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The automatic tire inflation system can increase vehicle efficiency by about 1% to 1.4%. The system regulates the tire pressure according to the condition and also helps reduce vehicle emission. Maintaining proper tire pressure increases the tire life by reducing the tire wear caused while the tire is underinflated, which reduces the cost of tire maintenance. Appropriate tire pressure also helps reduce accidents. All these factors are primarily driving the Automotive Automatic Tire Inflation System Market. Increased concern about safety and vehicle efficiency, stringent emission norms, and technological advancements in the vehicle are boosting the automotive automatic tire inflation system market. An automatic tire inflation system is of great help when the tire has a small puncture. In such a case, the automatic tire inflation system consistently maintains the set air pressure inside the tire. Moreover, significantly increasing vehicle remote diagnostics is fueling the automotive automatic tire inflation system market.
The automatic tire inflation system is an electronic system and hence, chances of malfunctioning of the system components do exist. In such cases, the system can be harmful for the vehicle. This is a major restraint to the automotive automatic tire inflation system market.
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Leading Players:
Key players operating in the global automotive automatic tire inflation system market include Hendrickson USA, L.L.C., Meritor, Inc., STEMCO Products Inc., Pressure Systems International, Inc., Continental AG, Denso Corporation, Aperia Technologies, Inc., Haltec Corporation, Michelin North America Inc., ti.systems GmbH, and PressureGuard, PTG.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The automotive automatic tire inflation system market is segmented based on components, sales channel, vehicle type, and geography. In terms of components, the automatic tire inflation system market is classified into six segments. The compressor and sensors are key components of the system. Sensors perform the task of sensing the air pressure inside the tires. Based on the reading from the sensors, the compressor inflates the tire with proper air pressure.
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Based on sales channel, the automotive automatic tire inflation system market is split into two segments. Aftermarket is estimated to be a highly attractive segment of the market owing to the availability of a variety of automatic tire inflation systems in the aftermarket, at a comparatively lower price. Consequently, the aftermarket of the automatic tire inflation system market is witnessing expansion. Based on vehicle type, the market is classified into three major segments. Automatic tire inflation systems are more popular for commercial vehicles and off-road vehicles. Especially vehicles used for agriculture witness significant demand for the automatic tire inflation system.
In terms of geography, the automotive automatic tire inflation system market is segmented into five prominent regions. North America and Europe witnessed a prominent demand for advanced technologies such as automatic tire inflation systems. In North America, the agriculture sector is expanding at a rapid pace. Moreover, demand for commercial and off-road vehicles is significantly increasing in North America owing to a prominent mining industry and expanding construction industry. This in turn is boosting the demand for automatic tire inflation systems in the region.
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- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
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The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
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A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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