Market Size of Automotive Automatic Tire Inflation System Atis Industry
| 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 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 |
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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.
Automotive Automatic Tire Inflation System Atis Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Vehicle Type
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2.1.1 Passenger Cars
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2.1.2 Commercial Vehicles
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2.2 Application Type
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2.2.1 On-the-Road Tire
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2.2.2 Off-the-Road Tire
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2.3 Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.1.3 Rest of North America
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 France
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2.3.2.4 Russia
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 India
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2.3.3.2 China
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Rest of the World
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2.3.4.1 South America
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2.3.4.2 Middle-East and Africa
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Automotive Automatic Tire Inflation System Atis Market Size 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.
