Monday, July 27, 2020

Automotive Automatic Tire Inflation System Market Research Report |COVID-19 Impact, Market Highlights,Key Players and Future Scope Analysis Forecast till 2023

An automatic tire inflation system is used to control the tire pressure of all four tires of the vehicles. The tire manufacturers are developing new technologies to improve the automatic tire inflation system and tire efficiency, and air pressure due to tire wear and tear, and drop in tire pressure. The automotive automatic tire inflation system market is expected to grow over the CAGR of around ~12% during the period 2018 to 2023.

Market Highlights

The automotive automatic tire inflation system (ATIS) maintains the desired air pressure in the vehicle tires to enhance performance of the vehicle tires. The tire OEMs are developing different innovative technologies to improve the performance of the tire and tire inflation system efficiency, and reduce wear and tear due to the air loss in the tire. The improved ATIS enhances the overall performance of the vehicle and reduces the consumption of fuel by providing equal tire pressure in each tire. The ATIS has extensive use in military vehicles due to high surface contact of tires in high terrains, which causes air leakage. ATIS is used in military vehicles for better safety and efficient operations. In tractors, ATIS is used to reduce tire wear and tear and improve performance of tire. The factors that drive the automotive ATIS market are government initiatives towards the development of advanced automatic tire inflation systems, innovation in the technology, and increased sales of passenger cars in emerging economies.

Scope of the Report

This study provides an overview of the global automotive automatic tire inflation system (ATIS) market, tracking four market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global automotive Automatic Tire Inflation systems market by its types, sales channel, vehicle type, and region

Key Players

The key players in automotive automatic tire inflation system market are APERIA TECHNOLOGIES, INC.Aperia Technologies (US),   Bridgestone Corporation(Japan), Continental AG(Germany), Goodyear Tire and Rubber Company(US), Meritor, Inc.(US), CODA Development(US), MICHELIN(France), Hendrickson USA, L.L.C. HENDRICKSON(US), and Pirelli and C. S.p.A.(Italy)., STEMCO Products Inc. (US), and Hankook Tire Hankook Tire group   (South Korea), Pressure Systems International, Inc.(. (US), Denso Corporation (Japan), Inc., Haltec Corporation (US), Michelin North America Inc. (US), ti.systems   GmbH (Germany), and PressureGuard (US) are among others.

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