The latest market report published by Credence Research, Inc. “Global Automotive Automatic Tire Inflation System Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028. The global automotive automatic tire inflation system market is anticipated to grow at a substantial CAGR of 13.1% in the upcoming years. The global Automotive Automatic Tire Inflation System industry was estimated to be worth USD 684.6 million in 2021 and was expected to be worth USD 1432.88 million by 2028.
Automotive Automatic Tire Inflation System Market Major Challenges are numerous and varied. Firstly, the high cost of these systems is a major challenge, as it can deter buyers who may opt for cheaper alternatives. Additionally, the complexity of installation and maintenance required for automatic tire inflation systems poses another challenge, especially in cases where retrofitting is necessary. Another issue that needs to be addressed is the compatibility between such systems and different types of vehicles or tires. This requires manufacturers to create customized solutions that cater to specific models or tire sizes which can increase costs further.
Segment Performance:
In 2021, the central tire inflation system type segment held the largest market share and is projected to continue its dominance throughout the forecast period. Improved driving conditions, increased fuel efficiency, and enhanced safety are driving the adoption of this system.
The compressor component segment accounted for the largest revenue share in 2021. It plays a vital role in instructing the pressure sensor on the amount of air required for tire inflation.
The heavy-duty on-highway vehicle segment dominated the market in 2021 due to the specific requirements and working conditions of heavy-duty vehicles. Logistics, import-export activities, and agricultural and construction tasks contribute to the demand for automatic tire inflation systems in this segment.
The construction off-highway vehicles segment led the market in 2021. The ability to adjust tire inflation pressure while driving on various terrains using a single button inside the cab is a key factor driving the adoption of automatic tire inflation systems in this segment.
The battery electric vehicles segment held the largest market share in 2021. Manufacturers are focusing on research and development in the electric heavy-duty vehicle segment to improve tire products' frictional resistance.
North America dominated the global automotive automatic tire inflation system market in 2021. The region has a strong automotive industry and numerous original equipment manufacturers, driving market expansion. The United States, in particular, is the leading producer of light commercial vehicles and has a well-developed highway system, contributing to the increased adoption of automatic tire inflation systems.
US Market Performance:
The United States has been at the forefront of the North American automotive automatic tire inflation system industry. The country's advanced automotive sector and significant investments by key manufacturers are driving demand growth. In 2019, the US produced and sold approximately 12,404,698 commercial vehicle units, further increasing the demand for automatic tire inflation systems.
Competitive Landscape:
Major players in the automotive automatic tire inflation system market are heavily investing in manufacturing facilities, research and development, and infrastructure development to stay competitive. These strategies enable them to meet growing demand, enhance product technologies, reduce production costs, and expand their customer base.
Why to Buy This Report-
· The report provides a qualitative as well as quantitative analysis of the global Automotive Automatic Tire Inflation System Market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, the base year- 2021, and the projection period 2022-2028.
· The report includes information on the competitive landscape, such as how the market's top competitors operate at the global, regional, and country levels.
· In-depth analysis of the global market segmentation on the Component and Deployment
· Major nations in each region with their import/export statistics
· The global Automotive Automatic Tire Inflation System Market report also includes the analysis of the market at a global, regional, and country-level along with key market trends, major players analysis, market growth strategies, and key application areas.
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In-depth analysis of Automatic Tire Inflation System Market 2020The Report Titled “Automatic Tire Inflation System Market Report 2020, Competitive Landscape, Trends, and Opportunities” offers an in-depth assessment of the market by looking at the Market Growth, Drivers, Challenges, Opportunities, and Trends for the market to help the readers understand the overall scenario of the Automatic Tire Inflation System industry.
The Automatic Tire Inflation System Market report takes a holistic approach to the market and gives market insights, historical analysis, and verifiable projections pertaining to the market size in the forecast duration.
The estimations derived in this report are deduced by employing precise analytical tools, research methodologies, estimates, and reliable data sources.
The information offered in the report makes it an exhaustive database for all facets of the market categorized into product types, applications, end-user industries, prominent manufacturers, technology, and regional markets.This report covers the recent COVID-19 incidence and its impact on Automatic Tire Inflation System.
This study assesses the current landscape of the ever-evolving business sector and the present and future effects of COVID-19 on the market.
