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Global automatic tire inflation system market is expected to reach USD 1,780.7 Million by 2025 at a CAGR of 8.9% from 2018 to 2025. Increasing demand for fuels, increased the life span of tires by reducing wear and tear in the tire and high demand for automatic tire inflation systems in growing economies are all stimulating the growth of the market.
Market Overview:
Automatic Tire Inflation System is a type of system which automatically inflates the wheels of a vehicle when the vehicle is in motion. It employs the use of mechanical energy for rotating wheel to drive the pump upon contact with the solenoid device.
This system was introduced so that there would be less consumption of fuel and vehicular safety and comfort could also be maintained. It increases fuel efficiency and reduces tire wear thus increasing their life. It lowers down the tire replacement time and cost. Another objective of this system is to maintain ideal pressure in tires so that if it goes below ideal vale pressure, the gauge monitors it and inflates it again.
Report Description:
Market Dynamics:
Drivers:
Restraints:
Opportunities:
Challenges:
Global Automatic Tire Inflation System Market Key Findings:
All the segments have been analysed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.
Segmentation Analysis:
The automatic tire inflation system market is segmented on the basis of type, component, on-highway vehicle, off-highway vehicle and electric vehicle.
Regional Segmentation Analysis:
The regions analysed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. North America region dominated the global automatic tire inflation system market with market size of USD 310.77 Million in 2017 where as the Asia Pacific region held the second dominant position in the market.
Global Automatic Tire Inflation System Market Competitive Analysis:
Key players in the Automatic Tire Inflation System Market are FTL Technology Limited, Dana Incorporated, PTG Reifendruckregelsysteme GmbH, Bigfoot Equipment Ltd., Nexter Group, AIR CTI, Meritor Inc., Hendrickson USA LLC, Col-Ven S.A., Tire Pressure Control International Ltd., EnPro Industries Inc., Aperia Technologies, Inc., Tibus Offroad Ltd. & Co. KG, ti.systems GmbH, and Servitech Industries Inc. are the top leading players of the market. In May 2017, Dana Inc. expanded its manufacturing capabilities in Chongqing, China so that it can produce drive units integrated with all-wheel drive technology.
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Scope
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Key Points |
Information |
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Evaluate Market Potential |
Growth Rates (CAGR %) Value (USD Million) {Market Size} |
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USP of Report |
Industry and Technology Trends Market Evolution Value Chain Analysis Company Share Analysis Competitive & Vendor landscape SWOT Analysis of Each Company Profit Margin Analysis Analysis of More than 30 Countries for Each Segment |
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Base Year |
2017 |
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Historical Years |
2015-2017 |
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Forecast Period |
2018-2025 |
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Regional Analysis |
North America, Europe, Asia Pacific, South America, and Middle East and Africa |
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Countries Analysis |
U.S., Canada, Mexico, Germany, France, Sweden, Netherlands, U.K., Italy, Spain, Turkey, Switzerland, Belgium, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Brazil, Saudi Arabia, UAE, Egypt, Nigeria, South Africa |
This study forecasts revenue and volume growth at global, regional, and country levels from 2015 to 2025. Fior Market Research has segmented the global automatic tire inflation system market on the basis of below mentioned segments:
Global Automatic Tire Inflation System Market, By Type:
Global Automatic Tire Inflation System Market, By Component:
Global Automatic Tire Inflation System Market, By On-Highway Vehicle:
Global Automatic Tire Inflation System Market, By Off-Highway Vehicle:
Global Automatic Tire Inflation System Market, By Electric Vehicle:
Global Automatic Tire Inflation System Market, By Regions:
List of Table
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Hi John,
Thanks for the report. We've been going through it and see some good data on the market and players. –
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Thanks for the report. We've been going through it and see some good data on the market and players.
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