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The automotive automatic tire inflation system (ATIS) market share is expected to increase by USD 482.79 million from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 9.76%.
This automotive automatic tire inflation system (ATIS) market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the automotive automatic tire inflation system (ATIS) market segmentation by application (trailers and trucks) and geography (North America, Europe, APAC, South America, and MEA). The automotive automatic tire inflation system (ATIS) market report also offers information on several market vendors, including ColVen SA, Dana Inc., Hendrickson Holdings LLC, Meritor Inc., Michelin Group, Parker Hannifin Corp., Pressure Systems International Inc., SAF-HOLLAND SE, STEMCO Products Inc., and ti.systems GmbH among others.
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The ATIS helps in reducing maintenance costs for fleet operators is notably driving the automotive automatic tire inflation system (ATIS) market growth, although factors such as fitment issues and additional maintenance of ATIS may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the automotive automatic tire inflation system (ATIS) market industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Automotive Automatic Tire Inflation System (ATIS) Market Driver
The government regulations on TPMS are one of the key factors driving the growth of the global automotive automatic tire inflation system (ATIS) market. Various government bodies and automotive governing councils across the world are encouraging the use of advanced systems and technologies that help in the reduction of vehicular emissions. In addition, there are various initiatives aimed at the use of energy-efficient technologies in vehicles. Deteriorating air quality due to increasing vehicular emissions globally has led to the formulation of mandatory emission standards by governments. Such norms and initiatives are promoting the use of advanced systems, such as TPMS, in automobiles. In addition, the growing concerns about passenger safety have compelled automobile manufacturers to equip vehicles with various driver assistance safety systems. ATIS helps minimize accidents, reduces fatalities, and improves overall vehicle safety. Consequently, governments have started implementing stringent safety regulations regarding the development and sales of these systems. For instance, the TREAD Act was passed by the US Congress in 2000 in reaction to the Firestone recall, which created unsafe driving conditions and resulted in 100 fatalities because of automobile rollovers caused by tire separation.
Key Automotive Automatic Tire Inflation System (ATIS) Market Trend
The development of intelligent tire technologies will fuel the global automotive automatic tire inflation system (ATIS) market growth. A combination of TPMS, electronic stability control (ESC), and an anti-lock braking system (ABS) can interpret the tire conditions; these calculations tend to be wrong as the tires wear out or get replaced with another type. Hence, manufacturers are undertaking R&D to develop intelligent tires, which will provide proper feedback data to the vehicle. For such a system to work, the major properties that the tire should monitor are pressure, temperature, wear rate, and tread depth at any point in time. Such complex data acquisition via sensor units mounted on tires will provide the accurate state of tires. The controller in the feedback loop must cover the given parameters of a tire type of a particular manufacturer so that any change in the tire type can be set by some user interface. The sensors will monitor the current values of tires, and the controller will compare these values to the pre-set parameter values. With any change from the tolerable limits, the system will notify the users or take automatic control of the solutions.
Key Automotive Automatic Tire Inflation System (ATIS) Market Challenge
The technology readiness for advanced systems in emerging countries is a major challenge for the global automotive automatic tire inflation system (ATIS) market growth. In the commercial vehicle segment, the focus of the owner or the fleet manager is to reduce the operating costs to earn profits. The fleet operation is highly capital intensive. Hence, it takes a long time to recover the initial investments. Commercial vehicles are used to deliver goods and passengers in the minimum time possible. ATIS helps increase safety and improvise the fuel efficiency of vehicles. However, for most fleet managers in emerging countries, it is just an optional feature in a commercial vehicle. Though commercial vehicle owners in the US and Europe also prefer saving costs, vehicle and occupant safety is the top priority for them while purchasing a commercial vehicle. In addition, regulatory bodies in these countries are mandating the use of such systems in commercial vehicles. In emerging countries, the demand for commercial vehicles is highly dependent on the growth of the construction and e-commerce market.
This automotive automatic tire inflation system (ATIS) market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Technavio categorizes the global automotive ATIS market as a part of the global automotive components and accessories market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the automotive automatic tire inflation system (ATIS) market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the automotive automatic tire inflation system (ATIS) market encompasses successful business strategies deployed by the key vendors. The automotive automatic tire inflation system (ATIS) market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The automotive automatic tire inflation system (ATIS) market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the automotive automatic tire inflation system (ATIS) market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
The value chain of the global automotive components and accessories market includes the following core components:
The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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