The Automatic Tire Inflation System Market was valued at US$ 988.6 Mn in 2017 and is projected to reach US$ 2029.9 Mn by 2025; it is expected to grow at a CAGR of 9.7% from 2019 to 2025.
A system that enables consistent monitoring of the air pressure in the tires and the subsequent action of inflating or deflating the tire as and when required depending upon the surface of the terrain, is an automatic tire inflation system market. Federal Motor Carrier Safety Administration (FMCSA) states that 10% longer tire life with inflation systems. Also, it has been estimated that 1.4% average improvement in fuel economy per vehicle is possible when these technologies are in use. Tires are considered to be the second largest investments in the heavy duty trucks and commercial vehicles and hence the maintenance of these components is extremely critical for optimizing the vehicular operations for the fleet owners. It has been observed that, a tire loses 5% of air pressure while on the run for a week and deflated tires has been a major reason causing accidents of commercial trucks and trailers while transportation application. Also, the major advantage of an ATIS is that the ROI period for these systems is very quick and is perceived to be around 10-12 months. Integration of these systems can lead to improved fuel economy of the vehicle apart from the tire maintenance costs.
Under-inflated tires increase rolling resistance, which can not only reduce fuel economy, but can also wear out tires and reduce vehicle safety through poor handling. Maintaining correct tire pressures and monitoring for uneven tire wear can help to ensure optimum vehicle performance. ATIS /CTIS offer a single solution to manage tire pressure, by automatically maintaining tire pressures within a pre-determined range. These systems find major applications in off-road vehicles, commercial trucks and trailers, military vehicles, and agricultural tractors. The installations of ATIS majorly reduces the maintenance costs on the tire, reduces downtime of the tires, reduces wear & tear of the tires, and also result in fuel savings for the vehicle owner. Using ATIS to manage tire pressure not only reduces the number of manual tire pressure checks, but also allows tire pressure to efficiently correspond to a variety of road terrains.
The global automatic tire inflation system market is experiencing an intense growth with regards to the investments, stringent regulations, trials being carried out in different off-road vehicles and deployment for future in the current scenario and is anticipated to rise in the coming years. The market for Automatic tire inflation system consists of a handful of well-established players across the globe, which invest huge amounts in order to deliver the most advanced service to the customers. Also, there are few important stakeholders in the automatic tire inflation system ecosystem that are involved in the end-to-end development of automatic tire inflation system technology and ensuring that the best service is made available for the users. Government funding for research & development, strategic partnerships between technology providers and tire manufacturers, technology providers and automotive OEMs are anticipated to enable huge surges in the market for automatic tire inflation system over the forecast period. APAC is expected to be the fastest growing region in the deployments of automatic tire inflation systems. The major reason for this is the huge automotive hub in China. Further, the regulations that mandate the integration of ATIS in the heavy commercial vehicles will lead to automotive OEMs vouching and integrating these systems. As China is the largest automotive hub in the world, highest market growth as well as market share is anticipated to be exhibited in this country. The new market initiatives and strategic partnerships are expected to continue during the forecast period, contributing to high growth of automatic tire inflation systems market in the region. Geographically, North America will have the largest share in the automatic tire inflation system market by 2025, owing to rapid technological developments, numerous investments and supportive Government policies in North American countries.
Lucrative Regions for Automatic Tire Inflation System Market
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Market Insights
Demand for Enhancing Fuel Efficiency
The demand for commercial vehicles has significantly increased over the years. Simultaneously, with the increase in demand for vehicle production, the requirement for technologies that optimizes the fuel efficiency of vehicles is also been experienced by the vehicle manufacturers and component/accessories manufacturers. The fuel efficiency depends upon various factors such as engine performance, distance traveled, and also tire condition. Underinflated tires create a larger surface area between the road or ground and tire, thereby enhancing the smoother maneuverability. However, this results in an increase in resistance power of rolling tires, which not only reduces fuel economy but also wears out the tires. Continuous monitoring and correcting the tire pressure helps in ensuring optimum vehicle performance.
