The automatic tire inflation system industry has been exhibiting steady growth since the past decade owing to the rise in requirement in utility vehicles, tractors, and heavy commercial vehicles (HCV). While the outbreak of the COVID-19 pandemic took a toll on the industry output due to the decline in automotive sector, the recovery has started since the last quarter of 2020. With the increase in investment on research & development (R&D) activities by manufacturers, and the key sales channels getting back on track, automatic tire inflation system industry is subject to significant growth in the coming years.
The latest revised edition of the report on ‘automatic tire inflation system’ market study by Future Market Insights (FMI) offers an exhaustive overview of the global industry trends, regional insights, demand-supply trajectories, and crucial factors during the forecast period of 2021 to 2031. According to the report, North America, Europe, and Asia Pacific will remain the leading regions, while high requirement from utility vehicle segment will drive the sales in 20+ countries.
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Key Takeaways from Market Study
- The global automatic tire inflation system industry is forecast to expand at over 5% CAGR through 2031
- Increase in application in utility vehicles and heavy commercial vehicles (HCV) is likely to be witnessed
- Original equipment manufacturer (OEM) segment to exhibit hegemony in terms of sales channel
- The United States to hold the major chunk of North America industry
- Germany remains the epicenter of Europe automatic tire inflation system industry
- The United Kingdom, China, Japan, India, Canada, France, and a few other countries to emerge lucrative
- Asia Pacific to register the fastest growth throughout the forecast period
“Advancement in manufacturing sector coupled with the rise in adoption of various automated systems and solutions in automotive sector are fuelling the sales of automatic tire inflation system,” says an FMI analyst.
How the Historical Trends Exhibited by Automatic Tire Inflation System Market Compare with Future Outlook?
The demand for automatic tire inflation system grew steadily over the past years in the automotive sector. While the increase in application in tractors, utility vehicles, and others propelled the industry growth, advancement in original equipment manufacturer (OEM) and aftermarket sectors further catered to it. According to FMI, the overall industry outlook for automatic tire inflation system remained positive during the last 5 years from 2016 to 2020, apart from the temporary decline in 2020.
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- Dana Incorporated
- Meritor, Inc.
- EnPro Industries, Inc.
- Nexter Group
- Servitech Industries, Inc.
- Hendrickson USA, L.L.C.
- Tire Pressure Control International Ltd.
- PTG Reifendruckregelsysteme GmbH
- Aperia Technologies, Inc.
- Systems GmbH
- Bigfoot Equipment Ltd.
- Tibus Offload Ltd. & Co. KG
- AIR CTI
- FTL Technology Limited
- Col-Ven S.A.
- Heavy Commercial Vehicles (HCV)
- Utility Vehicles
- Original Equipment Manufacturer (OEM)
- Hub Caps
- Axle & Wheel Component
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
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Table Of Content:
1. Executive Summary
1.2. Market Analysis
1.3. FMI Analysis and Recommendations
1.4. Wheel of Fortune
2. Market Introduction
2.1. Market Taxonomy
2.2. Market Definition
3. Market Viewpoint
3.1. Macro-Economic Factors
4. Global Automatic Tire Inflation System Market Analysis 2016-2021 and Forecast 2021-2031
4.1.1. Market Volume Projections
4.1.2. Market Size and Y-o-Y Growth
4.1.3. Absolute $ Opportunity
4.2. Global Installed Base
4.3. Value Chain
5. Forecast Factors: Relevance and Impact
6. Global Automatic Tire Inflation System Market Analysis 2016-2021 and Forecast 2021-2031 By Vehicle Type
7. Global Automatic Tire Inflation System Market Analysis 2016-2021 and Forecast 2021-2031By Sales Channel
8. Global Automatic Tire Inflation System Market Analysis 2016-2021 and Forecast 2021-2031 By Region
and many more…