Automatic Tire Inflation System Market

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

  • 2017-11-10
  • REP-GB-2733
  • 174 pages
  • PDF PPT EXCEL
 Automatic Tire Inflation System Market

An Incisive, In-depth Analysis on the Automatic Tire Inflation System Market

This study offers a comprehensive, 360 degree analysis on the Automatic Tire Inflation System market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Automatic Tire Inflation System market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

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).

automatic tire inflation system market

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.

Automatic Tire Inflation System Market: Report Description

FMI offers a 10-year forecast for the automatic tire inflation system market between 2017 and 2027. In terms of value, the market is expected to register a CAGR of 5.6% during the forecast period (2017–2027). The main objective of the report is to offer insights on the advancements in the global automatic tire inflation system market. The study provides market dynamics that are expected to influence the current environment and future status of the automatic tire inflation system market over the forecast period. The primary objective of this report is to offer updates on trends, drivers, restraints, value forecasts and opportunities for manufacturers operating in the automatic tire inflation system market.

A section of the report discusses how the overall competition in the market is steadily increasing. It discusses various factors that are shaping internal as well as external competition in the market. The automatic tire inflation system market is expected to grow at a significant pace in the near future. Moreover, steady growth of the automotive industry due to an increase in vehicle production and sales, growing fleet on road, infrastructural activities, growth in logistics & transportation sector, and mechanization in the agriculture sector is anticipated to create healthy growth opportunities in the automatic tire inflation system market.

A section of the report highlights the overall automatic tire inflation system market country wise. It provides a market outlook for 2017–2027 and sets the forecast within the context of the report. The report sheds light on key developments and activities executed by the prominent manufacturers operating in 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)

A detailed analysis has been provided for every segment in terms of market size analysis for the automatic tire inflation system market.

The report starts with the market overview and provides market definition and analysis about drivers, restraints, opportunities, supply chain analysis and key trends in the automatic tire inflation system market. The next section includes global market analysis by vehicle type, sales channel and region. All the above sections evaluate the market on the basis of various factors affecting the market and cover the present scenario and future prospects. For market data analysis, historical data is provided from 2012 to 2016, the report considers 2016 as the base year with automatic tire inflation system market numbers estimated for 2017 and a forecast made for 2018–2027.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyze the same on the basis of key parameters, such as year-on-year (Y-o-Y) growth, to understand the predictability of the market and identify the right opportunities for market players.

Another key feature of the automatic tire inflation system market report is the analysis of all key segments in terms of absolute dollar opportunity, which is usually overlooked while forecasting the market. However, the absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve as well as in identifying potential resources from a sales and delivery perspective in the automatic tire inflation system market.

Research Methodology of the Automatic Tire Inflation System Market Report

The report titled “Automatic Tire Inflation System Market” focuses on providing information regarding the volume and value of market from a global perspective. The research on the automatic tire inflation system market was initiated thorough secondary research on the product, using both top-down and bottom-up approaches, right down to the country and segmental level. Automotive production, vehicle sales, tractor production & sales, market trends, and growth projections were taken into consideration to arrive at the total market. In addition to the above secondary research, yearly revenue generated by automatic tire inflation systems was estimated.

Furthermore, the yearly revenue generated by automatic tire inflation system manufacturing companies was obtained from both primary and secondary sources and then benchmarked at the regional level. Any decline or increase in price in the upcoming years is kept linear for all the regions.

The automatic tire inflation system market value thus deduced was once again cross verified and validated from the supply side. FMI’s proprietary regression analysis forecast model has been adopted to generate the market estimation for the forecast years and takes into account the effects of macroeconomic factors impacting the overall automatic tire inflation system market and was further validated by the primary respondents belonging to different levels across the entire value chain of the automatic tire inflation system market, such as manufacturers and independent service providers.

Automatic Tire Inflation System Market Participants

In the final section of the report, a competitive landscape has been included to provide report audiences with a dashboard view. Detailed profiles of manufacturers have also been included within the scope of the report to evaluate their strategies, key offerings and recent developments in the automatic tire inflation system. Key players in global Automatic Tire Inflation System include Dana Incorporated, Meritor Inc., EnPro Industries Inc., Nexter Group, Servitech Industries Inc., Hendrickson USA LLC, Tire Pressure Control International Ltd., PTG Reifendruckregelsysteme GmbH, Aperia Technologies Inc., ti.systems GmbH, Bigfoot Equipment Ltd., Tibus Offroad Ltd. & Co. KG, AIR CTI, FTL Technology Limited and Col-Ven S.A.

Automatic Tire Inflation System Market Reports - Table of Contents

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