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(I-AutoNewsWire.com, August 09, 2018 ) A system that enables consistent monitoring of the air pressure in the tires and the subsequent action of inflating or deflating the tire as and when required depending upon the surface of the terrain is an automatic tire inflation system. The automatic tire inflation system market has witnessed high growths in the last few years owing to several advantages and regulations that make it mandatory to install, especially in the off-highway vehicles. As per the Federal Motor Carrier Safety Administration (FMCSA), 10% longer tire life is achieved with these automatic inflation systems. Also, it has been estimated that 1.4% average improvement in fuel economy per vehicle is possible when these technologies are in use. It has been observed that a tire loses 5% of air pressure while on the run for a week and deflated tires have been a major reason causing accidents of commercial trucks and trailers while transportation application. Also, the major advantage of an ATIS is that the ROI period for these systems is very quick and is perceived to be around 10-12 months. Integration of these systems can lead to the improved fuel economy of the vehicle apart from the tire maintenance costs.
The global automatic tire inflation system market is estimated to grow at a CAGR of 9.7% during the forecast period 2018 – 2025 and account for US$ 2,029.9 Mn by the year 2025.
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Under-inflated tires increase rolling resistance, which can not only reduce fuel economy but can also wear out tires and reduce vehicle safety through poor handling. Maintaining correct tire pressures and monitoring for uneven tire wear can help to ensure optimum vehicle performance. ATIS /CTIS offer a single solution to manage tire pressure, by automatically maintaining tire pressures within a predetermined range. These systems find major applications in off-road vehicles, commercial trucks and trailers, military vehicles, and agricultural tractors. The installations of ATIS majorly reduces the maintenance costs on the tire, reduces downtime of the tires, reduces wear & tear of the tires, and also result in fuel savings for the vehicle owner. Using ATIS to manage tire pressure not only reduces the number of manual tire pressure checks but also allows tire pressure to efficiently correspond to a variety of road terrains. These factors would further drive the automatic tire inflation system market.
The automatic tire inflation system market segmentation is done on the basis of vehicle type, and distribution channel. The automatic tire inflation system market has been segmented on the basis of vehicle type into utility vehicles, tractors and heavy duty vehicles. Also, the distribution channel segment for the automatic tire inflation system market has been bifurcated into OEM and aftermarket. On the basis of geography, the automatic tire inflation system market is analyzed into North America, Europe, Asia- Pacific (APAC), Middle East & Africa (MEA) and South America (SAM).
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Geographically the automatic tire inflation system market is presently dominated by developed regions including North America and Europe. Higher sales of heavy-duty commercial vehicles as well as owing to a booming construction sector, transportation sector, and the mining sector globally would demand higher integrations of ATIS into these systems. This growth coupled with the imposed regulations by the regulatory authorities across the globe and environmental agencies is anticipated to impact in unison for growing ATIS integrations at the automotive OEM end. Some of the important players in the automatic tire inflation system market include Michelin, STEMCO Products Inc., Tire Pressure Control, Meritor, Inc., and Hendriksson USA, LLC. Also, PressureGuard, Haltec Corporation, Aperia Technologies, Inc., Continental AG, and Dana Limited are other key companies in the automatic tire inflation system market.
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