Published: November 2023 | Report Code: 12768 | Available Format: PDF | Pages: 310
The global automatic tire inflation system market revenue has been estimated at USD 83.6 million in 2023, which is expected to reach USD 171.8 million by 2030, growing at a CAGR of 10.9% during 2024–2030.
This growth is due to the surge in the production and sale of all-terrain and heavy commercial vehicles globally. For them, automatic tire inflation systems (ATIS) are used extensively in order to enhance safety and efficiency. These systems help in increasing vehicle performance and fuel economy, which ultimately leads to decreased downtime. Some countries are mandating their use in heavy-duty trucks to reduce the likelihood of accidents.
An ATIS maintains the proper tire pressure automatically, which is important for optimizing vehicle performance, safety, and fuel economy. The market is growing as a properly inflated tire aids in vehicle stability and appreciable handling and braking performance, ultimately reducing the risk of accidents caused by tire-related issues. It also helps in maintaining accurate air pressure by evenly distributing the load across the tire’s surface, which also reduces uneven wear and extends its life.
Moreover, as diesel becomes increasingly expensive worldwide, the focus on improving the fuel efficiency of automobiles is increasing. Tires that have less air than recommended result in increased rolling resistance, thus leading to the consumption of more fuel. In this regard, these systems can also reduce maintenance costs by slowing down tire wear and preventing damage. In addition, they eliminate the need for drivers to regularly check tire pressure and adjust it themselves, which saves time and effort. Thus, ATIS are being integrated into trucks, trailers, and buses, for which proper tire condition is imperative as they travel long distances, carrying heavy loads. This way these systems make roads safer and the transportation process more efficient, while optimizing fuel consumption and reducing emissions.
Additionally, maintaining a proper tire pressure and keeping personnel safe are important for the success of military missions as troops and their equipment function in challenging conditions. Moreover, construction activities are rising incessantly with the growth of the population across the globe. Thus, the resulting need for the construction of infrastructure and the renovation of older structures leads to a high demand for heavy-duty construction equipment. ATISs are extensively used in loaders, dump trucks, and excavators to improve stability, performance, and safety at construction sites.
The increasing adoption of these systems in heavy-duty vehicles, which are widely used in harsh environments, such as construction sites and off-road terrain, is a major driver for the market. This is because of their vulnerability to changes in tire pressure due to the variations in load, temperature, and terrain. Inflation systems ensure that their tires have the proper volume of air, which helps in improving safety, fuel efficiency, and their life.
Further, the popularity of e-commerce is at an all-time high as people are ordering everything online. This creates a massive need for transporting goods across long distances. Long trailers and trucks are used for these purposes, therefore requiring inflation systems in order to ensure goods safety and scheduled deliveries.
Moreover, there has been an enormous rise in farming activities across Europe and North America in recent years. This has been leading to an increase in the demand for tractors and other kinds of agricultural equipment. Larger farms require tractors with power greater than 150 hp, to plow and till the soil, plant seeds, and other activities. Inflation systems are used to a great extent in tractors to improve traction, enhance operator comfort, and raise the overall efficiency in farming activities. The adoption of advanced agricultural practices due to the booming need for food will, hence, drive the demand for these machines.
Additionally, the increase in the adoption of EVs across the world, owing to the implementation of eco-friendly and sustainable practices, is driving the uptake of ATIS. Technological advancements, such as intelligent tires and vehicle telematics, have further transformed the usage of these systems. Intelligent tires can communicate with these systems and automatically adjust their pressure to the recommended levels, thus making vehicles more fuel-efficient and safer. Telematics components monitor tire pressure and send alerts to drivers whenever tire pressure is low, thus resulting in reduced downtime and prevention of accidents.
Contact area information sensing is a new innovation that measures the contact area between a tire and the road surface, which gives an idea of the air pressure inside. The lower the pressure, the more the tire area in contact with the road surface. Furthermore, autonomous systems and remote diagnostic systems are gaining popularity as they allow technicians to identify problems in vehicles remotely. Remote diagnostics systems can be configured to analyze data from inflation systems to enhance road safety.
Market Size in 2023
USD 83.6 Million
Market Size in 2024
USD 92.2 Million
Revenue Forecast in 2030
USD 171.8 Million
Market Trends, Drivers, and Restraints; Revenue Estimation and Forecast; Segmentation Analysis; Impact of COVID-19; Companies’ Strategic Developments; Market Share Analysis of Key Players; Company Profiling
By Type; By Component; By Vehicle Type; By Region
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The central category accounts for the larger revenue share, of 60%, and it is expected to grow at a significant CAGR, of 10.7%, during the prediction period.
This is because these variants provide a number of advantages depending on the industry and vehicle type. For instance, they enable the adjustment of the tire pressure on-the-way, thus allowing vehicles to adapt to changing load conditions and terrain. This makes them highly beneficial for off-roading, military, and agricultural applications. By adjusting the air pressure as per terrain, traction improves, which results in greater vehicle stability and better performance.
Hence, the players in this domain are offering new products to cater to the changing customer preferences. With the growing popularity of off-roading, the demand for AWD/4WD vehicles, which can be used on all terrains, is increasing. This propels the demand for CTIS to adjust the tire pressure according to terrain, for an enhanced driving experience.
Moreover, by using these systems, the life of both the tire and the vehicle lengthens, as correct air pressure helps reduce premature tire wear and damage. Additionally, these machines are being used by fleet operators to reduce maintenance costs and downtime. Hence, BFGoodrich launched a new tire inflation system, named ActivAir, in April 2023, which helps off-roaders change the tire pressure without exiting the vehicle. It gives drivers four options to choose from, based on the specific circumstances.
Under segmentation by component, the ECU category has the largest revenue share in the market, of 25%. This dominance is because the ECU is the brain of the entire system, continuously analyzing the tire pressure data from sensors and making precise adjustments, to maintain optimal levels. It controls the inflation and deflation processes by performing diagnostics and sending the communication to the driver. Furthermore, it can be easily integrated with other vehicle control systems, which aids in enhanced coordination between different vehicle functions.
Moreover, ECUs offer manufacturers flexibility in terms of programming and customization. This helps in tailoring the systems’ functionality to suit specific vehicle types, industries, or operating conditions. These miniature computers are equipped with powerful processors able to handle real-time data processing, which enables rapid responses for adjusting tire pressure, particularly in dynamic situations and varying terrains.
The North American continent is generating the highest revenue in the market, of USD 0.04 billion, and it is expected to grow at a significant CAGR, of 10.8%, in the years to come.
This is due to the presence of prominent market players in the region, such as The Boler Company, Airgo Systems, Aperia Technologies, and Haltec Corporation. Further, governments in this region have implemented regulations that necessitate using TPMS in automobiles. It is dependent on the ECU to analyze tire pressure and send alerts to drivers. Thus, these regulations have resulted in an increase in the usage of ATIS in the region.
Moreover, this region’s vast agriculture sector is a major driver for the market, as it generates a massive demand for equipment such as tractors. ATIS help in enhancing the performance of tractors, which is why John Deere and other OEMs are integrating them into their new models. Additionally, the awareness of technological advancements in and the benefits of these systems is rather high in the region owing to the collective efforts of industry associations and government agencies.
The continent’s widespread network of logistics and transportation systems is also contributing significantly to the advance of the market. OEMs are offering heavy-duty trucks with pre-installed ATIS in order to lure customers with the promise of an enhanced vehicle performance.
This report offers deep insights into the automatic tire inflation system market, with size estimation for 2017 to 2030, the major drivers, restraints, trends and opportunities, and competitor analysis.
Based on Type
Based on Component
Based on Vehicle Type
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