Canada Automotive Automatic Tire Inflation System Market
The Canada Automotive Automatic Tire Inflation System Market is an emerging segment within the automotive industry, characterized by a growing demand for advanced safety technologies. Canadian consumers are becoming increasingly aware of the importance of tire maintenance, leading to a rise in the adoption of automatic tire inflation systems (ATIS) that provide real-time monitoring and automatic inflation capabilities.
The market is influenced by several factors, including government initiatives aimed at promoting vehicle safety and reducing emissions. Canadian automotive manufacturers are beginning to invest in research and development to integrate ATIS technologies into their vehicles, ensuring that they meet consumer expectations for safety and efficiency.
Moreover, the Canada Automotive Automatic Tire Inflation System Market benefits from collaborations between local manufacturers and international technology firms specializing in tire management solutions. This collaborative environment fosters innovation and enhances the competitiveness of Canadian manufacturers in the global automotive landscape.
The automotive automatic tire inflation system (ATIS) market is an emerging segment within the broader automotive industry. ATIS is designed to monitor and maintain optimal tire pressure automatically, helping improve vehicle safety, fuel efficiency, and tire lifespan.
Market Research Future Insights
According to MRFR analysis, the global Automotive Automatic Tire Inflation System Market is expected to register a CAGR of ~ 12.5% from 2022 to 2030 and hold a value of over USD 107 Million by 2030.
Automotive Automatic Tire Inflation System Market Size is particularly important for commercial vehicles, where proper tire maintenance can lead to cost savings and improved operational efficiency. The market's growth is driven by the increasing demand for safety features in vehicles, advancements in tire pressure monitoring systems, and the need for fuel economy.
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Market key players:
Robert Bosch
NGK Spark Plug
Delphi Automotive
Hitachi Automotive Systems
Denso Corporation
Continental AG
MBE Systems
Hella KgaA Hueck
Infineon Technology
Sensata Technologies
Market Research Future Insights
The increase in demand for the automatic tire inflation system especially in emerging economies owing to its numerous advantages such as better fuel efficiency and enhanced life span of tires and growth of vehicle automation are the foremost factors driving the automatic tire inflation system market.
The growth concerns regarding vehicle safety and the growing rate of adoption of the autonomous system as it is known to decrease the time for the inflation and deflation processes of tires and curb repairing costs accelerate the automatic tire inflation system market growth.
Manufacturing operations of automotive automatic tire inflation systems were halted partially or completely owing to lockdown restrictions taking place across many countries. Moreover, disturbances in the supply chain and shortage of raw materials presented several challenges in carrying out manufacturing at full capacity. The ban on import-export activities led to a disturbance in the supply chain and created a supply-demand gap.
As the limits are lifted, the supply chain is restored and is on the path of steady recapture.
Regional Analysis
North America dominates the automatic tire inflation system market during the estimated period of 2021 to 2030 because of the growing demand for commercial and off-road vehicles, expansion of the mining industry and construction industry, and development of the agriculture sector in the region.
Market Segmentation
The Global Automotive Automatic Tire Inflation System Market has been segmented into the Type, Component, On-highway vehicle, Off-highway vehicle, and Electric vehicle
Based on type, The Global Automotive Automatic Tire Inflation System Market has been segmented into a central tire inflation system and a continuous tire inflation system.
Based on the component, The Global Automotive Automatic Tire Inflation System Market has been segmented into air delivery systems, buffer tanks, compressors, ECU, housing, pressure sensor, and rotary union.
Based on highway vehicles, The Global Automotive Automatic Tire Inflation System Market has been segmented into passenger cars and commercial vehicles.
Based on an off-highway vehicle, The Global Automotive Automatic Tire Inflation System Market has been segmented into agricultural vehicles and construction vehicles.
Based on electric vehicles, The Global Automotive Automatic Tire Inflation System Market has been segmented into a hybrid electric vehicle, plug-in hybrid electric vehicle, battery electric vehicle, and fuel cell electric vehicle.
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