QYResearch: Global Automatic Tire Inflation System Market will reach USD 1983.78 million USD by 2022 ●Research Report ● Market Survey and Research ●Industry Analysis
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Automatic tire inflation systems (ATIS) work to overcome one or more of the causes of tire underinflation by monitoring tire inflation pressure relative to a pre-set target and re-inflating tires whenever the detected pressure is below the target level. The tire inflation system not only increases vehicle mobility and reliability when moving, it also helps to ensure that a need for vehicle recoveries is avoided as far as possible. It also prevents unnecessary damage to fields. Moreover, simple adjustments to correct the air pressure ultimately reduce tire wear.
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According to QYResearch, The automatic tire inflation system industry was 1294.69 million USD in 2016 and is projected to reach USD 1983.78 million USD by 2022, at a CAGR of 7.45% between 2016 and 2022. The market for automatic tire inflation system is high concentration and PSI (Pressure Systems International) is the global leading supplier. There are other players such as PSI, Dana Limited, Hendrickson USA, Nexter Group, STEMCO (EnPro Industries), Tire Pressure Control International, Aperia Technologies, Pressure Guard (Servitech Industries), PTG Reifendruckregelsysteme GmbH (ti.systems GmbH), and so on.
On the basis of type, the automatic tire inflation system market is segmented into tractors, trucks, trailers, and others. The trucks segment is expected to account for the larger share of the global market in 2017. End-users, included in this market are military, commercial, agriculture usage. The military application is expected to account for the largest share of the global market in 2017. Based on regions, the global automatic tire inflation system market is segmented into North America, Europe, China, Asia Other, and the Rest of the World (ROW). North America is expected to maintain the leading share during the forecast period.
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Despite the presence of competition problems, due to the global recovery trend is clear, investors are still optimistic about this area, the future will still have more new investment enter the field. Even so, the study group recommends the new entrants just having money but without technical advantage and upstream and downstream support do not to enter into this field.
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