Automatic Tire Inflation System Market
Automatic Tire Inflation System Market Size And Forecast
Automatic Tire Inflation System Market was valued at USD 941.6 Million in 2018 and is projected to reach USD 1,892.6 Million by 2026, growing at a CAGR of 9.07% from 2019 to 2026.
Global Automatic Tire Inflation System Market Outlook
The use of an automatic tire inflation system provides increased tire and drivetrain life and the increasing concerns regarding the safety of the vehicles and drivers are some of the factors driving the growth of the market. The growing demand for advanced technologies such as an automatic tire inflation system that increases fuel economy and reduces the maintenance cost is anticipated to fuel the growth of the market. However, since it is an electronic system, the malfunctioning of the system can be harmful to the vehicle. The growing adoption of tubeless tires and nitrogen tires and the high system cost are some of the factors that may affect the growth of the market over the forecast period. Moreover, the growing demand for commercial & off-road vehicles owing to the expanding construction and mining industry is likely to increase the demand for the automatic tire inflation system for the upcoming years.
Global Automatic Tire Inflation System Market Competitive Landscape
The Global Automatic Tire Inflation System Market study report will provide a valuable insight with an emphasis on global market including some of the major players such as IDEX Corporation, SAF-HOLLAND, Dana Incorporated, Goodyear, Michelin, EnPro Industries, WABCO, The Boler Company, Airgo Systems, and Haltec Corporation.
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