Vehicle Type-Based Market Insights
The market for automatic tire inflation system is segmented on basis of vehicle type as utility vehicle, tractor, and heavy duty vehicle. The heavy duty vehicle segment is the most prominent segment as this system has been mostly adopted by the commercial heavy duty vehicle owners as well as military forces in order to ease the logistics and transportation system. Additionally, regions such as North America and Europe has huge number of trucks and trailers plying across the region, this factor has also positively influenced the adoption of automatic tire inflation system over the years. On the other hand, the utility vehicle segment is gaining prominence among the end users, pertaining to the increased procurement and usage of utility vehicles in the countries.
Distribution Channel Based- Market Insights
Primarily the sales of Automatic Tire Inflation Systems are carried out using two distribution channels i.e. Aftermarket and through the sale of this product to the automotive OEM. The automotive tire inflation systems have been present in the market since four or five decades but have gained popularity in the commercial vehicles off late in the last decade. High implementation costs, concerns around the quick ROI from these systems until two or three years back have hindered commercial fleet operators or the fleet owners to integrate these systems on their vehicles. However, with increasing regulations in the traffic safety standards, emission norms released by various environmental protection agencies across the globe, the pressure on the vehicle owners for integration of advanced technological solutions that could provide visibility into the mechanisms of the vehicle has become a mandate.
Vehicle Type Based- Market Insights
The European automakers have established a classification standard for the passenger cars which is based on the mass of the vehicle and area of the vehicle parameters. The classification is widely used in Europe. With increasing number of passenger cars globally, automakers have found it convenient to classify cars as per the Euro Car Segment in order to streamline certain car models. Along with simplifying the classification, this scheme also reduces the number of categories. The classification of passenger cars is done into Class A/B, Class C, Class D, Class E, Class F and SUV segment.
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Automatic Tire Inflation System Market: Strategic Insights
Market Size Value in US$ 988.6 Million in 2017 Market Size Value by US$ 2029.9 Million by 2025 Growth rate CAGR of 9.7% from 2018-2025 Forecast Period 2018-2025 Base Year 2018
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Automatic Tire Inflation System Market: Strategic Insights
| Market Size Value in | US$ 988.6 Million in 2017 |
| Market Size Value by | US$ 2029.9 Million by 2025 |
| Growth rate | CAGR of 9.7% from 2018-2025 |
| Forecast Period | 2018-2025 |
| Base Year | 2018 |
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Product development is the commonly adopted strategy by companies to expand their product portfolio. Continental AG, Dana Limited, STEMCO Products, Inc., Meritor, Inc., and Hendriksson, among others are the key players implementing strategies to enlarge the customer base and gain significant share in the global Automatic Tire Inflation System Market, which in turn permits them to maintain their brand name. A few of the recent key developments are:
- In 2018, Hendrickson acquired business segment from the Austrian Frauenthal Group namely: U-bolt, pin and screw. With this acquisition the company broaden its product portfolio and strengthen its reach across Europe.
- In 2018, Dana tested inflation system and axle product during Easter Jeep Safari in Moab, Utah. The engineers testing in the field by using the varied terrain for proving the efficiency and reliability of the product which tackles the toughest conditions.
Automatic Tire Inflation System Market Segmentation:
By Vehicle Type
- Utility Vehicles
- Tractors
- Heavy Duty Vehicles
By Distribution Channel
- OEM
- Aftermarket
Company Profiles
- Continental AG
- Dana Limited
- STEMCO Products, Inc.
- Meritor, Inc.
- Hendriksson
- Pressure Guard Systems
- Haltec Corporation
- Aperia Technologies, Inc.
