Automatic Tire Inflation System Market: Utility Vehicles to Lead in Terms of Value Share Through 2027: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

Automatic Tire Inflation System Market: Utility Vehicles to Lead in Terms of Value Share Through 2027: Global Industry Analysis 2012 - 2016 and Opportunity Assessment 2017 - 2027

Utility Vehicle Segment to Outnumber Other Vehicle Types in the Automatic Tire Inflation System Market

Utility vehicles are manufactured to carry out specific jobs. In the report, we have defined utility vehicles as armored and unarmored vehicles used by militaries across the globe, including all 4x4, 6x6 and 8x8 drive vehicles. The utility vehicles segment in the automatic tire inflation system market is expected to continue to be the most significant one with a CAGR of 5.5% in terms of value during the forecast period. The utility vehicles segment is estimated to create an incremental opportunity of US$ 543.9 Mn between 2017 and 2027.

The heavy commercial vehicles segment is estimated to witness a significant growth rate, owing to the growing investment and awareness among trailer and truck owners towards reducing maintenance costs and improving vehicle efficiency. The heavy commercial vehicles segment is projected to create an incremental opportunity of US$ 290.4 Mn between 2017 and 2027 in the automatic tire inflation system market.

Aftermarket Segment is Pegged to Dominate the Automatic Tire Inflation System Market

The aftermarket segment comprises automatic tire inflation systems & components and holds majority of the share in the automatic tire inflation system market owing to strong demand for retrofit in trucks, trailers, and tractors. In the aftermarket, systems are estimated to generate high market value as compared with components.

It is estimated that aftermarket systems will reach more than US$ 400 Mn by 2017 end in the automatic tire inflation system market. For the aftermarket components, hub caps are estimated to be grow at a significant CAGR of 6.1%, in terms of value, during the forecast period.

OEM segment is estimated to closely follow the aftermarket in the automatic tire inflation system market owing to high pricing of systems and as most of the military vehicles are installing ATIS during the time of manufacturing.

High Demand for Automatic Tire Inflation Systems in Western Europe, Asia Pacific and MEA

The Western Europe market is estimated to account for a significant market share, owing to the extensive use of automatic tire inflation systems for agricultural applications. BENELUX and Italy are anticipated to witness substantial growth rates over the forecast period. With growing demand and environmental concerns towards minimizing fuel consumption, the necessity for the development of fuel efficient systems is a key concern, which in turn reinforces the automatic tire inflation system market.

Asia Pacific (excluding Japan) and Middle East & Africa are the most promising markets for automatic tire inflation systems. The increasing demand from military vehicles is expected to fuel the growth of automatic tire inflation systems in these regions. Given the ongoing tensions and issues in the region, there is an urgent requirement to modernize military capabilities by improving vehicle fleet. Besides that, these regions are also highly uncertain in terms of geographic and climatic conditions.

These factors are likely to contribute to the healthy growth of the automatic tire inflation system market. Along with this, the economy is growing at a substantial growth rate, which makes it possible to increase military spending without affecting military burden on the economy. The automatic tire inflation system markets in APEJ and MEA regions are estimated to grow at significant CAGRs of 6.9% and 7% respectively. These regions will represent a combined incremental opportunity of US$ 222.7 Mn in the automatic tire inflation system market during the forecast period.

Competition Dashboard in the Automatic Tire Inflation System Market

Manufacturers in the automatic tire inflation system market aim to expand their presence with strategic interventions including collaborations, acquisitions, expansion of production capacity and launch of advanced products in the automatic tire inflation system market. In May 2017, Dana Inc. expanded its manufacturing capabilities in Chongqing, China to produce drive units integrated with all-wheel drive technology.

Furthermore, Dana Incorporated completed its acquisition of U.S. Manufacturing Corporation’s Michigan's operation to increase and strengthen its revenue generation from commercial vehicle manufacturers.

