Global Automotive Automatic Tire Inflation System Market - Drivers and Forecast from Technavio

Technavio has published a new report on the global automotive automatic tire inflation system market from 2017-2021. (Graphic: Business Wire)

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LONDON--()--Technavio analysts forecast the global automotive automatic tire inflation system (ATIS) market to grow to 2.88 million units by 2021, at a CAGR of more than 29% over the forecast period, according to their latest report.

The research study by Technavio on the global automotive automatic tire inflation system (ATIS) market for 2017-2021 provides a detailed industry analysis based on geography (the Americas, EMEA, and APAC).

Automatic tire inflation system (ATIS) is a system, which is used to automatically inflate the vehicle tires whenever the internal pressure of the tire drops below the pre-set level. EMEA is expected to be the fastest-growing regional segment of the automotive ATIS market, due to the high penetration of commercial vehicles in the region.

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Technavio analysts highlight the following three factors that are contributing to the growth of the global automotive automatic tire inflation system (ATIS) market:

  • Use of ATIS leading to reduction of maintenance cost
  • Increased popularity of aftermarket ATIS products
  • Use of ATIS leading to reduced fuel consumption, carbon emissions, and tire wear

Use of ATIS leading to reduction of maintenance cost

ATIS continuously monitors the tire pressure and automatically inflates the tires whenever the pressure level change from pre-set level. This eliminates the need to constantly check tire pressure, saving time and money to the consumers,” says Siddharth Jaiswal, a lead analyst at Technavio for automotive electronics research.

The tire fitted with ATIS system can increase the fuel efficiency up to 1.4% on an average and reduce the exhaust emission from the vehicles by 0.6%-0.9% due to under inflated tires. Technavio analysts expect these cost benefits to drive the growth of ATIS in the future.

Increased popularity of aftermarket ATIS products

The increased tire safety and subsequent driver safety requirements are driving the rising adoption of ATIS. This trend is especially prominent in the developed countries of North America and Europe. The adoption of automatic tire inflation systems is further supported by various government mandates and regulations regarding vehicle and tire safety.

These factors have led to the easy availability of the system even as a retrofit. Also, the improved service and repair facilities for these systems in the aftermarket is also increasing the sustainability and consumer confidence of the system.

Use of ATIS leading to reduced fuel consumption, carbon emissions, and tire wear

Rolling resistance should be maintained at optimal levels to ensure maximum fuel efficiency and minimal exhaust emissions. Underinflation of tires can greatly reduce mileage, and increase tire wear.

To ensure reduced fuel consumption, carbon emissions, and tire wear, automotive owners are adopting ATIS to ensure optimal tire pressure. The constant maintenance of the tire pressure to pre-set levels ensures the prolonged life of automotive vehicles,” says Siddharth.

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com

Release Summary

Technavio analysts forecast the global automotive automatic tire inflation system (ATIS) market to grow to 2.88 million units by 2021, at a CAGR of more than 29%.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 630 333 9501
UK: +44 208 123 1770
www.technavio.com