To Get a Free PDF for Accurate Technical Insights, visit @ https://www.reportsanddata.com/sample-enquiry-form/3542 The Automatic Tire Inflation System market intelligence study includes a separate section dedicated to crucial parameters like the pricing structure of vital feedstock and value chain analysis, along with the study of major suppliers of the raw materials.
The Global Automatic Tire Inflation System Market research report presents a comprehensive study on production capacity, consumption, import and export for all the major regions across the world.
By keeping in mind the end user’s point of view, a team of researchers, forecasters, analysts and industry experts work in-depth to formulate this Global Automatic Tire Inflation System Market research report.
The research and analysis carried out in this Global Automatic Tire Inflation System Market report assists clients to forecast investment in an emerging market, expansion of market share or success of a new product.
The important parts of the inflation systems are portable compressor, solenoid valves, pressure sensors, rotatory joints, pressure switch and car battery 12V.
By Type (Central Tire Inflation System, Continuous Tire Inflation System), Component (Air Delivery System, Buffer Tank, Compressor, ECU, Housing, Pressure Sensor, Rotary Union), On-Highway Vehicle (Passenger Car, Commercial Vehicle), Off-Highway Vehicle (Agricultural Vehicles, Construction Vehicles), Electric Vehicles (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle, Fuel Cell Electric Vehicle), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) FACTORS DRIVING GROWTH IN AUTOMOTIVE TIRE INFLATION MARKET Increase demand for the safety of the vehicle According World Health Organization report on Global road safety 2015, Libya has the highest rate of death 73.4 deaths per 100,000 people every year.
Of all road traffic deaths, 90% occur in developing countries, despite them having just 54% of the world’s vehicles.
The latest trending report Global Automatic Tire Inflation System Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025 offered by DecisionDatabases.com is an informative study covering the market with detailed analysis.
The report will assist reader with better understanding and decision making.The global Automatic Tire Inflation System market size is expected to gain market growth in the forecast period of 2020 to 2025, with a CAGR of 8.0% in the forecast period of 2020 to 2025 and will expected to reach USD 2615.5 million by 2025, from USD 1919.7 million in 2019.The Automatic Tire Inflation System market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations.Final Report will cover the impact of COVID-19 on this industry.Browse the complete report and table of contents @ https://www.decisiondatabases.com/ip/22678-automatic-tire-inflation-system-market-analysis-reportThe major players covered in Automatic Tire Inflation System are:PSIPressure GuardNexter Group (KNDS Group)Dana LimitedAperia TechnologiesHendrickson (Boler Company)TELEFLOW (Michelin)Tire Pressure Control InternationalSTEMCO (EnPro Industries)PTG (Michelin)By Type, Automatic Tire Inflation System market has been segmented intoTractorsTrucksTrailersOthersBy Application, Automatic Tire Inflation System has been segmented intoMilitaryCommercialAgricultureThe report offers in-depth assessment of the growth and other aspects of the Automatic Tire Inflation System market in important countries (regions), including:North America (United States, Canada and Mexico)Europe (Germany, France, UK, Russia and Italy)Asia-Pacific (China, Japan, Korea, India and Southeast Asia)South America (Brazil, Argentina, etc.
)Middle East & Africa (Saudi Arabia, Egypt, Nigeria and South Africa)Download Free Sample Report of Global Automatic Tire Inflation System Market @ https://www.decisiondatabases.com/contact/download-sample-22678The content of the study subjects, includes a total of 15 chapters:Chapter 1, to describe Automatic Tire Inflation System product scope, market overview, market opportunities, market driving force and market risks.Chapter 2, to profile the top manufacturers of Automatic Tire Inflation System, with price, sales, revenue and global market share of Automatic Tire Inflation System in 2018 and 2019.Chapter 3, the Automatic Tire Inflation System competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.Chapter 4, the Automatic Tire Inflation System breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2015 to 2020.Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2015 to 2020.Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2015 to 2020.Chapter 12, Automatic Tire Inflation System market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.Chapter 13, 14 and 15, to describe Automatic Tire Inflation System sales channel, distributors, customers, research findings and conclusion, appendix and data source.Purchase the complete Global Automatic Tire Inflation System Market Research Report @ https://www.decisiondatabases.com/contact/buy-now-22678Other Reports by DecisionDatabases.com:Global Tire Cord Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Tire Inner Tube Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025Global Central Tire Inflation System Market 2020 by Manufacturers, Regions, Type and Application, Forecast to 2025About-Us:DecisionDatabases.com is a global business research reports provider, enriching decision makers and strategists with qualitative statistics.
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