The need for novel approaches to enhancing vehicle performance and safety has grown significantly as automotive technology continues to advance. The ATIS market has picked up speed because of its capacity to address basic worries connected with tire strain and execution. As state run administrations and purchasers the same focus on security and ecological worries, the market for ATIS is supposed to encounter supported development.
The ATIS market has also grown significantly because of the growing popularity of commercial vehicles like buses and trucks. Unit administrators and planned operations organizations are perceiving the financial advantages of ATIS, like expanded tire life expectancy and decreased fuel utilization. This pattern is encouraging an ideal market climate, with makers putting resources into innovative work to offer high level ATIS arrangements customized to the necessities of business vehicles.
As car producers endeavor to satisfy administrative guidelines and diminish the carbon impression of vehicles, ATIS has arisen as a suitable arrangement. By keeping up with legitimate tire pressure, ATIS advances fuel utilization, prompting lower emanations and worked on natural manageability. This arrangement with worldwide ecological objectives further upgrades the market elements of the Auto ATIS area. Therefore, customers are given an assortment of ATIS choices, going from essential frameworks to cutting edge, savvy arrangements with incorporated sensors and network highlights.
The market elements are additionally impacted by variables like expense contemplations and the accessibility of elective advances. While ATIS offers significant advantages, producers should offset these benefits with the general expense of execution. Furthermore, the rise of elective innovations, for example, tire pressure observing frameworks (TPMS), represents a test to the far-reaching reception of ATIS. Market players are exploring these difficulties by tending to cost concerns and featuring the novel benefits of ATIS over elective arrangements.
The developing interest for improved vehicle execution and maintainability, especially in the business vehicle section, is driving the market forward. As industry players keep on adjusting to developing business sector patterns and shopper inclinations, the Car ATIS market is ready for supported development and advancement soon.
Report Attribute/Metric | Details |
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Segment Outlook | By Technology, By Application, By Vehicle type, By Sales Channel |
Rising innovation in tire systems the automotive automatic tire inflation system market is expected to grow at a high CAGR of 12.5% to account for a higher market value of USD 107 million during forecasted period 2022–2030.
The increasing concern about ride safety and preventing road accidents majorly caused by tire punctures gives significant growth opportunities for the automotive automatic tire inflation system market in the global market as these are considered the next-generation tires that eliminate the traditional tires, which require air pressure. Due to advancements in technology, manufacturers and industry participants can now produce eco-friendly tires using recycled materials. The life of conventional tires is significantly less when compared with the automotive automatic tire inflation system market. The new automotive automatic tire inflation system provides unique features like higher usage in rugged areas, puncture-proof, higher durability,, and many others, making the automotive automatic tire inflation system market propel in the global market.
The global pandemic of COVID 19 has affected the financial market in the most abrupt way possible. Now, one has to deal with financial crises and health sector crises. The global pandemic has pushed the economies toward a forced recession in this situation. During the lockdown situation and post lockdown period, most of the manufacturing units of the automotive automatic tire inflation system industry were shut down, and reduced demand led to a downfall in revenues of the automotive automatic tire inflation system market in the global market.
It is expected that the global automotive automatic tire inflation system market will recover from this pandemic situation by the end of the first quarter of the coming year during the forecasted period.
The automotive automatic tire inflation system market is growing tremendously due to its various advantages, like reducing carbon footprints, which provide new raw materials and green materials by recycling the tires and materials used. It also helps in reducing land pollution. Improper tire pressure or underinflated tires make a smaller contact area with the ground, resulting in more power generation for the propulsion of vehicles. As per the International Journal of Scientific Development and Research (IJSDR) article published in 2018, underinflated tire by 2 psi decrease fuel efficiency by 10%. Thus, functional benefits like improper tire inflation reduce the fuel economy. According to Doran Manufacturing (US), a 20% underinflated tire could decrease tire life by 3%.
Another factor driving the automotive automatic tire inflation system market is convenience and driver assistance like connected features in tires, puncture resistance, low maintenance, replacement costs, and high downtime and loss of person-hours.
Tubeless and nitrogen tires do not support the automatic tire inflation system. The market for nitrogen tires is growing as several manufacturers prefer nitrogen as an inflation gas in tires. Inflating tires with nitrogen improves steering, handling, and braking, reduces tire oxidation, eliminates interior wheel corrosion, reduces running temperatures, and decreases false alarms from tire pressure monitoring systems.
The automotive automatic tire inflation system market is growing at a fast pace. Still, some factors restrain the growth of the automotive automatic tire inflation system market globally, like the high initial investment owing to high cost at the initial stage and commercialization concerns. Another factor that restricts the growth of the automotive automatic tire inflation system market is the low performance during friction and high speed compared with conventional tires.
Governments in various countries are focusing on tire inflation regulations. The environment protection board in various countries also focuses on tire inflation regulations. In 2010, the California Environmental Protection Agency mandated that automotive service providers inflated tires at the required air pressure during automotive maintenance or repair services. In 2022, the California Air Resources Board (ARB) amended its regulations to reduce greenhouse gas emissions from vehicles operating inefficiently with under-inflated tires. A vehicle with a gross vehicle weight rating of 10,000 pounds (lbs.) or less is considered.
The federal regulations also imposed harsh fines for fleet operators whose tire-related violations carry hefty penalties up to eight points, which can adversely affect the safety record for drivers and fleets. The US EPA and NHTSA applied provisions for the Truck Trailer Manufacturers Association to stay for the provisions for phase 2 greenhouse gas emissions. Eventually, the regulations would have required trailers to be outfitted with either an automatic tire inflation system or tire pressure monitoring system.
The automotive automatic tire inflation system market in the global market has been divided based on the following segments mentioned:
The automotive automatic tire inflation system market in the global market has been divided into Europe, Asia-Pacific, North America, and the rest of the world. In 2021, the US was the largest market for automatic tire inflation systems for on-highway vehicles in the region, with a market share of 93.1%, followed by Canada (4.7%) and Mexico (2.2%). The region is expected to witness growth in the automatic tire inflation system market for all vehicle types in the coming years.
Many accidents related to tire malfunctions occur in the US every year. According to NHTSA, 733 traffic fatalities occurred due to tire malfunctions in 2016. The NHTSA also estimated that automatic tire inflation systems could save 260,000 accidents.
The most prominent key players in the automotive automatic tire inflation system market in the global market are the following:
These prominent critical players in the automotive automatic tire inflation system market use various strategies for increasing their customer base in the global market by adopting various competitive strategies like product innovation, partnership and collaboration, mergers and acquisitions, and improvement in the production process.
March 2024: Both the Smart Tyre Inflator and the Car Vacuum Cleaner are new additions to Dylect's catalog of automobile accessories, which the company has just introduced. With the debut of the firm, unique solutions for car maintenance are introduced. These solutions were designed to meet the requirements of effective interior cleaning and tire inflation. When it comes to the tire inflators, they come with a digital display, an auto-cut-off safety feature, and a range of additional functionality, including a portable charging option for smart devices. The vacuum cleaners, on the other hand, have high suction capabilities and an ergonomic design.
Its features
The unique DYLECT Turbo PowerBank 600 Dual, which acts as both a power bank and a tyre inflator, and the DYLECT Turbo PowerBank 720, which performs triple duty as a power bank, tyre inflator, and car battery jump starter, are two of the new items that Dylect has introduced in the domain of auto equipment.
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