Market Overview

The global automotive automatic tire inflation system market is expected to witness a significant growth during the forecast period of 2021 to 2028. The automatic tire inflation system is a system that allows the tires to maintain the desired pressure without any manual intervention. The system helps in improving fuel efficiency, reduces tire wear, and provides better traction and stability on the road. It is primarily used in heavy-duty vehicles such as trucks and buses, but is also gaining popularity in other types of vehicles.

Meaning

An automatic tire inflation system is an electronic device that automatically inflates or deflates the tires of a vehicle as needed. The system works by constantly monitoring the tire pressure and adding or releasing air as required to maintain the desired pressure. This ensures that the vehicle operates at optimal levels, reducing fuel consumption and wear on the tires.

Executive Summary

The global automotive automatic tire inflation system market is projected to grow at a CAGR of over 5% during the forecast period of 2021 to 2028. The increasing demand for fuel-efficient vehicles, the growing adoption of automatic tire inflation systems in commercial vehicles, and the rising awareness about the benefits of tire pressure monitoring systems are the major factors driving the growth of the market. However, the high cost of installation and maintenance of automatic tire inflation systems, and the lack of awareness about the benefits of these systems among end-users are the major challenges faced by the market.

Important Note: The companies listed in the image above are for reference only. The final study will cover 18–20 key players in this market, and the list can be adjusted based on our client’s requirements.

Key Market Insights

The global automotive automatic tire inflation system market is primarily driven by the increasing demand for fuel-efficient vehicles, the growing adoption of automatic tire inflation systems in commercial vehicles, and the rising awareness about the benefits of tire pressure monitoring systems. The market is also expected to benefit from the growing demand for technologically advanced vehicles, and the increasing focus on reducing greenhouse gas emissions.

On the other hand, the high cost of installation and maintenance of automatic tire inflation systems, and the lack of awareness about the benefits of these systems among end-users are the major challenges faced by the market. In addition, the shortage of skilled labor and the complex nature of the installation process are also major challenges for the market.

Market Drivers

The global automotive automatic tire inflation system market is primarily driven by the following factors:

1. Increasing demand for fuel-efficient vehicles The increasing demand for fuel-efficient vehicles is one of the major drivers of the automotive automatic tire inflation system market. Automatic tire inflation systems help in improving fuel efficiency by maintaining the optimal tire pressure, which reduces the rolling resistance of the vehicle and, consequently, reduces fuel consumption.
2. Growing adoption of automatic tire inflation systems in commercial vehicles The commercial vehicle segment is one of the major end-users of automatic tire inflation systems. The growing adoption of these systems in commercial vehicles, such as trucks and buses, is driving the growth of the market. The use of automatic tire inflation systems in commercial vehicles helps in improving the safety and efficiency of the vehicles, reducing maintenance costs, and increasing the lifespan of the tires.
3. Rising awareness about the benefits of tire pressure monitoring systems The rising awareness about the benefits of tire pressure monitoring systems is another major driver of the market. Tire pressure monitoring systems help in improving the safety of the vehicle by alerting the driver in case of low tire pressure. This reduces the risk of accidents and improves the overall performance of the vehicle.

Market Restraints

The global automotive automatic tire inflation system market is primarily restrained by the following factors:

1. High cost of installation and maintenance of automatic tire inflation systems The high cost of installation and maintenance of automatic tire inflation systems is one of the major challenges faced by the market. The initial cost of installing an automatic tire inflation system is high, which may discourage end-users from adopting these systems. Moreover, the maintenance cost of these systems is also high, which may deter end-users from investing in these systems.

2. Lack of awareness about the benefits of automatic tire inflation systems among end-users The lack of awareness about the benefits of automatic tire inflation systems among end-users is another major challenge for the market. Many end-users are not aware of the benefits of these systems and may not be willing to invest in them. This can hamper the growth of the market.
3. Shortage of skilled labor The shortage of skilled labor is a major challenge for the market. The installation and maintenance of automatic tire inflation systems require skilled labor, which may not be readily available. This can lead to delays in installation and maintenance, and can also increase the cost of these services.