- Tire Pressure Control
- Michelin
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Vehicle Type ; & Distribution Channel
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
US, Canada, Mexico, UK, Germany, Spain, Italy, France, India, China, Japan, South Korea, Australia, UAE, Saudi Arabia, South Africa, Brazil, Argentina
TABLE OF CONTENTS
1. INTRODUCTION 14
1.1 SCOPE OF THE STUDY 14
1.2 THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE 14
2. KEY TAKEAWAYS 16
3. AUTOMATIC TIRE INFLATION SYSTEM MARKET LANDSCAPE 18
3.1 MARKET OVERVIEW 18
3.2 MARKET SEGMENTATION 19
3.2.1 Global Automatic Tire Inflation System Market – By Vehicle Type 20
3.2.2 Global Automatic Tire Inflation System Market – By Distribution Channel 20
3.2.3 Global Automatic Tire Inflation System Market – By Geography 21
3.3 PEST ANALYSIS 22
3.3.1 North America – PEST Analysis 22
3.3.2 Europe – PEST Analysis 24
3.3.3 Asia Pacific – PEST Analysis 26
3.3.4 Middle East and Africa – PEST Analysis 28
3.3.5 South America – PEST Analysis 30
4. AUTOMATIC TIRE INFLATION SYSTEM MARKET – KEY INDUSTRY DYNAMICS 32
4.1 KEY MARKET DRIVERS 32
4.1.1 Favourable Government Regulation 32
4.1.2 Demand for Enhancing Fuel Efficiency 32
4.1.3 Low Initial Cost and Easy Return on Investment 33
4.2 KEY MARKET RESTRAINTS 33
4.2.1 Lack of Awareness in the Developing Countries 33
4.3 KEY MARKET OPPORTUNITIES 34
4.3.1 Growing OEM Market for Automotive Tire Inflation Systems in Asia Pacific 34
4.4 FUTURE TRENDS 34
4.4.1 Integration of Smart Electronics is Anticipated to Garner the Adoption of Automatic Tire Inflation Systems 34
4.5 IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS 35
5. AUTOMATIC TIRE INFLATION SYSTEM – GLOBAL MARKET ANALYSIS 36
5.1 GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET OVERVIEW 36
5.2 GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET FORECAST AND ANALYSIS 37
6. AUTOMATIC TIRE INFLATION SYSTEMS MARKET REVENUE AND FORECASTS TO 2025 – VEHICLE TYPE 38
6.1 OVERVIEW 38
6.2 GLOBAL AUTOMATIC TIRE INFLATION SYSTEMS MARKET BREAKDOWN, BY VEHICLE TYPE, 2017 & 2025 38
6.3 HEAVY DUTY VEHICLE MARKET 39
6.3.1 Overview 39
6.3.2 Heavy Duty Vehicle Market Forecasts and Analysis 39
6.4 UTILITY VEHICLE MARKET 40
6.4.1 Overview 40
6.4.2 Utility Vehicle Market Forecasts and Analysis 40
6.5 TRACTORS MARKET 41
6.5.1 Overview 41
6.5.2 Tractors Market Forecasts and Analysis 41
7. AUTOMATIC TIRE INFLATION SYSTEM MARKET ANALYSIS– BY DISTRIBUTION CHANNEL 43
7.1 OVERVIEW 43
7.2 AUTOMATIC TIRE INFLATION SYSTEM MARKET – BY DISTRIBUTION CHANNEL , FORECAST AND ANALYSIS 43
7.3 OEM MARKET 44
7.3.1 Overview 44
7.3.2 OEM Market – Forecast & Analysis 44
7.4 AFTERMARKET MARKET 45
7.4.1 Overview 45
7.4.2 Aftermarket Market – Forecast & Analysis 45
8. GLOBAL AUTOMATIC TIRE INFLATION SYSTEM– GEOGRAPHICAL ANALYSIS 47
8.1 OVERVIEW 47
8.2 NORTH AMERICA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 48
8.2.1 Overview 48
8.2.2 North America Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 49
8.2.3 North America Automatic Tire Inflation System Market Breakdown, by Key Countries 50
8.2.3.1 U.S. Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 51
8.2.3.2 Canada Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 52
8.2.3.3 Mexico Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 53
8.2.4 North America Automatic Tire Inflation System Market Breakdown, by Vehicle Type 53
8.2.5 North America Automatic Tire Inflation System Market Breakdown, by Distribution Channel 54
8.3 EUROPE AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 55
8.3.1 Overview 55