In September 2017, Meritor Inc. introduced the ThermALERT wheel-end heat sensing system, which alerts the driver about wheel ends overheating, minimizing vehicle downtime, cost and increasing safety. In 2015, Meritor, Inc. introduced the industry’s first automatic tire inflation system (ATIS) for the linehaul tractors, which will help in automatic monitoring of tire pressure during the motion of the vehicle and inflating underinflated tire.

Some of the key players operating in automatic tire inflation system market includes FTL Technology Limited, Dana Incorporated, PTG Reifendruckregelsysteme GmbH, Bigfoot Equipment Ltd., Nexter Group, AIR CTI, Meritor Inc., Hendrickson USA LLC, Col-Ven S.A., Tire Pressure Control International Ltd., EnPro Industries Inc., Aperia Technologies, Inc., Tibus Offroad Ltd. & Co. KG, ti.systems GmbH, and Servitech Industries Inc.

About the Report

FMI has published an exclusive forecast report for the automatic tire inflation system market between 2017 and 2027. The foremost objective of this report on the automatic tire inflation system market is to pitch spearhead insights on market scenario, demand generators and technological advancements in the automatic tire inflation system market. Also, the study on the automatic tire inflation system market addresses the key dynamics expected to diversify the sales and future prominence of the automatic tire inflation system market.

The report on the automatic tire inflation system market starts with an executive overview in which product definition has been provided. The report further proceeds with taxonomy of automatic tire inflation system market. Also, the report outlines insights on the dynamics in the automatic tire inflation system market, including drivers, restraints, opportunities and trends.

Segmentation

The automatic tire inflation system market has been analyzed with respect to segments by vehicle type, sales channel and region. The vehicle type segment in the report on the automatic tire inflation system market includes tractors, heavy commercial vehicles and utility vehicles. The applications involved in the automatic tire inflation system market include original equipment manufacturer (OEM) and aftermarket.

The aftermarket segment has been further segmented into systems and components (hub caps, hoses, axle & wheel component, and others). The automatic tire inflation system market has been evaluated across primary regions such as North America, Latin America, Western Europe, Eastern Europe, Japan, Asia Pacific Excluding Japan (APEJ) and Middle East & Africa (MEA).

Additional Questions Answered

The report also provides answers to other important questions related to the automatic tire inflation system market, such as:

  • At what rate is the sale of automatic tire inflation systems in the chassis & safety application segment expected to grow during the forecast period?
  • Why is the sales of automatic tire inflation systems in the aftermarket outpacing that in the OEM market?
  • Which component is expected to hold the largest volume share of the automatic tire inflation system in the aftermarket?
  • What will be the growth rate of the automatic tire inflation system market in Asia Pacific excluding Japan?
  • Which player held the maximum share in the automatic tire inflation system market in 2016?

Research Methodology

The report offers an in-depth assessment on the automatic tire inflation system market, which is based on a tested & proven research methodology, which involves comprehensive primary and secondary research approaches. These research methods have helped in arriving at important numbers for the automatic tire inflation system market. Data collected on the automatic tire inflation system market by these researches go through several validation funnels, examination and re-examination, prior to their inclusion in the report.

Credibility of the statistics evaluated and data acquired on the automatic tire inflation system market bases itself on the unique nature of FMI’s research methodology, which claims to ensure greater accuracy and provision of authentic data. Intelligence obtained from opinion leaders and industry experts in the automatic tire inflation system market has been extrapolated, meanwhile contemplation of the data has allowed analysts to develop this analytic and insightful report on the automatic tire inflation system market.

Key Segments Covered in the Automatic Tire Inflation System Market Report

On the basis of vehicle type, the automatic tire inflation system market can be segmented into:

  • Tractors
  • Heavy Commercial Vehicles (HCV)
  • Utility Vehicles

On the Basis of sales channel, the automatic tire inflation system market can be segmented into:

  • Original Equipment Manufacturer (OEM)
  • Aftermarket
  • System
  • Component
    • Hub Caps
    • Hoses
    • Axle & Wheel Component
    • Others

On the basis of region, the automatic tire inflation system market can be segmented into:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia Pacific Excluding Japan (APEJ)
  • Japan
  • Middle East & Africa (MEA)

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