August 2024
The global automatic tire inflation system market is estimated to reach USD 2500.28 million by 2033, up from USD 910.41 million in 2023, at a compound annual growth rate (CAGR) of 10.80% from 2024 to 2033.
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Automatic tire inflation systems analyze and change the amount of pressured air in the tires, assuring a correct tire pressure even while the truck is driving. The technology uses compressed nitrogen to automatically inflate or deflate each tire. The sensors that are built-in send the data to an on-board computer, which helps in diagnosing the faults in each of the tires before they become severe. The automatic tire inflation system market is anticipated to augment at a substantial CAGR during the forecast period.
The increase in demand for performance and fuel economy of vehicles is expected to support the growth of the market globally. The market is further driven by the increase in demand for safety features in vehicles along with improved performance of vehicles on different driving surfaces. Also, the favorable government regulations for tire inflation and the rising integration of telematics in vehicles are likely to drive the growth of the market in the years to come.
Tires are the second-most expensive component for transportation companies. The natural flow of the air thru the elastic rubbers of tires also reduces pressure. When the surrounding temperature drops by 10 degrees Fahrenheit, the tire's one-psi pressure drops. As tires establish a contact with the ground owing to friction, heat is produced, melting the tire's rubber, and underinflated tires can readily overheat.
As per the data by the American Automobile Association, 80% of the vehicles have at least one underinflated tire among them. According to their research, when the tire pressure is under two psi lower than the required pressure, fuel efficiency decreases by 10%. Furthermore, research done by the NACFE in 2013 found that an inaccurately inflated tire makes a vehicle to use more fuel than necessary.
An underinflated tire engine works harder and this requires more fuel to operate the car. Since weather conditions vary from one location to other location, maintaining the optimum tire pressure is essential to improve the fuel economy of the vehicles. The comfort and the security of the passengers, tire life, as well as the fuel economy of the vehicle, and tire blowout mitigation; all are the essential components of a vehicle. Fortunately, the utilization of the automated tire inflation system helps in solving of these issues. It balances for air loss in the tire on a continuous basis. As a result, avoiding manual tire pressure checks on a regular basis reduces human work.
Another advantage of implementing this system is that it improves the vehicle handling and control by reducing the likelihood of an accident. Air is supplied to the rotor assembly via flexible ducting and a revolving bearing and this inflates the tires. Braking and handling performs best when the tire pressure is maintained at an appropriate level. The installation of this device will eliminate the need of the driver or any passenger to manually check the pressure, saving time and effort.
The high costs of automatic tire inflation system are likely to hamper the growth of the market during the forecast period. This is owing to the considerable manufacturing and maintenance expenses involved. For example, the cost of a complex system such as the central tire inflation is three times more than that of a tire pressure monitoring system which is found in the large commercial vehicles. Installing the automatic tire inflation systems in the cars costs more than leaving them unequipped, which drives up the total cost of the car. Advanced tire inflation systems that integrate various electronic components provide accurate pressure management, but at the same time, this feature raises the price point of the system.
Wheel valves, operator control panels, air delivery systems, electronic control units (ECUs), and pressure and speed sensors with a variety of switches are some of the parts that make up these systems. While the air distribution system is responsible for making sure that the tires receive enough pressure, the pressure sensors involved into the autonomous tire inflation systems facilitates the real-time tire pressure status monitoring. The increased cost of the system not only impacts the economic viability of the vehicles but also increases total expenditure.
The increasing adoption of electric commercial vehicles is anticipated to create lucrative opportunity for the growth of the automatic tire inflation system market in the years to come. This is owing to the increasing stringent government regulations to reduce the emissions due to the transportation sector. Sustainability and electrification seems to be rising in popularity in the commercial vehicles industry at the moment, but it extends beyond just converting diesel to electric cars. Instead, the truck fleets are typically more focused on reducing emissions and ultimately achieving zero.
