Inc., Bridgestone Corporation, Continental AG, and others, with innovations such as Tesla's patented on-the-go tire inflation system highlighting ongoing advancements in the field.

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Automotive Automatic Tire Inflation System Atis Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Drivers

    2. 1.2 Market Restraints

    3. 1.3 Porter's Five Forces Analysis

      1. 1.3.1 Threat of New Entrants

      2. 1.3.2 Bargaining Power of Buyers/Consumers

      3. 1.3.3 Bargaining Power of Suppliers

      4. 1.3.4 Threat of Substitute Products

      5. 1.3.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 Vehicle Type

      1. 2.1.1 Passenger Cars

      2. 2.1.2 Commercial Vehicles

    2. 2.2 Application Type

      1. 2.2.1 On-the-Road Tire

      2. 2.2.2 Off-the-Road Tire

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

        3. 2.3.1.3 Rest of North America

      2. 2.3.2 Europe

        1. 2.3.2.1 Germany

        2. 2.3.2.2 United Kingdom

        3. 2.3.2.3 France

        4. 2.3.2.4 Russia

        5. 2.3.2.5 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 India

        2. 2.3.3.2 China

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 South America

        2. 2.3.4.2 Middle-East and Africa

Automotive Automatic Tire Inflation System Atis Market Size FAQs

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.

In 2024, the Automotive Automatic Tire Inflation System Atis Market size is expected to reach USD 92.40 million.

Automotive Automatic Tire Inflation System Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)