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Global Automatic Tire Inflation System Market to Touch USD 4016.9 Mn by 2028 as per the Latest Research

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.

Due to the COVID-19 pandemic, the global Automatic Tire Inflation System market size is estimated to be worth US$ 2475.8 million in 2022 and is forecast to a readjusted size of US$ 4016.9 million by 2028 with a CAGR of 8.4% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Tractors accounting for % of the Automatic Tire Inflation System global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Military segment is altered to an % CAGR throughout this forecast period.

PSI monopolizes the global Automatic Tire Inflation System market, holding a share about 66%.

North America is the largest market, with a share about 55%, followed by Europe, have a share about 40 percent.

In terms of product, Trucks is the largest segment, with a share about 35%. And in terms of application, the largest application is Commercial, followed by Military, Agriculture.

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Request for a free sample or purchase this report at: https://www.themarketreports.com/report/global-automatic-tire-inflation-system-market-research-report

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.

Segment by Type

  • Tractors
  • Trucks
  • Trailers
  • Others

Segment by Application

  • Military
  • Commercial
  • Agriculture

By Company

  • Psi
  • Dana Limited
  • Hendrickson (Boler Company)
  • Nexter Group (Knds Group)
  • Stemco (Enpro Industries)
  • Tire Pressure Control International
  • Aperia Technologies
  • Pressure Guard
  • Ptg (Michelin)
  • Teleflow (Michelin)

Production by Region

  • North America
  • Europe
  • China

Consumption by Region

  • North America (United States, Canada)
  • Europe (Germany, France, U.K., Italy, Russia)
  • Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
  • Latin America (Mexico, Brazil, Argentina)
  • Middle East & Africa (Turkey, Saudi Arabia, UAE)

 

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