According to International Energy Agency, approximately 60,000 electric medium- and heavy-duty trucks were sold globally in 2022, accounting for 1.2% of all truck sales. China is still the industry leader in the manufacture and distribution of electric and fuel cell trucks. An anticipated 52,000 electric medium- and heavy-duty trucks were sold in China in 2022, accounting for 4% of the country's total sales as well as roughly 85% of sales worldwide. Furthermore, a large number of trucks sold in North America, Europe, and Latin America are Chinese brands.
Fleet managers can increase the total operating efficiency, lower the maintenance costs as well as improve vehicle performance by incorporating ATIS into the electric commercial vehicles. Furthermore, by lowering the tire-related pollutants and reducing the environmental impact of the tire wear, ATIS is likely to support the sustainability objectives of fleets of the electric vehicles. Thus, as the demand for electric commercial vehicles continues to grow, the market for automatic tire inflation system is also expected to grow in future.
The central tire inflation segment captured a substantial market share of 62.71% in 2023. This is owing to the growing demand to reduce the operating costs as well as increase the fuel consumption across all road, agriculture and defense industries. Furthermore, central tire inflation systems helps in reducing the downtime caused due to the tire problems such as leaks, minor punctures, or immobility in muddy conditions. In military applications, this unique system allows vehicles to escape dangers, transporting soldiers to safety in the most dangerous environments. These factors are expected to contribute to the growth of the segment during the forecast period.
The commercial vehicle segment held largest market share of 89.44% in 2023. This is attributed to the increasing demand for better tire life and less downtime along with the growing demand for vehicle safety and fuel efficiency. Furthermore, the increasing e-commerce activities have fueled the demand for commercial vehicles which in turn is likely to drive the adoption of automatic tire inflation system in this segment.
North America dominated the market with 35.82% of shares in the global automatic tire inflation system market. This is owing to the increasing number of safety features in light-duty and heavy-duty vehicles to drive demand for automatic tire inflation systems across the region. Also, the increasing stringent vehicle safety regulations coupled with focus on improving fuel efficiency is further expected to drive the demand for automatic tire inflation system in this region in the years to come. Additionally, the increasing number of commercial vehicles on the roads is also likely to support the regional growth of the market in the years to come.
Asia Pacific is expected to grow at a considerable CAGR of 13.01% during the forecast period. The growing trade volumes and e-commerce activities has resulted in increase in demand for commercial vehicles which is expected to contribute to the regional growth of the market during the forecast period. Moreover, the increasing awareness of road safety and stricter regulations imposed by governments is projected to contribute to the growth of the market across the region. Additionally, the introduction of advanced technologies and demand for enhanced safety and comfort is also expected to contribute to the growth of the automatic tire inflation system market in the region.
According to the data by the Society of Indian Automobile Manufacturers, the sales of commercial vehicles climbed to 962,468 units from 716,566 units. In comparison to the prior year, sales of light commercial vehicles climbed from 475,989 to 603,465 units, and those of medium and heavy commercial vehicles jumped from 240,577 to 359,003 units in FY-2022–2023.
Some of the key players in automatic tire inflation system market are Meritor Inc., Dana Limited, STEMCO Products Inc., Hendrickson USA LLC, PressureGuard (Servitech Industries Inc.), Aperia Technologies Inc., Tire Pressure Control International Ltd., Haltec Corporation, ti.systems GmbH, Michelin, P.S.I. (Pressure Systems International), and Velociti Inc., among others.
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Dr. Arjun Patel is a distinguished expert in the automotive industry, holding advanced degrees in Automotive Engineering and Mechanical Engineering. His expertise spans automotive market dynamics, technological advancements, and sustainable practices. Dr. Patel excels in conducting in depth research and analysis on market trends, consumer preferences, and the economic implications within the automotive sector. He is renowned for his insightful publications on topics such as electric vehicles, autonomous driving technologies, and the evolution of sustainable transportation solutions. Dr. Patels research contributions have significantly advanced understanding in the field, earning him recognition as a leading authority in automotive research and analysis.
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