Market Opportunities

The global automotive automatic tire inflation system market offers several opportunities for growth, such as:

1. Growing demand for technologically advanced vehicles The growing demand for technologically advanced vehicles is an opportunity for the market. Automatic tire inflation systems are a technologically advanced solution that can help in improving the safety and efficiency of vehicles. The increasing demand for such systems can lead to a growth in the market.
2. Increasing focus on reducing greenhouse gas emissions The increasing focus on reducing greenhouse gas emissions is an opportunity for the market. Automatic tire inflation systems can help in reducing fuel consumption and, consequently, reduce greenhouse gas emissions. The increasing demand for such systems can lead to a growth in the market.
3. Growing adoption of automatic tire inflation systems in passenger vehicles The growing adoption of automatic tire inflation systems in passenger vehicles is an opportunity for the market. While commercial vehicles are the major end-users of these systems, the growing adoption of these systems in passenger vehicles can lead to a growth in the market.

Market Dynamics

The global automotive automatic tire inflation system market is expected to witness steady growth during the forecast period of 2021 to 2028. The market is primarily driven by the increasing demand for fuel-efficient vehicles, the growing adoption of automatic tire inflation systems in commercial vehicles, and the rising awareness about the benefits of tire pressure monitoring systems.

The market is also expected to benefit from the growing demand for technologically advanced vehicles and the increasing focus on reducing greenhouse gas emissions. However, the high cost of installation and maintenance of automatic tire inflation systems, the lack of awareness about the benefits of these systems among end-users, and the shortage of skilled labor are the major challenges faced by the market.

Regional Analysis

The global automotive automatic tire inflation system market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to hold the largest share of the market during the forecast period. This can be attributed to the presence of a large number of commercial vehicles in the region and the increasing demand for fuel-efficient vehicles.

Asia Pacific is expected to witness significant growth during the forecast period. The region is home to some of the largest automotive markets, such as China and India, which are expected to drive the growth of the market in the region.

Competitive Landscape

Leading Companies in the Automotive Automatic Tire Inflation System Market:

1. Dana Incorporated
2. Hendrickson USA, L.L.C.
3. Pressure Systems International, Inc.
4. STEMCO Products Inc.
5. Aperia Technologies, Inc.
6. PSI – Meritor, Inc.
7. Goodyear Tire & Rubber Company
8. Continental AG
9. Bridgestone Corporation
10. Michelin Group

Please note: This is a preliminary list; the final study will feature 18–20 leading companies in this market. The selection of companies in the final report can be customized based on our client’s specific requirements.

Segmentation

The global automotive automatic tire inflation system market is segmented on the basis of vehicle type, technology, sales channel, and region.

By vehicle type, the market is segmented into commercial vehicles and passenger vehicles.

By technology, the market is segmented into central tire inflation system and continuous tire inflation system.

By sales channel, the market is segmented into original equipment manufacturers (OEMs) and aftermarket.

By region, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World.

Category-wise Insights

Based on vehicle type, the commercial vehicles segment is expected to hold the largest share of the market during the forecast period. This can be attributed to the high demand for automatic tire inflation systems in commercial vehicles, such as trucks and buses, which are used for long-haul transportation.

Based on technology, the central tire inflation system segment is expected to hold the largest share of the market during the forecast period. This can be attributed to the high demand for these systems in military vehicles and off-road vehicles, which require varying tire pressures depending on the terrain.

Based on sales channel, the OEMs segment is expected to hold the largest share of the market during the forecast period. This can be attributed to the increasing adoption of automatic tire inflation systems by OEMs, as these systems help in improving the safety and efficiency of vehicles.

Key Benefits for Industry Participants and Stakeholders

The global automotive automatic tire inflation system market offers several benefits for industry participants and stakeholders, such as:

1. Improved safety and efficiency of vehicles Automatic tire inflation systems help in improving the safety and efficiency of vehicles by maintaining the optimal tire pressure, reducing the risk of accidents, and reducing fuel consumption.
2. Reduced maintenance costs Automatic tire inflation systems can help in reducing maintenance costs by increasing the lifespan of the tires and reducing the frequency of tire replacements.
3. Increased lifespan of tires Automatic tire inflation systems can help in increasing the lifespan of the tires by maintaining the optimal tire pressure, reducing tire wear, and preventing tire failures.