8.3.2 Europe Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 56
8.3.3 Europe Automatic Tire Inflation System Market Breakdown, by Key Countries 57
8.3.3.1 France Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 58
8.3.3.2 Germany Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 59
8.3.3.3 Italy Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 60
8.3.3.4 Spain Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 61
8.3.3.5 UK Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 62
8.3.4 Europe Automatic Tire Inflation System Market Breakdown, by Vehicle type 63
8.3.5 Europe Automatic Tire Inflation System Market Breakdown, by Distribution Channel 64
8.4 APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 65
8.4.1 Overview 65
8.4.2 APAC Automatic Tire Inflation System Market Breakdown by Key Countries 66
8.4.2.1 Australia Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 68
8.4.2.2 China Automatic Tire Inflation System Market Revenue and Forecast to 2025 (US$ Mn) 69
8.4.2.3 India Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 70
8.4.2.4 Japan Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 71
8.4.2.5 Rest of APAC Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 72
8.4.3 APAC Automatic Tire Inflation System Market Breakdown by Vehicle Type 72
8.4.4 APAC Automatic Tire Inflation System Market Breakdown by Distribution Channel 73
8.5 MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 74
8.5.1 Overview 74
8.5.2 MEA Automatic Tire Inflation System Market Breakdown by Key Countries 75
8.5.2.1 Saudi Arabia Automatic Tire Inflation System Market Revenue and Forecast to 2025 (US$ Mn) 76
8.5.2.2 UAE Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 77
8.5.2.3 South Africa Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 78
8.5.2.4 Rest of MEA Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 79
8.5.3 MEA Automatic Tire Inflation System Market Breakdown by Vehicle Type 79
8.5.4 MEA Automatic Tire Inflation System Market Breakdown by Distribution Channel 80
8.6 SAM AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 81
8.6.1 Overview 81
8.6.2 SAM Automatic Tire Inflation System Market Breakdown by Key Countries 82
8.6.2.1 Brazil Automatic Tire Inflation System Market Revenue and Forecasts to 2025 (US$ Mn) 83
8.6.3 SAM Automatic Tire Inflation System Market Breakdown by Vehicle Type 84
8.6.4 SAM Automatic Tire Inflation System Market Breakdown by Distribution Channel 85
9. INDUSTRY LANDSCAPE 86
9.1 OVERVIEW 86
9.2 MARKET INITIATIVE 87
9.3 MERGER AND ACQUISITION 88
9.4 NEW DEVELOPMENT 89
10. COMPETITIVE LANDSCAPE 90
10.1 COMPETITIVE PRODUCT MAPPING 90
10.2 MARKET POSITIONING – GLOBAL TOP 5 PLAYERS RANKING 91
11. AUTOMATIC TIRE INFLATION SYSTEM MARKET, KEY COMPANY PROFILES 92
11.1 APERIA TECHNOLOGIES, INC. 92
11.1.1 Key Facts 92
11.1.2 Business Description 92
11.1.3 Financial Overview 92
11.1.4 SWOT Analysis 93
11.1.5 Key Developments 94
11.2 CONTINENTAL AG 95
11.2.1 Key Facts 95
11.2.2 Business Description 95
11.2.3 Financial Overview 96
11.2.4 SWOT Analysis 96
11.2.5 Key Developments 98
11.3 DANA LIMITED 99
11.3.1 Key Facts 99
11.3.2 Business Description 99
11.3.3 Financial Overview 100
11.3.4 SWOT Analysis 100
11.3.5 Key Developments 102
11.4 HALTEC CORPORATION 103
11.4.1 Key Facts 103
11.4.2 Business Description 103
11.4.3 Financial Overview 103
11.4.4 SWOT Analysis 104
11.4.5 Key Developments 105
11.5 HENDRICKSON USA, L.L.C. 106
11.5.1 Key Facts 106
11.5.2 Business Description 106
11.5.3 Financial Overview 106
11.5.4 SWOT Analysis 107
11.5.5 Key Developments 108
