The global automatic tire inflation system market revenue is expected to reach USD 171.8 million by 2030, exhibiting a CAGR of 10.9% during 2024–2030.
This is because most heavy-duty vehicle manufacturers are using these systems to improve safety and efficiency. These vehicles are often utilized in challenging conditions, including off-road areas and building sites. Additionally, because of the variations in temperature, load, and terrain, they experience changes in tire pressure. Their tires are always correctly inflated with automated systems, which also helps in increasing life, fuel economy, and safety.
Further, there has been a significant surge in the popularity of e-commerce platforms with the rise in the access to the internet. Long-distance freight transportation is the primary need of online platforms. Products bought online are transported by long trailers and lorries, all of which are being integrated with ATIS to guarantee the safety of the cargo and adherence to the delivery timelines.
Moreover, there has been a significant increase in the farming activity in North America and Europe, which continues to push the requirement for tractors and other farm equipment. Tire inflation systems are being used in these vehicles to a large extent to offer increased traction, operator comfort, and farming efficiency. The need for these systems will rise with the constant rise in food consumption and implementation of advanced farming practices.
The agricultural tractors category holds the largest share in the automatic tire inflation system market, of 65%, and it is set to witness a robust CAGR, of 11.0%, during the prediction period.
Framing has been an important sector for every nation as food is the primary want of human beings. Many original equipment manufacturers are investing heavily in research and development to innovate tire inflation systems, in order to make them more efficient. For instance, John Deere provided central tire inflation systems as an option in its tractors.
These vehicles are used for a variety of applications, such as planting, harvesting, and transporting crops. Additionally, agriculture is a high-pressure sector, demanding that farmers produce crops efficiently, in order to stay profitable. ATIS integration in tractors can help farmers in achieving optimum performance.
During the forecast period, the market growth is expected to be swift in Europe, due to the presence of some of the world’s biggest automobile manufacturers, such as Volkswagen, BMW, and Audi. Further, there has been an increase in the demand for safety features in vehicles. Inflation systems aid in improving safety by confirming that the tires are always properly inflated, thus reducing the risk of accidents. Some European countries have even mandated the use of ATIS in certain types of vehicles, with the European Commission proposing their mandatory integration into all new heavy-duty vehicles.
Moreover, there has been a growing popularity of off-road and all-terrain vehicles, which extensively use inflation systems. This is because of the continuously changing driving conditions, which can affect tire pressure significantly, in turn, risking safety and lowering fuel economy. Further, these systems are becoming more sophisticated and affordable and, therefore, more attractive for a wide range of applications.
Top companies manufacturing automatic tire inflation systems are Dana Incorporated, Airgo Systems LLC, Aperia Technologies Inc., Haltec Corporation, Continental AG, Meritor Inc., Bridgestone Corporation, and Hendrickson USA L.L.C.