September 18, 2018 /ResearchByMarkets/— This research report covers the present scenario (with the base year being 2017) and the growth prospects of Global Automatic Tire Inflation System Market for 2018-2023.
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.
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 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, Asia-Pacific, South America, Middle East and Africa. North America is expected to maintain the leading share during the forecast period.
Over the next five years, this research report projects that Automatic Tire Inflation System will register a 9.1% CAGR in terms of revenue, reach US$ 2660 million by 2023, from US$ 1580 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Automatic Tire Inflation System market by product type, application, key manufacturers and key regions.
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To calculate the market size, this research report considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Segmentation by application:
This report also splits the market by region:
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Hendrickson (Boler Company)
Nexter Group (KNDS Group)
STEMCO (EnPro Industries)
Tire Pressure Control International
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Automatic Tire Inflation System consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of Automatic Tire Inflation System market by identifying its various subsegments.
Focuses on the key global Automatic Tire Inflation System manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automatic Tire Inflation System with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automatic Tire Inflation System submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
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Ritesh Tiwari, Director