11.6 MERITOR, INC. 109
11.6.1 Key Facts 109
11.6.2 Business Description 109
11.6.3 Financial Overview 110
11.6.4 SWOT Analysis 110
11.6.5 Key Developments 112
11.7 MICHELIN 113
11.7.1 Key Facts 113
11.7.2 Business Description 113
11.7.3 Financial Overview 113
11.7.4 SWOT Analysis 114
11.7.5 Key Developments 115
11.8 PRESSUREGUARD 116
11.8.1 Key Facts 116
11.8.2 Business Description 116
11.8.3 Financial Overview 116
11.8.4 SWOT Analysis 117
11.8.5 Key Developments 118
11.9 STEMCO PRODUCTS INC. 119
11.9.1 Key Facts 119
11.9.2 Business Description 119
11.9.3 Financial Overview 119
11.9.4 SWOT Analysis 120
11.9.5 Key Developments 121
11.10 TIRE PRESSURE CONTROL 122
11.10.1 Key Facts 122
11.10.2 Business Description 122
11.10.3 Financial Overview 122
11.10.4 SWOT Analysis 123
11.10.5 Key Developments 124
12. APPENDIX 125
12.1.1 About The Insight Partners 125
12.2 GLOSSARY OF TERMS 125
12.3 METHODOLOGY 126
12.3.1 Coverage 126
12.3.2 Secondary Research 126
12.3.3 Primary Research 127
LIST OF TABLES
TABLE 1. NORTH AMERICA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ MN) 54
TABLE 2. NORTH AMERICA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ MN) 55
TABLE 3. EUROPE AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ MN) 63
TABLE 4. EUROPE AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ MN) 64
TABLE 5. APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ MN) 73
TABLE 6. APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ MN) 73
TABLE 7. MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ MN) 80
TABLE 8. MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ MN) 80
TABLE 9. SAM AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY VEHICLE TYPE (US$ MN) 84
TABLE 10. SAM AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 – BY DISTRIBUTION CHANNEL (US$ MN) 85
TABLE 11. GLOSSARY OF TERM: AUTOMATIC TIRE INFLATION SYSTEM MARKET 125
LIST OF FIGURES
FIGURE 1. HEAVY DUTY VEHICLE TYPE SEGMENT – INCREMENTAL GROWTH, 2017 - 2025 16
FIGURE 2. GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET 2017& 2025 (US$ MN) 17
FIGURE 3. AUTOMATIC TIRE INFLATION SYSTEM MARKET SEGMENTATION 19
FIGURE 4. AUTOMATIC TIRE INFLATION SYSTEM MARKET SEGMENTATION - GEOGRAPHIC 20
FIGURE 5. NORTH AMERICA – PEST ANALYSIS 22
FIGURE 6. EUROPE – PEST ANALYSIS 24
FIGURE 7. FIGURE1: ASIA PACIFIC – PEST ANALYSIS 26
FIGURE 8. MIDDLE EAST AND AFRICA – PEST ANALYSIS 28
FIGURE 9. SOUTH AMERICA – PEST ANALYSIS 30
FIGURE 10. AUTOMATIC TIRE INFLATION SYSTEM MARKET IMPACT ANALYSIS OF DRIVER AND RESTRAINTS 35
FIGURE 11. GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET 36
FIGURE 12. GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET FORECAST AND ANALYSIS 37
FIGURE 13. GLOBAL AUTOMATIC TIRE INFLATION SYSTEMS MARKET BREAKDOWN, BY VEHICLE TYPES, 2017 & 2025 (%) 38
FIGURE 14. GLOBAL HEAVY DUTY VEHICLE MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 40
FIGURE 15. GLOBAL UTILITY VEHHICLE MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 41
FIGURE 16. GLOBAL TRACTORS MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 42
FIGURE 17. GLOBAL AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN, BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 43
FIGURE 18. GLOBAL OEM MARKET REVENUE FORECASTS TO 2025 (US$ MN) 44
FIGURE 19. GLOBAL AFTERMARKET MARKET REVENUE FORECASTS TO 2025 (US$ MN) 46
FIGURE 20. AUTOMATIC TIRE INFLATION SYSTEM MARKET, GLOBAL BREAKDOWN BY REGIONS, 2017 & 2025 (%) 47
FIGURE 21. NORTH AMERICA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 49
