According to Data Bridge Market Research new Market report, global automatic tire inflation system market will account to an estimated USD 926.88 million in 2018 growing at a CAGR of 8.63% during the forecast period of 2019 to 2026.
Tire Inflation systems are designed to maintain the proper tire pressure and prevent tire failure. They prevent the air pressure in the tires and improve the performance. The main aim is to decrease tire wear and improve fuel economy. It is used for the reduction in time for the inflation and deflation process of tires, as well as reducing the time of roadside inspection of vehicles. Whenever there is any puncture or slow leak in the tires, they try to maintain the pressure in them. The important parts of the inflation systems are portable compressor, solenoid valves, pressure sensors, rotatory joints, pressure switch and car battery 12V. Fuel economy, braking distance, handling and tire life can be improved by the proper tire inflation system.
Global Automatic Tire Inflation Market is segmented on the basis of type, component, on- highway vehicle, off- highway vehicle, electric vehicles and geography.
By Type (Central Tire Inflation System, Continuous Tire Inflation System), Component (Air Delivery System, Buffer Tank, Compressor, ECU, Housing, Pressure Sensor, Rotary Union), On-Highway Vehicle (Passenger Car, Commercial Vehicle), Off-Highway Vehicle (Agricultural Vehicles, Construction Vehicles), Electric Vehicles (Hybrid Electric Vehicle, Plug-In Hybrid Electric Vehicle, Battery Electric Vehicle, Fuel Cell Electric Vehicle), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
FACTORS DRIVING GROWTH IN AUTOMOTIVE TIRE INFLATION MARKET
Increase demand for the safety of the vehicle
According World Health Organization report on Global road safety 2015, Libya has the highest rate of death 73.4 deaths per 100,000 people every year. Then is Thailand with 36.2, Malawi with 35, Liberia with 33.7 and DR of the Congo with 33.2 deaths per 100,000 people every year.
Of all road traffic deaths, 90% occur in developing countries, despite them having just 54% of the world’s vehicles.
Then countries with lowest road traffic accidents are Micronesia with 1.9 deaths per 100,000 people every year. Then is Swedan with 2.8, UK and Kiribati with 2.9 respectively and Switzerland with 3.3 deaths per 100,000 people every year.
Few of the major competitors currently working in the automatic tire inflation system are SAF-HOLLAND S.A., Continental AG, WABCO, ENPRO INDUSTRIES PVT. LTD., MICHELIN, The Goodyear Tire & Rubber Company, Bridgestone Corporation, Dana Limited, IDEX, Hendrickson USA L.L.C., Aperia Technologies Inc., Haltec Corporation, CODA DEVELOPMENT, Pirelli & C. S.p.A., Pressure Systems International Inc., Opladen LLC Vigia USA, ti.systems GmbH, Trans Technologies Company, Servitech, Velociti Inc., Tibus Offroad Ltd. & Co. KG, Téléflow, Bigfoot equipment LTD, and Chet’s Professional Services pty ltd.
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