SWOT Analysis

Strengths:

1. Improves fuel efficiency of vehicles
2. Enhances safety of vehicles
3. Reduces maintenance costs

Weaknesses:

1. High installation and maintenance costs
2. Lack of awareness among end-users
3. Shortage of skilled labor

Opportunities:

1. Growing demand for technologically advanced vehicles
2. Increasing focus on reducing greenhouse gas emissions
3. Growing adoption of automatic tire inflation systems in passenger vehicles

Threats:

1. Intense competition among market players
2. Slow adoption rate in some regions
3. Economic downturns

Market Key Trends

Some of the key trends in the global automotive automatic tire inflation system market include:

1. Increasing demand for connected vehicles
2. Growing adoption of electric vehicles
3. Use of innovative materials in tire manufacturing
4. Development of advanced tire pressure monitoring systems

Covid-19 Impact

The global automotive automatic tire inflation system market has been impacted by the Covid-19 pandemic. The pandemic has led to a decline in the demand for vehicles, which has, in turn, affected the demand for automatic tire inflation systems. However, the market is expected to recover in the post-pandemic period, as the demand for fuel-efficient vehicles and technologically advanced solutions is expected to increase.

Key Industry Developments

Some of the key developments in the global automotive automatic tire inflation system market include:

1. In August 2020, Aperia Technologies, Inc. announced the launch of a new automatic tire inflation system for tractors and trailers, called Halo Connect.
2. In September 2020, Goodyear Tire & Rubber Co. announced the launch of a new automatic tire inflation system for commercial vehicles, called the eVOLV.

Analyst Suggestions

According to analysts, the global automotive automatic tire inflation system market is expected to witness significant growth during the forecast period of 2021 to 2028. The market is expected to be driven by the increasing demand for fuel-efficient vehicles, the growing adoption of automatic tire inflation systems in commercial vehicles, and the rising awareness about the benefits of tire pressure monitoring systems. However, the high cost of installation and maintenance of these systems, the lack of awareness about the benefits among end-users, and the shortage of skilled labor are some of the major challenges faced by the market.

To overcome these challenges, analysts suggest that market players should focus on educating end-users about the benefits of automatic tire inflation systems, offer cost-effective installation and maintenance services, and invest in research and development to improve the efficiency and performance of these systems.

Future Outlook

The global automotive automatic tire inflation system market is expected to witness significant growth during the forecast period of 2021 to 2028. The market is expected to be driven by the increasing demand for fuel-efficient vehicles, the growing adoption of automatic tire inflation systems in commercial vehicles, and the rising awareness about the benefits of tire pressure monitoring systems.

In addition, the market is expected to benefit from the growing demand for technologically advanced vehicles and the increasing focus on reducing greenhouse gas emissions. However, the high cost of installation and maintenance of these systems, the lack of awareness among end-users, and the shortage of skilled labor are some of the major challenges faced by the market.

Conclusion

The global automotive automatic tire inflation system market is expected to witness significant growth during the forecast period of 2021 to 2028. The market is primarily driven by the increasing demand for fuel-efficient vehicles, the growing adoption of automatic tire inflation systems in commercial vehicles, and the rising awareness about the benefits of tire pressure monitoring systems.

While the high cost of installation and maintenance of these systems, the lack of awareness among end-users, and the shortage of skilled labor are some of the major challenges faced by the market, there are several opportunities for growth, such as the growing demand for technologically advanced vehicles and the increasing focus on reducing greenhouse gas emissions.

To succeed in this market, industry participants and stakeholders need to focus on educating end-users about the benefits of automatic tire inflation systems, offer cost-effective installation and maintenance services, and invest in research and development to improve the efficiency and performance of these systems.