FIGURE 22. NORTH AMERICA AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN, BY KEY COUNTRIES, 2017 & 2025 (%) 50
FIGURE 23. U.S. AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 51
FIGURE 24. CANADA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 52
FIGURE 25. MEXICO AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 53
FIGURE 26. NORTH AMERICA AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN, BY VEHICLE TYPE, 2017 & 2025 (%) 53
FIGURE 27. NORTH AMERICA AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN, BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 54
FIGURE 28. EUROPE AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 56
FIGURE 29. EUROPE AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025 (%) 57
FIGURE 30. FRANCE AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 58
FIGURE 31. GERMANY AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 59
FIGURE 32. ITALY AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 60
FIGURE 33. SPAIN AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 61
FIGURE 34. UK AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 62
FIGURE 35. EUROPE AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN, BY VEHICLE TYPE, 2017 & 2025 (%) 63
FIGURE 36. EUROPE AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN, BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 64
FIGURE 37. APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 66
FIGURE 38. APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 67
FIGURE 39. AUSTRALIA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 68
FIGURE 40. CHINA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 69
FIGURE 41. INDIA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 70
FIGURE 42. JAPAN AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 71
FIGURE 43. REST OF APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 72
FIGURE 44. APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY VEHICLE TYPE, 2017 & 2025 (%) 72
FIGURE 45. APAC AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 73
FIGURE 46. MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 74
FIGURE 47. MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 75
FIGURE 48. SAUDI ARABIA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 76
FIGURE 49. UAE AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 77
FIGURE 50. SOUTH AFRICA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 78
FIGURE 51. REST OF MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 79
FIGURE 52. MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY VEHICLE TYPE, 2017 & 2025 (%) 79
FIGURE 53. MEA AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 80
FIGURE 54. SAM AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 81
FIGURE 55. SAM AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY KEY COUNTRIES, 2017 & 2025(%) 82
FIGURE 56. BRAZIL AUTOMATIC TIRE INFLATION SYSTEM MARKET REVENUE AND FORECASTS TO 2025 (US$ MN) 83
FIGURE 57. SAM AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY VEHICLE TYPE, 2017 & 2025 (%) 84
FIGURE 58. SAM AUTOMATIC TIRE INFLATION SYSTEM MARKET BREAKDOWN BY DISTRIBUTION CHANNEL, 2017 & 2025 (%) 85
FIGURE 59. AUTOMATIC TIRE INFLATION SYSTEM MARKET, INDUSTRY LANDSCAPE (2015-2018) % 86
The List of Companies - Automatic Tire Inflation System Market
- PressureGuard
- Haltec Corporation
- Aperia Technologies, Inc.
- Continental AG
- Dana Limited
- Michelin
- STEMCO Products Inc.
- Tire Pressure Control
- Meritor, Inc.
- Hendriksson USA, LLC
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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